Anzo Capital Review: Is Legit or Scam?

Anzo Capital is a Forex/CFDs broker operating out of Australia and Belize respectively.

Anzo Capital was created in 2015 but their operations started in late 2016.

They are regulated by the IFSC and also claim to have an ASIC license.

I am not able to verify their ASIC licensing as at now.

The broker’s website is heavily promoting their deposit bonuses, referral program and abnormal maximum leverage of up to 1:1000.

It is not usual for regulated brokers to offer this amount of leverage to their customers.

We expect brokers like Kenke Capital and Briton Markets to desperately look for customers using suspicious bonus promotions but not a broker who is regulated like AnzoCapital.

Nevertheless, Anzo Capital insists that they are a trustworthy broker that understands the needs of their clients.

Their website says they want to address common concerns that traders face such as market unpredictability and safety of funds while giving them competitive spreads.

While Anzo Capital is sounding like a professional Forex broker with an established track record, they are not without the usual flaws that we have come to witness in the majority of brokers that operate on the web today.

So if you don’t want to lose money to bogus trading operations involving dubious brokers and trading systems, I advice you to check out my list of recommended trading services here.

Anzo Capital Review: What they offer

They offer MT4 software for trading but clients who prefer something else for their charting needs can use the company’s WebTrader.

Anzo Capital is also inviting traders to use them because they believe their research and tools can be helpful to their clients.

They offer the following:

  1. Daily market commentary
  2. Trading signals
  3. Myfxbook autotrade (for copy trading)
  4. VPS for 35USD monthly or free if for account balance with 5000usd

In addition to the above, Anzo Capital is providing a white label solution to clients who would like to start a Forex brokerage business but are not willing to undergo the stressful processes involved in setting up and running a fully-fledged brokerage.

Anzo Capital Account types

There are only 2 account types where clients can choose between STP or ECN trading.

Minimum deposit is only $100, which is fair enough considering that most brokers that I have recommended to the community have set their minimum deposit at $100.

However, for clients who would like to trade in an ECN environment, the minimum is $500.

There are decent brokers that let you experience ECN trading for $100.

So this high deposit is unwarranted for. We can consider it one of the disadvantages for considering your trading with Anzo Capital.

Customer feedback/reviews

I’ve seen a couple of reviews and feedback out there regarding the services of this broker.

There is somehow mixed feedback because some clients say this broker is engaged in malpractices like widening spreads etc.

Others claim that they are one of the best Forex brokers around.

In the FPA forum, Anzo Capital is seen as a dishonest broker because their employees have submitted 2 fake reviews on different occasions.

I don’t expect a decent broker to fake reviews so as to win clients over.

The Conclusion

While they seem to be a professional broker with no ill intent, I fail to understand why they would fake reviews.

If they are good enough, they should let their reputation build itself rather than disturb the process for quick gains.

This makes Anzo Capital come across as dishonest. So I will not be recommending them today.