Fondex Review 2021

Analysis of the Main Features of the Forex Broker

3.15

Overall rating

2.94

/10

Execution of orders

3.36

/10

Investment instruments

3

/10

Withdrawal speed

3.3

/10

Customer Support work

2.78

/10

Variety of instruments

3.52

/10

Trading platform

159

Position
in rating

159

Position in rating

3.15/10
Overall rating

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of Fondex Trading Company

Fondex Global Limited is an independent company incorporated and registered under the laws of Bermuda with reg. Number 54010. Fondex is a perfect broker of choice for those aiming to manage a well-diversified portfolio of investment products. The company gives customers access to more than 1000 instruments across 7 asset types. Fondex is committed to offering customers excellent trading services, and at the same time adheres to the principles of fidelity and reliability.

Attention!

We work exclusively with the accounts opened through Traders Union.

Fondex Latest Comments 2021

0
3
0

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Fondex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

You shouldn't choose Fondex for trading. Not only do they take a commission for a trading turnover of 100 thousand, in addition to the spread, but they also constantly arrange problems in the form of requotes and slippages. I ask support why requotes in a calm market, they say, this is the realities of the market. Because of these "realities", I lost more than $ 1,300 in a loss.

I can't say anything good about Fondex. The website says that the spreads are zero. But this is not true. Spreads are present, and quite large. For major currency pairs, they can be from 4 to 10 points. This is very important when trading. There is nothing to say about cryptocurrency. But the biggest problem is canceling deals. I had four winning trades canceled in just a week. Support completely ignores this topic.

Applied for withdrawal of $ 1780. The Fondex financial service has sent a notification to the mail that the application has been received and is being processed. On the same day, the money was debited from the account. According to the regulations on financial transactions, the withdrawal is carried out within 5 days. But more than two weeks have passed, and the money has not arrived. All subsequent requests are completely ignored. I am already starting to worry about whether they will be taken out.

Analysis of the Main Features of the Forex Broker

3.15

Overall rating

2.94

/10

Execution of orders

3.36

/10

Investment instruments

3

/10

Withdrawal speed

3.3

/10

Customer Support work

2.78

/10

Variety of instruments

3.52

/10

Trading platform

Dynamics of the Popularity of Fondex
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Geographic Distribution of Fondex Traders

Trading Conditions for Fondex Users

Trading platform: Fondex cTrader
Accounts: Fondex Trading Account
Account currency: AUD, CAD, CHF, EUR, GBP, JPY, PLN, USD, THB
Replenishment / Withdrawal: Bank Transfer, Online Bank Transfer
Minimum deposit: 250 USD
Leverage: 1:500
PAMM-accounts: Yes
Min Order: 0.01
Spread: from 0,0 p
Instruments: Forex, Indices, Shares, Precious Metals, Energies, ETFs, Cryptocurrencies
Margin call/Stop Out: 50/5%
Liquidity provider: No
Mobile trading: Mobile Platforms
Affiliate program: Yes
Orders execution: Market Execution
Trading features: No
Contests and bonuses: 100% first deposit bonus

Comparison of Fondex with other Brokers

Fondex FxPro XM Group Admiral Markets UK AvaTrade FXTM
Trading
platform
Fondex cTrader MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MT4, MT5, MobileTrading, WebTrader
Min deposit $250 $100 $5 $200 $100 $1
Leverage From 1:1
to 1:500
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:1
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points From 0 points
Level of margin call
/ stop out
50%  /  5% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10% 40%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution Market Execution, Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes Yes

Broker comparison table of trading instruments

Fondex FxPro XM Group Admiral Markets UK AvaTrade FXTM
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes No
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock No Yes Yes Yes Yes Yes
ETF Yes No No Yes No No
Options No No No No No No

Contacts

Registration address 5th Floor Andrews Place, 51 Church Street - HM 12 Hamilton - Bermuda
Regulation
Contacts

Tags:

Fondex

The Oldest Reviews of the Fondex

The reviews by customers of the Fondex indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Fondex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Applied for withdrawal of $ 1780. The Fondex financial service has sent a notification to the mail that the application has been received and is being processed. On the same day, the money was debited from the account. According to the regulations on financial transactions, the withdrawal is carried out within 5 days. But more than two weeks have passed, and the money has not arrived. All subsequent requests are completely ignored. I am already starting to worry about whether they will be taken out.

I can't say anything good about Fondex. The website says that the spreads are zero. But this is not true. Spreads are present, and quite large. For major currency pairs, they can be from 4 to 10 points. This is very important when trading. There is nothing to say about cryptocurrency. But the biggest problem is canceling deals. I had four winning trades canceled in just a week. Support completely ignores this topic.

You shouldn't choose Fondex for trading. Not only do they take a commission for a trading turnover of 100 thousand, in addition to the spread, but they also constantly arrange problems in the form of requotes and slippages. I ask support why requotes in a calm market, they say, this is the realities of the market. Because of these "realities", I lost more than $ 1,300 in a loss.

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FAQs

Do reviews by traders influence the Fondex rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Fondex you need to go to the broker's profile.

How to leave a review about Fondex on the Traders Union website?

To leave a review about Fondex, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Fondex on a non-Traders Union client?

Anyone can leave feedback about Fondex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Fondex through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.