Press Release: March 26, 2020
In light of the current outbreak of the coronavirus disease 2019 (COVID-19), and given the markets’ high volatility over this challenging period, Fondex reassures its clients that they can continue to trade under the same conditions experienced so far, without any limitations or amendments.
Moreover, with major global equity indices having dropped by over 30% in the last 3 weeks, and given that a considerable number of investors may turn to long-term investment opportunities, the broker has decided to offer swap-free accounts to all its clients with long-term strategies on indices. This measure will cut overnight fees on indices, and improve long term strategy results, while also allowing trading with some of the most competitive spreads and commissions in the industry.
At Fondex, all clients can now claim swap-free accounts and enjoy the following benefits:
Unlimited time for running open positions with no overnight fees in equity indices
Long and short positions allowed
Some of the best spreads and lowest commission charges in the industry
Fondex would also like to inform all its clients and partners that the company follows all the recommendations set by the Government, ESMA and its regulator, CySEC. Therefore, putting its business continuity plans in action, the broker ensures normal operations across all departments, maintaining the same standard of services provided.
Specifically, in an effort to protect all different parties involved in its operations, the majority of the broker’s teams continue to work remotely and offer all its clients 24/5 support, while the offices are staffed with the minimum required number of employees, eliminating the chances for any potential disruptions.
Finally, Fondex’s contingency plans ensure that all clients’ accounts and funds are secure, continuing to abide by CySEC and ESMA's strict regulatory framework, while also following their strong principles of transparency and security.
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/.