Fondex Review 2021

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83.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Fondex Facts & Figures

Fondex is an award-winning forex and CFD broker with industry low trading costs

• Best Technology Corporate Leadership, 2019
• Best FX Trading Platform, 2018
• Best Trade Execution, 2018
• Best Partner Program, 2017
• Best Retail Platform, 2017
InstrumentsForex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies
Demo AccountYes
Min. Deposit$0
Payment MethodsNeteller, PayPal, Skrill
Min. Trade0.01 lots
Regulated ByFSA, CySEC
MetaTrader 4No
MetaTrader 5No
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Auto TradingYes - cBots available
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountYes
FTSE Spread1.4
GBPUSD Spread0.71
Oil Spread6.71
Stocks SpreadStart from 0.01
GBPUSD Spread0.71
EURUSD Spread0.28
EURGBP Spread0.7
83.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fondex is a global forex and CFD broker based in Cyprus. Spreads start from 0.0 pips with volume discounts and the powerful cTrader platform are available. This review of Fondex will unpack account types, mobile apps, demo accounts, and more.

Fondex Overview

Fondex Limited is a trading name of TopFX Ltd, a Cyprus-registered global investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.

Since opening in 2011, the broker has picked up multiple awards and recognition for its straight-talking platform and low trading costs.

Trading Platform

Fondex uses the globally recognised cTrader platform. The downloadable and web-accessible software is a great all-round system, meeting the needs of beginners and experienced traders.

cTrader has over 70 indicators, 26 time frames, and four different charts. Multiple types of order execution are available:

Fondex trading platform
Fondex trading platform

Signals are available from Trading Central and Autochartist. Automated trading is also available through cBots, allowing tried and tested strategies to be put on autopilot. In addition, sophisticated risk management tools allow traders to keep a handle on profits and losses.

The only downside is that for traders uncomfortable with cTrader, there aren’t any alternatives available. Overall though, cTrader is a robust and reliable trading platform.


Over 1,000 trading assets are available at Fondex. The platform provides access to dozens of forex pairs, including majors, minors and exotics.

Also available are 15 major global indices, over 900 shares, plus metals, energies, cryptocurrencies, and ETFs.

Spreads & Commissions

Spreads and trading fees at Fondex are very reasonable. 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.

Fondex commissions are transparent 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.

Overall, Fondex ranks highly among our broker reviews for low trading costs.


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.

On the plus side, more conservative leverage can help keep a handle on losses and reduces the risk exposure for new traders.

Mobile Apps

A fully functional Fondex cTrader app is available to download from the Apple App Store for iOS devices and Google Play for Android devices. The mobile app offers the same portfolio of assets and markets as the desktop platform.

Fondex mobile app trading platform
Fondex mobile app

Over 60 mobile indicators are available plus five chart types, including candlesticks, bar charts, and line charts.

A market sentiment indicator offers a view into how others are trading while symbol watchlists allow traders to save their favourite symbols.

In addition, price alerts can be set up to receive notifications when predetermined price levels are hit. Responsive one-tap trading is also available. Finally, the mobile app offers detailed performance statistics so you can review strategies.

Fondex Payment Methods

Fondex offers a decent selection of deposit and withdrawal methods:

Deposits are processed instantly and incur zero fees. There is also no minimum deposit requirement, which is great for new traders.

For withdrawals, you can use any of the deposit payment options. PayPal is the fastest, offering instant withdrawals, while debit/credit cards, bank transfer, Skrill and Neteller can all take up to 24 hours. There are no withdrawal fees at Fondex.

Overall, this review is impressed with the range of payment options, the speed of payment processing, and the zero fees.

Demo Account

The Fondex demo account comes with 100k virtual money and lets you test the cTrader platform using real-time market data. Select ‘Try a free demo’ from the top-right of the broker’s website, enter your email address and telephone number, choose a password, select your country of origin, and then you’re good to go.

Deals & Promotions

Fondex does fall short when it comes to sign-up bonuses and promotions, with no offers available at the time of writing. This is in part because of restrictions from the European Securities and Markets Authority (ESMA). Still, welcome bonuses can be found on other sites and act as an excellent incentive for new traders.

Regulation & Licensing

Fondex is regulated by the Cyprus Securities and Exchange Commission (CySEC) who are overseen by the European Securities and Markets Authority (ESMA).

As a result, the broker is regularly audited, provides its clients with negative balance protection and is signed up to the Investor Compensation Fund.

Also, under licensing conditions, the broker keeps client funds in segregated accounts with Tier-1 banks.

Overall, this review is satisfied Fondex is a trustworthy broker with no known regulatory violations as of 2021.

Additional Features

Fondex does offer some useful additional features. The website has Market News and Educational Articles sections which provide users with extra market insights. However, the quality and depth of content are limited.

Copy Trading

Copy trading allows users to copy the strategies of high performing traders. It can be a great option for beginners starting out and for traders tight on time. Hundreds of strategies are available and analysis tools help you to find a strategy that will meet your investment goals. In turn, profitable strategies can be offered to other users to bring in extra revenue.

Fondex copy trading top performers
Fondex copy trading

Account Types

Two different account types are available at Fondex:

Note, both accounts are a hybrid execution model of ECN/STP, combining fast execution with flexible spreads.


There are several advantages to trading with Fondex:


Drawbacks to opening an account with Fondex include:

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

Fondex customer support is available in English, French, Russian, Greek and Arabic 24/5 via:

We’d recommend live chat as the first point of contact. During testing for this review, the wait time for chat support was less than a couple of minutes and representatives were able to answer most product and platform queries.

To keep up with the latest Fondex news, you can also find the broker on social media:


Fondex uses industry-standard security protocols to keep client data secure, including 512-bit encrypted transactions. This coupled with the segregation of client funds and regulatory compliance with the CySEC means we’re satisfied they are secure.

Fondex Verdict

This is an all-round broker, offering a wide range of assets, very low trading fees, and an excellent platform. As this review has indicated, Fondex is particularly good for beginners, with no minimum deposit requirements, a straightforward standard account and copy trading available.

Accepted Countries

Fondex accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Fondex from United States, Canada, Korea, Iran, Belgium, Japan.

Alternatives to Fondex

If you are looking for alternatives to Fondex we have compiled a list of the top 5 brokers that are similar to Fondex below. This list of brokers like Fondex is in order of similarity and only includes companies that accept traders from your location.

  1. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
  4. – boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  5. Rockfort Markets – Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.


How can I start trading with a live Fondex account?

To open a live trading account with Fondex, select the ‘Start trading now’ box in the top-right hand corner of the broker’s website.

Enter some basic contact details and upload identification for verification. Once processed, your account will be activated and you’ll receive login credentials.

Is Fondex regulated?

Yes – Fondex is a trading name of TopFX Ltd and is licensed with the Cyprus Securities and Exchange Commission (CySEC). The broker’s license number is 138/11.

Is there a minimum deposit to start trading with Fondex?

There is no minimum deposit requirement at Fondex. This makes it an excellent broker for novice traders starting out.

Can I copy trade with Fondex?

Yes – you can access the copy system from within the cTrader platform. It’s available from the left-hand side of the main platform interface. From there, users can copy the trades and strategies of successful traders.

Can I lose more than my deposit trading with Fondex?

No – Fondex uses negative balance protection so traders cannot lose more than their initial deposit.

Fondex is an award-winning forex and CFD broker with industry low trading costs
83.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fondex vs Other Brokers

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