Dumb Little Man

AdroFx Review 2024 with Rankings by Dumb Little Man

John V

Overall Rating

Overall Ranking

Trading Terminals

1.8

1.5/5

90th

Evaluation Criteria

The team at Dumb Little Man, which includes financial experts, experienced traders, and private investors, uses a unique algorithm for a detailed evaluation of brokerage services. Their review concentrates on essential aspects such as:

  • User Experience
  • Earning Potential
  • Dependability
  • Broker Knowledge
  • Value for Money


Taking into account customer feedback, their evaluations offer a comprehensive and impartial perspective. Following in-depth analysis, they recognize AdroFx as a trustworthy option for individuals in search of a stable financial partner. Nevertheless, Dumb Little Man suggests that potential clients carefully review their extensive article to understand any possible limitations linked with the broker.

AdroFx Review

Forex brokers play a crucial role in the operation of the global currency markets by acting as a go-between for traders and the Forex market. These brokers provide platforms for people and businesses to trade currencies and other financial instruments. Despite being a newcomer to this cutthroat industry, AdroFx stands out for the breadth of expertise possessed by its staff.

AdroFx provides a wide spectrum of clients by combining traditional financial knowledge with state-of-the-art technologies. This strategy has resulted in steady growth and exceptional financial outcomes by fusing state-of-the-art technology with industry best practices. This has cemented AdroFx’s status as a dependable pioneer and leader in the Forex trading sector.

This evaluation uses expert views and experiences to provide a detailed analysis of AdroFx’s services and performance in the always-shifting Forex market.

What is AdroFx?

The current brokerage firm AdroFx was founded by a group of individuals with over 60 years of combined experience in the financial markets. This team chose to launch AdroFx to fuse cutting-edge trading conditions with an easy-to-use interface that would be accessible to both newbies and seasoned traders, having previously assisted brokers all over the world.

A customer-centric strategy that puts clients’ requirements first at the center of AdroFx’s operations is the cornerstone of the company’s concept. AdroFx works to establish itself as one of the market’s most dependable and trustworthy brokers to become among the top in the industry.

Their enormous reach—offering clients access to a wide selection of over 115 trading instruments in more than 200 countries—demonstrates their client-focused approach.

The fact that AdroFx’s average execution time is less than 11.07 ms indicates that they prioritize efficiency and performance, both of which are essential for successful trading. The company’s broad operations and client services are supported by over 100 workers, who enable its global reach.

AdroFx’s dedication to quality has been acknowledged by numerous prestigious awards, such as Best ECN/STP Broker 2022 (Forex Awards), Best Affiliate Program Europe 2022 (International Business Magazine), Most Innovative Broker 2022 (Forexing Awards), and Fastest Growing Forex Broker Europe 2022 (International Business Magazine).

These honors bear witness to the company’s expansion, ingenuity, and success in the trading industry.

Additionally, AdroFx which also offers Forex and CFD trading, is very committed to teaching its customers. It provides traders with the knowledge they need to be successful in the Forex market with a plethora of tools, such as trading analysis, courses, videos, and trading signals.

AdroFx distinguishes itself by offering 0% commission and tight spreads, which promote an inexpensive trading environment. The broker’s frequent presence and promotions boost traders’ likelihood and zeal. All of these qualities support AdroFx’s standing as a dynamic and customer-focused participant in the worldwide trading market.

Safety and Security of AdroFx

AdroFx as a CFD broker, prioritizes the protection of its customers’ funds by maintaining the highest security standards and investing continuously in its infrastructure. Together with globally renowned financial institutions, this commitment guarantees robust security for clients’ money.

Fund security is a key element of AdroFx’s business strategy, according to a thorough review by Dumb Little Man.

AdroFx is respected mostly because it provides superior insurance. In the event of insolvency, the broker offers separate insurance protection for losses, with coverage ranging from $250,000 to $500,000. The client incurs no direct costs in receiving this protection. AdroFx’s commitment to safeguarding customer assets from unforeseen financial setbacks is demonstrated by this substantial insurance.

Saving our clients’ money is one of AdroFx’s top priorities. Through the integration of multiple crucial security measures, the broker guarantees the secure handling of client funds during trading. Under the VFSC’s Special Brokerage License, AdroFx functions as a regulated brokerage business, ensuring the ethical and legal handling of financial transactions.

AdroFx also has a feature called Negative Balance Protection. This implies that AdroFx will automatically and at no expense to the client reset a trading account balance to zero if market volatility results in a negative balance. In order to manage risk under volatile trading situations, this protection is essential.

Investors have complete control and simple access to their money with segregated accounts, which offer an additional layer of security. Additionally, the handling of transactions between accounts is made easier by this segregation. Additionally, AdroFx guarantees security and privacy by using strong SSL encryption and enforcing a stringent policy that prohibits disclosing personal data without the approval of the client.

AdroFx, which also offers CFD trading only uses significant international banks for its operations and transactions. This strategy not only guarantees premium liquidity but also strengthens the company’s solid and well-known brand in the global marketplace.

AdroFx has created a market-leading civil liability insurance package that offers coverage up to USD 500,000 in terms of insurance. This all-inclusive program further ensures the safety and security of client funds by shielding clients from a variety of hazards, such as mistakes, carelessness, fraud, and omissions.

AdroFX is composed of multiple entities, each of which is registered with a separate regulator and in a distinct offshore location. Adro Markets Ltd. is subject to regulation under the Saint Lucia Business Services Act. The Financial Services Authority (FSA) and the Vanuatu Financial Services Commission (VFSC) oversee Adro M Group LLC and ADROMKT, respectively.

Pros and Cons of AdroFx

Pros:

Cons:

Sign-Up Bonus of AdroFx

AdroFx offers alluring sign-up bonuses to its new clients, which improves their different trading strategies and experience right away. Given that these benefits are meant to provide new and experienced traders with greater support and autonomy, they are an essential consideration for anyone considering registering with AdroFx.

A special promotion from AdroFx is the Insurance Promo. Customers who deposit $300 or more can receive a transferable bonus of up to 30% after 30 days. This incentive acts as a safety net for deals by splitting the risk and ensuring that the trader keeps the whole profit. This strategy demonstrates AdroFx’s dedication to assisting its clients in their trading endeavors.

Furthermore, AdroFx offers a 20% Deposit Bonus that is only accessible to customers who make a deposit. This bonus serves as an additional margin, essentially free money that can be used to enhance trading capacity. It’s a straightforward incentive that adds value to each deposit made with AdroFx, appealing especially to new traders.

Perhaps the most significant offer is the 100% Deposit Bonus. This promotion effectively doubles the trading margin of clients with no restrictions. The 100% bonus acts as an extra layer of security for trades or can be leveraged to increase operational volume.

Such a generous offer underscores AdroFx’s dedication to empowering new, and experienced traders and maximizing their potential in the Forex market.

Minimum Deposit of AdroFx

AdroFx has set an accessible minimum deposit requirement, catering to a wide range of traders. For general transactions, the minimum deposit is a modest $25, making it an attractive option for those new to Forex trading or with limited capital. This low entry barrier is part of AdroFx’s strategy to make trading more accessible to a broader audience.

However, the minimum deposit funds vary depending on the payment method used. For transactions via bank transfer, the minimum deposit is set at $200. This higher threshold reflects the typical processing requirements of bank transactions. In contrast, for deposits made through PayRedeem, the required minimum is $50, offering an alternative for those preferring this payment service.

Regarding the timing of transactions, AdroFx ensures efficient processing. Deposit times are prompt, with all transfers being processed 24 hours a day, from Monday to Friday. This ensures that clients can fund their accounts swiftly and without unnecessary delays.

AdroFx Account Types

AdroFx is a CFD broker that also offers a variety of Account Types, each designed to meet the specific needs of different traders. All accounts provided by AdroFx combine STP (Straight Through Processing) and ECN (Electronic Communication Network) features, ensuring comprehensive flexibility for all trading styles.

The account types are grouped into two as follows:

Allpips Accounts

All of these accounts allow Copy Trading and Personal Managers. They also have Negative Balance Protection and Educational Materials, and All Strategies are allowed. However, Expert Advisors are prohibited for all account types.

Fiat Account

Crypto Account

Cent Pro Account

MetaTrader 4 Accounts

To add, all of these accounts from Standard to Micro account do not allow Copy Trading, but Personal Managers do. They also have Negative Balance Protection, Educational Materials, and different Trading Strategies are allowed. On the other hand, Swap Free is only available for Standard account, Premium account, and Pro accounts.

Standard Account

Premium Account

Pro Account

Micro Pro Account

Micro Account

AdroFx Customer Reviews

AdroFx receives divergent customer feedback. Some clients commend its effective trading instruments, quick execution, fair spreads, and responsive customer service, valuing its transparency and reliability.

However, others report issues with unauthorized transactions, hidden charges, and inconsistent KYC policies, leading to withdrawal complications and trust concerns. This contrasting feedback suggests the importance of careful consideration when evaluating AdroFx as a broker choice.

AdroFx Fees, Spreads, and Commissions

AdroFx’s approach to fees, spreads, and commissions are designed to be transparent and user-friendly. The broker does not charge any deposit or withdrawal fees; banks or electronic payment systems typically incur such fees. However, AdroFx covers all deposit fees for amounts specified in their terms.

Commissions are paid monthly, between the 1st and 5th of each month, directly into the client’s AdroFx account. This structured payment schedule adds to the convenience for traders.

In terms of trading fees, these generally consist of spreads and additional fees, although in some cases, no fee is charged at all. AdroFx offers standard floating spreads, which vary depending on the account type selected by the trader.

The spreads range from a minimum of 0.4 to 2 pips, although it’s important to note that the actual spread can often be higher than this initial range due to fluctuating market conditions.

Spreads given by AdroFx are characterized as having average market indicators on all accounts like Micro account, which means that they typically match those of the majority of other brokers. The lack of trading fees on all account types is one of AdroFx’s main advantages, which can be quite helpful for traders trying to cut expenses.

Deposit and Withdrawal

AdroFx ensures client flexibility by providing a range of deposit and withdrawal options. These methods include Bank transfer, Debit/Credit card, Bitcoin, Ethereum, Tether, Skrill/Neteller, Perfect Money, Sticpay, PayRedeem, and Payeer, according to a test of a trading professional done by Dumb Little Man.

After registering, clients can examine all of their options in their Personal Cabinet, enabling customized financial management.

AdroFx complies with the most recent regulatory guidelines, which mandate that customers withdraw money using the same method that they deposited it. The purpose of this policy is to guarantee both regulatory compliance and financial security.

When a credit or debit card is used to make a deposit, withdrawals must equal the amount deposited. After receiving a complete reimbursement of the amount deposited using the card, customers have the option to withdraw funds using bank wire or cryptocurrency.

Part of AdroFx’s dedication to providing its clients with a safe and open financial environment is this structured withdrawal procedure.

How to Open an AdroFx Account

AdroFx offers a simple, secure account opening process that is easy to understand and navigate. To get started, take these actions:

  1. Go to the AdroFx website, select your preferred language, and press “Start Trading.”
  2. Enter your country, email address, phone number, first and last name, secure password, and acceptance of the terms.
  3. Check your email for a confirmation link, then click it.
  4. Please upload the necessary identity documents in the “Documents” section.
  5. After waiting for verification, go to the “Accounts” section to create trading accounts.
  6. Proceed to “Funding”, select a deposit option, and finish the fundraising procedure.
  7. Choose a trading platform to download.
  8. Set up the required parameters on your trading platform.
  9. As soon as the platform is ready and your account is funded, you can start trading.

AdroFx Affiliate Program

AdroFx’s Affiliate Program offers substantial earning potential for partners. This program is noted for its high returns, making it a top choice for affiliates in the Forex market.

One of the largest affiliate commissions in trading is available to partners at $30 per lot. To further increase earning potential, AdroFx pays out an amazing 80% of the spread to all of its partners.

AdroFx offers up to 10% in Sub-IB Payments for any partner enrolled under a current affiliate, so sub-affiliates also profit. This tiered structure encourages the affiliate network to expand.

AdroFx guarantees a customized strategy to assist affiliates in growing a profitable business by offering a dedicated Account Manager and support. To optimize profits in a cutthroat industry, the program offers IB commissions and rebates from the Forex market.

The way the program is set up makes it possible to determine commission payments depending on what clients have invested in other assets, such as forex. Affiliates have the option to select their investment plan to increase their earnings even further.

Percentage bonuses on top of commissions:

Key advantages of the AdroFx Affiliate Network:

AdroFx Customer Support

AdroFx offers thorough customer support to handle the needs and questions of its clients. Drawing from Dumb Little Man’s experiences, the assistance system is made to be both user-friendly and effective.

AdroFx’s email addresses are info@adrofx.com for general queries, support@adrofx.com for customer assistance, partners@adrofx.com for partnership team, and marketing@adrofx.com for marketing-related questions. Specialized support is provided by each of these addresses, which cater to distinct areas of client engagement.

Direct communication with AdroFx can also be reached at +447418376348. Their specialists are accessible around the clock, providing consumers with a solid resource for any issues or queries they may have.

AdroFx is also quite active on social media, posting updates about their work and interacting with the community on platforms including Facebook, Twitter, Instagram, and Telegram. Their website’s live chat function improves customer service even more by providing clients with immediate assistance for speedy query resolution.

Advantages and Disadvantages of AdroFx Customer Support

AdvantagesDisadvantages
24/5 representatives

Multiple unique email addresses for inquiries

Direct phone number for fast support

Presence in social media

Instant assistance via the live chat
 Absence of support on weekends

Potentially lengthy wait times for email

Less direct lines

AdroFx vs Other Brokers

#1 AdroFx vs AvaTrade

AdroFx offers sophisticated trading conditions and a large selection of trading instruments, whereas AvaTrade was established in 2006 and is well-known for its vast assortment of tradable instruments and powerful training and trading tools. Negative balance protection and AvaProtect insurance are provided by AvaTrade. Based in Dublin, American traders do not accept it.

Verdict: If you’re searching for a trustworthy broker with lots of educational materials, AvaTrade might be a better fit. AdroFx might be a preferable choice for traders who appreciate state-of-the-art trading conditions and a large array of customer services.

#2 AdroFx vs RoboForex

While RoboForex—which began operations in 2009—provides a range of trading platforms, including cTrader, MT5, and MT4, AdroFx is distinguished by its cutting-edge trading technology and customer-focused services.

Verdict: For traders who value cutting edge trading technology and a large selection of account options, RoboForex may be a more alluring option than AdroFx. That is, if you’re searching for a large range of platform alternatives and personalized trading platforms and environments.

#3 AdroFx vs FXChoice

While FXChoice focuses on trading Forex and CFDs, particularly CFDs of developing-nation currencies and commodities, AdroFx is well-known for its vast global reach and complex trading circumstances.

Verdict: AdroFx is a better option than FXChoice if you’re looking for cutting-edge trading conditions and a wide range of trading goods. For trading commodities and specialized currency markets, FXChoice might be a better option.

Choose Asia Forex Mentor for Your Forex Trading Success

For anyone interested in pursuing a lucrative career in forex trading, Dumb Little Man’s trading gurus heartily endorse Asia Forex Mentor. It is especially praised for providing the best courses on stock, forex, and cryptocurrency trading. Asia Forex Mentor’s creator, prominent trader Ezekiel Chew, is the brains behind it. He stands out as an instructor in this profession thanks to his remarkable record of seven-figure trades.

Extensive Curriculum: Asia Forex Mentor offers a comprehensive curriculum covering stock, cryptocurrency, and forex trading, giving students the knowledge and abilities they need to succeed.

Track Record of Success: The platform’s track record of producing consistently profitable traders across a range of market sectors attests to the caliber of its mentoring and training programs.

Mentoring Expert: Ezekiel Chew, a seasoned trader with considerable success, offers advice to students. His individualized assistance is crucial in enabling pupils to successfully traverse various marketplaces.

Friendly Community: Becoming a member of Asia Forex Mentor also entails joining a community that promotes cooperation and idea exchange, which enhances the educational process.

Stress on Psychology and Discipline: The course also emphasizes psychological training, which is essential for stress management, emotion control, and upholding a disciplined trading style.

Regular Updates and Resources: To help students stay ahead in the ever-changing financial markets, they are kept up to date on the newest market trends and methods.

Success Stories: The influence of education at Asia Forex Mentor is demonstrated by the numerous success stories from students who have become financially independent as a result of their studies there.

To sum up, Asia Forex Mentor is the best option available for individuals looking to learn everything there is to know about trading stocks, cryptocurrencies, and forex. The program’s comprehensive curriculum, seasoned supervision, encouraging community, and frequent updates equip budding traders with the skills and information needed to succeed in a range of financial markets.

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>> Also Read: 9 BEST Forex Brokers For 2024: Reviewed By Dumb Little Man

Conclusion: AdroFx Review

Ultimately, the traders at Dumb Little Man concede that AdroFx is a broker with several notable advantages like its offering of a wide range of trading alternatives and state-of-the-art trading tools to accommodate different trading styles is how AdroFx sets itself apart. The zero-fee transaction on this platform makes it one of the more affordable trading platforms, which makes it highly appealing.

Customers are advised to proceed with caution due to accusations such as stopped transactions and hidden costs. This might be taken into consideration by prospective clients who are looking for a broker with greater experience, as well as the fact that the organization is newer to the market than more established brokers.

In conclusion, even if AdroFx offers a lot of features that appeal to Forex traders, before choosing a service, clients should carefully consider these benefits in light of their trading requirements and preferences.

>> Also Read: Axiory Review 2024 with Rankings by Dumb Little Man

AdroFx Review FAQs

What trading platforms does AdroFx offer?

AdroFx gives consumers access to numerous reliable trading platforms that accommodate each trading strategy and philosophy. This category includes system brands that are well-known for their comprehensive market analysis abilities, user-friendly interfaces, and sophisticated charting features. With this option, traders can choose the platform that most closely matches their trading approach and style.

How can I open a trading account with AdroFx?

It is simple to open trading accounts with AdroFx. To be eligible to participate, participants must go to the AdroFx website, fill out the registration form, and submit their data when it has been verified. Traders are presented with a variety of AdroFx account types, each designed to accommodate varying degrees of investment and trading expertise after the verification process has been completed.

Is AdroFx regulated by the Vanuatu Financial Services Commission?

The organization in charge of AdroFx is the Vanuatu Financial Services Commission (VFSC) as well as the Financial Services Authority. By guaranteeing that AdroFx adheres to particular financial norms and regulations, this legislation provides traders with a certain level of security and stability. AdroFx is dedicated to preserving the integrity of its trading operations because it is governed by the rules that apply to Vanuatu’s financial services industry.

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