10 Best MetaTrader 4 (MT4) Forex Brokers In Angola 2024

Forex brokers are fintech firms or dealers that facilitate their clients’ access to trading in forex and CFDs on global forex markets. These brokers provide market access using different trading platforms, including MT4, MT5, and cTraders. Some brokers even have their own trading platforms.

Metatrader4 (MT4) is one of the most popular trading platforms in the forex market. Millions of traders use this platform. MT4 is renowned for its user-friendly interface, advanced charting tools, and customizable features. Most forex brokers use MT4 as their trading platform. There are hundreds of online forex brokers in Angola that offer MT4 trading platforms.  However, not all brokers are equally trusted, regulated, or offer similar quality services. With so many options to choose from, it can be difficult to determine which broker is the best fit for your needs.

In this article, We have curated and listed the top MT4 Forex brokers in Angola that offer competitive trading conditions, a wide range of trading instruments, and excellent customer support. We have also reviewed their regulations, trading fees, pros, cons, and so on. By comparing these brokers, you can better decide which brokers are best suited to your trading style and goals in Angola. 

A list of Top 10 MT4 Forex Brokers in Angola

1. Pepperstone: Best Overall MT4 Forex Broker 
2. IC Markets: Best for Low Spread Trading
3. Exness: Best for Instant Deposit and Withdrawal
4. JustMarkets: Best for Gold, Oil Trading
5. ThinkMarkets: Best for Gold Trading
6. BlackBull Markets: Fastest Execution MT4 broker 
7. Eightcap: Best for Smart Trading
8. XM: Best for Deposit Bonus 
9. FBS: Best for High Leverage
10. AvaTrade: Best for social trading platforms

Best MT4 Forex Brokers in Angola (Compared and Reviewed)

Can I Trust These MT4 Brokers in Angola?

Yes, you can trust these MT4 brokers in Angola. Brokersway recommends brokers based on facts and thorough research. We evaluate brokers using 170 data points, grouped into 6 key categories: regulations and security, fees, trading experience, trading tools, customer support, and trading education. These brokers are regulated by multiple authorities, ensuring they are legitimate and trustworthy. Below are the regulations of these brokers.

• Pepperstone: Regulated by 7 regulatory authorities including FCA, ASIC, CySEC, BaFin, DFSA, CMA, and SCB
• IC Markets: Regulated by 3 Regulatory Authorities including FCA, CySEC, and ASIC
• BlackBull: Regulated by 2 Regulatory Authorities including FMA, FSA-S
• Exness: Regulated by 8 Regulatory Authorities including CySEC, FCA, CMA, FSCA,  FSA in Seychelles, CBCS, FSC (Mauritius), and FSC (BVI)
• JustMarkets: Regulated by 4 Regulatory Authorities including CySEC, FSC- Mauritius, FSA-S, FSCA.
• ThinkMarkets: Regulated by 10 Regulatory Authorities including ASIC, CySEC, FCA, FSA, FSC, NZFMA, DFSA, JFSA, FSCA, CIMA
• BlackBull: Regulated by 2 Regulatory Authorities including FMA, FSA-S
• Eightcap: Regulated by 5 Regulatory Authorities including ASIC, FCA, CySEC, SCB, and FSA SVG
• XM: Regulated by 5 Regulatory Authorities including ASIC, CySEC, DFSA, FSCA, FSC in Belize (Global)
• FBS: Regulated by 3 Regulatory Authorities including Cysec, ASIC, FSC-Belize
• AvaTrade: Regulated by 9 Regulatory Authorities including ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC 

How Did We Select These MT4 Brokers in Angola?

Research

To identify the best MT4 forex brokers in Angola, we conducted extensive research, focusing on the leverage, features, services, and regulations associated with each broker. We analyzed market trends, broker offerings, and user feedback to understand what traders value most. This comprehensive approach allowed us to build a solid foundation for our evaluations.

Data Collection

We gathered data from a variety of reliable sources, including official regulatory bodies, broker websites, TrustPilot, FPA, WikiFX, and reputable financial news platforms. This data encompassed key metrics such as trading fees, available assets, leverage options, and client support services. Additionally, we considered user reviews and testimonials to gauge trader satisfaction and experiences.

Verification

After collecting data, we verified the information to ensure accuracy and reliability. This step involved cross-referencing details from multiple sources, including regulatory websites and independent reviews. By ensuring that our data is accurate, we aim to present an honest assessment of each broker’s strengths and weaknesses.

Live Testing

To provide a real-world perspective, we conducted live testing of the shortlisted brokers. This involved opening demo accounts and executing trades to evaluate the trading platforms, order execution speed, and customer service responsiveness. Our live testing process allowed us to assess each broker’s performance under actual market conditions, providing valuable insights into their functionality.

Scoring

Finally, we scored each broker based on a set of criteria, including regulatory compliance, trading costs, platform usability, available trading instruments, customer support, overall user experience, and leverage. Each category was assigned a specific weight, reflecting its importance in trading. The scores helped us rank the brokers, ensuring that our recommendations align with the needs and preferences of traders looking for MT4 forex brokers  in Angola.

What is the number 1 MT4 forex broker in Angola?

Based on our evaluation and broker ratings, Pepperstone is the number one MT4 Forex broker in Angola. The broker is regulated by top regulatory authorities such as the FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB. Pepperstone offers spreads as low as 0.0 pips with deep liquidity and no requotes. It provides a variety of trading platforms and tools, including MT4, MT5, cTrader, TradingView, DupliTrade, Autochartist, and more. Over 400,000 traders use the broker globally

Which MT4 Forex Brokers Are Good for Beginners in Angola?

 From our research, analysis, testing, and experience;  BlackBull Markets, FBS, XM, ThinkMarkets, and Exness are the best MT4 brokers for beginners in Angola. They all provide comprehensive training resources for newbies and also demo accounts for practice. When the newbies are ready for live trading, some of these brokers offer micro accounts which they can use to start experimenting with live trades at very little risk.

• XM: Known for its low minimum deposit, low spreads, and comprehensive educational resources.
• FBS: Offers a cent account, low minimum deposits starting from $1, and demo accounts for practice.
• BlackBull Markets: Provides low spreads, a user-friendly platform, and demo accounts for beginners.

These brokers are ideal for beginners due to their low entry barriers, affordable trading costs, and the availability of demo accounts to practice trading without financial risk

Which MT4 Forex Brokers Offer Copy Trading Platforms in Angola?

Pepperstone, IC Markets, and AvaTrade are good MT4 brokers  for copy trading in Angola. For example, Pepperstone facilitates copy trading with third-party platforms like Signal Start, MetaTrader Signals, and DupliTrade. These platforms work flawlessly with Pepperstone.

IC Markets offers the ICSocial copy trading platform. IC Social is a social trading app that allows traders to replicate or copy the strategies of signal providers and also to become a signal provider by using their IC Markets Global MetaTrader 4 account. 

AvaTrade also offers the AvaSocial app for copy trading, allowing users to connect, copy, and conquer the markets alongside expert traders

Which MT4 Forex Brokers Offer High Leverage in Angola?

Many MT4 brokers offer high leverage in Angola. However, based on our research and evaluation FBS, Just Markets, Thinkmarkets, XM, and IC Markets are some of the highest-leverage MT4 forex brokers that offer their services in Angola. The leverages of these brokers include 

• FBS: Offers leverage as high as 1:3000
• Just Markets: Offers leverage as high as 1:3000
• Thinkmarkets: Offers leverage as high as 1:2000
• XM: offers leverage as high 1:1000
• IC Markets: offers leverage as high as 1:1000

Which MT4 Forex Broker Has the Lowest Spread in Angola?

BlackBull Markets, ThinkMarkets, and Exness are among the MT4 brokers with the lowest spreads in Angola. They offer both Standard and ECN accounts. The spreads for ECN accounts start as low as 0.0 pips. Here are the spreads offered by these brokers:

• BlackBull Markets: From 0.1 pips to 0.8 pips
• ThinkMarkets: From 0.4 pips to 0.6 pips
• Exness: Starting from 0.1 pips to 0.3 pips

Frequently Asked Questions ( FAQs)

What is a Forex Broker?

A forex broker is a financial services company that provides traders access to the foreign exchange market, enabling the buying and selling of currency pairs. Acting as intermediaries, forex brokers connect traders to liquidity providers and facilitate trade execution through advanced platforms. These platforms are equipped with tools for market analysis, position tracking, and seamless trading, operating round-the-clock during global market hours.

In addition to currency pairs, forex brokers often extend their offerings to include CFDs on commodities, indices, stocks, and cryptocurrencies. These contracts allow traders to speculate on asset price movements without the need for ownership. Brokers typically provide leverage, analytical tools, and educational resources to empower traders in optimizing their strategies and making well-informed trading decisions.

What is an MT4 Forex Broker?

The broker that offers or supports the MT4 (Metatrader4) trading platform is called an MT4 forex broker.  Metatrader4 or MT4 is one of the most popular trading platforms used by about 40 million active traders. The platform is renowned for its versatility and user-friendly interface. Launched in 2005, it quickly became popular among traders and brokers in various financial markets, especially Forex.

MT4 offers advanced charting tools, support for automated trading through Expert Advisors (EAs), customizable indicators and scripts with MetaQuotes Language 4 (MQL4), multiple timeframes, and asset classes beyond Forex. It also offers a secure trading environment with encrypted communication and risk management features. MT4’s combination of robust features and widespread adoption makes it a preferred choice for traders of all levels.

Is MT4 Forex Broker available in Angola?

Yes, MT4 forex brokers are available in Angola. Many international brokers that support the MT4 trading platform accept clients from Angola. These brokers offer MT4 trading platforms for web, desktop, and mobile trading. They often provide services such as customer support in local languages, convenient deposit and withdrawal methods, and educational resources specific to Angola traders

Is MT4 Legal in Angola?

Yes, trading with MetaTrader 4 (MT4) is legal in Angola. It is a widely used trading platform developed by MetaQuotes Software Corporation and is offered by forex and CFD brokers worldwide, including those operating in Angola. The trading platform is completely safe and legitimate.

Is MT4 Good for Beginners in Angola?

Yes, MT4 is a good choice for beginners in Angola. It offers a user-friendly interface, educational resources, demo accounts for practice, customizable charts and tools, and support for automated trading with Expert Advisors (EAs). These features make MT4 an excellent platform for new traders to learn and start trading effectively. Additionally, the availability of demo accounts allows beginners to practice without risking real money.

Can I use Metatrader4 for Free in Angola?

Yes, MetaTrader 4 (MT4) is entirely free to use in Angola. You can access a demo account without needing a broker. However, to start live trading, you may need to open a brokerage account. Brokers provide MT4 trading platforms at no additional cost other than their default commission or spreads.

Final Verdict:

There are numerous forex brokers available in Angola. These forex brokers offer various trading platforms and tools including MT4, MT5, Ctrader, TradingView, Tradelocker, Pro4, Zulutrade, and more. Among these platforms, MT4 is the most popular trading platform in the forex market. The platform is used by more than 40 million active traders. 

When choosing a Metatrader 4  forex broker, traders should consider factors such as regulations, reputation, trading fees, platforms and tools, and trading conditions. While all MT4  trading platforms may appear similar, they can differ significantly in terms of service quality.

MT4 Forex brokers typically provide both demo and live accounts. If you are a beginner, it is advisable to start trading with a demo account first before moving into live trading. 

Our Methodology

We developed a methodology with over 170 data points grouped into 6 macro areas for assessing the performance of forex brokers. They are as follows:

• Regulation and Security
• Fees and Commissions
• Trading
• Trading tools
• Customer Support
• Trading Education

Our team collated information from various sources and verified them before assessment and rating. We tested the services offered by the brokers using various devices, software, and strategies. Final fact-checking, evaluation, and editing were done and the best brokers were selected. To find out more, read our methodology.

Risk Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.