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 Founded||2017|
|📍 Head Office||Limassol, Cyprus|
|⚖️ Financial Regulatory Bodies||CySEC|
|📈 Managed accounts||Yes|
|📊 Institutional accounts||Yes|
|☪️ Islamic Account||Yes|
|💰 Minimum Deposit||US Dollar 0|
|👍 Demo Trading Account available||Yes|
|🌐 Countries not accepted for trade||No|
|💰 Withdrawal options||Visa/Master Card, Bank Wire Transfer, Bitcoin Wallet|
|📒 Deposit options||Visa/Master Card, Bank Wire Transfer, Bitcoin Wallet|
|🖥️ OS compatibility||PC, web, smartphones, tablets|
|📈 Tradable assets||Commodities, Shares, Indices, Cryptos|
|📓 Languages supported on the website||English, Italian, Spanish, Vietnamese, Thai, Arabic, German, French|
|📓 Customer support languages||English, Arabic, French, Russian, Greek|
|☎️ Customer service hours||24/5|
|👉 Open a account||👉 Click Here|
Fondex Minimum deposit – 7 key points quick overview:
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
They do not charge any deposit fees regardless of the method of funding and the following payment methods are supported:
Bank Wire Transfer
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.
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.
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.
Fondex Pros and Cons
|Deposit fees are not charged||Only 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 1000||Only four deposit currencies supported|
|Payment methods supported are exceptionally reliable|
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.
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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