Gereguleerd door:CySEC, FSA(SC)
Jaar van oprichting:2017
Hoofdkantoren:3rd Floor, Stratigou Gianni Timagia 19, Limassol 3107
Your capital is at risk
I've been very interested in trying something of the passive methods of working in the market, but also something that is safe and easy to use on a day-to-day basis for a long time. But in fact, I kept noticing that companies were somehow trying to limit traders in applying stop-loss and other things that were important for safety. And here I saw that you can keep everything under control, you can choose your own conditions, you can set a stop-loss, and you can stop doing it at any time because you have changed your mind, or you just want to try some other format. That's really important for any trader.
There is a whole set of useful services inside the terminal. I'm glad I finally don't have to go through a dozen sites to find the information I need. It's already there in cTrader from Fondex. I'm satisfied with the service of the company.
Actually, now I'm trading with Fondex, but I want to try some new features. I'm satisfied with my trading yet and my profitability as well, everything is going to be top notch, but I'm looking for some features that can boost it as well. Currently I'm trading Forex only with Profit Trend strategy (its combination of ADX + MA Candles), my average profitability for 4 months of trading is 5.3% now, not so high, but I think that's good result, especially taking in account that I have only 1 year of experience of Forex trading at all. But I want to try sth new, but don't know how the things works SoI I have several questions, if someone has info, answer please. 1) Is there any time requirements for scalpers? I know some brokers have such time-requirements, like 60 seconds or 'no more than X trades a hour'. Does fondex have sth like that? 2) What's copy-trading? How it works at all? And, the most important - how to choose the right master-trader? Thx in advance!
Well, it's actually not a bad place to try some passive formats, because it's popular now, and here you can do it in safe mode. 1. Copying. You can "connect" to traders who trade profitably and their trades will be copied to your account. 2. Automatic trading strategies, that is, working through a trading robot, which allows you to trade based on ready-made algorithms, without your personal presence on the platform. Just do not forget about stop-loss and other methods of capital insurance.
My primary trading style is scalping. As a rule, such traders favor low spreads. As for commission, it’s highly advisable for a scalper not to face it at all. Just imagine that every day I open and close tens of trading positions. Spreads don’t drastically decrease my gains if I manage to forecast the market in the proper way. But I don’t want to be charged for each trade since I take a relatively small profit in each trade. Fortunately, such brokers exist. One of them is Fondex. This broker allows to trade indices and crypto without commission.
I see Fondex in 2 different dimensions: 1. Compared to all brokerage, it's just okey. Yeah, the spreads are tight enough, but there's no educaiton available. 2. Compared to cTrader brokers only, Fondex is one of the best. There's still no education, but it offers one of the tighest spreads among cTrader brokers and this outweighs the lack of education.
As for this company. And I can say that I think this place deserves attention. For example, there's a demo and over 70 indicators that can be used for technical analysis. And the best part is that there are no fees for depositing or withdrawing funds. And this is really something that any trader without exception will appreciate.
To be honest, I see almost no serious cons but really valuable pros that made me start trading there: a) I'm happy that brokerage offers cTrader, that's what MT5 should be. Compared to MT it's faster and more native b) Spreads there are really tight c) A lot of assets and a lot of opportunities to choose the right strategy (including scalping). I'm scalper and there are no restrictions, including delay between opening and closing a deal.
The platform is aligned with cryptocurrency trading among other instruments. For example, there is a spread on Bitcoin three to five times less than in many companies. Traders can really earn on price movements here. And commissions won`t eats up their profit. And of course, there is a great platform in the company. It`s cTrader. There are copy trading, user-friendly interface and many features in it.
This is exactly the kind of question I was constantly asking myself when I was only thinking about the possibility of working in this company. And in the end I decided. What did I get? 1. A quality mobile app. 2. Access to a functional trading terminal. 3. A wide range of assets. 4. A large number of instruments for technical and fundamental market analysis.
Due to the large number of stocks, there are more than 600, and it really helps to prepare an actual business portfolio for the period of quarterly reports. But in practice, there were a few more profitable points, for example, here you can withdraw profits on a bitcoin purse and work with low commissions - $ 1-2.5.
Fondex is the brokerage that I've chose for 3 reasons: 1. cTrader trading platform. I prefer cTrader, not Metatrader or any other platform. For me, cTrader is the perfect combination of effectiveness and easy-to-use interface 2. Low spreads. Many cTrader brokers offers too high spreads but Fondex has one of the lowest spreads in the industry 3. Copy-trading. I see copy trading as a way to diversify risks, so that's great that Fondex offers such an opportunity.
I've never seen a tighter spreads for Bitcoin, i.e. Its only $10 + there is no commission. Just in case you don't know, most of the brokers have around $50 spread for BTC/USD!
Scalping and algotrading - two most problemous areas for each brokers, as they lead to a high sever load, so most brokers try to avoid algotraders and scalpers. Some brokers set worse conditions for scalpers and algotraders than for intraday traders, others just ban such traders. However, I like that Fondex is on the top of providing clear and top notch service for scalpers and algotraders with 0 restrictions. Algotrading uses FIX protocol, that's common solution and it works realy good.
World is full of brokers, each one offers something to win the competition. I see Fondex as the brokerage to trade in case you're tired of Metatrader's bugs. Fondex uses cTrader, instead of MT4, and I definitely prefer this platform. cBots VS Expert Advisors use C#. Inspite the Easy Language naming, this EL is rather difficult to work with. Those who can't stand easylistening music will understand what I mean.
It's not a bad option for trading. But there is only one platform in Fondex. It's cTrader. I have nothing against it, but what should I do if I have Expert Advisors for MT4? Do I now have to rewrite the code for the cBot? I don't like this moment. But the overall impression of the company is positive. The platform is available in two versions. You can trade in the web version without installing the program. And all functions are available here except for automatic trading. Or you can install the program and use the feature of trading with bots. By the way, to be honest, the developers of cTrader offer many free programs for automatic trading. So Fondex clients can take advantage of this offer.
I started trading at Fondex recently, as I was not familiar with its platform. I have never used the cTrader before. I've heard about it, both good and bad reviews. In practice, everything turned out to be much better than I thought. Once I have created a live account in Fondex, I've connected a copy-trading as well. So far that's a nice experience as well.
NDD executions CySec regulation Tight spreads Non-problematic withdrawals Human-friendly interface of a trading platform This is a rare find IMHO, so I don't hesitate a minute recommending it. The only thing you might not like about it - no fixed spreads accounts and no cent accounts (I know newbies like those for some reason)
I have only been trading with Fondex for a couple of months, but it was a very interesting experience. The broker has very favorable trading conditions for the cTrader platform, and it is very much appreciated. The brokerage has very low spreads, no deposit or withdrawal commissions at all, and automated trading. As for me, it is more than beneficial ;) The only thing that bothered me a bit - a broker has offshore registration. But once I found out that it has a CySEC license, I stopped worrying. Recently I started thinking about what would be cool to trade without being tied to the workspace. That raised a question. Does Fondex have some kind of mobile app for trading??
I mean the terms of this company. But then I realized that there are certain features here. For example, you can use a bitcoin wallet to deposit funds here. And there are also some good trading signals, if you find it difficult to find the best movers yourself..
I can say just a few things about this brokerage. The first advantage - cTrader. It's powerful platform that allow you to trade with real convenience. I can compare it to MT4, but cTrader is much better. There are also cBots, algorithms that can be used for trading and improving your trading shedule. The second advantage is tigh spreads, especally compared to other cTrader brokers.
I'm trading both manually and following other traders strategy, I see this as a way to diversify risks. My experience is almost positive, I haven't faced any pitfalls. However, copy trading is available only in cTrader Web and I don't know why it isn't available in mobile app..
People said that cTrader is no worse than MT4 or MT5. Now that I've tried both platforms I can tell that there can be a different opinion. I've registered with the brokerage because it offeres the tightest spreads for cTrader and I badly wanted to try trading with it. The experiment went well enough. Mt4 really does look like a rotten dinasour compared to ctrader. Nevertheless, there are other factors to consider. For example when you decide to diversify with some ready-made algos, you'll see that majority of traders still code their strategies in MQL. So that's my little warning here. BTW, if you know of an easy way to refactor the code to fit cTrader, I'd love to here some suggestions.
I read a lot of positive things about Fondex, so I decided to try this broker. In general, I did not notice anything special. First of all, the broker uses regulation at Seychelles, while the broker also has CySEC regulation, it is strange and raises questions. Secondly, there are very limited education opportunities. However, for the fairness, I can say that cTrader is really a convenient platform, and spreads are lower than the industry average. Nevertheless, it is not enough for me to change a broker.