Anzo Capital Review 2020
Anzo Capital is an online forex and CFD broker that is based in Belize and offers trading online via the popular MetaTrader 4 (MT4) trading platforms. The broker has limited trading instruments and the trading brokers review team consider the offshore regulation to not be ideal.
Anzo Capital Review 2020, Pros & Cons
- Negative balance protection
- Direct market access via ECN accounts
- Full range of MT4 platforms
- MQL5 trading signals & MyFxbook AutoTrade
- No US clients
- Limited tradable instruments
- Offshore regulation
- Clients’ funds not insured by a third-party organization
- Limited customer service channels — no phone number
In this detailed Anzo Capital review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Anzo Capital is not ranked in our best forex brokers, best stock brokers, best CFD brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Anzo Capital.
Anzo Capital Review: Summary
Anzo Capital is an online trading broker whose mission is to provide a secure online trading environment with all the essential trading tools and resources. They provide different MT4 trading platforms — desktop, web, mobile, and MultiTerminal applications — and offer direct market access via ECN accounts.
The broker offers trading services in over 80 currency pairs, a few commodities, and a number of equity indexes — offering competitive floating spreads, fast execution without requotes, and negative balance protection. But they are not strictly regulated, and there is no phone number to reach their customer service team – not ideal in the case of an emergency.
Anzo Capital Review: Regulation
Anzo Capital Limited is registered in Belize, with the registration number: IFSC/60/482/TS/19. So, they are regulated by the International Financial Services Commission (IFSC), which is the financial regulatory authority for financial services firms in Belize. Since Belize is not one of the major economies of the world, the IFSC is regarded as a tier 3 financial regulator.
While the Belize government is committed to ensuring that financial service firms under its jurisdiction comply with international best practices in the industry, we can’t say that Anzo Capital is tightly regulated. Moreover, there is no evidence that clients’ funds are insured, and the broker is not a member of the Financial Commission — an organization that resolves client-broker disputes, with up to €20,000 compensation package.
On the bright side, however, the broker states that clients’ funds are wholly segregated from the company funds and are held in separate bank accounts. Keeping clients’ funds separately from company funds implies some form of protection — if Anzo Capital becomes bankrupt in the future, the clients could be refunded.
Anzo Capital Review: Countries
Anzo Capital accepts traders from different parts of the world, including Africa, Asia, and the Americas.The broker states that they do not accept clients from the United States. Some Anzo Capital broker features and products mentioned within this Anzo Capital review may not be available to traders from certain countries because of legal restrictions.
Anzo Capital Review: Trading Platforms
MetaTrader 4 is one of the most widely used trading platforms in the world, and Anzo Capital provides traders with a complete spectrum of MetaTrader 4 applications — Desktop, WebTrader, Mobile, and MultiTerminal.
The Anzo Capital MT4 Desktop application is enabled with all the MT4 functionalities and is available in many languages, including English, Simplified Chinese, Traditional Chinese, and Vietnamese. It has a customizable and user-friendly interface, with a suite of technical analysis and automation tools. Plus, its MQL language makes it easy to program indicators or create expert advisors for automated trading strategies.
Anzo Capital MT4 WebTrader is a browser-based MT4 for instant online trading, which requires no installation to use, and is compatible with all common browsers, such as Google Chrome, Firefox, and Safari. It has all the advantages of the desktop version and is fully compatible with the entire MetaTrader 4 applications.
Anzo Capital MT4 Mobile makes it possible for you to trade anywhere you are. It has enough features that can assist you in quickly analyzing the market and placing trades.
Anzo Capital MT4 MultiTerminal offers a convenient way to manage simultaneously from one interface. It can connect up to 128 accounts for easy management, and you can place trades individually or collectively.
Multi Account Manager (MAM)
MAM is an integrated platform that enables you to control an unlimited number of managed accounts operating under a master account. If you are a money manager, you may find this application very useful, as you can manage all your clients’ accounts from a single interface.
Anzo Capital Review: Trading Tools
Anzo Capital provides a lot of tools that make trading a lot easier. Some of those tools include Forex Calculators, MQL5 Signals, MyFxbook AutoTrade, VPS, and Economic Calendar.
The broker provides Forex Calculators on their website. These calculators are designed to help you make accurate assessments of key forex values, such as pip, margin, swap, and profit and loss.
From your Anzo Capital MT4 trading platform, you can easily subscribe to any MQL5 signal you want.
Myfxbook AutoTrade is one of the most advanced copy trading tools available. Anzo Capital makes this tool available to you if you have an ECN account, with a minimum deposit of $1,000, with them. The trading commission when using this service $12USD/lot RT.
A virtual private server (VPS) helps you to trade with your expert advisors 24/5 without interruptions. Anzo Capital provides you with VPS free of charge if you have a daily average balance of at least $5,000 and have traded 5 lots round turn per month. Without meeting these criteria, the VPS costs USD 35 per month, with partial months pro-rated.
Anzo Capital has Economic Calendar on their website, and the news and data are automatically updated so you have up-to-date information about what is happening in the markets.
Anzo Capital Review: Education
Anzo Capital has a number of educational resources on their website that can help both beginners and experienced traders.
This is a beginners’ guide that helps new traders understand how trading works and the basic terminology of the forex market.
The broker has a number of trading tutorials — both articles and videos — that tackles some basic topics about forex trading.
Anzo Capital has a huge compilation of podcasts on forex trading, which they titled Financial Market Masterminds. They release new ones on their website every week.
Anzo Capital Review: Trading Instruments
Anzo Capital offers forex and CFD trading in more than 80 currency pairs, a number of commodities, and some equity indices.
With Anzo Capital, you can trade many currency pairs including:
- Major pairs, like the EUR/USD, GBP/USD, and USD/JPY
- Minor pairs, like the AUD/CHF, AUD/JPY, and AUD/NZD
- Exotic pairs, like EUR/DKK, EUR/HUF, and USD/DKK
The broker offers trading in a few commodities, including
- Precious metals — gold and silver
- Energies — WTI Crude Oil and Brent Crude Oil
Anzo Capital offers CFD trading in a number of stock indices of the major markets around the world, such as the ASX200, STOXX50, DAX30, Dow Jones Index, S&P 500 Index, and FTSE100.
Anzo Capital Review: Trading Accounts & Fees
Anzo Capital offers two types of accounts — STP and ECN accounts. The minimum deposit for the STP account is $100, while that of the ECN account is $500. Both accounts have floating spread, but while STP has no commission fees, the ECN has a $7USD/lot RT commission.
You can trade micro lots on both accounts. The leverage can be up to 1:500 on any of the accounts, but it will be adjusted according to your account’s equity amount — see the picture below. There is negative balance protection for both accounts, and you will get a margin call at an 80% free margin and get stopped out when your account falls to 50% free margin.
As broker fees can vary and change, there may be additional fees that are not listed in this Anzo Capital review. It is imperative to ensure that you check and understand all of the latest information before you open an Anzo Capital brokerage account for online trading.
Anzo Capital Review: Customer Service
Anzo Capital provides customer support services through email and live chat. The customer service team is available via live chat 24/5 to provide you with immediate support all through the trading hours. For email inquiry, their response time is within 2 hours only during working hours from Monday to Friday. Unfortunately, the broker doesn’t provide any phone number that customers can reach them on.
Anzo Capital Review: Deposit & Withdrawal
Anzo Capital accepts a number of payment methods for both fund deposits and withdrawals. The broker doesn’t charge any fee on those transactions, but the payment processor may charge you.
- Bank wire transfer: It takes about 2-5 working days to process a deposit or withdrawal. The minimum you can deposit or withdraw is $100. You will bear the bank transaction charges for deposit or withdrawal of less than $3,000, while the broker bears the charges if you’re transacting $3,000 or more.
- Credit/Debit Cards: Anzo accepts MasterCard, Visa, and JCB cards. Deposit is immediate, but withdrawal takes one working day. The minimum you can withdraw is $20, and there are no transaction charges.
- Digital wallets: The broker uses NETELLER, Skrill, and WebMoney. Deposits are processed immediately, but withdrawal takes one working day. The minimum you can withdraw is $20, and there are no charges.
Anzo Capital Review: Account Opening
Creating an account with Anzo Capital is a 6-step process that starts with filling the online registration form on the bottom-right corner of their homepage.
After submitting the form, you will be asked to verify your email and then complete your application by answering some questions and providing your personal details, including submitting your means of identification and proof of address. When your application gets approved, you simply login to your Anzo Capital Trader’s Portal, create a live MT4 Trading Account, fund the account, and start trading.
Anzo Capital Review: Conclusion
Anzo Capital is an online retail broker that offers forex and CFD trading in several currency pairs, a few commodities, and some of the major stock market indices. The broker offers country-specific services to some Asian and African countries, but their international service is based in Belize.
With Anzo capital, traders can have direct market access through the ECN accounts. The broker provides the full spectrum of MT4 applications, including MT4 MultiTerminal and Multi Account Manager. Forex Calculators, VPS, Economic Calendar, and MQL5 trading signals are also provided to assist traders in making trading decisions.
However, the broker’s international service is only regulated by the IFSC, which is a tier 3 financial regulator. While clients’ funds are kept separately from company funds, they don’t seem to be insured by any third-party organization. Additionally, there’s no phone number to reach them.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than what you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.