Anzo Capital Review

Is Anzo Capital Scam or Legit Broker?

No, Anzo Capital cannot be considered a reliable broker due to its absence of a top-tier license and rather registration only. Anzo Capital is incorporated in St. Vincent & the Grenadines as an international business company with registration number 308 LLC 2020. Also, Anzo Capital Limited is a firm regulated by the Financial Services Commission of Belize, with registration no: 000005722 and license no: 000331/469.

• However, both St. Vincent & the Grenadines and Belize are classified as offshore jurisdictions, which lack adequate proper protection and rigorous guidelines to ensure a secure trading environment necessary for trading or investing

What is Anzo Capital?

Anzo Capital operates as an offshore broker, providing CFDs on over 100 instruments such as forex, stocks, indices, and metals. The platform supports MetaTrader 4 and MetaTrader 5, offering traders the option of an STP account with spreads beginning at 1.4 pips. Additionally, the broker provides educational materials tailored specifically for beginner traders, aiming to support their learning and development in the trading world.

However, our research into the broker has uncovered significant issues, among which the most notable include:

• Insufficient Regulation: Anzo Capital is registered as an international business company both in St. Vincent & the Grenadines and Belize. It's crucial to emphasize that offshore brokers are frequently subject to less stringent regulations and oversight. Consequently, investing with such brokers can entail considerable risks.
• Market manipulation: The absence of transparency and regulatory oversight within trading environments, particularly with unregulated and offshore brokers, can create conditions conducive to significant concerns about market manipulation. This manipulation can manifest in various ways, including unreliable market data, susceptibility of orders to manipulation, and overall unfavorable trading conditions for traders. Consequently, investors may experience losses in investments and account balances.
• Client Feedback: Many clients have voiced dissatisfaction with their trading experiences with Anzo Capital.  Common complaints from traders revolve around difficulties in withdrawing funds, unfavorable trading conditions, and closing the current account without warning. 
• Withdrawal Issues: When assessing a broker, we place significant emphasis on the withdrawal procedures, which are a crucial aspect of Forex trading. If the withdrawal process is insufficient, traders may encounter difficulties in accessing their investments and profits. Numerous complaints have surfaced regarding the broker's withdrawal system, with traders highlighting the inability to access their investments and profits. Additionally, many traders have reported that shortly after attempting to withdraw their funds, the broker closes their accounts abruptly, without providing any prior notice.
   

Overall Anzo Capital Ranking

Following our comprehensive research, we have identified substantial concerns regarding Anzo Capital's reliability and adherence to regulatory standards. Consequently, we are unable to issue a positive rating for Anzo Capital.

• Anzo Capital Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers. See Our Ranking below compared to other popular and industry-leading Brokers.

Anzo Capital Alternative Brokers

Given the uncertainties surrounding the reliability and security of Anzo Capital, we strongly advise traders to explore alternative options that offer stronger regulatory oversight and more favorable trading conditions. Below, we have compiled a list of reputable brokers that provide dependable choices and guarantee a secure trading environment for your consideration:

• eToro – Good for CopyTrading and Cryptocurrency Trading
• Dukascopy – Excellent for Shares, Futures Trading
• BlackBull Markets – Good for High Leverage Trading

Deposits and Withdrawals

Anzo Capital offers a variety of payment options to fund trading accounts, such as Wire transfers, Credit/Debit cards, and Digital Wallets like Skrill, Neteller, and Sticpay. The minimum deposit is $100. 

• Any deposits or withdrawals after non-working hours will be processed on the next working day.
• Credit/Debit Card payment method is unavailable for residents of several countries, such as Australia, Brazil, Iran, Mexico, New Zealand, the United Kingdom, the United States, etc. 
• Traders must exercise extreme caution when considering entrusting their funds to the broker. It is not uncommon for traders in the Forex market to experience significant losses due to their association with unregulated brokers.

Account Types

Clients of Anzo Capital have the option to open either STP or ECN accounts. The conditions for each account type are different and traders should choose one according to their trading expectations.

• For STP accounts, the minimum deposit required is $100, whereas for ECN accounts, the initial deposit starts from $500.
• The leverage varies between account types: for STP accounts, the maximum leverage offered is 1:500, whereas, for ECN accounts, it can go as high as 1:1000. Additionally, spreads for both account options are floating.
• In STP accounts, there are no commission fees, while ECN accounts involve certain commissions, which are $4/lot RT or €4/lot RT.

Anzo Capital Review Conclusion

Based on the data we've gathered about Anzo Capital, there are significant reservations regarding the broker's credibility. Additionally, Anzo Capital's lack of robust registration, coupled with negative feedback from clients regarding the broker's withdrawal process and doubtful practice of closing traders' accounts raises concerns about its reliability.

Hence, it is highly recommended to prioritize tightly regulated brokers with a strong reputation in the market and transparent trading conditions. Opting for a reliable broker with licenses from reputable authorities such as FCA, ASIC, or CySEC is always advisable. Many regulated brokers are both reliable and have favorable offerings, such as IC Markets, Go Markets, and HFM so it is better to choose among them rather than signing yourself for a highest risk. 

• Overall ranking and experience for Anzo Capital is Negative