Anzo Capital Review 2026

Trust

Is Anzo Capital Regulated?

When reviewing a broker, we examine how each of its entities is regulated and assess how effectively they protect clients. We use a three-tier system to rank regulatory bodies, with Tier-1 being the most trusted and offering the highest level of protection.

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

• Anzo Capital (SVG) LLC is incorporated in St. Vincent and the Grenadines with registration number 308 LLC 2020. The entity is not regulated.
• Anzo Capital Limited is licensed and regulated by the Capital Markets Authority (CMA) of Kenya under license number 219. We rate the CMA as a Tier-2 regulator.

How Does Anzo Capital Protect You?

I reviewed the broker’s client agreement and risk disclosure to examine how Anzo Capital protects its clients. These documents can be accessed from the ‘Legal Documents’ section of the ‘About’ portion of the website.

Here is what I found out about Anzo Capital (SVG) LLC:

✅ Segregated Accounts – The broker claims that client funds are kept separate from the company’s own capital.

❌ Negative Balance Protection – Your losses may exceed your invested capital.

❌ Compensation Scheme – In the event of insolvency, you may not be entitled to compensation.

Note that the protections you might be entitled to depend on the entity you choose to open an account with.

To learn more about the most important safety mechanisms and how they apply to you, check our dedicated guide on client protections.

Stability and Transparency

We also assess a broker’s stability and transparency. This includes how long the company has been in business, its size, and how openly it shares information about its business and services.

Anzo Capital’s LinkedIn page suggests that the company was established in 2015 and employs 32 professionals worldwide. The company size is normal for an offshore broker.

The biggest transparency issue I ran across was related to negative balance protection. Anzo Capital’s website strongly suggests that this safety policy is in effect, but I reviewed its client agreement and found otherwise. Point 19.5 reads that “If a negative balance rises on the Trading Account, …the debt must be liquidated by the Trading Client within 10 days…”.

Is Anzo Capital Safe?

I do not consider Anzo Capital sufficiently safe to trade with due to the following factors:

• Its main entity is not regulated
• Negative balance protection is not guaranteed
• The SVG entity does not participate in a compensation scheme
• The broker does not disclose the percentage of traders who end up losing money with it

Fees

Anzo Capital Trading Fees

Anzo Capital Spreads

I tested Anzo Capital’s spreads on STP and ECN accounts on 23 March 2026 during the London and New York market openings. I used live accounts on the MetaTrader 5 platform. Here are my results:

STP Account: Anzo Capital’s EURUSD spread fluctuated in the 1.5/1.6-pip range, slightly exceeding the industry average of 1.15 pips. This 0.4-pip gap corresponds to a $4 premium for opening a full-sized trade.

GBPJPY and crude oil spreads were also elevated, though the high oil price may also be the result of the energy market crisis that occurred around the time I was collecting my data.

On the plus side, gold, index, and crypto spreads were kept tight, especially during the New York market opening.

ECN account: FX majors and gold spreads were kept tight, while FX Cross and energy spreads were at the upper end. Stock spreads were also higher compared to the STP account, which is uncommon for a raw-spread account. In most cases, brokers charge tighter spreads on their Raw-spread accounts than on their Standard accounts.

Index spreads on the ECN account were better than with the STP account, but less favorable than the industry average for raw-spread accounts. Finally, the biggest improvement was recorded in BTCUSD, with a $15 spread that remained low throughout the day.

The spreads I recorded with an ECN account on 23 March during the London market open, using Anzo Capital’s MetaTrader 5 (desktop) platform.

Anzo Capital Commissions (ECN Account Only)

In addition to spreads and swaps, Anzo Capital charges commissions on its ECN account. Here is a breakdown of the applicable commission rates for instruments from different asset classes:

Anzo Capital’s commissions for FX and metals trading, at $4 round-trip (paid for opening and later closing a position), beat the industry average of $6. However, its energy and crypto commissions were higher than the benchmark.

I converted the 0.016% stock commission into a dollar amount and determined it would cost you $1.6 to trade 1 full contract (100 shares). This commission rate is marginally better than the industry average for stock trading.

Anzo Capital Swaps

A swap fee is the cost of keeping a trade open overnight, and it’s tied to the difference in interest rates between the two currencies in a pair. If you’re holding a buy (long) position, you may either pay or earn interest depending on the rates—this is called a swap long. The same applies to a sell (short) position, where the overnight charge or credit is called a swap short.

I tested Anzo Capital’s swaps on STP and ECN accounts on 23 March 2026. I used live accounts with the MetaTrader 5 platform.

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

Anzo Capital’s FX Crosses (GBPJPY) and energies (crude oil) swaps were kept tight, while its FX Majors (EURUSD) and metals (gold) swaps exceeded the industry benchmark.

I also discovered that Anzo Capital’s overnight stock and crypto costs sat in the lower range, while its Dow Jones 30 swap of $789 rose several times the industry average of $86.

Please note that swaps fluctuate over time, subject to changing interest rates.

Are Anzo Capital’s Fees Competitive?

To help you understand how much you’ll pay to trade each instrument, I calculated the cost of trade using the formula: spread rate x pip value + commission rate (swaps are not included).

Casual traders using Anzo Capital’s STP account may benefit from its competitive pricing for metals, stocks, indices, and crypto. However, the broker’s FX and energy costs exceeded the industry benchmark. Notably, Anzo Capital offers more competitive stock trading conditions on its STP account than on its ECN account.

Except for stocks, Anzo Capital’s ECN account offers generally lower costs than its STP account – from the $4.5 EURUSD cost of trade, which also beats the industry average, to the $15 BTCUSD cost of trade.

Anzo Capital Non-Trading Fees

Inactivity Fee: $15 after 90 calendar days of dormancy. The fee is applied monthly until activity resumes or the account balance drops to zero.

Deposit and Withdrawal Fees: No internal fees, but third-party processing fees may apply.

Platforms and tools

MetaTrader 5 Desktop

A classic outlook. MetaTrader should be given credit for popularizing a design that is replicated by many other trading platforms. It features a broad charting area occupying the middle section of the screen, a comprehensive tools panel at the top, and watchlists and navigator screens on the left-hand side.

Multiple functionalities. My favorite aspect of MetaTrader is its extensive functionality, which accommodates different trading styles. Beyond day and swing trading, the platform also supports automated trading via Expert Advisors (EAs), scalping via the one-click trading and depth-of-market (DoM) tools, copy trading, and more. You can even use the built-in strategy tester to assess your strategies’ performance and tweak their parameters.

However, the 126 milliseconds order execution speed I recorded with Anzo (compared to the industry average of 60 milliseconds) makes the broker less suitable for those types of traders.

Practical insights. I also appreciate MetaTrader for its vast library of practical guides, educational articles, and platform tutorials. You can access dozens of video guides and MQL5 articles (on how to use various technical indicators, drawing tools, Expert Advisors, etc) from the ‘Help’ tab.

Speed tracking. MetaTrader also allows you to easily track your ping across different servers. You can check a broker’s available servers by clicking the traffic indicator at the bottom-right corner of the platform.

I learned that Anzo Capital offers 10 servers across multiple locations worldwide, more than most other brokers (usually 2-3). However, none of those were close to me (in Europe), which could explain the huge 126-millisecond delay I experienced vs the typical 60 milliseconds. On the other hand, the broker provides several servers located in Hong Kong and Beijing, which is beneficial for traders in the region.

From my hands-on testing, I concluded that Anzo Capital may not be the optimal choice for high-volume traders in Europe, but it is more than capable of meeting the needs of traders in Southeast Asia.

Outdated charting capabilities. The biggest drawback of MetaTrader is its outdated charting capabilities, which are outmatched by more modern trading platforms, such as cTrader and TradingView. In my opinion, MetaTrader’s chart visuals are too rugged and unsuited for scalping price action up and down.

Availability & Features

The MT5 platform by Anzo Capital is available for Windows and Mac users and supports 39 languages, including English, Spanish, German, Arabic, and Chinese.

MT5 features include:

• Price Alerts: Set alerts when an instrument hits a specific price — ideal for spotting trade entry opportunities.
• Customizable Watchlists: Monitor your favorite trading instruments from your custom-built watchlists.
• One-Click Trading: Enter trades instantly at market price — perfect for scalpers or fast-paced traders.
• Chart Trading: Place and manage orders directly from the chart, including entry points, volume, stop-loss, and take-profit levels.

Charting & Analysis Tools

MT5 is loaded with analytical tools, including:

• 38 built-in technical indicators: From trend-following to oscillators and volume-based tools. You can use these to spot price trends and ranges and to assess their strength. In the chart above, I applied the Bollinger Bands (a volatility gauge) and MACD (momentum indicator) to assess volatility on the 4H EURUSD chart. I had to remove the grid system to see the individual lines, but even then, it was difficult to distinguish the price action from the Bollinger Bands. For comparison, charting on advanced platforms like TradingView is a lot easier and more detailed.
• 24 drawing tools: Including Fibonacci retracements, Elliott Waves, and more for technical pattern spotting. I use tools like the Fibonacci retracement levels to map out major support and resistance levels within a price trend. I then use these as reference points for possible rebounds/reversals or breakouts/breakdowns, depending on the underlying trend.
• 21 timeframes: Great for multi-timeframe analysis. MT5 offers one of the largest time-frame selections of any platform. Typically, I use higher timeframes (above 4H) to determine the market’s general direction and smaller timeframes (below 1H) to spot viable entries within the broader trend.
• 3 chart types: Line, bar, and candlestick options let traders view price action in their preferred format. Personally, I prefer candlesticks because they provide a more comprehensive picture and can help identify potential trend reversals. For example, when found at the top of a bullish trend, a Hammer candle could indicate a bearish reversal. Alternatively, an Inverted Hammer at the bottom of a downtrend may signal a possible bullish reversal.

Order Types

MT5 offers three execution modes and covers all the core order types needed by most traders:

• Market Orders: Instant execution at the best available price — ideal for quick entries.
• Limit Orders: Target a specific price level for entry, though execution isn’t guaranteed.
• Stop Orders: Protect open positions with predefined risk levels. Stop-loss orders automatically convert into market orders once triggered.

MT5 App

I tested the Anzo Capital MT5 app on my personal Google Pixel phone running Android.

The app supports most of the platform’s functionalities across the desktop and web versions, such as watchlist customization, setting price alerts, placing market, limit, and stop orders, and more. This makes the MT5 app a convenient tool for staying connected to the market and adjusting your positions on the go.

You can place market, limit, and stop orders, as well as manage position size and risk directly from the app. That said, the charting experience still feels a bit cramped, and price action can be hard to scale and analyze comfortably on a small screen.

I used the Anzo Capital MT5 app to place a market order on the BTCUSD on my demo account. I entered my preferred volume, set my take profit and stop-loss levels, and then placed a long (buy) order. The process was fairly straightforward, and I did not experience any lag. Still, I prefer the desktop version of the platform for market analysis and trade execution because of its wider, more detailed charts.

Anzo Capital Execution Model

Anzo Capital operates on a hybrid STP/ECN model, in which trading orders are either routed to the broker’s pool of liquidity providers, where they are filled at the best available price, or matched electronically via communication networks (ECNs).

This model works best for casual traders, whereas market maker (principal) brokers may be a better fit for high-volume traders.

Tradable instruments

What CFDs Can You Trade With Anzo Capital?

Customer support

Customer Support Channels

Customer Support Test

When I test a broker’s customer support, I evaluate the agent’s knowledge of their own website, the time it takes them to respond to questions, and the level of detail in their answers.

I conducted my first test of Anzo Capital on 24 March at around 11:50 CET via live chat. An agent connected within 30 seconds of opening the chat. Initially, I wanted to gauge how well the agent understood the broker’s trading accounts, so I inquired about the standard EURUSD spread. The agent responded promptly, telling me that the current EURUSD spread was 1.5 pips, which was accurate.

I also asked about the maximum leverage on cryptocurrencies, which the agent did not understand at first, as they referred to the maximum leverage across all assets (1:1000), but eventually they told me it was 1:100. However, the agent did not seem to understand me when I asked about Anzo Capital’s execution model.

I clarified that I wanted to know whether Anzo operates as a market maker (counterparty to client orders), an STP (sending client orders to a pool of liquidity providers to get filled), or an ECN broker (matching buying and selling orders electronically). A broker’s execution model is an important determinant of fee transparency and execution speeds. At any rate, the agent responded that they offered both STP and ECN accounts, which is not the same thing.

I conducted my second test the following day, 25 March, at around 16:40 CET, and inquired about the different commissions applied to the ECN account. I asked about the different commission rates applied to instruments from different asset classes, but the agent seemed confused. They thought that the same $4 commission applied in all cases, which is not true.

All things considered, Anzo Capital’s customer support can be trusted with basic questions, but less so for more complex issues.

Deposit and withdrawal

How Do You Deposit Money with Anzo Capital

How Do You Withdraw Money with Anzo Capital

With its diverse payment methods, cost-free deposits and withdrawals from the broker’s side, and fast processing times, Anzo Capital earned a perfect score for the deposits and withdrawals category – its strongest performance in this review.

Account types and terms

How to Open an Account With Anzo Capital

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

1. Click ‘Register’ at the top-right corner of the main page.
2. Fill in your name and email address.
3. State your country of residence.
4. Enter your mobile number.
5. Choose an account password.
6. Confirm you are not a U.S. citizen.
7. Agree to Anzo Capital’s T&Cs.
8. Upload proof of ID and proof of address to verify your account.
9. Configure your trading account.

Anzo Capital Account Types

You can sign up with Anzo Capital with as little as $10, making its STP, ECN, and Social Trading accounts quite affordable. However, note that the less free margin you have in your account, the more restricted you will be in terms of the trades you can execute.

I tested both the STP and ECN accounts, which feature a maximum retail leverage of 1:1000 on FX majors. These accounts accommodate most trading styles (scalping, day trading, swing trading), whereas the Social Trading account is tailored specifically for signal providers and signal followers. The other difference is that its maximum leverage is capped at 1:500.

I also learned from the accounts specification page that Anzo Capital imposes an 80% margin call and a 50% stop-out across all its accounts. These two reduce, but do not eliminate, the risk of a complete account wipeout, which is especially important since Anzo Capital does not guarantee negative balance protection.

Anzo Capital Demo Accounts

Anzo Capital offers demo accounts to let traders explore its trading platforms and test their strategies in a simulated environment. Since markets are constantly changing, it’s crucial to keep your skills sharp without risking real money. You can open a demo account before or alongside your live CFD account.

Swap-Free (Islamic) Accounts

Anzo Capital does not offer Islamic accounts for Shariah-compliant, swap-free trading.

What Leverage Does Anzo Capital Offer?

The maximum retail leverage with Anzo Capital is 1:1000, which is fairly high compared to other brokers. This means that if you use just $100 to open a trade and utilize the full 1:1000 leverage, you would be able to open a position worth $100,000.

A word of caution: Trading on margin with high leverage is extremely risky and may result in significant losses.

Anzo Capital does not state how many retail traders actually lose money with it. This is a key risk assessment procedure with most brokers supervised by Tier-1 regulators. Typically, the percentage of people who lose their capital trading leveraged products with EMSA-, FCA-, or ASIC-regulated brokers ranges between 70% and 80%. This is considerable, given that the maximum retail leverage with brokers authorized by Tier-1 regulators is much lower (max. 1:30) than Anzo Capital’s 1:1000, which poses an even greater risk for inexperienced traders.

Anzo Capital Restricted Countries

Anzo Capital does not accept traders from Australia, New Zealand, the United States, or any other country or jurisdiction where trading is prohibited by law.

Research

Economic Calendar

If you go to the ‘Education’ section of the website, you will find Anzo Capital’s custom-built economic calendar. It’s a practical tool that tracks upcoming economic releases (e.g., inflation or unemployment reports) that could prompt market reactions and thereby yield viable trading opportunities.

Mentions Screener

I opened the ‘Market Analysis’ section under the ‘Education’ tab, and found a tool that tracks the latest mentions by Anzo Capital clients of popular instruments. I clicked ‘Currencies’ and noticed that the EURUSD had been mentioned 196 times, whereas the USDCNY pair was mentioned 115 times.

This tool has some potential as an indicator of volatility upsurges/downsurges; however, it requires some improvements. It needs to display duration next to the mentions (when were they made, are they still relevant, etc.) and possibly the underlying market sentiment (how many people are buying vs how many are selling).

Anzo AI

Anzo has implemented a new intuitive AI tool for prompting actionable trading signals. The first thing that stood out to me was its high level of customization. Unlike other AI tools, such as Acuity, which offer the user a set of ready-made trading signals, Anzo’s AI chatbot allows you to prompt your own signals. You can ask it about a specific asset and timeframe, which is a major leg up on other such services.

I used the tool to prompt signals on several instruments, including GBPJPY and EURUSD, and noticed several things worth highlighting. Starting with the positives, the reviews are nicely structured and streamlined. I appreciated the blending of fundamental and technical analysis to provide the reader with a broad, comprehensive picture.

However, I also noticed that the macroeconomic factors outlined in the first segment of the EURUSD analysis I prompted, such as inflationary pressures and rate-hike expectations, had very little impact on the relatively short-term timeframe of the technical analysis. The AI tool drew me a 1H EURUSD chart with no discernible pattern. So if you plan to use the tool, be sure to understand the difference between long-term macroeconomic trends and short-term price action noise.

The tool also seemed to use popular instruments, such as the MACD and RSI, which do not blend very well together. For example, the tool correctly identified a strong downtrend on the EURUSD, but the RSI indicator works best in ranging environments.

Overall, I found the Anzo AI tool useful as a data screener. News traders and traders who use fundamental analysis can use the tool to save themselves some time on research by asking it to filter the latest economic numbers and events. Technical traders can also use the tool to learn about major support and resistance levels.

Education

Anzo Capital’s Blog, available from the ‘Education’ section of the website, contains 37 articles as of 28 March 2026. Of these, 24 are genuinely educational, while the rest are mostly promotional, focusing on Anzo Capital’s trading bonuses and IB schemes.

Anzo Capital’s educational articles lack focus and overarching structure. One article discusses the role of the CoT (Commitments of Traders) report in trading, which is fairly advanced material on the positioning of high-volume traders and how that impacts market dynamics. While another jumps to the effects of remittance payments on the Forex market. These topics matter – but without a strong foundational basis, a beginner may not understand how to apply what they teach.

For example, you can learn about market seasonality from the CoT article and how to assess the underlying market sentiment, but only if you already know the ABCs of trading (i.e., how to read price action, apply stop-loss orders, etc.).

After reviewing Anzo Capital’s educational content, excluding promotional materials, I concluded that it lacks consistency, focus, and depth. It’s like jumping to calculus before understanding even basic arithmetic.

The bottom line

Founded in 2015 and headquartered in St. Vincent and the Grenadines, Anzo Capital is an offshore broker that offers 93 assets for trading on MetaTrader 4 and MetaTrader 5.

I tested its conditions on the STP and ECN accounts and found that Anzo Capital’s spreads vary. I recorded a $15 BTCUSD spread on an ECN account, which is better than the industry average of $23.69. On the STP account, gold, index, and crypto spreads were tight, but spreads on forex and crude oil exceeded the benchmark.

On the downside, Anzo Capital offers extremely narrow educational content that is not suitable for beginner traders. I also recorded a relatively slow execution time of around 126 ms, which is not ideal for high-volume traders.

On the plus side, Anzo Capital has a low deposit requirement of only $10, offers a relatively high maximum retail leverage of 1:1000, and supports automated trading via Expert Advisors (EAs) and copy trading.

What I Did not Test

Please note that for this review of Anzo Capital, I did not:

1. upload proof of ID and proof of address to fully verify my Anzo Capital’s live accounts;
2. deposit or withdraw real capital into or from Anzo Capital.