The AdroFX website states that the service is regulated in various jurisdictions and serves customers in 200 countries. At the same time, the exchange intermediary is quite young – he launched his activities in 2018.
Don’t rush to open an account here. In order not to check the competence of the service on your wallet, you must first familiarize yourself with the facts and features of the site.
What is known about the AdroFX project? Registration and licensing
Checking the basic facts that a broker gives about himself often allows you to find out a lot of interesting things. So, there is no confirmation that the brand was really founded in 2018 – the platform began work in October 2020. The fact that the broker AdroFX is generally registered somewhere is not mentioned on the site.
The Commission of Saint Lucia acts as the regulator of the fraudsters, which has no opportunities to protect investors from the CIS countries. The firm is also “in the process of obtaining” a license from the VFSC regulator, which does not add credibility to the broker.
Contact and support service
The stories of 100 employees around the world are not backed up by anything – the AdroFX company does not have representative offices or even a head office. It is not known how scammers manage to serve clients from 200 countries using only Russian and English versions.
Divorce is about imposing services and prompting to replenish the balance. Since the broker targets citizens of Russia and the CIS countries, negative reviews come from them. When you try to withdraw funds, the connection with support is lost, and the account is blocked. By the way, you can contact the managers only via e-mail and request a call back.
Markets, platforms and trading tools AdroFX. What is available to traders?
The company’s clients get access to Forex currency pairs, stocks, cryptocurrencies, indices and metals – in total, 115 assets are allowed to trade. Each of the market categories contains spreads, swaps and contract specifications.
The divorce lies in access to the markets – in fact, the broker does not list transactions on interbank exchanges, which means that he actively uses drawn charts and widens spreads. Numerous negative reviews confirm this fact and note that the service works with hacked MT4 and WebTrader terminals.
From additional tools and extensions, users are offered the following capabilities:
VPS server for algorithmic trading;
trading signals and calculators;
market analysis – AdroFX offers news feed and economic calendar.
Trading conditions. What accounts does the broker offer?
The indisputable advantage of the site is the presence of a demo account and a low minimum deposit – this attracts newbies. Real accounts are presented in three options, and the starting capital required is $ 25. The average spread for all instruments ranges from 2 pips; the maximum leverage can be set up to 1: 500.
As noted in the reviews published about AdroFX, other accounts require an investment of up to $ 25,000 and do not offer essential terms of service. It is also impossible to withdraw funds from the platform; employees often cancel lucrative trades. So is it worth the risk and opening an account here, taking into account everything that has become known about the service?
