AdroFX Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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VFSC Revoked 
A very trustworthy trading company! During the whole process, I had no fear for my money's safety. The staff was very helpful and resolved all the issues I faced. I had an amazing experience and definitely recommend it!
Adrofx has garnered attention as a forex and cryptocurrency broker since its inception in 2018. While many users report positive experiences with its trading platform and customer service, others express concerns regarding regulatory oversight and withdrawal processes. This review aims to provide a comprehensive overview of Adrofx, highlighting both its strengths and weaknesses.
Note: It is important to recognize that Adrofx operates through multiple entities across different jurisdictions, which can affect the level of regulatory protection available to traders. This review strives for fairness and accuracy by considering various perspectives.
| Category | Score (Out of 10) |
|---|---|
| Account Conditions | 7.5 |
| Tools and Resources | 6.0 |
| Customer Service and Support | 6.5 |
| Trading Setup (Experience) | 7.0 |
| Trustworthiness | 5.0 |
| User Experience | 7.0 |
| Overall | 6.5 |
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert opinions, and factual data regarding broker services.
Founded in 2018, Adrofx operates under the regulatory oversight of the Vanuatu Financial Services Commission (VFSC) and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. The broker offers a wide array of trading instruments including forex, CFDs, stocks, indices, and cryptocurrencies. Traders can choose between two primary platforms: the widely used MetaTrader 4 (MT4) and Adrofx's proprietary web-based platform, Allpips.
Adrofx is regulated in several offshore jurisdictions, which raises concerns regarding the level of investor protection. The VFSC and FSA are not considered tier-1 regulators, leading to a lower trust score among users. Many traders have pointed out that while the broker is operational in over 200 countries, it does not accept clients from the United States, North Korea, Syria, and Suriname.
Adrofx supports a range of currencies for deposits and withdrawals, including USD, EUR, and GBP. Additionally, it accepts several cryptocurrencies such as Bitcoin and Ethereum. The minimum deposit required is relatively low at $25, making it accessible for new traders.
Adrofx offers various promotional bonuses, including a 100% deposit bonus for new clients, which can significantly enhance trading capital. However, some traders have expressed concerns about the terms associated with these bonuses, noting that they may come with restrictions that complicate withdrawals.
Traders at Adrofx have access to over 115 financial instruments. This includes more than 60 forex pairs, several indices, and a limited selection of stocks and cryptocurrencies. While the range is decent, some users have noted that it lacks the breadth offered by more established brokers.
Adrofx is known for its competitive spreads, which can start as low as 0.3 pips, particularly for premium account holders. Importantly, the broker does not charge commissions on trades, making it attractive for active traders. However, users should be aware of potential withdrawal fees and an inactivity fee of $5 after six months of no trading activity.
The broker offers leverage of up to 1:500, which can amplify both potential profits and risks. While this is appealing for experienced traders, beginners are advised to approach high leverage with caution.
Adrofx provides access to the popular MT4 platform, which is favored for its robust features and user-friendly interface. The Allpips platform is also available, focusing on social and copy trading, though it is less well-known than MT4.
As previously mentioned, Adrofx does not accept clients from certain countries, including the United States and North Korea. This limitation may affect the broker's appeal to a global audience.
Customer support at Adrofx is available in English and Russian, offering several channels for assistance, including email, live chat, and phone support. However, the support team is not available on weekends, which can be a drawback for traders needing assistance outside of standard trading hours.
| Category | Score (Out of 10) |
|---|---|
| Account Conditions | 7.5 |
| Tools and Resources | 6.0 |
| Customer Service and Support | 6.5 |
| Trading Setup (Experience) | 7.0 |
| Trustworthiness | 5.0 |
| User Experience | 7.0 |
| Overall | 6.5 |
Adrofx offers a variety of account types, including micro and standard accounts, with a low minimum deposit requirement. This flexibility is beneficial for traders of all experience levels.
While Adrofx provides educational resources, including videos and a glossary, the depth of these materials may not be sufficient for more advanced traders.
Customer support is generally responsive, but the lack of weekend availability limits accessibility for traders needing urgent assistance.
Users report a generally positive trading experience, with effective execution speeds and a stable platform. However, some have encountered issues with order execution during high volatility.
The offshore regulatory status and mixed user reviews regarding withdrawals contribute to a lower trust score.
Overall, user feedback indicates satisfaction with the platform's usability and features, though concerns about withdrawal processes remain prevalent.
In conclusion, Adrofx presents a mixed bag for potential traders. While it offers competitive trading conditions and a user-friendly platform, the regulatory environment and mixed feedback regarding customer support and withdrawal processes warrant careful consideration. Always ensure to thoroughly research and understand the terms before engaging with any broker, including Adrofx.
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