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Fondex Minimum Deposit

Fondex Minimum Deposits

 

Fondex minimum deposit amount to open a real trading account is $ 0 / R 0. The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours.

 

Fondex at a Glance

 

📅 Year Founded2017
📍 Head Office
Limassol, Cyprus
⚖️ Financial Regulatory Bodies
CySEC
📈 Managed accounts
Yes
📊 Institutional accounts
Yes
☪️ Islamic AccountYes
💰 Minimum Deposit
US Dollar 0
👍 Demo Trading Account available
Yes
🌐 Countries not accepted for tradeNo
💰 Withdrawal options
Visa/Master Card, Bank Wire Transfer, Bitcoin Wallet
📒 Deposit optionsVisa/Master Card, Bank Wire Transfer, Bitcoin Wallet
💻Platform(s) providedcTrader
🖥️ OS compatibility
PC, web, smartphones, tablets
📈 Tradable assets
Commodities, Shares, Indices, Cryptos
📓 Languages supported on the websiteEnglish, Italian, Spanish, Vietnamese, Thai, Arabic, German, French
📓  Customer support languagesEnglish, Arabic, French, Russian, Greek
☎️ Customer service hours24/5
Maximum Leverage500:1
👉 Open a account👉 Click Here

 

Fondex  Minimum deposit – 7 key points quick overview:

 

Overall Rating

4.6/5

Rated #22 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

CySEC, FCA
📱 Trading Desk

Crypto

Yes

📈 Total Pairs
80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The Fondex minimum deposit amount to open a real trading account is 0 (zero) US dollars.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours.

 

When opening a live trading account, there is no minimum deposit that has to be made in order to activate the account. Traders can deposit an amount that suits them to start trading on a live account.

 

When depositing funds into the trading account, traders need to take note of exchange rates between currencies, such as USD/ZAR where US Dollar 1 is equivalent to ZAR18.51 or €0.20/£0.83.

 

Traders should note that the conversion of currencies that has been done is at the current exchange rate between US Dollar and South African Rand, Euro and Great British Pound on the day that this article was written.

 

They are a Cyprus-based broker which is authorized and regulated by one of the strictest and most demanding regulating entities namely CySEC, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

 

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

In addition to ensuring client fund security through segregated accounts, regulated brokers such as Fondex are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

 

Fondex Deposit fees and deposit methods

 

Fondex Minimum Deposit

 

📍 They do not charge any deposit fees regardless of the method of funding and the following payment methods are supported:

💳 Credit/Debit Cards

💳 Bank Wire Transfer

💳 Bitcoin Wallet

 

They do not support a wide variety of deposit currencies and these, in turn, are linked to certain payment methods such as:

💳 Credit/Debit Card – USD, EUR, GBP

💳 Bank Wire Transfer – EUR

💳 Bitcoin Wallet – Bitcoin

 

Fondex Step by step guide to depositing the minimum amount

📍Depositing funds into a Fondex account can be done with the following steps:

 

🔴Step 1 – Log into their account

  • From the Deposits & Withdrawals section on the Fondex website, click the “Deposits” tab. Then choose your preferred method from the list of available payment providers and click the “Deposit Now” button on the right.

 

Fondex Step by step guide to depositing the minimum amount step 1

 

🔴Step 2 – Deposit currency

  • You will then be automatically redirected to the deposit window on the Fondex cTrader web platform, where you must enter your details and complete your deposit.
  • Alternatively, if you are already logged in to Fondex cTrader, you can fund your account by clicking the “Deposit” button.

 

Fondex Step by step guide to depositing the minimum amount step 2

 

🔴Step 3 –Funds

Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.

 

Overall Rating

4.6/5

Rated #22 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

CySEC, FCA
📱 Trading Desk

Crypto

Yes

📈 Total Pairs
80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Fondex Pros and Cons

 

✔️PROS❌CONS
Deposit fees are not chargedOnly three payment methods provided
Withdrawal fees are not charged on any payment methods with the exception of 0.9% for Bank Wire withdrawals less than EUR 1000Only four deposit currencies supported
Payment methods supported are exceptionally reliable

 

Conclusion

 

Overall, Fondex minimum deposit amount to open a real trading account is $ 0 / R 0. The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours.

 

You might also like: Fondex Sign-up bonus

You might also like: Fondex Demo Account

You might also like: Fondex Fees and Spreads

You might also like: Fondex Account Types

You might also like: Fondex Islamic Account

 

Frequently Asked Questions

What is the minimum deposit for Fondex?

US Dollar 0.

 

How do I make a deposit and withdrawal from Fondex?

You can make use of the following payment methods to deposit or withdraw funds:

  • Credit/Debit Cards
  • Bank Wire Transfer
  • Bitcoin Wallet

 

Does Fondex charge withdrawal fees?

  • No. As long as traders who use Bank Wire Transfer withdraw more than EUR 1000, otherwise, there is an applicable 0.9% fee.

 

How long does it take to make a withdrawal?

  • Credit/Debit Cards – Instant
  • Bank Wire Transfer – between one to five working days
  • Bitcoin Wallet – instant

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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