Overall, AdroFx is considered low-risk, with an overall rating of 6/10. In South Africa, AdroFx can be summarised as a reliable and reputable broker that is very competitive in terms of its trading fees.
AdroFx at a glance
| 🔍 Broker’s name | AdroFx |
| 🏛 Headquarters | Port Vila, Vanuatu. |
| 📅 Year founded | 2018 |
| 🏛 Regulating Authorities | VFSC and FSA |
| 🌐 Countries not accepted for trade | Suriname, North Korea, US and Syria |
| 📒 Demo account | Yes |
| ☪️️ Islamic account | Yes |
| 📒 Institutional account | No |
| 💻 Managed accounts | Yes |
| 📊 Maximum leverage | 1:500 |
| 💳 Minimum deposit | ZAR R400 / $ 25 |
| ➕ Deposit options | Bank Wire transfer Visa MasterCard VLoad PayPeer Perfect Money Skrill Neteller Uphold Bitcoin Ethereum Sticpay |
| ➖ Withdrawal options | Bank Wire transfer Visa MasterCard VLoad PayPeer Perfect Money Skrill Neteller Uphold Bitcoin Ethereum Sticpay |
| 📊 Tradeable assets offered | Forex Stocks Crypto Indices Spot metals |
| 💬 Languages supported on website | English and Russian |
| 💬 Customer support languages | English and Russian |
| 💻 Platforms provided | MetaTrader4 and Allpips |
| 📲 OS Compatibility | Desktop, web, Android and iOS devices |
| ☎️ Customer service hours | 24/5 |
AdroFx Review – 18 Key Point Quick Overview Revealed (2022):
AdroFx Overview- AdroFx Safety and Security
- AdroFx Pros and Cons
- AdroFx Leverage
- AdroFx Account
- AdroFx Market Instruments
- AdroFx Fees
- AdroFx Deposit and Withdrawals
- AdroFx Trading platform
- AdroFx Customer support
- AdroFx Education
- AdroFx RESEARCH
- AdroFx AWARDS
- AdroFx vsM4Markets vs EverestCM – A Comparison
- AdroFx Current Popularity Trend
- Conclusion
- Disclaimer
- Frequently asked questions
AdroFx Overview
According to research in South Africa, AdroFx is a regulated online financial broker with its headquarters in Port Vila, Vanuatu. It has been in operation since 2018.
In addition, the broker also has offices in Saint Lucia, and the United Kingdom. It offers trading in more than 115 financial assets on the popular MetaTrader4 platform as well as the social Allpips platform.
Aside from the choice of trading instruments and a high level of security, the broker also gives clients regular cash bonuses and runs contests, free training materials, low spreads, and no commission charges on deposits and withdrawals.
Clients from Suriname, North Korea, the US and, Syria as well as other jurisdictions that would be contrary to local law or regulation, are not accepted as clients.
AdroFx Safety and Security
When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.
The activities of regulated brokers are also overseen by such entities to ensure that there is no fraud or foul play, and to ensure that traders are always protected against such activities. AdroFx is regulated and licensed by Vanuatu Financial Services Commission (VFSC) in Vanuatu. In St Vincent and the Grenadines, it is regulated through the Financial Services Authority (FSA).
The broker abides by the strict rules set in place by these regulatory bodies, one of these rules is that the broker must keep the client’s funds in segregated funds that are only available to the client to trade with.
AdroFx Pros and Cons
| ✔️ Pros | ❌ Cons |
| Adequate leverage offered | Clients from Suriname, North Korea, the US and Syria not accepted |
| Demo account offered | Limited base currencies |
| Islamic Swap-free account offered | Limited trading assets |
| Low minimum deposit requirement | |
| Tight spreads offered | |
| Well regulated | |
| Zero commissions |
AdroFx Leverage
AdroFx provides traders with leverage of up to 1: 500.
Leverage is a tool that is offered by numerous brokers to traders. With leverage, traders can open larger positions, allowing traders more exposure to the market in which they are trading despite their initial deposit.
However, as beneficial as leverage may be, it can also be detrimental when used incorrectly or abused. Leverage increases a trader’s chance of gains and thus, it also increases the risk of losses.
Leverage is expressed as a ratio, for instance, 1:1, 1:50, 1:100, 1:500, and even up to 1:3000. Leverage and margin go together, with the margin being the amount required from the trader at the start of the trade. This amount serves as collateral for any credit risks which may arise.
When traders apply leverage, the margin requirement is reduced, and the trader can open larger positions.
AdroFx Account
A Forex account is a trading account that traders hold with a specific broker with the purpose of trading financial instruments. Brokers may offer traders either with a variety of accounts, with each catering for varying levels of skill, knowledge, and experience, or a single account that can be used.
AdroFx offers traders with four account types, namely Micro, Standard, Premium, and Pro accounts. It also offers a demo and Islamic account.
Micro Account
This account is suitable for beginner traders and offers a minimum deposit of only $ 25 and tight spreads starting at 2.0 pips. Trading is only offered on forex pairs and metals.
Standard Account
With this account, a minimum deposit of $ 100 is required and tight spreads that start at 0.01 pips.
Premium Account
This account is for the more experienced trader and requires a minimum deposit of $ 2 000 and offers a tight spread starting from 0.4 pips.
Pro Account
The Pro account is for professional traders who seek the best trading terms and conditions. The minimum deposit requirement is $ 10 000 with tight spreads starting at 0.01 pips.
On all the account types the maximum leverage is 1: 500 and the minimum volume lot, is 0.01. Besides the Micro account, the other live account types can trade on all the financial instruments available.
Demo Account
In addition to the account types offered, AdroFx also offers traders the option of registering a demo account.
Islamic Account
AdroFx offers Muslim traders the option of converting the Standard, Premium or Pro accounts into an Islamic Account or a Swap Free account. This ensures for Halal trading where Muslim traders are not charged or credited with swaps or overnight fees when trading positions are kept open for longer after the trading day has concluded.
AdroFx Market Instruments
AdroFx offers traders more than 115 financial instruments which can be traded. Traders have a choice between forex, stocks, crypto, indices and spot metals.
AdroFx Fees
Another crucial factor that traders must consider when evaluating a broker is the fees that they will incur. These fees relate to both trading and non-trading activities and actions.
Trading Fees
One of the first fees that traders will encounter concerns a minimum deposit fee which is paid after the trader has completed account registration. AdroFx charges a minimum deposit depending on the type of account that traders register.
Next, traders must consider the spreads, commissions, and margin requirements. AdroFx offers tight spreads between 0.01 pips and 2.0 pips, depending on the type of account registered. AdroFx also offers zero-commission trading.
Non-trading fees
Where non-trading fees are considered, traders must consider fees relating to account inactivity, deposit and withdrawal fees, account management and maintenance fees, currency conversion fees, and others.
With AdroFx there are no limitations on deposits and minimum deposits and no charges. Traders may, however, be subjected to fees charged by their bank for transactions When an account has been inactive for a period of 6 months, an inactivity fee of $ 5 will apply.
AdroFx Deposit and Withdrawals
When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
AdroFx offers traders a variety of ways through which deposits and withdrawals can be made, including:
Bank Wire transfer
Visa
MasterCard
VLoad
PayPeer
Perfect Money
Skrill
Neteller
Uphold
Bitcoin
Ethereum
Sticpay
Deposits are processed instantly and withdrawals are usually reflected in the traders account within the hour with the exception of bank wire transfers, which can take between 1 – 5 working days. Base currencies excepted are EUR, USD and GBP.
AdroFx Trading platform
The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. Where some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.
AdroFx offers MetaTrader4, which is one of the most popular platforms in the financial markets. It has all the features and tools that make trading easy for beginners and experienced traders.
In addition to this, AdroFx also offers the social platform, Allpips. Here traders can earn money by copying other traders. It allows you to view what real traders are doing in real-time and copy their trading automatically.
Both these platforms are available on your desktop, MAC, mobile, or tablet so that you can trade at your convenience whenever and wherever you like.
AdroFx Customer support
AdroFx can be contacted either by making use of the Live Chat function, which is present throughout the website, by telephone, by email or by using the call back function on the webpage. The Trading Desk can be contacted 24/5 and the services are offered in English and Russian.
AdroFx Education
AdroFx offers traders several educational tools, such as videos, eBooks and a forex glossary. Such tools, resources, and materials prove helpful especially for beginner traders who do not yet know how to navigate trading or the markets.
AdroFx RESEARCH
Research tools help traders in their activities in addition to helping them hone their skills in making informed trading decisions. AdroFx offers traders the use of an Economic Calendar as well as helpful news and a blog section.
It also offers Trading Signals, which helps traders to interpret movements of key assets based on pricing data.
AdroFx AWARDS
Awards serve to instil confidence in a broker as it reflects the level of service the broker offers. AdroFx has not yet obtained any rewards which are displayed on the website.
AdroFx vsM4Markets vs EverestCM – A Comparison
| 🔎 Broker | 🥇 AdroFx | 🥈 M4Markets | 🥉 EverestCM |
| 💰 Minimum Deposit | $ 25 (400 ZAR) | $5/R80 | ZAR R1600 / $100 |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1: 500 | 1:1000 | 1:500 |
| 💵 Currency Pairs | 30 | 50 | 50 |
| 🚀 Open an Account | 👉 Open Account | 👉 Click Here | 👉 Open Account |
AdroFx Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “AdroFx ” is entered into Google’s search engine over a given period of time.
Conclusion
AdroFx is a young broker that shows enormous potential as a broker. In addition to offering competitive rates and a transparent fee schedule, AdroFx also caters for a variety of traders despite their level of trading experience.
AdroFx is well-regulated through VFSC and FSA and offers exceptional service to its customers. Traders have a choice in a variety of trading products, accounts, payment options, and the use of powerful trading platforms. The broker offers tight spreads and there are no commission charges.
The account registration is straightforward, with low minimum deposit requirements on the entry-level account. Another benefit that AdroFx has is that it offers a demo account as well as Islamic Swap-free accounts.
Disclaimer
AdroFx warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with AdroFx, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
AdroFx does not and cannot guarantee the initial capital of the Clients’ portfolio or its value at any time or any money invested in any financial instrument, according to research in South Africa.
Frequently asked questions
TRADING ENVIRONMENT
How many instruments can I trade with AdroFx?
You can trade any of the following:
- Forex
- Stocks
- Crypto
- Indices
- Spot metals
Which platforms are supported by AdroFx?
MetaTrader4 and Allpips.
Does AdroFx offer leverage?
Yes. AdroFx offers leverage of up to 1: 500.
What spreads can I expect with AdroFx?
You can expect tight spreads from 0.01 pips.
Does AdroFx charge commission?
Not. AdroFx offers commission-free trading.
Is AdroFx regulated?
Yes. AdroFx is regulated by FSA and VFSC.
Is AdroFx a recommended forex trading broker for experts and beginners?
Yes. AdroFx offers an ideal environment for both beginners and experts.
What is the overall rating out of 10 for AdroFx?
6/10.
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.
With a demo account, traders can safely explore the broker’s offer, practice trading, or test out their trading strategies that they wish to use in a live trading environment.
Does AdroFx offer a demo account?
Yes.
How long is the demo account valid?
Demo accounts are valid for 30 days.
Which live trading accounts does AdroFx offer?
AdroFx offers traders a choice between the following live trading accounts:
- Micro Account
- Standard Account
- Premium Account
- Pro Account
What are the available deposit currencies for a live trading account?
USD, EUR, and GBP.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for AdroFx?
$ 25.
How do you make a deposit and withdrawal with AdroFx?
You can use any of the following:
- Bank Wire transfer
- Visa
- MasterCard
- VLoad
- PayPeer
- Perfect Money
- Skrill
- Neteller
- Uphold
- Bitcoin
- Ethereum
- Sticpay
Does AdroFx charge withdrawal fees?
No. AdroFx does not charge any withdrawal fees but there may be fees waived by the trader’s bank.
How long does it take to make a withdrawal?
Except for bank wire transfer withdrawals that can take between 1 – 5 working days to be processed all other withdrawals are processed within an hour.
Featured SA Shares Writer and Forex Analyst.
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