Wahed Invest vs Anzo Capital

Wahed Invest vs Anzo Capital Comparison Table 2023
Wahed Invest Review 2023 Anzo Capital Review 2023
3.1

Wahed Invest is #36 in our broker rankings.

3.9
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Wahed Invest is an ethical investment platform and robo-advisor aimed at Muslim investors. The firm is overseen by the Sharia Review Bureau, offering a range of stocks, ETFs, sukuk and gold. With a reasonable $100 minimum deposit and strong regulatory oversight, the firm has become an accessible option for over 200,000 investors.

Anzo Capital is an offshore broker that offers leveraged CFDs on 100+ instruments including forex, stocks, indices and metals. The MetaTrader 4 and MetaTrader 5 platforms are supported, and traders can choose between an STP account with spreads starting from 1.4 pips and zero commission, or an ECN account with a $4 round-turn commission and spreads from zero. A decent range of payment methods are accepted, including crypto deposits.

Bonus Offer
Welcome Bonus Up To $500
Comment by Reviewer
"Wahed Invest is a great option for Muslim traders looking to invest in ethical securities with straightforward pricing and flexible risk parameters." "Anzo Capital will suit traders looking for highly leveraged CFDs with the flexibility to choose between STP and ECN accounts."
Pros
  • Commitment to ethical investing with rigorous screenings, plus Waqf practices to ensure income generated from assets is donated
  • The broker's fee covers all custodian fees and transaction fees and traders are never charged for account balances of zero
  • Strong regulation by the SEC in the US and the FCA in the UK, plus membership with the Shariah Review Bureau
  • Six flexible investment portfolio styles, from Very Conservative to Very Aggressive, plus a rebalancing service
  • Engaging blog featuring Islamic finance education and awareness, updated regularly
  • Spreads as low as zero pips on forex, oil and silver
  • Tier 1 liquidity providers including Goldman Sachs and HSBC
  • Good range of payment methods including cryptocurrencies
  • Multi-account manager (MAM)
  • A low minimum deposit of $100
  • Several languages supported
  • MetaTrader 4 platform
  • Copy trading solution
  • VPS service
  • Demo profile
Cons
  • Platform is not as advanced as other competitors
  • Higher fees than other investment firms
  • Bank card funding not available
  • $100 minimum withdrawal
  • No live chat support
  • Inactivity fees
  • Limited asset range
  • Not available in the US
  • Week regulatory oversight
Instruments
Stocks, Sukuk, Gold Stocks, CFD, Forex
Demo Account
No Yes
Minimum Deposit
$100 $100
Trading Platforms
  • Own
  • MT4
  • MT5
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
SEC, SRB FSC
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Robo-advisor Myfxbook AutoTrade plus Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Copy trading is available through the popular third-party platform, Myfxbook. There is a $1000 minimum deposit for Anzo Capital clients and a $12 commission per lot round turn.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15
Islamic Account
Yes No
Account Currencies
  • USD
  • GBP
  • MYR
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Anzo Capital clients can use MetaTrader 4 and MetaTrader 5 to trade CFDs on stocks, equity indices, crude oil and precious metals with competitive price levels.
Leverage
1:1000
FTSE Spread
1.1
GBPUSD Spread
0.3
Oil Spread
0.0
Stocks Spread
N/A
Forex Trading
Forex trading not offered Anzo Capital offers 45+ forex pairs including majors, minors and exotics with fast execution and spreads starting from zero. High leverage up to 1:500 is available with a margin call at 80% and a stop out level at 50%.
GBPUSD Spread
0.3 pips
EURUSD Spread
0.0 pips
EURGBP Spread
0.3 pips
Assets
45
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