FxGrow vs Fondex

FxGrow or Fondex – which is better for UK traders 2024? Compare FxGrow and Fondex in this detailed breakdown of their platforms, features and fees.

FxGrow vs Fondex Comparison Table 2024
FxGrow Fondex
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rating full
2.7
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3.5
FxGrow is ranked #91 among CFD brokers. Fondex is ranked #91 among CFD brokers.
Review
Review
FxGrow is a forex and CFD broker founded in 2008 and regulated in Cyprus and Vanuatu. The brokerage offers 500+ trading instruments on the MetaTrader 5 platform, with ECN accounts and commission-free trading. Since it launched, the broker has gained over 80,000 clients and more than 10 industry awards.
Fondex has closed or no longer accepts UK clients.
Fondex now trade under the name TopFX
Fondex is an award-winning forex and CFD broker with industry low trading costs.
76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros
  • Daily technical analysis on all asset classes plus an economic calendar and Trading Central signals
  • Education Academy plus webinars and seminars for beginner, intermediate and experienced traders
  • I liked the powerful MetaTrader 5 platform with advanced technical analysis tools
  • Regulated by CySEC and member of the Investor Compensation Fund
  • Zero fees on deposits and only a $1 minimum deposit required
  • 24/5 customer support via telephone, email and live chat
  • Full range of investments
  • Multiple account currencies
  • Multiple payment methods
  • Low minimum deposit
  • Copy trading
  • Demo account
  • Regulated
Cons
  • High withdrawal fees vs competitors climbing to 3.9%
  • Fairly wide spreads in the ECN starter account
  • No credit/debit card deposit options
  • Only one platform on offer
  • $15 per month VPS fee
  • No MT4 integration
Awards
  • Best Liquidity Provider 2018 - Jordan Forex Expo
  • Best Broker 2012 - CIOT Forex Expo
  • Best International Broker 2012 - South Africa Forex Expo
  • Best Education Broker 2012 - Dubai Forex Broker
  • Lowest Spread & Fastest Execution 2012 - Jordan Forex Expo
  • Best cTrader Broker, 2020
  • Best Technology Corporate Leadership, 2019
  • Best FX Trading Platform, 2018
  • Best Trade Execution, 2018
  • Best Partner Program, 2017
  • Best Retail Platform, 2017
FCA Regulated
No

List of FCA Regulated Brokers

No
Instruments
Forex, CFDs, futures Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC FSA, CySEC
Mobile Apps
Yes iOS & Android
iOS App Rating
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Android App Rating
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Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
Yes No
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes (cBots)
Copy Trading
No Yes
Copy Trading Platform
Fondex offers a top-rated copy trading solution where beginners can mirror the buy and sell positions of experienced investors.
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Commodities
  • Gold
  • Silver
  • Gold
  • Silver
  • Platinum
  • Palladium
  • Precious Metals
  • Oil
  • Natural Gas
CFD
Go long or short on a range of CFDs, including on futures with up to 1:100 leverage. On the downside, commissions are higher than many alternatives in the ECN Plus account, at $8 per lot. Fondex offers leveraged CFDs on a wide range of popular financial markets.
Leverage
1:30 1:500
FTSE Spread
Not offered 1.8
GBPUSD Spread<
0.5 0.8
Oil Spread
Floating 3.4
Stocks Spread
Floating From 0.01
Forex
FxGrow offers a decent range of 60+ forex pairs with competitive spreads from 0.3 pips on the EUR/USD. With that said, spreads are relatively wide in the starter account at 1.1 pips. Fondex offers trading opportunities on 80 currency pairs, including majors.
Assets
60+ 80+
GBPUSD Spread
0.5 0.8
EURUSD Spread
0.3 0.45
EURGBP Spread
0.5 0.56
Currency Indices
  • USD
Cryptocurrency
FxGrow offers Bitcoin, Bitcoin Cash, Litecoin and Ethereum against USD. We like that the broker also provides daily technical analysis on all crypto symbols. Trade cryptocurrencies on the cTrader platform.
Spread
BTC, BCH, LTC, ETH From 0.5 pips
Coins
  • BTC
  • BCH
  • LTC
  • ETH
  • BTC
  • XRP
  • ETH
  • LTC
  • DSH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
FxGrow Fondex
Review
Review
76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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