AdroFX Review 2022

3.9
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AdroFX is a regulated online broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.

Current Promotions

Claim A 100% Deposit Bonus With AdroFx

Bonus100% deposit bonus
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit$25
Payment Methods
Min. Trade0.0001 lot
Regulated ByFSA, BSSLA, VFSC
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountYes
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes (EAs)
Social TradingYes
Copy TradingYes
Trade SignalsYes - Smart Signals
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
CFD TradingAdroFX offers margin trading on CFDs across popular financial markets.
CFD FTSE SpreadFrom 9.0
CFD GBPUSD SpreadFrom 0.5
CFD Oil SpreadN/A
CFD Stocks SpreadFrom 3.0
CFD Leverage1:500
Forex TradingAdroFX clients can trade more than 60 major, minor and exotic forex pairs.
Forex GBPUSD SpreadFrom 0.5
Forex EURUSD SpreadFrom 0.4
Forex EURGBP SpreadFrom 1.5
Forex Assets60+
SpreadbettingYes
Crypto TradingTrade some of the most popular cryptocurrency CFDs against the US Dollar with tight spreads.
Crypto SpreadFrom 3.0
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BTC
  • ETH
  • LTC
  • XRP
Risk Warning – Your capital is at risk

AdroFX is a global finance broker offering a range of instruments to clients in over 200 countries. In this 2022 review, we break down fees and spreads, account options, customer service and any additional features offered. Find out whether to register with AdroFX.

AdroFX Overview

With a team of 100+ experienced professionals, the company has a proven track record of strong financial results. Offering one of the most popular CFD trading platforms and providing live support 24/5, AdroFX is a trusted market front-runner and innovator.  The brokerage also offers seven live accounts, 1:500 leverage, a 100% bonus offering, plus spreads from 0.3 pips.

Adro Markets Ltd is regulated by the Business Services of Saint Lucia Act. Adro M Group LLC is registered with the Financial Services Authority (FSA) in St. Vincent and the Grenadines, and ADROMKT is regulated by the Vanuatu Financial Services Commission (VFSC).

Trading Platforms

MetaTrader 4

AdroFX offers two trading platforms. The first is MetaTrader 4 (MT4), a popular terminal with beginner traders. MT4 has a range of features, including bespoke charting options, market analysis tools, technical indicators and support for algorithmic and social trading. A selection of instant and pending order types are also available, plus an integrated newsfeed.

In addition, MT4 comes with the option for a multi-terminal. This allows users to manage multiple accounts at the same time with one master login and password.

All of these features are available via desktop software, a web browser, or through an easy-to-use mobile app.

AdroFX Trading Platform 1
MetaTrader 4

Allpips

AdroFX also offers Allpips, which integrates technology and design to provide its users with a unique learning experience and a user-friendly investing environment. The platform offers multiple chart types, technical indicators and analysis tools, plus support for several trading windows and custom watchlists.

AdroFX Trading Platform 2
Allpips

Clients are also able to automatically copy the positions of successful investors. When the pros open or close a trade, so do their followers. This is a particularly useful feature for beginners who may not be as confident in their trading abilities.

AdroFX social trading platform
Copy Trading

Assets & Markets

AdroFX covers many of the most popular financial markets, including forex, stocks, cryptocurrencies, indices and commodity CFDs. In total, there are over 115 financial instruments that can be traded, facilitating a wide range of risk management strategies, profit opportunities and market exposure.

Fees

AdroFX offers zero commissions and tight spreads that vary between accounts. Spreads start as low as 0.3 pips with the pro account and are kept minimal through to the micro account, which offers an accessible minimum deposit of just $25. Typical spreads on major forex pairs, such as the EUR/USD, are 0.8 pips, while on gold the average spread is 5.0 pips.

The broker is also transparent about additional fees, with details of overnight rates listed on the official website.

Note that the company charges $5 inactivity fee when an account hasn’t been used in over six months.

AdroFX Leverage

Maximum leverage for all AdroFX accounts maxes out at 1:500. Whilst this can be helpful in terms of increasing position sizes and earning potential, the risk of losses is also magnified, so care should be taken when margin trading.

Note that leverage rates may vary for investors in different financial jurisdictions, as dictated by local regulations.

Mobile Trading

AdroFX does not offer its own bespoke mobile app. However, clients have access to the MetaTrader 4 app on both iOS and Android. With 5-star ratings from tens of thousands of investors, the MT4 application gives its users comprehensive control over their accounts, efficient on-the-go trading and a range of analysis functionalities.

Deposits and withdrawals can be made from the app. One-click trading is also supported, plus users get access to the MetaTrader marketplace, where thousands of custom indicators and signals can be downloaded.

AdroFX mobile trading
MetaTrader 4 mobile

Deposits & Withdrawals

AdroFX offers a solid range of payment methods. Deposits can be made via bank transfer, for which the processing time is one to five working days, the minimum deposit is $200 and the only fee is any bank commissions.

For those aiming to focus their investments in crypto markets, the broker accepts fee-free cryptocurrency deposits using Tether, Bitcoin and Ethereum. There is also a range of commonplace e-wallets that can be used to deposit USD, GBP and EUR. Deposits made using e-wallets and cryptos have a minimum limit of $25 and are processed within one hour.

Withdrawals take 24 hours to process and can be performed using any of the available deposit methods. However, AdroFX charges commissions and fees on most options and not all methods have minimum transfer limits as low as those for deposits.

For example, the minimum withdrawal for Tether is $20 and fees are priced at $10. A detailed breakdown of all the charges can be found on the official website.

Demo Account

AdroFX offers a practice account for clients to familiarise themselves with trading on its platforms. With zero deposit required, this is a risk-free alternative to the live market experience that is available on desktop and mobile.

The demo account incorporates helpful elements like free market data and real-time news, which are available alongside a quick-start guide. There are also demo account customization options, including a range of leverage limits from 1:1 up to 1:500.

Bonuses & Promotions

AdroFX holds regular contests and promotions, which can be found on its website. These can upgrade the trading experience and profit potential. Most notably, there is a competitive 100% bonus offer, automatically doubling any initial deposit.

It should be noted, however, that these deals are not available in all financial jurisdictions.

Regulation

AdroFX is a worldwide broker comprised of several geographically dependent business entities, each of which is regulated by corresponding financial bodies. Adro Markets Ltd is based in St. Lucia and is regulated by the Business Services of Saint Lucia Act.

Adro M Group LLC in St. Vincent and the Grenadines is registered with the Financial Services Authority (FSA), and ADROMKT is regulated by the Vanuatu Financial Services Commission (VFSC).

Whilst not the most well regarded regulatory agencies, these licenses are a promising sign that the trading brand is trustworthy and reliable.

Additional Features

AdroFX has a helpful news and blogs section on its website as well as a fully-fledged economic calendar. These informational shortcuts allow customers to make more informed trading decisions. They are also particularly useful for beginners interested in learning fundamental analysis.

In addition, AdroFX boasts 11.07 millisecond execution times on all their trades, ensuring positions can be completed as soon as possible and that slippage is minimized.

AdroFX trading tools
Economic calendar

Account Types

The firm has seven account offerings, split between the MT4 and Allpips platforms:

MT4 Accounts

There are four primary account types offered on the MT4 platform, each with differing levels of accessibility and functionality:

Micro Account

Standard Account

Premium Account

Pro Account

AdroFX also offers a swap-free account that facilitates halal Islamic trading. Swap-free accounts can be opened with the standard, premium and pro account templates.

Allpips Accounts

The Allpips platform comes with three account options:

Fiat

Crypto

The Crypto account has the same features as the Fiat account, except here you can only buy, sell and hold Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Bitcoin (BTC).

Cent

The Cent account is a replica of the MT4 Micro described above.

Pros Of AdroFX

Cons Of AdroFX

Trading Hours

AdroFX is open for trading 24/5, Monday through Friday. However, the trading hours of different markets may vary within these bounds. For example, while forex and crypto markets do not close overnight, stock and CFD markets open and close each day, with varying times depending on the location of the relevant market.

Customer Support

AdroFX offers live, professional support throughout their trading hours. The customer service team can be contacted via email and telephone using the details below. For an additional indication of the quality of customer service offered, visit online review websites like Trustpilot.

Security

AdroFX incorporates several security protocols into its business structure to ensure the safety of its users’ capital. The broker never shares personal information and all transactions and information transfers are protected by SSL encryptions. Additionally, client funds are kept in segregated bank accounts.

AdroFX also offers negative balance protection, helping to minimize losses in the case of severe downturns by exiting trades once the losses exceed the account’s value. However, this is not a perfect system and extreme reversals on positions using high leverage rates cannot always be caught, especially during periods of low liquidity.

AdroFX Verdict

AdroFX is a well-regarded, international broker, earning it a large client base that spans over 200 countries. Traders can take advantage of tight spreads, zero commissions and one of the world’s leading platforms – MetaTrader 4. While not offering the best range of financial instruments, most popular markets are covered, providing sufficient trading opportunities for most prospective clients.

Accepted Countries

AdroFX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use AdroFX from Korea, United States, Syria, Suriname.

Alternatives to AdroFX

If you are looking for alternatives to AdroFX we have compiled a list of the top 5 brokers that are similar to AdroFX below. This list of brokers like AdroFX is in order of similarity and only includes companies that accept traders from your location.

  1. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  2. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  3. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  5. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.

FAQ

What Are The Trading Fees At AdroFX?

AdroFX offers its clients competitive trading fees with tight spreads and zero commission. Spreads start at 0.3 pips with the broker’s top account. However, there are additional costs for some deposit methods and all withdrawal options. Swaps are also charged for positions held open overnight.

Can I Trust AdroFX?

AdroFX is a global brokerage that is regulated by several independent agencies. The regulatory body responsible for client protection varies with geographical location. AdroFX is currently regulated by the Business Services Act of St. Lucia, the Financial Services Authority (FSA) in St. Vincent and the Grenadines and the Vanuatu Financial Services Commission (VFSC).

Does AdroFX Have A Mobile Phone App?

Traders with AdroFX accounts can use the MT4 mobile application for both iOS and Android devices. This is one of the most popular trading apps amongst new and experienced investors alike, supporting a large number of chart types, indicators and additional features.

What Trading Platforms Does AdroFX Offer?

AdroFX offers two trading platforms, MetaTrader 4 and Allpips web trader. MT4 is a great platform with an impressive range of functionality, while Allpips is a sleek browser-based terminal with user-friendly dashboard designs.

Does AdroFX Offer A Demo Account?

AdroFX offers a free demo account for clients to familiarize themselves with the platforms and financial instruments offered. The practice account uses simulated money in a pseudo-real-world market environment for risk-free investing. Investors can then switch to one of the broker’s seven live accounts when they feel ready.

AdroFX is a regulated online broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.

AdroFX vs Other Brokers

Compare AdroFX with any other broker by selecting the other broker below.

AdroFX vs