ADN Broker Forex broker review — Everything you need to know

ADN Broker is a Forex and CFDs broker established in 2021, giving it years of experience in the Forex trading sector. However, the broker is not regulated. It is registered in St. Vincent and the Grenadines, which is offshore. The lack of regulations is a serious issue and makes it very risky to trade with this broker. Regulations are an important layer of security between trader and broker, and the lack of any license makes ADN Broker highly likely to be fraudulent.

The broker is not a member of the investor compensation fund, which poses a real risk for traders. ADN Broker does not provide negative balance protection, and traders can easily go into minuses when using 1:400 leverage.

ADN Broker Overview of the Website

The website looks good and is responsive, allowing quick navigation between tabs and menus. However, the broker fails to provide detailed information about its spreads, trading markets, etc. So, ADN Broker needs to focus on providing more details about its services. If they leave the website as it is design-wise, it will be an excellent website. The live chat plugin is built–in and allows users to contact the broker immediately, but the support department’s response time is horrible.

ADN Broker Accounts Reviewed

The broker has several account types, such as ADN 10X, Elite, and Raw. To define how attractive they are, let’s review each of them separately.

ADN Broker ADN 10X Account

This account is basically a bonus trading account, where traders can get 10x of their first deposit to maximize their trading power. However, the broker has strict rules when it comes to risks, and traders should not lose more than 10% of their account. This account, with its requirements, is more like a prop challenge and less like an FX trading account. Traders can purchase from 1,000 to 1 million USD. When trader purchases the 1,000 USD, they can then trade with a 1,000 trading balance and get 100% of their profits. Traders have to be careful not to lose 10% of their account, or they get disqualified. This account is not very attractive as 100 USD is expensive (in terms of prop trading) for a 1,000 USD trading account. Especially when traders can trade commission-free on an Elite account with 1:400 leverage. And there is no maximum drawdown requirement.

ADN Broker Elite Account

The Elite account is an ADN Broker’s version of a standard trading account where no commissions are charged, but spreads are high. This trading account requires a 100 USD minimum deposit and has a maximum leverage of 1:400. The Minimum lot size is 0.01 lots, which is very flexible. However, the fact that the broker does not disclose exact spreads is a red flag and indicates that there should be very high spreads on even major pairs. Base currencies are USD and BTC, and traders can access CFDs, cryptos, shares, and more.

ADN Broker Raw Account

The Raw account is ADN Broker’s version of a VIP trading account, where it charges commission and offers low spreads from 0.1 pips. However, the minimum deposit requirement is 1000 USD, leverage is lower at 1:200, and the broker does not disclose the exact commissions charged, which are serious downsides of this account type.

Deposit and withdrawal options at ADN Broker

Deposits and withdrawals are not instant, as the broker mainly supports crypto payments. Withdrawals will take days if the broker allows them in the first place and the broker is not regulated, which makes it risky to deposit with this company.

ADN Broker Assets — What can you trade?

ADN Broker advertises itself as a multi-asset broker that offers access to CFDs like Forex pairs, commodities, indices, cryptos, and even shares. CFDs are risky assets, and traders should be careful, especially when we are talking about unregulated brokers. From commodities, there are metals (gold, silver) and energies.

Trading platforms of ADN Broker

The broker provides access to popular advanced trading platform, MetaTrader 5 (MT5). while MT5 is very advanced and useful many traders still prefer MT4 and it is a downside that ADN Broker does not offer access to MT4 platform. The broker allows both Expert Advisors (EAs) and custom indicators. Mobile trading and web trading is available via mobile MT5 app and WebTrader.

Education at ADN Broker

ADN Broker falls short when it comes to educational materials. The broker does not offer webinars, trading courses, or video guides. There is no trading blog either, which is a serious downside.

The same situation is with the trading tools as the broker does not offer any useful tools like calculators or an economic calendar.

Overall, when it comes to education and trading tools, ADN Broker does a poor job of helping its traders succeed.

ADN Broker Customer Support

Customer support at ADN Broker is provided via live chat and email channels. While the live chat is a very useful support option, the broker does not provide a phone support option, which is a serious red flag. Reputable and regulated Forex brokers never hide their phone numbers, which makes ADN Broker very risky indeed. The website is available in several languages, while the support is only provided in the English language, which is a minor downside.

ADN Broker bonuses and promotions

When it comes to bonus programs and promotions, ADN Broker only offers the ADN 10X account, which is both a funded account and a bonus account combined. However, there are no welcome or deposit bonuses offered, and no promos are available, making the firm very unattractive in this regard.

Is ADN Broker your broker? Final verdict

ADN Broker fails to provide attractive trading conditions, which would make it different from other unregulated brokers. The broker is not overseen, which is a major red flag for its safety, and there are no policies offered, like negative balance protection. There are three account types offered; spreads are high, the minimum deposit could be lower, and spreads are high. The broker allows access to the advanced MT5 platform but fails to provide phone support, which is yet another red flag.

Overall, ADN Broker is not an attractive broker and is very risky because it does not hold a license.

FAQs on ADN Broker

Where is ADN Broker based?

The ADN Broker is registered in Saint Vincent and the Grenadines, which is an offshore jurisdiction.

Can you withdraw from ADN Broker?

We were not able to confirm that the broker actually allows its traders to withdraw profits, so stay away!