The 30-second verdict
Anzo Capital is most relevant to MT4 and MT5 forex traders seeking an accessible STP or ECN account. While its $10 minimum deposit lowers the financial barrier to entry, the live STP EUR/USD spread is unpublished, leaving that account's all-in trading cost unclear.
Pros
- STP and ECN accounts have a $10 minimum deposit.
- For EUR/USD, the ECN account has a stated total cost of 0.40 pips for a 100,000 EUR round turn.
- MT4 and MT5 support Expert Advisors on desktop or VPS environments.
Cons
- Anzo Capital does not publish a live EUR/USD spread for its STP account.
- Crypto CFDs are not available to UK retail clients.
- Bonds and options are not offered.
Our main findings on Anzo Capital
Anzo Capital’s trading conditions depend on the chosen account type and contracting entity; headline ECN pricing or leverage ceilings should not be assumed to apply uniformly to every client.
| Minimum deposit | $50 |
| Regulation | Capital Markets Authority (Kenya) |
| Platforms | MetaTrader 4, MetaTrader 5, Anzo Capital App |
| Trading costs | EUR/USD round trip per 100k EUR — ECN: $4.00; Social Trading: Total cannot be calculated; STP: Total cannot be calculated |
| Withdrawals | Visa, Mastercard, Wire Transfer, Tether, Skrill, Neteller |
| Retail eligibility | Yes (STP and ECN accounts with small deposits) |
What stands out
- Instant card and e-wallet deposit processing can make those methods faster to fund with than a wire, which takes one to three business days.
- The Anzo Capital App supports mobile position monitoring, alerts and account management as well as manual trading.
- Social Trading does not have the same fixed $10 entry point as STP and ECN accounts because its minimum follows the linked account.
What needs scrutiny
- Confirm that your account contract names the entity and regulator relevant to your country, rather than relying on the brand name.
- Compare the ECN commission with the STP spread before choosing an account, since the live STP EUR/USD spread is unpublished.
- Confirm withdrawal arrangements before funding: e-wallet and crypto broker fees are free, but withdrawal fees and processing times for cards and bank transfers are not established.
Is Anzo Capital safe, legit and regulated?
Applicable investor protections depend strictly on the legal company named in a client’s account contract rather than the Anzo Capital brand name alone. While records confirm a licensed Kenyan operating company, other Anzo entities may operate under separate permissions with different client safeguards.
Which legal entity serves the customer?
| Legal entity | Regulator | License / register | Client regions |
|---|---|---|---|
| ANZO CAPITAL LIMITED | Capital Markets Authority (Kenya) | 219 (listed in official CMA licence register) | Kenyan clients / Kenya entity |
What protection actually applies?
Anzo Capital maintains no single investor compensation scheme covering its international client base. Statutory arrangements such as the UK FSCS, Cyprus ICF and US SIPC do not automatically extend to offshore accounts, meaning available protections depend entirely on your contracting entity and its relevant regulator.
Anzo Capital fees, spreads and real trading costs
For EUR/USD trades of 100,000 EUR on a round-turn basis, the ECN account has a 0-pip spread, a $4 commission and a total cost of 0.40 pips, equivalent to $4. The STP account has no FX commission, but its live spread is unpublished, so a like-for-like total cannot be calculated.
| Instrument & account | Observed spread | Commission | Round-trip total |
|---|---|---|---|
| EUR/USD · ECN | 0 pips | $4 | 0.40 pips; $4.00 |
| EUR/USD · Social Trading | Strategy-dependent pricing | Strategy-dependent pricing | Total cannot be calculated; Total cannot be calculated |
| EUR/USD · STP | Live spread not published | $0 | Total cannot be calculated; Total cannot be calculated |
Trading commissions and account-level pricing
The ECN commission applies specifically to standard-lot round turns, while Social Trading costs depend on the underlying account type and provider-specific copy fees. These EUR/USD figures do not establish transaction costs for other instruments or trade sizes.
Overnight financing and non-trading fees
Overnight swaps apply, and Anzo Capital charges an inactivity fee of $15 per month after three months without trading or transfer activity. An Islamic account is available on request for STP and ECN clients, with instrument holding administration fees replacing swaps.
Deposits and withdrawals: what really happens?
Anzo Capital charges no broker-side deposit fee across the covered methods, although wire transfers may incur bank fees under $3,000. Card and e-wallet deposits are processed instantly, while wires take one to three business days and crypto deposits are usually immediate but depend on network conditions.
| Payment method | Funding minimum | Fee | Time / restrictions |
|---|---|---|---|
| Cards | # | Deposit: Free | Deposit: Instant |
| E-wallets | Skrill/Neteller: USD 100 (some Asian local wallets: USD 10–15) | Deposit: Free; Withdrawal: Free | Deposit: Instant |
| Bank transfer | Global wire: USD 100 / EUR 100 | Deposit: Free | Deposit: 1–3 business days |
| Crypto | USDT/USDC: USD 50 | Deposit: Free (Anzo); Withdrawal: Free | Deposit: Usually immediate (network-dependent) |
How to request a withdrawal
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Withdrawal problems reported online
Individual Trustpilot and Forex Peace Army reviews describe customer disputes involving withdrawal methods or blocked withdrawals. These reflect individual user accounts rather than verified findings regarding Anzo Capital’s overall operational practices.
Deposit Methods
Withdrawal Methods
Account types, leverage and trading conditions
STP and ECN accounts each have a $10 minimum deposit, while Social Trading follows the linked account. Myfxbook Autotrade requires a $1,000 balance and carries a $12-per-lot markup, so its entry cost differs from the standard STP and ECN minimums.
| Account | Minimum | Pricing | Platform | Leverage |
|---|---|---|---|---|
| ECN | $10 | Floating ECN spread + $4 per standard lot, round trip | MT4; MT5; WebTrader and mobile | Up to 1:1000 (equity-dependent) |
| Social Trading | Follows linked account | Underlying STP/ECN account spreads and commission + provider-specific copy fees | MT4; MT5; WebTrader and mobile | Up to 1:500 |
| STP | $10 | Marked-up variable spread; no FX commission | MT4; MT5; WebTrader and mobile | Up to 1:1000 (equity-dependent) |
Demo account and free practice tools
Anzo Capital offers a demo account for practising with its trading platforms before opening or funding a live account.
Leverage, stop-out levels and risk
Leverage can reach 1:1,000 on major forex pairs only when equity is below $5,000; it is capped at 1:500 for equity from $5,000 to $50,000 and at 1:100 above $250,000. Maximum leverage is lower for other products, including 1:500 for indices and 1:200 for commodities. The margin-call level is 80%, and the stop-out level is 50%.
Trading platforms, MT4/MT5 and mobile apps
Anzo Capital pairs MetaTrader with its proprietary mobile app, giving clients distinct tools for desktop analysis and on-the-go account management. The proprietary app is designed for manual trading and account monitoring rather than programmable automation.
| Platform | Available devices | Limitations |
|---|---|---|
| MetaTrader 4 | Web, Desktop, Mobile | Full MQL4/EAs/custom-script functionality is desktop/VPS-centric; the browser/mobile clients do not provide the full desktop automation environment. |
| MetaTrader 5 | Web, Desktop, Mobile | Full EA/custom-code development and testing are desktop/VPS-centric; browser/mobile versions are primarily for trading and monitoring. |
| Anzo Capital App | Mobile | Mobile-specific interface; advanced programmable automation, if offered by the broker, is handled through another platform/API. |
What the trading interface looks like
The Anzo Capital App is designed for mobile users to place manual trades, monitor positions, receive alerts and manage their accounts. MT4 and MT5 are also available on desktop, web and mobile.
Automation, APIs and copy trading
MT4 Expert Advisors use MQL4, while MT5 supports MQL5 Expert Advisors and a desktop Strategy Tester; full automation and custom-code work are desktop- or VPS-centred rather than available through the browser and mobile clients. Anzo Capital also records API trading as available, while Myfxbook Autotrade has a $1,000 balance requirement and a $12-per-lot markup.
Which markets can you trade or invest in?
Anzo Capital’s markets are primarily derivatives: CFDs provide exposure to price movements without ownership of the underlying shares, commodities or crypto assets. Crypto CFDs are not available to UK retail clients, and clients seeking direct asset ownership should distinguish these contracts from buying the underlying product.
| Market | Underlying asset or derivative? | Supported instruments | Restrictions |
|---|---|---|---|
| Forex | Leveraged FX (CFD / rolling spot) | 50 | Forex trading involves leveraged positions. Trading exotic or less liquid currency pairs may cost more. Eligible clients may have access to leverage of up to 1:1000. |
| Indices | Index CFDs | 12 | Index CFDs provide exposure to index price movements without giving traders ownership of the underlying shares. Holding costs, rollover arrangements and trading hours vary by contract. Eligible clients may have access to leverage of up to 1:500. |
| Commodities | Commodity CFDs | 5 | Commodity CFDs provide exposure to price movements without requiring physical delivery. Some contracts have expiry dates or require rollover, and financing charges may apply. Eligible clients may have access to leverage of up to 1:200. |
| Stocks | Stock CFDs | 28 | Stock CFDs track share prices without giving traders ownership or voting rights. Positions held overnight may incur financing charges, and the range is weighted towards US-listed shares. |
| Crypto | Crypto CFDs | 3 | Crypto-linked contracts provide price exposure rather than ownership of coins or holdings in a personal wallet. Access depends on the region and account type. Crypto derivatives are not available to UK retail clients. |
| ETFs | ETF CFDs | Conflicting availability across supplied files; exact ETF count not verified | ETF CFDs track fund prices without giving investors ownership of ETF units. Availability and margin requirements depend on the account and region, and the number and selection of ETFs may differ by account and have not been fully verified. |
Order execution, slippage and performance
Anzo Capital uses STP or ECN execution depending on the account, and changing prices can produce positive or negative slippage. The order instruction also affects whether a trade closes at a specified price or remains unfilled when the market moves.
Report measured outcomes
A reported MT5 demo test recorded execution speed of around 126 ms. This is a demo measurement, not a promise of live execution speed.
Disclose limitations
In a market gap, a standard stop may close beyond its trigger price. A limit order protects the acceptable price but may remain unfilled, so neither instruction guarantees a particular live outcome.
Customer support, research and education
Anzo Capital’s resources combine direct support channels with market information and introductory trading material.
Customer Support
Clients can contact support by live chat or email. The stated hours are Monday 07:00 to Saturday 24:00 and Sunday 07:00 to 24:00 (GMT+8).
Market Research and Education
Anzo Capital offers Market Analysis and an Economic Calendar. Its seven-module PDF learning library covers CFDs, forex pricing, charts, MetaTrader, margin, leverage and placing first trades.
Customer reviews, complaints and reputation
Customer feedback includes praise for spreads and support alongside individual complaints regarding withdrawal methods. These comments represent reviewers’ personal experiences rather than verified broker-wide outcomes.
| Source | Profile and dates | Positive themes | Negative themes |
|---|---|---|---|
| Trustpilot | Profile: Anzo Capital Dates: Profile URL audited 18 Oct 2026. | Fast Funding; Fast Withdrawals; Competitive Spreads; Customer Support | Withdrawal Method Restrictions; Weekend Delays; Compliance Communication |
| Forex Peace Army | FPA profile available | Checked: 18 Oct 2026 | Review dates cited: 2020-05-19 to 2024-01-29 | ECN fees, Spreads | Withdrawal restrictions, Trade slippage |
| No relevant Reddit discussion confirmed · Checked: 18 October 2026 | No relevant data | No relevant data |
What customers say about Anzo Capital?
The Trustpilot examples below come from different reviewers; the positive comments are from one customer, while the withdrawal-method complaint is from another.
“tight spreads” — Adimah Faithful (experience 2026-03-17)
“required to withdraw via Mastercard instead” — Declan Jefferson (experience 2026-05-07)
Who should use Anzo Capital, and who should avoid it?
The key distinction is whether a trader seeks leveraged market exposure or direct investment, and whether the contracting entity and available trading tools match their requirements.
New traders
The $10 STP and ECN minimums lower the initial funding threshold, and the introductory PDF covers core trading topics. New clients should still recognise that these are leveraged products, not a low-risk savings account.
Active forex traders
Forex traders seeking MT4 or MT5 automation can run desktop or VPS workflows. The account decision hinges on whether they prefer ECN commission pricing or STP marked-up spreads; the STP live EUR/USD spread is not published.
Long-term investors
Stock CFDs track share prices but do not confer share ownership or voting rights, and overnight financing may apply. Investors seeking to own shares or bonds should look for a different product type.
Regulation-first customers
Kenyan clients can check whether their account is contracted with ANZO CAPITAL LIMITED under the Kenya CMA licence 219. Clients elsewhere need to assess the entity in their own contract, as no single compensation scheme covers Anzo Capital’s international client base.
Anzo Capital alternatives worth considering
Eightcap is a platform-focused comparison for traders seeking MetaTrader alongside other supported software in certain regions. Fusion Markets is another account format to investigate for traders comparing a Zero forex account with other account types.
| Broker | Best for | When it is better | Important caveat |
|---|---|---|---|
| Anzo Capital | Researching ECN-style forex accounts | Anzo Capital advertises an ECN account, which may interest traders looking beyond a basic forex account. The useful test is how orders are handled and what the chosen account permits—not the ECN name itself. | ECN branding is not evidence of execution quality. Check the licensed entity, dealing policy and current specifications independently. |
| Eightcap | Forex trading across supported platforms | MetaTrader and other supported software can be used with Eightcap accounts in certain regions. It is a more platform-focused comparison if your Anzo Capital research began with its ECN account. | Platform and account access can change with location. Confirm that the exact Raw or Standard setup you want is available locally. |
| Fusion Markets | Understanding a Zero forex account | Fusion Markets has a Zero forex account alongside other account formats. It gives Anzo Capital users another defined account format to investigate, with platform access worth checking closely. | “Zero” does not mean every trade is free. Check account currency, the platform in use and the entity providing the service. |
Can you open an account in your country?
Retail eligibility is confirmed for STP and ECN accounts with small deposits, but this limited statement should not be treated as worldwide eligibility.
How the signup process works
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Final verdict: should you trade with Anzo Capital?
Choose Anzo Capital only if its account-specific terms and contracting entity fit your needs; traders who require direct ownership or a clearly applicable local compensation scheme should look elsewhere.
How we researched this review
This review assesses Anzo Capital’s entity and client protections, account costs, funding terms, platform functions, product access, execution evidence and customer reports.
| Review area | Research focus |
|---|---|
| Legal entity and licence | Identify the contracting firms, regulators, licence references and regional protections. |
| Fees and account terms | Compare trading costs, account conditions and additional charges by account type. |
| Withdrawals | Examine payment methods, stated processing times and applicable charges. |
| Customer feedback | Compare recurring themes across dated customer reviews and discussions. |
Frequently asked questions
8 questionsIs Anzo Capital legit or a scam?
For Kenyan clients, the CMA register identifies ANZO CAPITAL LIMITED under licence 219; this Kenya-specific entry does not establish the status of every Anzo account worldwide.
Is Anzo Capital regulated in my country?
The available jurisdiction-specific record confirms a Kenya CMA licence for Kenyan clients; regulation elsewhere depends on the contracting entity, so this should not be treated as worldwide authorisation.
What is Anzo Capital's minimum deposit?
The minimum deposit is $10 for STP and ECN accounts, while Social Trading follows the linked account.
How long do Anzo Capital withdrawals take?
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Does Anzo Capital charge withdrawal fees?
Anzo Capital charges no broker fee for e-wallet and crypto withdrawals.
Does Anzo Capital support MT4, MT5 or TradingView?
Anzo Capital supports MT4 and MT5 on desktop, web and mobile, with Expert Advisor automation available on desktop or VPS environments.
Is Anzo Capital good for beginners?
The $10 STP and ECN minimums and a seven-module introductory learning library may help new traders get started, but the products involve leveraged trading.
Who owns Anzo Capital, and where is it based?
Anzo Capital's headquarters address is 35 New Road, 3rd Floor Flat, Belize City, Belize.
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