Fondex has 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.
Alex Sologubov, Chief Operations Officer of Fondex, said: “This recent introduction to our website has come to prove that Fondex stands by their core values, one of them being transparency. We always aim to be crystal clear towards our existing and potential clients, never hiding any parts of our business. This chart will help traders see for themselves that Fondex is indeed offering them with some of the lowest spreads in the market, making it a very competitive player in the online CFD trading field.”
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.
Fondex is a trade name of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11.
The retail broker boasts more than 1000 instruments across 7 asset classes, Fondex allows investors to create a well-diversified trading portfolio. Fondex also provides the cTrader platform so that clients can trade manually, copying other traders’ strategies, using cBots and following signals from Trading Central and Autochartist.
Earlier this year, Fondex launched an exclusive suite of indicators and cBots, created by the multi-talented prop trader, Fabio La Rosa, also renowned for exploring Harmonic trading, Fibonacci and Gann charts. The package includes 70 indicators, ranging from trend and time ones, to others showing volume and volatility. In combination with the indicators, the Suite also comes with 22 pre-configured cBots, designed to facilitate the traders’ position management
activities.
In March 2020, Fondex added Paypal as an available account funding method in order to enhance the broker’s efforts in streamlining the deposit and withdrawal process for its customers.
Fondex is a tradename of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC). Trusted payment methods are one of many criteria traders take into account when deciding over a retail broker for electronic trading. Fondex, under the company name Fondex Limited, is also registered under the Laws of Seychelles and is licensed by the Financial Services Authority (FSA) of Seychelles.
