In Angola, capital-market intermediaries are supervised by the Comissão do Mercado de Capitais (CMC), which issued new rules for non-bank financial institutions in 2025, while the Banco Nacional de Angola controls foreign exchange. In Mozambique, the Banco de Moçambique supervises both banking and the securities market and controls foreign exchange. Because both countries restrict moving local currency abroad, most trading businesses work as IBs, education or prop firms, or partner with brokers licensed elsewhere, and they need fully Portuguese platforms, portals and support.
- Angola: the CMC supervises capital-market intermediaries; the BNA controls foreign exchange.
- Mozambique: the Banco de Moçambique supervises banks, the securities market and foreign exchange.
- Currency controls in both countries limit residents' foreign trading, so take local advice.
- Portuguese-language portals, apps and support are essential.
- Local payments include Multicaixa Express and Unitel Money in Angola, and M-Pesa and e-Mola in Mozambique.
Looking for a Portuguese IB portal? Partner tracking, commissions and reports fully in Portuguese.
Angola and Mozambique are Africa's two largest Portuguese-speaking markets, with young populations, rising smartphone use and growing interest in trading. Most international providers offer little in Portuguese, which is a real opportunity for brokers, IBs and fintechs that localise properly.
Regulators at a glance
| Angola | Mozambique | |
|---|---|---|
| Capital markets | Comissão do Mercado de Capitais (CMC) | Banco de Moçambique |
| Foreign exchange | Banco Nacional de Angola (BNA) | Banco de Moçambique |
| Stock exchange | BODIVA | Bolsa de Valores de Moçambique |
| Currency | Kwanza (AOA) | Metical (MZN) |
In June 2025 Angola's CMC issued Regulation No. 2/25 on non-bank financial institutions in the capital and investment markets, including intermediaries in securities and derivatives. If you plan a regulated local business, start with this framework and a local lawyer.
Currency controls
Both central banks control how residents move local currency abroad. In practice, this limits funding accounts with foreign brokers and affects how payouts can be made. It is the main reason most local businesses focus on IB, education, prop trading or technology models, or partner with regional groups licensed in South Africa, Mauritius or elsewhere.
Business models
| Model | Technology needed |
|---|---|
| Introducing broker | IB portal in Portuguese, tracking and commission reports |
| Prop trading firm | Prop CRM, challenge rules and payouts where permitted |
| Education business | Client portal, community tools and partner tracking |
| Regional broker licensed abroad | MT5 white label, CRM and local payments where permitted |
Local payments
| Angola | Mozambique |
|---|---|
| Multicaixa Express (EMIS) | M-Pesa (Vodacom) |
| Unitel Money | e-Mola (Movitel) |
| Bank transfers | mKesh and bank transfers |
Integrate only the methods your model permits, through licensed providers. See payments and KYC.
Localising into Portuguese
- A Portuguese client portal, emails and KYC screens.
- Portuguese IB portal and marketing materials.
- Lightweight mobile apps for mid-range smartphones.
- WhatsApp support during local business hours.
How we help
We provide Portuguese client and IB portals, prop firm CRM, MT5 white label and payment integrations. We do not give legal advice. See our Angola page and Southern Africa guide.
General information reviewed November 2026, not legal, tax or investment advice. Rules change; confirm your model with qualified local counsel. MetaTrader is a trademark of MetaQuotes Ltd.