Anzo Capital review

Risk warning: CFDs are complex instruments. Leverage magnifies gains and losses, and you can lose money rapidly.

Anzo Capital’s clearest appeal is the choice between STP and ECN forex pricing on MT4 or MT5, with a $10 minimum deposit for either account. The trade-off is practical: STP has marked-up spreads without a separate forex commission, while ECN adds a $4 round-turn commission to floating spreads. Anzo also advertises a Pro account starting at $100, so the $10 threshold applies to STP/ECN and copy-trading minimums rather than all account types. The more consequential limitation is that client safeguards depend on the contracting legal entity, and no universal government compensation fund is identified. It may suit platform-focused traders who can weigh those costs and protections against their needs; compensation-focused clients have a material reason to look elsewhere.

How we reviewed it: This review assesses Anzo Capital’s stated account, fee, platform, market, regulatory and funding terms. It does not report hands-on trading or withdrawal testing. See our review methodology.

The client agreement determines which protections apply. ANZO CAPITAL LIMITED appears in the Capital Markets Authority of Kenya licence register under number 219 for Kenyan clients. Anzo also describes an SVG FSA/offshore context; that should not be confused with the Kenyan entity’s licence or protections.

Regulation and Client Protections

Segregation and negative balance protection address different risks; neither is a government guarantee against broker default or trading losses. Compensation rights depend on the contracting company, its jurisdiction and any relevant private arrangements. Offshore accounts do not inherit UK, Cyprus or US investor cover.

STP’s spread-based pricing avoids a separate forex commission, while ECN adds a per-lot charge to floating spreads. The better fit depends on whether you prefer a single spread cost or are prepared to account for both spread and commission; overnight swaps and non-trading charges can also affect the total.

Spreads, Commissions and Total Trading Costs

The listed EUR/USD averages are 1.2–1.4 pips on STP and 0.0–0.2 pips on ECN; ECN also charges $4 per lot round turn. These are stated averages, not a guarantee of the spread at the time you trade. Actual floating spreads can vary.

Other Trading and Non-Trading Fees

A $15 monthly inactivity fee begins after 90 consecutive calendar days without trading or transfer activity. Anzo lists no currency-conversion fee. A 5% penalty applies to withdrawals made without trading; bank charges can also apply to wire transfers.

Choose STP if you prefer forex costs expressed through marked-up spreads without a separate commission; ECN may suit traders who value floating spreads and are comfortable adding the $4 round-turn charge per standard lot. Pro is also advertised with a $100 account minimum and no dealing commission on the broker’s current overview; the spread and terms differ from STP/ECN. Copy Trading is listed with a $10 account minimum, but strategy-dependent charges may apply. Minimum deposit amounts can be higher for individual funding methods. Myfxbook Autotrade has a separate $1,000 minimum balance and a $12-per-lot markup.

MT4 and MT5 let traders move between browser or mobile access and desktop-based automation; the Anzo Capital App is a separate mobile route for trading and account monitoring. For strategy testing or automated execution, the relevant MT4 and MT5 tools require the desktop terminal.

Desktop, Web and Trading Platforms

These products provide leveraged price exposure rather than ownership: stock CFDs confer no shareholder or voting rights, and crypto CFDs do not give the client ownership of coins. Crypto CFD access is unavailable to UK retail clients. ETF selection and margin depend on the account and region, and the exact number of ETFs is unverified.

For learning the basics, Anzo’s seven-part PDF series covers CFDs, forex pricing, charts, MetaTrader, margin, leverage and placing a first trade. Market Analysis and an Economic Calendar are listed for market research, while MT5’s depth of market, pending orders, indicators and timeframes support chart and order workflows; its MQL5 Expert Advisors require desktop use. The broker also lists API trading, hedging, scalping and news trading as supported. Rapid price changes or weak liquidity can cause positive or negative slippage; this is a risk disclosure, not a measured execution result.

Withdrawal support is not confirmed for every listed payment route: bank transfers and cards are identified for deposits, while e-wallet and crypto withdrawals are listed but have no stated processing times. Route-specific minimums also mean the deposit method affects the amount needed to fund an account.

Account Opening and Identity Verification

KYC verification is required. Applicants must complete account verification and use a funding method in their own name. The published funding page does not provide a universal document list or approval deadline.

Deposit and Withdrawal Methods

Customer Support

Support is listed through live chat and email in English, Chinese, Thai and Vietnamese. The stated support hours are Monday 07:00 to Saturday 24:00 and Sunday 07:00 to 24:00 (GMT+8). Response commitments and complaint procedures depend on the operating company and region.

The strongest fit is for traders who will use MT4 or MT5 and can choose between STP spread-based pricing and ECN spreads plus commission. Social traders should weigh the linked account’s costs alongside any provider fee; the separate Myfxbook Autotrade option has a $1,000 minimum balance and a $12-per-lot markup. For clients who prioritise statutory compensation, the stated absence of a government investor compensation fund is the decisive limitation.

Anzo Capital vs Alternatives

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• No inactivity fee
• No commission
• No overnight swap fee

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For compensation-focused clients, the stated lack of a government fund is a more important dividing line than Anzo’s low account minimum or platform choice.