AdroFX

AdroFX Review: Is AdroFX a Good Broker?

Broker Overview: Is AdroFX Safe?

AdroFx is a broker with a team of professionals with extensive experience in financial markets, banking and fintech. The company combines best practices from financial market leaders with cutting-edge technology to meet the needs of both retail and institutional clients. The broker offers more than 115 trading instruments and serves clients in over 200 countries with an average execution speed of 11.07 milliseconds. The company has a team of over 100 people worldwide.

Broker Licensing and Regulation

If you ask whether AdroFX broker is good or not, you must first consider the license factor. The broker has the following licenses:

• Vanuatu Financial Services Commission (VFSC) License No. 700546 under ADROMKT Limited.

Broker Products and Services

Trading products

The broker offers over 70 tradable instruments, including:

• Forex (Foreign Exchange):Trade CFDs on currency pairs, speculating on exchange rate movements between currencies such as EUR/USD, USD/JPY and GBP/USD.

• Stock CFDs:CFDs on shares of companies allow you to speculate on the price movements of these shares without directly owning the underlying shares.

• Crypto CFDs:CFDs on popular cryptocurrencies such as Bitcoin, Ethereum and more. Gain exposure to the volatile cryptocurrency market without owning the coins directly.

• CFDs Index:CFDs on indices such as the S&P 500 (US stocks) or the DAX (German stocks) allow you to speculate on the overall performance of the underlying market sector represented by the chosen index.

• Spot Metals CFDs:Spot metals refer to the current market price of precious metals, such as gold and silver. AdroFx offers CFDs on precious metals, allowing you to speculate on price movements without the need to physically own them.

Trading Platform

MT4 Platform (Web and Mobile)

• Web Trading: This allows you to access the MT4 platform directly through your internet browser without downloading any software.

• Mobile Trading: AdroFx offers an MT4 mobile app that allows you to manage your account, monitor the markets and potentially execute trades from your smartphone or tablet.

• Benefits of MT4:

• User-friendly interface: Suitable for both beginners and experienced traders.

• Advanced charting tools: Provides a wide range of technical indicators for market analysis.

• Automated Trading: Allows to create and execute algorithmic trading strategies (expert advisors).

Allpips

• It is very similar to MT4, but the broker has made some changes to provide different functions.

Account Type Review

The broker offers the following live trading account options (on MT4):

Standard Account

• Minimum deposit: $100

• Spread: 1.2 pips

• volume: 0.01 lots

• leverage: 1:500

Premium Account

• Minimum deposit: $2000

• Spread: 0.4 pips

• volume: 0.01 lots

• leverage: 1:500

Pro Account

• Minimum deposit: $10,000

• Spread: 0.3 pips

• volume: 0.01 lots

• leverage: 1:500

Micro Pro Account

• Minimum deposit: $100

• Spread: 0.4 pips

• volume: 0.0001 lots

• leverage: 1:500

Micro Account

• Minimum deposit: $25

• Spread: 2.0 pips

• volume: 0.0001 lots

• leverage: 1:500

Deposit and Withdrawal Review

AdroFX broker accepts deposits via bank transfer, credit/debit cards and e-wallets such as tether, tron, bitcoin, ethereum, payeer, perfect money, skrill, neteller, striay.

Support and Customer Service

Customer support is available 24 hours a day, Monday through Friday, through the following channels:

• Live chat

• Email:[email protected]

• International phone number: +44 741 837 6348

• Supported languages include English, Spanish, Russian, and Chinese.

AdroFX Review: Pros and Cons

strength

• Wide range of products:There are over 70 tradable instruments including Forex, Stock CFDs, Crypto CFDs, Index CFDs and Spot Metals CFDs.

• Multiple account types:There are different account options with varying minimum deposits, spreads and leverages to suit different trading styles and capital requirements.

weakness

• The broker's license is Tier D, which can be a problem for some traders who need strict regulatory oversight.

• Limited information about Allpips:The details and functionality of the Allpips platform compared to MT4 are unclear.

• Limited Stock CFD Selection Potential:Selection of specific stock CFDs may be limited compared to full-featured stock brokerage platforms.

• There is no Thai language customer support and the service is only available 24/100.

Broker Overview

AdroFX is a broker that stands out for offering a wide range of products, such as Forex, CFDs on stocks, CFDs on cryptocurrencies, and precious metals, allowing investors to choose from a variety of assets to suit their needs. They also offer a variety of account types to accommodate all levels of investors. However, the Tier D license may not be suitable for investors who require high security, and customer service is limited to English and is available 24/100. AdroFX is a broker suitable for investors who can accept regulatory risks.

AdroFX FAQ

Q - Can traders get a free VPS?

A - AdroFX broker offers a standard VPS server package to PRO account holders for free. If you are a beginner or a robot user, you can join the EA promotion.

Q - Are there any free Swap accounts?

A - Swap-Free accounts are available to clients. After converting the account to swap-free, no swap fees will be charged, but a fixed overnight fee will be deducted for each open trade. Any trades opened with a holding period of more than 3 days will be charged a fixed management fee. Management fees for all instruments can be viewed.

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AdroFX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.