Fondex offers one flexible account that accommodates the needs of any type of trader and this account can also be used as a demo account or an Islamic account. Fondex provides traders with competitive and comprehensive trading conditions
Fondex at a Glance
| 🔎 Broker's Name | Fondex |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2017 |
| ⚖️ Regulating Authorities | CySEC |
| 🌐 Countries not accepted for trade | United States, Canada, Korea, Iran, Belgium, Japan |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | None |
| 💳 Deposit Options | Debit & credit cards Bank transfer PayPal Neteller Skrill |
| 💳 Withdrawal Options | Debit & credit cards Bank transfer PayPal Neteller Skrill |
| 💻 Platform Types | Fondex cTrader |
| 📈 Tradable assets offered | Forex, stocks, commodities, indices, cryptocurrencies, ETFs |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit USD 0 Regulators CySEC Trading Platform Fondex cTrader Crypto Yes Total Pairs 80 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Fondex Account Types vary according to what traders require. This broker offers a trading experience that is easy, safe, and productive.
Choose your quick section of our Fondex Account Types below.
Fondex Account Types – 11 key points quick overview
Fondex at a Glance- Fondex Account Types – 11 key points quick overview
- Fondex Overview
- Fondex Account Types
- Fondex Account Features
- Fondex Demo Account
- Fondex Islamic Account
- Fondex Customer Reviews
- Fondex Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the Fondex account types as well as the treading features and benefits offered for each account.
Fondex Overview
Fondex is a relatively new online Forex broker, having been established in 2017, and has already grown to be a leading player in the Forex market with a wide customer base and a global market presence.
Traders of all varieties favor Fondex for its competitive pricing and feature-rich, secure, and regulated trading environment, with access to over 1000 trading instruments from one advanced trading platform.
As such, the Fondex cTrader platform fills your orders in milliseconds without any requotes or price manipulation and allows you to make informed decisions with smart market analysis tools, Live Sentiment data, and in-platform market insights from Trading Central.
Engineered to provide traders with optimal execution speed and unmatched stability, Fondex cTrader is your best bet for fair and efficient trading.
Clients of Fondex are granted one integrated Standard Account with no minimum deposit requirement and full market access, which include the following core advantages:
Access hundreds of strategies for more than 1000 instruments across 7 asset classes.
User reporting tools to rank strategies according to performance and select the most suitable for your circumstances.
sophisticated calculations to keep your exposure at an optimal level for your account.
the integrated platform allows you to combine copying with manual and automated trading, depending on your preferences.
In conclusion, Fondex is a leading, well-rounded broker that offers traders the key advantages of competitive trading fees, advanced trade capabilities, and a well-regulated trading environment.
Fondex Account Types
With Fondex, Traders have access to one integrated Standard Account, which is divided into the following two categories:
Standard Account – The Fondex Standard Account provides traders with access to all Fondex tradable assets. There is no minimum deposit required and the minimum trade size is one micro lot.
Scalping, hedging, and automated trading are all available with the standard account.
Swap-Free Account – This account is designed for Islamic traders, as it does away with interest deductions or overnight payments.
Apart from these swap-free conditions, it is the same as the standard account. To apply for the swap-free account, traders will need to fill out an application form from the website and email it, along with proof of faith, to customer support.
Fondex Account Features
The Fondex Standard Account (and Islamic Account) include the following features:
Trading platform
Fondex
cTrader
Commissions
$2.5 per side per $100k traded volume for Forex, Energies & Precious Metals
$1 per side for 100 Shares & ETFs
0 Commissions for Indices & Cryptocurrencies
Micro Lot Trading
Available for:
Forex, Precious Metals, Energies & Cryptocurrencies
The minimum trade size for Shares and ETFs is 1 Lot (1 Share)
Markets
Forex
Shares
Indices
Precious Metals
Energies
ETFs
Cryptocurrencies
Types of Order Execution
Market, stop, limit, and stop-limit orders
Market Order on Open
Stop Loss and Take Profit orders
Trailing Stop Loss orders
One Cancels the Other
Time of The Day
Good till Day
Fondex Demo Account
The Fondex demo account is a comprehensive test option that is available for free and comes funded with $100 000 in virtual currency. The demo account grants full access to the cTrader platform, where users can test the following features:
Orders are filled in milliseconds without any requotes or price manipulation.
Access transaction statistics, equity charts, and detailed history of your deals for a clear understanding of your performance.
Advanced Take Profit & Stop Loss tools to manage risk and set Price Alerts on your preferred instruments.
Access a wide array of reporting tools and analyze your trades down to the last detail.
Fondex Islamic Account
The Fondex Islamic Account has the same conditions as the Standard Account, except for the fact that it is swap-free. That said, swaps will still be charged on cryptocurrencies within this account.
To request an account with swap-free status, you will have to fill out the swap-free application form and send it to customer support, along with proof of Faith.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
An Islamic Forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Min Deposit USD 0 Regulators CySEC Trading Platform Fondex cTrader Crypto Yes Total Pairs 80 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Fondex Customer Reviews
Please take note, the following Customer Reviews are for Fondex.
This broker became better
Fondex recently became better…. they changed the approach to trading fees…. removed commissions…I’m not sure ’bout spreads but looks like they’ve got a bit wider since commissions were removed…that’s understandable though. pleased overall.
One of the best fx brokers for the ctrader.
It is really cool to have a broker which aimed ctrader trading platform as a primary because it is a very difficult task to find a ctrader broker with an outstanding offer and a wide choice of assets.
At least I’m intrigued
I can’t say anything extraordinary about the broker because I have been trading with it for a bit more than a week. I haven’t tried to withdraw money but intend to do this soon. My main interest is to learn to use the depth of the market feature of cTrader. It’s not easier to use than indicators but I’m trying to do my best. The broker is nice.
Fondex Pros and Cons
| ✔️ Pros | ❌ Cons |
| Access to cTrader platform with advanced automated trading capabilities | A limited number of accepted deposit currencies |
| Access to over 1000 instruments | Low leverage levels |
| Access to Trading Central | No bonus offered |
| Educational resources available for beginners | No professional account options |
| Islamic Account available | No VPS |
| Low commissions | |
| No minimum deposit | |
| Tight spreads | |
| Well-regulated broker | |
Conclusion
Fondex offers one flexible account that accommodates the needs of any type of trader and this account can also be used as a demo account or an Islamic account. Fondexe provides traders with competitive and comprehensive trading conditions
You might also like: Fondex Review
You might also like: Fondex Demo Account – Step by Step
You might also like: Fondex Fees and Spreads
You might also like: Fondex Islamic Account Overview
You might also like: Fondex Minimum Deposit
You might also like: Fondex Sign-up Bonus
Frequently Asked Questions
Trading environment
How many instruments can I trade with Fondex?
Over 1,000 trading assets are available at Fondex. The platform offers access to dozens of forex pairs, including majors, minors, and exotics.
Traders also have further access to 15 major global indices, and over 900 shares, plus metals, energies, cryptocurrencies, and ETFs.
Which platforms are supported by Fondex?
Fondex cTrader.
Does Fondex offer leverage?
Yes. Fondex leverage levels range from 1:2 up to 1:30. This is low compared to other brokers and limits the size of positions that traders can take.
However, this is to be expected as the broker is regulated by CySEC and will therefore adhere to leverage ratio restrictions as per EEA level restrictions.
What spreads can I expect with Fondex?
Spreads as well as the general pricing structure at Fondex are competitive. Spreads start from 0.0 pips while average spreads on the EUR/USD and GBP/USD forex pairs are 0.28 and 0.71 pips, respectively.
Does Fondex charge a commission?
Yes. Fondex has transparent commissions with $2.5 charged per $100k trading volume on FX, metals, and energies. A $1 charge is levied per side of 100 shares and ETFs, while users get zero commissions on indices and cryptocurrencies.
Are there additional charges on the Islamic account?
Yes. Islamic account users are charged an administration fee for stocks.
Is Fondex regulated?
Yes. Fondex is regulated by the Cypress Securities and Exchange Commission (CySEC).
Is Fondex a recommended forex trading broker for experts and beginners?
Yes. Fondex offers an excellent trading environment for both beginner and expert traders.
What is the overall rating out of 10 for Fondex?
9/10.
Accounts
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Fondex offer a demo account?
Yes, Fondex offers a free demo account to all new traders.
For how long is the demo account valid?
The demo account does not appear to expire.
Does Fondex offer the option of an Islamic Account?
Yes.
Which live trading accounts does Fondex offer?
Fondex offers one integrated Standard Account, as well as an Islamic swap-free account.
What are the available deposit currencies for a live Fondex trading account?
With regards to deposit currencies, Fondex accepts various currencies such as EUR, USD, GBP, CAD, CHF, RUB, AED, and many more. However, there are certain smaller currencies, such as ZAR/RAND, which are not accepted.
Deposits and withdrawals
What is the minimum deposit for Fondex?
With Fondex, there is no minimum deposit amount required to register for a broker account. This makes the broker accessible to traders of all levels and investment styles, and particularly for beginner and smaller retail traders.
How do I make a deposit and withdrawal with Fondex?
Fondex has a broad selection of popular deposit methods, which consist of the following:
- Debit & credit cards
- Bank transfer
- PayPal
- Neteller
- Skrill
Does Fondex charge withdrawal fees?
No, but traders should note that their selected payment processor may charge a handling fee that is beyond the broker’s control.
How long does it take to make a withdrawal?
Withdrawal requests are processed by the Fondex team within 24 hours. The withdrawal completion depends on the payment provider that each client uses to complete the transfer.
PayPal is processed the fastest, offering instant withdrawals, while debit/credit cards, bank transfers, Skrill, and Neteller can all take up to 24 hours.
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