Fondex is reassuring its clients that trading conditions will remain the same, without any limitations or amendments, despite markets’ high volatility over the COVID-19 pandemic.
The CySEC-regulated retail FX and CFD broker has also decided to assist long-term investors as a considerable number of users may turn to long-term investment opportunities in the wake of the market crash, with major global equity indices having dropped by over 30% in the last 3 weeks.
Fondex has announced swap-free accounts to all its clients with
long-term strategies on indices. By cutting overnight fees on indices,
traders will be able to improve long term strategy results. The broker
announced the following
benefits:
• Unlimited time for running open positions with no overnight fees in
equity indices
• Long and short positions allowed
• Some of the best spreads and lowest commission charges in the industry
The company follows all the recommendations set by the Government,
ESMA and its regulator, CySEC, and ensures normal operations across
all departments, maintaining the same standard of services provided.
The majority of the broker’s teams continue to work remotely and offer
all its clients 24/5 support, while the offices are staffed with the
minimum required number of employees, the firm announced in a
statement. This eliminates the chances of any potential disruptions.
Fondex has made clear that its contingency plans ensure that all
clients’ accounts and funds are secure and compliant to CySEC and
ESMA’s strict regulatory framework.
The retail Forex broker owned by TopFX has recently announced that it
continues to keep the same competitive conditions for trading oil,
with no changes in the leverage and commissions they are charging
their clients, despite the turbulent times in the oil markets.
Oil markets plunged into negative territory on April 17, making the
market more volatile than ever. Many retail brokers are incapable of
dealing in such conditions. The decision to keep trading conditions
the same goes in the opposite direction of many brokers who have
adjusted their leverage and charges, with Liquidity Providers setting
some pressure by rising spreads.
Earlier this month, Fondex launched Execution Transparency, a new
section on their website showcasing real-time active trader spreads in
order to provide an easy-to-understand graphical representation of the
broker’s historical spreads, based on the most popular markets traded
on Fondex cTrader. Fondex users can view a chart fit to their
parameters as they select their preferred instrument from the Popular
Markets drop-down list, along with the time period from the chart’s
period bar. The spikes on the graph represent the spread values for a
selected instrument, on a 15-minute weighted average time frame. A
shorter or longer time frame can also be adjusted, by moving the bars
on the time period axis.
