With oil having plunged into negative territory over the past few days, things seem to be uncertain, making the market more volatile than ever. Many brokers have adjusted their trading conditions and charges, with Liquidity Providers setting some pressure by rising spreads.
In such a turbulent market, Fondex continues to keep the same competitive conditions for trading oil, with no changes in the leverage and commissions they are charging their clients, with the latter continuing to be the lowest among cTrader brokers globally.
“We are very happy to be able to offer our clients the same conditions in trading Oil as before. All this uncertainty has indeed tested the market over the past weeks and we, as brokers, are very curious to see where all this will take us. One thing we know for sure is that we always aim to provide our clients with the most competitive trading conditions, and we come to prove it once again during this current situation with the Oil prices”, commented Mr. Alex Sologubov, COO of Fondex.
About Fondex:
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 licence number 138/11. With more than 1000 instruments across 7 asset classes, Fondex allows investors to create a well-diversified trading portfolio. Fondex cTrader offers the opportunity to trade in four different ways - manually, copying other traders’ strategies, using cBots and following signals from Trading Central and Autochartist - making it the ideal platform for both experienced traders and beginners. Spreads start from 0.0 pips and Fondex charges the lowest cTrader commissions globally on Forex, Energies and Precious Metals. Additionally, Fondex secures its clients’ funds by keeping them in Tier-1 segregated accounts, while also offering them Negative Balance Protection. For more information, please visit https://fondex.com/.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.12% 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.