Active since 2015, Anzo Capital has gained a diverse user base—but mixed reviews have made it difficult for some traders to decide whether it’s the right choice.
Whether you’re a casual trader exploring copy trading or a commodities trader in search of low spreads, Anzo Capital may have something to offer. Here's a review about Anzo Capital and what you should know before signing up.
Anzo Capital Overview
Founded in 2015, Anzo Capital appeals to experienced traders thanks to several key features: access to MT4 and MT5, high leverage, and support for copy trading. The broker also provides a demo account, allowing new users to explore the platform and practice risk-free before committing real funds.
Account Types at Anzo Capital
Anzo Capital offers three live account types in addition to the demo account. The most popular is the STP account, which features zero commissions. The ECN account, designed for traders seeking direct market access, charges a $4 commission per trade.
Social trading accounts are also available, although commission rates vary depending on the strategy followed. These accounts offer leverage up to 1:500, making them suitable for traders looking to diversify by replicating strategies used by more experienced market participants.
Is Anzo Capital Regulated?
Anzo Capital (SVG) LLC is incorporated as an International Business Company in St. Vincent & The Grenadines, under registration number 308 LLC 2020. While technically regulated, its oversight is minimal compared to brokers licensed by more stringent financial authorities. The broker also limits its services in certain jurisdictions, including the United States and Japan.
Education at Anzo Capital
When it comes to educational resources, Anzo Capital falls short. Although it features a blog, economic calendar, and market analysis, the content is relatively limited. Traders seeking more comprehensive insights or tutorials may need to rely on third-party sources, which isn’t ideal for those just starting out.
Pros and Cons of Anzo Capital
Before you create an account and start trading, it’s important to weigh the broker’s advantages and disadvantages.
Pros
- Offers copy trading functionality
- Includes rare Chinese stock options
- Provides high leverage, up to 1:1000
Cons
- Charges withdrawal and inactivity fees
- Limited educational content
Final Thoughts
Anzo Capital can be a solid choice for seasoned traders who know their way around forex and CFD markets. It supports copy trading, offers both desktop and mobile platforms, and provides leverage up to 1:1000. However, its lack of robust regulatory oversight and limited educational tools are important drawbacks to consider. Be sure to evaluate your trading experience and goals before opening an account.
