IronFX vs Anzo Capital - Fees Review included
Which broker is better IronFX or Anzo Capital? Our expert assessment conducted according to TU’s own methodology showed that IronFX is one of the top brokers in the financial market with the TU Overall Score of 7.64 out of 10. Anzo Capital is one of the top brokers in the financial market with the TU Overall Score of 4.03 out of 10. Find out more about TU Overall Score.
| Feature | IronFX | Anzo Capital |
|---|---|---|
Overall |
3.5 |
3.0 |
2.1 |
1.9 |
|
2.9 |
3.5 |
|
4.2 |
2.6 |
|
Investment Instruments |
4.6 |
2.8 |
Platforms and Charting Tools |
4.4 |
3.9 |
Deposit and Withdrawal |
3.7 |
2.6 |
Research |
3.9 |
3.3 |
Education |
4.7 |
4.0 |
Support |
3.9 |
2.7 |
Bonuses |
4.8 |
2.3 |
|
|
IronFX vs Anzo Capital: Pros and Cons
The IronFX broker has been serving clients globally for over 10 years. It offers terms for both active and passive income. The company is registered in Bermuda, and there are no regulatory bodies and no licenses. During its tenure, the broker has received over 30 awards but doesn’t provide data on nominations. When asked about regulation, the broker's support service says that there are several licenses, including the permits of the CySEC (Cyprus) and FCA (Great Britain) regulators. Indeed, a detailed analysis reveals inconsistencies, which are described in more detail in the "Security and protection for clients of IronFX " section. Please note, that the absence of a license means that there is no protection against a broker not fulfilling its obligations and that there is no guarantee of protecting the interests of investors.
Anzo Capital Limited is a prospering company regulated by the International Financial Services Commission (IFSC) of Belize, registration No. IFSC/60/482/TS/19. Here at Anzo Capital Limited customer funds are held in segregated bank accounts, i.e. they are fully separated from the company funds. Such technology guarantees full security of the clients' finances
| IronFX | Anzo Capital | |
|---|---|---|
| Overall Pros | wide range of trading assets | Good Toolkit for Algorithmic Trading: MQL5 Signals, Automated Trading with MyFxBook Tools |
| variety of bonus programs and promotions | Narrow real spread without requotes and slippage. Slippages are allowed for a maximum of 1% of orders, 50% of which are slippages in favor of the trader | |
| Budget price for renting a VPS server for each client | ||
| Strong analytical base | ||
| Overall Cons | Poor regulation | With an available replenishment using Visa / Mastercard, a withdrawal by this method (according to the site data) is not expected |
| the information published on the site is incomplete | ||
| there are frequent slippages | ||
| periodic delay in withdrawing funds | ||
| High spreads and ECN trading fees |
IronFX vs Anzo Capital: Safety and Regulation
| Regulated By: | IronFX | Anzo Capital |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
Bermuda - registration number 51491 |
IFSC (Belize) |
IronFX vs Anzo Capital: Trading Conditions
| Trading Conditions | IronFX | Anzo Capital |
|---|---|---|
Minimum Deposit |
$50 |
STP - $100, ECN - $500 |
Trading Platforms |
MetaTrader 4, WebTrader |
МТ4 |
Max Leverage (Futures) |
1-1000 |
1-500, 1-1000 |
Supported Markets |
Currency pairs, stocks, metals, indices, futures, commodities, and cryptocurrencies |
Forex, Metalls, Energies, Indices, Shares |
Trading assets |
300+ |
50+ |
Trading Accounts |
Micro, Premium, VIP, Zero Fixed, No commission, Zero Spread, Absolute Zero, demo account |
STP, ECN |
Base Account Currencies |
USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK JPY, BTC, PLN, and CZK |
EUR, USD |
IronFX vs Anzo Capital: Fees
Forex Trading Fees
| Fee | IronFX | Anzo Capital |
|---|---|---|
Standard Account EURUSD Average Spread |
1.8 pips |
From 1.8 Pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Zero Spread account - $13.5/Lot |
$7 per lot |
ECN Account EUR Average Spread |
0.0 pips |
From 0.1 pips |
CFD Trading Fees
| Fee | IronFX | Anzo Capital |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | IronFX | Anzo Capital |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No (Bank Transfer - Withdrawal of USD/EUR 3,000 and above Anzo will bear transmitting bank’s charges) |
Inactivity Fee |
3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IronFX vs Anzo Capital: Trading Assets
| Asset Name | IronFX | Anzo Capital |
|---|---|---|
Overall |
300+ |
50+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
IronFX or Anzo Capital: Investment Programs
| Asset Name | IronFX | Anzo Capital |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Anzo Capital or IronFX
| IronFX | Anzo Capital | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
IronFX vs Anzo Capital: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | IronFX | Anzo Capital |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
no |
No |
IronFX vs Anzo Capital: Research
| Research Type | IronFX | Anzo Capital |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
IronFX vs Anzo Capital: Education
| Education Type | IronFX | Anzo Capital |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Anzo Capital vs IronFX: Support
| Support Features | IronFX | Anzo Capital |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
Yes |
Other |
No |
Social Media |
IronFX vs Anzo Capital: Forex Bonuses and Promo
| Promo | IronFX | Anzo Capital |
|---|---|---|
Forex Bonus |
"100% Unlimited Sharing Bonus" The "40% Power Bonus up to $4,000" "20% Iron Bonus up to $2,000" |
Welcome Bonus |
Affiliate Program |
“Introducing Broker” (IB). Opening a personal account as a broker's representative gives you an advantage in the form of extra bonuses, contests, more favorable trading terms, and rebates. |
Money Manager, Introducing Broker |
Other Promos |
||
|
|
Top 5 Reviews on Anzo Capital
-
Comment
I quite actively trade through Anzo Capital. I like that their mobile platform works quite well. This is very useful for me, since I often trade on the move. Conditions here are average, but they suit me.
-
Comment
I have recommended this broker to more than one person to open an account. It's anything but a broker. normal trading will not work here, guys, alas! The terminal is set up so that you can only merge!
-
Comment
What is support for? They say that payments will be made every other day, as a result of payments in 2 weeks. Non-serious company!
-
Comment
I first heard about Anzo Capital from my friend, who has been successfully trading currencies for a long time. It became interesting what this broker could offer, so I opened a demo first, and then an STP account. Anzo Capital has medium spreads, high leverage and good execution speed. The broker also gave me a welcome bonus. It is unlikely that a beginner will master the conditions of his development, but for me this did not become a problem. The bonus was not withdrawn, but used in trading. Still, Anzo Capital does not have cent accounts, so bonus funds came in handy. I have already withdrawn the first $300 through Skrill without any problems or delays. It is possible that in the future I will even risk trading with ECN, but I will not rush.
-
Comment
I am an independent trader, I have trading experience, but I have flown by with a broker ... And this is not my first broker, but something like that ... It turned out that it is impossible to trade normally here, a very high level of slippage, orders are executed with a delay, stops knock down, etc. There are also problems with the withdrawal, they are delaying. Support takes a long time to answer. I will give a rating 2 out of 5 points I do not recommend it.
Top 5 Reviews on IronFX
-
Comment
I would like to leave a review of ironfx. This company makes me happy! I’ve been working with them for six months now. It is profitable to do business with them! It’s hard to find such good conditions! Trading has already brought me $2,400. I withdraw it without delays. The user account is very convenient. The broker is priceless!
-
Comment
I've been piping for 5 months with this company. I can note that trades have never been canceled. And in general, IronFX does not interfere with trading. There were no problems with withdrawals. It’s an ordinary normal company, I didn’t find anything critical in it. Trading conditions correspond to the market.
-
Comment
I’ve been trading with Iron FX for a while now and have had no problems so far. Among the advantages are good performance and a good personal manager. I’m trading here with a small deposit, but I think that there won’t be any problems and I’ll deposit a decent amount to earn more.
-
Comment
I've been trading with ironfx for almost a year now. Summing up, I would like to express my gratitude to the company’s managers for their responsiveness, and to the company as a whole for offering good conditions and supporting its clients! Don't stop, go forward, and I'm with you.) Good luck!
-
Comment
I started trading with IronFX on the account for novice traders. A small deposit allows you to open trades with a volume that reduces the risk of losses. But trading is real. That is, you trade and learn at the same time. So far, I have had no complaints against the broker regarding trading. I plan to withdraw my funds later.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.