Overall
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Easy To Use?
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Cost
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Profitability
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Time Needed
Summary
Pros
- A wealth of account types offered (cent, crypto, demo, Islamic)
- Copy-trading
- Low minimum deposit ($25)
- 100% Welcome Bonus
- Web terminal Allpips
- Low spreads & good fees overall
- Leverage up to 1:500
- Crypto accounts
- Regulated
- Good range of markets available (currency pairs, metals, crypto, indices, commodities, stocks)
Cons
- Not accepting US citizens
If you’re considering opening a trading account with AdroFx forex exchange, then this honest AdroFx review will be helpful. Here, we will discuss the good and bad aspects of trading with this broker to help you make an informed decision about whether they are the right forex broker for you.
Overview
AdroFx was established in the FX industry in 2015 and has quickly become an award-winning broker, positioning itself as one of the best in the sector. They provide traders with a wide range of trading assets and offer top-notch customer service that is available 24/5.
AdroFx offers clients various trading instruments such as Contracts for Difference (CFD), commodities, indices, and precious metals. The company also offers more than 55+ forex currency pairs, stock indices, cryptocurrencies, shares, and precious metals.
AdroFx strives to become the most reliable and dedicated broker with the highest quality service through the STP/ECN execution avenue.
Where Are They Located?
The company is located at Govant Building, BP 1276, Port Vila, Vanuatu.
Regulation
Regulation is a crucial aspect to consider in this AdroFx review. It is often the primary factor in choosing a forex broker to register with, as it provides a level of safety for traders. Regulated brokers are generally considered more trustworthy and less likely to engage in fraudulent activities, although there is no guarantee that regulated forex brokers are completely immune to scams.
AdroFx is regulated by the Vanuatu Financial Services Commission (VFSC), which is a recognized regulatory authority in the forex trading industry. This means that AdroFx has met certain regulatory requirements and is subject to regular monitoring and oversight to ensure compliance with industry standards.
Market
Adrofx is a reputable online trading platform that offers a variety of market instruments to its clients. These market instruments include forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios and potentially maximize their profits. With an Adrofx account, traders have access to a range of advanced trading tools, competitive pricing, and reliable customer support, making it a popular choice among both novice and experienced traders.
Trading Platforms
AdroFx`s clients have an alternative of Allpips web-trader or MetaTrader 4 (MT4). The latter is compatible with Windows, Android, and Apple devices for mobile trading. Allpips terminal is known for its extremely fast order execution, low spreads, and copy-trading feature. Both platforms are suitable for both novice and experienced traders since they are pretty easy to understand and have all the needed tools and features for delivering a comfortable trading environment.
Account Types
AdroFx currently offers 8 distinct types of CFD trading accounts that cater to traders’ diverse needs. These include MetaTrader 4 accounts and Allpips ones. The latter offers three different accounts including Fiat, Crypto, and Cent, Pro account. All the accounts have different trading conditions and a set of tradable assets. For example, if you choose a Premium account the minimum spread will be 0.4 and you will be able to trade all the instruments, even indices, and crypto.
AdroFx also provides an Islamic account that is designed exclusively for Islamic traders and adheres to Islamic laws that prohibit the payment of interest or swaps.
Moreover, AdroFx also offers demo accounts with no expiration which is perfect for beginner traders who learn the basics of forex trading.
Allpips Account Types
Account Type | Minimum Deposit | Maximum Leverage | Typical Spreads | Copy Trading? | Instruments |
|---|---|---|---|---|---|
| Fiat Account | 100EUR/USD/GBP | Up to 1:500 | 0.04 | Available | CFDs on Forex, Stocks, Indices, Metals and Crypto |
| Crypto Account | 100EUR/USD/GBP | Up to 1:100 | 0.04 | Available | CFDs on Forex, Stocks, Indices, Metals and Crypto |
| Cent Pro Account | 25EUR/USD/GBP | Up to 1:500 | 0.4 | Available | CFDs on Forex, Metals |
MetaTrader4 Account Types
| Account Type | Minimum Deposit | Maximum Leverage | Typical Spreads | Copy Trading | Instruments |
|---|---|---|---|---|---|
| Standard | $100 | Up to 1:500 | 1.2 | Not Available | CFDs on Forex, Indices, Metals, and Cryptocurrencies |
| Premium | $2,000 | Up to 1:500 | 0.4 | Not Available | CFDs on Forex, Indices, Stocks, Metals and Cryptocurrencies |
| Pro | $10,000 | Up to 1:500 | 0.3 | Not Available | CFDs on Forex, Indices, Stocks, Metals and Cryptocurrencies |
| Micro Pro | $100 | Up to 1:500 | 0.4 | Not Available | CFDs on Forex and Metals |
Trading Account Leverage
AdroFx’s forex trading account leverage ratio varies depending on the account type and traders` needs. The maximum authorized leverage ratio is 1:500. However, customers can opt to trade with the leverage starting from 100. While some other brokers allow for a higher leverage ratio of 1:1000, this level of leverage significantly increases the risks involved.
Commission, Fees & Spreads
Spreads vary across different AdroFx accounts: For example, the Islamic accounts offer commission-free forex and CFD trading, and the Standard account offers spreads from 1.2 while with the Premium account traders can enjoy margin trading with a minimum spread of 0.4.
AdroFX Minimum Deposits
The minimum deposit required to open a trading account with AdroFX is 25 USD EUR GBP, which is a reasonable amount for traders looking to start with a micro account. The initial deposit amount is the first deposit made into a trading account when it is first opened. This amount can vary depending on the account type and the broker. With AdroFX, the initial minimum deposit requirement amount will depend on the type of account that you choose, and the minimum deposit amount for each account type is listed on the above table.
Trading Assets
AdroFx offers its clients more than 110+ trading assets, with the majority of them dedicated to currency pairs (forex). Additionally, they offer a limited selection of precious metals, the most popular stock indices, and shares. Moreover, AdroFx added cryptocurrency assets to its platform, providing crypto traders with the ability to trade several pairs, including BTC/USD, ETH/USD, XRP/USD, and LTC/USD.
Forex
Adrofx offers a wide range of currency pairs for traders to trade on the forex market. These include major currency pairs such as USD EUR GBP/USD, and USD/JPY, as well as exotic forex pairs, such as USD/ZAR and EUR/TRY. Forex trading on Adrofx is characterized by low spreads, high leverage, and a user-friendly trading platform that provides traders with all the necessary tools to analyze the markets and make informed trading decisions.
Stocks
Adrofx provides access to a wide range of stocks from major global financial markets, such as the UK, Germany, and Japan.
Indexes
Adrofx provides access to a wide range of stock market indexes.
Spot Metals
Adrofx offers traders the opportunity to trade precious metals such as gold, silver, and platinum. Trading in precious metals can be a good way to diversify a trading portfolio and potentially hedge against inflation.
Crypto Trading with AdroFx
AdroFX offers cryptocurrency trading as one of its many trading instruments. With AdroFX, traders can access the top cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, among others. The cryptocurrency market is highly volatile, and AdroFX trading platform offers traders the opportunity to trade cryptocurrency with flexible leverage. This means that traders can increase their trading power while minimizing their risks.
AdroFx Demo Account
AdroFX offers a demo account for traders who want to practice their trading skills and strategies without risking their own funds. The demo account simulates real market conditions, allowing traders to gain experience and confidence before they start trading with a live account. The demo account is free and can be accessed by simply signing up on the AdroFX website. The demo account offers a risk-free environment where traders can test the platform, try out different trading strategies, and learn how to use the various tools and features offered by AdroFX. Traders can use the demo account for multiple accounts at times, allowing them to continue learning and improving their skills.
Customer Service & Support
AdroFx is committed to providing excellent customer service and support. Its customer service and support team are available 24/5 via online chat, enabling clients to seek assistance anytime regarding their accounts or trading activity. AdroFx also provides resources such as e-books, tutorials, articles, and video lessons, which help clients maximize their trading account’s potential.
Supported Countries
| Country | Supported |
|---|---|
| Australia | Yes |
| Austria | Yes |
| Belgium | Yes |
| Bulgaria | Yes |
| Canada | Yes |
| Croatia | Yes |
| Cyprus | Yes |
| Czech Republic | Yes |
| Denmark | Yes |
| Estonia | Yes |
| Finland | Yes |
| France | Yes |
| Germany | Yes |
| Greece | Yes |
| Hungary | Yes |
| Iceland | Yes |
| Ireland | Yes |
| Italy | Yes |
| Latvia | Yes |
| Liechtenstein | Yes |
| Lithuania | Yes |
| Luxembourg | Yes |
| Malta | Yes |
| Netherlands | Yes |
| New Zealand | Yes |
| Norway | Yes |
| Poland | Yes |
| Portugal | Yes |
| Romania | Yes |
| Slovakia | Yes |
| Slovenia | Yes |
| Spain | Yes |
| Sweden | Yes |
| Switzerland | Yes |
| United Arab Emirates | Yes |
| United Kingdom | Yes |
| United States | No |
AdroFx Drawbacks
AdroFx has a few drawbacks Firstly, the company does not accept customers from the United States. Secondly, they do not provide ETF Trading. And a popular trading instrument oil they do not provide as well.
AdroFX Contact
- Website: https://adrofx.com/
- Email: support@adrofx.com
- Phone: +44 2039 661 194
- Live Chat: Available on the AdroFX website
Please note that the above information is subject to change Traders are advised to visit the AdroFX website for the most up-to-date contact information and to contact the customer support team directly for any inquiries or issues.
AdroFx Reviews: Conclusion
AdroFX could be a suitable choice for CFD traders seeking efficient customer support, fast trade execution, and a diverse range of financial instruments used. Nonetheless, it is advisable to conduct thorough research on AdroFX before making any commitments to determine whether it aligns with your trading requirements.
After conducting an AdroFX review, we have concluded that it is a competitive forex trading platform that offers a plethora of options to cater to its client’s needs. If you are interested in trading forex, stocks, and cryptocurrencies through CFDs, then AdroFX may be the right forex broker for you.
Frequently Asked Questions
To complete our review of AdroFx, here is a list of frequently asked questions.
What Trading Instruments Are Available?
AdroFX provides an extensive array of trading instruments that includes major/minor/exotic currency pairs, commodities, indices, cryptocurrencies, and stocks. Their spreads are highly competitive as well. It’s important to note that varying account types offer different spreads, so it’s recommended to select the account that aligns with your specific trading needs.
What Trading Account Types Are Available?
AdroFx`s clients can choose between numerous trading accounts, including MetaTrader and Allpips accounts. Traders have an alternative to choose between fiat or crypto accounts and there is an option to open Cent, Islamic, and even demo accounts. Make sure to consider your trading goals, starting capital, and assets you are going to trade while picking the best account type so it meets all your needs and ideas.
Is AdroFx A Good Forex Broker?
The company has proved to be reliable and constantly enhancing to deliver the best and the most convenient trading experience. They offer competitive trading conditions, such as low spreads and high leverage, which can potentially increase your trading profits.
AdroFx’s customer support is available 24/5 and is known for being responsive and helpful, ensuring that traders have the support they need to make informed trading decisions.
Can I Get a 100% Deposit Bonus?
AdroFx is striving to encourage its clients with numerous different promotions, programs, and bonus offers, including a 100% welcome bonus and a refer-a-friend program.
Can I Withdraw From AdroFx?
All the withdrawals are processed within 24 hours (not counting the weekend) so AdroFx`s clients have no issues getting their profits.
What is a micro account, and how does it differ from a standard trading account?
A micro account is a type of trading account that caters primarily to the retail investor and you to trade with smaller amounts of money than a standard account. Micro accounts typically have smaller minimum deposit requirements and offer higher maximum leverage and ratios than standard accounts.
How Do I Download MT4?
One can easily download the MetaTrader 4 terminal from the broker`s website and start trading right away.
Is Automated Trading Possible?
Certainly. AdroFx allows automated trading through the MT4 platform, and professional traders have reported success using multiple expert advisors (EAs) on their trading accounts.
What are trading signals, and how can they help me make better trading decisions?
Trading signals are indicators or alerts that provide information about potential trading opportunities. At AdroFX, clients can access free trading signals directly on their trading platform, which can help them make informed trading decisions.
Can I fund my trading account using a bank transfer, and how long does it take for bank wire transfers to process?
Yes, you can fund your AdroFX trading account using a bank transfer. Deposits are processed instantly in case there is no need for additional verification.
Does AdroFx Have An Affiliate Program?
Are you interested in profiting from the forex market? AdroFX broker offers an affiliate program that can assist you in achieving this goal. Similar to other forex brokers, AdroFX provides an affiliate program that allows promoters to earn a commission by introducing new individuals to the broker. With the AdroFX broker affiliate program, it’s possible to earn up to a 70% revenue share, as well as a 15% bonus for referring another affiliate. Additionally, they offer a range of promotional materials and incredibly helpful support to assist you in promoting their services.
Is AdroFx reliable?
With Vanuatu Financial Services Commission (VFSC regulation), AdroFx has demonstrated its commitment to maintaining high standards of service and transparency in the forex trading industry.
The brokerage company has been providing its forex trading service to retail and institutional clients for several years and is considered trustworthy and legitimate.
What should I look for in a good broker?
When choosing a broker, you should look for factors such as regulation, reputation, customer support, trading platforms, and account types and features. AdroFX is a regulated online broker with a strong reputation and offers a range of trading services and account types and features to meet the needs of different traders.
How can I find a regulated online broker to ensure the safety and security of my funds? Answer: You can find a regulated online broker by checking with the regulatory authorities in your country or region. AdroFX is regulated by the Vanuatu Financial Services Commission (VFSC regulation) and is committed to ensuring the safety and security of client funds.
How much leverage can I get with a micro account?
With a micro account at AdroFX, you can get leverage of up to 1:500, depending on the instrument being traded.
Are there any minimum deposit requirements for opening a micro account? Yes, the minimum deposit required to open a micro account at AdroFX is 25 USD EUR GBP.