Today we will talk about a company that offers us to comprehend the art of trading and become a trading champion. This is an AdroFx broker providing intermediary services for trading on leading markets without commissions. Your first deposit is credited with a bonus of 100% and spreads are only 0.3 pips. Let's check what kind of cheese this is offered to us and where it will actually lead us.
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AdroFx. General information
Broker's main website:
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Let's start with the fact that when we went to the AdroFx website, we were waiting for greetings from Roskomnadzor.
This was the first call, designed to make us immediately leave the site of the monitored office. But we decided to go all the way.
The main page of the site is represented by the following blocks:
- menu (markets, accounts, platforms, tools, analytics, partners, about the company, login/registration and language change buttons);
- slider with USP and “start trading now” button
- a counter of the company's main advantages - leverage, account types, bonus, spreads, commissions;
- additional benefits;
- platform presentation;
- a call to trade right now and get access to the most popular instruments on the market;
- overview of account types;
- site statistics and duplication of benefits from previous blocks;
- account replenishment methods.
All this has a rather boring look and causes an acute sense of deja vu. The efforts of the developers are valued at a modest amount, which does not at all fit in with the reputation of the leading broker with coverage in 200+ countries.
The footer of the main page duplicates the menu, provides contact details, a warning about risks and information about licenses. Including that the office is registered in Saint Vincent and the Grenadines, is regulated by the FSA and is in the process of obtaining a license from the Vanuatu Commission. Let's take a closer look at these data.
Expertise of legal information, AdroFx licenses
So, in the footer of the main page of AdroFx, it is indicated that the office is regulated by the business services law of St. Lucia, which is under the jurisdiction of the UK, and is also registered in the Republic of St. Vincent and the Grenadines. However, we all know that both directions are a famous refuge for all kinds of rogues, which makes them inaccessible to the law of other states.
In addition, on its official website, the FSA Financial Authority, to which our friends refer, has long written a warning that it does not regulate the activities of any Forex brokers and intermediaries.
Therefore, the information provided by AdroFx is just blurring of the eyes.
These guys don't have other licenses either. For example, the British regulator.
As well as the Central Bank of the Russian Federation, which gives the right to provide financial services to residents of the Russian Federation and CIS countries.
The contact details were fake as well.
At the address written in the footer of AdroFx, another fake broker office is based, which, by the way, was recently considered in our review on binarybets.ru.
Of the available contact details, only email, online chat and a British phone number remain.
At the same time, in order to contact these crooks on your own, you will not only have to expose your contacts to obvious scammers, but also spend a pretty penny on an international call.
The user agreement published in the documents section on the AdroFx website is also confusing. Firstly, the document is presented exclusively in English (although the site is adapted for the Russian-speaking audience). Secondly, it clearly states that the company reserves the right to remove services hosted on their server, publish or remove information, and charge additional fees for certain information and services. A screenshot of this provision is below.
Starting to trade with such offices, many, of course, do not read the huge sheets of such documents. And completely in vain. After all, it is there that the whole rotten essence of these “projects” is hidden.
And in the end - the time of the presence of the company. Although the office indicates on the site that the project was founded in 2018, and also provides beautiful statistics, checking the age of the domain (see the very first screen) debunks this myth.
Our heroes appeared on the Internet no earlier than 2021 (although the domain was acquired in 2020). This is evidenced by the data of the web archive. This situation has little to do with 200+ countries of coverage and 100+ employees worldwide.
Features of the work of AdroFx. Tools and conditions for traders
For their hamsters clients, AdroFx have prepared the following benefits:
- giant leverage 1:500;
- 0% deposit fees;
- 100% deposit bonus;
- minimum spreads;
- a wide range of trading instruments;
- protection of funds with leading security protocols;
- confidentiality of personal data;
- trade training from A to Z and other goodies.
For comfortable and safe trading, leading platforms are provided that are used by traders around the world and are adapted to various devices.
To start earning, you need to register and choose the appropriate tariff. The minimum threshold for entering the market with the AdroFx broker is $100. However, for this money you get a meager set of services. To start normal trading and receive exclusive conditions, you need to deposit at least 2000 USD. At the same time, even to try trading on a demo account, you will have to pay $25.
We would not invest even one ruble in this project. This opinion is clearly confirmed by the information obtained by us during the analysis of the legal data of AdroFx, as well as the information contained in the next chapter.
Real AdroFx customer reviews
During its existence, the AdroFx office managed to pretty much leave a mark on the network. At the same time, comments about the activities of this broker are far from flattering. Below are some of them.
If you fell for the AdroFx bait, share your experience under this article. Perhaps it is your comment that will save someone from losing money.
Scheme of deceiving AdroFx users
Like other brokers registered in offshore zones, AdroFx, hiding behind non-existent licenses in one hand and imaginary advantages in the other, finds its victims on job search sites, in merged databases of telephone numbers, in open social network groups on near-trading topics.
A potential client is quickly rubbed into confidence, told about successful success and offered to register on their fake broker site. Once you leave your details, you are on their hook. Experienced psychologists and manipulators will brainwash you so much that you will not have time to look back as you invest your money in their “project”.
A visible picture of success can be created for you, a profitable balance sheet and effective transactions can be drawn. But all this is nothing more than animation. Your money has been in offshore accounts for a long time and you will no longer be able to see them, as well as your real earnings.
We found the following signs of fraud on the AdroFx website:
- registration in an offshore zone;
- lack of licenses, including the Central Bank of the Russian Federation;
- fake contact details;
- primitive, uninformative site;
- misleading users with false information about the time of existence and achievements of the company.
The outcome of "cooperation" with such offices is always the same. You are either blocked, or thrown into ignore, or simply fed breakfast, diluted for ever larger amounts, until you wake up. But it will be too late. If you do not want such a fate for yourself and your savings, do not mess with one-day offices and always check what you are investing in.
If you have become a victim of AdroFx or other black brokers and want to get your hard-earned money back, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to take.