Fondex Reviews

My experience with this broker is limited to a couple of months, yet I think there was enough time to learn the majority of pros and cons.
The only pro that I really see here and that really matters is the spreads and commissions policy. They are relatively low and definitely are favorable for the overall result. The rest of the service is pretty typical for the industry.
However, I also see the cons that actually make the further partnership doubtful. The major problem is that the broker does not work with MT4 and MT5. As long as I trade manually, this is not a problem. But my long-term plan is a full automation of the strategy. I don’t code myself, so I have to look for freelance developers. From what I learned, the number of developers familiar with MQL is big enough to find a contractor. This might be a huge problem if we speak of cBots development.

Great platform, one of the worst brokers. Brokers are just pitiching you with " you are doing great !! " & " I am proud of you !! ". But in the end they do not teach you anything or improve your current trading skills. Just trying to pitch you to put more funds in. If you are having fondex as your broker, be cautious of their tips, think for yourself and do not just follow what they say, do not use Telegram to contact with them. Would not say they are scamming, but definetly doings things that are not allowed. Highly recommend to choose another broker. Or experience it for yourself.

The mobile app not complete and transfer money from another port to another one can not do by our self so it is not comfortable to customer when the port have low margin and risk to stop out

Mobile app not completed