Anzo Capital Review 2025

Trust

Anzo Capital Regulations

In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

This is what I discovered about the two entities operating under the Anzo Capital trade name:

• Anzo Capital Limited (SVG) LLC is incorporated in St. Vincent and the Grenadines with registration number 308 LLC 2020. The entity is not regulated.
• Anzo Capital (Aust) Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (ASIC) under license number 362215. We rate ASIC as a Tier-1 regulator. This entity does not accept any clients.

Understanding the Regulatory Protections of Your Account

Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity with which they choose to open an account.

Here is what you need to be looking for in a broker in terms of safety mechanisms:

• Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. Anzo Capital keeps client funds in segregated accounts.
• Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. Anzo Capital does not guarantee negative balance protection.
• Compensation scheme. A compensation scheme protects traders against the broker’s liabilities if the company becomes insolvent. Anzo Capital does not participate in a compensation scheme.
• Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum retail leverage with Anzo Capital is 1:1000.

Stability and Transparency

In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

According to Anzo Capital’s LinkedIn page, the broker has been operating for 5 years and has around 30 employees. Additionally, I found out that Anzo has issued a ‘best execution policy’, which is a legal mandate to provide optimal price quotes under the prevailing market conditions.

I also reviewed the broker’s website and legal documents and assessed that overall everything was in order. My one minor gripe is that Anzo does not display a live spread feed on the main page so that visitors can assess the fairness of its fees.

Is Anzo Capital Safe to Trade With?

I determined that Anzo Capital has a moderate level of safety due to the following factors:

• Keeps client funds in segregated accounts
• Has issued a ‘best execution policy’

Fees

Anzo Capital Trading Fees

Anzo Capital Spreads

I tested Anzo Capital’s spreads on 14 March 2025 during the London and New York opens. The results are shown in the table below:

My research indicates that Anzo Capital charges low share CFD spreads, low-to-average spreads on commodities and indices, and high spreads on currency pairs and cryptocurrencies. Anzo Capital’s 0.02-pip crude oil spread is notably low.

Anzo Capital Swaps

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full base currency contract (100,000 units).

My research indicates that Anzo Capital’s swaps are average compared to the industry benchmark. However, swaps are prone to change over time.

Anzo Capital Non-Trading Fees

Anzo Capital does not impose a handling fee for deposits or withdrawals, though third-party banking fees may apply. However, after 90 calendar days of dormancy, the broker charges the account a $15 inactivity fee.

Are Anzo Capital’s Fees Competitive?

I estimated that Anzo Capital’s fees are mixed. The broker charges favorable spreads on some commodities, share CFDs, and indices, but its forex and crypto spreads were quite elevated during my test. The same discrepancy applies to Anzo’s non-trading fees, as the broker allows cost-free payments but charges an inactivity fee.

Platforms and Tools

Anzo Capital MT5 Desktop

I tested the desktop version of the MetaTrader 5 platform, which offers several essential tools, including one-click trading, an alarm setting option, and a market depth tool. These features enable traders to analyze market developments from multiple perspectives and take advantage of trading opportunities in various ways.

In my opinion, MT5 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.

General Ease of Use

Anzo Capital’s MT5 platform is available on Windows and Mac and supports 52 languages, including English, French, Spanish, German, Arabic, Chinese, and more.

MT5 also features:

• Alerts-Setting Option: Traders can set alerts for when the price of a given instrument falls/rises to a predetermined level, which could potentially signal a viable entry opportunity.
• Watchlist Customization: Traders can populate watchlists with their favorite instruments and track market changes more easily.
• One-click Trading: This feature enables instant market entries at the spot price and is invaluable for high-precision traders, such as scalpers.
• Trading from the Chart: Traders can place conventional trading orders directly from the chart, specifying the entry price, volume level, stop and take-profit levels, and more.

Charts

From my experience of using MetaTrader, its charts can quickly become cluttered, even with just two indicators. This can obscure price action examination and make it harder to perform detailed technical analysis.

I have broken down the available analytical tools and chart configurations below:

• 38 technical indicators: This includes trend-based and volume-based indicators and oscillators to analyze price action and assess market sentiment, helping predict market movements.
• 24 drawing tools: Tools like Fibonacci retracement levels and Elliott waves help identify price patterns, support/resistance levels, and breakout points. However, MT5’s design can make price action harder to interpret.
• 21 timeframes: For multi-timeframe analysis, enabling detailed price action analysis.
• 3 chart types: Price action can be displayed as line, bars, or candlesticks, offering diverse perspectives on trading opportunities.

In my opinion, the chart screen is one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.

Orders

MetaTrader 5 features three types of order execution: market, pending, and one-click trading, which allows for immediate entries at the spot price.

I have broken down the available order types on the MetaTrader 5 platform below:

• Market Orders: Used for immediate entry at the best available price. They guarantee volume filling, though the entry price may differ from the requested price.
• Limit Orders: Guarantee exact price entries but won’t be filled if the price doesn’t reach the trigger level.
• Stop Orders: They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

MT5 Desktop: My Key Takeaways

MetaTrader 5 is a good option for fast and simple order execution, even though its dated and rugged design is inferior to newer and sleeker platforms. Still, MetaTrader remains the most popular and widely used trading platform in the industry.

Anzo Capital MT5 Mobile

The MT5 mobile app is available on iOS and Android, enabling quick and easy access to the market on the go. It is very useful for opening, terminating, and adjusting open positions.

You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

MT5 App: My Key Takeaways

The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action.

Anzo Capital Execution Model

Anzo Capital does not disclose its execution model.

Tradable Instruments

My research indicates that Anzo Capital either falls short or just meets the industry average. It offers a low number of stocks and currency pairs and an average number of commodities and currency pairs. Its index offering is the only one that exceeds the industry average.

What Are CFDs?

Contracts for difference (CFDs) are derivatives that speculate on the underlying asset’s price without physical ownership.

For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars.

One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

What CFDs Can You Trade With Anzo Capital?

Anzo Capital Instruments: My Key Takeaways

Although Anzo Capital’s tradable instruments offering lacks depth and diversity, I appreciated the inclusion of several quite rare assets. For one, the broker offers a dozen share CFDs of Chinese companies. Additionally, it offers a gold contract denominated in grams and traded against the Chinese Yuan.

Customer Support

Customer Support Channels

Customer Support Test

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

I performed my test on 14 March at around 15:55 CET via live chat. Before being connected to an agent, I chose my preferred language and provided my name and email address.

An agent then connected almost instantaneously to the chat. They were generally knowledgeable and quick to respond to my series of questions.

Deposit and Withdrawal

Anzo Capital Deposits

Anzo Capital Withdrawals

Account Types and Terms

Anzo Capital Account Opening Process

To open an account with Anzo Capital, follow these simple steps:

1. Click ‘Sign Up Now’ from the main page of the website.
2. Fill in your name, email address, and phone number.
3. Select your country of residence.
4. Select a client portal password.
5. Provide your DOB and residential address.
6. Choose a trading platform.
7. Select an account type, base currency, and account leverage.
8. Set up a trading password.
9. Upload proof of ID and proof of address to verify your account.

Anzo Capital Account Types

I concluded that the ECN account features generally more favorable conditions due to the combination of raw spreads and a $4 round-turn commission per traded lot (100,000 units). For comparison, the typical ECN commission is $6 per full contract.

I also appreciated the combination of an 80% margin call and a 50% stop-out, which provides some protection against adverse market volatility. However, it should be underlined that Anzo does not guarantee negative balance protection, meaning a client’s losses may still exceed their initial deposit.

Demo Accounts

Anzo Capital offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account.

Islamic Accounts

Anzo Capital does not offer Islamic accounts for swap-free trading at the present moment.

What is CFD Leverage?

Leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

Maximum Leverage By Asset Class

In the table below, I have listed the maximum retail leverage available with Anzo Capital for instruments from different asset classes:

Anzo Capital Restricted Countries

Anzo Capital does not accept as clients residents of Australia, New Zealand, the USA, Japan, or any other jurisdiction where trading may be prohibited by law.

Research

The economic calendar on the main page is the only source of market information that Anzo’s clients can access. It informs traders of upcoming financial and economic releases that could potentially create viable trading opportunities.

Education

Anzo Capital’s educational section includes 7 short lessons, 4 forex guides, and 4 past podcast episodes, which were last updated in 2018. The broker explains broadly essential trading terms and concepts pertaining to technical analysis, fundamental analysis, and risk management.

However, the content does not delve too deep into the subject matter, and beginners must seek external assistance if they wish to gain a comprehensive understanding of the ABCs of trading.

The Bottom Line

Anzo Capital is a rising forex and CFD broker offering 94 tradable instruments across multiple asset classes. It supports both MetaTrader 4 and MetaTrader 5, and provides copy trading solutions.

Spreads on the STP account vary quite a bit, but the ECN account offers more favorable pricing. One standout from my testing was the exceptionally low crude oil spread, which makes it a strong option for commodity traders.

Anzo Capital sets itself apart with some rare instrument offerings, including a unique gold contract and share CFDs from several Chinese companies—assets you don’t often see elsewhere. However, it falls short when it comes to market research and educational content, which are both very limited.

If you’re an experienced commodity trader hunting for fair prices or a casual trader interested in copy trading, Anzo Capital could be a good match.

FAQ