Quadcode Markets vs AdroFx

Quadcode Markets vs AdroFx Comparison Table 2024
Quadcode Markets AdroFx
3
2.9
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Launched in 2021, Quadcode Markets is a relatively new forex and CFD broker with authorization from tier-one regulators like the ASIC. Its key selling point is the easy-to-use trading platform that continues to deliver an excellent user experience with a powerful charting package. The market maker broker offers 500+ assets spanning stocks, forex, indices, commodities, cryptos and ETFs.

AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on day trading strategies.

Customer Reviews
3
3
Bonus Offer
100% Deposit Bonus
Comment by Reviewer
"Quadcode Markets is best for new traders looking for a user-friendly platform with a customizable layout, excellent charting tools, and a reliable mobile app. However, it falls short in the education and research departments, while testing shows spreads trail the cheapest brokers." "AdroFx will appeal to traders who want a quick and affordable way to speculate on currencies with high leverage via two reliable platforms, including MetaTrader 4. However, testing shows it trails the best day trading brokers in several areas, notably regulation and its investment offering."
Pros
  • The demo account can be opened in under 2 minutes while the replenishable $10,000 bankroll and no time limit means you can routinely test day trading strategies
  • The platform continues to excel for its ease of use with a modern design and customizable workspace
  • The charting package rivals popular platforms like MT4 with 100+ indicators and up to 9 chart displays
  • There is an above-average selection of digital currencies with crypto-fiat pairs plus crypto-crypto pairs
  • The single retail account combined with the commission-free pricing structure will appeal to beginners
  • Strong automated trading support with VPS access on MT4 offered free for Pro account holders and affordable access from $10 for other accounts
  • 60+ currency pairs is a great range that beats out many rivals and provides plenty of opportunity for forex traders
  • Quick, responsive customer support from knowledgeable staff who provide personalized responses during testing
  • AdroFx is day trader-friendly with no limitations, meaning you can use scalping and other fast-paced strategies
  • MetaTrader 4 is available, catering to advanced day traders with its extensive charting package
Cons
  • Spreads are wider than low-cost brokers based on comparisons during key trading sessions, potentially eroding profits for day traders
  • The market research trails best-in-class brokers like IG with limited technical summaries or sentiment data
  • Customer support is fast based on tests of the live chat but the knowledge of agents is limited to basic queries
  • Despite improvements to its platform like trailing stops, the software still lacks features like signals and algo trading
  • The investment offering trails top brokers, especially with its limited selection of around 375 stocks
  • Expensive withdrawals for most payment methods, including a 1.9% charge on cards, which can be avoided at most top day trading brokers
  • Low trust score with weak regulatory oversight and short track record compared to established day trading brokers like IG
  • Only 100+ instruments are available, with a particularly weak stock and crypto offering, leaving little scope for diversification and reducing the broker's suitability for experienced traders
  • Mediocre selection of research tools with limited insights into upcoming events that could help beginners identify opportunities, especially compared to alternatives like eToro
Awards
  • Best Forex Broker Australia – Forex Awards 2023
  • Best All-in-One Brokerage Solution – UFAWARDS 2023
  • Most Innovative Trading Platform Globe – Le Fonti Awards 2022
  • Best STP/ECN Broker 2022 - Forex Awards
  • Most Innovative Broker 2022 - Forex Awards
  • Fastest Growing Forex Broker Europe 2022 - International Business Magazine
Instruments
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto Forex, CFDs, Indices, Shares, Metals, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$250 $25
Trading Platforms
  • Traderoom
  • Allpips
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.0001 Lots
Regulator
ASIC, CySEC, SCB VFSC, FSA, BSSLA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS &; Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
You can use the broker's Allpips platform to copy the trades of experienced investors. Thousands of traders have joined the community and new users can get started with a $100 deposit. That said, it doesn't rival category leaders like eToro with its highly active social trading network.
Social Trading
No Yes
Trade Signals
Smart Signals
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $5
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Quadcode Markets offers 450+ CFDs on global markets including forex, stocks and commodities. Day traders can go long or short with leverage up to 1:30 . The broker’s platform stands out for its beginner-friendly design and sophisticated technical analysis features. AdroFx offers a most selection of around 100 CFDs on stocks, cryptos, indices and commodities. Its appeal lies in the high leverage up to 1:500 which you can't find in heavily regulated jurisdictions and the commission-free pricing model which will serve beginners. You can speculate on both rising and falling prices from the same product with CFDs.
Leverage
1:30 (Retail) 1:500 (Pro) 1:500
FTSE Spread
2.2 From 9.0
GBPUSD Spread
1.3 From 0.5
Oil Spread
0.07 N/A
Stocks Spread
1.3 From 3.0
Forex Trading
Quadcode Markets offers an above-average selection of 63 currency pairs, with a full range of majors plus minors and exotics available to trade via CFDs. Spreads on the EUR/USD came in at 1.2 pips during testing, wider than cheapest forex brokers like CMC Markets. AdroFx's strongest offering is its 60+ currency pairs, which can be traded with very high leverage up to 1:500. The broker also offers competitive forex spreads starting from 0.4 pips and charges no commission. Additionally, day traders have access to MetaTrader 4, which was built for forex trading and offers excellent support for technical analysis and algo trading.
GBPUSD Spread
1.3 From 0.5
EURUSD Spread
1.2 From 0.4
EURGBP Spread
1.3 From 1.5
Assets
63 60+
Cryptocurrency
Quadcode Markets maintains its position as a good option for crypto traders with 26 digital currencies, paired with USD or USDT. You can speculate on less popular tokens like DOT and SAND as well as major assets like BTC and ETH. 1:2 leverage is available on cryptos. AdroFx offers just four crypto CFDs, while the typical Bitcoin spread of around 59 USD is considerably higher than the industry average, making it a poor option for serious cryptocurrency traders. This broker does not work as an exchange or wallet, meaning that only derivatives trading and not ownership of crypto assets are available.
Spread
130 From 3.0
Coins
  • BTC
  • ETH
  • OMG
  • DSH
  • ETC
  • BCH
  • ZEC
  • MATIC
  • ADA
  • APT
  • XRP
  • QTM
  • DOGE
  • AVA
  • SOL
  • BNB
  • TRX
  • ATOM
  • LTC
  • AXS
  • SAND
  • NEAR
  • DOT
  • LINK
  • MANA
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Quadcode Markets
vs
AdroFx
vs