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Anzo Capital Review 2024

Another new broker that I’m going to review is Anzo Capital. Founded in 2016, Anzo Capital is a Belize-based forex broker. Their website supports various languages like English, Russian, Spanish and Chinese but they do not accept clients from the United States.

Anzo capital aims to rebuild traders’ confidence with clients’ perspectives in mind to address the risks they face. Anzo capital claims to be firmly established. With offices around the globe to provide its clients with a superior trading environment through its international network of expertise.

Anzo Capital is offering the MetaTrader4 trading platform, which is my favourite platform because it’s fast, stable and it’s also suitable for traders who are using expert advisors. If you are wondering about Anzo Capital’s advantages and disadvantages you can continue reading my Anzo Capital review.

Is Anzo Capital scam or a good broker? is Anzo Capital legit? What are Anzo Capital’s account types, spreads, leverage ratio and deposit methods? Is Anzo Capital a regulated broker? I will answer all these questions through this Anzo Capital review 2024. But first, let’s check Anzo Capital’s regulation.

4.4
EXPERT SCORE
Average
I reviewed Anzo Capital based on the following criteria.
COMMISSIONS AND FEES
30%
TRUST
60%
TRADABLE INSTRUMENTSS
60%
PLATFORMS & TOOLS
30%
CUSTOMER SERVICE
40%
PROS
CONS

Regulation

I can’t stress enough the importance of regulation, especially when dealing with any sort of broker in the forex markets. Due to the fact of the market being decentralized and massively liquid since it’s the biggest market in the world, it would also carry within all sorts of scammers and fraudsters that disguise in the form of a good and international broker house.

Being in the market for years now, allowed me not only to recognize these scammers but also to make sure my readers would stay away from them to protect their funds and avoid any sort of risks that can affect their transactions.

Yet, having regulation is essential to guarantee the trader would have a protected forex and CFD trading experience where their funds would be secured in safe banks, in addition to guaranteeing the segregation of the client’s funds from Anzo Capital‘s own operational funds, in addition to the presence of a compensation scheme via some of the regulators to make sure the traders would not lose their funds in case of a dispute.

In the case of Anzo Capital here, it is a well-capitalized firm regulated by the Financial Services Commission of Belize, with registration no: 000331/281. And so, the question of “is Anzo capital legit” has an answer of yes after I have shown the regulatory organization governing Anzo Capital.

There are more serious regulators like CySEC in Cyprus, Financial Conduct Authority (FCA) in the UK, or the Australian Securities and Investments Commission (ASIC) in Australia but it is better than being an unregulated forex broker. If you want to have a look at different brokers with stronger kinds of regulations check my list of Asic-regulated forex brokers here.

Anzo Capital is promising the security of funds for their traders since they are working in accordance with the industry rules to ensure that the funds of traders are protected. Anzo Capital adheres to stringent guidelines by the authorities, which include Anti-Money Laundering policies to protect all clients. They don’t accept third-party deposits or withdrawal requests

By the way, regulators like FCA and CySEC, lowered the leverage rates because of new measures of ESMA. And also, it is hard to obtain licenses from these regulators. That’s why some of the new brokers choose to be regulated by IFSC or Vanuatu Financial Services Commission (VFSC).

Account Types

Anzo Capital offers 2 account types each with different characteristics and trading features so traders would get the chance to choose what they want to trade with according to their desired techniques.

These accounts are:

The STP account: in this account type, the minimum deposit to start trading within this account is $100 or more which is the same amount as the average minimum deposit in the forex market. Leverage of 1:1000 is offered as the maximum amount. With floating spreads and no commissions added on the transactions done within this account type. The minimum trade size is a micro lot which allows more flexibility and options for clients to open more positions. However, a dedicated account manager is a feature that seems to be absent from the STP account type in addition to the absence of a corporate account option for this type of account.

The ECN account: With a higher minimum deposit than the STP account, to reach $500 and more in this account type, the ECN account offers floating spreads as well as a micro lot as minimum trading volume. The maximum offered leverage here is 1:500 in addition to the presence of a commission on transactions that can reach $4 per lot round trip. A dedicated account manager is available with this account type in addition to the possibility to trade in a corporate form via the ECN account.

Both account types have EUR and USD as the base currencies. In addition, a maximum trade size of 50 units is allowed on both accounts. The margin call is 80% and the stop-out level is 50% in both STP and ECN accounts. MT4 and MT5 are available for trade in all formats with both account types.

The option to choose a demo account is also presented to traders who would like to try out Anzo Capital or the trading conditions or even newbie traders who wish to test out their information and new knowledge acquired without risking a lot of funding in the process. Expert traders prefer to use the demo account when they want to test out new trading strategies or investing techniques without losing out funds while they perfect the new methods of trading.

Payment Methods

There are multiple ways to fund and withdraw from your live account with Anzo capital and via this AnzoCapital review, I’ll present you with all the presented ways and the features of each of them so you’d have the decision on choosing which means is preferable to you.

The funding methods include:

Bank wire transfer: take 2-5 business days with $100 as the minimum amount. in regard to commissions, Anzo Capital states that any deposit of USD/EUR 3,000 and above Anzo will bear receiving bank’s charges. While depositing below USD/EUR 3,000, the client is to bear all fees and charges.

Credit and debit cards: Visa and MasterCard. With $/€20 as the minimum amount to fund and $/€3000 as the maximum amount, card deposits take immediate effect with zero commission fees.

Digital wallet options: like Skrill, Neteller, and Sticpay, where all of these options take immediate effect and without any commission fees. Skrill and Neteller are having $/€20 as a minimum amount to deposit with no maximum amount while Sticpay is having $/€100 as the minimum amount to deposit without any limit on the maximum amount.

Online banking: with IDR and VND as the base currencies and $100 as the minimum amount to deposit and $10000 as the maximum amount. the online banking deposit takes immediate effect as well as free of commission fees.

Withdrawals take place via different channels that are a bit less than the deposit channels but the breakdown of them is as follows:

Wire transfer withdrawal: 2-5 business days is the processing time for that type of withdrawal in addition to having a minimum amount of $/€100 and no maximum limit of the withdrawal amount. Withdrawal of USD/EUR 3,000 and above Anzo will bear transmitting bank’s charges. Whereas, for withdrawals below USD/EUR 3,000, the client is to bear all fees and charges.

Digital wallet: Skrill, Neteller, and Sticpay withdrawals are all processed on weekdays and are free of commissions, with minimum withdrawal amounts of $20 and no maximum amounts.

Online Banking: with $20 as the minimum amount and $10000 as the maximum withdrawal amount here, the online banking withdrawal is commission free and takes place within weekdays.

The lack of enough methods for funding and withdrawals was another con in the rating of Anzo Capital on my list since other brokers in the market offer a very big variety of channels. Let me also mention that cryptocurrency funding and withdrawal which is fast and trusted is absent from Anzo Capital‘s available presented options.

Final Thoughts

I have gathered all the needed information within this AnzoCapital review 2024.

I’ve stumbled across the question is Anzo Capital legit? so many times while browsing the web and let me tell you for sure, based on the information I’ve gathered and that I’ve stated for you in this AnzoCapital review that Anzo Capital is regulated yet it’s not a strong regulation with claims of funds’ security and segregation of accounts.

2 different accounts are offered where the minimum deposit in the STP account is $100 with 1:1000 maximum leverage. The CN account has a $500 minimum deposit amount with a 1:500 leverage amount offered.

A demo account is offered in addition to the most famous trading platforms in the market which are MT4 and MT5.

There are several cons that I’ve discussed through this AnzoCapital review, that’s why the broker was on the poor side of my list, no clear details about the security of funds and no attempts to get a stronger regulation acquired, one thing I can say for sure is that the broker is trying their best to make a name for themselves.

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anza capital
Rating: 4.4