Let’s be honest: who would bother spending the whole day in some group sharing trade ideas? On top of it, for free. It generally doesn’t make much sense. So, there must be a catch.

As can be seen, this copy trading platform earns from sponsorships with other brokers. Those brokers might be the ones doing the whole magic. You won’t know. However, if you read our unbiased Anders Trading review, you’ll discover how to recognize trusted platforms.

Who Is Behind Anders Trading? 

As can be seen, Anders Trading was founded by 25-year-old trader Anders Østerby. Based on the presentation, he started trading when he was 17, and even before that. He presents users with profits gained since 2018. However, his first platform was founded in 2023 according to domain age. 

To be fair, the group is quite active, primarily on Messenger and Telegram channels but also on social networks like YouTube, TikTok and Instagram. He seems to be bragging a lot about his success. Is this the case for the users? 

         FCA Warning: The Key Issue 

What’s disturbing about this copy trading platform is its recent domain change. In June 2024, the platform switched to anderstrading.co. Just a day after that, the UK’s FCA published a warning against this individual. 

The reason is quite simple. He offered trading advice to users from the United Kingdom. And yet, their disclaimer shows these signals are just for educational purposes. Surely. A trading signal is surely advice. 

User Reviews 

One more suspicious thing about this copy trading platform is Anders Trading reviews. Even though 85% of the comments on Trustpilot look positive, 15% of negative comments point out the bitter truth. Why is that so? Simply because all positive reviews come from users registered in top-tier regulated countries. And guess what? Anders Trading is not licensed to be an advisor.

Above all, traders reported too many issues with their group. Firstly, it’s not free as advertised. Secondly, the signals don’t work. Thirdly, they are using questionable brokerages that promote crypto transfers and use suspicious bonus deals. All this combined gives you a lot to worry about. Keep in mind that if there is smoke, there’s a fire. 

Is Copy Trading A Good Option? 

Generally speaking, copy trading is the easiest way to achieve success. But only if you find the right people to follow, which is quite hard with the number of swindlers being out there. For that reason, Anders Trading’s day trading offer is highly questionable to us. He’s overusing alleged positive reviews, yet if he’s so good, he will be featured elsewhere. 

The presentation of articles in a popular newsletter, such as LA Wire and NY Weekly, is also deceiving. Indeed, you can find posts related to Anders Trading copy trading there, but sponsored ones. To learn more about what swindler copy trading programs look like, check our Fred Trading review. 

Benefits Of Anders Trading Over Other Groups 

As can be seen, the presentation is quite bragging. Apparently, there’s no other copy trading group in the world that is better than this one. Sadly, after the FCA warning, everything will change slowly.

Anyway, some of the key benefits Anders Trading presents are: 

• Better risk-reward ratio
• Statistics on all trades
• 24/7 support
• Free mentorship program
• Reviews and testimonials 

And with all these benefits, Anders Trading price tag is missing. According to them, it’s all sponsored by brokerages they work with. However, before you sign up, you won’t know if the broker is legitimate or not. Why not simply use whatever broker you want and just pay to copy his trades? Because the trades are most likely trash.

Contact Options Missing

What’s surprising is that before you join the Anders Trading free group, you don’t have any option to get in touch with the person or their team. They don’t even reveal the legal entity behind this copy trading platform if there is any at all. 

Nevertheless, many reviews point out trading through Facebook Messenger and Telegram. There are even concerns regarding the reliability of the data in all the groups. Some traders even claim they have seen different signals for the same asset posted at the same time. In the sea of comments, it’s quite hard to get any high-quality support there. 

Key Things to Consider About Anders Trading

Yes, reviews might be real or fake for any company. But if you are still wondering if Anders Trading is a scam, check the FCA warning again. Nevertheless, before warning, you didn’t have any other proof. So, the only way was to test it out. Fairly, if the signals were so reliable, they would allow you to use them with any broker of your choice. This way, you know there’s something wrong. 

With this in mind, we advise you to leave the groups. And if you lost money due to bad financial advice, there may be a solution. Contact us for a free consultation and let our refund experts evaluate the case. Based on this evaluation, we’ll tell you whether or not you can get your money back. Why wait? Get in touch now.

FAQ Section

What is Anders Trading?

Anders Trading is a suspicious copy trading group founded in 2023 by young trader Anders Østerby.

Is Anders Trading Legit?

Based on numerous negative reviews and warnings from the FCA, no. Stay away from these signal sellers.

Are Anders Trading Signals Reliable?

Based on numerous complaints, no. But if you are testing any strategies, tools, or signals, better choose prop firms like Funded Trading Plus instead.