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ANZ -

Score

8.14 /10
Good

ANZ

Australia

Above 20 years

Regulated in Australia

Market Maker (MM)

Global Business

Medium potential risk

https://www.anz.com.au/personal

Influence

AAA

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Comparison

Quantity 4

Exposure

Time Machine
Website

Score

Regulatory Index8.11

Business Index9.23

Risk Management Index8.22

Software Index7.30

License Index8.11

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Australia and New Zealand Banking Group Limited

Company Abbreviation

ANZ

Platform registered country and region

Australia

Company website

X

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YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2025-06-03
  • The current information shows that this broker does not have a trading software. Please be aware!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Survey

Good

ANZ

Australia

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Data Source WikiFX Data provide
Updated: 2025-06-03
ANZ · Company summary
ANZ Review Summary
Founded1951
Registered Country/RegionAustralia
RegulationASIC
Products and ServicesPersonal, Business, and Institutional Banking Products (see summary below)
Demo Account❌
Trading PlatformANZ Plus App, ANZ App
Min DepositNo minimum deposit requirement stated
Customer SupportCall: 13 13 14 or +61 3 9683 9999

ANZ Information

ANZ, founded in 1951, is a well-established Australian bank regulated by ASIC. It provides full financial services to retail, commercial, and institutional clients. ANZ has great mobile banking apps, attractive savings rates, and straightforward fees. It doesn't support MT4/MT5 or demo/Islamic accounts.

ANZ Information

Pros and Cons

ProsCons
Regulated by ASICDoes not support trading platforms like MT4/MT5
No monthly account fees on key savings accountsNo demo account available
High interest rates up to 4.75% p.a. on select savings productsNo Islamic (swap-free) account option

Is ANZ Legit?

ANZ (Australia and New Zealand Banking Group Limited) is a legitimate and regulated financial institution, authorized by the Australian Securities and Investments Commission (ASIC). It holds a Market Maker (MM) license under license number 000234527, effective since October 1, 2003. This regulatory oversight ensures that ANZ operates in accordance with Australian financial laws and standards.

Is ANZ Legit?

Products and Services

ANZ offers a broad range of financial services across personal, business, and institutional banking. Its products include bank accounts, loans, credit cards, insurance, investment services, superannuation, foreign exchange, and customized banking solutions for both individuals and corporations.

CategoryProducts / Services
Personal BankingBank accounts, Credit cards, Home loans, Personal loans, Insurance
Superannuation & retirement, Travel & international, Ways to bank, Private banking
Intermediary deposits, Financial wellbeing tools, Security hub
Business BankingBusiness finance, Business credit cards, Business accounts, Payments solutions
Online business banking, Business hub, International business, Indigenous banking
Business cyber security
Institutional BankingIndustry solutions, Global insights (ANZ Insights & Research), Digital services
FX Online, Global network presence, Risk and rates advisory, Business cybersecurity
Products and Services

Account Types

ANZ has a great range of genuine accounts suited for various consumer needs, including daily banking, savings, term deposits, and investment cash flow management. They are not now promoting the availability of Islamic (swap-free) accounts or demo accounts.

Account TypeDescriptionSuitable For
ANZ PlusIncludes a spending account (ANZ Plus) and a savings account (ANZ Save)Everyday users and goal-based savers
ANZ Access AdvantageTransactional account with Visa Debit, PayID, and fee waiversGeneral public needing day-to-day banking
ANZ Online SaverHigh-interest savings with no minimum balance or feesSavers who want flexibility and no lock-ins
ANZ Progress SaverBonus interest for regular deposits with no withdrawalsGoal-based savers, including youth accounts
ANZ Access BasicBasic account for concession card holdersLow-income customers or welfare recipients
ANZ Pensioner AdvantageInterest-earning account for pensioners with Visa DebitRetired individuals receiving pensions
Migrant BankingAccounts for those newly arrived in AustraliaNew migrants needing local banking access
Premium Cash Management AccountInvestment-linked cash flow managementHigh-net-worth or investment-focused clients
ANZ Term Deposit (Advance Notice)Fixed-rate account with various term optionsInvestors seeking secure, predictable returns
Account Types

ANZ Fees

ANZs fees are generally low to moderate compared to industry standards. Interest rates vary depending on account type and conditions met. Most accounts like ANZ Save and ANZ Plus Flex Saver offer no monthly account fees and competitive interest rates up to 4.75% p.a.

Account TypeMonthly FeeInterest Rate (p.a.)Key Features
ANZ Plus$04.75% (standard + bonus)Everyday & savings account via app; bonus if balance grows $100+ monthly
ANZ Access Advantage$5 (may be waived)No interestVisa Debit Card, PayID payments, easy everyday use
ANZ Online Saver$01.15% (standard variable)No min. balance, no monthly fee
ANZ Progress Saver$03.75% (base 0.01% + bonus)Bonus if $10+ deposited & no withdrawals or fees in a calendar month
ANZ Fees

Non-Trading Fees

Fee TypeDetails
Deposit FeeFree (domestic deposits)
Withdrawal FeeDomestic: Free at major bank ATMsInternational: $5 (or free at ANZ ATMs overseas)
Inactivity FeeNone mentioned

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for What Kind of Traders
ANZ Plus App✔iOS, Android (Mobile)Everyday users focused on spending tracking and savings goals
ANZ App✔iOS, Android (Mobile)Customers managing traditional ANZ banking and investment accounts
MetaTrader (MT4/5)❌Not supportedNot suitable (no MT4/MT5 access)
Web/Desktop Terminal❌Not supportedNot applicable
Trading Platform

Deposit and Withdrawal

ANZ does not charge fees for most domestic deposits or withdrawals, and there is no stated minimum deposit requirement. However, certain international transactions may incur fees—such as a $5 international ATM withdrawal fee and up to $15 for inward international money transfers. Processing times are generally instant for digital wallet payments and bank transfers within Australia.

MethodMin. AmountFeesProcessing Time
Domestic Bank TransferNo minimumFreeInstant - 1 business day
ANZ ATM (Domestic)No minimumFreeInstant
International ATM WithdrawalNo minimum$5 or Free at ANZ ATMsInstant
Inward International TransferNo minimumUp to $15Varies by provider
Digital Wallets (Apple Pay, Google Pay, etc.)No minimumFreeInstant
Deposit and Withdrawal

User Reviews

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User comment

3

Comments

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FX1613483265
more than one year
ANZ Forex Trading has been a letdown. Whenever I hit a snag, it's like talking in circles with them. They reply fast but never really offer a solution—just vague promises all day. It's like they're saying, "Contact us for help," but it's just empty talk.
ANZ Forex Trading has been a letdown. Whenever I hit a snag, it's like talking in circles with them. They reply fast but never really offer a solution—just vague promises all day. It's like they're saying, "Contact us for help," but it's just empty talk.
Translate to English
2024-02-01 18:22
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rainbow.shr
more than one year
Using ANZ has been a bit of a learning curve for me. Once you get the hang of it, the platform becomes user-friendly. However, I've found short selling to be quite challenging. It's tough to figure out how much profit I'm making since I always start from a negative value whenever I enter the market.
Using ANZ has been a bit of a learning curve for me. Once you get the hang of it, the platform becomes user-friendly. However, I've found short selling to be quite challenging. It's tough to figure out how much profit I'm making since I always start from a negative value whenever I enter the market.
Translate to English
2024-01-09 18:18
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