Anzo Capital Forex Broker

Anzo Capital Review SummaryFounded2015Registered Country/RegionUnited KingdomRegulationFCA, ASICMarket InstrumentsForex pairs, Commodities and CFDsDemo Account✅(30 days with $100,000 in virtual funds)Leverage1:1000SpreadFloatingTrading PlatformMT4/5Min Deposit$100Customer SupportLive chatRegional RestrictionsUS, Japan Founded in 2015, Anzo Capital is a financial brokerage registered in the United Kingdom. It offers access to a wide range of products, including forex pairs, commodities, and CFDs. The company provides risk-free demo accounts and two types of live accounts with a minimum deposit requirement of $100 and a maximum leverage ratio of 1:1000. Additionally, Anzo Capital holds regulatory licenses from the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).Pros and ConsProsConsRegulated by FCA and ASICSingle payment optionVarious trading choicesUS and Japan clients are not acceptedDemo accountsCommission-free accounts offeredMT4 and MT5 platformsNo fees for deposits and withdrawalsLive chat supportIs Anzo Capital Legit? Yes, Anzo Capital is a legitimate broker holding two regulatory licenses. It possesses a Financial Services license issued by the Financial Conduct Authority (FCA) with the number 739550. Additionally, it holds a Financial Services license issued by the Australian Securities & Investments Commission (ASIC) numbered 362215.Regulated CountryCurrent StatusRegulated AuthorityRegulated EntityLicense TypeLicense NumberRegulatedFinancial Conduct Authority (FCA)ANZOGLOBAL LLPFinancial Service739550Regulated CountryCurrent StatusRegulated AuthorityRegulated EntityLicense TypeLicense NumberRegulatedAustralia Securities & Investment Commission (ASIC)ANZO CAPITAL (AUST) PTY LTDFinancial Service362215What Can I Trade on Anzo Capital? On Anzo Capital, you can access these tradable instruments: Forex pairs (AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, ...), precious metals (gold, silver, ...), Crude Oil CFDs (WTI Crude Oil Spot and Brent Crude Oil Spot), Index CFDs (Australian ASX200 Index, Dow Jones Industrial Average, Euro STOXX 50 Index, FTSE 100 Index, ...), and Stock CFDs (AIA Group Ltd -1299.HK, Alibaba Group Holding Ltd - BABA, Alphabet Inc - GOOGL/GOOG-A).Tradable InstrumentsSupportedForex✔Precious metals❌Crude oil CFDs❌Index CFDs❌Stock CFDs❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type Anzo Capital offers two types of live accounts: ECN and STP. Both accounts have a minimum deposit requirement of $100and a maximum leverage of 1:1000. Additionally, Anzo Capital provides a demo account, which offers a certain amount of virtual funds for free, allowing you to adapt to the investment market and reduce risks when making real investments.How to Open an Account on Anzo Capital? The procedures to open an account on Anzo Capital are not easy. You need to complete the following steps. Step 1: First, you need to enter your personal information, including your name, email, phone number, and set a password. Step 2: Then, you need to provide some additional information and configure your account by selecting your preferred account type, leverage, trading account currency, and trading platform, and setting a transaction password. Step 3: Finally, you need to verify your identity by uploading a copy of your Chinese ID card.Leverage The maximum leverage offered by Anzo Capital is limited to 1:1000 for both account types, which is considered quite high and poses a significant risk. However, when registering your account, you can choose a suitable leverage level, with the minimum being as low as 1:10.Spread and Commission The spreads are influenced by market conditions, so the spreads offered by Anzo Capital are floating for both account types. However, in terms of commissions, the STP account is free, whereas the ECN account charges $4 or an equivalent amount.Account TypeSpreadCommissionSTPFloating❌ECN$4 or equivalentTrading Platform On its website, Anzo Capital primarily displays information related to the MT4 platform, offering it in various versions such as desktop, web, and mobile. However, upon registering an account, we discovered that there is also an option to select MT5 as the trading platform. Therefore, at Anzo Capital, you have the choice to enjoy the benefits of two of the world's leading trading platforms.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Web and MobileBeginnersMT5✔Web and MobileExperienced tradersDeposit and Withdrawal There is only one way to make a deposit and withdrawal on Anzo Capital, which is through bank transfer, and they only accept CNY. The minimum deposit amount is 3,000 CNY, and the minimum withdrawal amount is $150. Fortunately, they do not charge fees for deposits and withdrawals.