AngelsBroker is one of the many forex brokers out there. The broker looks to provide forex traders with the best Trading services on its MetaTrader 4 and MT4 mobile trading platforms. Regulated by the Vanuatu Financial Services Commission, VFSC, AngelsBroker is a hybrid broker who works as both as an a-book and a market maker or a b-book broker. Besides forex, AngelsBroker is also a CFD trader, and it only offers one type of account, the AngelsBroker Standard account.

AngelsBroker Limited is the company that runs AngelsBroker. For credibility and trust, the broker is registered in the Republic of Vanuatu, and its activities are overseen by the Vanuatu Financial Services Commission, VFSC. It would appear that the broker operates out of Bulgaria. For this reason, you might consider this broker an offshore broker, and you should also be aware of the risks involved when engaging an offshore company. There is also the fact that the not-so-strict rules in the Republic of Vanuatu have made this country the ideal 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 part of the FSCS Financial Services Compensation Scheme which aims to limit the number of scammers by forcing the brokers to keep their clients’ funds in separate accounts from those of the company.

Accounts and Trading Conditions

As mentioned above, this broker only offers one type of trading account, the Standard account. This account has the following trading conditions:

You need to place a low minimum deposit of $50. This is relatively low, going by the industry’s standards, but it means that new traders get to spend little money as they learn about the trades and the trading platform. Unfortunately, the low minimum deposit does not give traders solid trading strategies

The average spreads offered by the broker is 0.9 pips on EUR/USD forex exchanges. In the current market conditions, this spread is quite competitive. Note, however, that the spreads, though important, do not outweigh the regulatory status of the broker.

Regarding leverage, the other important trading condition, AngelsBroker only offers a maximum leverage of 1:100. While this is comparably low, in comparison to what other brokers offer, it is suitable for your trading strategy. The reason for this is that the brokers offering super high leverage ratios are risky, especially if you don’t know how to utilize the risk/ leverage well.

Trading platforms

AngelsBrokers offers trading on the MetaTrader 4 (MT4) platform. The MT4 trading platform is the most popular and highly regarded trading platform worldwide. The reason for this is that the platform is not only user-friendly, but it also provides a high level of charting especially for the experienced technical analysts.

The trading platform lets you trade in tens of trading assets, and you also get to hedge. The EAs allow for automated trades.

The best part is that the trading platform is not only available on the web platform but is easily downloadable on PCs and mobile devices, both Android and iOS. The mobile MT4 is full of features for functionality and is easily accessible for use at any time and place.

Trading Products

This broker allows trading in up to 5 forex currency pairs, stocks, raw materials, indices, CFDs, and metals like gold and silver.

Payment Options

This broker offers a wide variety 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 left out.

Loyalty Program

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


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


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


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

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