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    FONDEX: FONDEX-Overview Guide of This Broker

    Abstract:Founded in 2011, FONDEX is an online Forex and CFD broker currently regulated by the Cyprus Securities and Exchange Commission (Regulatory Number: 138/11).

      General Information & Regulation

      Founded in 2011, FONDEX is an online Forex and CFD broker. Fondex™ is a tradename of TopFX Ltd with registration number HE 274180, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11, VAT 10274180P in accordance with the Markets in Financial Instruments Directive (MiFID II).

      Market Instruments

      Investors can trade over 80 currency pairs, 900+ global stocks, crude oil and natural gas, 15 major indices, precious metals, and exchange-traded funds on the FONDEX platform.

      Minimum Deposit

      FONDEX offer a single trading account for all investors, and it requires no minimum deposit, which sounds a good option for new traders to have a try.

      Leverage

      The maximum leverage available is up to 1:500 for major currency pairs in Forex, 1:100 for precious metals, energy, and indices, 1:20 for CFDs on stocks, 1:10 for exchange-traded funds 1:30 for cryptocurrencies.

      Spreads & Commissions

      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. Commissions are $2.50 per USD 100,000 for Forex, $0.01 per share (min. $1) for equities, $2.50 per USD 100,000 for crude oil and natural gas, $2.50 per USD 100,000 for metals and $0.01 per share (min. $1) for exchange-traded funds.

      Trading Platform

      Fondex cTrader can execute orders within milliseconds, and traders can make informed decisions using trading central's intelligent market analysis tools, real-time sentiment data, and in-platform market insights, easy to use & navigate. Fondex cTrader is built with the needs of real traders in mind, and the trading platform has over 70 built-in technical indicators, 26 timelines, and 4 chart types to provide traders with a superior trading environment.

      Deposit & Withdrawal

      FONDEX offers traders a wide range of deposit and withdrawal channels, mainly VISA, MasterCard, Maestro (for all currencies), SEPA Wire (for EUR), WebMoney (for EUR, USD), B2B in PAY (for Bitcoin, Litecoin, Bitcoin Cash and Ether), PayTrust (for THB, VND, MYR, and IDR), PayMero (for THB, VND, MYR, and CNY), EPS (for THB), no fees for incoming and outgoing deposits.

      Trading Hours

      Fondex trading hours follow standard market opening and closing times. So forex trading hours open at 22:00 GMT Sunday through to 22:00 GMT Friday. Metals operate from 23:00 GMT Sunday through to 22:00 GMT Friday. Stock indices and shares follow the opening times of their respective market operating hours.

      Customer Support

      Customer support is based in Cyprus, offering business hours support in a range of languages, available in English, French, Russian, Greek and Arabic 24/5 via online chat box and telephone support – +357 25028079.

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    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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