AdroFx group includes several related companies.
AdroFx SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
AdroFx VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
AdroFx also operates in Saint Lucia (pretty uncommon place for a broker) and is regulated by the Financial Services Regulatory Authority (FSRA) there.
AdroFx group accepts clients from all over the world, excluding USA, Suriname, North Korea, Syria and some other countries where FX trading is prohibited by local laws and regulations.
Forex broker offers the following underlying assets for trading.
|60+ Currency Pairs||Based on major and minor world currencies.|
|4 Crypto Pairs||Based on Bitcoin, Ethereum, Litecoin, Ripple.|
|9 Indice CFDs||Based on baskets of different blue-chip stocks.|
|2 Metal CFDs||Based on Gold and Silver.|
|40+ Stock CFDs||Based on shares of US companies.|
AdroFx is a forex broker that offers trading in a fairly standard range of instruments, high leverage and relatively low spreads for its best clients. The broker is based entirely offshore, and is therefore not overseen by any reputable “onshore” regulatory agencies.
Although AdroFx is only lightly regulated in the jurisdictions where it has companies registered, such a situation also brings certain benefits for traders. Among these is a much easier sign-up and ID verification process, much higher leverage than what is available in jurisdictions such as the EU, UK and Australia, as well as the possibility to fund trading accounts with cryptocurrencies without going through any banking services.
As mentioned in the introduction, AdroFx’s selection of trading instruments is pretty much in line with the basics that should be expected from any broker. It offers about 60 foreign currency pairs, stocks of some 40 US-listed companies, 9 different equity indices, gold & silver, as well as the cryptocurrencies Bitcoin, Ethereum, Litecoin, and Ripple (XRP).
In terms of trading platforms that AdroFx offers, we are excited to see that the broker has chosen to offer a separate web-based trading platform other than just the web version of MetaTrader, which nearly all brokers offer. In this case, the platform is known as Allpips, a free and easy-to-use trading platform that should suit the needs of most traders. The platform supports all assets that AdroFx offers, and can run on both desktop computers and mobile devices.
In addition to the Allpips web platform, AdroFx also offers the still-popular MetaTrader 4 (MT4) platform, available as a downloadable platform for Windows, a web app for any type of computer, and as mobile apps for Apple and Android devices.
Upon sign-up with this broker, all new clients will be assigned to one of four types of trading accounts, dependent on their initial investment; the Standard account, Premium account, Pro account, or Micro account.
Out of these, the Pro account, unsurprisingly, has the best trading conditions, with no commissions, and spreads starting from 0.3 pips. Unfortunately, however, this account is reserved for traders who deposit at least 10,000 USD/EUR/GBP, which keeps it out of reach for a lot of new traders.
After the Pro account, the second-best option is the Premium account, which is available for some 200 USD/EUR/GBP, meaning that this account type should be within reach for most. This account also offers commission-free trading on all of the same trading instruments, with spreads starting from a respectable 0.4 pips.
All of the account types offered by AdroFx provide access to leverage all the way up to 1:500. Notice, however, that the Standard account does not offer trading in single stocks, while the Micro account is intended mainly for testing of strategies on forex pairs and metals only.
In order to reach AdroFx’s customer service, users are asked to contact the support team via either a UK phone number, email, or the live chat option on the website. The broker promises that teams are available to help 24 hours a day on trading days, and customer service can generally be handled in either English or Russian.
In conclusion, we should say that the lack of a typical ECN-type of trading account means that AdroFx may not be the best broker for those who trade with large amounts of capital. For most beginners and retail traders, however, the commission-free STP accounts that AdroFx offers should do the trick. The spreads available are also acceptable in our opinion, especially on the Pro and Premium accounts. We also like the unique web-based trading platform that this broker offers, and believe that AdroFx could be an interesting broker to watch for traders seeking high leverage on a web-based trading platform like this.
I'm fond of their low spreads and swaps, fast and responsive support.
The customer service is top notch. Trading platforms are great. Fast withdrawals directly to your bank. Ever since I have been with Adro everything have been great and even improved my trading with their daily analysis on some certain pairs and that has made me very happy for the past few months.
Can't say I was impressed and I didn't find any info about deposit by webomney, but in general it's okay trading with them.
At adro you can trade mainly CFDs (CFD forex, stock index, stock, crypto). Further popular asset classes, like ETFs or options are not available. Futures trading is available on all accounts.
I opened an account here 3 weeks ago. Very good execution compared to the previous broker. No slippage, orders open and close quickly and without delays. Polite support service, fast withdrawals.
I don't have much experience in trading but my manager helped me with it, thx.
I'm good with them, some things I can't understand though... for example, they need scans of docs from my bank to perform a withdrawal by wire transfer.
For now I'm satisfied with this broker, I'm going to try copytrading service as well, so no problems for now.
I did not like they need document verification for card deposit, but they offered good spreads for me, which is nice.
They gave me bonus for 550 dollar deposit, and I could use it for trading, which is nice.
From first point of view this broker is pretty good for experienced traders, fast deposits and withdrawals and good spreads, and other things I actually don't care. I have my own strategies and logic of trading that is working with AdroFx, it is enough for me.
Good platform and I find the trading signals very useful!