Anzo Capital Review 2024: Comprehensive Analysis of the Forex and CFD Broker

Anzo Capital is an online forex and CFD broker founded in 2015 that offers trading in over 100 financial instruments. This review will examine Anzo Capital's key features, pros and cons, regulatory status, trading conditions, and overall reputation to help traders determine if it's a suitable broker for their needs.

Company Overview

Anzo Capital Limited is registered in Belize with its headquarters in Belize City. The company also maintains an office in Melbourne, Australia. While it accepts traders globally, Anzo Capital's client base is primarily concentrated in Asian countries like Thailand and the Philippines. Notably, the broker does not accept clients from the United States.

Regulation and Security

Anzo Capital is regulated by the Financial Services Commission (FSC) of Belize under registration number 000331/281. The broker is also authorized by the Financial Conduct Authority (FCA) in the UK and the Financial Services Agency in St. Vincent and the Grenadines. Client funds are held in segregated accounts for added security.

Trading Platforms and Instruments

The broker provides access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Traders can choose from over 100 trading instruments across several asset classes:

Forex

CFDs

Commodities

Precious metals

Stocks

Account Types

Anzo Capital offers both STP (Straight Through Processing) and ECN (Electronic Communication Network) account models to cater to different trading styles and experience levels.

Trading Conditions:

Some key trading conditions offered by Anzo Capital include:

Spreads as low as 0.0 pips on forex, oil, and silver

$2 commission per side

High leverage up to 1:1000

Minimum deposit of $100

Minimum trade size of 0.01 lots

Deposits and Withdrawals

The broker supports a good range of payment methods, including:

Bank wire transfer

Credit/debit cards

E-wallets

Cryptocurrencies

This variety of options provides flexibility for traders to fund and withdraw from their accounts.

Additional Features

Copy Trading: Anzo Capital offers copy trading functionality through Myfxbook Autotrade, allowing users to replicate the trades of successful traders directly through the MT4 platform.

VPS Service: A Virtual Private Server (VPS) service is available for traders who want to ensure uninterrupted trading and run automated strategies.

MAM Account: The broker provides a Multi-Account Manager (MAM) solution for professional money managers.

Trading Signals: Anzo Capital offers trading signals to assist traders in identifying potential trading opportunities.

Educational Resources: While not extensive, the broker does provide some educational materials and market analysis to support traders' development.

Pros

Competitive trading conditions with spreads as low as zero pips on some instruments

High leverage options up to 1:1000

Low minimum deposit requirement of $100

Good range of payment methods including cryptocurrencies

Access to tier 1 liquidity providers like Goldman Sachs and HSBC

Copy trading functionality through Myfxbook Autotrade

Multilingual customer support

Cons

Limited asset range compared to some larger brokers

Inactivity fees may apply to dormant accounts

Not available to traders in the United States

Educational resources are somewhat limited

Single primary regulator (FSC Belize) may be concerning for some traders

User Reviews and Reputation

User reviews of Anzo Capital are mixed. While some traders praise the broker's trading conditions and customer support, others have reported issues with slippage, especially when trading during major news events. On Trustpilot, the broker has received both positive and negative feedback, with an overall rating that suggests room for improvement.

One recurring complaint involves significant slippage during fundamental news trading, leading to unexpected losses even when the market moves in the trader's predicted direction. This highlights the importance of being cautious when trading during volatile market conditions.

Awards:

Anzo Capital has received some industry recognition, including:

• Best Broker of the Year 2023 - Mindanao Traders Expo

Conclusion

Anzo Capital offers a mix of attractive features for forex and CFD traders, including competitive spreads, high leverage, and a low minimum deposit requirement. The broker's support for multiple account types and trading platforms, along with additional features like copy trading and VPS services, may appeal to both novice and experienced traders.However, potential clients should carefully consider the broker's regulatory status, with its primary regulation coming from Belize. While Anzo Capital claims authorization from the UK FCA, traders should verify the extent of this authorization and the protections it offers.

The reported issues with slippage during news events are concerning and suggest that traders should exercise caution, particularly when trading around major economic announcements. Additionally, the limited asset range may not suit traders looking for a wide variety of instruments beyond forex and CFDs.

Overall, Anzo Capital may be worth considering for traders comfortable with its regulatory framework and focused primarily on forex and CFD trading. However, as with any broker, it's crucial to thoroughly research, start with a demo account, and carefully manage risk when trading real funds. Traders should also be aware of potential inactivity fees and ensure they understand all costs associated with maintaining an account.