58 reviews of Fondex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Fresh broker, so it was interesting for me to test it. What boosted my interest - cTrader platform. I was looking for cTrader broker a long time ago, but there was no brokerage with good trading conditions, spreads were really high in any of them, so I rejected this idea. Fondex was my chance to try cTrader brokerage. Some points that I noticed:
1.Minimum deposit is $0, so you can start trading with any amount of money, brokerage doesn't restrcit you
2. There's algotrading, for me that was important, as I'm using algorithms. There's cBots, you can even write your own trading alggorithms, if you know how
3. No order limit, if you're trading multi assets, that can be important
Overall, I'm satisfied, at least among cTrader brokers Fondex is good.
The company has got quite a few advantages, yet I believe spreads and trading fees is definitely the biggest one.
Crypto and indices have no commissions, but spreads only. BTCUSD average spread is only $10. The collest offer ever among CFD brokers, from what I know.
Spreads are not fixed here, they are same for all traders and depend on the market situation as gthey actually should. The average spreads and real-time spreads values can be found at the broker's official site and I absolutley love this transparency.
Fondex is new and 'on paper' it looks quite well - with allowed scalping and low spreads. I've tried demo account - looks quite well, but I think that brokerage need to have more experience to be trusted, so I will wait a little bit.
I hope MT developers will pardon me, but in comparison to cTrader that I was fortunate to try with this broker, Metatrader platform is a real creep. I know its reliable, tested with time, as people say, yet it really is creepy as your grandma's old sofa.
The broker itself is good, it's not just about the platform. They offer favorable trading conditions and have got helpful customer support. Don't hesitate trying!
The broker is nice in terms of customer service, withdrawals and trading fees. Have been working with them for severla months now, all good.
I changed my brokerage to Fondex for one simple reason - I came interested in sync trading and Fondex offers such opportunity. I trade on my own and want to have separate copy trading account to earn passive income as well. Fondex was one of a few brokers that offer good copy-trading and trading features combined.
First of all, registration process is simple. Mb for sb I sound weird, but there's really dozens of brokers that have painful registration system, good that Fondex make resistration and all info accessible. What Impressed me the most - open info about spreads and their history, so you're free to check them out.
Secondly, there's really great list of assets, including crypto
And the last (but ofc not least) - support service is really nice, I've checked that out :)
Trading there for 3 month, started with $500, now increased for $2,000. See some cons and pros as well. The main cons - min lot is 1 for many assets, but the most popular and indices are as low as 0,01. I like to trade exotic assets, so that's causees some difficulties for me with position size adjustments.
Alright, the broker is definitely a good find in terms of spreads and other trading fees. Spreads are variable and transparent. EURUSD goes up to 1.5-2 pips at themarket openings and is much lower than that during less volatile times. Roundturn per 1 lot is $5 for the same asset.
Withdrawals are only via bank wire and bitcoin, which is a bit annoying.
This is good that the company have chosen to use cTrader. I APPROVE the choice :)
As for trading fees, they are quite good too in my opinion. I only trade forex and per 1 EURUSD lot I normally pay $5 commission for roundturn and the average spread of about 0.3. That's a good deal if you ask my opinion.
They don't have much of bonuses, education and built-in news calendars that newbies like so much. It's a professional broker for professional traders.
Changed my previous broker to Fondex, as I was in search of a place with a high variety of assets. There's more than 1000 assets, that starts with 0.01 lot. Such a minimum volume is for the most popular assets, some assets might have a min volume of 1 lot per trade. Normally such a restriction is justified by the normal price of asset, keeping the min volume around $1000 worth of an asset.
They offer not only a classic trio: currencies, stocks, indices, but also crypto and commodities. My opinion is highly positive, but that's up to you to make your own judgements. Feel free to use demo for this purpose.
Fondex takes care about clients' funds security and I appreciate this. Official website contains info about executional transparency, trading conditions and everything like this. However, brokerage doesn't provide news and analytical insights on their official website, so you need to seek for info on other websites or platforms. I think Fondex will add analytics and news feed sooner or later, but now it doesn't provide it, so...
I definitely enjoyed working with a Fondex broker. First, I tried a demo account. Everything worked well, the broker only made me happy. I deposited money into my account, and it was still great. I never regretted starting working with this broker, no complaints at all. Thank it for its work and quick feedbacks!
Just started trading with a broker. Everything looks fine so far - there are many awards, good spreads and about 1000 assets. The good feature is that they have free trading signals that you can either follow or at least have a look at before making a final decision. I liked that there are cryptocurrencies in the trading pool, and not only Bitcoin, but also Etherium. I like trading crypt as its got excellent volatility and persoanlly I find that technical analysis works better on these asstes. It bumps off the strong levels with a better precision than gold or oil i.e. Moreover, Fondex spread for Bitcoin is only 3 bucks and no commission. That's a good deal.
To submit your own Forex Broker review for Fondex fill the form below. Your review will be checked by a moderator and published on this page.
By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. A confirmation link will be sent to this email. Reviews posted from a disposable e-mail address (e.g. email@example.com) will not be published. Please submit your normal e-mail address that can be used to contact you.
Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.