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Anzo Capital Review

Anzo Capital Review 

 

 

Overall Rating

4.7/5

Rated #335 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC 

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

45

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Anzo Capital is a forex broker company in Belize. In regards to what exactly is a Forex broker, it is a firm that gives traders admittance to platforms that let them buy and sell foreign currencies.

Finding a reputable Anzo Capital review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review of Anzo Capital to help you make an informed decision before opening your account or trading on their platform.

The different names for Forex brokers are retail forex brokers or currency trading brokers. There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theory purposes.

Forex brokers can also provide services to not just individual traders, but also provide for institutional clients and large businesses, for example, investment banks.

Anzo Capital is a Belizean forex broker company that is based in Belize City.

Anzo Capital is an online Forex and CFD broker that has limited trading instruments and offshore regulation that is less than ideal. The company was founded back in 2015 by a group of professionals who had a single goal in common, to simply mitigate client risks. The company is firmly established with offices all around the world and claim to provide a superior trading environment through its international network of expertise.

 

Awards and Recognition

When it comes to deciding what broker to choose, a trader has to look at the broker’s stability and reputation over the years.  Awards gained by a brokerage by esteemed organizations do provide much more confidence in the world of forex.

Although Anzo Capital is rated highly by many happy customers in personal reviews, there is no information available on the Anzo Capital homepage about any official awards received.

 

Anzo Capital Accounts

A forex account that is held by the trader is normally given by the broker with the sole purpose of trading different currencies and market instruments. Usually, the number and type of accounts that a trader can open with a broker company differ according to the broker or country in which they operate.

Normally the country of residence of the broker would provide the regulatory authorities under which they would fall.

 

 

Types of Accounts and their Features

Anzo Capital offers its clients two different account types:

  • The STP Account – This is a commission-free account with floating spreads that begin at 2.2pips on majors, the maximum leverage offered with this account is 1:1000 and the minimum deposit requirement is 100 USD.
  • The ECN Account – This account comes with a 24/5 dedicated account manager and has a commission fee of 7 USD/lot RT. This account offers maximum leverage of up to 1:500, floating spreads from 0.1pip, and a minimum deposit requirement of 500 USD.

 

Both of the above accounts come standard with a micro-lot size of 0.1, a maximum trade size of 50, and a margin call of 80%. Both are available as individual or joint accounts, however, only the ECN account is available as a corporate account.

 

Overall Rating

4.7/5

Rated #335 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC 

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

45

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Deposits and Withdrawals

When you have an account with a Forex broker, you will find that each company offers different ways to make deposits and withdrawals, Anzo Capital offers the following methods for both deposit and withdrawal; Wire transfer, MasterCard, Visa, JCB, Neteller, Skrill, and WebMoney

 

Cost and Fees, Commissions and Spreads

Each broker charges its own costs which entail commissions, spreads, and margins. Traders should be aware of exactly what their broker’s fees will involve before making the decision to trade with them.

The following describes what exactly a spread, margin, and commissions are:  The spread of a currency pair is the variance between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

A margin means that it is the amount of money essential in your account in order to open a place. Margin is planned based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

The commissions are the costs levied by the broker on a client for making trades on the client’s behalf. The level of commissions will differ between various brokers and it will also depend on the different kinds of services, accounts, and trades done by the brokers.

There are, however, execution-only brokers, they do not get involved with any direct personal investment guidance. These brokers charge much fewer commissions but the traders have to take complete control over how they trade the markets.

Although the contract for differences (CFDs) trading is a method of offshoot trading that allows traders to gamble on the rising or falling prices of fast-moving global financial markets. This type of trading of shares does incur commission. CFD trades on different markets have no commission but do wrap a spread around the market price of a certain instrument.

Anzo Capital charges a commission fee of 7 USD/lot RT on the ECN account with a floating spread from 0.1pips. The STP account has a floating spread from 2.2pips on all majors.

As broker fees tend to vary and change quite often, there may be additional fees that have not been listed here. It is important that you check and understand all of the latest information from Anzo Capital before opening your live trading account.

 

Leverage

Leverage is the ability that will enable a trader to gain greater exposure to the market than the sum a trader deposited to begin a trade. Leveraged products increase a trader’s prospective revenue – yet also create a risk for loss.

The sum of leverage is conveyed as a ratio, for instance, 50:1, 100:1, or 500:1.

For example, if a trader has $1,000 in his trading account and is trading ticket sizes of 500,000 USD/JPY, that leverage will compare to 500:1.

Anzo Capital offers its clients a maximum leverage ratio of 1:1000

 

Bonuses

To attract new business from traders, Forex brokers normally lure them with eye-catching deposit bonuses.  For new investors, this can be very handy, but one has to know what to determine is a decent bonus.

A bonus is a way to reward traders for deciding to choose a certain broker since once the account is opened, the trader will have the same expenses as any other. The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader.

Furthermore, since 1 August 2018 The European Securities and Markets Authority (ESMA) has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients, which stop brokers from directly or indirectly provide the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution or sale of a CFD, other than the realized profits on any CFD provided.

Anzo Capital is currently running the following promotions:

  • 10% Deposit Bonus- this promotion applies to both new and existing clients, all you have to do is make a one-time deposit of over 500 USD into your live trading account and you will receive 10% of that deposit as a bonus. You do have to send an email to customer support in order to claim your bonus.
  • Win 2000 USD cash price and get listed on Tradesocio – this promotion applies to both new and existing clients provided they meet the qualifying requirements; each trading account must place at least 20 tickets including both opened and closed tickets, your equity should be 500 USD or above and your leverage must be fixed at 1:300.
  • Refer a Friend promotion – If you get a friend to sign up and open a live trading account, upon their initial deposit that must be 500 USD or more and once they have completed at least 5 trades or more you will then receive a 50 USD bonus.

 

Trading Platforms, Software, and its Features

Brokers provide different trading software for their clients. This is normally called a trading platform and it is used for making trades.

A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

The choice about which platform to choose mostly depends on what a client would like to trade, therefore it will be one of the standards when choosing a broker too.

Anzo Capital offers its clients the choice between the following different platforms:

MetaTrader4 download, web, and mobile – This is one of the most popular and widely used platforms in the trading industry, MetaTrader4 is known for having a user-friendly interface, excellent educational material, and intuitive research tools that appeal to both beginners and advanced traders. MetaTrader4 is compatible with several operating systems such as Linux, Mac, Windows, IOS, and Android.

The platform does not overload your computer, is available in over 30 different languages, and offers the following execution modes:

  • Instant execution
  • Execution on request
  • Execution by market

 

The platform also offers automated trading by programming with MetaQuote’s proprietary MQL4 language and constructing custom indicators

MetaTrader4 Multiterminal – This platform is a new component of MetaTrader4, it is intended for simultaneous management of multiple accounts which is helpful to those who manage investors’ accounts and for traders who work with many accounts simultaneously. The program interface is similar to that of the MetaTrader4 Client Terminal, it is really easy to use and if you have ever used the MetaTrader4 platform in the past you should be able to use this new program within a few minutes.

Multi-Account Manager (MAM) – This platform allows you to control an unlimited number of managed accounts under one single master account. If you are a money manager then you will find this platform to be extremely useful as it allows you to manage all of your client’s accounts from a single interface.

 

Markets, Products, and Instruments

The majority of brokers will provide various kinds of market instruments for trading. A new trend that is picking up momentum is trading in cryptocurrencies.

The following are various types of cryptocurrencies: The most well-known of these is Bitcoin (BTC) which is the digital currency with the major market capitalization and price levels since it began in 2008. It controls 50 percent of the total crypto market cap.

Ethereum (ETH) is the second major cryptocurrency after Bitcoin and provides developers to create smart contracts on a platform.

Another cryptocurrency is Litecoin (LTC) which is similar to Bitcoin but varies in terms of scalability.  Litecoin is also a very popular altcoin and LTCUSD is a fork of Bitcoin (BTCUSD), copied from Bitcoin’s code and with some changes and launched a new project.

Ripple (RPL) is also popular amongst large banks with the Ripple network a next group real-time gross settlement system. It gives a trader instant cross-border fund transactions at very low costs.

Lastly, Bitcoin Cash (BCH) was produced by the Bitcoin hard fork in 2017 as a new form of the blockchain with altered rules.

Your other market instruments consist of Commodity markets which offer different asset opportunities for traders. Investing in contract-based tradable goods is a dependable way to alleviate risk during times of inflation or economic uncertainty.

Precious metals are another dependable investment for traders. This consists of the trading in gold and other precious metals which are hard commodities.

A lot riskier is your energy products because this is affected by political and environmental situations. The great supply and demand however this make it a popular trading choice.

Your normal currency trading known as Forex trading, also named currency or FX trading, involves the monetary exchange market where individuals, companies, and financial institutions exchange currencies for one another at fluctuating rates.

Lastly, you get your Equity or stock indices which are actual stock market indexes. They measure the value of a specific unit of a stock market. They can signify a specific set of the largest companies of a nation or they can represent a specific stock market.

With Anzo Capital, you are able to trade in over 80 currency pairs, gold, silver, energies, and equity indices.

 

 

Safety and Regulation

When a broker is regulated by a governing regulatory organization, the risk is lowered for traders.  This will determine if Anzo Capital is safe to trade with.

Anzo Capital is regulated by a 3rd tier regulator, the IFSC (International Financial Services Commission)

 

Customer Support

Prospective traders have to be assured that whoever they choose to invest with will give them the required support and assistance whenever and wherever they might need it.

The Anzo Capital support team can be reached via email or the live chat option on their website, the consultants are available 24 hours a day, five days per week.

 

Research

Would-be traders must do what is possible into the inquiry around theoretical trading before beginning to do it. Trading with confidence and success counts heavily on knowledge and understanding of the markets, consequently research options accessible by brokers form an essential part of its features when choosing the right company to trade with.

Anzo Capital gives their clients access to a variety of trading tools such as:

  • Global Trade Centre
  • Daily Insights
  • Economic Calendar
  • Forex Calculators
  • MQL5 Signals
  • VPS

 

Education and Training

New clients of Anzo Capital should try and gain as much information as possible about what type of trading expertise will be needed to be effective in the world of forex and commodity trading.

Anzo Capitals’ website should provide all the information one needs to gain skills and knowledge to be able to trade successfully with them.

With Anzo Capital, clients have access to a number of educational materials like a forex guide that helps new traders understand how trading works and the basic terminology of the Forex market, tutorials, both articles and videos, and a huge compilation of podcasts.

 

Conclusion

Anzo Capital provides its clients with a full spectrum of MetaTrader4 applications along with a good variety of educational material and an impressive selection of bespoke research tools. Anzo Capital, however, is not insured by a third-party organization.

 

Disclaimer

Anzo Capital cautions possible traders that Forex and CFDs trading constantly carries a high level of risk, thus may not be appropriate for all investors.

Before customers decide to trade the products offered by Anzo Capital, they are recommended to anticipate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.

Especially when traders use Anzo Capital’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader. It is always possible to sustain a loss of some or all of an initial investment.

While Anzo Capital assures traders to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.

 

Anzo Capital at a Glance

Broker’s Name Anzo Capital
Headquartered Belize, Belize City
Year Founded 2015
Regulating Authorities The IFSC (International Financial Services Commission)
Countries not accepted for trade The United States
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts Yes
Managed Accounts Yes
Maximum Leverage 1000:1
Minimum Deposit 100 USD
Deposit Options Wire transfer, MasterCard, Visa, JCB, Neteller, Skrill, and WebMoney
Withdrawal Options Wire transfer, MasterCard, Visa, JCB, Neteller, Skrill, and WebMoney
Platform Types MetaTrader4, MetaTrader4 Multiterminal and Multi Account Manager.
OS Compatibility Yes, PC and Mobile
Tradable Assets Over 80 currency pairs, gold, silver, energies, and equity indices
Customer Support Languages English and Chinese
Customer Service Hours Twenty-four hours a day, Monday to Friday.

 

Overall Rating

4.7/5

Rated #335 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC 

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

45

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Anzo Capital?

You can trade several different instruments with Anzo Capital, which include the following:

  • Over 80 currency pairs
  • Gold
  • Silver
  • Energies
  • Equity Indices

 

Which platforms are supported by Anzo Capital?

Anzo Capital provides the following popular trading platforms:

  • MetaTrader4, download, web, and mobile
  • MetaTrader4 multi-terminal
  • Multi-Account Manager (MAM)

 

Does Anzo Capital offer leverage?

Yes, Anzo Capital offers maximum leverage of 1:1000

 

What spreads can I expect with Anzo Capital?

Anzo Capital offers floating spreads, from 2.2pips for their STP account and from 0.1pip for their ECN account

 

Does Anzo Capital charge commission?

Yes

 

Is Anzo Capital regulated?

Yes, Anzo Capital is regulated by the IFSC (International Financial Services Commission)

 

Is Anzo Capital a recommended forex trading broker for experts and beginners?

Yes

 

What is the overall rating out of 10 for Anzo Capital?

7.8/10

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual money.

 

Does Anzo Capital offer a demo account?

Yes

 

Can I convert my demo account to a live trading account with Anzo Capital?

The demo account can be used at real-time prices and trading conditions for a period of 30 days

 

Which live trading accounts does Anzo Capital offer?

  • STP Account
  • ECN Account

 

What are the available deposit currencies for a live trading account?

USD, EUR, GBP, IDR, MYR, THB, NGN, PLN, and PHP

 

Deposits and Withdrawals

 

What is the minimum deposit for Anzo Capital?

100 USD

 

How do you make a deposit and withdrawal with Anzo Capital?

Anzo Capital offers the following deposit and withdrawal methods:

  • Wire transfer
  • MasterCard
  • Visa
  • JCB
  • Neteller
  • Skrill
  • WebMoney

 

The same method that was used to fund an account must usually be used to withdraw money again and monies will only be refunded to accounts that carry the same name as the trading account with Anzo Capital.

 

Does Anzo Capital charge withdrawal fees?

No, but fees from a financial institution may apply

 

How long does it take to make a withdrawal?

Anzo Capital claims that withdrawals usually take only a few days. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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