Fondex
Fondex cTrader is an innovative, user-friendly platform that features a diverse array of technical and performance analysis tools. Apart from manual trading, clients can access copy and automated trading from the same interface. Traders can also follow in-platform, actionable signals from Trading Central. In that way, it’s possible to combine different trading methods and enjoy greater flexibility.
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Fondex
Overall
A great broker, I started trading here 2 weeks ago and spent my time learning how to trade and the company. In terms of legal procedures, the broker is 100% clean, all documents and registrations are in place, the broker is regulated by CySEC. From the point of view of trading experience everything is also good. I like the way brokerage is trying to attract customers, especially Trading Central.
Overall
I've read some Fondex reviews before trading with this brokerage, so that was 100% reasoned choice. In general, most brokers are now too similar to each other, but Fondex stands out and offer clients unique features that weren;t offered by its competitors.
Firstly,a cTrader trading platform. The platform offers excellent charting and technical analysis capabilities for most traders. By default, there are about 60 timeframes, 9 charts types and over 70 indicators. You can also create your own indicators and algorithms, as well as cBots.
Secondly, these are low spreads, which are really lower than those offered by other cTrader brokers.
Thirdly, it is build-in platform trading from Trading Central. I believe it's a significant competitive advantage, especially if you don't understand the market well.
And last (and very important) is CySEC registration. I would never trade with a broker who does not have a reliable registration. Fondex has good regulation, so I trust this broker.
Overall
Many services that I like. Brokerage is CySEC regulated, that's additional benefit. I don't pay attention to regulations. but if it's than that's good, as that's additional advantage. Also, brokerage has low spreads and fast withdrawals (I tested them on my own). But what I rly like - automated trading and sync-trading. That's two good opportunities. It may be hard to choose good strategy (and that's the only one disadvantage), but copy trading is the future of trading.
Overall
When choosing a brokerage company, I was most interested in having a working mobile application because I am constantly driving and I need everything to be as fast and comfortable as possible. But besides that, there were many useful opportunities. For example, I was pleased to have zero spreads on some assets, there are more than 900(!) stocks, which turn the period of quarterly reports into a productive trading process.
Overall
I decided to trade with Fondex cause of many reviews across the Web. Brokerage has good feedback on the most reliable websites that check reviews quality. Fondex is really good, so I can be also positive - spreads are tight, they aren't low as 0 pips, but 0,5-0,6 pips even in volative time is reality. You can check spreads on their website even without reg.
To be honest - I don't like cTrader, I would even prefer MT4 or MT5, but Fondex offers only cTrader, so need to adapt. I can't say that's strong disadvantage, but I hope broker will diversify trading platforms.
There's also copy-trading. As far I understand, that's cTrader copy, not Fondex service, so in the ranking of strategies there're not only Fondex traders, but also traders from other brokers.
Overall, I like company and this problems are really insignificant. I even can't call them a problem =)
Overall
Hopefully my experience can help someone else.
I started trading just a few months ago. Dispite the favorable spreads and other fees (compared to competitors) I didn't manage to make any money at forex.
cTrader turned out to be rather intuitive and easy to workk with. I also didn't manage to see the catch in quotes and executions to blame it for the failure. Yet, I've lost like 20% of the deposited amount and has to withdraw the rest untill its too late.
Broker did the withdrawal fine, no objections on their side, which is probably the only positive thing in the whole story.
Overall
ctrader brokerage with tight spreads. I suggest it if you want to try cTrader and are interesting in good trading conditions. What advantages are there:
1. 0.01 lots for popular assets
2. tight spreads
3. mobile app available, so you can trade
4. scalpers are allowed
I don't praise the broker, but my opinion is good overall, so you can try. There's also demo to test.
Overall
The broker is really nice for indices trading. They charge no commissions for these types of assets, and spreads remain rather narrow like for the most of the instruments they offer.
Sometimes I think the leverage could be more generous, however, I understand that it can turn into a trap, so I don't stay sad about it for long.
The minimum lot size is 0.01, which is also important for a proper risk management.
Overall
I don't even know... On the one hand, the broker didn't let me down, so I kinda approve the choice and am grateful for a good service. However, there are a few things that bother be a bit.
First of all I don't really like the idea of no choice between fixed and variable spreads. Just one account type for all. This doesn't give much variaty in adopting commissions to a trading style, etc.
Secondly there is always spread + commission. Only cyptoassets and indices have got zero commission. For 100 shares and ETFs commission is $2 for roundturn. Forex is $5 for roundturn of a 100K volume.
I don't try to claim that's expensive. I'm just not too happy about no variety in appraoches to trading fees.
Overall
Sure they do, why not?
Overall
Does Fondex allow scalping via cTrader?
