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Regarding the legitimacy of FONDEX forex brokers, it provides a comprehensive investigation into the security aspects of regulatory CYSEC,FSA, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Business

Field Survey Good

License

FSA Suspicious Clone

Is FONDEX safe?

The regulatory license is the strongest proof.

MM

CYSEC Market Making(MM) 22

Cyprus Securities and Exchange Commission

Cyprus Securities and Exchange Commission

Regulatory Agencies Introduction
  • Current Status:

    Suspicious Clone
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    Topfx Ltd Topfx Ltd
  • Effective Date:

    2011-04-19
  • Email Address of Licensed Institution:

    info@topfx.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    www.topfx.com
  • Expiration Time:

    --
  • Address of Licensed Institution:

    KSENOS BUILDING, Office No.502, Troodous 2, Agios Athanasios, 4105, Limassol, Cyprus
  • Phone Number of Licensed Institution:

    +357 25 352 244
  • Licensed Institution Certified Documents:

11 name
Retail FX

FSA Retail Forex License

The Seychelles Financial Services Authority

The Seychelles Financial Services Authority

Regulatory Agencies Introduction
  • Current Status:

    Suspicious Clone
  • License Type:

    Retail Forex License
  • Licensed Institution:

    TopFX Global Ltd TopFX Global Ltd
  • Effective Date:

    --
  • Email Address of Licensed Institution:

    compliance@topfx.com.sc
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    https://www.topfx.com.sc/
  • Expiration Time:

    --
  • Address of Licensed Institution:

    Office No. A18D, Providence Complex Building, Providence, Mahe Seychelles
  • Phone Number of Licensed Institution:

    +2484374705
  • Licensed Institution Certified Documents:

11 name

Is FONDEX a scam, or is it legit?

The latest exposure and evaluation content of FONDEX brokers.

Fondex and CEO manipulated my account and charged more spread/markups
They simply manipulated my account settings and increased the spread/markup 7 times more and even more when open a position. I noticed these changes and sent to Angelo ( X sales manager ) and he replied that the CEO is behind that because he is scared of the way i trade and make profits ( $1000 to $175000 in 3 days ).And in one trade i noticed that they deduct $15000 added to loss when i opened a new position because of the changes they made to my account and because ctrader system don't report the spread but report only commission in the position details.They told me to take the remaining money and not to trade with them again but even after i lost the remaining balance in another position.I tried to negotiate with them to take the extra spread they take from me but they refused.Domain fondex.com will forward you to fondex.com.sc if you are global customer ( It means Fondex.com owner he is the same owner of fondex.com.schttps://fsaseychelles.sc/regulated-entities/capital-markets - Mr. alexandros zisis katsaros as Securities Dealer accredited with Fondex Limited and he is the Group Chief Executive Officer - TOPFX LTD and Fondex ( https://cy.linkedin.com/in/akatsaros ).
Fondex and TopFX scam - you are not allowed to make more profits
They simply manipulated my account settings and increased the spread/markup 7 times more and even more when open a position. I noticed that and sent to Angelo ( X sales manager ) and he replied that the CEO is behind that because he is scared of the way i trade and make profits ( $1000 to $175000 in 3 days ).And in one trade i noticed that they deduct $15000 added to loss when i opened a new position because of the changes they made to my account and because ctrader system don't report the spread but report only commission in the position details. When market was going against me my loss was faster because of the crazy spread/markup they added to my position and losses were too much. thy told me to take the remaining money in my account and not to trade with them again but even after i lost the remaining balance in another position. I tried to negotiate with them to take the extra spread they take from me but they refused
Complain against Fondex.
A client of fondex has complained that he has incurred a huge loss by investing in this broker and the broker cannot provide valid reasons for this loss. The client has recommended not to invest in this broker.
FONDEX's latest industry rating score is 2.09, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. FONDEX If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.