ANZ Capitals Review
ANZ Capitals is an offshore established FX broker and CFDs provider. It advertises itself as the most secure and trusted broker in the market. Generous leverages are provided on the world-famous MetaTrader trading platform. A total of three trading accounts is provided. However, all of the above look proper, the broker is unregulated. In this ANZ Capitals review, we will share all the valuable information about this broker. Please make a note of this informative review.
About ANZ Capitals:
The three provided accounts are Beginner, Bronze, and Silver Accounts with minimum deposits of $250, $5000, and $25000, respectively. The leverage of 1:100 is provided on all three accounts. However, spreads are not mentioned on the official website.
To make this review impartial, we will cover the possible advantages of this broker. The broker ANZ Capitals provides its traders with a plethora of readable assets, including many foreign exchange currencies and CFDs on a variety of commodities, indexes, stocks, and cryptocurrencies like Bitcoin, Ethereum, Litecoin, Golem, NXT, Monero, Ripple, Zcash, and many more. The trading is facilitated on the world-famous and most trusted MetaTrader platform. MetaTrader has several advanced features like Expert Advice, Market Indicators, Automatic Trading, Multiple Account Support, and much more.
Now we will cover all the disadvantages of ANZ Capitals. Bulgarian company Vimaxo LTD owns the brand name ANZ Capitals. The official address mentioned on the official website United Kingdom-based. Nevertheless, the UK based forex brokers must be registered with the Financial Conduct Authority. Unfortunately, we could not found any registration of ANZ Capitals with FCA.
Another problem is that the provided MetaTrader platform is managed and operated by a third party called Trading Technologies LTD. The third-party provided platforms can be manipulated.
The official website does not have any terms and conditions, and it is another worrying sign. Terms and Conditions define the contractual correlation between a broker and its client.
ANZ Capitals has unusual withdrawal fees. Every withdrawal is charged with 6-7% of the transaction amount. Also, trading conditions are not fully disclosed. The spreads provided is not seen on the website, spreads are useful to calculate the cost of trading.
Is ANZ Capitals scam or legit?
The broker fakes its regulation, and the official address provided does not exist. Furthermore, the broker is situated in offshore and unregulated. A third party manages the provided trading platform. The ANZ Capitals is a potential Australian trading scam.