MONDFX was founded by Mond Trades Ltd. in 2023, whose minimum deposit is affordable for many customers. However, the absence of regulation has become its biggest disadvantage.Pros and ConsPros Cons Various trading instrumentsNot regulatedLow minimum depositExisted swapping feesLow spreadsLack of transparencyIs MONDFX Legit? MONDFX is not regulated in Saint Lucia by National Financial Services Commission (NFSC). Itowned and operated by Mond Trades Ltd., and the company's registration number is 2024-00109.What Can I Trade on MONDFX? MONDFX offers over 800 trading assets, including 300+ FX currency pairs, metals, indices, stocks, cryptos and commodities.Tradable Instruments Supported Forex✔Metals✔Indices✔Stocks✔Cryptocurrencies✔Commodities✔Options❌Account Type & Leverage MONDFX offers five account types, including Nano, Standard, Ecn, Pro Ecn and Islamic. NANO account and STANDARD account are suitable for beginners. ECN account is popular with most traders. Pro ECN account is a good choice for professional traders. Islamic accounts are suitable for institutional traders.Account Type Minimum Deposit Swap Leverage NANO$15✔1:500STANDARD$15✔1:500ECN$200✔1:500PRO ECN$500✔1:500ISLAMIC$1000❌1:100 MONDFX Fees (Spreads & Commissions)Account Type SpreadCommissionNANOnormal✔STANDARDnormal✔ECNnormal❌PRO ECNlow✔ISLAMIClow✔ Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Windows and AndroidExperienced tradersDeposit and WithdrawalDeposit OptionsDeposit Options Min. DepositProcessing Time MasterCard$15InstantlyVisa card$15Instantlydigital currencies$15Instantlydollars, euros, dirhams and liras$15InstantlyWithdrawal OptionsWithdrawal Options Min. Withdrawal Processing Time MasterCardNot mentioneda few minutes to a maximum of 48 hoursVisa cardNot mentioneda few minutes to a maximum of 48 hoursdigital currenciesNot mentioneda few minutes to a maximum of 48 hoursdollars, euros, dirhams and lirasNot mentioneda few minutes to a maximum of 48 hoursCustomer Service Contact Options DetailsPhone(+44) 7378 555 017(+44) 7441 922 091Emailinfo@mondfx.comSupport Ticket System❌Online Chat7/24Social MediaInstagram, Telegram, YouTube, Twitter, LinkedInSupported LanguageEnglish, FarsiWebsite LanguageEnglish, FarsiPhysical AddressNo405, HMF AL ZAROONI Building, Musalla Road, Alkhaleej St, Dubai, United Arab EmiratesThe Bottom Line With low deposits, MONDFX provides its customers with a diversified investment environment. However, without regulation and withdrawing customers' funds could be difficult due to the multiple fees.FAQs Is MONDFX safe? No, due to the absence of regulation, MONDFX carries many financial and legal risks. Is MONDFX good for day trading? No, the withdrawal processing time always needs a few minutes to a maximum of 48 hours according to the size of trading. Does MONDFX truly offer commission-free trading? Yes, but only the ECN account is commission-free.