Fondex Review 2026
The full Fondex write-up for Norway traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Norway
| Regulator | CySEC CySEC, Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 268/15 |
| Regulated Entity | GX Financial Services Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $250 |
| EUR/USD Spread | From 0.8 pips |
| Instruments | 500+ |
| Platforms | cTrader, Fondex App |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: EUR10/month after 12 months |
| Verify on CySEC register → | 268/15 |
Verdict
Cooks under CySEC (licence 268/15). Cover charge $250. In Norway, forex leverage is capped at 1:30.
About Fondex
Fondex opened its doors in 2018 out of a kitchen in Limassol, Cyprus. Its menu runs to 500 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by GX Financial Services Ltd under CySEC.
In Norway, Fondex serves as GX Financial Services Ltd, cleared by CySEC under licence number 268/15. Under CySEC house rules, Norway traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- CySEC regulated, licence 268/15
- 500+ instruments to trade
- Negative balance protection in Norway
- Platforms: cTrader, Fondex App
Cons
- Inactivity fee: EUR10/month after 12 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is Fondex regulated?
Yes. Fondex is authorised by CySEC, issued to the entity GX Financial Services Ltd, an authorisation you can look up for yourself on the official CySEC public register.
What is the minimum deposit for Fondex in Norway?
The cover charge is $250, the smallest amount Norway traders need to open a live account with Fondex under CySEC rules.
What leverage does Fondex offer in Norway?
In Norway, CySEC rules cap Fondex at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is Fondex safe to trade with?
The kitchen passes inspection: Fondex cooks under CySEC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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