About Anshin
Overview
Anshin is a retail forex and CFD broker based in South Africa, having been founded on June 26, 2019. It operates under the official domain anshinfx.com and is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, holding a Derivatives Trading License (EP). The broker targets both novice and experienced traders by offering a range of account types with differing minimum deposit requirements and high leverage options.
Regulation and Licensing
Anshin is regulated by the FSCA, which is the primary financial regulator in South Africa. The broker holds a Derivatives Trading License (EP), authorizing it to offer leveraged trading products. This license provides a degree of oversight, though traders should note that FSCA regulation is not equivalent to top-tier jurisdictions like the FCA or ASIC. The regulator's presence offers some client protection, but the broker's risk score is assessed as Guarded (33/100), indicating caution is warranted.
Account Types
Anshin offers three main account types: Mini, STP (Standard), and ECN. The Mini account requires a minimum deposit of $50 and offers a maximum leverage of 1:2000, making it accessible for beginners with limited capital. The STP account has a higher minimum deposit of $200 and targets more advanced traders, while the ECN account requires at least $1,000 and is designed for professionals seeking direct market access and tighter spreads. All account types share the same maximum leverage of 1:2000.
Trading Instruments and Platforms
Anshin claims to provide over 100 trading instruments, including forex pairs, stock CFDs, indices, and commodities. The broker's website prominently displays major symbols such as EURUSD, GBPUSD, XAUUSD, and USDJPY. While no specific platform information was available in the known facts, the broker's emphasis on fast execution and low latency suggests the use of industry-standard platforms like MetaTrader 4 or 5, though this should be verified directly.
Suitability and Considerations
Anshin is suited for traders who prefer high leverage (up to 1:2000) and low entry barriers, particularly those in South Africa or regions that accept FSCA-regulated brokers. The Mini account is ideal for beginners testing strategies, while the ECN account caters to high-volume traders. However, the lack of independent user reviews and the Guarded risk score mean traders should conduct thorough due diligence, especially regarding withdrawal procedures and customer support reliability.
Overview compiled by FXCanary from regulatory records and public data. full Anshin review