10 Best
Forex Trading Platforms and Brokers in
Angola

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the stock
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Forex trading has seen a massive growth in popularity across Africa in recent years with the retail market growing from US$ 14 billion in 2013 to US$ 21 billion in 2016 in South Africa alone.  Nigeria and South Africa are the two largest African markets, but Kenya, Tanzania, Rwanda, Botswana, Namibia and Angola have all seen a massive surge in interest from the public.  Finding the best brokerage firm as an Angolan can be a complicated process, especially for Angolan traders looking to invest in their own currency, the Angolan kwanza.

In this article our inhouse experts have listed the best trading sites that will allow Angolan traders to trade¬†Stocks,¬†Indices,¬†Binary Options,¬†CDFs,¬†ETFs,¬†Forex¬†and some cryptocurrencies including¬†Bitcoin¬†and¬†Ethereum.¬† The Angolan Kwanza (AOA) is the currency used in Angola. The Kwanza was introduced in 1999, replacing the “Kwanza Reajustado” (AOK).¬† AOA is subdivided into coin denominations of 100 centimos, and is denoted by the symbol Kz.

What Is Forex?

Forex or Foreign exchange or abbreviated to FX, is the global trading market for world currencies. Traders, investors, banks and exchanges buy, sell and speculate on these currencies.

How Does Forex Trading Work?

To trade forex is to buy and sell currencies with the end goal of making a profit. Forex trading will at all times involve two currencies, the base currency and the quote currency. The difference in price is where a trader makes a profit or loss.

Is Forex Trading Risky?

Any trade run side by side with risk and it is very important for traders to always keep this in mind, but it can also create some great profits. We always suggest that traders start by trading on a demo account. Once a trader is ready for a live account, they should always fully consider the risks involved.

We have written a comprehensive guide on both brokers and platforms alike to help traders in the journey of finding the best reputable Angolan Brokers which suits their individual trading needs.

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

The Best Forex Trading Platforms and Brokers in Angola

fx pro

FXPro

FXPro is an online broker which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies trading.  FXPro is a global broker and has a head office located in the UK.

FXPro provide traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of $100.

What can be traded with FXPro?

  • Over 250 instruments
  • Over 70 currency pairs

FXPro is one of the few brokers in the market who offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.

FXPro Trading benefits include:

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection

FXPro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)

With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument and the broker offers support in a very wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese.

Forex Time (FXTM)

Forex Time (FXTM)

Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.

Forex Time (FXTM) User Likes and Dislikes:

Likes

Dislikes

Provides multiple execution methods by account type

Leverage caps and margin restrictions on ECN accounts

Regulated in several jurisdictions, including outside the EU

Certain range of markets segmented across account types

Offers Cryptocurrency CFDs

On ECN accounts, stop and limit levels can be added only post execution

FXTM Invest for auto trading

Low max order size of 30 standard lots per trade

Is FXTM Safe?

FXTM is considered average-risk and is not publicly traded and does not operate a bank. FXTM is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust).

Commissions & Fees

FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary.  Three accounts are offered under the Standard category.

Customer Service

  • Average Connection Time:¬†<1 minute
  • Average Net Promoter Score:¬†6 / 10
  • Average Professionalism Score:¬†6.4 / 10
  • Overall Score:¬†6.8 / 10
  • Ranking:¬†23rd of 43 brokers

FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

FXTM is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) and supports multiple languages including Arabic, Czech, Chinese, English, Farsi, French, German, Hindi, Indonesian, Italian, Korean, Malaysian, Polish, Russian, Spanish, Urdu and Vietnamese.

ic markets

IC Markets

IC Markets is based in Australia and offers traders the lowest brokerage fees including:

  • Low spreads on major currency pairs and exotic pairings
  • Low commissions for MT4, MT5 or cTrader forex traders
  • No Deposit or Withdrawal Fees

Commissions Offered by IC Markets

Forex traders in Angola can receive some of the lowest commissions from IC Markets including:

  • USD $3.5 (per lot per side) for MetaTrader 4
  • USD $3.5 (per lot per side) for MetaTrader 5
  • USD $3.0 (per USD 100k) for cTrader

There is no commission for the standard account (commission-free account).

IC Markets is authorised and regulated by the Financial Services Authority (FSA) of Seychelles.

FBS

FBS

FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro lots in Cent accounts for more precise risk management.

Account type

Minimum deposit

Minimum trade size

Maximum leverage

Spreads

Cent

$1

0.01 lot

1:1000

from 1 pip

Standard

$100

0.01 lot

1:3000

from 0.5 pips

Zero Spread

$500

0.01 lot

1:3000

0 pips + $20/lot

Micro

$5

0.01 lot

1:3000

fixed, from 3 pips

ECN

$1000

0.1 lot

1:500

from -1 pip + $6/lot

FBS is a popular international broker and offers clients competitive trading conditions, a wide range of trading accounts, payment methods, a choice of fixed and variable spreads, Metatrader 4 and MetaTrader 5, as well as various promotions.  An account with FBS can be opened for just $1.

The activities of FBS are regulated by the International Financial Services Commission and customer service is offered in English, with more languages to be introduced soon.

AvaTrade

AvaTrade

AvaTrade is an excellent partner for all types of trader, be it beginner or pro Рwith over 200,000 active traders around the globe, on both the MetaTrader 4 and AvaGo platforms.  AvaTrade offers great trading conditions across Forex, commodities, cryptocurrencies, ETFs, bonds, and equities and boasting FSCA and ASIC regulation.

 

Min. Deposit

Max. Leverage

Min. Spread

Commission

Islamic

USD 100

400:1

1.3 pips

None

Professional

USD 100

400:1

1.3 pips

None

Retail

USD 100

400:1

1.3 pips

None

AvaTrade does not charge their clients for making deposits and withdrawals and the only costs are the bank card, e-wallet, or bank transfer fees.  Traders have access to professional customer support, 24 hours a day, five days a week.

AvaTrade is a global CFD and FX broker regulated by several financial authorities, such as the Central Bank of Ireland and besides English, traders can chat in a lot of other languages including Arabic, Chinese, French, Italian, German, Russian and more.

HotForex

HotForex

HotForex offers traders a variety of account types to choose from including fixed and floating spreads, commission-free trading (in Micro, Premium and Fixed accounts) or tighter spreads, involving commission fees. Beginner traders can sign up for Micro accounts with a minimum deposit of as little as $5, and micro lots are available for trade on all accounts.

An Auto Account, which enables traders to subscribe to free and paid Trading Signals from the MQL5 Community and a HF Social account, which provides trading powered by FxStat is also on offer.

HotForex is a retail forex broker, offering attractive conditions for trading in a wide range of instruments, including Forex, Spot Metals and CFDs on commodities, indices and popular shares such as Google, Apple and Facebook. HotForex also offers customer service in many different languages.

HotForex is regulated by the St. Vincent & the Grenadines regulatory authority, the CySEC in Cyprus, and the FSC of the Republic of Mauritius under the HF Markets moniker.

alpari

Alpari

Alpari is a great choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms due to its established brand history, multiple offices, and range of account types and diverse managed account offering for investors.  The Alpari brand offers traders access to nearly 50 forex pairs and 30 CFDs on indices, commodities, precious metals, and on Bitcoin.

Feature

Alpari

Forex: Spot Trading

Yes

Currency Pairs (Total Forex pairs)

48

CFDs – Total Offered

16

Social Trading / Copy-Trading

Yes

Cryptocurrency traded as actual

No

Cryptocurrency traded as CFD

Yes

The commissions and fees at Alpari vary depending on the account type and platform used native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.

Alpari is regulated by the Cyprus Securities and Exchange Commission (CySEC).

XM Group

XM Group

The XM Group provides the entire suite of MetaTrader platforms and over 1300 tradeable instruments, was Founded in 2009, and is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it an average-risk for forex and CFDs trading.

XM Group’s research offering is above the industry standard, and pricing at XM Group varies by account type.

Feature

XM Group

Forex: Spot Trading

Yes

Currency Pairs (Total Forex pairs)

57

CFDs – Total Offered

1247

Social Trading / Copy-Trading

Yes

Cryptocurrency traded as actual

No

Cryptocurrency traded as CFD

No

XM Group is a MetaTrader-only broker and offers the standard experience, including both MT4 and MT5, iOS and Android versions of the MT4 and MT5 mobile apps come standard and are both available for download from the Apple iTunes store and Android Play store, respectively.

XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).

XM’s customer service is fast and is available in many languages, via email, phone, and live chat.

eToro best brokers

eToro

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert.

eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

eToro trading accounts on offer include:  Demo, Micro, Mini, Standard, STP and Islamic.  eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

xtb best broker

XTB

XTB is a trusted multi-asset broker regulated in several major financial centres and provides a well-rounded, competitive offering including excellent customer service and the xStation 5 trading platform.  XTB was founded in 2002 and is publicly-traded and regulated in one tier-1 jurisdiction, making it a low-risk broker for forex and CFDs trading. XTB is the top choice for 230,000+ Forex traders globally.

Feature

XTB

Forex: Spot Trading

Yes

Currency Pairs (Total Forex pairs)

49

CFDs – Total Offered

1894

Social Trading / Copy-Trading

Yes

Cryptocurrency traded as actual

No

Cryptocurrency traded as CFD

Yes

XTB offers traders a Standard (for UK and Ireland residents only) and a commission-based Pro account and each account will come with its own execution method and spread model, in terms of commissions and fees.  The xStation 5 is the primary platform offering alongside the full MetaTrader 4 suite. Since xStation 5 does not support automated trading, MT4 must be used. A Mobile trading option is also on offer.

The company is regulated by several financial authorities worldwide, including the UK’s Financial Conduct Authority (FCA) and¬†the¬†Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange and customer service is available in many languages, including some minor ones¬†like Hungarian or Romanian.

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

What To Look For In A Trading Platform?

A good trading platform will have to be stable and user-friendly as traders will have to have a full understanding of the platform to successfully trade. Most brokers will offer traders a demo account to try out the trading platform before investing capital. 

Some things to look for include:

  • A variety of essential and/or technical charting and analysis tools.
  • Easy entering and exiting of trades.¬†
  • Clear ‚Äėbuy‚Äô and ‚Äėsell‚Äô buttons.
  • The availability of Metatrader4 (MT4).
  • Elements that enhance the trading experience including customisation options, web-based and mobile trading, trading alerts and strategy builders.

Each brokerage has its own unique list of offerings. Traders should determine the ones that fulfil their specific trading needs and goals.

Before we go any further ‚Äď For those traders who may still be struggling to find a broker that suits their unique needs, here are 5 more mention worthy top brokers in Angola that are worth taking a quick look at!

5 More Mention Worthy Top Brokers In Angola

pepperstone best broker

Pepperstone

Pepperstone offers traders a small set of tradeable products but provides forex and CFD traders with competitive pricing, excellent customer service, and one of the largest selections of third-party platforms on offer.  Pepperstone was founded in 2010, is regulated in two tier-1 jurisdictions, making it a safe broker at average-risk for forex and CFDs trading.

Pepperstone offers both the MetaTrader and cTrader platform suites paired with multiple premium platform add-ons to enhance MT4.

Feature

Pepperstone

Forex: Spot Trading

Yes

Currency Pairs (Total Forex pairs)

59

CFDs – Total Offered

86

Social Trading / Copy-Trading

Yes

Cryptocurrency traded as actual

No

Cryptocurrency traded as CFD

Yes

Pepperstone is an agency-execution broker which offers a good range of options on its pricing plans and a broad range of third-party social copy-trading platforms and research tools helps counterbalance its limited range of in-house content.  Pepperstone customer service is available in several languages, such as English, Russian, Vietnamese or Thai.

Pepperstone is considered safe since it’s¬†regulated by two¬†top-tier financial authorities, the UK’s Financial Conduct Authority (FCA) and the Australian¬†Securities and Investments Commission (ASIC).

Roboforex robo forex best brokers

Roboforex

Roboforex are an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading.  When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform.

Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs.  Roboforex offers over 100 instruments and over 35 currency pairs in total.

Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.   Roboforex also offer mobile apps for Android and iOS.

Roboforex Trading benefits:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Roboforex Trading Accounts include ‚Äď Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic and all accounts support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, and much more.

RoboForex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.

trading212 best forex

Trading 212

Trading 212 is a global online broker which was founded in 2006 and offers trading in S tocks, Forex, Commodities and Indices trading.  With Trading 212 new traders will need a minimum deposit of $1 to start and they have the option to sign up for a demo account.

Trading 212 accommodates traders on various levels, whether it be experienced or novice.  Trading 212 is regulated and supervised by reputable organisations and have won numerous industry awards over the past 14 years that they have been in operation.

Trader can trade in over 3000 instruments and over 177 currency pairs.  Trading 212 offer traders a user-friendly custom trading platform which is also available as a browser-based web application alongside mobile apps for Android and iOS.

Trading 212 benefits include:

  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Trading 212 also offers traders a good selection of educational resources and offers customer support in a wide range of languages.  Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

FP Markets

FP Markets

FP Markets is a global, online broker which was founded in 2005 and offer Forex trading and has a head office situated in Australia.

When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.

Over 100 instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform.  FP Markets also offers traders mobile apps for Android and iOS.

FP Markets Trading benefits include:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

FP Markets Trading Accounts Offered include: Demo, Mini, Standard, ECN, STP, Managed and Islamic and all accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

FP Markets is authorised and regulated by the Australian Securities and Investments Commission (ASIC)

Maximize
the stock
Markets

with 1:2 leverage
on the world's
leading stocks

In Conclusion

The retail forex market is extremely competitive and just the thought of sifting through all the available brokers in the field can be a daunting thought.

There is also a huge misconception that trading Forex on the financial market in Angola is considered unsafe and unstable but this is in actual fact not the case and Forex trading in Angola is very active and popular.  When picking a broker traders must make sure to pick one that has at least 2 years of history in the market and offers a great platform. The number of online forex brokers have significantly increased over the past view years and all of them claim to offer quality services to their customers.

Traders should take the time to compare Angola Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side before making their final decision.  Traders must also keep in mind that they will be required to submit very important financial and personal data when an account is opened with an online forex broker. Traders will be required to submit copies of their utility bills, passport or identity document as well as their credit card numbers and bank account information online. If the online broker has not integrated proper security features, a trader’s personal financial information can be stolen, trading disrupted and traders will be also at risk of identity theft.

If a trader has the utmost confidence in their Forex broker, they will be capable of devoting considerably more time and attention to develop their trading¬†strategies.¬† Putting in the time to Research brokers before committing to a specific broker can go a long way in a trader‚Äôs overall journey, and can improve a trader’s odds of being successful in the competitive foreign exchange market.

EXNESS is this month's #1 Broker