Question 1

Is Anzo Capital regulated and safe for Nigerian traders?

FXScope Intelligence Lab · Accepted Answer

Anzo Capital is regulated by the Financial Services Authority (FSA) of Saint Vincent & The Grenadines with license number 308. However, this regulatory body is considered weak and is not ranked among the top-tier forex market regulators globally. The broker accepts Nigerian traders and offers negative balance protection, which caps losses at your initial deposit amount. While this provides some safety net, investors should be aware that the weak regulation poses higher risks compared to brokers regulated by tier-1 authorities like FCA, CySEC, or ASIC.

Question 2

What is the minimum deposit at Anzo Capital for Nigerian traders?

FXScope Intelligence Lab · Accepted Answer

Anzo Capital requires a minimum deposit of just $10 for all account types, making it accessible for traders with limited capital. Nigerian traders can fund their accounts in Naira currency through local bank transfers, which Anzo Capital supports. Additionally, you can deposit using Neteller, Skrill, and TRC20 cryptocurrency. The minimum withdrawal is also $10, and you can make multiple withdrawals per day without restrictions. For Nigerian bank withdrawals, the process is instant, while other methods may take up to 2 working days.

Question 3

What trading account types does Anzo Capital offer?

FXScope Intelligence Lab · Accepted Answer

Anzo Capital offers three main account types: 1) STP Account with 1:1000 leverage - designed for beginners with spreads starting from 0.6 pips and no commission per trade; 2) ECN Account with 1:1000 leverage - for experienced traders with spreads from 0.0 pips but charging $2 commission per side per standard lot; 3) Social Trading Account with 1:500 leverage - allows copying other traders' strategies or being copied by others. Each user can create up to 10 live accounts (10 for MT4 and 10 for MT5) plus 5 demo accounts. Account currencies available for Nigerian traders are USD and EUR.

Question 4

What are Anzo Capital's trading costs and fees?

FXScope Intelligence Lab · Accepted Answer

Anzo Capital's trading costs include: Spreads starting from 0.6 pips on STP accounts and 0.0 pips on ECN accounts (with $2 commission per side per standard lot); Withdrawal fees of $0 except $6 fee for withdrawing without trading; Inactivity fee of $30 monthly after 3 months of no trading activity; Overnight fees for positions held beyond the trading day. The broker provides negative balance protection and margin call at 80% with stop-out at 50%. These fees are competitive but the inactivity fee is relatively high compared to some competitors.

Question 5

What markets can I trade with Anzo Capital?

FXScope Intelligence Lab · Accepted Answer

Anzo Capital offers CFD trading across multiple asset classes: Forex with 40+ currency pairs covering major, minor, and exotic currencies; Indices including 5 popular options like NAS100, UK100, USIDX, US30, and HSCHKD; Precious metals limited to XAGUSD and XAUUSD; Commodities including XTIUSD and XBRUSD; Stock CFDs featuring popular companies like MSFT, TSLA, AAPL, AMZN, and NVDA. While the forex selection is extensive, the range of indices, metals, and commodities is quite limited compared to other brokers. The limited market diversity may be a concern for traders seeking portfolio diversification.

Question 6

What trading platforms does Anzo Capital provide?

FXScope Intelligence Lab · Accepted Answer

Anzo Capital provides access to MetaTrader 4 and MetaTrader 5 platforms, available on desktop, web, and mobile versions. Additionally, they offer their proprietary Anzo Mobile App for on-the-go trading, downloadable from Google Play and Apple App stores. The platforms support automated trading, one-click trading, pending orders, and trailing stops. For tools, they offer MAM (Multi-Account Manager) for managing multiple client accounts from one master account, and social/copy trading functionality that allows mirroring other traders' strategies or offering your strategies for copying.

Question 7

Is Anzo Capital beginner-friendly for new traders?

FXScope Intelligence Lab · Accepted Answer

Anzo Capital is considered beginner-friendly due to several factors: extremely low minimum deposit of $10 making it accessible; 24/7 live chat support with quick response times (under 1 minute wait time); educational resources available through their 'Academy'; user-friendly account opening process with clear steps; negative balance protection preventing losses beyond initial investment; and no restrictions on scalping or expert advisors. However, the weak regulatory oversight and high leverage (up to 1:1000) pose significant risks that beginners may not be equipped to handle responsibly. The inactivity fee of $30 after 3 months could also negatively impact dormant accounts.

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