Conedex 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.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Conedex said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Segregated accounts|Stable platform|Professional team
Cons: Nothing significant
I had a dispute with Conedex and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Social trading features|Competitive fees|Transparent fees
Cons: Limited social trading features