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Spreadco , Anzo Capital Broker Comparison

Do you want to know which is the better broker between Spreadco and Anzo Capital ?

In the table below, you can compare the features of Spreadco , Anzo Capital side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
7.09
Regulated
No guarantee
--
15-20 years
FCA
Not supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
shares, commodities, forex, cryptocurrencies
--
--
--
--
--
--
--
6.92
Regulated
No guarantee
--
--
5-10 years
FCA,ASIC
Supported
Supported
Wire Transfer,Neteller,Skrill
AA
AAA
261.2
78
78
78
1657
952
1657
AA
--
6
-1
6
A

EURUSD:15.5

XAUUSD:29.45

A

EURUSD: -6.35 ~ 2.66

XAUUSD: -36.21 ~ 21.35

AA
0.1
9.9
Currency pairs, precious metals, energy, indices, US and HK stocks
--
1:500
From 1.4
50.00
Floating
0.01
--

Score
Regulatory Status
Regulated
Regulated

Anzo Capital BrokerRelevant information

Spreadco 、 Anzo Capital BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of spreadco, anzo-capital lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

spreadco
Registered Country/Region United Kingdom
Regulation FCA
Minimum Deposit $200
Maximum Leverage 1:30
Minimum Spreads 0.8 pips on the EUR/USD pair
Trading Platform Web Platform, Mobile Apps
Demo Account Yes
Trading Assets Forex, Equities, Commodities, ETFs, Indices
Payment Methods Bank wire transferDebit and credit cardSkrill
Customer Support 5/24, Email, Phone

General Information & Regulation

Spread Co Limited is a limited liability company registered in England and Wales with its registered office at 22 Bruton Street, London W1J 6QE. Company No. 05614477. Spread Co is an online spread betting and CFD broker specialising in forex, commodities, equities and indices. Spread Co Limited is authorised and regulated by the Financial Conduct Authority with regulatory license no. 446677.

Market Instruments

With a Spread Co account, investors can trade on a wide range of global markets, from major indices and global equities to foreign exchange currency pairs, commodities, crude oil, precious metals, and bitcoin, to meet a wide range of investment needs.

Account Types

Spread Co has two different types of accounts, the spread trading account and the CFD account. Minimum deposits depend on account types. To open a spread trading account, traders are required a minimum initial deposit of £200 and £250 for a CFD account.

Demo Account

Spread Co does offer a demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Spread Co demo account does not have a specific expiry date. Some features of the Spread Co demo accounts include the following:

  • Practice trading with £25,000 virtual funds

  • Develope you strategies with no risk

  • Learn how risk management tools work

demo-account

Leverage

Leverage level offered by Spread Co do depends on the regulatory requirement you trading with and the brokerage operates. This applies due to various safety measures applied to eliminate the risks involved while trading, specially for retail traders.

With Spread Co, LverageTrading leverage vary by different instruments:

  • 1:30 for Forex currency pairs,

  • 1:10 for commodities

  • 1:20 for indices

  • 1:5 for enquities

Spreads & Commissions

Spread Co offers commission-free trading, and the broker only takes its cut from the spread. EURUSD spreads start from 0.8 pips, 4 pips for US Crude Oil, 4 pips for Gold, and 40 pips for Bitcoin/USD.

There are no other fee indicated for Spread Co, but traders are advised to verified fees pertainning to the following:

  • Account maintenance and management

  • Inactivity fees and Conversion fees

Trading Platforms

What Spread Co offers traders is not the MT4 trading platform, which is currently the most popular one, but its in-house developed online trading platform. This online trading platform requires no download and allows traders to customize their trading experience for experienced traders and novice traders. Anyway, lack of widely used MT4 & MT5 trading platforms really a drawback for such a big broker.

Deposit and Withdrawal of Spread Co

Spread Co allows traders to deposit and withdraw funds from their investment accounts via the following methods:

  • Credit Card;

  • UK Credit Card;

  • Bank Transfer;

  • Skrill

Spread Co does not charge traders any fees for withdrawals or deposits . Spread Co has no limit to how much you can fund via the platform, but the maximum amount which it can accept for your first payment is GBP500 via the phone. Successfully authorized payments will be available immediately.

Spread Co suppports the following deposit currencies when deposits and withdrawals are made to end from the trading account: GBP, USD, EUR.

Customer Support

Customer services are available in several options: email, whatapp, Live chat, and telephone.

Here are some contact details:

Telephone: 0800 078 9398

Email: info@spreadco.com

Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, and Youtube.

Educational Resources

Spread Co provides clients support through relationship managers that provide assistance as well as providing eucation. The broker provides educational library with multiple guides and video updates along with the market overview, platform, news and economic calendars.

educational-resources

Pros & Cons

Pros Cons
FCA-regulated Additional non-trading fees
Competitive trading conditions Limited product portfolios
7/24 customer support No Ilslamic account provided
Demo accounts available Withdrawal fees are charged
No deposit fees Conservative leverage
Commission-free CFD trading

Frequently Asked Questions

Is Spread Co legal ?

Yes, Spread Co is a legal broker that adheres to rules and regulations stipulated by the FCA.

Does Spread Co offer a demo account?

Yes, Spread Co does offer a demo account that is valid for 2 weeks.

What is the maximum trading leverage offered by Spread Co?

The maximum trading leverage offered by Spread Co is up to 1:30.

What are the deposit and withdrawal methods supported by Spread Co ?

Payment methods supported by Spread Co include Bank Wire Transfer, Credit/Debit Cards, Skrill.

What is the overall rating for Spread Co ?

The overall rating for Spread Co is 7.06/10 based on its License Index, Business Index, Risk Management Index, Software Index and Regulatory Index.

anzo-capital
Anzo Capital Review Summary
Founded2015
Registered Country/RegionUnited Kingdom
RegulationFCA, ASIC
Market InstrumentsForex pairs, Commodities and CFDs
Demo Account(30 days with $100,000 in virtual funds)
Leverage1:1000
SpreadFloating
Trading PlatformMT4/5
Min Deposit$100
Customer SupportLive chat
Regional RestrictionsUS, Japan

Founded in 2015, Anzo Capital is a financial brokerage registered in the United Kingdom. It offers access to a wide range of products, including forex pairs, commodities, and CFDs. The company provides risk-free demo accounts and two types of live accounts with a minimum deposit requirement of $100 and a maximum leverage ratio of 1:1000. Additionally, Anzo Capital holds regulatory licenses from the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Anzo Capital's homepage

Pros and Cons

ProsCons
Regulated by FCA and ASICSingle payment option
Various trading choicesUS and Japan clients are not accepted
Demo accounts
Commission-free accounts offered
MT4 and MT5 platforms
No fees for deposits and withdrawals
Live chat support

Is Anzo Capital Legit?

Yes, Anzo Capital is a legitimate broker holding two regulatory licenses. It possesses a Financial Services license issued by the Financial Conduct Authority (FCA) with the number 739550. Additionally, it holds a Financial Services license issued by the Australian Securities & Investments Commission (ASIC) numbered 362215.

Regulated CountryCurrent StatusRegulated AuthorityRegulated EntityLicense TypeLicense Number
UK
RegulatedFinancial Conduct Authority (FCA)ANZOGLOBAL LLPFinancial Service739550
Regulated by FCA
Regulated CountryCurrent StatusRegulated AuthorityRegulated EntityLicense TypeLicense Number
RegulatedAustralia Securities & Investment Commission (ASIC)ANZO CAPITAL (AUST) PTY LTDFinancial Service362215
Regulated by ASIC

What Can I Trade on Anzo Capital?

On Anzo Capital, you can access these tradable instruments: Forex pairs (AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, ...), precious metals (gold, silver, ...), Crude Oil CFDs (WTI Crude Oil Spot and Brent Crude Oil Spot), Index CFDs (Australian ASX200 Index, Dow Jones Industrial Average, Euro STOXX 50 Index, FTSE 100 Index, ...), and Stock CFDs (AIA Group Ltd -1299.HK, Alibaba Group Holding Ltd - BABA, Alphabet Inc - GOOGL/GOOG-A).

Tradable InstrumentsSupported
Forex
Precious metals
Crude oil CFDs
Index CFDs
Stock CFDs
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Anzo Capital?

Account Type

Anzo Capital offers two types of live accounts: ECN and STP. Both accounts have a minimum deposit requirement of $100and a maximum leverage of 1:1000.

Additionally, Anzo Capital provides a demo account, which offers a certain amount of virtual funds for free, allowing you to adapt to the investment market and reduce risks when making real investments.

Account comparison

How to Open an Account on Anzo Capital?

The procedures to open an account on Anzo Capital are not easy. You need to complete the following steps.

Step 1: First, you need to enter your personal information, including your name, email, phone number, and set a password.

Step 2: Then, you need to provide some additional information and configure your account by selecting your preferred account type, leverage, trading account currency, and trading platform, and setting a transaction password.

Step 3: Finally, you need to verify your identity by uploading a copy of your Chinese ID card.

Fill in required info
Choose trading platform

Leverage

The maximum leverage offered by Anzo Capital is limited to 1:1000 for both account types, which is considered quite high and poses a significant risk. However, when registering your account, you can choose a suitable leverage level, with the minimum being as low as 1:10.

Spread and Commission

The spreads are influenced by market conditions, so the spreads offered by Anzo Capital are floating for both account types. However, in terms of commissions, the STP account is free, whereas the ECN account charges $4 or an equivalent amount.

Account TypeSpreadCommission
STPFloating
ECN$4 or equivalent

Trading Platform

On its website, Anzo Capital primarily displays information related to the MT4 platform, offering it in various versions such as desktop, web, and mobile. However, upon registering an account, we discovered that there is also an option to select MT5 as the trading platform. Therefore, at Anzo Capital, you have the choice to enjoy the benefits of two of the world's leading trading platforms.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4Web and MobileBeginners
MT5Web and MobileExperienced traders
MT4

Deposit and Withdrawal

There is only one way to make a deposit and withdrawal on Anzo Capital, which is through bank transfer, and they only accept CNY.

The minimum deposit amount is 3,000 CNY, and the minimum withdrawal amount is $150.

Fortunately, they do not charge fees for deposits and withdrawals.

Deposit and Withdrawal

Are the transaction costs and expenses of spreadco, anzo-capital lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive spreadco and anzo-capital are, we first considered common fees for standard accounts. On spreadco, the average spread for the EUR/USD currency pair is -- pips, while on anzo-capital the spread is From 1.4.

Which broker between spreadco, anzo-capital is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

spreadco is regulated by FCA. anzo-capital is regulated by FCA,ASIC.

Which broker between spreadco, anzo-capital provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

spreadco provides trading platform including CFD Account,Spread betting account and trading variety including shares, commodities, forex, cryptocurrencies. anzo-capital provides trading platform including STP,ECN and trading variety including Currency pairs, precious metals, energy, indices, US and HK stocks.

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