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Fondex
Fondex is a reputable forex broker that offers the cTrader forex trading platform, providing traders with a wide range of investment and trading options. With over 80 forex currency pairs, indices, shares, energies, CFDs, ETFs, gold, silver, bitcoin, and other cryptocurrencies, Fondex ensures that traders have access to diverse financial instruments. Established in 2017, Fondex has quickly gained recognition in the industry and is regulated by CySEC (#138/11) and FSA-S (#8424819-1). The company's headquarters are located in Limassol, Cyprus. Fondex's trading conditions are favorable for various trading strategies, including EAs/Robots, news trading, and scalping. Additionally, the platform offers managed accounts and copy trading services. Deposits and withdrawals can be made through various methods, including bank wire, credit cards, e-wallets, and online payment systems. Fondex's commitment to providing a reliable and user-friendly trading experience makes it a preferred choice for traders seeking professionalism and a wide range of trading opportunities.
Broker Details
- Minimum Trade Size: 0.01
- Maximum Leverage: 500:1
- Minimum to Open Live Account: $0
- Established: 2017
- Address: 3rd Floor, Stratigou Gianni Timagia 19, Limassol, 3107, Cyprus
- Contact: support@fondex.com, 35725028079
- Regulators: CySEC #138/11, FSA-S #8424819-1
- Prohibited countries: None specified
- Trading platforms: cTrader
- Web Trading: ✓ Yes
- Mobile Trading: ✓ Yes
- Currencies: 80 trading instruments
- Cryptocurrencies: 10 including Bitcoin, Litecoin, and Ethereum
- CFD: 1000 including Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, and Other Commodities
- Trading Conditions: EAs/Robots: ✓ Yes, News Trading: ✓ Yes, Scalping: ✓ Yes
- Managed Accounts & Social Trading: Copy Trading: ✓ Yes
- Deposit Methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Giropay, Maestro, Multibanco, Neosurf, Neteller, PayPal, PaySafe Card, Poli, Przelewy24, Qiwi, Skrill, SOFORT, WebMoney, Yandex Money
- Withdrawal Methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Giropay, Maestro, Multibanco, Neosurf, Neteller, PayPal, PaySafe Card, Poli, Przelewy24, Qiwi, Skrill, SOFORT, WebMoney, Yandex Money
Pros and Cons
Pros:
- Fondex offers a wide range of trading options, including forex currency pairs, indices, shares, energies, CFDs, ETFs, gold, silver, bitcoin, and other cryptocurrencies.
- The cTrader trading platform provides a user-friendly and efficient trading experience.
- High maximum leverage of 500:1 allows for potential higher profits.
- Availability of various deposit and withdrawal methods, including popular options like VISA, MasterCard, and PayPal.
- Allows EAs/Robots, News Trading, and Scalping.
- Copy Trading feature is available for those who prefer a more hands-off approach.
Cons:
- Limited information provided about regional offices and prohibited countries.
- No specific details mentioned about trading conditions, such as spreads and commissions.
Is Fondex a Scammer or Not?
Based on the available information, there is no evidence to suggest that Fondex is a scam. The broker is regulated by CySEC and FSA-S, which adds credibility to its operations. However, it is always recommended to conduct thorough research and exercise caution when dealing with any financial institution.Safety Check
Fondex prioritizes the safety and security of its clients' funds. The broker offers segregated client accounts, which ensures that clients' funds are kept separate from the company's operational funds. Additionally, Fondex utilizes advanced encryption technology to protect sensitive data and transactions.Client Feedback
We encourage users to share their live trading experiences with Fondex on the forexroboteasy.com website. This platform allows traders to provide independent feedback and reviews about their experiences with various forex brokers, including Fondex. Overall, Fondex is a professional forex broker that offers a diverse range of trading options and a user-friendly trading platform. While there are some areas where additional information could be provided, the broker's regulatory status and commitment to client fund safety contribute to its credibility. Traders should conduct their own research and consider their individual trading needs before choosing a forex broker.forexroboteasy.com
1 review
Are you familiar with the term 'scalping' in the world of Forex trading? It is an intriguing strategy that entails the rapid opening and closing of a position, all within a matter of seconds. Fondex offers a scalping strategy that is specifically designed with an impressive 120-second minimum time interval between the opening and closing of trades, aligning with the ultra-fast-paced nature of the Forex market. This defining feature was unequivocally stated in the company's Terms of Business Vs 4 released on August 2018, on page 6, highlighting the efficiency of their trade execution. Despite all this, one can't turn a blind eye to a significant concern. The overwhelming number of 'regulated' CySEC market makers like TopFX could potentially be a red flag to traders. The main issue at hand here is the perception that these types of organizations are mere bucket shops, adding an unwelcome and controversial dimension to an otherwise promising platform. This connotation alone can depict these entities in a negative light and may prompt traders to think twice before diving in headfirst. The Forex trading landscape is littered with institutions that flaunt their regulated status, however, the reality may not always live up to the hype. Hence, it's always prudent for traders to thoroughly inspect the credibility and authenticity of such organizations before entrusting them with their hard-earned money. As the saying goes, 'All that glitters is not gold', and this could not apply more accurately in the fluctuating, unpredictable realm of Forex trading. In conclusion, while Fondex's speedy scalping strategy is a definite boon for those seeking rapid trade execution within 120 seconds, a discerning eye towards market makers is advised to ensure a sound, profitable, and safe investment environment.
1 review
There has been a remarkable shift in the world of trading with the advent of 'scalping', a unique trading strategy that depicts the sheer power of fast-paced decision making. Fondex has visibly advanced this concept with the launch of its own Scalping Strategy with a 120-second timeframe for executing quick trades. Translated into simple terms, 'scalping' is a trading technique that anchors on the opening and closing of a trade within seconds. The fundamental characteristic that sets it apart is its concise time constraint, a short-lived yet highly electrifying interval. The 120-second rule by Fondex makes a minimum time interval between opening and closing trades, converting it into a rapid-fire trading experience. This change has been officially documented in the Terms of Business Vs 4 of August 2018, on page 6. It illustrates how Fondex is setting the stage for high-speed trading dynamics, ensuring a thrilling encounter for those with a taste for swift trading dealings. However, the world of trading is not without its critics. A selection of traders have aired their grievances regarding what they call as 'regulated' (CySEC) market makers such as TopFX, describing them as a 'ridiculous bucket shop.' It brings to attention questions of regulation, fairness, and transparency within the fast-paced environment. While every new development has its own pros and cons, it's apparent that Fondex's 120-Second Scalping Strategy is a game-changer, offering a unique blend of urgency and excitement. There is an intriguing mix of thrill and challenge embedded in the trade framework, making it an engaging endeavor for those who are up to the test. Everyone with a penchant for speedy deals should definitely give this enticing strategy a spin.