Andelex

Based on its regulatory status and overall rating, Andelex presents significant safety concerns. According to WikiFX data, the firm holds a very low overall score of 1.47 out of 10. A fundamental review confirms that it operates without any valid forex trading licenses. This complete absence of credible regulatory oversight means client funds are not protected by standard industry safeguards, classifying it as a high-risk entity. Reliability cannot be assured in such an environment.

No, Andelex is not regulated. An authoritative licensing review confirms the broker holds no valid forex trading licenses from any recognized financial authority. It operates as an unregulated offshore entity, which means it is not subject to the rules, capital requirements, or client fund segregation mandates that govern licensed brokers.

Andelex offers multiple account tiers with varying minimum deposit requirements. According to its account specifications, the minimum deposit starts at $500 USD for the ANFX STANDARD account. Higher-tier accounts, such as ANFX 5 and ANFX cTRADER, require minimum deposits of $2,000 USD and $5,000 USD, respectively.

The available account data specifies the use of the cTRADER platform for one account type. There is no explicit mention of support for MetaTrader 4 (MT4) or MetaTrader 5 (MT5) in the current operational profile. Prospective users should verify the specific platforms supported directly with the entity or through further independent research.