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No Regulation
Score
1.56 /10
Danger
MONDFX
Within 1 yearSuspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index3.36
Risk Management Index0.00
Software Index7.51
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-09-22
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
MONDFX was founded by Mond Trades Ltd. in 2023, whose minimum deposit is affordable for many customers. However, the absence of regulation has become its biggest disadvantage.
Pros and Cons
| Pros | Cons |
| Various trading instruments | Not regulated |
| Low minimum deposit | Existed swapping fees |
| Low spreads | Lack of transparency |
Is MONDFX Legit?
MONDFX is not regulated in Saint Lucia by National Financial Services Commission (NFSC). Itowned and operated by Mond Trades Ltd., and the company's registration number is 2024-00109.
What Can I Trade on MONDFX?
MONDFX offers over 800 trading assets, including 300+ FX currency pairs, metals, indices, stocks, cryptos and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Options | ❌ |
Account Type & Leverage
MONDFX offers five account types, including Nano, Standard, Ecn, Pro Ecn and Islamic.
NANO account and STANDARD account are suitable for beginners.
ECN account is popular with most traders.
Pro ECN account is a good choice for professional traders.
Islamic accounts are suitable for institutional traders.
| Account Type | Minimum Deposit | Swap | Leverage |
| NANO | $15 | ✔ | 1:500 |
| STANDARD | $15 | ✔ | 1:500 |
| ECN | $200 | ✔ | 1:500 |
| PRO ECN | $500 | ✔ | 1:500 |
| ISLAMIC | $1000 | ❌ | 1:100 |
MONDFX Fees (Spreads & Commissions)
| Account Type | Spread | Commission |
| NANO | normal | ✔ |
| STANDARD | normal | ✔ |
| ECN | normal | ❌ |
| PRO ECN | low | ✔ |
| ISLAMIC | low | ✔ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows and Android | Experienced traders |
Deposit and Withdrawal
Deposit Options
| Deposit Options | Min. Deposit | Processing Time |
| MasterCard | $15 | Instantly |
| Visa card | $15 | Instantly |
| digital currencies | $15 | Instantly |
| dollars, euros, dirhams and liras | $15 | Instantly |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Processing Time |
| MasterCard | Not mentioned | a few minutes to a maximum of 48 hours |
| Visa card | Not mentioned | a few minutes to a maximum of 48 hours |
| digital currencies | Not mentioned | a few minutes to a maximum of 48 hours |
| dollars, euros, dirhams and liras | Not mentioned | a few minutes to a maximum of 48 hours |
Customer Service
| Contact Options | Details |
| Phone | (+44) 7378 555 017 |
| (+44) 7441 922 091 | |
| info@mondfx.com | |
| Support Ticket System | ❌ |
| Online Chat | 7/24 |
| Social Media | Instagram, Telegram, YouTube, Twitter, LinkedIn |
| Supported Language | English, Farsi |
| Website Language | English, Farsi |
| Physical Address | No405, HMF AL ZAROONI Building, Musalla Road, Alkhaleej St, Dubai, United Arab Emirates |
The Bottom Line
With low deposits, MONDFX provides its customers with a diversified investment environment. However, without regulation and withdrawing customers' funds could be difficult due to the multiple fees.
FAQs
Is MONDFX safe?
No, due to the absence of regulation, MONDFX carries many financial and legal risks.
Is MONDFX good for day trading?
No, the withdrawal processing time always needs a few minutes to a maximum of 48 hours according to the size of trading.
Does MONDFX truly offer commission-free trading?
Yes, but only the ECN account is commission-free.
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