Kawase Exchange Review | Fondex Review
Min. Deposit: 200 US$
Found in: 2010
TopFX Ltd - authorized by CySEC (Cyprus) registration no. 138/11
Min. Deposit: 200 US$
Found in: 2010
TopFX Ltd - authorized by CySEC (Cyprus) registration no. 138/11
Fondex or previously known as Kawase Exchange is a European online trading broker based in Cyprus which operates inspired by Japanese concepts such as trust, power, determination, flexibility, and simplicity.
Fondex as a trading name of TopFX uses years of expertise and regulated license to provide high-performance trading experience combined with the latest technologies.
Generally, TopFX is an international brokerage firm specializing in liquidity provision and regulated institutional brokerage services that began its operation in 2010. The retail operation started only 5 years later, while Kawase and than Fondex launched trading in key Asian markets.
|Good reputation and reviews from traders||No comprehensive education|
|European broker with Japanese technology||No MT4 offered as alternative|
|Powerful cTrader platform capabilities||Conditions vary according to regulations|
|Great copy trading options suitable for beginners|
|Low commission trading fees|
|Single account and transparent conditions|
|Instruments||Fondex FX, Shares, iShares, Powershares ETFs, Indices, Metals and Commodities|
|Minimum deposit||No deposit requirement|
|Base currencies||Several Currencies offered|
|Costs||Low commission trading fees|
|Education||No comprehensive education|
|Customer Service||Customer Service|
Its successful model of operation and delivery of trading environment been recognized by numerous rewards and Awards fro popular exhibitors or publishers. Also, Fondex clients have voted the company as number one in customer service, value for money and overall client satisfaction that proves Fonex’s good position within the proposals.
Being headquartered in Cyprus, the company is registered under the name TopFX LTD and respectively conduct its business with imposed regulation by CySEC. Previously TopFX used trading name Kawase and recently was rebranded to Fondex, while still remaining the regulated company also cross border registered with 25 EU regulators to serve clients within the EEA zone.
|Regulated by Cyprus CySEC and authorized for EEA crossborder proposals||International trading performed via Seychelles entity|
|Mainstay on transparent conditions|
|International proposal available|
|Negative balance protection|
The CySEC multiple requirements, that have also complied with MiFID directive including capital adequacy, financial reporting to the regulators and undertake of a detailed audit, making control over Fondex activity constant and unparalleled.
The money protection and client safety provided in multiple ways also, the traders’ funds are kept in world leading banks and fully segregated, meaning are separated from the company’s actives along protected by negative balance protection.
In addition, Fondex is also a member of the ICF (Investor Compensation Fund) that resolves issues in the unlikely events and compensates investors. Read more about CySEC by the link.
Even though the additional entity is located in the offshore zone, recently offshores also creating more strict licensing rules, while in addition to ESMA regulations Fondex considered as a safe broker to invest and trade with.
Leverage is the mechanism by which you may trade a large amount of money, due to leverage capability to magnify your initial trading size. For example, if your trading account has a 1:30 leverage, and assume that you have $1000 in your account, meaning 1:30 leverage allows you to trade a $30,000 position.
Leverage may magnify your exposure, yet the probability of profits or losses increases simultaneously, which makes it essential to learn how to use leverage smartly.
Fondex does not offer different account types and built its proposal into Fondex singe account to suit different trading styles or volumes with spreads from 0 pips.
|Fast Account Opening, fully Digital||None|
|Single Account feature|
|No Minimum deposit|
|Active Trader account bonuses|
So through a single account you are able to enjoy full benefits Fondex offers, also for Muslim traders there is an option to trade via Swap-free account.
The proprietary price aggregation uses the unique identification of the price with an interval of more than 50 times per second to identify the lowest available quote for an instrument, thus Fondex spreads are raw with trading charges entirely commission based.
|Fees are based solely on commission charges||No alternative fee conditions|
|Good range of products|
|Professional Trader programs|
|Low Forex and CFD fees|
Fondex spreads as mentioned are raw spreads with an additional commission charge of 2.5$ per side and 100k$ traded, which makes it a pretty good choice for active traders and beginners as well. For 100 Shares and ETFs there is a commission of 1$ per side, which is also very low compared to similar brokers and market proposals.
As an example, you may refer to the table below and see typical Fondex spread, as well you may compare fees to another popular broker Equiti.
Also, always consider Fondex rollover or overnight fee as a cost, charged on the positions held longer than a day and determined by the direction you trade and is differential between bids. Holding costs are based on many factors and most often positive swap are paid on buy positions.
The Fondex Swap-free account also offers access to the traders of Islamic belief to enter the trading process with no swap charges or spread widening. In order to apply for this account, you should proceed with a form that requires a proof of faith to complete the process.
Fondex delivers more than 1000 Markets to trade, so international traders gaining access to the world’s premier liquidity providers and global exchanges through sources proprietary aggregator engine with the best possible pricing from tier-1 grade banks. The range of trading markets including most traded instruments making Fondex FX, Shares, iShares, Powershares ETFs, Indices, Metals and Commodity Broker.
Deposit or withdrawal of funds is directly available from Fondex cTrader that bypasses the client area making it a convenient process, while the transactions will be performed by the desired method.
|Good selection of deposit methods||Conditions vary according to regulations|
|WebMoney and Credit Cards supported||Withdrawals will add on fee|
|No minimum deposit requirement|
|Withdrawals will take 1-2 days|
The available methods including
However, some payment methods are available only in specific countries and will only appear if the deposit window launched from the specific region.
Fondex minimum deposit is 0$, however the recommended amount that allows you to engage in live trading at the beginning is set to 200 units of your chosen currency USD200, GBP200 etc. Which is a reasonable amount for any size of the trader, along with Fondex one account offering with no differences on the account you trade.
As for the fees and charges, Fondex does not charge deposit fees, yet check carefully with your payment provider in case any fees will be waived from their side.
However, the withdrawals will incur an additional processing fee that is divided by the payment method, e.g. Cards and Online Transfers will add-on 3% fee, and Bank Wire Transfer costs 0.9% for transfers in Euro.
An Award-winning Fondex trading platform offering truly bank-grade trading conditions along with fast execution through a depth of market and direct connection to banks with its NDD model.
The proprietary platform is actually one of the greatest advantages from Fondex, its previously known Kawase cTrader Broker and now Fondex cTrader was built as a DMA platform with execution always defined by speed and high characteristics directly connected to the market with no bridge technology. Thus you are gaining access to trade on the same level as the institutional clients do, which is of course a fantastic opportunity.
|Mainstay on multiply awarded cTrader Light fast NDD execution Powerful trading capabilities with free tools||No MT4|
|Clean view and good charting|
|Copy trading and auto trading|
The platform delivers extreme unparalleled transparency with a detailed order, deal and position timeline, live order book values and 50 fields of position details.
Fondex cTrader scales to various devices through Desktop, Web and Mobile versions making the performance accessible to almost everything with Live market sentiment, Charting tools, trading history and session info and on-server trailing stops.
Furthermore, the cTrader enhances the offering with mirror trading and algorithmic trading through cMirror and cAlgo. Alongside the cMirror was developed to allow mirroring of 1000+ strategies from top traders that increases significantly the possibilities to trade with ease and convenience.
Therefore, you may become either a signal provider and earn a commission or to automate your trading positions through a follow of a strategy and all that is available through one account feature.
What is more, Fondex customer support service proved its proficiency and is among the leading positions, providing multilingual support and fast response with Live chat option. Along with its competitive trading conditions Fondex support team can guide you through the account opening, trading process and at any stage.
There is an international phone line and email support, so overall Fondex traders are covered with professional service any trader may need, which is definitely a big plus.
|Customer oriented policy||None|
|Live Chat and phone lines|
|Support of international languages|
So the last point in our Fondex Review is education materials, and here we saw that broker provides education articles for numerous topics along with Forex News and recent market updates. However, that’s is all what education is limited for, so if you are very beginner you better sign in for a good education course with webinars and seminars through a third party provider is you still wish to trade with Fondex.
Research tools, yet, are very advanced and at the professional level since Fondex cTrader supports various tools and enlarging capabilities with god analysis features.
|Demo account||No comprehensive education with Webinars or Courses|
|Platform tutorials and trading articles|
|Great copy trading capabilities suitable for beginning traders|
|Advanced trading tools and research|
|Fundamental analysis and News feed|
The Fondex review presents a company brokerage, previously known as Kawase Exchange which relied on its liquidity provision and institution brokerage expertise to deliver competitive offering to the retail clients. The direct access to the market based on exceptional technology solutions while the proprietary platform connected directly to the Banks generates consistency for active traders with various benefits upon the trading size reach and comprehensive trading tools.
Also, Fondex is a fully regulated broker, which is a crucial factor in terms of your money safety, hence with its reliable environment and compliance to requirements. The specified standards of the organization framework manage sensitive information and client’s performance comprises a based risk-management system which all in all makes it a great choice worth considering.
Nevertheless, we would be good to know your personal opinion about Fondex, you may share your experience in the comment area below, or ask us for some additional information.
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