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FXOpen vs Fondex

FXOpen vs Fondex Comparison Table 2023
FXOpen Fondex
Review
3.7
Review
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.

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

76.80% 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.
Pros
  • Demo account
  • MT4 integration
  • Strong regulatory oversight
  • Multiple payment methods
  • Bonuses & trading contests
  • Full range of investments
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
Cons
  • Inactivity fee
Awards
  • Best ECN Broker 2012 - Masterforex-V
  • Best Forex Broker in Australasia 2011 - World Finance Magazine
  • Best Islamic Forex Broker 2011 - IB Times Trading Awards
  • Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
  • Best Trading Platform 2010 - Falcon Awards
  • Best Technology Corporate Leadership, 2019
  • Best FX Trading Platform, 2018
  • Best Trade Execution, 2018
  • Best Partner Program, 2017
  • Best Retail Platform, 2017
Instruments
Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$1 Global, £300 UK $0
Payment Methods
Minimum Trade
0.01 Lot 0.01 lots
Regulator
FCA, CySEC, ASIC FSA, CySEC
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android Yes
Auto Trading
Yes (EAs) Yes - cBots available
Copy Trading
Yes Yes
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported. Fondex offers a top-rated copy trading solution where beginners can mirror the buy and sell positions of experienced investors.
Social Trading
Yes No
Trade Signals
Yes Yes
VPS Hosting
Yes No
Tournaments
Yes No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads Fondex offers leveraged CFDs on a wide range of popular financial markets.
Leverage
1:30 - 1:500 (varies by trading entity) 1:30
FTSE Spread
0.8 1.4
GBPUSD Spread<
0.2 0.71
Oil Spread
4.0 6.71
Stocks Spread
N/A Start from 0.01
Forex Trading
Trade major, minor & emerging forex pairs with 1:30 leverage Fondex offers trading opportunities on 80 currency pairs, including majors.
GBPUSD Spread
0.2 0.71
EURUSD Spread
0.2 0.28
EURGBP Spread
0.2 0.7
Assets
50+ 80+
Cryptocurrency
Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK). Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
76.80% 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.
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