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AdroFx

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Risk Level - High

Scam Evidence & Warnings

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The UK FCA Added AdroFx into Its Warnings On 16 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that AdroFx was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/adrofx

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The NSSMC adds AdroFx to its warning list This entity is likely to be offering financial services to Ukrainian consumers. It does not hold an Ukrainian financial services licence from the NSSMC, and is not authorised by a licensee. https://www.nssmc.gov.ua/en/activity/insha-diialnist/zakhyst-investoriv/#tab-2

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BrokersView has reviewed that AdroFx is an unregulated broker AdroFx previously claimed to have registration number 700546 issued by the Vanuatu Financial Services Commission (VFSC) and number 1061LLC2021 issued by the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA). However, we have confirmed that both registrations have been canceled. This means AdroFx is currently operating without the necessary authorization. Both the Financial Conduct Authority (FCA) and the National Securities and Stock Market Commission (NSSMC) have flagged AdroFx for lacking the required authorization. In essence, AdroFx is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. AdroFx appears to be a scam.

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The CNMV issues a warning against ADROFX On February 17 2025, the National Securities Market Commission (CNMV) issued a warning against ADROFX, believing this company might be providing financial services or products without proper authorization. https://www.cnmv.es/webservices/verdocumento/ver?e=3zgNTcd2nnJx7EZ5X29fq5qsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL

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I found this new site, https://adrofx.club/front/home, is this one also AdroFX? Dear Investor, The website you’ve inquired about uses the exact same logo as the previously documented AdroFx platform, and the domain it operates under matches the one that the original AdroFx registered address now redirects to. Based on this evidence, we believe both websites represent the same trading platform. This platform claims that its operating entity, ADROMKT Limited, holds a license from the Vanuatu Financial Services Commission (VFSC). However, our review of the VFSC’s official licensee register reveals no record of ADROMKT Limited. This strongly suggests that the claimed regulatory status is fabricated, and the platform holds no valid authorization from any recognized regulator. Moreover, this platform has been explicitly flagged by three major regulatory authorities: the UK’s Financial Conduct Authority (FCA), Ukraine’s National Securities and Stock Market Commission (NSSMC), and Spain’s Comisión Nacional del Mercado de Valores (CNMV). All three have issued public warnings stating that the firm is operating without authorization. Given the false regulatory claims, history of regulatory alerts, and complete lack of legitimate oversight, we strongly advise you to avoid any financial engagement with this platform. View Source

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How legit is AdroFx? Could you please advice? AdroFx claims to be authorized and regulated in various jurisdictions.1) Adro M Group LLC is incorporated in St. Vincent and the Grenadines by the Registrar of International Business Companies, and registered by the Financial Services Authority (SVG FSA);2) Adro Markets Ltd is regulated by the business Services of Saint Lucia Act, Cap/No.2020-00157;3) ADROMKT Limited, Company number 700546 is regulated and licensed by Vanuatu Financial Services Commission (VFSC).Regarding the mentioned regulations, we'd like to remind traders that neither SVG FSA nor Saint Lucia regulates or licenses international companies and brokers engaging in forex activities. In terms of the Vanuatu regulation of this broker, we indeed found a matching result from VFSC registry. However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of AdroFx.Moreover, the United Kingdom Financial Conduct Authority (FCA) issued a warning that AdroFx was providing financial services or products in the UK without authorisation. You can check the full warning from here.Overall, it is of certain risk to trade with AdroFx, and we would recommend to choose strongly regulated brokers. If you would like to know more details of this broker, please check our full AdroFx review. View Source

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