Anzo Capital Review & User Rating 2021
Belize based Anzo Capital has been in operation since 2015. The broker allows traders to trade a gamut of financial instruments such as Forex, CFDs, Exotic currencies, Commodities, and Meals.
|Regulated by : IFSC|
|Min. Deposit : 100|
|Max. Leverage : 1:500|
|Headquarters : Belize|
The brokerage firm allows traders to trade over 45 forex currency pairs and around 11 indices. The regulated broker accepts traders from all parts of the world, barring the United States.
Anzo Capital Regulation
As far as the regulations are concerned, the broker is duly regulated and monitored by the International Financial Services Commission (IFSC), CySEC, Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).
This implies that the broker is required to follow strict regulations and standards for the safety of traders’ funds. These regulatory bodies also require Anzo Capital to keep a minimum capital amount in addition to maintaining the client funds in segregated accounts.
Anzo Capital Trading Platform
Before proceeding with any broker, it is crucial to know more about their trading platform, conditions, and features. As far as Anzo Capital is concerned, the broker offers an excellent environment for trading with its MT4 platform that can be easily accessed both through the Web as well as mobile devices. With MetaTrader4, traders have the option of engaging in automated trading. Apart from this, Expert Advisors is another handy feature that makes trading both quick and convenient.
The spreads, however, are much higher than what Anzo Capital advertises. When we scanned their website, we found that with their STP trading account, traders get spread floating for the EUR/USD pair, which is almost 1.8pips. But, after personally testing with their demo account, we discovered that the spreads were in the range of 2.1-2.2 pips. Typically, spreads should be kept at 1.5, but in Anzo Capital’s case, it is much higher. On the other hand, the spread for the ECN account is very low at 0.1pip. But, here, Anzo Capital chares a 7US dollar commission for every lot traded.
Deposits & Withdrawals
Deposits and withdrawals are an equally important factor for creating an account with the broker. Typically, the broker should offer speedy and secure methods for depositing funds. With Anzo Capital, you get both. Deposit and withdrawals can be carried out through bank wire transfer, Visa, Mastercard, and e-Wallets such as FasaPay, WebMoney, UnionPay, QIWI, DragonPay, Yandex as well as MyBitWallet. The minimum amount required for setting up an STP account is 100$, and the same for an ECN trading account is 500 USD.
While deposits are credited immediately to the trader’s account, withdrawals may take anywhere between 2-5 days or the next working day, depending upon the method of withdrawal.
No. 5 Cork Street, Belize City, Belize, C.A.