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/10

FONDEX

Seychelles|5-10 years|
cTrader|High potential risk|

https://fondex.com/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

United States 6.86

Surpassed 91.19% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@fondex.vn
https://fondex.com/
https://www.facebook.com/fondexglobal/
https://www.linkedin.com/company/11328834/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

Other ways of contact

Broker Information

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Company Name

Fondex Limited

Abbreviation

FONDEX

Platform registered country and region

Seychelles

Company website
Facebook
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YouTube
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-07-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 138/11) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The SeychellesFSA regulation (license number: SD037) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD037 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

FONDEX · WikiFX Survey

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FONDEX · Company Summary

Registered Country Seychelles
Regulation A cloned broker
Minimum Deposit $1
Maximum Leverage 1:500
Trading Platform Fondex cTrader
Demo Account Not available
Trading assets Forex, Shares, Indices, Precious Metals, Energies, ETFs, Cryptocurrencies
Payment Methods Wire Transfer, e-Wallets, Credit/Debits Cards
Customer support Telephone: +248 467 1987 Email: support@fondex,com.scsupport@fondex.vn

General Information

This Fondex claims that it is an online forex broker registered in Seychelles, offering its clients a series of trading instruments covering Forex, Shares, Indices, Precious Metals, Energies, ETFs, Cryptocurrencies, and the maximum trading leverage that can be used is up to 1:500.

Regulation

This Fondex is the tradename of Fondex Limited. And this broker said it holds a license authorized by CYSEC, and a license authorized by FSA. However, Fondexs regulation is totally fake when we check the detailed regulatory information.

In the following regulatory license, it is clearly showing that Licensed institution is Topfx Ltd, and website of licensed institution is www.topfx.com, which has nothing to do with this Fondex.

regulation

The same condition with the second license it allegedly holds. Although the licensed institution is Fondex Limited, the websites of licensed institution listed are http://www.fondex.com.sc/, http://www.topfx.com.sc/, also having nothing to do with this Fondexs website: https://fondex.com/en/. Please take care to distinguish.

regulation

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.

leverage

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.

trading-platform

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.

Pros & Cons

Pros Cons
None No regulation
Fake broker
Fake official website
Weak trading platform
Poor customer support

Frequently Asked Questions

Is This Fondex regulated?

No, this Fondex broker is just a cloned broker which pretends to be regulated.

What trading instruments does Fondex offer?

Fondex offers over 80 currency pairs, 900 global stocks, crude oil and natural gas, 15 major indices, precious metals, as well as ETFs.

What is the minimum deposit required by Fondex?

Fondex requires no minimum deposit to get started.

News

WIKIFX REPORT: 2022 Fintech Awards Spotlight: Fondex.pro, Award Nomination Announced

NewsWIKIFX REPORT: 2022 Fintech Awards Spotlight: Fondex.pro, Award Nomination Announced

2022-07-29 13:42

In November, Benzinga, a media and data provider bridging the gap between retail and institutional investors, will be holding its annual Benzinga Global Fintech Awards, a day of virtual dealmaking, networking, and recognition in the financial technology space.

WikiFX
2022-07-29 13:42
News
WIKIFX REPORT: 2022 Fintech Awards Spotlight: Fondex.pro, Award Nomination Announced
Gold Steady Amid Ukraine Crisis and Potential Fed Rate Hikes

NewsGold Steady Amid Ukraine Crisis and Potential Fed Rate Hikes

2022-03-29 11:07

Gold prices remained steady on Wednesday as worries about the Ukraine crisis push demand for safe-haven assets, and Fed officials calls for sharper interest rate hikes aimed at keeping inflation in check

WikiFX
2022-03-29 11:07
News
Gold Steady Amid Ukraine Crisis and Potential Fed Rate Hikes

Review 6

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