As the forex industry expands and more traders emerge, more brokers are welcoming traders from developing countries such as Angola. These brokers offer competitive rates and fees, powerful and user-friendly trading platforms, and a range of tradable assets.
Angolan traders need not look further than the list below to find a forex broker that will cater for their unique and individual trading needs and objectives.
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Exness
Overview
Exness has been in operation since 2008 and is a popular broker offering traders with a vast number of trading opportunities across a range of markets. Traders can expect competitive trading conditions, high leverage, and the use of powerful trading platforms through which trades can be executed seamlessly.
Pros and Cons
PROS | CONS |
Strictly regulated | US Clients not allowed |
High maximum leverage offered | Accounts are not multi-currency |
Features
Feature | Information |
Regulation | CySEC, FCA, SFSA |
Minimum deposit from | $1 |
Average spread from | 0.0 pips |
Commissions from | From $3.5 per lot per side |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:2000 |
Bonuses | None |
Customer Support | 24/5 |

FXTM
Overview
FXTM is a reputable and popular ECN and STP broker that is based in the United Kingdom, Cyprus, South Africa, and Mauritius, with corresponding regulation and authorisation in each jurisdiction to offer trading to traders from around the world.
With FXTM, traders can expect tight and variable spreads, ultra-low commissions, adequate leverage (non-EU clients), powerful trading platforms through which trades can be executed seamlessly, and a range of flexible funding methods.
Pros and Cons
PROS | CONS |
Commission-free trading offered | Restricted leverage for EU-clients |
Low minimum deposit required | US clients not accepted |
Range of tradable assets | |
Strictly regulated by several entities |
Features
Feature | Information |
Regulation | CySEC, FCA, FSC, FSCA |
Minimum deposit from | $10 |
Average spread from | 0.0 pips |
Commissions from | $2 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:2000 |
Bonuses | Yes |
Customer Support | 24/5 |

AvaTrade
Overview
AvaTrade is a multi-award-winning, multi-regulated, and multi-asset broker with offices in several jurisdictions around the world, offering traders with competitive trading conditions, more than 250 financial instruments which can be traded, and competitive and fixed spreads.
Traders can also expect a plethora of trading opportunities with AvaTrade including social trading opportunities. AvaTrade also supports the use of user-friendly, flexible trading platforms through which trades can be executed.
Pros and Cons
PROS | CONS |
Award-winning broker | No US clients |
Fixed and tight spreads from 0.9 pips | Only one account type offered for retail and professional traders |
Multi-regulated through reputable regulatory entities | Variable spread accounts not offered |
Zero-commission trading |
Features
Feature | Information |
Regulation | ASIC, BVI, CBI, FFAJ, FSA, FSCA |
Minimum deposit from | $100 |
Average spread from | 0.9 pips |
Commissions from | $0 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:400 |
Bonuses | Yes |
Customer Support | 24/5 |

ForexMart
Overview
ForexMart has been in operation since 2015 and is a regulated NDD broker that offers traders with a world-class trading environment, fast and reliable trade execution, and competitive trading conditions. Traders can also be assured that ForexMart employs only the best methods to ensure the safety of client funds, and that traders have access to dedicated customer support.
Pros and Cons
PROS | CONS |
Social trading supported | Incomprehensive training |
User-friendly platforms | Limited financial instruments |
Well-regulated | US, North Korea, Myanmar, Cuba, Sudan, and Syrian clients not allowed |
Features
Feature | Information |
Regulation | CySEC |
Minimum deposit from | $1 |
Average spread from | 0.0 pips |
Commissions from | 0.02% |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:500 |
Bonuses | No |
Customer Support | 24/5 |

IQ Option
Overview
Established in 2014, IQ Option is a Cyprus-based Market Maker broker that offers traders with a vast variety of tradable financial instruments, award-winning trading services and solutions, and the use of an intuitive, innovative proprietary trading platform.
IQ Option also offers traders with a superior trading environment and a wide range of trading tools which can be used to hone trading skills.
Pros and Cons
PROS | CONS |
Segregated client funds and member of ICF | Fixed spread accounts not offered |
Strictly regulated | Restricted leverage for non-professional traders |
Wide variety of financial instruments | US clients not allowed |
Features
Feature | Information |
Regulation | CySEC |
Minimum deposit from | $10 |
Average spread from | 5 pips on GBP/USD |
Commissions from | $0 |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:30 |
Bonuses | No |
Customer Support | 24/5 |

FxPro
Overview
Established in 2006, FxPro is a well-regulated and reputable UK-based NDD broker that offers traders from around the world with both fixed and variable spreads, more than 260 tradable instruments, powerful trading platforms such as MetaTrader 4 and 5, and the proprietary FxPro Edge platform.
Traders are also given access to a variety of trading tools, third-party market analysis, and a range of educational materials and resources.
Pros and Cons
PROS | CONS |
Multiple modern trading platforms | Crypto trading not supported |
Premium trader tools | Managed accounts and social trading not supported |
Strict and multiple regulations | US, Iraq, and Canada clients not accepted |
VPS access | Wide spreads |
Features
Feature | Information |
Regulation | FCA, CySEC, FSCA, DFSA, SCB |
Minimum deposit from | $100 |
Average spread from | 0.0 pips |
Commissions from | $4.5 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

FBS
Overview
FBS is a Belize-based STP and ECN broker that has been in operation since 2009. FBS offers traders with both variable as well as fixed spreads, a range of account types that suit all kinds of traders, and a range of tradable financial instruments which can be traded through MetaTrader 4 and MetaTrader 5.
Pros and Cons
PROS | CONS |
Multiple account types offered | High spreads on some accounts |
Social trading supported | Limited tradable assets |
Ultra-low minimum deposit requirement | Limited trading platform and tools offered |
Well-regulated | Several countries restricted including US, UK, Japan, Israel, and others |
Features
Feature | Information |
Regulation | IFSC, CySEC |
Minimum deposit from | $1 |
Average spread from | 0.0 pips |
Commissions from | $6 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:3000 |
Bonuses | Yes |
Customer Support | 24/7 |

Axi
Overview
Axi is a popular and reputable STP and ECN broker with headquarters in Australia and the United Kingdom. Axi was founded by traders for traders and the broker offers some of the tightest spreads, lowest commission charges, decent trade execution, and a wide range of tradable assets.
Pros and Cons
PROS | CONS |
Strict regulation | US clients not allowed |
Accounts are commission-free | Fixed spreads not offered |
MetaTrader 4 NextGen provided | EU-clients restricted on leverage offered |
Access provided to AutoChartist and PsyQuation |
Features
Feature | Information |
Regulation | ASIC, FCA |
Minimum deposit from | $0 |
Average spread from | 0.0 pips |
Commissions from | $7 per round turn |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

XM
Overview
With more than 2.5 million registered traders from 196 countries worldwide, XM is one of the most popular choices when it comes to CFD and forex trading. Angolan traders are offered with variable, tight spreads, low-commission charges, a variety of trading accounts, negative balance protection applied to retail accounts, and use of powerful and user-friendly trading platforms.
Pros and Cons
PROS | CONS |
Competitive trading conditions | Fixed spreads not offered |
Negative balance protection offered | US Clients not allowed |
Well-regulated |
Features
Feature | Information |
Regulation | FCA |
Minimum deposit from | $5 |
Average spread from | 0.0 pips |
Commissions from | $1 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:888 |
Bonuses | Yes |
Customer Support | 24/5 |

Olymp Trade
Overview
Established in 2014, Olymp Trade is a STP broker which is based in Saint Vincent and the Grenadines, offering traders from around the world with the trade in a range of financial instruments.
With low minimum deposit requirements, Angolan traders can register an account to start discovering the world of forex using Olymp Trade’s competitive trading conditions and unique offering. Olymp Trade caters for both beginners as well as professionals, offering education, signals, and market analysis.
Pros and Cons
PROS | CONS |
Low minimum deposit requirement | No MetaTrader |
Market news as well as analysis | No regulation |
Multilingual customer support available 24/7 | Social trading not offered |
Proprietary trading platform | Trade automation not supported by trading platform |
Features
Feature | Information |
Regulation | None |
Minimum deposit from | $10 |
Average spread from | None charged |
Commissions from | 0.00400% |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:500 |
Bonuses | No |
Customer Support | 24/7 |

eToro
Overview
Founded in 2006 and based in Australia, Cyprus, and the United Kingdom, eToro has respective and corresponding regulation and authorisation to offer its unique services and solutions to traders from around the world.
With eToro, traders can expect competitive spreads, commissions from $0, and a proprietary trading platform through which trades can be executed. In addition, traders can also make use of a vast number of social trading opportunities and rely on a large online trading community for assistance and guidance in trading the markets.
Pros and Cons
PROS | CONS |
Well-regulated | No US Clients |
Commission-free trading offered | Fixed spread accounts not provided |
Large online trading community | MetaTrader 4 and 5 not offered |
Leading social trading platform |
Features
Feature | Information |
Regulation | ASIC, FCA, CySEC |
Minimum deposit from | $200 |
Average spread from | 3 pips on EUR/USD |
Commissions from | $0 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:400 |
Bonuses | None |
Customer Support | 24/6 |

IC Markets
Overview
Established in 2007, IC Markets is a well-regulated and reputable ECN broker which is based in Australia and the Seychelles, offering traders from around the world with the trade in more than 230 financial instruments.
IC Markets is one of the largest true ECN brokers which caters perfectly for both retail and professional traders, delivering low spreads, high liquidity, and fast, reliable trade execution.
Pros and Cons
PROS | CONS |
Strictly regulated | US Clients not allowed |
Low trading and non-trading fees | Fixed spreads not offered |
Tight and competitive spreads |
Features
Feature | Information |
Regulation | ASIC |
Minimum deposit from | $200 |
Average spread from | 0.0 pips |
Commissions from | $3 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

OctaFX
Overview
Established in 2011, Octa is a reputable and popular STP and ECN broker which is based in Saint Vincent and the Grenadines, offering traders from around the world, even Angola, with competitive trading conditions.
With Octa, traders can expect a choice in flexible account types which suit every type of trader, a range of forex and CFD instruments, and competitive fees.
Pros and Cons
PROS | CONS |
Well-regulated | No US Clients |
Commission-free trading offered | Limited financial instruments |
Fixed spread accounts offered |
Features
Feature | Information |
Regulation | FSA SVG, CySEC |
Minimum deposit from | $100 |
Average spread from | 0.0 pips |
Commissions from | $0.02 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | Yes |
Customer Support | 24/5 |

Trading 212
Overview
Trading 212 is a regulated and reputable STP broker which is based in Bulgaria and the United Kingdom, with respective regulation through FCA and FSC in offering the trade in more than 2,000 financial instruments spread across forex, stocks, and cryptocurrencies.
With Trading 212, traders can expect the use of a powerful and user-friendly proprietary trading platform which is suited for traders despite their trading skills or experience.
Pros and Cons
PROS | CONS |
Strict regulation | US clients not allowed |
Member of FSCS | Limited leverage for non-professional traders |
Commission-free trading | MetaTrader not offered |
Features
Feature | Information |
Regulation | FCA, FSC |
Minimum deposit from | $1 |
Average spread from | Not indicated |
Commissions from | $0 |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:300 |
Bonuses | None |
Customer Support | 24/7 |

easyMarkets
Overview
easyMarkets has been in operation since 2011 and is a popular Market Maker broker headquartered in Cyprus with regulation and authorisation through ASIC, CySEC, and FSA in offering the trade of more than 200 financial instruments.
Traders are offered with flexible trading platforms, innovative features and technology, and award-winning trading solutions and services.
Pros and Cons
PROS | CONS |
Commission-free trading offered | Forex spreads start from 1 pip |
Fixed spread accounts offered | Variable spread accounts not offered |
Free guaranteed stops | US Clients not allowed |
Features
Feature | Information |
Regulation | ASIC, CySEC |
Minimum deposit from | $100 |
Average spread from | 0.9 pips |
Commissions from | $0 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:400 |
Bonuses | Yes |
Customer Support | 24/5 |

HotForex
Overview
HotForex is a multi-regulated and multi-asset broker that offers traders from around the world with the trade in a variety of financial instruments. HotForex is a socially responsible broker that has obtained various awards and offers traders with tight spreads, competitive commissions, and a variety of trading accounts to choose from.
Pros and Cons
PROS | CONS |
Strictly and well-regulated | US Clients not allowed |
Strong international presence | |
Competitive trading conditions offered |
Features
Feature | Information |
Regulation | CySEC, FCA, DFSA, FSCA |
Minimum deposit from | $5 |
Average spread from | 0.0 pips |
Commissions from | $3 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:1000 |
Bonuses | Yes |
Customer Support | 24/5 |

Alpari
Overview
Alpari was established in 1998 in Russia and through the years since its inception, it has expanded across the globe with offices in Mauritius, Saint Vincent and the Grenadines, Russia, and Nigeria. There are also other offices that are run by partners in various locations around the world.
Alpari offers traders with the trade in a variety of financial instruments through powerful trading platforms using the broker’s competitive trading conditions.
Pros and Cons
PROS | CONS |
MetaTrader 4 and 5 offered | Fixed spread accounts not offered |
PAMM Accounts offered | Limited financial instruments offered |
Superior multilingual customer support | Restriction on traders from some countries |
Features
Feature | Information |
Regulation | FSC, FSA |
Minimum deposit from | $5 |
Average spread from | 0.4 pips |
Commissions from | $1.5 per lot per side |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:1000 |
Bonuses | Yes |
Customer Support | 24/5 |

XTB
Overview
XTB is a large, multi-regulated, and reputable STP, ECN, and DMA broker along with being one of few brokers listed on a stock exchange. XTB has been offering its services and solutions since 2004 and is focused on continuing to grow as a client-focused broker that works to meet, and exceed, the trading goals and objectives that traders have, despite their level of trading experience.
Pros and Cons
PROS | CONS |
Strict regulation | US Clients not allowed |
Competitive trading conditions offered | EU Clients restricted to leverage of 1:30 |
Negative balance protection offered | Fixed spreads not offered |
Features
Feature | Information |
Regulation | ACPR, BaFin, CNMV, FCA, IFSC, KNF |
Minimum deposit from | $250 |
Average spread from | 0.1 pips |
Commissions from | $3.50 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

Pepperstone
Overview
Pepperstone was founded in 2010 and is a popular ECN and STP broker based in Australia and the United Kingdom with respective regulation to offer competitive, comprehensive trading solutions to traders from around the world.
Pepperstone is one of the largest and most trusted brokers, enabling traders to trade across several markets using the competitive trading conditions offered by the broker, low-latency, high execution speeds, and award-winning customer service.
Pros and Cons
PROS | CONS |
Well-regulated | No US clients |
Award-winning customer support | No fixed spread accounts |
Competitive trading conditions |
Features
Feature | Information |
Regulation | ASIC, FCA, DFSA |
Minimum deposit from | $200 |
Average spread from | 1 pip |
Commissions from | AU$3.5 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | Yes |
Customer Support | 24/5 |

RoboForex
Overview
RoboForex is a regulated Belize-based Market Maker, ECN, and STP broker that was established in 2009. RoboForex is award-winning, offering traders with the trade in more than 9,400 financial instruments across multiple asset classes.
Traders are offered with a range of powerful and flexible trading platforms, a choice in trading accounts, and competitive trading conditions.
Pros and Cons
PROS | CONS |
Strictly regulated | No US Clients |
Negative balance protection provided | Fixed spread accounts not offered |
Flexible account types offered | |
Multiple trading platforms supported |
Features
Feature | Information |
Regulation | IFSC |
Minimum deposit from | $10 |
Average spread from | 0.0 pips |
Commissions from | $0.0045 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:2000 |
Bonuses | Yes |
Customer Support | 24/7 |

FP Markets
Overview
Established in 2005, FP Markets is a well-regulated ECN, STP, and DMA broker based in Australia. FP Markets offers Angolan traders with more than 10,000 tradable financial instruments across multiple global markets.
Traders can also expect award-winning trading platforms, transparent fee schedules, fast execution speeds, and competitive trading costs.
Pros and Cons
PROS | CONS |
Well-regulated by reputable entities | US clients not accepted |
Range of tradable financial instruments | Fixed spreads not offered |
Commission-free trading offered | |
ECN-Pricing model |
Features
Feature | Information |
Regulation | ASIC, CySEC, SVGFSA |
Minimum deposit from | AU$100 |
Average spread from | 0.0 pips |
Commissions from | US$3 |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

HYCM
Overview
HYCM is a popular and reputable ECN and STP broker which has been in operation since 1970, offering both retail and professional traders with fixed and variable spreads, low commissions, the trade in a variety of financial instruments, and the use of powerful trading platforms.
Pros and Cons
PROS | CONS |
Well-regulated | US clients not allowed |
Commission-free trading offered | Only two trading platforms offered |
High speed trade execution |
Features
Feature | Information |
Regulation | CIMA, CySEC, DFSA, FSA |
Minimum deposit from | $100 |
Average spread from | 0.2 pips |
Commissions from | $4 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:200 |
Bonuses | Yes |
Customer Support | 24/5 |

BDSwiss
Overview
Based in Cyprus, Mauritius, and Seychelles, BDSwiss is an ECN and STP broker that has been offering its services since 2012. Traders can expect access to more than 250 financial instruments, powerful trading platforms, additional trading tools, and access to a range of educational materials.
Pros and Cons
PROS | CONS |
More than 250 financial instruments | US Clients not allowed |
Strict regulation | Fixed spreads not offered |
Commission-free accounts offered | Restricted leverage for EU-clients |
Features
Feature | Information |
Regulation | CySEC, FSC, NFA |
Minimum deposit from | $200 |
Average spread from | 1.1 pips |
Commissions from | $4 |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:400 |
Bonuses | None |
Customer Support | 24/5 |

NordFX
Overview
Established in 2008, NordFX is a Vanuatu and Cyprus-based broker that offers both fixed and variable spreads, low commission charges, and a range of forex and CFD financial instruments that can be traded through MetaTrader 4 and MetaTrader 5.
Traders can also expect competitive fees, adequate execution speeds, flexible accounts, and a high maximum leverage ratio.
Pros and Cons
PROS | CONS |
Strictly regulated | Limited financial instruments |
High leverage up to 1:1000 | Lack of daily market analysis |
Low minimum deposit requirements | Social trading not offered |
PAMM Accounts offered | US Clients not allowed |
Features
Feature | Information |
Regulation | VFSC, CySEC |
Minimum deposit from | $10 |
Average spread from | 0.0 pips |
Commissions from | 0.0035% |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:1000 |
Bonuses | None |
Customer Support | 24/5 |

City Index
Overview
Founded in 1983 and based in Australia, UK, UAE, and Singapore, City Index is a popular STP and ECN broker that offers its services to more than 150,000 traders the trade in over 12,000 financial instruments.
With 35 years of experience in catering for the trading needs and objectives of traders from around the world, City Index has earned the trust of its traders and this is further established by the reliable trade execution speeds, award-winning platforms, and innovative technology offered.
Pros and Cons
PROS | CONS |
Advanced platforms and tools | Fixed spreads not offered |
Negative balance protection offered | US Clients not allowed |
Strictly regulated | Limited payment methods supported |
Features
Feature | Information |
Regulation | ASIC, FCA, MAS |
Minimum deposit from | $100 |
Average spread from | 0.5 pips |
Commissions from | $0 |
Deposit/Withdrawal Fees | Some fees may apply |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |

Forex.com
Overview
Forex.com has been in operation since 2001 and is a multi-regulated and multi-asset broker. Forex.com has more than 200,000 registered traders who trade more than 300 financial instruments spread across several asset classes.
Traders are offered with exceptional trading conditions, fast execution speeds, and competitively low trading and non-trading costs. In addition, Forex.com is the only broker that has an execution scorecard proving its reliable execution speeds.
Pros and Cons
PROS | CONS |
Strictly Regulated | Limited payment methods |
US Clients welcome | Fixed spreads not offered |
Advanced, powerful trading platforms | |
Advanced trading tools offered |
Features
Feature | Information |
Regulation | ASIC, CFTC, FCA, FSA, IIROC, JFSA, NFA |
Minimum deposit from | $50 |
Average spread from | $0.11 on XAU/USD |
Commissions from | $0 – $5 |
Deposit/Withdrawal Fees | No |
Maximum Leverage | 1:50 |
Bonuses | Yes – Active Trader |
Customer Support | 24/5 |

Tickmill
Overview
Tickmill is a reputable and well-regulated ECN and STP broker which is based in the UK, Cyprus, and Seychelles, with respective regulation and authorisation through FCA, CySEC, and FSA in offering traders from around the world with competitive trading conditions, a range of tradable instruments, and powerful trading platforms through which these trades can be executed.
Pros and Cons
PROS | CONS |
Strictly regulated by multiple regulatory entities | US Clients not allowed |
Commission-free trading offered | Fixed spreads not offered |
Variety of trading tools offered | Cryptocurrency trading not supported |
Features
Feature | Information |
Regulation | FCA, CySEC, FSA |
Minimum deposit from | $100 |
Average spread from | 0.0 pips |
Commissions from | From $1 |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | Yes |
Customer Support | 24/5 |
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FAQ
What is forex trading?
Forex trading is the buying of a currency while simultaneously selling another. However, it is much more complex than just that and involves a systematic approach involving skill, knowledge, and experience.
Which forex brokers are the best?
The forex brokers featured on this list are some of the best brokers in the industry.
Can beginners trade in forex?
Yes, however, it requires for beginners to first learn about forex trading and using a demo account to practice before they take on the live trading environment.
Do these forex brokers offer demo accounts?
Yes, these brokers offer the use of demo accounts either as practice accounts, accounts where traders test their strategies risk-free, or as a way for traders to explore these brokers’ offerings.
Are these forex brokers regulated and safe to use?
Most of these forex brokers are regulated and traders are urged to make use of regulated brokers, however, there are unregulated brokers who have a good reputation and have been offering comprehensive solutions for years.
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