MONDFX Forex Broker

MONDFX Review SummaryFounded2020Registered Country/RegionSaint LuciaRegulationFSRA (Offshore regulation)Market InstrumentsForex, Metals, Indices, Stocks, Cryptocurrencies, CommoditiesDemo Account/LeverageUp to 1:500SpreadStarting from 0 pipsTrading PlatformMT5Minimum Deposit$30Customer Support24/7 live chatTel: (+44) 7378 555 017, (+44) 7441 922 091, (+971) 559 846 368Email: info@mondfx.comMONDFX Information MONDFX, regulated offshore by the FSRA in Saint Lucia, is a broker that provides trading across diverse market instruments including forex, metals, indices, stocks, cryptocurrencies, and commodities. It offers leverage up to 1:500 with spreads starting from 0 pips, operating on the MT5 trading platform with a minimum deposit of $30.Pros and ConsPros Cons Supports Meta Trader 5Limited current deposit methodsMultiple account typesOffshore regulation concerns24/7 live chat supportIs MONDFX Legit? MONDFX is officially licensed and offshoreregulated by the Financial Services Regulatory Authority (FSRA) in Saint Lucia under license number 2024-00109.Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.Financial Services Regulatory Authority (FSRA)Offshore RegulatedSaint LuciaBusiness Registration2024-00109What Can I Trade on MONDFX? MONDFX offers trading across various instruments including Forex (over 300 currency pairs), Metals (CFDs on precious metals), Indices (CFDs on popular indices), Stocks (leveraged products on thousands of global shares), Cryptocurrencies (over 150 trading symbols with low spreads), and Commodities (CFDs on energies like oil and gas).Tradable Instruments Supported Forex✔Metals✔Indices✔Stocks✔Cryptocurrencies✔Commodities✔Bonds❌Options❌ETFs❌Account Type MONDFX offers seven types of accounts:Account TypeMinimum DepositMaximum LeverageSwapSpreadCommissionCrypto$5001:200✔Low✔Islamic$1,0001:100✘✔Expert$5001:300✔Normal✔Pro ECN$5001:500✔Low✔ECN$100✔Normal✘Standard$15✔✔Nano$15✔✔Leverage MONDFX offers high leverage of up to 1:500. Note that high leverage can amplify not only profits but also losses. MONDFX Fees MONDFX offers competitive spreads, with some accounts featuring low spreads and others normal spreads. Commission is generally applied across most account types, while swap fees are common, except for the Islamic account, which is swap-free.Account TypeSwapCommissionSpreadCrypto✔✔LowIslamic✘✔Expert✔✔NormalPro ECN✔✔LowECN✔✘NormalStandard✔✔Nano✔✔Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Windows, Android, Mac, IosExperienced tradersMT4❌/BeginnersDeposit and Withdrawal MONDFX allows deposits ranging from $15 to $100,000 and withdrawals from $15 to $10,000. Currently, deposits are accepted via Cryptocurrency (USDT on TRC20 Network).