MONDFX

MONDFX Information

MONDFX, regulated offshore by the FSRA in Saint Lucia, is a broker that provides trading across diverse market instruments including forex, metals, indices, stocks, cryptocurrencies, and commodities. It offers leverage up to 1:500 with spreads starting from 0 pips, operating on the MT5 trading platform with a minimum deposit of $30.

Pros and Cons

Is MONDFX Legit?

MONDFX is officially licensed and offshoreregulated by the Financial Services Regulatory Authority (FSRA) in Saint Lucia under license number 2024-00109.

What Can I Trade on MONDFX?

MONDFX offers trading across various instruments including Forex (over 300 currency pairs), Metals (CFDs on precious metals), Indices (CFDs on popular indices), Stocks (leveraged products on thousands of global shares), Cryptocurrencies (over 150 trading symbols with low spreads), and Commodities (CFDs on energies like oil and gas).

Account Type

MONDFX offers seven types of accounts:

Leverage

MONDFX offers high leverage of up to 1:500. Note that high leverage can amplify not only profits but also losses.

MONDFX Fees

MONDFX offers competitive spreads, with some accounts featuring low spreads and others normal spreads. Commission is generally applied across most account types, while swap fees are common, except for the Islamic account, which is swap-free.

Trading Platform

Deposit and Withdrawal

MONDFX allows deposits ranging from $15 to $100,000 and withdrawals from $15 to $10,000. Currently, deposits are accepted via Cryptocurrency (USDT on TRC20 Network).