ADROFX

BASIC INFORMATION & REGULATION

AdroFX claims that it is a UK registered broker, offering a series of financial instrument for traders from over 200 countries. However, AdroFX is not subject to any regulation, so it is unsafe to trade with this broker.

MARKETS

AdroFX offers trading in forex, stocks, cryptocurrencies, indices and commodity CFDs.

ACCOUNT TYPES

There are four primary account types offered by AdroFX, each with differing levels of accessibility and functionality:

Micro Account

· Minimum deposit – $25

· Minimum spread – 2 pips

· Maximum leverage – 1:500

· Minimum lot Size – 0.0001

· Instruments – 62 forex pairs and commodities

Standard Account

· Minimum deposit – $100

· Minimum spread – 1.2 pips

· Maximum leverage – 1:500

· Instruments – 75 forex pairs, indices, commodities, stocks and cryptos

Premium Account

· Minimum deposit – $2,000

· Minimum spread – 0.4 pips

· Maximum leverage – 1:500

· Instruments – 117+ forex pairs, indices, commodities, stocks and cryptos

Pro Account

· Minimum deposit – $10,000

· Minimum spread – 0.3 pips

· Maximum leverage – 1:500

· Instruments – 117+ forex pairs, indices, commodities, stocks and cryptos

AdroFX also offers a swap-free account that facilitates halal Islamic trading. Swap-free accounts can be opened with the standard, premium and pro account templates

SPREADS & COMMISSIONS

AdroFX advertises that its spreads start as low as 0.3 pips for their pro account and are kept minimal through to their micro account, which is too low to be true.

DEPOSIT & WITHDRAWAL

Deposits can be made via bank transfer, for which the processing time is one to five working days, the minimum deposit is $200 and the only fee is any bank commission. For those aiming to focus their investments in crypto markets, the broker accepts fee-free cryptocurrency deposits using Bitcoin and Ethereum. There is also a range of commonplace e-wallets that can be used to deposit USD, GBP and EUR. Deposits made using e-wallets and cryptos have a minimum deposit of $25 and are processed within one hour.

Withdrawals take 24 hours to process and can be performed using any of the available deposit methods. However, AdroFX charges commissions and fees on most options and not all methods have minimum transfer limits as low as those for deposits.

TRADING PLATFORMS

AdroFX offers two different trading platforms to their clients. The first is Meta Trader 4 preferred platform for seasoned traders, followed by a WebTrader.

CUSTOMER SUPPORT

The AdroFX customer service team can also be contacted via email and telephone using the details below. For an additional indication of the quality of customer support offered, visit online review websites like Trustpilot.

· Email: info@adrofx.com

· Telephone: +44 203 504 2223