Fonbet Review
| Broker | Fonbet |
|---|---|
| US Traders Accepted | |
| Company Name | Fonbet Corp. |
| Headquarters | Curacao |
| Regulation | No |
| Bonus Type | Express Combo Bonus, where one can make high-risking high-profitable combo bets and still not does not lose money if he/she loses one of the combo's events. |
| Max Payout | 600% |
| Out-of-Money Reward | 0% |
| Trading Platform | SpotOption |
| Deposit Options | Credit/debit cards, WebMoney, Skrill, Moneta.ru, Neteller, QIWI Wallet |
| Deposit Currencies | Russian ruble |
| Minimum Deposit | RUB 10 |
| Minimum Trade | RUB 1 |
| Maximum Trade | RUB 1,500 |
| Online Since | 1994 |
| Trading Instruments | Forex, Indices,Stocks, Commodities, Sports Betting in Football, Hockey, Basketball, Futsal |
| Number of Trading Instruments | 41 |
| Binary Option Types | Over & Under, 60 Seconds, Single bet, Combo bet, System bet, Fontoto |
| Customer Support Types | E-mail, ticket system for registered users |
| Education Offered | "How to Start My First Bet", Betting Guide |
| Tools Offered | Market quotes by BinaryExpiries.com |
| Commission |
|
| Languages | English, Russian, French, German, Spanish, Italian, Bulgarian, Greek, Polish, Swedish |
| Demo Account | No |
Fonbet Corp. is a Russian company which offers sports betting as well as financial betting services to its worldwide clients. The company was founded in Moscow in 1994, and they have their headquarters in Curacao. Their business has been licensed by the Government of the Curacao. Fonbet has established itself as a leading sports betting service provider with betting opportunities in several sports such as Football, Hockey, Basketball etc. Besides they offer financial betting opportunities as well in a range of Forex, Indices, Stocks, and Commodities. Fonbet is the company that allows betting through the web to the worldwide punters. The brokerage company has clients in most of the European countries, in Latin America, in China and other Asian countries. This is the reason why they support several European languages besides Russian and English being their main languages. However, their primary deposit currency is Ruble only, and one needs to convert the currency into Ruble to start depositing and betting with them. You can start betting with as low as 1 Ruble only and your maximum investment size can be 1,500 Ruble. Fonbet accepts money deposits from numerous web-based payment channels such as Skrill, Neteller as well as Visa and MasterCard. They do not charge any fee for depositing money; however, different charges are applicable on different withdrawal methods.
Registering with them is a simple process. However, if you find a Russian language interface on the site, you can switch to an English language homepage by clicking on the Union Jack on the top right corner of the page. They do not provide any demo account as of now, but they are planning to start one very soon. But they have the popular trading platform of SpotOption that most of the experienced traders must be well aware of. Besides, they have mobile apps for iPhone, Android and Blackberry, so that people can enjoy betting while on the move.
Betting Choices
Fonbet offers betting opportunities in over 40 assets from various financial markets as well as sports betting opportunities in several popular sports. They offer a maximum payout of 600%, which is huge and much appealing for anyone to start betting with them. However, one needs to be very cautious, as they do not give you any out of money reward guarantee. So, if you make wrong decisions, you may start losing money very fast. The good thing is that they do not charge any commission on your winning. This means what you will win with them it will be completely yours. But they will need three days to process your withdrawal request. They offer option types of over & under, 60 seconds for trading financial instruments. While punters can put bets on single bets, combo bets and system bets. In financial betting, traders need to predict on the changing market quotes of financial instruments over a range of financial events.
In a Single bet, you need to predict the outcome of a single event. Your winning amount is calculated by multiplying the odds with your bet amount. In a combo bet, you can predict the outcomes of maximum 30 events simultaneously. The winning amount in the combo bet can be calculated by multiplying the stake of the bet with the odds of the combo bet. A system bet is a full combination combo bet with maximum 16 events, and each combination in the bet is calculated as a separate combo bet. For a single event, the minimum bet size is $2, and it is $1 for a combo bet. The minimum bet for an overall system bet is $3 while for one combination, it is just $0.5. The maximum bet size can be up to $5,000. The maximum winning for one bet is $10,000, while the maximum weekly winning per client can be $100,000.
Fontoto is a special pool game that Fonbet offers to its clients, where a participant needs to select 1 to 3 selections for each of 15 events available on the Match List. Each variant for multiple selections is calculated separately, and payouts are calculated without considering the winning odds of each event.
Reliability
Fonbet offers a betting platform for financial as well as sports betting under the Russian registered company Fonbet Corp. The company is headquartered in Curacao and has been licensed by the Government of the Curacao. Thus, they try to offer a legitimate betting environment to their clients from all across the world. They allow only adult bettors (over 18 years of age) to bet with them. But, they restrict the US bettors from putting stakes with them. However, they do not have any phone number on their website to contact them, which may make many bettors to think about before start betting with them. They have only one e-mail id to get in touch with them. Moreover, they take fairly a long time to respond to your e-mails. A registered user can raise a ticket by logging in to “My Account” panel and perhaps it is a faster way to hear something from them. Anyways, Fonbet today is a leading sports betting company with their worldwide clientele.
Technical Analysis & Learning Resources
For a trader more interested in financial betting, Fonbet may not be that much favorable, keeping in mind the existence of other brokers that offer a host of resources, learning and technical tools to their traders. They bring Market quotes from BinaryExpiries.com that the traders can take advantage of, but they would certainly need more tools to judge the market movements. On the other hand, sports bettors may benefit from their “Sources for bets settling” that they have on their website. For sports bettors, they also have a Betting guide to learn everything about betting and make profits. A newbie bettor can learn important betting tricks by accessing their “How to start My First Bet”. This could be a great resource for anyone who is new in the world of sports betting.
Conclusion
Fonbet’s betting process is very intuitive and they do not charge any commissions on your earnings. They are quite economical when it comes to start betting with them, as you can bet with a small amount as low as 1 Ruble only. However, their dependency on a single currency may appear as a limitation for many traders. Fonbet can be an ideal online brokerage firm for sports betting. But traders with more interests in financial betting may not find them too exciting. One important reason could be the lack of trading tools and analysis that are often very important for taking important business decisions. Moreover, many traders may also detest them for not having a fast communication system to address their issues that might crop up while betting with them.