As part of our systematic coverage and evaluation of offshore brokers, we also looked at AdroFX, a multi-asset broker registered in Vanuatu with the VFSC as a Financial Dealer. Like many other offshore brokers, AdroFX also addresses retail traders in the regulatory regimes of Europe, North America, and Asia without the required regulatory permission. Due to the lack of licenses and regulatory lapses, we have placed AdroFX on our Red Compliance List.
Key Data
Trading name | AdroFX |
Business activity | Multi-asset brokerage platform |
Domains | https://adrofx.com https://adrofx.club https://adrofx.partners |
Social media | Facebook, Twitter, Instagram |
Legal entities | ADROMKT Limited, Vanuatu Adro M Group LLC, SVG Adro Markets Ltd, Saint Lucia |
Contact data | +44 7418376348 [email protected] [email protected] |
Jurisdiction | Vanuatu, Saint Lucia Bulgaria |
Authorization | VFSC Financial Dealer |
Related individuals | not disclosed |
Leverage | up to 1:500 |
Payment options | bank wire Debit/credit card, crypto |
Payment processors | BrightCart (gateway provider) Payeer, Perfect Money, Skrill, PayRedeem, SticPay PF Dev Group LLC |
Trustpilot | 4.4-star rating with an “Excellent” trust level |
Warnings | FCA |
Compliance rating | Red |
Short Narrative

Between April and June 2023, AdroFX‘s two websites were visited by around 95,000 people. Most came from North America, but among the top 5 visiting countries, there are also some from EEA and Asia.
Compliance Check
The UK regulator FCA warned against AdroFX in October 2022, pointing out that the broker does not have a license in the UK.
In our compliance test, the following findings were made:
- We could register as EEA residents without any problems even though AdroFX does not have permission to distribute financial products for these regulatory regimes.
- With the AdroFX account, we had access to a maximum leverage of 1:500, although in the EEA jurisdictions and most other regulatory regimes, only a maximum of 1:30 is allowed.
- Making theoretically unlimited pre-KYC deposits was possible via the e-wallet operators Perfect Money, Payeer, PayRedeem, SticPay, and cryptocurrencies. The deposits via Payeer were sent to Bulgarian merchant PF Dev Group LLC with the domain mqlsol.com.
- No pre-KYC deposits were possible via bank transfer or credit/debit card.
Due to the lack of regulatory permission, the ability to conduct unlimited pre-KYC, and the high leverage not allowed in most jurisdictions, we have placed AdroFX on our Red Compliance list.
Share Information
We recommend staying away from this unregulated offshore broker scheme. If you have any information about the scam operators or supporting partners, we would be happy if you share it with us.