Anzo Capital HeadlinesTrading PlatformMarketsFeesMobile AppPayment MethodsDemo AccountRegulation & LicensingPromotionsAccount TypesCustomer SupportAdditional FeaturesBenefitsDrawbacksAnzo Capital VerdictAccepted CountriesAlternatives to Anzo CapitalFAQ
Anzo Capital Limited was founded in 2015 and offers over 100 forex, CFD and commodity trading instruments to clients across the world. The broker boasts both STP and ECN account models, alongside MT4 access and multilingual customer support. This 2022 Anzo Capital review will explore the broker’s markets, fees, regulation and more.
Anzo Capital Headlines
Anzo Capital Limited is a broker that offers forex, commodities and CFD trading to its userbase that spans the globe. Clients are primarily concentrated in Asian countries like Thailand and the Philippines. Founded in 2015, the company is registered in Belize, has its headquarters in Belize City and there is an additional office in Melbourne, Australia.
Trading Platform
Anzo Capital offers the world-leading MetaTrader 4 (MT4) platform that is often used for forex and CFD trading. MT4 is a fast and reliable software package that can be downloaded onto both mac OS and Windows computers. The platform can be used as a desktop client or a browser-based platform with the MT4 WebTrader. Platform features include:
Copy trading
Nine timeframes
One-click trading
Automated trading
Trading operations history
Customisable indicators, charts and alerts
Markets
Forex – Over 45 currency pairs split into two groups: major & minor pairs have lower spreads and exotic pairs have higher spreads. Maximum leverage rate of 1:1,000.
CFDs – Brent & WTI, 13 equity indices and 30 US and European company stocks. The maximum leverage offered is 1:500.
Precious Metals – Gold and silver with leverage up to 1:100.
Fees
Anzo Capital earns its money through the spread, which is the difference between the bid and ask prices of an asset. For a major pair like EUR/USD, STP account spreads are targeted at 1.8 pips, whereas ECN account spreads have a much lower target of 0.1 pips. Exotic pairs, such as EUR/SEK, target 22.1 pips and 7.2 pips for STP accounts and ECN accounts, respectively.
Additionally, there is a dormancy fee of USD 15 per month on an account if there has been no activity, such as trades, deposits or withdrawals for 90 calendar days. If there are no funds in the account, the account is archived. Furthermore, if users wish to make a withdrawal from an account without having conducted any trading activities, they are charged a 6% administrative fee.
Mobile App
Anzo Capital users that wish to trade on the go have the option to download the MetaTrader 4 trading app that is available for both Apple iOS and Android devices. This app has most of the functionality of the MetaTrader 4 platform on a desktop app or browser, with many indicators and charting objects. Additionally, users can manage their accounts and make deposits and withdrawals from within the mobile interface.
MT4 Mobile Platform
Payment Methods
Wire Transfer – 2-5 business days for the funds to be deposited into your account. Minimum deposit of USD/EUR 100 with no maximum limit. Third-party fees are borne by the broker if the deposit is over USD/EUR 3,000.
Credit Cards & Debit Cards – Immediate, free transfer of funds. Minimum deposit of USD/EUR 100 and maximum of USD/EUR 3,000.
Digital Wallets – Skrill, Neteller, Sticpay and Bitwallet can all be used to deposit funds easily into Anzo Capital accounts. Funds are deposited immediately at no cost and with no maximum limit. Skrill & Neteller have a minimum deposit of USD/EUR 20, while Sticpay payments must be more than USD 100 and cannot be enacted in EUR. Bitwallet only accepts deposits in JPY, with a minimum deposit equal to the value of USD 20.
Online Banking for DusuPay – Only ZAR accepted. USD 20 minimum and USD 1,000 maximum limits. Immediate, free deposits.
Demo Account
Anzo Capital offers users a free 30-day demo account funded with up to USD 100,000. The demo account has access to all the features of MetaTrader4 and up to 1:1,000 leverage, so traders can gain valid, realistic experience with the platform.
Regulation & Licensing
Anzo Capital is a legitimate broker that is regulated and licensed with the International Financial Services Commission (IFSC) of Belize, with registration number 000331/172. Belize has committed to adhering to the objectives of the UN. It is important to note that NFA and CFTC regulations prevent US-based traders from opening an account with non-US regulated brokers.
Promotions
Anzo Capital offers new users a welcome bonus of 10% of the first deposit after signing up. The broker also offers other promotions and deals periodically.
Account Types
Anzo Capital clients can open either STP or ECN accounts.
ECN
USD 7/EUR 6 commission per lot round turn
USD/EUR 500 minimum deposit
Dedicated 24/5 account manager
Corporate accounts supported
1:500 maximum leverage
STP
USD/EUR 100 minimum deposit
1:1,000 maximum leverage
No commissions
When you first register an account and login to Anzo Capital, you must provide supporting documents for validation. These are for proof of identification and residence.
Customer Support
Anzo Capital customer service is offered in several languages, including English, Nigerian, Spanish and Vietnamese. Live chat is available 24/5 and responses to email tickets can be expected within two hours during working hours. Additionally, the broker is available on social media like Facebook, Twitter, Reddit and YouTube.
Additional Features
There is a Research & Tools tab on the Anzo Capital website that provides a wide range of helpful information and guides such as forex guides, calculators, daily insights and trading signals.
MetaTrader 4 Platform
Benefits
Demo account
ECN and STP models
Leverage up to 1:1,000
MetaTrader 4 platform
Range of payment methods
Several languages supported
Drawbacks
Inactivity fees
Limited asset range
Not available in the US
Anzo Capital Verdict
Anzo Capital is an accessible forex and CFD broker that offers low minimum deposit and trade limits, alongside high leverage rates and a range of payment methods and support languages. The implementation of the world-leading MetaTrader 4 platform, as well as the extensive library of guides and tools and the ECN and STP execution options, helps to make this a competitive trading experience. However, the broker’s asset range isn’t massive and there are inactivity fees to watch out for.
Accepted Countries
Anzo Capital accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Anzo Capital from United States, Singapore.
Alternatives to Anzo Capital
If you are looking for alternatives to Anzo Capital we have compiled a list of the top 5 brokers that are similar to Anzo Capital below. This list of brokers like Anzo Capital is in order of similarity and only includes companies that accept traders from your location.
Pacific Union – Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms.
Infinox – Infinox is a UK-based broker offering MT4 trading with tight spreads.
LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
UFX – UFX are forex trading specialists that also offer popular stocks, ETFs, indices, and commodities. Offering tight spreads and one of the best ranges of major and minor pairs, they are a great option for aspiring FX investors.
FAQ
Is Anzo Capital Legitimate?
Yes, the broker is regulated by the International Financial Services Commission based in Belize. Anzo Capital acts per industry regulations to ensure that client funds are held in accounts separate from the company funds and customers have legal protection in the event of malpractice.
In Which Countries Are Residents Permitted To Make Anzo Capital Accounts?
The only country in which residents cannot make an account with the broker is the USA. This means that traders based in any other country, including Nigeria, the Philippines, Indonesia and South Korea, can make an account with Anzo Capital.
How Do I Open An Anzo Capital Account?
To make an account with Anzo Capital, you need to fill in a registration form that you will find on the broker’s website, submit the verification documents and deposit at least USD 100 for an STP account or USD 500 for an ECN account.
What Trading Platforms Are Available
Traders can use the MetaTrader 4 platform on any of their devices. This means clients can use the desktop browser version, the computer application that is downloadable on both Mac OS and Windows and the mobile version available on Apple iOS and Android.
Does Anzo Capital Provide A Demo Account?
Yes, there is a free 30-day demo account available for all users and prospective clients. If you are an inexperienced trader, you should take advantage of this service to learn about the different markets and platforms by using the USD 100,000 digital funds and 1:,1000 leverage offered.