Ande Finance Review – Heartless Conditions to Block Withdrawals
Ande Finance Review – Heartless Conditions to Block Withdrawals

Being popularized as a next-generation online trading portal that implements innovative solutions in the finance world, Ande Finance broker sure has a convincing campaign. However, good marketing is far from everything a proper brokerage firm should employ. 

The lack of corporate information and precise trading conditions are negative details that make this firm stand out. Why is that so, read our Ande Finance review and find out.

Regulated by: Unregulated Broker
Is This Company Safe? This company doesn’t own a legit license and cannot be considered safe!
Known Websites:
Have Warnings from: N/A
Registered in: N/A
Operating since: N/A
Trading Platforms: MT5
Maximum Leverage: 1:100
Minimum Deposit: $250
Deposit Bonus: Hinted, undisclosed
Trading Assets: Forex, Indices, Commodities, Stocks
Free Demo Account: No
How to  Withdraw from This Company? Payout terms are quite confusing – to avoid loss, please consult our legal experts for safe withdrawals.

Missing Legal Data

Getting familiar with what your broker of choice has to offer starts with learning about their corporate details. This conduct is, unfortunately, completely secretive about their business background and fully anonymous. Not a single trace of them exists in popular databases, such as those kept by FCA, CySEC, BaFin and ASIC.

Furthermore, the scheme is so protective of the details about their line of work it’s as if they do not exist anywhere else except online and in the form of the site in question. Since we could find anything about their regulation, it’s pretty certain they own none. 

For traders, that means no adequate fund safety, absence of segregated bank accounts and no AML measures implemented. Moreover, in case the firm fails, you won’t be able to rely on compensation schemes to make up for your investment loss. 

What is likely the case is that the firm is an offshore sham, aiming to get your money, just like GFE Markets. So beware, and please choose a Forex dealer you can actually trust.

Efficient At Hiding Their Tracks

To call this scheme clandestine would be an understatement. The fraudsters are so thorough in hiding their tracks that the WhoIs data is simply unavailable. There are virtually no Ande Finance reviews to speak of either.

Using advanced website analysis tools created difficulties of its own, since the traffic is so low. Still, we’ve managed to learn that the site is frequented by citizens of the following countries:

  • United Kingdom
  • United States
  • Romania

All this is indicative of a so-called boiler room operation, a con scheme similar to How2Crypto. The employees of these organizations keep pestering people to invest, usually by phone or online chat services.

You wouldn’t believe how far these cybercriminals are ready to go just to get some of that illicit money. If you were unfortunate enough to deposit funds to this scheme, contact our experts for help with recovery.

Fees and Expenses Kept Secret

Rule of thumb is, if your securities dealer is keeping costs away from you, be sure they’re hiding fraudulent intentions. 

Transparent brokers are obligated by their supervisors and business ethics to be honest about the costs of their services. This firm doesn’t follow the pattern, which means they’re not genuine and do not mean to do well.

Except for the leverage that ranges between 1:10 and 1:100, other trading terms are also hidden. Spreads are just described as “tight”. Also, legal papers claim no fees are charged for withdrawal of funds. We highly suspect that.

Stipulations on Bonuses

The account types page doesn’t explicitly mark the bonuses as an available option. Customers rather have to refer to legal documentation for clarification. 

These cash rewards are treated as “non-deposited funds”. Bonuses can only be withdrawn if the client executes a minimum trading volume that is 25 times the deposit amount and bonus issued.

Are These Features Worth the Money?

There’s no doubt that industry leading online trading portals have a lot more to offer. If you compare these scarce and overly expensive features, you’ll easily make sure of that. Nonetheless, let’s discuss the specifics of the offer.

Unusable Trading Platform

To make themselves appear as a premium Forex provider, these miscreants cleverly misuse the famous MT5. You see, the client area presents links for downloading this prestigious software to your desktop machine and also offers a web version of it.

Unfortunately, it’s just a demo of the software and you will not get valid credentials to log into the live trading server. Ande Finance Forex trading is a question at this point, considering no order placing is possible.

Poor Portfolio

Without clarifying which trading instruments are exactly available, the site quotes these few groups of tradable assets:

  • Indices – DAX, DOW, IBEX
  • Commodities – Gold, Silver, Oil
  • Stocks – Tesla, BMW, Samsung

What do the Packages Include?

The Ande Finance account types do not feature anything special or particularly worth buying. More expensive bundles have higher leverage unlocked and a market overview option. 

However, that is all that differs them from other accounts. Here’s the list of available types and the deposit expectations:

  • MINI – $250
  • STANDART – $500
  • CLASSIC – $1.000
  • VIP – $5.000
  • PRO – $10.000

Transfers Breach AML

It is well known to all strictly supervised online trading brands that account funding and withdrawal of funds has to be allowed through the same transaction channel. 

In this case, however, Ande Finance deposits could be made in crypto currencies, while withdrawals are allegedly processed through credit cards and bank wire. 

Such conditions are in obvious collision with the anti money laundering standards, something this unnamed swindler doesn’t care to respect. Furthermore, while one part of the legal texts says no Ande Finance withdrawal fees are applied, another section says these commissions are directly derived from your total account balance!

Support and Help Center

An alleged team of experienced experts is at your disposal 24/5, always ready to help and advise you. Or so says the obscure web presentation. The only way to contact the client support center is via email. That doesn’t seem reassuring, nor does it give an impression of a well-developed and organized service.

Swindlers Got Your Money? Take It Back!

Investing with the Ande Finance scam is ill-advised, as it presents a major danger not only to your invested money, but your personal information. These confidence tricksters are known to abuse the KYC data to completely clean out the victims’ bank accounts.

Don’t wait for the recovery opportunity to pass you by. With the help of our experts, you can still get the money back! Using the live chat, you can reach us around the clock and book your free first consultation.

FAQ Section

What is Ande Finance?

It is a dangerous boiler room that works under the pretense of a forex broker.

Is Ande Finance Legit?

No, this firm is completely illegal. Do not trust your funds with this illicit broker!

What is a Chargeback?

It is a method of recovering money lost on various bank card scams. Reach out to our professionals for more information.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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