Maximum Leverage: 1:500
My Score: 4.4
Another brand new broker I’m going to review will be Anzo Capital. Founded in 2016, Anzo Capital is currently a Belize-based forex broker. Their site affirms various languages such as English, Russian, Spanish and Chinese nevertheless they don’t accept customers from the United States.
Anzo Capital is providing MetaTrader4 trading platform, that will be my favourite platform as it’s fast, stable and it’s also acceptable for traders that are using expert advisers. If you’re wondering why Anzo Capital’s advantages and pitfalls you’re able to go on reading my Anzo Capital review.
Is Anzo Capital scam or Decent broker? Which are Anzo Capital’s accounts type s, spreads, leverage ratio and deposition procedures? Is Anzo Capital governed broker? I shall explain these questions. But before all else, let’s test Anzo Capital’s regulation.
Anzo Capital functioned by Anzo Capital Limited plus they governed by International Financial Services Commission (IFSC) in Belize. You will find much more significant regulators such as CySEC from Cyprus, Financial Conduct Authority (FCA) at the UKAustralian Securities and Investments Commission (ASIC) in Australia however it really is far better than being authorised forex broker.
By the way, authorities such as FCA and CySEC, lowered the leverage speeds due of brand new measures of ESMA. And in addition, it’s tough to get licenses from these types of regulators. This ‘s why a number of the brand new brokers decide to be governed by IFSC or even Vanuatu Financial Services Commission (VFSC).
Anzo Capital provides 2 accounts kinds: STP along with ECN accounts. Minimum deposit limitation is 100 to get STP and $500 to get an ECN account. Stop/out amount is percent 50 for both accounts types and minimal size will be 0.01. I am able to say goodbye to STP accounts are within the average (two – 2.3) and on ECN accounts, you have to cover $1 commission for a lot.
Also, maximum leverage is left up to 1:500 for many account types and I view this being a convenience on account of the brand new ESMA rules. Lots of diverse tools are on the platform such as exotic and major monies, various products, indices and cryptocurrencies.
There are lots of deposit/withdrawal approaches Offered at Anzo Capital. Investors may deposit using debit and credit cards, wire transfer, Fasapay along with WebMoney but residue techniques such as Bitcoin, Neteller, Skrill and even PayPal. There are no prices on Earning money. However, while you would like to draw cash with cable transfer or internet bank transport, charges might apply.
When I before all else wrote this review, the ways of withdrawing and depositing were equally above. But with time, new techniques were introduced with Anzo Capital. Today I can express that the withdrawal and deposit processes possess a serious broad selection. Additionally, the most crucial info on the subject of the transfer process was given in a transparent way. By way of instance, advice regarding transport fees and time is currently offered. I want to thank the government of Anzo Capital for carrying these criticisms into consideration.
Even when they’re not governed by the revered ruler, Anzo Capital is an IFSC licensed broker. Maximum leverage they feature (1:500) and $100 minimum deposit limitation is fine but spreads and commissions are more than some other brokers. If you’re believing regulation has become the main aspect for me personally, I won’t urge one to work together with them.