Compare forex brokers Skilling VS Fondex

If you're choosing between Skilling and Fondex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Skilling better than Fondex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

SKILLING VS FONDEX

Fondex
Fondex Overview

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.

Skilling
Skilling Overview

Skilling is an online Forex and CFD broker that operates from Cyprus. It offers Forex, indices, commodities and equity stocks for trading on its platform.

# Broker's Features SKILLING Availability FONDEX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 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 Skilling 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. Skilling offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, 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. Skilling is No 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. Skilling is regulated by CySEC, 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. Skilling offers English, German, Norwegian, Swedish, 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. Skilling offers Credit/Debit Cards, Neteller, Skrill, 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, Skilling makes Proprietary available to clients, while Fondex offers cTrader.

The Verdict: Skilling or Fondex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Fondex is more reliable based on our criteria above. Fondex has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. 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. Fondex broker is regulated in more major hubs. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Fondex has a wider range of languages in which customer service is offered making the broker more accessible. As Fondex offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. As a market maker, Fondex 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.

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