Fondex Review

3.428 • 55 REVIEWS
TopFX Ltd
Updated: Feb 28, 2024
Fondex is a forex broker. Fondex offers the cTrader forex trading top platform. offers over 80 forex currency pairs, indices, shares, energies, cfds, ETFs, gold, silver, bitcoin and other cryptocurrencies for your personal investment and trading options. Please read Fondex Reviews below and share your live trading experiences with this broker.
July 2020-December 2021:  Large numbers of fake and highly suspicious positive reviews have been submitted for Fondex.
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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $0
Established: 2017
Address: 3rd Floor, Stratigou Gianni Timagia 19, Limassol, 3107, Cyprus
Contact:, +35725028079
Regional offices:
Regulators: CySEC #138/11, FSA-S #8424819-1
Prohibited countries:
Trading platforms: cTrader
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (80+)
Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
CFD: (1000+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Maestro, Multibanco, Neosurf, Neteller, PayPal, PaySafe Card, Poli, Przelewy24, Qiwi, Skrill, SOFORT, WebMoney, Yandex Money
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Maestro, Multibanco, Neosurf, Neteller, PayPal, PaySafe Card, Poli, Przelewy24, Qiwi, Skrill, SOFORT, WebMoney, Yandex Money
* Please check broker website for more information
3.428 • 55 REVIEWS

Recent User Reviews of Fondex

Cairo, Egypt,
Nov 5, 2023,
Registered user

They manipulate accounts that make big profits

I deposit $1000 and made it $174000 in 3 days, was lucky with Gold bullish move and duplicated my positions with extra profits
I found in last trade they duplicated my spread over 5 times and when talked to the account manager ( they fired him later because of this issue ) he said on a written chat that the company CEO asked them to do this because he is scared of my trading style and big profits.

The last trade they take $15000 only as spread and this was too much, with market move against me my account went to zero and lost it all

I admit I made a risky trade, but the scam is manipulating the account with much spread before opending the trade and even increased it more during news release that made stop out sure

I created a complaint with the regulator and it take 2 years no decision, so I contacted the CEO and asked him to settle this by refund my depsoits and part of my profits that I lost because of the account manipulation that the account manager already admitted it and said it very clear, he only accept to pay me my depsoits in return for withdrawing my complaint and removing my posts about the company and not making any future complaint
Oz, Australia,
Jul 6, 2022,
Registered user

Ok broker, a little unresponsive, and BTC-only.

Service use: Live Length of use: 0-3 Months
Your average cTrader broker, that's better than your typical MT4 broker anyway since there is a separation of broker and platform.

Bitcoin is their only method of payment however which is inconvenient when you want a deposit that doesn't also fluctuate in value.

They also need to increase their responsiveness especially when it comes to withdrawals.

Jul 3, 2022 - 1 Star Bitcoin is their only deposit method which immediately makes them suspicious, but they seem legit right? Wrong.

Try to withdraw your money. You immediately get an 'unknown error' message on their ctrader app/website along with a popup that says to input the verification number they sent by email, which never arrived.

Email 'support' about it, no reply.

Waste of $1000 AUD.
Daniel Schmitt
Stuttgart, Germany,
Dec 24, 2021,

Excellent speed of order execution

Service use: Live Length of use: 6-12 Months
I like brokers that offer ctrader and this broker is one of the best brokers offering this trading platform. Especially the Spotware community team is constantly releasing updates to their trading platform, for example, just in October they released a great fork drawing indicator.
Also cAlgo Development team released multi-frame robots that can be used in trading.
I can confidently recommend this broker for those who want excellent speed of order execution and stable connection with servers. The broker withdraws money without any problems, any questions are answered by the support. Everything you need for good trading.
Varujan Kogalniceanu
Baia Mare, Romania,
Dec 20, 2021,

Honest broker!

Service use: Live Length of use: 3-6 Months
Fondex is becoming more popular because spreads are low.
I know that many people do not believe this and I think that this is not a real broker because the spreads cannot be so low. I disagree with them!
Here is the trading platform cTrader. Those who work with this know that the functionality of this platform does not allow brokers to trade against a trader or other scam. To put it simply, those brokers that offer the cTrader platform have real market NDD execution!
Stuttgart, Germany,
Oct 22, 2021,

Fondex is a broker that is not like the other companies.

Service use: Live Length of use: 3-6 Months
Fondex is a broker that is not like the other companies I have opened accounts with.
First of all, I mean the cTrader trading platform. There are a lot of useful functions. I'm wondering why most brokers haven't added this trading platform yet.
Secondly, there are low spreads and I think that many traders would be pleased to have such trading conditions.
Suleiman Fasayo
Setif, Algeria,
Oct 3, 2021,

I chose to trade with Fondex broker.

Service use: Live Length of use: 3-6 Months
I needed a company that does not work like everyone else. I am different from other people and always look to the future. That is why I chose to trade with Fondex broker. This is a company that has excellent trading conditions, low spreads and the trading platform cTrader. Thanks to this software, my analysis and trading have reached a new level!
Salvatore Galli
Aprilia, Italy,
Sep 29, 2021,

Competetive conditions

Service use: Live Length of use: 3-6 Months
I spent plenty of time searching for a proper broker which can possibly satisfy my needs. This one has competetive conditions among all ctrader brokers. You can be convinced by trading btcusd asset for example. It has pretty attractive spreads.
Amsterdam, Netherlands,
Aug 10, 2021,

I trade small amounts with Fondex

Service use: Live Length of use: 6-12 Months
I trade small amounts with Fondex for now, I have no money for normal trading and I'm still afraid to risk high amounts. On average I try to take $10 a day. If I am lucky, I am good, but if I am not successful, I leave the market for a while. I am trying out the strategy so far, it is too early to talk about great results. For example, I lost only $50 in January when I`ve started this strategy, I`ve got lower losses in March and June with +6$. July began cool. I already have $300 on my account. I hope to get some profit before vacation and finally try withdrawal here.
Sofia, Bulgaria,
Aug 2, 2021,

I was advised by Fondex

Service use: Live Length of use: 0-3 Months
I have been trading Forex for a long time and have always had one problem - high spreads! I recently decided to solve this problem and change the broker. True, I did not quite understand what I needed because I thought that all brokers are the same. It turned out not to be so. I was advised by Fondex and I realized that this is a unique broker.
First, there are very low spreads, sometimes there are almost none.
Secondly, there is a new trading platform cTrader that has good functionality.
Forex Peace Army
Review moderation team note
cTrader is not new.  It has been around for at least 10 years.
Tirtha Thapa
Kathmandu, Nepal,
Jul 24, 2021,

Service use: Live Length of use: over 1 Year
Yes, broker Fondex occupies quite good places on almost all ratings. The conditions here are excellent, the cTrader trading platform is also pleasing. I opened an account here two years ago and have never regretted choosing Fondex. I immediately came to an Islamic account, albeit with a small deposit. Now I can confidently say that Fondex can be trusted even for large amounts.