Fondex Global (previously known as Kawase) is a Cyprus registered online brokerage that provides financial trading in

contracts for difference In finance, a contract for difference (CFD) is a financial agreement between two parties, commonly referred to as the "buyer" and the "seller." The contract stipulates that the buyer will pay the seller the difference between the current value o ...

(CFD) on the

currency markets The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. By trading volume, it i ...

shares In financial markets, a share (sometimes referred to as stock or equity) is a unit of equity ownership in the capital stock of a corporation. It can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Sha ...

, ETFs, major indices and

commodities In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. Th ...

such as

precious metals Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Precious metals, particularly the noble metals, are more corrosion resistant and less chemically reactive than most elements. They are usual ...

;

gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...

and

crude oil Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring u ...

. Fondex provides financial services to both retail and institutional clients. The company is regulated by the Cyprus financial regulator, CySEC under the name TopFX and falls under the European Union's Markets in Financial Instruments Directive (

MiFID Markets in Financial Instruments Directive 20142014/65/EU commonly known as MiFID 2), is a directive of the European Union (EU). Together with Regulation No 600/2014 it provides a legal framework for securities markets, investment intermediari ...

History

The company was founded in Cyprus in 2010 as TopFX. The retail operation started 5 years later branded as Kawase. The company name was changed to Fondex Global around 2020.

Products and services

Fodex provides clients the cTrader

trading platform In finance, an electronic trading platform, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...

with which to trade The company's platform, provides ECN traders with greater price depth and

Volume-weighted average price In finance, volume-weighted average price (VWAP) is the ratio of the value of a security or financial asset traded to the total volume of transactions during a trading session. It is a measure of the average trading price for the period. Typica ...

(VWAP). Fondex also provides trading on mobile devices with mobile apps for both

iOS Ios, Io or Nio (, ; ; locally Nios, Νιός) is a Greek island in the Cyclades group in the Aegean Sea. Ios is a hilly island with cliffs down to the sea on most sides. It is situated halfway between Naxos and Santorini. It is about long an ...

and Android. The Fondex Apps offer news, support and account management functions. Fondex is connected to its own aggregator, which is linked to several banks and stock exchanges to provide liquidity.

Regulations

Fondex Global is regulated by CySEC under the name TopFX with licence number 138/11 and falls under the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

’s Markets in Financial Instruments Directive

. Through MiFID, the company is registered with the regulators of 25 EU member states, including

BaFin The Federal Financial Supervisory Authority (), better known by its abbreviation BaFin, is Germany's integrated financial regulatory authority. Since 2014, it has been Germany's national competent authority within European Banking Supervision. It ...

in Germany, the

Financial Conduct Authority The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. The FCA regulates financi ...

(FCA) in the UK and Banque De France in France.

References

{{Reflist

External links

Official Website
Financial services companies established in 2010 Financial derivative trading companies Foreign exchange companies