AdroFX ReviewCategory: Reviews | Author: Trading Brokers | Date: May 22, 2023
Launched in 2018, AdroFx is an established online retail broker with a wealth of trading experience. They offer more than 115 trading instruments while delivering an innovative trading facility for assets such as forex, indices, commodities, metals, and cryptocurrencies. They give traders access to advanced trading platforms, including the MT4, which is available in desktop, web, and mobile versions. As a service-focused, global online trading brokerage, AdroFx offers online trading services to 200 countries and regions. The minimum deposit amount required to start trading is $25. In this detailed AdroFx review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Pros & Cons
- User-friendly MetaTrader 4 platforms
- Account types for different trading styles
- No commission fees
- Over 115 financial instruments
- Flexible leverage
- No MetaTrader 5 platforms
- Lacks strict regulation
- Limited asset classes to trade
- Not the lowest spreads you will find
Based in Kingstown, Saint Vincent and the Grenadines, AdroFx is an online financial services provider that was formed by a team of professionals with decades of experience in the financial markets, the banking sector, fintech, and more. AdroFx offers online brokerage services to retail and institutional clients. There is a plethora of learning materials and helpful trading tools on their website. They give traders access to various competitive trading conditions, such as low spreads from 0.3 pips, multiple payment methods, leverage of up to 1:500, and more.
AdroFx brand is authorized and regulated in various jurisdictions as follows:
- Adro Markets Ltd is regulated by the business Services of Saint Lucia Act, with the Cap/No.: 2020-00157.
- Adro M Group LLC, which is incorporated in St. Vincent and the Grenadines, number 1061 LLC 2021 by the Registrar of International Business Companies, and registered by the (FSA) Financial Services Authority.
- Adro(Fx) Group Ltd, in the process of receiving a license from The Vanuatu Financial Services Commission (VFSC) the company offers Foreign Exchange and CFD trading on multiple trading platforms.
AdroFx does not provide services to residents of Suriname, North Korea, the USA, Syria and other jurisdictions where the use of such services would be contrary to local law or regulation. Some AdroFx features and products mentioned within this AdroFx review may not be available to traders from certain countries because of legal restrictions.
AdroFx provides traders with various trading platforms, including the Allpips and MT4 trading platforms. The MT4 is an advanced trading platform that was launched in 2005 to enable users to trade the global financial markets easily. Since its launch in 2005, the MT4 trading platform has grown to become the choicest trading platform among forex and CFD traders. The platform features a plethora of helpful trading tools — charts, expert advisors, one-click trading, and more — to give traders an enhanced trading experience. The MT4 trading platform is available in desktop, web, and mobile versions.
On the other hand, Allpips integrates seamlessly with modern technology and design to provide users with a unique learning experience and effective trading environment. The platform also offers multiple chart types, technical indicators and analysis tools, supporting several trading windows and unique watchlists. The Allpips platform is web-based. Hence, it requires no downloads or installation of additional software.
Traders are provided with a selection of useful standalone trading tools to help them get the most out of their trades. These tools include technical analysis, trading signals, trading calculators, an economic calendar, and a VPS that ensures 24/7 and zero downtimes.
There is a vast selection of educational resources on the broker’s website; they are designed to help traders make knowledgeable trading decisions. The available resources include learning articles, trading knowledge, video tutorials, e-books, glossaries, seminars, webinars, and news that keeps traders up-to-date with the latest happenings in the financial markets.
AdroFx offers over 115 financial instruments across different asset classes, such as forex, indices, commodities, metals, cryptocurrencies, and more.
The following live trading account options are available at AdroFX: Micro ($25), Standard ($100), Premium ($2,000), and Pro ($10,000) accounts. There is a demo account option for practice purposes. The broker also offers swap-free Islamic accounts for clients of the Muslim faith who cannot pay swaps. As broker fees can vary and change, there may be additional fees that are not listed in this AdroFx review. It is imperative to ensure that you check and understand all of the latest information before you open an AdroFx broker account for online trading.
The broker provides traders with a professional customer support team who are available 24/5 and can be contacted via any of the following contact channels: telephone, email, social media, Live Chat, and online form.
At AdroFx, all account deposit and withdrawal requests are processed using any of the following payment methods:
- Bank Transfers
- Credit/Debit cards
- Electronic payment processors
The time taken to process transactions may vary depending on the payment method used.
Operating from Kingstown, Saint Vincent and the Grenadines, AdroFx is an online financial services provider that is regulated in various jurisdictions. The broker offers the online trading of multiple financial instruments across different asset classes. Their clients are provided with advanced trading platforms, helpful trading tools, educational resources, and the services of a reliable client support team. The minimum deposit required to start trading is $25.