Bunderex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not believe the bonus offer from Bunderex. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after seeing their ad online and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Regular updates|Social trading features|Risk management tools
Cons: Website design could be more modern|Charting tools need more indicators
The platform at Bunderex is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I retired last year of dealing with this, I have had enough.
Pros: Copy trading available|Instant funding|Transparent fees
Cons: Account statements could be more detailed
The hidden fees at Bunderex are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Dedicated account manager|Professional team
Cons: Onboarding videos are outdated|Account statements could be more detailed
Bunderex locked my account without warning and demanded documents I had already submitted. for the past year and a half later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Real-time alerts|Automated trading options|Instant funding|Regular platform improvements
Cons: Limited ETF selection