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Anzo Capital review and ratings

Established 2015
Location Australia Belize
Regulation ASIC, IFSC
Offices Melbourne, Belize City
Broker type STP | ECN
Leverage up to 1:500
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Yandex Money Qiwi BitWallet POLi

Company information

Anzo Capital includes 2 related companies.

Anzo Capital AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Anzo Capital BZ - located in Belize, regulated by the International Financial Services Commission of Belize (IFSC).

Unfortunately, AU company has been imposed with trading leverage limitations by ASIC since the end of March 2021.
At the same time, BZ company is free from such restrictions.

Availability

Anzo Capital accepts clients from all over the world, excluding USA.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

45+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
11 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).

Comprehensive review

Anzo Capital is an Australia and Belize-regulated forex and CFD broker that has been operating since 2015. The broker stands out with a strong line-up of forex pairs and CFDs on just about any stock index a trader can imagine. Anzo accepts clients from all corners of the globe, with the sole exception of the United States.

The company behind the broker for non-Australian users is Anzo Capital Limited., registered in the offshore jurisdiction of Belize with registration number 000331/172. In Australia, the company is registered with the Australian Securities and Investments Commission (ASIC) under the name Anzo Capital Pty Ltd, with registration number 001274554. Looking up both of these entities online shows that the companies are properly listed and regulated in their respective jurisdictions.

With that said, however, it should also be mentioned that being regulated in an offshore jurisdiction like Belize does not carry the same weight as being regulated in for example Australia. Still, this is a tradeoff many traders are happy to accept given the recent reduction in trading leverage that the Australian regulator allows for local forex brokers. Following these regulatory changes in, Anzo Capital now allows a maximum leverage of just 1:30 in Australia, while it continues to offer up to 1:1,000 in leverage internationally.

Next, let’s take a look at what a trader can expect to trade at Anzo. Overall, this broker offers a range of trading instruments across the standard categories such as forex, stock index CFDs, commodity CFDs, and precious metals. In all, there are 46 currency pairs to choose from, including majors, minors, and exotic pairs. In addition, the broker offers CFDs on 11 major international stock indices, as well as brent oil, WTI, gold, and silver.

The account types offered by Anzo include Individual, Joint, and Corporate accounts, all available in both STP (straight-through processing) and ECN (electronic communications network) versions, where the STP account offers commission-free trading and the ECN account offers the lowest spreads. A free 30-day demo account with USD 100,000 in virtual capital is also available for new traders who want to hone their trading skills risk-free.

The STP account comes with dynamic and tight spreads, a USD 100 minimum deposit, and trading leverage of up to 1:1000 for FX instruments when the equity is less than USD 5,000. The ECN account, on the other hand, requires a USD 500 minimum deposit, and offers leverage of up to 1:500.

Deposits and withdrawals of funds with Anzo can be made by major credit and debit cards like Visa, MasterCard, and UnionPay, international bank wire transfer, and a number of online money transfer services. Both deposits and withdrawals are processed for free with credit and debit card, which is something we appreciate.

Anzo relies on the classic MetaTrader 4 (MT4) as its trading platform, while giving clients the choice to also use the web-based and mobile versions of the same platform for Apple and Android devices. MT4 has been the most popular forex and CFD trading platform among retail traders for years now, and still remains popular due to the unmatched selection of “Expert Advisors,” or trading algorithms, that users can choose to follow.

A virtual private server (VPS) necessary to run automated trading strategies on MT4 even when a computer is turned off, is available for free for clients with a minimum average daily balance of USD 5,000 and trading activity of more than 5 round turn lots per month. For other clients, the cost of a VPS with Anzo is USD 35 per month, available upon request to the broker.

Lastly, Anzo’s customer service is mainly based on a live chat function on the website, as well as email. Unfortunately, the broker has not made any direct support phone number available for its clients, and it also lacks information about the support team’s working hours.

Reviews from traders

5/5
(3 votes)
5/5
Indonesia
Indonesia
5/5
Indonesia
Indonesia
No rating
United Kingdom
United Kingdom
5/5
Vietnam
Vietnam
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