Fondex Canceling IB agreement due to ESMA Regulations change

Hello Traders,

sadly we have to report that Fondex did
withdraw the IB partnering with SwingFish and EnFoid.

we made a few inquiries regarding the very dodgy terms of services, where they basically classify a STOP order to be Fraud.

we got no response from the support department.

yesterday we got an email from the Compliance Department, terminating the business relationships with SwingFish.

of course, we respect this decision with the following actions:

  • effective immediately, no Fondex account’s can be added to IBLink.
  • all accounts using IBLink received a final payment just moments ago.

email from Fondex: