Tag: Omar Al-Janabi

Offshore Broker Scheme FopFX About To Terminate Fondex Operation; Orange Compliance Rating!

Offshore Broker Ben - April 9, 2023

We have already brought several reviews about the TopFX broker scheme, which is regulated through entities in Cyprus and Seychelles. The broker scheme also includes the Fondex brand, which will be terminated soon. TopFX's clients come primarily from Italy, with around 90% of the 900,000 website visitors in the last 28 days coming through the offshore broker's website. Fondex website visitors come primarily from the United States, where the scheme has no authorization. We have awarded an Orange Compliance.

Offshore Radar: CySEC-Regulated TopFX Switched Fondex To An ‘Offshore Only’ Scheme!

Offshore Broker Ben - February 19, 2023

We brought our initial review for the TopFX broker scheme in Oct 2022. At that time, CySEC-regulated TopFX Ltd had been operating the two domains TopFX.com and Fondex.com. Since then, Fondex switched to the "offshore only" gear. Like the TopFX offshore mutation, Fondex is operated through TopFX Global Limited in Seychelles, which is registered as a securities dealer with the FSA Seychelles. The offshore mutations accept EEA residents and offer leverage up to 1:500. Here is our updated review.

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