Fondex is a multi-asset financial broker that was established in 2017. The brokerage offers traders from around the world the ability to trade over 1000 tradable instruments, across 7 asset classes, all from one platform.
Markets.com is a subsidiary of Playtech PLC – a company traded on the London Stock Exchange Main Market – offering traders access to more than 2,200 tradable CFD markets on MetaTrader and their own cutting-edge, proprietary Markets Web Trader and Markets Mobile App, with oversight from four major global financial regulators.
|#||Broker's Features||MARKETSCOM Availability||FONDEX Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||❌||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Marketscom vs Fondex.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Marketscom offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, while Fondex offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Marketscom is Dealing Desk, while Fondex is ECN, Market Maker, No dealing desk, STP.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Marketscom is regulated by ASIC, CySEC, FCA, FSCA, while Fondex regulated by CySEC, MiFID. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Languages Available: Next lets have a look at each broker's different Language options. Marketscom offers Arabic, English, French, German, Italian, Portugue, while Fondex offers Arabic, English, French, German, Greek, Indonesian Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Marketscom offers Credit/Debit Cards, Neteller, PayPal, Bank Wire Transfer different payment methods for each account types, while Fondex offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Marketscom makes MT4, MT5, Proprietary available to clients, while Fondex offers cTrader.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Marketscom is more reliable based on our criteria above. Only Marketscom offers demo account, allowing you to test their platform to see which is suitable for you. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Marketscom broker is regulated in more major hubs. Only Marketscom Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. Marketscom offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. As a market maker, Marketscom may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.