ADN Broker Forex Review

Read our full ADN Broker review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased ADN Broker opinion allows our readers to decide whether ADN Broker is a reliable broker.

ADN Broker Forex Broker History

The ADN Broker history starts in 2021 when the broker started officially and launched its trading services. The broker has been around in the business for years, but it is not regulated, which is a major red flag. There are several account types offered, like Elite, Raw, and ADN 10X. The leverage is up to 1:400, and traders can start trading from 100 USD, which is the minimum deposit requirement.

ADN Broker Safety

The broker is only registered in St. Vincent and the Grenadines and is not regulated by any authority. This is a major red flag, as unregulated brokers are very risky. The broker does not offer negative balance protection, which is an important policy to ensure traders won’t lose more than their trading balance. The broker is not a member of an investor compensation fund either, as it is not regulated.

ADN Broker Broker Review of Accounts

ADN Broker provides several trading account types, including ADN 10X, Elite, and Raw. While the number of account types varies, the minimum deposit requirement starts at 100 USD for the Elite account. Let’s overview each of the accounts in more detail below.

AND Broker ADN X10 Account

The X10 trading account is designed for bonus trading. It offers x10 of the deposit bonus, amplifying trading power. However, it has strict requirements, and traders should not lose more than 10% of their account balance. The broker allows traders to deploy any trading strategy and access all instruments normally available on the other two accounts.

ADN Broker Elite Account

The Elite account does not charge commissions for trading and offers spreads that should be around 2 pips, although the broker does not explicitly list its spreads for this account type. The maximum leverage is up to 1:400, the minimum deposit is 100 USD, and the minimum lot size is 0.01 lots. The account offers access to all instruments offered by the broker, and traders can deploy any trading strategy.

ADN Broker Raw Account

The Raw account is the VIP account aimed at experienced traders. This account has a high minimum deposit requirement of 1000 USD and offers 0.1 pips spreads. However, it charges commissions, which are not disclosed by the broker. This is a red flag as reputable brokers always list the exact amounts of commissions. The leverage is 1:200 and minimum lot size is 0.01 lots.

ADN Broker Demo Account

The demo account is offered for free and allows traders to access instruments and speculate on markets with virtual money. This is useful to develop strategies and test trading conditions as well.

ADN Broker Instruments

The broker allows access to a wide range of asset classes, such as FX pairs, indices, commodities, shares, and cryptos. The majority of these instruments are offered in a form of CFDs, which are risky asset classes but allow instant execution on cryptos.

ADN Broker Reviews of Trading Platforms

ADN Brokers provides access to the advanced trading platform MetaTrader 5 and allows both custom indicators and expert advisors (EAs). The platform is available as a mobile app, web trader, and desktop trading platform. The Mobile MT5 app is accessible on all devices, including Android and iOS.

ADN Broker Forex Review of Extra Features

The broker offers very few extra features. We have already reviewed the account; it provides what we have already reviewed. There are no other features like educational resources. There are no webinars, trading courses, or video guides offered. The broker does not provide a trading blog either to provide useful tips and market news. Overall, the broker fails to provide extra features that would really help traders gain the edge in their trading.

ADN Broker Reviews of Customer Support

When it comes to customer support experience, the broker only offers live chat and email. Many traders complain about the live chat being terrible as the broker support often fails to respond to user requests in time. This is a major red flag, apart from the fact that the broker is not regulated.

When it comes to multilingual support, the broker’s website is available in four different languages.

ADN Broker Deposit and Withdrawal

The broker accepts several payment options, but all of them are cryptos. Traders can use Bitcoin for both deposits and withdrawals and also for trading as their account base currency. There are no other payment options available which is a serious downside. Without traditional payment methods the broker only accepts crypto enthusiasts.

ADN Broker Review Conclusion – Can you trust ADN Broker?

Overa, ADN Broker is an unregulated entity that offers trading services, which is extremely risky. Unregulated brokers are often scams and steal money with various methods, like not allowing withdrawals or canceling profits for no obvious reasons. The broker also has no phone support, which is a serious red flag. Couple this with high minimum deposit requirements and unresponsive live chat, and ADN Broker is an unattractive trading partner for any trader. Stay away!

FAQs on ADN Broker

Is ADN Broker a scam?

ADN Broker scam is highly likely as the broker is not regulated by any authorities, does not offer phone support, and has unresponsive live chat.

What is the ADN Broker minimum deposit?

The minimum deposit at ADN Broker starts at 100 USD, which is not attractive.

Is ADN Broker a cheap broker?

No, the broker has a minimum deposit of 100 dollars and requires 1000 USD on their account with raw spreads where high commissions are charged.