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Alert! Offshore broker Anzo Capital attacks European consumers!

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AnzoFX a/k/a Anzo Capital is an offshore broker regulated in Belize by the International Financial Services Commission (IFSC). The broker offers trading in Forex, precious metals, and CFDs with leverage of up to 1:1000 to clients in Europe and worldwide (excluding Japan and the U.S.). AnzoFX is a part of the Australian Focus Markets Pty Ltd, which ASIC regulates. The broker is professionally managed with proper KYC procedures. Nevertheless, its offer is illegal in Europe and violates ESMA regulatory rules. Be very careful!

Key data

Trading namesAnzo Capital, Anzo Capital Group
AnzoFX, Focus Markets
Domainshttps://anzofx.com, https://anzocapital.com
www.focusmarkets.com
www.placeatrade.com,
Legal entitiesFocus Markets Pty Ltd
Focus Markets LLC,
Anzo Capital Limited (Belize)
Anzo Capital (SVG) LLC (SVG)
RegulatorsASIC (Focus Markets Pty Ltd)
IFSC (Anzo Capital Limited)

The narrative

In Australia, Anzo Capital Group is the trading name of Focus Markets Pty Ltd, regulated by ASIC with AFSL number is 514425. For its offshore activities, Anzo Capital works with Anzo Capital Limited in Belize, regulated by the International Financial Services Commission (IFSC). Two more offshore entities, Focus Markets LLC and Anzo Capital (SVG) LLC are stated on some of the websites as operators.

Regulation in Australia or Belize does not entitle Anzo Capital Group to offer regulated financial services in the ESMA regimes or the UK. In the ESMA regimes, brokers are allowed to offer a maximum leverage of 1:30 CFDs. Anzo Capital Group, however, offers its clients leverage of up to 1:1000.

On the positive side, we noted that no deposits are possible without full KYC with ID and residential address verification. However, this does not change the illegality of the offer in Europe.

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If you have any information about Anzo Capital Group a/k/a Focus Markets Group, please share it with us through our whistleblower system Whistle42.

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