“I swear these guys offer one of the best trading conditions for cTraders. 5 bucks per round (forex) + a tiny spread (0.1-0.3 pips). Stocks trading is also not that expensive. The list of stocks might be missing some interesting companies, yet, there are enough to choose from in any case.”
“It was a challenge for me to leave Metatrader 4, but I wanted to switch to cTrader. Fondex seemed to be a really good choice, especially because the company offered "spreads as low as 0 pips". Feedback about the company was also positive and the company promised many cool things on the official website. My experience was not as stunning, but it was positive in general. That's what I mean:
1. Spreads are really lower than the market average. It is especially noticeable in comparison with other cTrader brokers (usually cTrader brokers have higher spreads than other brokers).
2. Spreads can be viewed online, even if you aren't registered. This has almost no real practical use, but demonstrates the brokerage openness.
3. Many assets, I didn't feel any disadvantage.
4. Scalping is available, I very rarely use scalping, but about once every 2 months I switch to scalping for a couple of days, it helps to cope with emotions.
5. There is automated trading, but it's available exclusively in cTrader Web.
Separately, it should be said about cTrader. IMO, it's better than MT4.”
“I believe that a trader should be as organized as possible and think through every step of his or her life, because the market does not tolerate approximation. What can be done to cope with this?
1. Find a normal broker. And if you're already here, that's fine.
2. Seriously practice the demo to decide on the strategy and the approximate income.
3. Deal with the instruments. For example, here you can use more than 70 indicators and customize the chart using 26 different timeframes. And of course another good news is that there are floating spreads from 0 pips, so you can try everything and choose the best for yourself.”
“In general it's good brokerage, but with its own 'shortcomings'. The main problem - cTrader. I mean that platform is great, but most traders are used to Metatrader, so it will take time to adjust and, as we know, time is money =)
Also there are some minor problems, for example I got answer for all my questions only after my second contact, first time they didbn't reply all of the questions, had to duplicate the ones they ignored from the first message.
Company is regulated with CySEC and offers nice features (they even promise the lowest spreads in the industry), but I deided to chill and wait =)”
“The broker is definitely very favorable, especially if you scalp like I do.
The spreads are simply the best for cTrader traders. Most of the brokers have got $50 spread for Bitcoin. Here it is only $10 spread + ZERO commission.
This is what I call execellent trading conditions. Executions are also nice too, not even speaking of of the platfrom. cTader was actually the reason #1 to choose this particular brokerage.”
“The broker has got the most favorable trading fees IMO and fair policy. I like they don't have all those VIP account. Same low fees and quality service for all account types. No prejudices against small-capital traders.”
“Really good spreads - variable, starting at 0 pips, one of the lost among cTrader brokers and all brokers in general. By the way, spreads are not only positive thing I can notice - another one is good trading platform, that can be adjusted to your needs with different indicators and algorithms. There's also cBots, something like EAs in MT to help you trade better.”
“The broker is young, this is the main drawback, because there are very few reviews about the company, as well as blog articles. As I think, the company should work very hard to offer something unique and thus attract new traders. However, as we can see now, the company cannot offer anything new, in general, it is a typical brokerage service and I think that it will be difficult for the company to compete and win in this competition.
The advantages include a demo account and the availability of copy trading. This is very important for me, because I test strategies using a demo platform. A demo account is very useful in this regard.
However, there are disadvantages as well. The main disadvantage for me is the complete lack of training, it is a very serious disadvantage.
As you can see, a broker is young and has its advantages and disadvantages. For me, so far, the disadvantages outweigh the advantages, but I hope it will improve over time.”
“Copy trading is the easiest way to earn money if you want be a trader. but don't have expertise for it. Everything you need is just find trader you want to copy and follow his (or maybe her) actions, broker allows copy-trading and provides list of trusted traders you can copy, I use it and earn money.”
“Don't think brokerage will dominate the market, but it will definitely get its own niche.
I got interested in cTrader a long time ago, but all cTrader brokers were not like this', as they don't offer variety of features and don't accept scalpers. That brokerage does this and it's really nice.
I contacted the support and they answered that 'scalpers are welcomed', so I'm testing it now. In general, I'm satissfied.”
“This company is rather good in regard of trading fees.
I've been using fixed account with the previous brokerage and can tell you, what they claim to be "no worries about floating spreads, that can widen all of a sudden" reflects on the equity in a bad sense. I'm not even speaking of executions quality for fixed accounts.
Anyway, that disaster is over now. Here they've got commission and spread approach for forex and stocks trading. Bitcoin has got no commission at all, just a spread of 3 bucks.
Not easy to get used to paying both spread and commission, but the final result is favorable for equity, especially if you are a daytrader.”
“Look, if you can find a broker that would offer:
a) CTrader connectivity
b) a lower than 3 bucks spread + 0 commission for bitcoin trading
c) more or less reliable recommendations and licenses
LET ME KNOW! In a meanwhile I’ll keep trading here for the above reasons. These are the best trading conditions that I was able to find under given parameters.Highly recommended for cTraders and cryptotraders!”
“Recommended broker!
This is finally the broker that does not make you choose between narrow spreads and fast executions, variety of assets and reliability, etc. All in one! 5 month together so far no issues!”
“Like that Fondex not in the mainstream with this annoying Metatrader. Mb that's risk, but brokerage already took it and seems it's win-win situation, both for broker and traders. What brokerage wins? cTrader is unique selling point that distinguishes it from competitors. To be fair, most part of brokers are the same MT4, ECN order execution, typical assets list. Fondex is different with cTrader. What traders win? It's cTrader itself for those, who don't like MT4. Metatrader is a great software, but it's not the only one in the world. cTrader has really great design that don't make you nervous, combined along with the same features as MT4, it makes it better, at least for me. Of course, there's some disadvantages like everywhere, but nevermind :)”
“Fodex provides 1 lot execution amount and that may sound not good, until you see that for the most popular assets the minimum lot is only 0.01. It's strong advantage of Fondex, you can trade common assets with low lot size and low minimum deposit. Brokerage has also demo-version and cryptocurrencies to trade with. What I don't understand - does fondex has regulations. CySEC has info that fondex has licension, but there's no single word on the official website, that seems curious.”
“What Fondex is really good for - trading with signals. cTrader (plartform that's used by Fondex) has built-in signals from trading central and they're 80% correct. It's good result and they're free, so you just should take them and use.”
“The broker is okay, there are some features to pay attention to, but overall okay. First of all, I didn't know that a broker does not use Metatrader 4, so it turned out that I got in a bit of a bad situation, because I had to study again. cTrader, the so called platform that Fondex uses, deserves attention, because it is the second most popular in the world. I don't see any sense in comparing MT4 and cTrader, both platforms have their advantages and disadvantages, but in general they are approximately equal. If you're interested in trading with cTrader, then Fondex has a significant advantage - I've compared spreads from different brokers that offer cTrader, Fondex has better trading conditions.”
“Finding a good broker is not that difficult I guess. There are many of those who have good spreads, proper license and quality service. However it’s not that easy to find a good broker if you’ve got some special requests like rare assets or if you use algorithmic trading approach. I give Fondex 5 stars for matching my individual needs (being friendly to algo traders). I’m sure a lot of other traders will appreciate cTrader as well, along with Fondex excellent trading conditions. At peak volatility spreads widen up, but if you don't trade at market opening, or at times of news releases, spreads can be nearly ignored.”
“If you are looking for a trustworthy broker, then I highly recommend Fondex. I was trading with a very well known one but wasn't pleased with charges and support. Fondex is transparent and you know what you pay. They also have some of the lowest spreads out there guys. They offer cTrader which is also full of tools that do help. Recently, I have also started experimenting with algo trading and the platform is amazing so far.”
