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10 Best Forex Brokers in Ghana

Last Update: June 26th, 2024

Forex Brokers Ghana

 

The 10 Best Forex Brokers in Ghana – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Ghana.

 

In this in-depth guide, you will learn:

 

 

and much, MUCH more!

 

10 Best Forex Brokers in Ghana

 

10 Best Forex Brokers in Ghana – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💶 Min. Deposit
🥇 AvaTrade👉 Click Here✅Yes100 USD
🥈 Exness👉 Click Here✅Yes10 USD
🥉 Saxo👉 Click Here✅YesNone
🏅 HF Markets👉 Click Here✅YesNone
🎖️ FXPro👉 Click Here✅Yes100 USD
🥇 CMC Markets👉 Click Here✅YesNone
🥈 FXCM👉 Click Here✅Yes50 USD
🥉 FXTM👉 Click Here✅Yes10 USD
🏅 Pepperstone👉 Click Here✅YesAU$ 200
🎖️ Plus500👉 Click Here✅Yes100 USD

 

10 Best Forex Brokers in Ghana (2024)

 

  1. ☑️ AvaTrade – Overall, the Best Forex Broker in Ghana
  2. ☑️ Exness – The Best Overall Trading Experience
  3. ☑️ Saxo – High User Trust Score
  4. ☑️ HF Markets – The Best Forex Broker for Beginners 
  5. ☑️ FxPro – The Best MT4 and MT5 Forex Broker
  6. ☑️ CMC Markets – Best Online Trading Experience
  7. ☑️ FXCM – Low GHS Minimum Deposit Forex Broker
  8. ☑️ FXTM – Best Broker with a Micro Account
  9. ☑️ Pepperstone – Best Broker with a Referal Bonus
  10. ☑️ Plus500 – Ideal Forex Broker for Experienced Traders

 

AvaTrade Review New

 

AvaTrade

AvaTrade is amongst Africa’s highest regulated, trusted Forex and CFD Brokers. License and Regulations include ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and, the JFSA. Accounts available include:

 

  • Retail Account – Best Suited to Beginner and Casual Traders
  • Professional Account – Best Suited to Established Traders
  • Islamic Account – Specifically created for Muslim Traders

 

In addition, a Demo Account is available. Supported Trading Platforms include AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade. Notable features include:

 

  • Copy and Social Trading
  • 24/5 Multilingual Customer Support
  • Multiple Base Currencies, including ZAR and AUD
  • Spreads from 0.6 Pips
  • Leverage of up to 1:400 on the Pro Account

 

Trading instruments and Products include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.

 

🔎 Broker🥇 AvaTrade
💴 Minimum Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage is capped at 1:30 for retail accounts

 

Our Insights

The benefits of trading with AvaTrade include a full Forex and CFD trading experience for beginner and expert traders.

 

Exness Review

 

Exness

Exness is a highly regulated and trusted Brokerage. License and Regulations include FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, and, the CMA. Accounts available are:

 

  • Standard Account – Suitable for All Traders
  • Standard Cent Account – Ideal for Novice Traders
  • Raw Spread Account – Suited to Traders interested in Low-Spread pricing
  • Zero Account – 0% Spread Costs on key currency pairings
  • Pro Account – Suitable for Experienced Traders

 

In addition, Demo and Islamic, Swap-Free Trading are supported. Trading Platforms available are MetaTrader 4, MetaTrader 5, and, Exness Terminal. Additionally, an Exness Mobile App is available. Notable factors include:

 

  • 24/7 Dedicated Customer Support
  • Spreads from 0.0 Pips
  • Unlimited Leverage
  • Access to Over 100 Currency Pairs
  • A Low 10 USD Minimum Deposit

 

Trading instruments and Products include Forex, Commodities, Stocks, Indices, and,  Cryptocurrencies.

 

🔎 Broker🥇 Exness
💴 Minimum Deposit10 USD
📈 SpreadsFrom 0.0 pips EUR
📉 LeverageUnlimited
🪙 Currency Pairs100+
🤝 Affiliate Program✅Yes
🚀 Open an Account
👉 Click Here

 

Exness Review

 

Pros and Cons

 

✅ Pros❌ Cons
Flexible trading accountsDemo account is only valid for 21 days
Well-regulated + Comprehensive fund protectionLimited product portfolio
Powerful trading platformsCountry Restrictions

 

Our Insights

The benefits of trading with Exness include access to low spreads and leverage, a comprehensive array of financial assets, and, a strong commitment to regulatory compliance.

 

Saxo Bank Review

 

SAXO

SAXO, or, SAXO Bank is amongst the highest regulated Forex, CFD, and, Global Finacial Service Providers. It is licensed and regulated by 14 Tier-1 Entities. Account options available are:

 

  • Classic Account – Best Suited to Beginners and Casual Traders
  • Platinum Account – Ideal for Experienced and Professional Traders
  • VIP- Exclusive Access to Professional and Institutional Traders

 

Supported Trading Platforms include SaxoTraderGO and SaxoTraderPro. In addition, Notable Factors and Features include:

 

  • 18 Base Currencies
  • No Inactivity Fee is Charged
  • 24/5 Customer Support
  • Spreads from 0.4 Pips
  • Leverage of up to 1:30
  • Access to over 180 Currency Pairs

 

Trading instruments and Products include Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, and, mutual funds.

 

🔎 Broker🥇 Saxo
📈 Ease of Use4/5
📉 Support Hours24/5
📊 Trading PlatformsSaxoTraderGO, SaxoTraderPRO
💹 Account TypesClassic, Platinum, VIP
💴 Base Currencies18 currencies
🅰️ SpreadsFrom 0.4 pips
🅱️ Leverage1:30
💸 Currency Pairs185+
💳 Minimum Deposit0 USD
🚫 Inactivity FeeNone
⚙️ Website LanguagesEnglish, Danish, French, etc.
💰 Fees and CommissionsSpreads from 0.4 pips; commissions from $0 on Mutual Funds
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States
📈 Scalping✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

 

✅ Pros❌ Cons
Instructional resourcesHigh Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

The benefits of trading with SAXO include access to over 71,000 financial instruments across various asset classes.  

 

HFM Review

 

HF Markets

HFM or HF Markets, previously known as Hotforex, is a popular and trusted Forex Brokerage. Regulations include the FSCA, CySEC, DFSA, FSA, FCA, FSC, and, CMA. Accounts available are:

 

  • Cent Account – Ideal for Beginners
  • Premium Account – Best Suited to Experienced Traders
  • Zero Account – Suitable for Scalpers
  • Pro Account – Available to Professional and Institutional Traders

 

Moreover, Islamic, Swap-Free, and Demo Trading are available. Supported Trading Platforms include MT4 and MT5. Additionally, a Proprietary HFM Mobile App is available. Notable Factors and Features include:

 

  • Multiple Base Currencies, including ZAR and JPY
  • Spreads from 0.0 Pips
  • Leverage of up to 1:2000
  • Occassional Bonus Offers and Promotions

 

Trading instruments and Products include Forex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, and, ETFs.

 

🔎 Broker🥇 HFM
💴 Minimum Deposit$0
📌 Regulation and LicensesFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
⚙️ Trading PlatformsMT4, MT5, HFM Trading App
🚀 Open an Account
👉 Click Here

 

HFM

 

Pros and Cons

 

✅ Pros❌ Cons
Top-tier RegulationRegional constraints
Segregated Accounts for Client FundsInactivity fees

 

Our Insights

The Benefits of trading with HF Markets include a highly regulated trading environment and the segregation of client funds.

 

FxPro Review

 

FxPro

FxPro is a highly regulated and popular Forex Service provider. Regulations by renowned and trusted agencies include the FCA, CySEC, SCB, FSCA, and, the FSC. Account options offered include:

 

  • Standard Account – Best Suited to Beginners and Casual Traders
  • Pro Account – Ideal for Professional Traders
  • Raw+ Account – Suited to Active Traders
  • ECN Account – Ideal for Scalpers, Day Traders, and, Algorithmic Investors

 

In addition, a Demo Account is available. Trading Platforms supported are MetaTrader 4, MetaTrader 5, and, cTrader. Moreover, a Proprietary Mobile App is available. Notable Factors and Features include:

 

  • 24/5 Customer Support
  • Multiple Base Currencies, including ZAR and USD
  • Spreads from 0.0 Pips
  • Access to Over 70 Currency Pairs

 

Trading instruments and Products include Forex, futures, indices, shares, metals, energies, and, crypto CFDs.

 

🔎 Broker🥇 FxPro
📌 Year Founded2006
📍 Amount of staff500+
⭐ Publicly TradedNone
🛡️ RegulationFCA,
CySEC,
ASIC
🌎 Country of regulationUK,
Cyprus,
Australia
↪️ Account Segregation✅Yes
🚨 Negative balance protection✅Yes
📈 Investor Protection SchemesFSC, FSCS, and
others
🅰️ Institutional Accounts✅Yes
🅱️ Managed Accounts✅Yes
📉 Minor account currenciesMultiple
📊 Minimum Deposit100 USD
⏰ Avg. deposit processing timeInstant to 1
business day
⏱️ Avg. Withdrawal processing time1-5 business days
💴 Fund Withdrawal FeeNone
💶 Spreads from0.0 pips
💵 CommissionsVariable
💷 Number of base currencies6
💳 Swap FeesVariable
⏹️ LeverageUp to 1:500
⏺️ Margin requirementsVariable
☪️ Islamic account✅Yes
🆓 Demo Account✅Yes
🖥️ Order Execution TimeMilliseconds
💻 VPS Hosting✅Yes
📊 CFDs Total Offered2000+
💹 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
💱 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
Credit/Debit cards,
e-wallets
💶 Withdrawal OptionsBank transfer,
Credit/Debit cards,
e-wallets
➡️ Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader
↪️ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex trading toolsEconomic calendar, trading signals, charting tools
🥰 Customer SupportResponsive
🗯️ Live chat availability✅Yes
💌 Support Email[email protected]
☎️ Support ContactVaries by Region
🐦 Social mediaTwitter,
Facebook,
LinkedIn,
Instagram
📍 LanguagesEnglish,
Spanish,
German,
French,
Italian,
Arabic,
Chinese,
Japanese
✏️ Forex course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesTutorials,
articles,
videos
📒 Affiliate program✅Yes
📑 IB Program✅Yes
🗃️ Sponsor notable events/teams✅Yes
🗄️ Rebate program✅Yes
📌 Account TypesStandard,
Raw+,
Elite
🅰️ Cent AccountsNone
🅱️ Micro AccountsNone
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
🌟 Suited to Active Traders✅Yes
*️⃣ Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Click Here

 

FxPro Overview

 

Pros and Cons

 

✅Pros❌Cons
MetaTrader 4 and 5Basic FXPro App
cTrader accountsCommissions on cTrader accounts
Wide Range of Trading InstrumentsWithdrawal Processing Times
Diverse Educational ResourcesLimited Advanced Content
Multiple Platform OptionsSpread Variability
Flexible LeveragePotential for Higher Risk with Leverage
No Deposit or Withdrawal FeesComplexity for New Traders

 

Our Insights

The benefits of trading with FxPro include access to competitive spreads and innovative trading tools.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a trusted Forex and CFD Broker with a High User Trust Score. Regulations include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Account options include:

 

  • CFD Account – Available in all Jurisdictions
  • Spread Betting Account – Available in the United Kingdom
  • Corporate Account – Available to Institutional Traders

 

Moreover, a Demo Account is available. Supported Trading Platforms include MetaTrader 4 and Next Generation. Additionally, a Proprietary Mobile App is available. Notable Factors include:

 

  • Multiple Base Currencies, including NZD and SEK
  • Access to over 300 Currency Pairs
  • Multilingual Customer Support, including French and German
  • Spreads from 0.3 Pips

 

Trading instruments and Products include Forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs.

 

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

The benefits of trading with CMC Markets include access to educational resources and trusted customer support.

 

FXCM Review

 

FXCM

FXCM is a globally recognized Forex and CFD Broker. Regulations by renowned and trusted agencies include the FCA, ASIC, CySEC, and, the FSCA. Accounts options available are:

 

  • CFD Account – Available to All Traders
  • Demo Account – Available to All Traders

 

Supported Trading Platforms include Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, and, ZuluTrade. Moreover, a proprietary mobile app is available for download. Notable factors and features include:

 

  • A Rebates Program
  • Spreads from 0.2 Pips
  • Leverage of up to 1:400 (Depending on Region)
  • Multilingual Customer Support

 

Trading instruments and Products include Forex, shares, indices, commodities, cryptocurrencies, Forex Baskets, and, Stock Baskets.

 

🔍 Broker🥇 FXCM
💵 Minimum Deposit50 USD
4️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes
🕰️ Support Hours24/5
🚀 Open an Account👉 Click Here

 

FXCM

 

Pros and Cons

 

✅ Pros❌ Cons
Multitude of educational materialsHigh Currency conversion fees
Multiple Account TypesNarrow asset portfolio
24-hour multilingual customerLimited Trading Platforms

 

Our Insights

The Benefits of trading with FXCM include access to trading tools, educational resources, and, friendly customer support.

 

FXTM Review

 

FXTM

FXTM is a trustworthy and highly regulated Forex and CFD Broker. License and Regulations include CySEC, FSCA, FCA, CMA, and, the FSC Mauritius. Account Options available are:

 

  • Micro Account – Best Suited to Beginners
  • Advantage Account – Ideal for Casual Traders
  • Advantage Plus Account – Suited to Day Traders, Scalpers, and, Algorithmic traders

 

In addition, an Islamic, Swap-Free Account and Demo Options are available. Supported Trading Platforms include MT4 and MT5. Additionally, a Proprietary Mobile App is available for Download. Notable factors include:

 

  • Spreads from 0.0 Pips
  • Leverage of up to 1:2000
  • Access to over 60 Currency Pairs
  • Low 10 USD minimum Deposit

 

Trading instruments and Products include Forex, Forex Indices, Spot Metals, Spot Commodities, Spot Indices, Stock Baskets, and, Crypto CFDs.

 

🔎 Broker🥇 FXTM
💴 Minimum Deposit10 USD
💵 Inactivity Fee$5 after 6 months of inactivity
🎁 BonusesReferral bonus
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, FXTM Trader
📌 Account TypesMicro, Advantage, Advantage Plus
💷 Base CurrenciesUSD, EUR, GBP, NGN
🚀 Open an Account👉 Click Here

 

FXTM Overview

 

Pros and Cons

 

✅ Pros ❌ Cons
Micro Account for BeginnersInactivity Fee
Dedicated customer support teamsFees apply to most withdrawal methods

 

Our Insights

The Benefits of Trading with FXTM include access to a wide range of trading assets and user-friendly platforms.

 

Pepperstone

 

Pepperstone

Pepperstone is a trustworthy and highly regulated Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Account Options include:

 

  • Standard Account – Suitable to all Traders of all Skill Levels
  • Razor Account – Best Suited to Scalpers, Day Traders, and, Automatic Traders

 

Moreover, Islamic and Demo Trading are supported. The minimum deposit is AU$ 200. Supported Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. Notable Factors and Features include:

 

  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • 24/7 Customer Support
  • USD and GBP Base Currencies
  • Access to over 70 Currency Pairs
  • TradingView Integration

 

Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs.

 

🔎 Broker🥇 Pepperstone
💴 Minimum DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include access to responsive, user-friendly, and, dedicated Customer Support.

 

Plus500

 

Plus500

Plus500 is a globally recognized, well-established, highly regulated Forex, CFD, and, Financial Services provider recognized. Regulations include ASIC, FSCA, FCA, CySEC, FSA Seychelles, and, MAS. Live (Standard), Professional, and Islamic, Swap-Free accounts are available. Moreover, a Demo Account is offered. Notable Factors include:

 

  • 24/7 Multilingual Customer Support
  • USD and EUR Base Currencies
  • Leverage of up to 1:300
  • Spreads from 0.8 Pips

 

Trading Platforms supported are Proprietary. Trading instruments and Products include Cryptocurrencies, Forex, indices, commodities, shares, options, and, ETFs.

 

🔎 Broker🥇 Plus500
📈 RegulationASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS, CFTC
📉 Ease of Use5/5
📊 Support Hours24/7
💹 Trading PlatformsPlus500 platform
↪️ Account TypesLive Trading Account
💴 Base CurrenciesUSD, GBP, ZAR, EUR
📌 SpreadsFrom 0.8 pips
📍 Leverage1:300
💶 Currency Pairs60+; minor, major, and exotic pairs
💵 Minimum Deposit100 USD
💷 Inactivity FeeYes, 10 USD after three months of inactivity
🚀Open an Account👉 Click Here

 

Plus500 Overview

 

Pros and Cons

 

✅ Pros❌ Cons
The Plus500 platform does not have a high learning curve like other platformsPlus500 does not offer MetaTrader or any other third-party platforms
Plus500’s demo account is ideal for testing trading strategies and practicing tradingThere are high CFD fees because of wider, marked-up spreads
Plus500 works on a spread-only basis, free from commission feesThere is a 0.7% currency conversion fee

 

Our Insights

The Benefits of selecting Plus500 include commission-free trading. The Brokers operate on a Spread-only basis.

 

Forex Trading Ghana

 

Is Forex Trading Legal in Ghana?

Forex Trading Ghana is Legal and available without restriction. Moreover, it is governed by the country’s Central Bank.

 

Is Forex Trading Legal in Ghana?

 

In Conclusion

Forex Trading in Ghana has seen a notable rise in popularity in recent years. Moreover, it is well-governed by the country’s Central Bank. In addition, International Forex Brokers accept Ghanaian Traders.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best Forex Brokers that accept Ghanaian Traders, we found 10 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Forex Trading Ghana is Legal and available without restriction.

The Central Bank of Ghana.

The Ghanaian Cedi (GHS).

One of the most successful traders in Africa is Ref Wayne.

Forex Brokers accepting Mobile Money include Pepperstone and Exness.

The richest and Most Successful Forex Traders in Africa include Sandile Shezi, Simz D’madla, and, George van der Riet.

The AvaTrade Minimum deposit is 100 USD.

Over 100 Currency Pairs, including Major, Minor, and, Exotic Pairs.

SAXO supports Scalping and Hedging.

A proprietary HF Markets Mobile App is available.

FxPro allows trading on crypto CFDs. However, the availability varies by the trader’s country of residence.

CMC Markets offers 24/5 Customer Support.

The FXCM Minimum deposit is 50 USD.

An Inactivity Fee of 5 USD is charged after 6 Months of Inactivity.

Trading Platforms supported include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.

Plus500 does not support Hedging or Scalping.

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