AdroFX brokers company is a reliable finance broker that offers a wide variety of trading instruments on the most reliable trading platforms in the world, serving clients in more than 200 countries. AdroFX is a forex and crypto brokerage company established in 2018. It is headquartered in the United Kingdom, Vanuatu, and Saint Vincent. The brokerage team has years of expertise in this field, especially in financial markets. The platform combines state-of-the-art technology with enhanced financial expertise to fulfill all the needs of institutional and retail clients.
|Headquarters||The United Kingdom, Vanuatu and Saint Lucia|
|Regulated||FSA (Financial Services Authority), VFSC (Vanuatu FSC), BSSLA (Business Services of Saint Lucia Act)|
|Product offered||Forex, CFD, Indexes, Stock, Commodities, Cryptocurrency|
|Minimum Initial Deposit||$25|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||No|
|MetaTrader 5 (MT5)||No|
|Web Terminal Allpips||Yes|
|Social trading Platform||Yes|
|Supported currencies||USD, GBP, EUR, BTC, LTC, ETH, XRP|
|Customer Support||Phone, Email, and Chat Support|
In this AdroFX Review, we will discuss the advantages of forex and cryptocurrency trading at AdroFX, including a variety of trading instruments, high level of security, frequent cash promotions, contests for users, free education and training materials, cash protection, low spreads, no commission for deposits and withdrawals, and many more.
What Is AdroFX?
AdroFX is one of the best forex brokers that was established in 2018 in the Grenadines and St Vincent. The regulated broker is well known for offering standard trading instruments for both beginners and experienced traders. It also offers relatively low spreads and high yet flexible leverages. AdroFX is a licensed forex broker that accepts new traders from across the globe, except the US traders and those from Syria, North Korea, and a few other countries where trading is not allowed by local laws. The AdroFX broker group includes multiple brokerage firms:-
- Adro M Group LLC; situated in Saint Vincent and the Grenadines, registered by the FSA or Financial Services Authority.
- ADROMKT Ltd; situated in the Republic of Vanuatu, is regulated by the VFSC or Vanuatu Financial Services Commission.
- Adro Markets Ltd; situated in Saint Lucia, regulated by BSSLA or Business Services of Saint Lucia Act.
According to several reviews, AdroFX may be deemed as a poorly regulated or unregulated broker or scam in the jurisdiction where the firms are registered, but the benefits and the safety measures offered by the forex brokers contradict the reviews. The exchange has an easy and simple registration as well as an identity verification process that ensures the protection of client information. Crypto trading involves decentralized transactions that cannot be reversed or rejected in any way, leaving no room for hacking or any other criminal activities.
AdroFX User Experience
AdroFX is a great company, operating with a team of more than 100 professionals with a training experience of over 5 years. Compared to other forex companies, the AdroFX website boasts a track record of having robust financial outcomes alongside stable growth for its clients. It offers one of the most popular CFD and forex trading platforms with excellent trading conditions and live professional support that is operational 24×5. All in all, the AdroFX trading platform is the most trusted market innovator and a frontrunner in this industry.
Features of AdroFX
Negative Balance Protection
AdroFX brokers offer negative balance protection that helps in minimizing losses if there is any severe downturn from exiting trades if the losses exceed the deposits in the trading account. This may not always be an ideal system as extreme reversals on a trader’s position using high rates of leverages can not always be identified, especially during low liquidity.
Crypto Trading with Flexible Leverage
Seasoned traders who aim to focus on their investments in the cryptocurrency markets note that the AdroFX website is a good broker company that charges no extra fees for making crypto deposits using BTC and ETH. Crypto trading comes with dynamic market spreads and flexible leverages. Customers can choose from leverage ratios 1:1 to 1:500 in case of crypto trading.
Top-Notch Customer Support
AdroFX website has an excellent support team of representatives who are available 24*5 via email support, phone support, or the live chat option. All customer queries and questions are resolved within 30 minutes and the team excels in terms of reliability.
AdroFX trading is a worldwide broker, regulated by independent regulatory bodies in different regions. The platform is not a scam and is regulated by BSSLA, FSA, and VFSC.
AdroFX broker combines state-of-the-art trading technology with enhanced financial expertise to cater to the needs of institutional and retail clients, earning a vast client base from more than 200 countries.
Wide Range of Trading Instruments
AdroFX website covers a majority of the most popular trading instruments, including forex, CFD, stocks, indices, commodities, and cryptocurrencies.
Regular Contests and Promotions
One of the greatest advantages of AdroFX trading is that it offers regular contests and cash promotional offers for beginners as well as experienced traders to keep them motivated and help them enhance their trading experience. The regular AdroFX promotional offers include a popular 10% deposit bonus and a generous 100% loyalty bonus.
Protection of Funds
What makes AdroFX a secure place for forex and CFD trading is the platform’s cash protection feature that protects client funds using industry-leading encryption protocols. The minimum deposit requirement is $25.
Tight Spreads and No Commission
AdroFX is popularly known for offering competitively tight spreads and zero commissions. The spreads do vary based on the account types.
Trading Education from A to Z
With AdroFX, beginners, who are new to forex trading, can get regular market signals, analysis, guides, and videos to become a professional forex trader with the right knowledge.
Free Copy Trading System
One of the most reliable features of AdroFX is the free copy trading system that allows registered customers to view real traders’ trading activities in real-time and automatically copy their trading.
Services Offered by AdroFX
The trading services offered by AdroFX brokers are:-
- The platform provides a free copy trading system, as mentioned above so that investors can always be connected to other professional accounts through the MetaTrader 4 servers.
- AdroFX offers several trading platforms, including a special social trading platform and web terminal called Allpips.
- Users can use social trading media to share their accounts and earn profits or follow other professional or master traders.
- There is also a Bitcoin-based account where traders can store Bitcoin and trade the whole crypto market with leverages and earn profits in Bitcoin as well.
- AdroFX does not only offer multiple trading platforms but also many types of accounts, including micro accounts, swap-free accounts, standard accounts, and premium accounts. The platform also offers a demo account so that traders that experiment with the platform’s features and functionality before investing real money into the platform.
Is AdroFX Regulated?
Compared to all the forex brokers, AdroFX makes a good regulated forex broker consisting of multiple geographically dependent trading entities, and each one of them is regulated under the corresponding independent regulatory body. The St. Lucia branch is regulated by BSSL Act, the St. Vincent and the Grenadines branch is registered and regulated under FSA, making the platform legit and not a scam site.
AdroFX Review: Pros and Cons
|Competitive and transparent fee structure.||Transfer limits and withdrawal charges.|
|Tight spreads and zero commission.||No app for mobile trading.|
|100% deposit bonus.||Customer support is not available 24*7.|
|Offers a demo account and crypto trading.|
|Wide randing of trading platforms including MT4.|
Types of AdroFX Trading Platforms
Web Platform Allpips
A proprietary Web trader called AdroFX Allpip gives traders access to financial markets. It is user-friendly and compatible with many devices.
MetaTrader 4 is a far more popular and advanced platform with the highest number of indicators and chartings. Since MT4 is not proprietary, it offers the highest security level. The MT4 platform support desktop and mobile trading.
MetaTrader 4 IOS
All those who prefer trading from their iPad or iPhone can download the MetaTrader 4 platform for iOS devices from the App Store and start accessing financial markets on the go with complete ease.
MetaTrader 4 Android
MT4 can also be downloaded on Android systems. Traders can enjoy seamless market access from their mobile and tablets, making it more convenient to trade on the go than before.
MetaTrader 4 Multiterminal
There is also a Multiterminal platform offered by AdroFX, which is ideal for traders who wish to manage multiple MetaTrader 4 accounts from one terminal with utmost ease and one Master login ID and password.
The below table provides the feature comparison of trading platforms provided by AdroFX:-
|Web Platform Allpips||MetaTrader 4||MetaTrader 4 IOS||MetaTrader 4 Android||MetaTrader 4 Multiterminal|
|Allpips cloud terminal keeps all personal accounts and…|