Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

What is Anzo Capital？

Anzo Capital is an online broker founded in 2015 that offers margin trading in financial derivatives such as foreign exchange (FX), precious metals, and contracts for differences (CFDs) through the MT4 platform. Anzo Capital is currently authorized and regulated by the United Kingdom Financial Conduct Authority (UK FCA).

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Anzo Capital Alternative Brokers

There are many alternative brokers to Anzo Capital depending on the specific needs and preferences of the trader. Some popular options include:

• IG (IG Group) - IG is a well-established broker that offers a wide range of trading products, including forex, stocks, indices, commodities, and cryptocurrencies. They provide access to various trading platforms, including their proprietary platform and MetaTrader 4 (MT4). IG is regulated by multiple financial authorities, including the UK FCA.

• Pepperstone - Pepperstone is a popular broker known for its competitive pricing and fast execution. They offer a diverse range of trading instruments, including forex, indices, commodities, and cryptocurrencies. Pepperstone supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and provides various account types to cater to different trading needs. They are regulated by reputable authorities such as CYSEC (Cyprus) and FCA (UK).

• eToro - eToro is a social trading platform that combines trading with social networking features. They offer a unique copy trading feature, allowing users to automatically replicate the trades of successful traders. eToro provides access to various financial markets, including stocks, cryptocurrencies, commodities, and ETFs. They are regulated by authorities such as CySEC (Cyprus) and the FCA (UK).

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Anzo Capital Safe or a Scam？

Anzo Capital's regulation by the Financial Conduct Authority (FCA) in the UK and offshore regulation by the Financial Services Commission (FSC) suggests that the broker operates under certain regulatory oversight. The FCA and FSC are reputable financial regulatory authorities known for their rigorous standards and guidelines.

The separation of customers' funds and the company's funds into different bank accounts is a standard practice in the industry that enhances the safety of client funds. It helps to protect customers' funds in the event of any financial difficulties faced by the broker.

The claim of adhering to guidelines, including anti-money laundering policies, is also a positive sign. Compliance with these policies demonstrates a commitment to maintaining a secure and trustworthy trading environment.

Market Instruments

Anzo Capital provides a diverse range of market instruments to cater to the trading preferences of its clients. Traders have the opportunity to participate in the Forex market, where they can trade various currency pairs, taking advantage of currency fluctuations. Additionally, Anzo Capital offers precious metals such as gold and silver, allowing traders to speculate on their value in the market. Furthermore, the availability of Contract for Difference (CFD) trading allows clients to trade a wide range of financial instruments, including stock CFDs. This enables traders to engage in the price movements of popular stocks without owning the underlying assets.

Accounts

Anzo Capital offers a variety of account types to accommodate different trading needs. Traders have the option to choose from three account types: Personal Account, Joint Account, and Business Account. Each account type caters to individual traders, joint account holders, or businesses respectively. Furthermore, Anzo Capital provides two execution options for each account type: STP (Straight Through Processing) and ECN (Electronic Communication Network), allowing traders to choose the execution method that suits their trading style and preferences.

In terms of account funding, Anzo Capital maintains a minimum deposit requirement of $100 across all account types. This provides accessibility to traders with varying levels of capital, enabling them to get started with their trading activities.

Additionally, demo accounts are available for 30 days. Anzo Capital's demo account provides users with $100,000 in virtual funds, enabling them to experience the platform and test their trading strategies in a risk-free environment. This feature is particularly beneficial for beginners who want to gain hands-on experience and build confidence before transitioning to live trading.

Leverage

Anzo Capital provides leverage of up to 1:500 to its traders. Leverage is a tool that enables traders to amplify their trading positions by borrowing funds from the broker. With a leverage ratio of 1:500, traders have the potential to control larger positions in the market with a smaller amount of capital. This can be advantageous for experienced traders looking to maximize their potential returns.

However, it's important to note that while leverage can enhance profits, it also magnifies potential losses. Traders should exercise caution and have a thorough understanding of the risks involved in trading with high leverage. It is recommended to carefully manage risk, use appropriate risk management strategies, and consider one's trading experience and financial situation before utilizing high leverage ratios offered by brokers like Anzo Capital.

Spreads & Commissions

Floating spreads, the main spreads for STP accounts are: EUR/USD 1.8 pips, USD/JPY 2.0 pips, the GBP/USD 2.0 pips, AUD/USD 1.9 pips, gold 3.5 pips, and crude oil 3.5 pips. The main spreads for ECN accounts are EUR/USD from 0.0 pips, and gold 0.9 pips. The swap is automatically calculated by the MT4 platform at the end of each trading day, and the server starts calculating at 23:59. The swap on Wednesday is three times the usual. The latest swap quotes need to refer to the MT4 market quote window. However, the broker doesn't specify any info on commissions.

It's important for traders to consider spreads and commissions as part of their overall trading costs, along with factors like liquidity, execution speed, and additional fees. Evaluating the cost structure is crucial when choosing a trading account, as it can impact profitability and trading strategies. Traders should carefully review the details provided by Anzo Capital and assess how the spreads and commissions align with their trading preferences and goals.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that the spread values provided are indicative and may vary based on market conditions and account types. Additionally, commissions for some brokers may vary depending on factors such as trading volume and account type. It's always recommended to refer to the brokers' official websites or contact their customer support for the most accurate and up-to-date information regarding spreads and commissions.

Trading Platform

Anzo Capital offers a diverse range of trading platforms designed to cater to the varying needs and preferences of traders. With the MT4 Desktop platform, traders can enjoy a powerful and feature-rich trading experience right on their desktop computers. This platform provides access to an extensive range of financial instruments, advanced charting tools, customizable indicators, and one-click trading execution, allowing users to analyze the markets and execute trades efficiently.

For those who prefer the flexibility of web-based trading, Anzo Capital offers the MT4 Web platform. This platform enables traders to access their trading accounts from any web browser without the need for any software installation. Traders can benefit from the familiar interface of MetaTrader 4 (MT4), along with its comprehensive charting capabilities, a wide selection of technical indicators, and the ability to trade directly from the charts.

Furthermore, Anzo Capital recognizes the importance of mobile trading and provides the MT4 Mobile platform. This mobile application enables traders to access their accounts and trade on-the-go using their smartphones or tablets. With the MT4 Mobile platform, traders can monitor market movements in real-time, execute trades, manage positions, and access their trading history, all from the convenience of their mobile devices.

In summary, Anzo Capital's trading platforms, including the MT4 Desktop, MT4 Web, and MT4 Mobile, offer traders a comprehensive suite of tools and features to enhance their trading experience. Whether traders prefer the power of a desktop platform, the convenience of web-based trading, or the flexibility of mobile trading, Anzo Capital provides a solution to meet their needs.

See the trading platform comparison table below:

Deposits & Withdrawals

Anzo Capital only accepts deposits and withdrawals via online bank transfer. The accepted currency for these transactions is CNY (Chinese Yuan). To get started, traders are required to make a minimum deposit of 3,000 CNY, allowing them to fund their trading accounts and start participating in the markets. On the withdrawal side, the minimum amount that can be withdrawn is 150 USD. However, there is no maximum limit for withdrawals, giving traders the freedom to withdraw their profits or funds as desired. Anzo Capital does not charge any fees for deposits or withdrawals, allowing traders to manage their finances without additional costs.

Deposits can be processed at any time, 24 hours a day, seven days a week, in line with the GMT+8 time zone. Withdrawals, on the other hand, are processed on weekdays (Monday to Friday) between 9 am and 6:30 pm (GMT+8), ensuring timely and efficient processing of withdrawal requests.

Customer Service

Anzo Capital provides live chat and phone: +852 2592 5424 during business hours, Monday to Friday, from 7:30 am to 02:00 am (GMT+8).

Conclusion

In conclusion, Anzo Capital stands out as a regulated broker with extensive experience in the industry. Anzo Capital offers a wide range of trading instruments, allowing traders to diversify their portfolios and explore various markets. The competitive trading conditions, coupled with the renowned MetaTrader 4 (MT4) platform, provide traders with a powerful and reliable trading experience.

Frequently Asked Questions (FAQs)

Let's start here:

Doo Prime is a regulated broker offering 10,000+ popular trading products with spreads starting at 0.1 pips. The platform provides access to MT4, MT5, Doo Prime InTrade, TradingView, and copy trading. While it appears promising, let's dive deeper to assess if it truly meets its claims of providing an exceptional trading environment.

What is Doo Prime?

Doo Prime is a wholly-owned subsidiary of Doo Prime Holding Group, founded in 2014, headquartered in London, UK, with operations offices in Hong Kong, Taipei, Dallas, Kuala Lumpur, and Singapore.

Doo Prime offers a diverse selection of tradable assets, including forex, contracts for difference (CFDs), indices, and cryptocurrencies. Doo Prime offers different account types to suit individual preferences. Traders can commence their trading journey with a minimum deposit of $100.

In terms of leverage, Doo Prime offers flexibility with leverage options of up to 1:1000. The widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms provide an extensive range of analytical tools, indicators, and expert advisors for comprehensive market analysis and automated trading.

Is Doo Prime Legit?

Yes, Doo Prime is legally operating in different jurisditions, as it is subject to regulatory oversight from multiple regulatory authorities, FSA (Financial Services Authority) in Seychelles, FINRA (Financial Industry RegulatoryAuthority), LFSA (Labuan Financial Services Authority), VFSC (Vanuatu Financial Services Commission), and ASIC (Australia Securities & Investment Commission).

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	FSA	Doo Prime Vanuatu Limited	Retail Forex License	SD090
	FINRA	PETER ELISH INVESTMENTS SECURITIES	Financial Service	24409 / SEC: 8-41551
	LFSA	Doo Financial Labuan Limited	Straight Through Processing (STP)	MB/23/0108
	VFSC	Doo Prime Vanuatu Limited	Retail Forex License	700238
	ASIC	DOO FINANCIAL AUSTRALIA LIMITED	Investment Advisory License	222650

Doo Prime Seychelles Limited, its entity in Seychelles, is authorized and regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number SD090, holding a license for Retail Forex operation.

PETER ELISH INVESTMENTS SECURITIES, its entity in the United States, is authorized and regulated by the Financial Industry Regulatory Authority (FINRA) under regulatory license number 24409 / SEC: 8-41551, holding a license for Financial Service.

Doo Financial Labuan Limited, its entity in Malaysia, is authorized and regulated by the Labuan Financial Services Authority (LFSA) under regulatory license number MB/23/0108, holding a license for Straight Through Processing (STP).

Doo Prime Vanuatu Limited, its entity in Vanuatu, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under regulatory license number 70038, holding a license for retail forex operation as well.

DOO FINANCIAL AUSTRALIA LIMITED, its Australian entity, is authorized and regulated by the Australia Securities & Investment Commission (ASIC) under regulatory license number 222650, holidng a license for Investment Advisory Lincense.

Pros & Cons

Doo Prime offers over 10,000 popular tradable assets, and multiple trading platforms, providing flexibility and choice for traders. Furthermore, the availability of social trading features is proovided. However, traders should be mindful of the commission charged per trade and the limitations in terms of educational resources and account customization. Additionally, Doo Prime's promotional offerings may be limited.

Market Instruments

Trading Assets	Available
Securities
Futures
Forex
Precious Metals
Commodities
Stock Indices

Doo Prime offers a comprehensive range of market instruments to cater to the diverse trading needs of its clients. These instruments encompass a variety of asset classes, including securities, futures, forex, precious metals, commodities, and stock indices.

Doo Prime Minimum Deposit

To open a most basic account, that is Cent Account, $100 is required, same as its standard account requirement. However, $100 to open a cent account is a little bit sticky, compared to HTFX's $5 to open a cent account. Well, $100 to open a standard account is acceptable.

Here is a table to show Doo Prime's minimum deposit with other brokers:

Broker	Minimum Deposit
	$100
	$200
	$100
	$1

Account Types

Doo Prime offers three types of live trading accounts tailored for different trading needs:

Account Type	CENT	STP	ECN
Account Currency	USD
Minimum Deposit	$100	$100	$5,000
Spreads	High	Medium	Low
Free Demo
Expert Advisor
Hedging Positions
Order Execution	Market Execution

The Cent account is designed for those who are starting their trading journey or prefer to trade with smaller volumes. With a minimum deposit of $100, the Cent account provides accessibility to the markets without the availability of a demo account. Traders can gradually build their trading skills and experience while managing lower trade sizes.

For traders looking for a Standard account, Doo Prime offers an option with a minimum deposit of $100. This account type allows traders to access a wider range of trading opportunities. The Standard account also provides the advantage of a demo account, enabling traders to practice their strategies and familiarize themselves with the platform before engaging in live trading. This feature helps traders gain confidence and refine their trading approach.

Doo Prime also offers an ECN account, specifically designed for more experienced traders seeking direct market access and enhanced trading conditions. With a higher minimum deposit requirement of $5000, the ECN account provides access to deep liquidity and tight spreads. Similar to the Standard account, the ECN account also includes a demo account option, allowing traders to test and fine-tune their trading strategies in a risk-free environment.

Doo Prime Demo Account

Notably, Doo Prime restricts demo accounts to Standard and ECN account holders. Additionally, if clients don't log in to their demo accounts for over 60 days, those accounts become inactive.

Here are some easy steps for you to open a demo account:

Step 1:Visit Doo Prime – Official Website and click “Demo Account”on the top right corner.

Step 2: Account Registration: Simply enter your phone number and email on the registration interface, choose verification via email or phone, click “Send Verification Code,” set your password upon successful verification, and then agree to the terms before clicking “Submit Registration.”

Step 3: Add a demo account: In the Doo Prime User Center, go to the homepage and choose “Add Account” below the demo account section.

Step 4: Customize your demo account: You can add an account by selecting the “Creation method,” “Trading Platform,” “Basic Account Type,” “Account Currency,” “Leverage,” and specifying the “Deposit Amount.” Then, set your “Trading Password” and “Read-only Password” to complete the process.

Step 5: Demo account is sucessfully opened: Once registration is complete, users can access their personal mailbox to retrieve their demo account login details, which include the chosen “Trading Platform,” “Demo Account,” and “Server Name.”

To add your demo account funds, follow just two steps:

Step1: Within the Doo Prime User Center's Demo Account screen, simply click the gear icon located in the upper right corner.

Step 2: Input the desired deposit amount into the “Deposit” field, then confirm by clicking “Yes.”

Then, the added amount will be displayed in the demo account.

Leverage

Leverage, in the context of trading, refers to the ability to control a larger position in the market with a smaller amount of capital. Doo Prime offers leverage of up to 1:1000. This means that for every dollar of trading capital, traders can control a position up to 1000 times larger.

Leverage is a double-edged sword, whch means it has the potential to magnify both profits and losses. When used wisely, leverage can amplify trading gains and allow traders to capitalize on market opportunities with a smaller investment.

Spreads & Commissions

Doo Prime offers spreads starting from 1 pip with a commission of USD 10 per trade. Spreads represent the difference between the bid and ask price of a financial instrument, indicating the cost that traders incur when entering a trade. With spreads starting from 1 pip, Doo Prime provides a competitive pricing structure that may appeal to traders seeking cost-effective trading opportunities.

In addition to spreads, Doo Prime applies a commission of USD 10 per trade. The commission is a fixed fee charged on each trade executed by the trader. This transparent commission structure ensures clarity regarding the cost of trading, allowing traders to accurately assess the expenses associated with their transactions.

Trading Platforms

As for the trading platform, Doo Prime provides its clients with many options. There are public platforms such as tradingview, MT5 and MT4 that have served many clients worldwide, also Doo Prime's own platform Doo Prime InTrade. If you didn't want to spend time familiarizing yourself with a new platform, you could choose public platforms. But Doo Prime's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.

MetaTrader 5 (MT5): Doo Prime also supports the advanced MetaTrader 5 platform, which builds upon the features of MT4 and offers expanded functionalities. MT5 includes additional asset classes, improved charting tools, and enhanced order execution capabilities. Traders can access a more extensive range of analytical tools, utilize depth-of-market (DOM) functionality for more precise order placement, and benefit from advanced built-in indicators and graphical objects for comprehensive market analysis.

Doo Prime Intrade: Doo Prime introduces its proprietary trading platform, Doo Prime Intrade, designed specifically for its clients. This platform combines advanced charting features, intuitive navigation, and swift order execution. Traders can enjoy a seamless trading experience with access to real-time market data, customizable charting tools, and the ability to execute trades swiftly and efficiently.

TradingView: Doo Prime integrates with TradingView, a popular and powerful charting and social trading platform. TradingView offers an extensive range of technical analysis tools, customizable charting features, and the ability to follow and interact with other traders in the TradingView community.

Social Trading

Social trading, a feature provided by Doo Prime, revolutionizes the way traders engage in the financial markets by combining the power of technology and social interaction. In social trading, traders have the opportunity to observe and replicate the trading activities of experienced and successful traders.

Deposit & Withdrawal

Doo Prime offers multiple payment methods. The available payment channels, their supported payment currencies, deposit limits, and processing times are as follows:

• Local bank transfers, allowing traders to deposit funds from their local bank accounts directly into their Doo Prime trading account. For traders using pay4broker CNY, deposits ranging from 1000 to 6800 CNY can be made within a 30-minute processing time. Another option is OTCP4B CNY, which allows for larger deposits. Traders can deposit between 15000 and 200000 CNY with a processing time of approximately 30 minutes. Additionally, OTCP4B CNY offers a range of deposit amounts from 450 to 6800 CNY, with a processing time of 5 to 30 minutes.
• epay: Supports USD, HKD, GBP, EUR, AUD, THB, and AED as payment currencies. Deposits can be made within the range of $100 to $99,999, and the processing time is instant.
• Skrill: Accepts multiple payment currencies, including USD, HKD, GBP, EUR, CHF, AUD, CAD, AED, PLN, NZD, ZAR, SEK, DKK, TWD, KRW, SGD, NOK, and INR. Deposits can be made between $100 and $6,000, with instant processing.
• Fasapay: Supports USD and IDR as payment currencies. Deposits can be made within the range of $100 to $25,000, and the processing time is instant.
• HWGC: Accepts TWD as the payment currency. Deposits can be made within the range of $100 to $710,000, and the processing time is approximately 45 minutes.
• VISA, MASTERARD, APPLE PAY, GOOGLE PAY: Multiple payment currencies are supported, such as AED, AUD, BND, CAD, ZAR, VND, USD, TWD, THB, SEK, PLN, NZD, NOK, LAK, MMK, KHR, INR, HKD, GBP, EUR, DKK, CHF, and KRW. Deposits can be made between $100 and $6,500, with instant processing.
• VISA, MASTERARD, APPLE PAY, GOOGLE PAY, AMERICAN EXPRESS: Accepts KRW and THB as payment currencies. Deposits can be made within the range of $100 to $400, and the processing time is instant.
• Wire Transfer: Supports EUR, GBP, and USD as payment currencies. Deposits can be made within the range of $7,000 to $500,000, with a processing time of 2 to 5 working days.

Withdrawal

Doo Prime recommends a minimum withdrawal amount of USD 50, and it offers various withdrawal methods to accommodate the needs of its clients. For international wire transfers, withdrawals can be made in multiple currencies, including EUR, GBP, HKD, and USD. The processing time for international wire transfers is relatively quick, with funds typically being processed within one working day for withdrawal amounts up to USD 50,000. For withdrawal amounts ranging from USD 50,001 to 200,000, the processing time extends to two working days. Withdrawals of USD 200,001 to 1,000,000 require approximately five working days for processing, while withdrawals above USD 1,000,001 may take around six working days to complete.

For local bank transfers in CNY (Chinese Yuan) and VND (Vietnamese Dong), Doo Prime provides a good option for clients based in those respective regions. The processing time for local bank transfers may vary depending on the specific local banking systems. It is advisable to check with Doo Prime for the estimated processing time for local bank transfers in CNY and VND.

Educational Resources

Doo Prime offers access to renowned market analysis provider Trading Central, providing traders with research, technical analysis, and trading ideas across various financial markets.

Additionally, Doo Prime provides Virtual Private Server (VPS) services, which offer traders enhanced trading performance and uninterrupted connectivity.

User Exposure on WikiFX

On WikiFX website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Support

Below are the details about the customer service.

Languages: English, Chinese, Japanese, Korean, Spanish, Thai, Vietnamese.

Service Hours: 24/7

Contact Form

Email: en.support@dooprime.com

Phone: +44 11 3733 5199

Social media: Facebook, Instagram, LinkedIn, twitter

Conclusion

To wrap up, Doo Prime is a well-established brokerage firm with certain pros and downsides. Positively, reputable authorities' oversight of Doo Prime inspires confidence in its financial standards and investor protection.

However, even though Doo Prime has competitive spreads, traders should compare them to other brokers to get the best pricing. Without a Cent account demo account, new traders may have fewer chances to practise and learn the platform.

FAQs

Is Doo Prime legit?

Yes, Doo Prime is regulated by FSA (Offshore), FINRA, LFSA, VFSC (Offshore), and ASIC.

What is the minimum deposit required to open an account with Doo Prime?

The minimum deposit required to open an account with Doo Prime is $100.

What is the maximum leverage available at Doo Prime?

The maximum leverage offered by this broker is up to 1:1000.

What are the available trading platforms at Doo Prime?

MetaTrader 4 (MT4), MetaTrader 5 (MT5), Doo Prime Intrade, and TradingView.

What assets can be traded on Doo Prime?

Forex currency pairs, contracts for difference (CFDs) on various financial instruments, indices, and cryptocurrencies.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.