Visit Broker
Page Navigation
Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Fondex

Lowest Cost cTrader Broker

Fondex
4.24
Rate & review
How we review
Does NOT accept South African Clients. Average spread EUR/USD 0.28 pips on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. cTrader platform supported. Fondex is regulated by the CySEC, and the FSA-Seychelles.
Top Rated Brokers Compare Now
83.57 of retail CFD accounts lose money with this provider

Available to traders in %s

Min deposit

USD 1

Regulated By
Varies by region

CySEC, Fi, BaFin, FSA-Seychelles

Trading Cost

USD 7.80

Max Leverage
Varies by region

500:1

Copy Trading
Varies by region

Yes

Platforms

cTrader

Instruments

Cryptocurrencies, Energies, Stock CFDs, ETFs, Forex ( )
Indices, Metals

Fondex Broker Review

As of December 2022, Fondex has ceased operations and no longer accepts new clients. This review is for informational purposes only.


Established in 2011, Fondex provides an optimal trading environment for traders looking for a wide range of tradeable assets and low trading costs on the cTrader platform. 


An unusual broker, Fondex only offers support for the cTrader platform, which may be an instant turn-off for many traders, especially those who have a long history with Metatrader, but it offers some of the best trading conditions in the industry. Fondex’s single live commission-free account has no minimum deposit requirements and spreads that average at 0.28 pips on the EUR/USD, a lower trading cost than most other brokers. cTrader is a powerful and feature-rich alternative to MetaTrader’s platforms, with a built-in copy trading function and advanced automation tools. 


Trading is offered on multiple assets, including 80 FX pairs, over 900 equities, 11 cryptocurrency pairs, and a wide range of indices, metals, energies, and ETFs. Fondex’s educational and market analysis materials are comprehensive and in-depth, but unstructured, making it difficult to find what you are looking for.
Does NOT accept South African Clients. Average spread EUR/USD 0.28 pips on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. cTrader platform supported. Fondex is regulated by the CySEC, and the FSA-Seychelles.

Pros

  • Well regulated
  • Low minimum deposit
  • Copy trading accounts
  • Innovative trading tools

Cons

  • Limited demo account
  • Limited account options
Rating Reviews
4.24

Fondex Overall Summary

Trust Rating
4
Trading Conditions
5
Platforms
4
Education
3.5
Beginner Friendly
2
Assets Available
4.5
Analysis Research
5
Deposit & Withdrawal
4.5
Overall Rating
4.24
/ 5
Base Currencies
AUD, CAD, CHF, EUR, GBP, JPY, PLN, USD, THB
Number of FX Pairs
80
Crypto Pairs
11
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
Fondex cTrader
Commission
None
EUR/USD
0.60
GBP/USD
0.71
USD/JPY
0.50
Negative Balance Protection
No
Company Name
TopFX Ltd
Founded
2017
Website
https://fondex.com
Website Language
English, French, Greek, Italian, Arabic, Malay, German, Vietnamese, Thai, Polish
Support Language
English, French, Greek, Italian, Arabic, Malay, Vietnamese, Thai, Polish
Office Locations
Cyprus
Support Email Address
[email protected]
FP Markets FP Markets

Deposit & Withdrawal

b2binpay
maestro
mastercard
visa

Supported Platforms

Best cTrader Brokers

How We Score and Rank Forex Brokers

At FxScouts, our Broker Score and Trust Rating are designed to provide traders with an objective, data-driven evaluation of forex brokers. We continuously refine our methodology to reflect market changes, ensuring transparency and accuracy in our rankings.

Our independent review process analyzes 200+ data points across seven key categories, incorporating:

  • Regulation & Trustworthiness – Regulatory status, security measures, and broker reputation
  • Trading Costs & Fees – Spreads, commissions, and hidden charges
  • Platforms & Execution – Trading tools, execution speed, and user experience
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit & Withdrawal – Processing times, local banking support, and transaction costs
  • Education & Research – Quality of learning resources for beginners and experienced traders
  • Customer Support – Response times, multilingual service, and problem resolution


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

User Reviews

Loading reviews...

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. Healso co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
1.
FP Markets
Most competitive trading costs
2.
AvaTrade
Best social and copy trading platform
3.
Pepperstone
Best broker for scalpers
4.
Exness
Broker with quickest local withdrawals
5.
XTB
Best platform for beginners
6.
XM
Lowest Fees in South Africa
7.
IC Markets
8.
IG
9.
Tickmill
10.
ACY Securities

Others Also Viewed

Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered.

Forex Trading Platforms

Compare the best Forex trading platforms for 2026, including MT4, MT5, cTrader, and TradingView. Find the right tools to enhance your trading experience.

Read Now
Cape Town

How does Forex Trading Work?

What is Forex trading and how does it work? An easy-to-read guide including how to trade, and how to choose a reliable broker.

Read Now

Best Brokers in South Africa

Compare FSCA-regulated forex brokers in South Africa by ZAR accounts, local deposit methods, withdrawal speed, spreads, and platform support. Independently tested for South African traders.

Read Now
Listen to our Podcast!

Let's Talk Forex

Listen to our Podcast!

Ready to have your forex knowledge amplified? Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.

Listen Now!
Polygon icon
Polygon icon
Polygon Image