AdroFX Broker Review

AdroFX Broker Review – Is AdroFX.com A Legit Platform To Trade With?

An initial bonus offer from a broker indicates something suspicious. Such tricks are unnecessary for legitimate companies, as they are already well-prepared and have a solid product to offer. 

As a result, we thoroughly researched AdroFX for our unbiased review. To get started, we recommend you read our recently updated reviews of InstaForex, EpicInvests, and SwissSafeway brokers. Your time, money, and nerves will be saved!

1. Scam Broker Status: Unregulated
2. Regulated by: An unlicensed company (no regulation)
3. Websites of scammers: AdroFX.com
4. Forex Trading Scam: Active
5. Listed as a scam by  N/A
6. Owner of the broker: Adro Markets Ltd / Adro M Group LLC / Adro (Fx) Group Ltd
7. Headquarter Country: Saint Lucia/St Vincent/Vanuatu
8. Year of foundation: 2021
9. Trading platforms: WebTrader, MT4
10. Trading on mobile devices: Available
11. Deposit minimum: $25
12. Bonus: 30%-100% on deposit
13. Trading in crypto assets: Bitcoin, Ethereum, and Litecoin
14. CFDS: No, you can’t trade CFDs
15. The following trading instruments are available: Forex (FX), Commodities, Indices, Stocks, Cryptocurrencies.
16. Leverage maximum: 1:500
17. Islamic Accounts: They are available
18. Yes, a free demo account is available.
19. US traders are not accepted: US traders are not accepted.
20. Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!

Is AdroFX Safe And Regulated? – The Importance Of Regulation

As a start, AdroFX comprises three separate companies: Adro M Group LLC in Saint Vincent and the Grenadines, Adro (FX) Group Ltd in Vanuatu, and Adro (FX) Group Ltd in Saint Lucia. These are all offshore and are allegedly regulated by offshore authorities.

The FSA SVG, however, is not an official regulator, as it directs companies to choose the local regulator in their country of operations. Offshore regulators do not require a compensation fund, so there is no guarantee that you will be reimbursed.

Furthermore, we recommend avoiding unregulated brokers such as CapitalXN, PrimeFX, and InvestBoost.

What’s Wrong With AdroFX License?

In addition to the FSA regulation mentioned above, AdroFX also says the VFSC. However, this regulatory body does not have any compensation requirements. Therefore, they only request payment for registering as a financial service provider.

The money you invest has no guarantee!

AdroFX Reviews – What Traders Are Saying

Regarding brokerage, traders still aren’t optimistic, according to AdroFX reviews. AdroFX login issues appear to be quite common, in addition to withdrawal issues, which are cited as a primary concern. If you request a withdrawal, you will not be able to log in to your account again, as the broker will suspend your access.

Furthermore, brokers are forcing traders to download AnyDesk, a scam company favorite. Thus, the account manager can access all information on your desktop and laptop via AnyDesk.

AdroFX Affiliate Bonuses – Partnership Scam

This brokerage offers some promotional offers for initial deposits and the opportunity to join their affiliate program. Upon becoming an IB, you could earn up to $30 per lot, up to $1,200 per client you brought, and up to $1,600 if you got both.

The scheme, however, is well-organized and looks a lot like Ponzi. The company will pay you out of the money your friends paid to the company. AdroFX is a scam, so don’t fall for it.

Scammed By an AdroFX Broker? – Talk To Our Experts Today!

Global Fraud Protection has received numerous complaints from victims of AdroFX scams over the last year. Tell us your story if you are one of them. Find out what the best money-back option is for you by contacting our experts.

Contact us via online chat, schedule your free consultation, and get back what’s rightfully yours!