FAQ - Regulation & Safety of Funds

Regulation & Safety of Funds

Are my funds safe with Fondex?

Yes. Fondex keeps client funds with Tier-1 global banks in segregated accounts. In the unlikely event of liquidation, segregated funds cannot be used to pay creditors and must be returned to clients directly.

Is Fondex regulated?

Fondex is the trade name of TopFX Ltd, which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11, VAT 10274180P in accordance with the Markets in Financial Instruments Directive MiFID II. In order to maintain licensing and registrations, we need to fulfil capital adequacy requirements, submit financial reports to the regulators, and undertake a detailed annual audit performed by an independent auditor.

Can I lose more money than my initial deposit?

Fondex offers negative balance protection, so it is not possible to lose more than you deposited.

What risks are involved in trading?
To view the risks involved in trading, kindly refer to our Risk Disclosure Statement.