Fondex Review 2026
Regulated broker with real licence numbers.
Fondex is a regulated CFD broker founded in 2018. It holds a CySEC licence under number 268/15.
The basics
Fondex was founded in 2018 and is headquartered in Limassol, Cyprus. It is privately owned. The broker offers CFDs on 500 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
There is no MetaTrader. The broker operates a proprietary platform only. Copy trading is not offered.
| Founded | 2018 |
| Headquarters | Limassol, Cyprus |
| Instruments | 500+ |
| Platforms | cTrader, Fondex App |
| MetaTrader | No |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is Fondex safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client.
| Regulator | Licence | Entity |
|---|---|---|
| CySEC | 268/15 ✓ | GX Financial Services Ltd |
You can verify the CySEC licence at www.cysec.gov.cy. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
Fondex spreads
These are the typical spreads on Fondex's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.8 pips pips |
| GBP/USD | 1.1 pips pips |
| USD/JPY | 0.9 pips pips |
| Gold (XAU/USD) | 23c/oz |
| S&P 500 | 0.5pt |
Fondex's EUR/USD spread of 0.8 pips pips is competitive for a retail broker without a per-trade commission.
Fondex withdrawal fee and processing time
Fee: None. Fondex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
Fondex minimum deposit by entity
The minimum deposit depends on which Fondex entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| GX Financial Services Ltd | CySEC 268/15 | $250 | 1:30 |
Fondex vs IC Markets
| Fondex | IC Markets | |
|---|---|---|
| Primary regulator | CySEC 268/15 | ASIC 335692 |
| Min deposit | $250 | $200 |
| EUR/USD spread | 0.8 pips pips | 0.8 (std) / 0.02 (raw) pips |
| MetaTrader | No | Yes |
| Instruments | 500+ | 2,250+ |
| Copy trading | No | No |
| Withdrawal fee | None | None |
Both brokers are regulated and legitimate. Fondex suits traders who value its platform and product range. IC Markets is better for traders who prioritise MetaTrader compatibility.
Regulation — the numbers that matter
| CySEC | 268/15 — GX Financial Services Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules.
Pros and Cons
What works
- CySEC regulated — GX Financial Services Ltd
What does not work
- No MetaTrader — proprietary platform only
- No copy trading
- No real stock ownership — CFDs only
- Inactivity fee: $10/month after 12 months
- Higher minimum deposit of $250
The verdict
Fondex is a legitimate, regulated broker. The CySEC licence number 268/15 is verifiable on the public register. It is best suited for traders who want access to 500 instruments on a regulated platform. Rating: 4.0 out of 5.
Alternatives to Fondex
If Fondex does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is Fondex safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client. Fondex holds CySEC licence 268/15, which is publicly verifiable on the official register.
What is the Fondex minimum deposit?
The minimum deposit is $250. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the Fondex EUR/USD spread?
The EUR/USD spread on Fondex standard accounts is typically 0.8 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does Fondex take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Fondex charge withdrawal fees?
None. Fondex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Fondex have MetaTrader?
No. Fondex does not offer MetaTrader. It operates a proprietary platform only. Traders who require MT4 or MT5 for automated strategies should consider an alternative.