Anzo Capital Review 2026

Editor’s Verdict

I have been tracking Anzo Capital since its founding in 2015. It's a mid-tier global broker that has quietly built a diversified regulatory footprint, FCA in the UK, CMA in Kenya, FSC in Belize, and ASIC in Australia for wholesale clients, while focusing on traders across African and South-East Asian markets. Its core identity is low-cost ECN execution delivered exclusively through MetaTrader 4 and MetaTrader 5.

I put the broker’s pricing under the microscope. On the ECN account, EUR/USD averages 0.71 pips with a $4 round-turn commission - approximately $11.10 all-in per standard lot. That is competitive. Gold (XAUUSD) averages 7.34 pips on ECN. The STP account strips the commission but widens the spread, providing a simpler structure suited to lower-volume traders.

Anzo Capital suits cost-conscious FX and metals traders - particularly those in Africa and South-East Asia where localised payment infrastructure and regional support add genuine value.

Overview

Anzo Capital is an Australian-founded broker established in 2015, now headquartered in Melbourne with an additional office in London. It operates exclusively as a No Dealing Desk broker, STP and ECN execution focused on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker has built a strong presence in emerging markets, with localised payment infrastructure and dedicated regional support teams for Nigeria, Kenya, Indonesia, Malaysia and the Philippines.

The pricing model is deliberately straightforward: an ECN account with raw spreads and a flat $4 per lot round-turn commission, or an STP account with wider spreads and no commission. Both accounts require a $10 minimum deposit (country dependent) and support Islamic (swap-free) variants. Social trading is available as a distinct third account type, allowing signal providers to publish strategies and earn up to 50% of follower profits.

Where the broker falls a little short is asset breadth. There are no bond CFDs, ETFs, options or futures contracts. Stocks are CFDs only - no physical share ownership. Meanwhile, for FX and metals traders, the offering is focused and well-executed.

Anzo Capital Core Takeaways:

• Hybrid Broker Model: Offers both a commission-free STP account and a commission-based ECN account.
• Safety / Fund Protection: Tier 1 FCA licence (739550) held by ANZOGLOBAL LLP. The CMA Kenya (licence 219) and FSC Belize (000331/469) serve most international retail clients. Negative balance protection is available on all retail accounts.
• Platforms: MT4 and MT5 plus a dedicated App with TradingView integration - desktop, WebTrader and mobile. Full EA and algorithmic trading support.
• Cost Structure: $10 minimum deposit (country dependent) on both accounts. $15 per month inactivity fee after 90 days dormancy. No deposit fees. $20 fee on withdrawals under $100.
• High Leverage: Offers significant leverage, particularly for clients under the international entity.

Anzo Capital Regulation & Security

Is Anzo Capital Legit and Safe?

Yes, Anzo Capital is a legitimate, regulated broker. Founded in 2015 in Australia, the broker has progressively built a regulatory presence across four jurisdictions. The primary FCA licence (reference 739550) is held by ANZOGLOBAL LLP in the United Kingdom. The FCA entity provides particularly strong client protection, including access to the Financial Ombudsman Service and FSCS compensation up to £85,000.

The Kenya CMA entity (Anzo Capital Limited, licence 219) and the Belize FSC entity (Anzo Capital Ltd, licence 000331/469) serve most international retail clients outside the UK. In addition, Anzo Capital (SVG) LLC is registered in St Vincent and the Grenadines under the SVGFSA.

Across all entities, the broker operates segregated client funds and enforces KYC and AML procedures.

The Australian ASIC licence (362215), held by Anzo Capital (Aust) Pty Ltd, covers wholesale clients only - Australian retail traders are directed to another entity.

Who Should Trade with Anzo Capital?

Anzo Capital’s regulatory structure and product range mean its suitability varies considerably by trader type. Here’s my honest assessment:

Fees

Anzo Capital offers two primary retail accounts: the ECN Account and the STP Account. Both carry a $10 minimum deposit. The ECN account delivers raw spreads from 0.0 pips plus a flat $4 per lot round-turn commission. The STP account has wider spreads with no commission. A simpler cost structure suited to lower-volume traders or those who prefer to avoid per-trade commission calculations.

Anzo Capital EUR/USD Trading Costs - STP vs ECN Account:

My Observation: At approximately $11.10 all-in per standard lot on EUR/USD, the ECN account sits in the middle of the competitive broker pack. That is a fair entry point for active traders. The STP account is less suited to high-volume traders, since the spread-only model typically works out more expensive over time once the true average spread is factored in.

Noteworthy:

• Inactivity Fee: $15 per month charged after 90 consecutive days of no trading activity. A 6% administrative charge also applies to withdrawals made with no prior trading activity.
• Swap Fees: Overnight swap rates apply to all positions held past the daily rollover (typically 22:00-00:00 server time, varying by instrument). Islamic swap-free accounts are available on both ECN and STP.
• Transaction Fees: No broker-side deposit fees. A $20 fee applies to withdrawals under $100. Third-party transfer fees are covered by the broker on deposits and withdrawals above $3,000.
• Currency Conversion: Accounts are denominated in USD, EUR, GBP, AUD or SGD, depending on region. Currency conversion charges apply where the account base currency differs from the instrument’s pricing currency.

Overnight Swaps

Anzo Capital applies standard overnight swap charges to all positions held past the daily rollover - typically between 22:00 and 00:00 server time, though the exact cutoff varies by instrument and is confirmed in the platform. The broker follows the industry-standard triple-swap model: three days of swap charges are applied on a single day each week - Wednesday for FX and metals, Friday for indices and equities.

Islamic swap-free accounts are available on both ECN and STP. These accounts replace the overnight swap with an administrative fee structure - request full details from the broker before opening a swap-free account, as the fee structure varies by instrument and holding period.

The example below illustrates the indicative cost of holding a EUR/USD position overnight on the ECN account. Swap rates fluctuate with interbank interest rate differentials and should always be verified in the MT4 or MT5 platform before opening a position.

Swap Calculation Example:

Estimated cost of buying or selling 1.0 standard lot of EUR/USD on the ECN Account and holding overnight (indicative figures only - verify current rates in MT4/MT5):

• Long swap (buy): approximately -0.45 pips per night (indicative)
• Short swap (sell): approximately +0.12 pips per night (indicative)

Holding a 1 lot EUR/USD position for one night:

Holding a 1 lot EUR/USD position for seven nights:

Swap rates are indicative only and based on approximate current market conditions. Actual rates fluctuate daily - always verify in the Anzo Capital trading platform before opening or holding a position overnight.

Range of Assets

Anzo Capital covers the essentials for FX-focused traders: 45+ currency pairs spanning majors, minors and exotics; 4 commodity CFDs (Gold, Silver, WTI Crude and Brent Crude); 11 equity indices, 12 cryptocurrency pairs; and 20+ US stock CFDs alongside a selection of Hong Kong stocks. The metals offering is the highlight - Gold averaged 7.34 pips spread in the ECN account.

Traders should be aware that Anzo Capital doesn’t offer bond CFDs, ETF CFDs, options or futures contracts, which may make the asset selection seem a little narrow for some.

Anzo Capital Leverage

Leverage at Anzo Capital is tiered by regulatory entity and instrument type. Clients under the FCA (UK) entity are subject to ESMA-aligned leverage caps: 1:30 on major FX pairs, 1:20 on non-major FX and Gold, 1:10 on other commodities, and 1:5 on individual stocks, standard retail limits for a UK-regulated account. CMA Kenya clients are subject to similar proportionate limits under Kenyan regulation.

International clients under the Belize FSC or SVG entities access substantially higher leverage - up to 1:1000 on FX pairs, up to 1:1000 on Gold, and up to 1:20 on stocks. Anzo Capital offers negative balance protection across all retail accounts, which limits losses to the funds deposited. Leverage of 1:500 or 1:1000 can still result in rapid margin liquidation in volatile market conditions.

What should traders know about Anzo Capital leverage?

• Magnified Risk: Leverage of 1:500 or 1:1000 on FX can result in full margin loss on relatively small price moves. Disciplined position sizing and pre-defined stop-loss placement are non-negotiable.
• Capital Efficiency: High leverage allows traders to control large notional positions with a comparatively small margin deposit - useful for professionals with robust risk management frameworks.
• Asset Limits: Gold up to 1:1000 (international entities). Stocks up to 1:20 across all entities. Leverage varies by instrument - confirm current rates in the platform before trading.
• Account Equity Tiers: No equity-tiered leverage structure was disclosed on the website at time of review. Verify current margin requirements directly with the broker.

Account Types

Anzo Capital keeps its account structure straightforward: two core retail accounts - ECN and STP - plus a dedicated Social Trading account for copy trading participants.

• ECN Account: Raw spreads from 0.0 pips, $4 per lot round-turn commission, $10 minimum deposit (country dependent). Suited to active traders and algorithmic strategies requiring tight, transparent pricing. Available on MT4 and MT5.
• STP Account: Spread-only pricing with no per-trade commission, $10 minimum deposit (country dependent) . Wider spreads than the ECN account, but a simpler cost structure. Better suited to lower-volume traders or those new to live trading. Available on MT4 and MT5.
• Social Trading Account: A distinct account type - not merely a feature - that enables copy trading via MT4 and MT5. Signal providers can publish their strategy and earn up to 50% commission on profits generated for subscribers.

Managed & Specialist Accounts

• Swap-Free (Islamic) Account: Available on both ECN and STP for clients whose beliefs preclude the payment or receipt of interest. Administrative charges replace swap fees - contact the broker for current terms and applicable instruments.
• MAM/PAMM Accounts: Available for professional money managers and fund managers - contact the Anzo Capital institutional desk directly to arrange terms and access.
• Demo Account: Available on both MT4 and MT5 with no deposit required. Mirrors live pricing and execution conditions.

Anzo Capital Demo Account

A free demo account is available for both MT4 and MT5, allowing you to test drive the platforms and practice your strategies risk-free.

Trading Platforms

Anzo Capital is a MetaTrader-native broker, offering the full suite of platforms from MetaQuotes.

• MetaTrader 4 (MT4): The global standard for FX trading, loved for its reliability and huge library of custom indicators and EAs. Available on desktop (Windows and Mac via Wine), WebTrader, iOS and Android. Full Expert Advisor and one-click trading support.
• MetaTrader 5 (MT5): The successor to MT4, offering more advanced tools, additional timeframes, and access to more markets. Available on desktop, WebTrader, iOS and Android.
• WebTrader: Both MT4 and MT5 are accessible via browser with no software installation required - useful for traders who operate across multiple devices or environments.
• Anzo Capital App: The website also offers a dedicated app with TradingView integration, downloadable via the App Store and Google Play Store.

Supporting Infrastructure

• VPS Hosting: Available for EA users who require low-latency, always-on execution independent of local internet connectivity. Contact the broker for current VPS partners and pricing.
• Social / Copy Trading: The Social Trading account type allows signal providers to publish their strategy and earn up to 50% of follower profits. Followers automatically copy trades in real time via MT4 or MT5.
• Trading Signals: Anzo Capital provides integrated trading signals from a London-based market analyst - a useful supplementary resource for traders who want a second opinion on market direction.

What I'd Like Anzo Capital to Add

There are two areas where I would like to see additions. First, the education offering could be supplemented - a structured trading academy with video modules, quizzes and progress tracking would be of value to developing traders. Second, I’d like to see STP average spreads disclosed on the website to enable traders to evaluate the all-in cost of that account before opening one.

Research & Education

Anzo Capital has made genuine improvements to its research and education offering. The broker now provides trading signals from a London-based market analyst, a blog with market commentary, and periodic webinars. Standard MT4 and MT5 charting tools are available within the platform, and integrating signals directly into the trading environment is a practical touch.

However, the offering is missing a structured trading academy, video course library, interactive economic calendar integration, and third-party research partnerships. For self-directed beginners looking for guided learning, Anzo Capital’s education section is functional. Experienced traders who rely on external analysis providers won’t find the absence of native research a loss.

Anzo AI

Anzo AI is Anzo Capital’s in-house AI trading coach and companion. Plug Anzo AI into your live account receive real-time analysis of what you do in the market, trade by trade. Anzo AI works through your MT4 platform history and determines patterns in your trading behaviour and trading results, which it then turns into personalised feedback. This is one of the best uses of AI in trading – the technology is unparalleled at generating accurate and unbiased performance review.

Customer Support

Anzo Capital operates a two-tier support model: a standard Customer Support team and a dedicated Customer Success Team - the latter functioning as a relationship management layer for active traders and the broker’s key regional markets. The dual-team approach is a genuine differentiator from single-channel support brokers.

• Live Chat: Available on the website during business hours, its response times during testing were acceptable - no material delays were encountered.
• Email: Published target response times of within 2 hours during Monday-Friday business hours, were consistent with a professional standard for email support.
• Phone: Available with contact details listed on the website – it is useful for clients who prefer direct voice communication for account or transaction queries.
• WhatsApp: The dedicated Customer Success Team is reachable via WhatsApp. This is a particularly well-chosen channel for clients in Nigeria, Kenya and other African and South-East Asian markets where WhatsApp is the dominant communication platform for business interactions.
• FAQ & Help Centre: A standard knowledge base is available on the website covering common account, platform and payment queries.

For traders in emerging markets, the regional customer success model is one of the broker’s stronger operational features.

Customer Support Methods
Support Hours	24/5 support
Website Languages	EN ZH TH Other

Bonuses and Promotions

Anzo Capital doesn’t prominently advertise cash bonuses or deposit match promotions on its main website - a position consistent with its FCA regulatory obligations, which restrict certain types of financial inducements to retail clients. The social trading program, where signal providers can earn up to 50% of the profits they generate for followers, functions as an indirect and performance-linked earning mechanism rather than a traditional bonus.

An affiliate and introducing broker program are available for partners who refer clients to the platform - details are listed on the website.

Opening an Account

What should traders know about the Anzo Capital account opening process?

Account opening at Anzo Capital is a fully online process, straightforward and completed in three steps.

1. Register: Complete the online application - personal details, trading experience, financial background, and selection of account type (ECN, STP or Social Trading) and preferred base currency.
2. Verify: Submit standard KYC documentation - government-issued photo ID (passport or national identity card) and proof of address (utility bill or bank statement dated within three months). Verification is typically completed within one business day.
3. Fund & Trade: Deposit a minimum of $10 via your preferred payment method. Once funds are cleared, the account is live and ready to trade on MT4 or MT5.

Base currencies available include USD, EUR, GBP, AUD and SGD, subject to entity and region. Nigerian clients can open with as little as $10 equivalent using the GT Bank NGN Local/Instant Pay method.

Minimum Deposit

The minimum deposit at Anzo Capital is $10 for both the ECN and STP accounts (country dependent) - confirmed directly on the broker’s website. This is below the typical minimum for ECN brokers, many of whom require $100 to $200 to open a raw spread account. Nigerian clients using the GT Bank NGN Local/Instant Pay channel can deposit a minimum of $10 (USD equivalent). Cryptocurrency deposits (USDT) carry a $50 minimum. The accessible entry point makes Anzo Capital a practical choice for retail traders testing a new broker without committing significant capital.

Payment Methods

Anzo Capital supports nine payment methods, with a deliberate emphasis on localised options for clients in emerging markets.

Deposits: Accepted methods include Bank Wire (SWIFT), Visa, Mastercard, Skrill, Neteller, SticPay, Cryptocurrency (USDT and others), GT Bank NGN Local/Instant Pay (Nigeria — minimum $10 USD equivalent), and additional localised payment channels for Kenya, Indonesia, Malaysia and the Philippines. There are no broker-side deposit fees. The broker covers third-party transfer fees on transactions above $3,000.

Withdrawals: Available via Bank Wire (SWIFT), Visa, Mastercard, Skrill, Neteller, SticPay, Cryptocurrency (USDT TRC20 and others), Interac and DragonPay. There’s no broker-side withdrawal fee, but a $20 fee applies to withdrawals under $100. Withdrawals are processed within one business day: same-day processing if submitted before 11:00 AEDT. The 6% administrative charge applies where funds are withdrawn without any prior trading activity having taken place.

Withdrawal options
Deposit options

Accepted Countries

Anzo Capital serves a global client base but does not accept persons resident in the United States, Japan, and certain sanctioned jurisdictions. The broker has made a deliberate strategic decision to focus on Africa and South-East Asia, evidenced by its localised payment infrastructure, regional website versions and dedicated Customer Success Teams for Nigeria, Kenya, Indonesia, Malaysia and the Philippines.

UK clients are accepted under the FCA-regulated entity ANZOGLOBAL LLP, which provides the highest level of regulatory protection this broker offers. Australian retail traders should confirm which entity they’re being onboarded under, as the ASIC licence (362215) covers wholesale clients only - retail Australians will typically be directed to the Belize or SVG entity. Always verify your onboarding entity and the regulatory protections that apply before funding an account.

Deposits and Withdrawals

• Zero Broker-Side Deposit Fees: No charges applied to incoming funds. The broker covers third-party transfer fees on transactions above $3,000, which is a meaningful benefit for larger deposits.
• Speed: Withdrawals processed within one business day, or same day if submitted before 11:00 AEDT. Card and e-wallet deposits are typically instant or near-instant.
• Segregated Funds: Client funds are held in segregated accounts separate from the broker’s own operational capital, across all regulated entities.
• Withdrawal Conditions: Note the $20 fee on withdrawals under $100 and the 6% administrative charge where no trading activity has occurred. Read the withdrawal terms carefully before funding an account you may not actively trade.

Is Anzo Capital a Good Broker?

Anzo Capital is a solid broker for FX and metals traders who want competitive ECN pricing, a reliable MetaTrader environment, and genuinely useful regional services in Africa and South-East Asia. The core product - raw ECN execution at $4 per lot round-turn on MT4 and MT5 - is delivered consistently. Meanwhile, the multi-entity regulatory structure provides broad, flexible global coverage.

Capital’s asset selection offering is deliberately focused, suited to the dedicated FX and metals trader.

While the education and research offering could be broader, operationally, the broker delivers: straightforward account opening, a $10 minimum deposit (country dependent) that’s genuinely accessible, fast withdrawals, and a regional support model that clearly works for its target client base.

The Verdict

Anzo Capital is a legitimate, well-regulated broker with a focused FX and metals proposition. If you need bond CFDs, ETFs or a wide stock universe, you may find the asset selection a bit narrow. However, if you are trading in Africa or South-East Asia and value localised payment infrastructure and regional client support, Anzo Capital deserves serious consideration. For cost-conscious FX traders who know their way around MetaTrader, the ECN account at $4 per lot and 0.71 pips average EUR/USD is a competitive package.

FAQs

Is my money safe with Anzo Capital?

When it comes to how safe your money is with Anzo capital, client funds are held in segregated accounts across all regulated entities, separate from the broker’s operational capital. For UK-resident traders, the FCA entity (ANZOGLOBAL LLP) provides access to the UK Financial Services Compensation Scheme (FSCS) - up to £85,000 in the event of broker insolvency - and the Financial Ombudsman Service for dispute resolution.

What is the minimum deposit for Anzo Capital?

The minimum deposit for Anzo Capital is $10 (country dependent) for both the ECN and STP accounts. Nigerian clients using the GT Bank NGN Local/Instant Pay method can deposit from $10 (USD equivalent). Cryptocurrency deposits (USDT) carry a $50 minimum.

Is Anzo Capital available to US residents?

No, Anzo Capital is not available to US residents.

What is the maximum leverage offered by Anzo Capital?

The maximum leverage offered by Anzo Capital for FCA (UK) entity clients is capped at 1:30 on major FX pairs in line with ESMA retail leverage limits. International clients under the FSC Belize or SVG entities can access up to 1:1000 on FX and Gold, and up to 1:20 on stocks. Always confirm the leverage applicable to your specific entity and instrument before opening a leveraged position.

What trading platforms does Anzo Capital support?

Anzo Capital supports MetaTrader 4 and MetaTrader 5, plus a new App with TradingView - available as desktop applications, WebTrader and mobile apps on iOS and Android.

Does Anzo Capital charge an inactivity fee?

Yes, Anzo Capital charges an inactivity fee. A fee of $15 per month is charged after 90 consecutive days of no trading activity. Additionally, a 6% administrative charge applies if funds are withdrawn with no prior trading activity. Be aware of these conditions before leaving an account dormant.

By DailyForex.com Team

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.