Fondex Review 2019

  • Your capital is at risk


Fondex Review

Fondex is a multi-asset financial broker that was established in 2017. The brokerage offers traders from around the world the ability to trade over 1000 tradable instruments, across 7 asset classes, all from one platform. Fondex claims it has a strong emphasis on high-quality user-experience and they provide their clients with some leading trading technology, with the Fondex cTrader as the mainstay. Fondex is a trade name of TopFX limited and is based in Cyprus with their headquarters located at 4th floor, Kanika Business Center 401, 28th Oktovriou St.3105 Limassol Cyprus.

Since Fondex is such a new online trading brokerage, how do you know the quality of their services and whether or not they can be trusted? Well, in the following in-depth review we delve deep into all aspects this broker has to offer and present you with our findings. So check it out and decide whether Fondex is the right online broker for you.

Fondex Video Review


The broker is registered as a Cyprus Investment Firm (CIF) and licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11. Following the US, UK, and Australian regulators, Cysec is one of the tightest regulators out there. They offer deposit protection according to the broker’s terms and conditions and do not permit the brokers under their purview to offer bonuses. As a CySEC Broker Fondex operates in accordance with the Markets in Financial Instruments Directive (MiFID). This is a regulation that increases transparency across the EU’s financial markets as well as standardizing the regulatory disclosures required by the broker. With this regulatory compliance, Fondex operates under strict rules and guidelines set in place to protect traders and investors from fraud and poor business practice.

fondex 11

Fondex Customer Protection

As mentioned by being regulated by CySEC, customers’ deposits are protected up to a limited amount, should the company become insolvent.

Fondex has already been awarded four prominent brokerage awards from notable financial publications such as; FX-Week, World Finance, and Global Brands Magazine. Moreover, Fondex offers traders negative balance protection, secure and encrypted deposits and withdrawals, and holds client funds in secure and segregated Tier-1 global bank accounts, according to the broker’s own information and CySEC regulation requirements.

Trading Platforms

Fondex offers the cTrader platform where traders can choose to trade manually, copy trade or automate their trades with robots (cBots). The ability for 3-way trading provides clients with the flexibility to combine multiple trading methods on the same platform. Fondex cTrader is designed to accommodate the needs of both beginners and experienced traders with technical analysis and charting tools. Advanced traders will appreciate the array of order types and advanced risk management tools that enable them to lock in profits and minimize losses.

Fondex cTrader Copy is the platform’s copy trading functionality. Fondex account holders can either become Strategy Providers and share their trading strategy for a fee or become followers and copy the trades of the strategy providers. As an investor who wishes to follow a strategy, Fondex cTrader Copy offers you performance analysis, history, and reporting tools to evaluate and rank strategies according to their profit percentage.

Fondex cTrader Automate is the platform’s automated trading functionality. Traders can choose their preferred robot (cBot) and have it execute trades on their behalf, the same way MetaTrader uses EA’s. cBots open and exit trading positions automatically, without any intervention from the trader, based on sets of predefined parameters. In addition, advanced traders can develop and optimize their own cBots.

 fondex 22

Fondex Mobile Trading

The Fondex cTrader trading platform is fully compatible and optimized for use on mobile devices including smartphones and tablets. Traders can download the Fondex mobile application for free from the Apple App Store and the Google Play Store for iOS and Android devices respectively. The Fondex cTrader app supports all the same features as the desktop platform and is smooth and responsive as well.

fondex 33

Trade Types/Instruments

Having looked at the demo Fondex cTrader platform we can confirm that Fondex traders have access to over 1000 tradable financial instruments across 7 global asset classes including forex, shares, precious metals, energies, ETFs, and cryptocurrencies. This is a wide selection. See these asset classes overviewed below. *All data is taken directly from the broker’s website and is correct at time of writing.


  • 80+ forex currency pairs
  • Majors, minors, exotics
  • Competitive spreads starting at just 0.0 pips


  • 15 major indices
  • Low spreads (starting at 1.4 for UK 100)
  • Trade size flexibility
  • No commissions, no hidden fees


  • 900+ global shares
  • Flexible position sizing
  • 1:5 leverage

Precious Metals

  • Gold, silver, palladium
  • Leverage of 1:10 or 1:20
  • Advanced protection


  • Crude oil & Natural gas
  • Excellent for intraday traders
  • Leverage of 1:10


  • 19 PowerShares
  • 25 IShares
  • Leverage of 1:5


  • Bitcoin, Ethereum, Litecoin, Ripple
  • Trade Cryptos through CFDs

Account Types 

Fondex keeps things simple by offering their clients only one Account type plus a Swap-Free account for Islamic traders. The Fondex Unified Account provides traders with all-inclusive access to all of the tradable instruments offered as well as all the trading and analysis tools available.  If you are eligible for a Swap-Free account you will not have to pay overnight fees, this is specifically for those traders that follow the Islamic faith. Opening an account with Fondex can be done in a few steps. You can also trade with a demo account first to try out the platform before you deposit funds.  During the process of registration, there is a demo video, which can help guide you through the steps of opening a demo account. Bear in mind that you will need to supply Fondex with your proof of identity and proof of address to register a real account.

Commissions & Spreads

For Forex Fondex offers floating spreads from as low as 0.0 pips and a daily average spread of 0.28 pips on the EUR/USD currency pair.

No commissions are charged for the trading of shares, indices, ETFs, and cryptocurrencies. Commissions are charged for the trading of energies and precious metals where traders must pay $3.50 per 100K of traded volume.

* Please note that all spreads and commissions are taken directly from the Fondex website and are correct at the time of writing this review.

Deposits & Withdrawals Options

Fondex provides their traders with a wide array of payment methods for deposits and withdrawals. These include Visa, Maestro, Mastercard and an array of e-wallets including Skrill, Neteller as well as bank transfer. Fondex does not charge for deposits you make through them although your payment processor might. As for withdrawals, fees do apply, and the company claims that all withdrawals are completed within 24 hours.

See below, a list of the available deposit and withdrawal methods along with the associated withdrawal fees.

  • Visa, MasterCard, Maestro: 2.95% fee
  • Skrill: 2.5% fee
  • Neteller: 3.2% fee
  • PaySec: 3.5% fee
  • ePayments: charges on your bank
  • Bank Transfer: charges on your bank

*All charges are taken from the broker’s website.

Bonus & Promotions

Unfortunately, Fondex does not provide their traders with any bonuses or promotions for trading with them. This comes as a result of being CySEC regulated. This authority does not permit its member brokers to offer trading bonuses.

Customer Support

Fondex provides their clients with customer support that’s available 24 hours a day, 5 days a week. Traders can reach Fondex’s dedicated support team via email, telephone, WhatsApp, Telegram and live chat. Additional methods of support include an extensive FAQ page and connection via social media including on Facebook, Twitter, LinkedIn, Instagram, and YouTube.

Pros and Cons


  • Excellent trading platform
  • Copy trading available
  • Mobile trading supported
  • 1000+ tradeable instruments
  • Highly regulated trading broker


  • Only 1 type of trading account (apart from Islamic)
  • No bonuses or promotions

fondex 15

Fondex Q&A

  • Is Fondex regulated?

Yes, Fondex is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11 in accordance with the Markets in Financial Instruments Directive (MiFID).

  • Where is Fondex based?

Fondex is based at  4th floor, Kanika Business Center 401, 28th Oktovriou St.3105 Limassol Cyprus.

  • How does Fondex make money?

Fondex makes its money by charging traders a spread on the trades that they executed on the broker’s trading platforms and they charge a commission on the trading of some assets as well.

  • How do I deposit in Fondex account?

You can deposit funds to your Fondex account via bank wire transfer, Visa, Mastercard, Maestro, Skrill, Neteller, PaySec and ePayments.

  • How do I withdraw money from Fondex?

Withdrawals of funds must be made through the same channel used for making the initial deposit.

  • How do I open an account with Fondex?

To open an account with Fondex, simply complete the registration form and submit it with all the relevant documentation for KYC and AML purposes.

  • Does Fondex use MetaTrader?

No, Fondex uses cTrader.

  • What is Fondex leverage?

The maximum leverage offered by Fondex is 1:30 for the currencies.


Fondex is highly regulated across Europe, supports a wide array of tradable assets, features a sophisticated trading platform, and offers favorable trading conditions and fees, as you can see above. Although Fondex was established in 2017, they hold many of the same features and attributes as the most established and reputable brokers in the industry.


Company Information

Broker DetailsInfo
Regulated byCySEC, MiFID
Headquarters CountryCyprus
Foundation Year2010
Publicly TradedNo
Number Of Employees100

Deposit Options

Credit Card, Neteller, Skrill, Wire Transfer

Withdrawal Options

Credit Card, Neteller, Skrill, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$0
Max. Leverage1:30
Mini AccountNo
Demo AccountYes
Premium AccountNo
Islamic AccountYes

Fondex Trading Features

Suitable For

Trader LevelYes/No
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Arabic, English, French, German, Greek, Indonesian, Italian, Thai, Vietnamese

Trading Services

Supported Trading PlatformscTrader
Commission On TradesYes
Educational ServiceYes
Email AlertsYes
OCO OrdersYes
Trailing SP/TPYes
Automated TradingYes
API TradingYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No

FondexUser Reviews

Rate this broker

Latest Tweets by @fondextrading?lang=en

Open Account at FondexYour capital is at risk

Top Promotions

Top Brokers