Our Take On Fondex

Fondex is the only broker we’ve encountered that exclusively trades via the cTrader trading platform. While the lack of MetaTrader (and even TradingView) as an option may disappoint some, we think cTrader is a quality platform in its own right, especially if you plan on scalp trading. The other point is that Fondex offers the full suite of cTrader products, which means you can trade manually, copy trade, or auto trade.

While Fondex only has one trading account with no-commission spread, we found conflicting information on how wide the spreads are. According to the Fondex website, Forex spreads start from 0.5 pips, yet the broker claims an average daily spread for EUR/USD of 0.45 pips. Obviously, this doesn’t make sense, and we found an average spread of 0.7 to 0.8 pips for major pairs to be more realistic and decent. We cover our findings on the broker’s spreads in the Trading Spreads section.