Fondex cTrader: invest onlineApp Store
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
(Analysis from Android review)
From Google Play:
Fondex cTrader is among the leading apps, offering the change to invest in stocks, currencies, gold, oil and various other assets, with professional conditions and powerful market analysis tools.
It also states that it is “fully regulated by CySEC” and has segregated client funds.
Fondex does use CFDs in trading, as seen in the FAQs:
Fondex is a trading app. We installed it to view its features, although we couldn’t find a way to deposit or withdraw bitcoin.
You can verify your profile by completing a KYC application, which includes questions such as the user’s street address, city, and postal code.
It’s clear that you do not actually send or receive your digital assets in this app due to the use of CFDs.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.