Originally Syndicated on June 5, 2024 @ 9:16 am
It is clear from the material at hand that China national Chunzhi Fang holds executive responsibility over AnzoCapital LLP, a company that is under the Financial Conduct responsibility’s jurisdiction.
According to the sources, it’s unclear how much influence he has over the entire Anzo Capital Group. Andrew Michael Wood’s LinkedIn page states that he works for Australian AETOS Capital Company as both a compliance director and officer.
Operating in Australia, Anzo Capital Group is authorized by the Australian Securities and Investments Commission to act as an Australian Financial Services Agent for Focus Markets Pty Ltd, a brokerage firm that is properly regulated and has license number 514425.
It was noted that Anzo Capital had undergone deregistration based on the data supplied by the ASIC registration.
Anzo Capital has been operating under the same name as AnzoCapital LLP, a regulatory body, since July 2023. The Financial Conduct Authority (FCA) has control over the company.
Currently operating under its new name, the firm was formerly known as JJ Gard Group, a limited liability company.
Three entities—JJG Holding Ltd., Min Tai Consulting Lts., and XYJ Global Investment Limited—are the founding members of AnzoCapital LLP. While the final entity is established in the British Virgin Islands, the first two entities are registered in the Seychelles.
Under the supervision of the International Financial Services Commission, Anzo Capital Limited in Belize and Anzo Capital Ltd in St. Vincent and the Grenadines are two international business ventures of Chunzhi Fang’s Anzo Capital.
Verification of Compliance
According to the reports, there were no issues with the registration process as residents of the European Economic Area and other countries using the offshore version of Anzo Capital.
However, it is imperative to recognize that this offshore variation is managed by the offshore businesses that operate in Belize & SVG, as documented on the http://www.anzocapital.com website.
It is important to note that these companies lack the regulatory authorizations necessary to provide financial services under ESMA laws.
While residents of the European Economic Area were formerly permitted to create accounts with a leverage ratio of 1:1000, it is important to note that ordinary investors are subject to a maximum leverage ratio of 1:30 in both EEA jurisdictions and other Western countries.
The inability to make a pre-KYC deposit ensures that the Anzo Capital team thoroughly reviews all necessary documentation, which is one noteworthy advantage.
Sadly, discrepancies in the documents we turned in and the data collected while traveling abroad have prevented our identities from being activated.
It is important to note that the website http://www.anzoglobal.com, which is under investigation by UK regulators and is listed in the FCA Financial Registry, did not seem to be reachable.
It also creates challenges for the classification of websites that are within FCA jurisdiction.
Anzo Capital will be added to our list of organizations that require close supervision because of possible compliance issues, as a result of those results.
Customer Feedback: Anzo Capital by Chunzhi Fang
- For the past two months, Anzo Capital has not granted the withdrawal request that was submitted!
The customer states that his withdrawal request to Anzo Capital, owned by Chunzhi Fang, has not been approved for the past two months. The ongoing request for further documentation is intended to slow down the process’s advancement.
He has given them all the knowledge they need and more. Their response rate to my emails is quite low. If one wishes to protect himself from losing money, they should not deposit.
- The scam that is Anzo Capital!
According to a customer’s review, Chunzhi Fang’s Anzo Capital has been accused of fraudulent activities since it has been slow to execute my withdrawal request and has unjustifiably lowered my profits by giving me nonsensical justifications.
If one wishes to protect themselves from losing money, they should not make any deposits. It is best to avoid making any deals with anyone.
The customer stated that he has worked for this company since November as an Investment Banker (IB) and dealer. He has been trying to start the process of taking his money out for more than three months, but he keeps getting the runaround from the appropriate parties.
Due to these delays, requests for audio recordings and other records have been made, to which I and his clients have dutifully responded.
After three months, both our MetaTrader account and our administrative account were closed by Chunzhi Fang’s Anzo Capital. As of right now, he has not received a response to his email conversation.
The client states that he believes he has been the victim of fraud, and that Anzo Capital has taken our money without authorization.
- People who are involved in dishonest practices!
The client is upset because the team has been working together with the company for almost six months, during which time the clients have carried out numerous transactions of all sizes.
However, even after the company requested numerous documents and videos, the client had trouble withdrawing the riches they had amassed.
Any cumulative gains cannot be used to retrieve the capital contributed to the business, including the original capital contributions. We are trying to keep our relationship positive, however, they are unable to communicate effectively with the firm in question.
It is highly recommended that you do not do any business with this specific corporation since it is completely bogus.
Because of the fraudulent character of this particular firm, it is strongly suggested not to do business with them.
- Beware of Deceitful Companies!
The customers have voiced their displeasure with the business’s onerous record-keeping or confirmation procedures about their withdrawal request. The company fulfilled all the requirements, but instead of releasing the money, they kept the customer’s money.
In addition, the customers had trouble logging into the business portal and found that their accounts had been erased.
As a result of these encounters, accusations of insecurity and dishonest behavior have been linked to Anzo Capital. It is advisable to proceed with caution if you plan to do business with this particular company.
About Chunzhi Fang’s Anzo Capital
As a foreign currency broker that is governed, Anzo Capital Limited is supervised by the International Financial Services Commission (IFSC). Find the best reviews of Forex brokers, please. Chunzhi Fang is in charge of the company’s whole management team. You can click on the following link to find out more about the company: Chunzhi Fang
The Bottom Line
In the Australian financial services industry, Anzo Capital Group acts as a valid representative of Focus Markets Pty Ltd, an ASIC-licensed broker with license number 514425.
Anzo Capital has been found to have undergone deregistration, based on the ASIC registry. The information presented raises questions about the reliability and compliance of Anzo Capital in the Australian market. If you want to learn more about Chunzhi Fang, click this link: Chunzhi Fang
