Fondex Forex Broker

Note: Fondex's official website: https://fondex.pro/en is currently inaccessible normal.FondexReview SummaryFounded2020Registered Country/RegionAnguillaRegulationUnregulatedMarket Instruments600+, Forex, Shares, Indices, Precious Metals, Energies, ETFs, CryptocurrenciesDemo Account/LeverageUp to 1:100Spread0.5 pipsTrading PlatformcTraderMin Deposit$250Customer SupportEmail: support@fondex.proSocial Media: Facebook, Instagram, Youtube, LinkedinFondex Information Established in 2017 and headquartered in Hamilton, Fondex is a multi-asset online brokerage offering Contract for Difference (CFD) trading across various asset classes. Fondex provides traders with access to over 600 instruments, including forex, cryptocurrencies, stocks, indices, commodities, ETFs, and precious metals.Pros & ConsProsConsMultiple market instrumentsUnregulatedSwap-free account availableHigh minimum deposit requirementcTrader offeredUnfunctional WebsiteIs Fondex Legit? Fondex is not an unregulated platform, which makes it risky to trade on this platform.What Can I Trade on Fondex? Fondex offers traders access to a diverse portfolio of 600+ trading instruments across multiple asset classes, including forex, cryptocurrencies, stocks, indices, commodities, ETFs, and precious metals.Trading AssetAvailableforex✔metals✔ETFs✔indices✔energies✔stocks /shares✔cryptocurrencies✔commodities❌options❌funds❌ETFs❌Account Types Fondex provides several account options tailored to different trading styles.Standard Account: Minimum deposit of $250, offering spreads starting from 0.5 pips.Professional Account: Designed for experienced traders, with reduced commissions.Crypto Account: Focused on cryptocurrency trading.Investor Account (Prop): For active investors, including those engaging in pattern day trading (PDT) strategies. The broker also offers swap-free accounts upon request, which is for traders who require Islamic trading conditions.Leverage The leverage varies on this platform based on the account levels. For a standard account, the leverage is up to 1:30; meanwhile, the leverage is higher when it comes to a professional account. For a crypto account, the leverage could be up to t.Trading Platform Fondex utilizes the cTrader platform, which is known for its user-friendly interface and advanced trading features. The platform supports manual trading, automated trading via cBots, and copy trading functionalities.Trading PlatformSupported Available Devices Suitable for cTrader✔Desktop/MT5❌Desktop, Mobile, WebExperienced traderMT4❌Desktop, Mobile, WebBeginnerTrading View❌Desktop, Mobile, Tablets, WebBeginnerDeposit and Withdrawal Fondex supports various funding and withdrawal methods, including:Bank Wire TransfersCredit/Debit CardsE-wallets: PayPal, Neteller, Skrill