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341 firms on file · 202 identified entity records 73 carry a published regulator notice

Caution

RECORD BW-4065NO TIER-1 ENTITY ON FILE

Fondex

2 legal entities are on file for this firm, across 2 jurisdictions. The strongest supervision on file is Tier 2.

Caution — watch list means: Every entity we could locate for this firm sits offshore or is a company registration rather than a financial licence. No regulator has published anything about the firm; this is the register flagging the absence of tier-1 supervision, not an allegation.

LAST CHECKED
2026-09-15
ENTITIES
2
JURISDICTIONS
2
BEST TIER
T2
CONFIDENCE
LOW
REGISTER SYNC
2026-11-05

Jurisdiction gap — read this before you deposit

No live tier-1 licence on file. Supervision listed: CySEC, FSA Seychelles.

A group can hold a tier-1 licence and still onboard you through an offshore entity in the same structure. The licence protects clients of the entity that holds it — not every client of the brand. Check which company name appears on your own client agreement, then look that company up in the table below.

Entity-by-entity licence record

One row per legal entity in this firm's structure. Numbers are reproduced exactly as published; every row links to the source we read them from.

Legal entityAuthority / registryNumberJurisdictionTierWhat it isSource
TopFX LtdCySEC138/11CyprusT2Financial licencetopfx.comhttps://topfx.com/pdfs/risk-disclosure.pdf
TopFX Global LtdFSA Seychellesnot verifiedSeychellesT3Financial licencefsaseychelles.schttps://fsaseychelles.sc/search-business/fondex-limited

Scroll the register sideways — the entity column stays pinned.

Paste any number above into the named authority's own search. If a number a firm advertises does not return that firm on the authority's register, treat the claim as unverified.

What the record says

Statements of fact drawn from the entities above. Each one is checkable against a source URL in the licence table.

  1. F01Fondex is a trade name associated with the TopFX group in Cyprus; TopFX Ltd's own risk disclosure states it is authorised and regulated by CySEC under licence number 138/11.
  2. F02The Seychelles FSA register page previously indexed as Fondex Limited now resolves to TopFX Global Ltd, listed as a Securities Dealer (checked 9 August 2026).
  3. F03Fondex's own website did not load over several fetch attempts on 9 August 2026, so no figures were taken from it.
  4. F04Fondex marketed a single commission-based account on the cTrader platform.

Not verified at last check

Recorded openly rather than filled with a plausible guess. A blank on this register means we could not confirm it on 2026-09-15.

  • not verifiedfounded
  • not verifiedminDeposit, spreadEurusd, accountTypes — Fondex site unreachable
  • not verifiedSeychelles FSA licence number
  • not verifiedsegregatedFunds and negativeBalanceProtection
  • not verifiedcurrent status of the Fondex brand
  • not verifiednegative balance protection

Account conditions on file

As published by the firm. Blank fields were not confirmed.

Incorporated
not verified
Registered office
Limassol, Cyprus
Minimum deposit
not verified
Leverage offered
1:30 (CySEC retail)
Quoted EUR/USD spread
not verified
Trading systems
cTrader
Account tiers
Demo
Leverage above a tier-1 retail cap is normally only available through an offshore entity. If the figure above is far above 1:30, check which entity is offering it in the licence table.

Sources

Every URL below was read before this record was published.

PublisherDocumentRETRIEVED
CySECTopFX Ltd — Cyprushttps://topfx.com/pdfs/risk-disclosure.pdf2026-09-15
FSA SeychellesTopFX Global Ltd — Seychelleshttps://fsaseychelles.sc/search-business/fondex-limited2026-09-15

Register office

Checked by
Priya Nair · Register office · Regulation & Safety Lead

Every entity row on this record was checked against the authority's own database or the firm's own published legal page. Where no number was published, the field is left as “not verified” rather than filled.