Anzo Capital 2025 Review: Everything You Need to Know
Anzo Capital has garnered mixed reviews from traders and analysts alike, with a general consensus indicating significant concerns regarding its regulatory status and user experience. While the broker offers competitive trading conditions, including high leverage and a low minimum deposit, issues related to withdrawal difficulties and user dissatisfaction are prominent.
Note: It is crucial to recognize that Anzo Capital operates through different entities across various jurisdictions, which may affect the regulatory protections available to traders. This review aims to provide a fair and accurate assessment based on comprehensive research and user feedback.
Ratings Overview
We assess brokers based on a variety of factors, including user feedback, regulatory status, and overall trading conditions.
Broker Overview
Founded in 2015, Anzo Capital is a forex and CFD broker based in Belize, with additional offices in Australia. The broker primarily serves clients in Asia and offers access to the popular MetaTrader 4 and MetaTrader 5 platforms. Anzo Capital provides a diverse range of trading instruments, including forex, commodities, and indices, while claiming to hold client funds in segregated accounts for added security. However, the broker is primarily regulated by the International Financial Services Commission (IFSC) of Belize, which is often viewed as a tier-3 regulatory authority, raising concerns about the level of investor protection.
Detailed Breakdown
Regulatory Geography
Anzo Capital is regulated in Belize by the IFSC and also claims to operate under the Financial Services Authority (FSA) of St. Vincent and the Grenadines. However, the lack of a tier-1 regulatory license has led to skepticism among traders regarding the broker's reliability and transparency.
Deposit/Withdrawal Currencies
The broker accepts deposits and withdrawals in multiple currencies, including USD and EUR, and supports various payment methods such as wire transfers, credit/debit cards, and e-wallets like Skrill and Neteller. However, there are reports of delays in the withdrawal process, which has led to customer frustration.
Minimum Deposit
The minimum deposit required to open an account with Anzo Capital is $100 for STP accounts and $500 for ECN accounts, which is competitive compared to many brokers in the industry.
Anzo Capital offers various promotional bonuses, including a welcome bonus for new clients and periodic deposit bonuses. However, the specifics of these promotions often require traders to meet specific trading conditions before they can be withdrawn.
Tradable Asset Classes
Traders at Anzo Capital can access a range of financial instruments, including over 45 currency pairs, commodities like gold and silver, and various indices. While the asset selection is decent, it may not be as extensive as that of larger, more established brokers.
Costs (Spreads, Fees, Commissions)
Anzo Capital's spreads vary depending on the account type. For STP accounts, spreads start from around 1.4 pips, while ECN accounts can enjoy spreads as low as 0.1 pips, albeit with a commission of $4 per lot. However, some users have reported actual spreads being higher than advertised, particularly during volatile market conditions.
Leverage
The broker offers high leverage options, up to 1:1000 for STP accounts and 1:500 for ECN accounts. While high leverage can amplify profits, it also significantly increases the risk of losses.
Anzo Capital supports both the MetaTrader 4 and MetaTrader 5 platforms, providing traders with a robust trading environment. These platforms are known for their user-friendly interface and extensive analytical tools.
Restricted Regions
Anzo Capital does not accept clients from the United States, which is a common restriction among many offshore brokers. This limitation may affect potential traders looking to engage with the broker.
Available Customer Support Languages
The broker offers customer support in multiple languages, including English, Chinese, Thai, Japanese, and Korean. However, user reviews indicate that response times can be slow, particularly during peak trading hours.
Repeated Ratings Overview
Detailed Explanation of Ratings
Account Conditions (4.0)
Anzo Capital offers a competitive minimum deposit and a variety of account types. However, the higher minimum deposit for ECN accounts and the lack of transparency in spreads have lowered this rating.
The broker provides access to popular trading platforms and some educational resources, but the overall offering is not as comprehensive as that of larger competitors.
Customer Service and Support (4.5)
While Anzo Capital provides multilingual support, user reviews indicate that response times can be slow, particularly for withdrawal-related queries.
Trading Setup (Experience) (4.0)
Traders report mixed experiences, with some praising the execution speed while others cite issues with slippage and spread widening.
Trustworthiness (3.0)
The lack of robust regulation and negative user feedback regarding withdrawals and account management practices significantly impacts this rating.
User Experience (3.5)
Overall user experience is marred by reports of withdrawal issues and customer service delays, leading to a general sense of dissatisfaction among clients.
In conclusion, while Anzo Capital offers some attractive trading conditions, potential clients should carefully consider the regulatory environment and user feedback before opening an account. The broker may be suitable for those comfortable with its tier-3 regulatory status and looking for high leverage options, but caution is advised due to reported withdrawal issues and mixed user experiences.
