Angels Broker South Africa

Angels Broker is one among the various forex brokers out there. The broker looks to supply forex traders with the simplest Trading services on its MetaTrader 4 and MT4 mobile trading platforms.

Angels Broker

Regulated by the Vanuatu Financial Services Commission, VFSC, AngelsBroker may be a hybrid broker who works as both as an a-book and a market maker or a b-book broker. Besides forex, AngelsBroker is additionally a CFD trader, and it only offers one sort of account, the Angels Broker Standard account.

Online trading Brokers in South Africa

Angels Broker features

Angels Broker Limited is that the company that runs Angels Broker. For credibility and trust, the broker is registered within the Republic of Vanuatu, and its activities are overseen by the Vanuatu Financial Services Commission, VFSC. it might appear that the broker operates out of Bulgaria. For this reason, you would possibly consider this broker an offshore broker, and you ought to even be conscious of the risks involved when engaging an offshore company. there’s also the very fact that the not-so-strict rules within the Republic of Vanuatu have made this country the perfect location/ hotspot for the shadiest forex brokerage firms. Though legitimate, VFSC has low requirements for registration of forex brokers.

Note that the regulatory/ registration requirements by Vanuatu mirror those of UK’s FCA (Financial Conduct Authority) and most of the brokers registered by the FCA are a part of the FSCS Financial Services Compensation Scheme which aims to limit the amount of scammers by forcing the brokers to stay their clients’ funds in separate accounts from those of the corporate .

Accounts and Trading Conditions

As mentioned above, this broker only offers one sort of trading account, the quality account. This account has the subsequent trading conditions:

You need to put a coffee minimum deposit of $50. this is often relatively low, going by the industry’s standards, but it means new traders get to spend little money as they study the trades and therefore the trading platform. Unfortunately, the low minimum deposit doesn’t give traders solid trading strategies

The average spreads offered by the broker is 0.9 pips on EUR/USD forex exchanges. within the current market conditions, this spread is sort of competitive. Note, however, that the spreads, though important, don’t outweigh the regulatory status of the broker.

Regarding leverage, the opposite important trading condition, AngelsBroker only offers a maximum leverage of 1:100. While this is often comparably low, as compared to what other brokers offer, it’s suitable for your trading strategy. the rationale for this is often that the brokers offering super high leverage ratios are risky, especially if you don’t skills to utilize the risk/ leverage well.

Trading platforms

Angels Brokers offers trading on the MetaTrader 4 (MT4) platform. The MT4 trading platform is that the hottest and highly regarded trading platform worldwide. the rationale for this is often that the platform isn’t only user-friendly, but it also provides a high level of charting especially for the experienced technical analysts.

The trading platform allows you to trade tens of trading assets, and you furthermore may get to hedge. The EAs leave automated trades.

The best part is that the trading platform isn’t only available on the online platform but is definitely downloadable on PCs and mobile devices, both Android and iOS. The mobile MT4 is filled with features for functionality and is definitely accessible to be used at any time and place.

Trading Products

This broker allows trading in up to five forex currency pairs, stocks, raw materials, indices, CFDs, and metals like gold and silver.

Payment Options

This broker offers a good sort of trading options including Credit/Debit cards, traditional bank transfers, and e-wallets like OkPay, WebMoney, and Qiwi. Unfortunately, popular options like Neteller and Skrill are bizarrely overlooked .

Loyalty Program

For every trade, this broker will offer you $1 cash back. It, therefore, means the corporate gets to lower its spreads to as low as 0.1 pips under the loyalty program. the corporate also offers a company-provided trading analysis, a measure avoided by most forex brokers due to the likelihood of conflicts of interests. However, the broker lacks information on this on its website.

Pros

• Low minimum deposit
• A competitive spread of 0.9 pips
• Trading analysis services
• Loyalty program
• Trading on the MT4 platform

Cons

• One trading account
• No Neteller/ Skrill
• It’s an offshore forex brokerage company
• Empty competitive analysis website

Conclusion

Angels Broker may be a CFD broker and an off-shore forex broker registered within the Republic of Vanuatu. it’s under the regulation of VFDC, which is, unfortunately, known for the loose standards. While the corporate appears to be based in Bulgaria, it doesn’t have any affiliations with EU watchdogs or other local authorities. the corporate does, however, offer brokering on the reliable MT4 trading platform and its spreads are quite competitive. So, while their regulation is shady and therefore the broker is an off-shore broker, it still has some positive features.