Fondex vs Capital.com - 2023 Comparison | FX Australia
AuthorBy Björn Michels
Updated: August 29, 2022

Trading with a reputable online broker is a crucial factor for success in the international markets. At FX Australia, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

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Select brokers to compare

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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.14/ 5 USD 1CySEC Regulated BrokersFinansinspektionenBundesanstalt für FinanzdienstleistungsaufsichtThe Seychelles Financial Services AuthorityECN/DMACryptocurrencies, Energies, Stock CFDs, ETFs, Forex, Indices, Metals8011
  • Well regulated
  • Low minimum deposit
  • Copy trading accounts
  • Innovative trading tools
  • Limited demo account
  • Limited account options
Read Review 1110.503.5/ 5 111115/ 5 111104/ 5 11110.54.5/ 5 1110.503.5/ 5 11110.54.5/ 5 111104/ 5 83.57%500:10.50 pips Fondex cTrader cTraderVisa, Mastercard, Maestro, paytrust88, Skrill, Neteller, Bank Transfer, Paypal, Sofort Banking, GiropayNone
11110.54.68/ 5 AUD 20FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersThe Seychelles Financial Services AuthorityMarket MakerCommodities, Cryptocurrencies, Stock CFDs, Forex, Indices137477
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Limited account options
Read Review 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 111115/ 5 87.41%30:10.60 pips Standard MT4, Capital.comBank Transfer, Visa, Mastercard, Maestro, Apple PayFees Included in Spread

How do Capital.com and Fondex stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Capital.com

Fondex

At FX Australia, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare Capital.com and Fondex, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does Capital.com or Fondex have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that Capital.com holds two Tier 1 and one Tier 2 licences, and Fondex holds one Tier 1 and two Tier 2 licences.

 

Can I trust Capital.com?

Yes as Capital.com was founded in 2016 and is regulated by ASIC, CySEC, FCA and FSA-Seychelles.

 

Can I trust Fondex?

Yes as Fondex was founded in 2017 and is regulated by BaFin, CySEC, Fi and FSA-Seychelles.

 

Based on these findings, Capital.com earned a higher trust rating than Fondex.

Does Capital.com or Fondex have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Capital.com has overall lower trading costs than Fondex. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Commission
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Fondex
111115/ 5
AUD, CAD, CHF, EUR, GBP, JPY, PLN, USD, THB
0.28 pips
USD 5
USD 7.80
0.60 pips
0.71 pips
0.50 pips
Capital.com
111115/ 5
AUD, USD, EUR, GBP, PLN, RUB
0.60 pips
USD 0
USD 6
0.60 pips
1.30 pips
0.80 pips

 

Does Capital.com or Fondex offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, Capital.com offers support for MT4 and Capital.com and Fondex offers support for cTrader. 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case Fondex offer copy trading and Capital.com does not.

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Broker
Platform Choice
Copy Trading
Platforms
Fondex
111104/ 5
Capital.com
11110.54.5/ 5
Capital.com

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Capital.com offers a greater range and depth of instruments to trade than Fondex. Capital.com offers 137 Forex pairs to trade and Fondex offers 80 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Capital.com offers 477 cryptocurrencies while Fondex offers 11 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Capital.com.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Capital.com nor Fondex charges a withdrawal fee. Overall, Fondex has better deposit and withdrawal processes than Capital.com. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Capital.com has better educational support than Fondex. Capital.com offer educational support for more experienced traders and Fondex does not.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Fondex
Medium
Capital.com
High

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that Capital.com offers better research analysis than Fondex and that Capital.com offer frequent webinars and Fondex does not.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Fondex
Capital.com

 

Our overall Verdict on Capital.com

Only available in Australia since September 2021, Capital.com’s low costs, huge range of instruments, and user-friendly trading platform have quickly made it one of the most popular Forex brokers around. Following our testing for this review, we’re happy to say that we like them too.  Capital.com has obviously thought carefully about what traders want from their brokers and has successfully created a welcoming environment for beginners and professionals.

Capital.com offers one live commission-free account, with trading fees significantly lower than other brokers. Spreads average 0.6 pips on the EUR/USD, and no fees are charged for deposits, withdrawals, or inactive accounts. Capital.com also offers one of the widest ranges of instruments available, including over 138 Forex pairs and over 460 cryptocurrencies. All instruments are available on MT4 and Capital.com’s award-winning in-house platform and app. Customer support is available 24/7, and beginners will find that Capital.com’s education and market analysis are some of the best in the industry.

Our overall Verdict on Fondex

Established in 2011, Fondex provides an optimal trading environment for traders looking for a wide range of tradeable assets and low trading costs on the cTrader platform. 

An unusual broker, Fondex only offers support for the cTrader platform, which may be an instant turn-off for many traders, especially those who have a long history with Metatrader, but it offers some of the best trading conditions in the industry. Fondex's single live commission-free account has no minimum deposit requirements and spreads that average at 0.28 pips on the EUR/USD, a lower trading cost than most other brokers. cTrader is a powerful and feature-rich alternative to MetaTrader’s platforms, with a built-in copy trading function and advanced automation tools. 

Trading is offered on multiple assets, including 80 FX pairs, over 900 equities, 11 cryptocurrency pairs, and a wide range of indices, metals, energies, and ETFs. Fondex's educational and market analysis materials are comprehensive and in-depth, but unstructured, making it difficult to find what you are looking for.

Which broker has the highest overall rating?

Capital.com has an overall rating of 4.68 and Fondex has an overall rating of 4.14. For more detail please read our reviews of Capital.com and Fondex.

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