AdroFx Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $25
- MetaTrader4
- Allpips
- VFSC
- 2013
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $25
- MetaTrader4
- Allpips
- VFSC
- 2013
Our Evaluation of AdroFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
AdroFX is a broker with higher-than-average risk and the TU Overall Score of 4.08 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AdroFX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
AdroFx works with both MetaTrader 4 and Allpips. Flexible conditions for choosing an account type provide this company's clients with comfortable trading, while its fee policy is at the top level, and in certain moments even more profitable. Leverage, minimum trade volume, and stop-outs are quite typical for the segment. Negative balance protection and a personal account manager for all account types are available. Experts also note convenient copy trading and prompt technical support as an advantage. However, this broker has regional restrictions, and all assets are CFDs.
Brief Look at AdroFX
AdroFx offers contracts for difference (CFDs) on currency pairs, stocks, indices, cryptocurrencies, and metals. Traders can open accounts on MetaTrader 4 or Allpips platforms. There are 8 account types, with a demo option for each. The minimum deposit is $25, leverage is up to 1:500, and trading volume is from 0.01 lots and from 0.0001 lots for Micro. Spreads are floating from 0.4 pips. Also, there are neither trading fees nor withdrawal fees, if the withdrawal amount meets or exceeds the minimum amount. The basic currencies are the USD, EUR, and GBP. BTC and ETH cryptocurrencies are available for Allpips. AdroFx provides loyal starting conditions due to special bonuses and promotions. There is a referral program and an integrated copy trading service.
- Large choice of account types on two platforms allows for choosing the most individualized options for each trader;
- This broker guarantees a transparent fee policy with below-market average fees and no withdrawal fees subject to market conditions;
- Registration takes a few minutes, verification is also fast, and bonuses significantly reduce the entry threshold for new clients;
- Extensive pool of assets combined with moderate leverage provides flexible trading conditions and high-profit potential;
- This company provides trading guides, regularly posts educational videos, and has analytics and trading signals;
- The copy trading service is transparent and intuitive, and it allows you to receive additional income and trade with reduced risks;
- Technical support is available 24/5 by phone, email, live chat, and tickets on the website.
- There are only CFDs in this broker's trading pool;
- This company provides its services in over 200 regions, but residents of Suriname, North Korea, Syria, and some other countries cannot become its clients;
- Technical support is rated as up-to-date, however, it is not available on weekends.
TU Expert Advice
Financial expert and analyst at Traders Union
This company was founded by professional financial experts who have more than 60 years of experience. The result is an easy-to-learn and easy-to-use platform for traders that has been successfully providing first-class conditions for many years. AdroFx is registered in Vanuatu and is therefore locally regulated.
The pivotal feature of this broker is a large choice of account types divided between two platforms. There are five account types for MetaTrader 4, and three account types for Allpips. Each account can be opened in live and demo versions. Account types differ in basic parameters, such as minimum trade volume, spreads, stop-outs, etc. Spreads on all account types are floating and start from 0.4-2 pips. There are no fees on any account type. Also, this broker does not charge a withdrawal fee subject to a certain amount (for example, at least $10 for Visa cards).
The trading conditions of AdroFx correspond to those of its top competitors. Although it is worth considering a few nuances. For example, this broker has hundreds of assets, but all of them are only in the form of CFDs. The copy trading service is standard, but it cannot be used by traders who work through MT4. On the other hand, VPS is not available for Allpips and you cannot use expert advisors, which are allowed on MetaTrader. If you are unfamiliar with this broker, it is important to study all the conditions in detail and choose the best option for yourself.
It is also worth considering regional restrictions, although all brokers have them. Traders often report that technical support is not available on weekends, but this is quite a typical situation, as there are very few brokers whose support is available 24/7. Conditions of the referral program are opaque and not the most profitable when compared with the offers of this broker’s competitors. But this company has a lot of bonuses, including a 100% deposit bonus. However, in order to get the maximum potential from special promotions, you will have to try very hard. Despite the disadvantages, this broker can still be recommended for review.
AdroFX Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 4 and Allpips |
|---|---|
| 📊 Accounts: | Micro, Micro Pro, Cent Pro, Standard, Fiat, Crypto, Premium, and Pro |
| 💰 Account currency: | USD, EUR, GBP, BTC, and ETH |
| 💵 Replenishment / Withdrawal: | Visa, MasterCard, bank transfer, RayRedeem, Payeer, Perfect Money, Skrill, Sticpay, as well as Bitcoin, Ethereum, and Tether crypto e-wallets |
| 🚀 Minimum deposit: | $25 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 (0.0001 for Micro) |
| 💱 Spread: | Floating, from 0.4 pips |
| 🔧 Instruments: | CFDs on currency pairs, stocks, indices, cryptocurrencies, and precious metals |
| 💹 Margin Call / Stop Out: | Subject to the account type |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: |
Eight live accounts plus demo option for each; Two trading platforms; Only CFDs are available; Moderate leverage; No trading fees; Integrated copy trading service. |
| 🎁 Contests and bonuses: | Yes |
If a broker offers several trading account types, then, as a rule, the minimum deposit for account type is different. This is because each account type has its own conditions. AdroFx’s clients can open one of eight account types. On Micro and Cent Pro accounts, the minimum deposit is $25, while trading on Standard, Micro Pro, Fiat, and Crypto accounts will require a minimum of $100. The largest minimum deposits on Premium and Pro accounts are $2,000 and $10,000, respectively. Leverage is the same for all accounts; however, it differs depending on the selected asset. The maximum trading leverage is 1:500 for currency pairs, and for other trading instruments, it is lower. Each client, regardless of the account type, is provided with a personal manager. Support is available 24/5, that is it’s not available on weekends.
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Trading Account Opening
To start working with this broker, create a user account. Also, verification is required. After that, make a deposit, download the chosen platform, and start trading. TU experts have prepared the below detailed guide on registration and features of the AdroFx’s user account.
Go to this broker's website. Select the interface language at the top and click the “Start Trading” button.
Indicate your first and last names, and your country of residence. Enter your email address and phone number. Then create a password that meets security requirements and agree to the terms of cooperation by ticking the box. Click the “Register Now” button.
Check your email for a link to confirm your address and click it.
Go to the “Documents” section of your user account. Provide scans/photos of documents that can confirm your personal information. Follow the instructions on the screen.
Wait for verification to complete. Go to the “Accounts” section and click the “Open Account” button. Select your account options and click the “Confirm” button.
Go to the “Funding” section. Select a channel to fund your account. Follow the instructions on the screen to make a deposit. As soon as the funds are credited to your account, you can start trading after you have downloaded the appropriate platform.
Features of the user account:
Traders can manage their accounts from a common dashboard. Detailed information on trades, archives, and reports are available here;
Traders can make deposits and withdraw profits through the selected channel. Also, internal transfers may be made in the user account;
Here blocks with training materials, the MT4 distribution kit, and a link to go to the Allpips online platform are located;
Data on the partnership program and the Refer a Friend program are available in the user account, and copy trading is also managed from it;
There is a separate block for user data and for uploading documents.
Regulation and safety
Only an officially registered broker with reputable regulation can potentially guarantee security of user funds and data. AdroFx's parent company is registered in Vanuatu, is headquartered there, and is subject to local laws. It is regulated by the Vanuatu Financial Services Commission (VFSC) with number 700546. Potentially, this indicates that this broker fulfills its obligations to its clients and acts transparently. If you want to study reviews of real users for confirmation, pay attention to proven resources, such as the TU website. TU deletes all fake and advertising comments, and only reviews posted by users who actually work or have worked with a particular broker remain.
Advantages
- Traders can contact this broker’s client support
- The broker’s clients can apply to VFSC
- Contact Traders Union’s legal department for free consultation and representation. It protects its members’ rights without charge.
Disadvantages
- No opportunity to address any financial authority outside Vanuatu
- No opportunity to contact other regulators except for VFSC
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Micro | $2 | No |
| Micro Pro | $4 | No |
| Cent Pro | $4 | No |
| Standard | $12 | No |
| Fiat | $4 | No |
| Crypto | $4 | No |
| Premium | $4 | No |
| Pro | $4 | No |
The broker does not charge a withdrawal fee if traders withdraw at least the indicated minimum amount. For example, it is $10 for MasterCard and $20 for Tether e-wallets. If the amount is less, a fee will be charged. For instance, if you withdraw less than $10 via Skrill, the additional fee will be 1% of the amount. Note that fees may also be set by third parties involved in the withdrawal process, such as banks or wire transfer systems. Traders need to clarify this point in advance. The comparative table below shows the average trading fees of AdroFx and its closest competitors.
| Broker | Average commission | Level |
|---|---|---|
|
$4.75 | |
|
$1 | |
|
$8.5 |
Account types
First, study the conditions of each of the eight account types because the trading parameters are very different. The Micro account is suitable for novice traders to use for practice, or for experienced players to work out strategies in the real market. The Standard account is universal and suitable for anyone who wants to trade CFDs. Premium and Pro accounts are aimed at professional players who work with substantial capital and make impressive bets. Finally, the Crypto account for the Allpips platform uses cryptocurrency as its basic currency. Note that CFDs on cryptocurrencies are available on all account types except for Micro and Micro Pro. In addition to selecting an account, be sure to evaluate the capabilities of the platforms, test them in demo mode, and choose the one that best suits your goals.
Account types:
The standard practice for a trader is to first open a demo account to explore this broker's trading conditions. The peculiarity of AdroFx is that there are separate demo accounts for each live account type. That is, for example, there is a demo for Micro and a demo for Pro, etc. This is convenient because traders immediately work with the parameters that will be available to them on a live account. Users can test several accounts before making their final choice.
Deposit and Withdrawal
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If traders work on a demo account, they use virtual funds and cannot make real profits;
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When trading on a live account, this broker's clients have the opportunity to earn money, subject to success of their trades;
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Withdrawal of funds is available at any time, and is submitted through the user account;
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Traders can withdraw funds through Visa, MasterCard, bank transfer, PayRedeem, Payeer, Perfect Money, Skrill, and Sticpay;
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Bitcoin, Ethereum, and Tether crypto e-wallets are relevant only for the Crypto account;
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There is no fee if the withdrawal amount meets or exceeds the minimum required amount.
Investment Options
All investments are not equal. For example, referral programs are also sometimes called an investment or a source of passive income, although this is not the case. In order to receive a significant income from such a program, you need to be very active on the internet, which takes a lot of time and effort. That, by definition, is not passive. More often, the traditional option for additional income is the copy trading service, which can be via the broker’s proprietary (own) software or that of a third party. AdroFx offers its own copy trading service and a referral program.
Referral program from AdroFx:
An individual or legal entity can register on the website as a partner to invite new users and in exchange receive a fee. The reward is given for referrals’ trade volume (1 lot = $30), for converting traffic into profit (up to $1,200), or for a joint option (1 lot = $15, plus up to $600 for conversion). Note that the IB (Introducing Broker) partnership program is not related to the Refer a Friend (referral) program, although they operate on similar principles. According to the conditions of the Refer a Friend program, traders can send a special link to their contacts. If contacts follow the link, they become referees of the link’s owner. When certain conditions are met (registration, verification, and deposit), referrals bring a cash bonus to the link’s owner.
Copy trading service from AdroFx:
The broker's proprietary service is integrated into the main platform and, therefore, it does not require additional registration. Traders can choose signals providers from the registry and subscribe to them, becoming investors. Before copying, set the coefficient, which reflects the difference between provider's bet and the investor's bet. If the provider’s trade is successful, the provider and its investors receive a profit proportional to their bets. Investors also pay providers a fee, known in advance, for their services. If a trade fails, everyone loses their bets. The operation of the platform is transparent, and investors receive complete statistics on each signals provider. There are no additional fees. In addition to passive income, copy trading is beneficial in that it gives investors a unique experience based on the analysis of trades of experienced players.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Customer support
Technical support is crucial for any company. Clients of any broker sooner or later face issues that they are not able to resolve on their own. Whether the reason is an atypical trading situation or a technical moment, traders require prompt and expert assistance. If they do not get help, a broker may lose a client. That is why AdroFx pays special attention to the work of its managers. They are available 24/5, that is, even at night and without breaks. But you can contact them only on weekdays.
Advantages
- Non-clients of this broker can contact technical support
- Managers are available via phone, email, live chat, and tickets
- Traders can place orders even at night
Disadvantages
- Support is not available on weekends
Whether you are AdroFx’s client or just intend to register with it, technical support is ready to help you with trade-related questions. Use the following communication channels to contact it:
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call center;
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email;
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live chat on the website and in the user account;
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tickets on the page.
The broker has its profiles on Twitter, Instagram, and Facebook. You can also contact support through them. Subscribe to this broker's profiles to stay up-to-date with its latest news and promotions.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | Govant Building, BP 1276, Port Vila, Vanuatu |
| Regulation |
VFSC
Licence number: 700546 |
| Official site | https://adrofx.com/ |
| Contacts |
+44 741 837 6348
|
Education
Traders are only successful when, in addition to practice, they constantly learn new trading methods. As a rule, specialized literature, expert articles, reviews, and analytical materials in blogs become a source of information for novice traders and experienced market participants. Some brokers offer full-fledged training, while others may be limited to elementary FAQs. The presence or absence of a large amount of training materials is a good feature of a broker, and not its constructive plus or minus. However, AdroFx’s clients have access to a significant amount of information.
The broker's training system is aimed primarily at novice traders. There is a trader's glossary, explanatory articles, and video tutorials. Lessons are conveniently structured by topic, they are short, and are very visual. However, comprehensive professional growth will require third-party sources of information.
Comparison of AdroFX with other Brokers
| AdroFX | RoboForex | Pocket Option | Exness | InstaForex | 4XC | |
| Trading platform |
Allpips, MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader | MT5, MT4, WebTrader |
| Min deposit | $25 | $10 | $5 | $10 | $1 | $50 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.3 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
10% / 5% | 60% / 40% | 30% / 50% | No / 60% | 30% / 10% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | Yes | Yes | No | No | Yes | No |
Detailed review of AdroFx
This broker has existed for more than 20 years, but it has repeatedly changed its name due to rebranding. AdroFx is a trademark of ADROMKT Limited, registered in Vanuatu. Official registration and regulation by the Vanuatu Financial Services Commission (VFSC) are verified. Nothing is known about this company’s technological stack, however, dynamic testing showed that orders are executed within 30-50 ms. Moreover, this broker’s registered users can get VPS. All this proves that this broker has all the technical capacities necessary to provide services at a modern level.
AdroFx by the numbers:
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Minimum deposit is $25;
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8 account types and 2 trading platforms are available;
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Minimum spread is 0.4-2 pips;
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Maximum leverage is 1:500;
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Services are provided in more than 200 countries.
AdroFx is a CFD broker for novice and experienced traders
Traders distinguish the variety of assets as one of the main criteria for comfortable work. AdroFx offers hundreds of CFDs on currency pairs, stocks, indices, cryptocurrencies, and precious metals. This is quite enough to form a diversified portfolio and not limit your strategies. Moreover, this broker does not set any restrictions; thus traders can scalp, hedge, transfer positions overnight, and use robots. Leverage is moderate, and many brokers provide it at a level greater than 1:500, but you need to understand that leverage increases not only the profit potential but also increases risks. AdroFx has a negative balance protection system, which greatly helps novice traders in managing risks.
Useful services offered by AdroFx:
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Trading signals. Signals are probable points to enter a potentially successful trade. This company offers each trader 5-7 free signals per day;
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Virtual server. Traders can get their own VPS, which will provide stable and secure trading 24/7.
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Trading calculator. It is a simple but crucial service needed to calculate the required margin, and cost of points and pips.
Advantages:
The broker provides flexible entrance conditions, such as a demo account for each of the eight account types, a minimum deposit of only $25, free basic training, and many bonuses;
The broker has modern trading characteristics, such as spreads at market average, no trading and withdrawal fees, and no restrictions on strategies;
This broker's clients can earn additionally on the partnership program and copy trading. Copy trading is implemented in an intuitive format with equally beneficial conditions for signals providers and investors;
AdroFx provides good analytics. In addition to the economic calendar, there is a permanently updated newsfeed. Expert analysis is provided by a separate block, and recommendations are issued daily;
Technical support works 24/5. You can contact it via phone, email, live chat, and tickets on the website.
User Satisfaction