ANZ Forex Broker

ANZ Review SummaryFounded1951Registered Country/RegionAustraliaRegulationASICProducts and ServicesPersonal, Business, and Institutional Banking Products (see summary below)Demo Account❌Trading PlatformANZ Plus App, ANZ AppMin DepositNo minimum deposit requirement statedCustomer SupportCall: 13 13 14 or +61 3 9683 9999ANZ Information ANZ, founded in 1951, is a well-established Australian bank regulated by ASIC. It provides full financial services to retail, commercial, and institutional clients. ANZ has great mobile banking apps, attractive savings rates, and straightforward fees. It doesn't support MT4/MT5 or demo/Islamic accounts.Pros and ConsProsConsRegulated by ASICDoes not support trading platforms like MT4/MT5No monthly account fees on key savings accountsNo demo account availableHigh interest rates up to 4.75% p.a. on select savings productsNo Islamic (swap-free) account optionIs ANZ Legit? ANZ (Australia and New Zealand Banking Group Limited) is a legitimate and regulated financial institution, authorized by the Australian Securities and Investments Commission (ASIC). It holds a Market Maker (MM) license under license number 000234527, effective since October 1, 2003. This regulatory oversight ensures that ANZ operates in accordance with Australian financial laws and standards.Products and Services ANZ offers a broad range of financial services across personal, business, and institutional banking. Its products include bank accounts, loans, credit cards, insurance, investment services, superannuation, foreign exchange, and customized banking solutions for both individuals and corporations.CategoryProducts / ServicesPersonal BankingBank accounts, Credit cards, Home loans, Personal loans, InsuranceSuperannuation & retirement, Travel & international, Ways to bank, Private bankingIntermediary deposits, Financial wellbeing tools, Security hubBusiness BankingBusiness finance, Business credit cards, Business accounts, Payments solutionsOnline business banking, Business hub, International business, Indigenous bankingBusiness cyber securityInstitutional BankingIndustry solutions, Global insights (ANZ Insights & Research), Digital servicesFX Online, Global network presence, Risk and rates advisory, Business cybersecurityAccount Types ANZ has a great range of genuine accounts suited for various consumer needs, including daily banking, savings, term deposits, and investment cash flow management. They are not now promoting the availability of Islamic (swap-free) accounts or demo accounts.Account TypeDescriptionSuitable ForANZ PlusIncludes a spending account (ANZ Plus) and a savings account (ANZ Save)Everyday users and goal-based saversANZ Access AdvantageTransactional account with Visa Debit, PayID, and fee waiversGeneral public needing day-to-day bankingANZ Online SaverHigh-interest savings with no minimum balance or feesSavers who want flexibility and no lock-insANZ Progress SaverBonus interest for regular deposits with no withdrawalsGoal-based savers, including youth accountsANZ Access BasicBasic account for concession card holdersLow-income customers or welfare recipientsANZ Pensioner AdvantageInterest-earning account for pensioners with Visa DebitRetired individuals receiving pensionsMigrant BankingAccounts for those newly arrived in AustraliaNew migrants needing local banking accessPremium Cash Management AccountInvestment-linked cash flow managementHigh-net-worth or investment-focused clientsANZ Term Deposit (Advance Notice)Fixed-rate account with various term optionsInvestors seeking secure, predictable returnsANZ Fees ANZs fees are generally low to moderate compared to industry standards. Interest rates vary depending on account type and conditions met. Most accounts like ANZ Save and ANZ Plus Flex Saver offer no monthly account fees and competitive interest rates up to 4.75% p.a.Account TypeMonthly FeeInterest Rate (p.a.)Key FeaturesANZ Plus$04.75% (standard + bonus)Everyday & savings account via app; bonus if balance grows $100+ monthlyANZ Access Advantage$5 (may be waived)No interestVisa Debit Card, PayID payments, easy everyday useANZ Online Saver$01.15% (standard variable)No min. balance, no monthly feeANZ Progress Saver$03.75% (base 0.01% + bonus)Bonus if $10+ deposited & no withdrawals or fees in a calendar monthNon-Trading FeesFee TypeDetailsDeposit FeeFree (domestic deposits)Withdrawal FeeDomestic: Free at major bank ATMsInternational: $5 (or free at ANZ ATMs overseas)Inactivity FeeNone mentionedTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable for What Kind of TradersANZ Plus App✔iOS, Android (Mobile)Everyday users focused on spending tracking and savings goalsANZ App✔iOS, Android (Mobile)Customers managing traditional ANZ banking and investment accountsMetaTrader (MT4/5)❌Not supportedNot suitable (no MT4/MT5 access)Web/Desktop Terminal❌Not supportedNot applicableDeposit and Withdrawal ANZ does not charge fees for most domestic deposits or withdrawals, and there is no stated minimum deposit requirement. However, certain international transactions may incur fees—such as a $5 international ATM withdrawal fee and up to $15 for inward international money transfers. Processing times are generally instant for digital wallet payments and bank transfers within Australia.MethodMin. AmountFeesProcessing TimeDomestic Bank TransferNo minimumFreeInstant - 1 business dayANZ ATM (Domestic)No minimumFreeInstantInternational ATM WithdrawalNo minimum$5 or Free at ANZ ATMsInstantInward International TransferNo minimumUp to $15Varies by providerDigital Wallets (Apple Pay, Google Pay, etc.)No minimumFreeInstant