Andelex Review

About Andelex

Andelex operates from an address in Oslo, Norway (Sørkedalsveien 4, 0499 Oslo), under the domain andelex.com. There is no record of any valid license or regulatory approval. The Financial Supervisory Authority of Norway (Finanstilsynet) issued an investor warning on 29 March 2022 stating that Andelex is not authorised to provide investment services in Norway and is not subject to supervisory oversight; it recommends against entering into agreements with or transferring assets to Andelex ().

No regulatory licenses are presented on Andelex’s own website. Independent reviews note the absence of segregation of client funds, lack of negative balance protection, and no compensation schemes. The minimum deposit is reported as approximately USD 500. The broker advertises leverage up to 1:100 (though such levels exceed European limits), trading platforms such as cTrader, and account types labeled “ANFX STANDARD”, “ANFX 5”, and “ANFX cTRADER”. However, these claims lack corroboration from official documentation ().

Who it’s for

• No credible information supports a legitimate target audience; the absence of licensing and regulatory approval indicates that it does not serve retail or professional traders under any jurisdiction’s legal framework.

Pros and cons

Cons

• Unregulated and unauthorized by Finanstilsynet ()
• Minimum deposit required without transparency on fees or protection mechanisms ()
• Advertised trading infrastructure (platforms, account types, leverage) is unverified and conflicting ()