AdroFX Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of AdroFX trading signals. You will learn what kinds of trading signals AdroFX offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | USD, EUR, GBP, BTC, and ETH |
| 🚀 Minimum deposit: | $25 |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 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 |
AdroFX Pros and Cons
👍 Advantages of trading with AdroFX:
•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.
👎 Disadvantages of AdroFX:
•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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
AdroFX Trading Signals
Any broker's trading fee usually consists of two commissions, namely spreads and fees. Sometimes no fee is charged. Spreads can be floating or fixed, raw or standard. AdroFx offers standard floating spreads, the value of which depends on the selected account type. The minimum range is 0.4-2 pips. However, traders should not forget that the size of each spread is determined by market conditions. Therefore, in most cases, the actual spread is higher than the declared one. AdroFx has average market indicators, that is, most brokers have approximately the same spreads. An important plus is that there is no trading fee on any type of account.
| 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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that AdroFX does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.