AdroFX Review and Tutorial 2021

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AdroFX Facts & Figures

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

Bonus100% deposit bonus
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit$25
Payment MethodsBitcoin Payments, Mastercard, Neteller, Perfect Money, Skrill, Visa
Min. Trade0.01 lot
Regulated ByFSA, BSSLA
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Margin TradingYes
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountYes
Account
Currencies
USD, EUR, GBP
CFD
AdroFX offers margin trading on CFDs across popular financial markets.
FTSE SpreadFrom 9.0
GBPUSD SpreadFrom 0.5
Oil SpreadN/A
Stocks SpreadFrom 5.0
Leverage1:500
Forex

AdroFX clients can trade more than 60 major, minor and exotic forex pairs.

GBPUSD SpreadFrom 0.5
EURUSD SpreadFrom 0.4
EURGBP SpreadFrom 1.5
Assets60+
Cryptocurrency

Trade some of the most popular cryptocurrency CFDs against the US Dollar with tight spreads.

SpreadFrom 3.0
CoinsBTC, ETH, LTC, XRP
Risk Warning – Your capital is at risk

AdroFX is a global finance broker offering a range of instruments on one of the world’s most renowned trading platforms to clients in over 200 countries. In this review, we break down their fees and spreads, unique account options, customer service and additional features offered.

AdroFX Headlines

With a team of over 100 professionals that have experience in the markets, AdroFX boasts a proven track record of strong financial results and stable growth for their clients. Offering one of the most popular CFD trading platforms and providing live professional support 24/5, AdroFX is a trusted market front-runner and innovator.

Trading Platforms

AdroFX offers two different trading platforms to their clients. The first is MetaTrader 4 (MT4), a preferred platform for seasoned traders. MT4 has a range of features, including bespoke charting options, market analysis tools, technical indicators and support for complex approaches like algorithmic and social trading. All these features are available both on desktop and in an easy-to-use mobile app.

AdroFX Trading Platform 1
MetaTrader 4

AdroFX also offers the multi-asset terminal Allpips, which integrates technology and design to provide its users with a unique learning experience and effective trading environment. The platform also offers multiple chart types, technical indicators and analysis tools, with support for several trading windows and unique watchlists.

AdroFX Trading Platform 2
Allpips

Assets

AdroFX covers many of the most popular financial markets, including forex, stocks, cryptocurrencies, indices and commodity CFDs. In total, there are over 117 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 competitively tight spreads that vary amongst account types. Spreads start as low as 0.3 pips for their pro account and are kept minimal through to their micro account, which offers an accessible minimum deposit of just $25. The broker is also transparent about additional fees, with details of overnight rates and account inactivity charges listed on the official website.

Leverage

Maximum account leverage for all AdroFX accounts goes as high as 1:500. Whilst this can be helpful in terms of increasing position sizes and earning potential, the risks of losses are also magnified, so care should be taken when margin trading.

Note, leverage rates may vary for traders 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 over eight thousand people, the MT4 application gives its users comprehensive control over their accounts, efficient on-the-go trading and a range of analysis functionalities.

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 commission. For those aiming to focus their investments in crypto markets, the broker accepts fee-free cryptocurrency deposits using 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 deposit 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.

Demo Account

AdroFX offers a practice account for their clients to familiarise themselves with trading on their 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 to ensure you get the most from it. There are many demo account customisation options available, including a range of leverage limits from 1:1 up to 1:500.

Promotions

AdroFX holds regular contests and promotions, which can be found on its website. These can upgrade your 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 independent bodies. Adro Markets Ltd is based in St. Lucia and is regulated by the Business Services of Saint Lucia Act. The Adro M Group LLC in St. Vincent and the Grenadines is registered with the Financial Services Authority (FSA).

Additional Features

AdroFX has a helpful news and blogs section on their website as well as a fully-fledged economic calendar. These informational shortcuts allow their customers to make more informed trades, potentially resulting in greater profits. In addition, AdroFX boasts 11.07 millisecond execution times for all their trades, ensuring your trades can be completed as soon as possible and slippage is minimised.

AdroFX trading tools
Economic calendar

Account Types

There are four primary account types offered by AdroFX, 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.

Pros Of AdroFX

Cons Of AdroFX

Trading Hours

AdroFX is open for trading 24/5, Monday through Friday. However, 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 also be contacted via email and telephone using the details below. For an additional indication of the quality of customer support 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 your personal information and all transactions and information transfers are protected by SSL encryptions. Additionally, client funds are kept in segregated bank accounts, ensuring that no accidental spending of customer capital is possible.

AdroFX also offers negative balance protection, helping to minimise 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 at times of low liquidity.

Final Word On AdroFX

AdroFX is a well-regulated, international broker with excellent service, earning a vast customer base from over 200 countries. Customers can take advantage of tight spreads, zero commission and one of the world’s leading trading platforms. While not offering the best range of financial instruments, most popular markets are covered, providing sufficient trading opportunities for most prospective clients.

FAQs

What Are The Fees At AdroFX?

AdroFX offers its clients competitive trading fees with tight spreads and zero commission. 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 service and is regulated by several different independent agencies. The regulatory body responsible for your protection, therefore, varies with your geographical location. AdroFX is currently regulated by the Business Services of St. Lucia Act and the FSA of St. Vincent and the Grenadines, though the broker is also applying for a license from the Vanuatu Financial Services Commission.

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 traders 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 platform with user-friendly dashboard designs.

Does AdroFX Offer A Demo Account?

AdroFX offers a demo account for clients to familiarise themselves with the trading platforms and financial instruments offered. The practice account uses simulated money in a pseudo-real-world market environment for risk-free trading.

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. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  4. ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
  5. Forex.com – Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.

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