Fondex

Fondex is a reputable forex broker that offers a wide range of trading options to meet the needs of both beginner and experienced traders. With its cTrader forex trading platform, Fondex.com provides access to over 80 forex currency pairs, indices, shares, energies, CFDs, ETFs, gold, silver, bitcoin, and other cryptocurrencies for personal investment and trading.

Broker Details

• Minimum Trade Size: 0.01
• Maximum Leverage: 500:1
• Minimum to Open Live Account: $0
• Established: 2017
• Address: 3rd Floor, Stratigou Gianni Timagia 19, Limassol, 3107, Cyprus
• Contact: [email protected], 35725028079
• Regulators: CySEC #138/11, FSA-S #8424819-1
• Prohibited countries: None specified
• Trading platforms: cTrader
• Web Trading: ✓ Yes
• Mobile Trading: ✓ Yes
• Currencies: 80 trading instruments
• Cryptocurrencies: 10 including Bitcoin, Litecoin, and Ethereum
• CFD: 1000 including Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, and Other Commodities
• Trading Conditions: EAs/Robots: ✓ Yes, News Trading: ✓ Yes, Scalping: ✓ Yes
• Managed Accounts & Social Trading: Copy Trading: ✓ Yes
• Deposit Methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Giropay, Maestro, Multibanco, Neosurf, Neteller, PayPal, PaySafe Card, Poli, Przelewy24, Qiwi, Skrill, SOFORT, WebMoney, Yandex Money
• Withdrawal Methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Giropay, Maestro, Multibanco, Neosurf, Neteller, PayPal, PaySafe Card, Poli, Przelewy24, Qiwi, Skrill, SOFORT, WebMoney, Yandex Money

Pros and Cons

Pros:

• Fondex offers a wide range of trading options, including forex currency pairs, indices, shares, energies, CFDs, ETFs, gold, silver, bitcoin, and other cryptocurrencies.
• The cTrader trading platform provides a user-friendly and efficient trading experience.
• High maximum leverage of 500:1 allows for potential higher profits.
• Availability of various deposit and withdrawal methods, including popular options like VISA, MasterCard, and PayPal.
• Allows EAs/Robots, News Trading, and Scalping.
• Copy Trading feature is available for those who prefer a more hands-off approach.

Cons:

• Limited information provided about regional offices and prohibited countries.
• No specific details mentioned about trading conditions, such as spreads and commissions.

Is Fondex a Scammer or Not?

Based on the available information, there is no evidence to suggest that Fondex is a scam. The broker is regulated by CySEC and FSA-S, which adds credibility to its operations. However, it is always recommended to conduct thorough research and exercise caution when dealing with any financial institution.

Safety Check

Fondex prioritizes the safety and security of its clients' funds. The broker offers segregated client accounts, which ensures that clients' funds are kept separate from the company's operational funds. Additionally, Fondex utilizes advanced encryption technology to protect sensitive data and transactions.

Client Feedback

We encourage users to share their live trading experiences with Fondex on the forexroboteasy.com website. This platform allows traders to provide independent feedback and reviews about their experiences with various forex brokers, including Fondex. Overall, Fondex is a professional forex broker that offers a diverse range of trading options and a user-friendly trading platform. While there are some areas where additional information could be provided, the broker's regulatory status and commitment to client fund safety contribute to its credibility. Traders should conduct their own research and consider their individual trading needs before choosing a forex broker.