Coinbase vs AdroFX

Coinbase or AdroFX – which is better for UK traders 2024? Compare Coinbase and AdroFX in this detailed breakdown of their platforms, features and fees.

Coinbase vs AdroFX Comparison Table 2024
Coinbase AdroFX
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1.4
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2.9
Coinbase is ranked #76 among crypto brokers. AdroFX is ranked #81 among CFD brokers.
Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses. AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on trading strategies.
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Pros
  • Powerful purpose-built crypto trading platform with backtesting capabilities
  • Well-regarded crypto exchange with thousands of tokens available
  • One of the most trusted brands in the crypto space
  • Fast execution speeds on the trading software
  • Slick app with excellent customer feedback
  • Margin trading available in some countries
  • You can sign up in three quick steps
  • Strong automated trading support with VPS access on MT4 offered free for Pro account holders and affordable access from $10 for other accounts
  • 60+ currency pairs is a great range that beats out many rivals and provides plenty of opportunity for forex traders
  • Quick, responsive customer support from knowledgeable staff who provide personalized responses during testing
  • AdroFx is trader-friendly with no limitations, meaning you can use scalping and other fast-paced strategies
  • MetaTrader 4 is available, catering to advanced traders with its extensive charting package
Cons
  • Coinbase trades don't take place anonymously
  • Occasional bugs have caused issues on the system
  • Lower safety score vs established crypto brokers
  • Expensive withdrawals for most payment methods, including a 1.9% charge on cards, which can be avoided at most top trading brokers
  • Low trust score with weak regulatory oversight and short track record compared to established trading brokers like IG
  • Only 100+ instruments are available, with a particularly weak stock and crypto offering, leaving little scope for diversification and reducing the broker's suitability for experienced traders
  • Mediocre selection of research tools with limited insights into upcoming events that could help beginners identify opportunities, especially compared to alternatives like eToro
Awards
  • Best STP/ECN Broker 2022 - Forex Awards
  • Most Innovative Broker 2022 - Forex Awards
  • Fastest Growing Forex Broker Europe 2022 - International Business Magazine
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Cryptos Forex, CFDs, Indices, Shares, Metals, Cryptos
Bonus
100% Deposit Bonus up to $10,000
Demo Account
No Yes
Minimum Deposit
$0 $25
Payment Methods
Minimum Trade
0.0001 XBT 0.0001 Lots
Regulator
CBoI VFSC, FSA, BSSLA
Mobile Apps
Yes iOS &; Android
iOS App Rating
rating empty
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Android App Rating
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Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
Yes No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
You can use the broker's Allpips platform to copy the trades of experienced investors. Thousands of traders have joined the community and new users can get started with a $100 deposit. That said, it doesn't rival category leaders like eToro with its highly active social trading network.
Social Trading
No Yes
Trade Signals
Smart Signals
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $5
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Silver
CFD
AdroFx offers a most selection of around 100 CFDs on stocks, cryptos, indices and commodities. Its appeal lies in the high leverage up to 1:500 which you can't find in heavily regulated jurisdictions and the commission-free pricing model which will serve beginners. You can speculate on both rising and falling prices from the same product with CFDs.
Leverage
1:500
FTSE Spread
From 9.0
GBPUSD Spread<
From 0.5
Oil Spread
N/A
Stocks Spread
From 3.0
Forex
AdroFx's strongest offering is its 60+ currency pairs, which can be traded with very high leverage up to 1:500. The broker also offers competitive forex spreads starting from 0.4 pips and charges no commission. Additionally, traders have access to MetaTrader 4, which was built for forex trading and offers excellent support for technical analysis and algo trading.
Assets
60+
GBPUSD Spread
From 0.5
EURUSD Spread
From 0.4
EURGBP Spread
From 1.5
Cryptocurrency
With some 18,000 digital assets available to trade, Coinbase is one of the leading exchanges in the crypto world with a wider selection of tokens than most alternatives. Traders access crypto markets through a powerful platform and can enjoy margin trading in some jurisdictions. Maker and taker fees are low and there are no hidden account charges. AdroFx offers just four crypto CFDs, while the typical Bitcoin spread of around 59 USD is considerably higher than the industry average, making it a poor option for serious cryptocurrency traders. This broker does not work as an exchange or wallet, meaning that only derivatives trading and not ownership of crypto assets are available.
Spread
BTC 0.1%, ETH 0.1% From 3.0
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
  • FIL
  • WBTC
  • SHIB
  • BNB
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
Coinbase AdroFX
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