We have already reviewed Anzo Capital in 2022. In doing so, we also drew attention to the retail broker's offshore activities, which were not cleanly regulated. Since then, things have changed at Anzo Capital. The FCA-regulated JJ Gard Group LLP has been renamed AnzoCapital LLP and is now part of the Anzo Capital Group. However, the FCA-regulated entity is not named as an operator on the websites. We have added Anzo Capital to our Orange Compliance list.
Until Aug 2021, the CySEC-regulated investment firm (CIF) Eightcap EU Ltd was called R Capital Solutions Ltd and was the owner and the operator of MXTrade until 2015. Then the broker was transferred to the infamous Lau Scheme in Belize. However! Now Eightcap operates the CySEC-approved domain www.eightcap.eu. Besides, as usual with many CySEC CIFs, offshore broker activities are conducted through www.eightcap.com and Eightcap Global Limited in the Bahamas.
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!
The Spanish regulator CNMV has issued a warning against the offshore broker Focus Markets LLC, St. Vincent & The Grenadine, d/b/a Place-a-Trade. While the website names this offshore entity as its owner and operator, the Client Agreement presents the ASIC-regulated Australian Focus Markets Pty Ltd as the contracting partner. In this Client Agreement, Eightcap is also named. The Focus Markets Group also operates the offshore broker schemes AnzoFX and AnzoCapital. Here is a research update.
The Spanish regulator CNMV issued seven new warnings against websites offering regulated financial products without permission. Some of the warned scams and their operators like the unauthorized offshore broker Focus Markets LLC d/b/a Place-a-Trade or the Immediate Edge fraud campaign we know and have issued warnings in the past. We will take a closer look at the other warnings and bring detailed reports soon. It is always interesting for our research team to compare the regulators’ findings with ours. Below is the list of new warnings.
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. 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!
Until Aug 2021, the CySEC-regulated investment firm (CIF) Eightcap EU Ltd was called R Capital Solutions Ltd and was the owner and the operator of MXTrade until 2015. Then the broker was transferred to the infamous Lau Scheme in Belize. However! Now Eightcap operates the CySEC approved domain www.eightcap.eu. Besides, as usual with many CySEC CIFs, offshore broker activities are conducted through www.eightcap.com and Eightcap Global Limited in the Bahamas.