Fondex is an online broker that was founded in the year 2017. It is a tradename of TopFX Ltd. and is headquartered in Cyprus. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) in Seychelles. Additionally, the broker’s European customers are protected by the Investment Compensation Fund (ICF) which can provide them with compensation in case of company insolvency.
The broker offers only one account type, the Fondex Account, which is also with special swap-free conditions for traders of the Islamic faith.
Fondex offers more than 1000 tradable assets to its customers, including foreign exchange, shares, indices, energies, precious metals, ETFs and cryptocurrencies. The broker offers the unique cTrader platform that can be accessed via desktop, web, and mobile applications. Fondex offers ultra-low spreads starting from 0.0 pips. Similarly, its commissions are also the lowest among other cTrader brokers globally. It also provides advanced charting tools, catering for both newbies and advanced users.
There is no minimum deposit needed to trade with Fondex. In addition to that, the broker also allows its customers to withdraw funds at any time, with no minimum withdrawal. Fondex holds client funds in segregated accounts with Tier-1 banks and these accounts are audited on a regular basis. Customer accounts are also secured in terms of offering negative balance protection and anti-money laundering checks.