Fondex
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 0
- Payment systems
Features
- No minimum deposit required
- Copy trading supported
- Segregated client accounts
- ECN-style account
- Scalping allowed
- Affiliate program available
- Wide range of trading instruments
Pros
- No specific advantages are documented for this broker.
Cons
- No specific drawbacks are documented for this broker.
Updated:
Fondex is a forex and CFD broker founded in Cyprus in 2017, with a Cyprus entity regulated by CySEC and a Seychelles entity regulated by the SFSA. It serves EU and international clients, with a handful of restricted countries including the US, Japan, and Canada. Trading runs on a single ECN-style account through cTrader, with no minimum deposit required.
Fondex is a CySEC- and SFSA-regulated broker offering ECN-style pricing on cTrader, with no minimum deposit and support for copy and automated trading.
Fondex is a forex and CFD broker founded in Cyprus in 2017, with a second office in Seychelles serving traders outside the EU. It accepts clients worldwide, with exceptions including the US, Japan, North Korea, Iran, Belgium, and Canada.
Regulation and fund safety
Fondex operates through two regulated entities. Fondex CY, based in Cyprus, is licensed by the Cyprus Securities and Exchange Commission (CySEC). Fondex SEY, based in Seychelles, is licensed by the Seychelles Financial Services Authority (SFSA).
Client funds are held in segregated accounts, separate from the broker's own funds, and Fondex participates in a deposit insurance program for added protection.
Leverage
Leverage depends on which entity a client trades through. Traders under the CySEC-regulated Fondex CY are capped at 1:30 on major currency pairs, in line with ESMA rules for EU clients. Traders under the Seychelles-regulated Fondex SEY can access leverage of up to 1:500.
Account type and trading costs
Fondex offers a single, ECN-style account with low spreads on liquid instruments and commissions on most trades. Currency and commodity CFDs carry a commission of $2.5 per side per $100,000 traded; stocks and ETFs are charged $1 per 100 shares traded. Cryptocurrency trading has no commission but wider spreads, averaging around $10 on BTCUSD and $2.29 on ETHUSD. The average EUR/USD spread is 0.7 pips.
Trading platform
Fondex runs on cTrader, supporting manual trading, copy trading (following other traders), and automated strategies, with desktop, web, and mobile access.
Tradable instruments
- 60+ currency pairs
- 15 major stock indices
- 900 stocks
- 18 ETFs
- Precious metals, including gold and silver
- Energy commodities, including oil and natural gas
- Cryptocurrencies, including Bitcoin, Ethereum, Ripple, Dash, and Litecoin
Deposits and withdrawals
Fondex has no minimum deposit. EU clients can fund accounts by bank transfer, debit or credit card, or e-wallets including Skrill, Neteller, and PayPal. International clients have additional options, including PayTrust, Paymero, EPS, and cryptocurrency via a third-party service.
Key facts
| Founded | 2017 |
|---|---|
| Headquarters | Cyprus, with a Seychelles office |
| Regulation | CySEC, SFSA |
| Platform | cTrader |
| Minimum deposit | $0 |
| Maximum leverage | 1:500 (Seychelles entity) |
| Base currencies | USD, EUR |
| Support | 24/5 |
