10 Best Forex Brokers in Ghana
Last Update: June 26th, 2024
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:
- The Best Forex Brokers in Ghana – a List
- Who is the best forex trader in Ghana?
- Which broker is the best in Ghana?
- Is forex trading legal in Ghana?
- Which broker uses Mobile Money in Ghana?
- The 10 Best forex brokers in Ghana for Beginners
- Richest and Most Successful Forex Traders in Ghana
- The Best Forex trading platforms in Ghana
- The Best MetaTrader Forex Brokers in Africa
and much, MUCH more!
10 Best Forex Brokers in Ghana – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💶 Min. Deposit |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 100 USD |
| 🥈 Exness | 👉 Click Here | ✅Yes | 10 USD |
| 🥉 Saxo | 👉 Click Here | ✅Yes | None |
| 🏅 HF Markets | 👉 Click Here | ✅Yes | None |
| 🎖️ FXPro | 👉 Click Here | ✅Yes | 100 USD |
| 🥇 CMC Markets | 👉 Click Here | ✅Yes | None |
| 🥈 FXCM | 👉 Click Here | ✅Yes | 50 USD |
| 🥉 FXTM | 👉 Click Here | ✅Yes | 10 USD |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | AU$ 200 |
| 🎖️ Plus500 | 👉 Click Here | ✅Yes | 100 USD |
10 Best Forex Brokers in Ghana (2024)
- ☑️ AvaTrade – Overall, the Best Forex Broker in Ghana
- ☑️ Exness – The Best Overall Trading Experience
- ☑️ Saxo – High User Trust Score
- ☑️ HF Markets – The Best Forex Broker for Beginners
- ☑️ FxPro – The Best MT4 and MT5 Forex Broker
- ☑️ CMC Markets – Best Online Trading Experience
- ☑️ FXCM – Low GHS Minimum Deposit Forex Broker
- ☑️ FXTM – Best Broker with a Micro Account
- ☑️ Pepperstone – Best Broker with a Referal Bonus
- ☑️ Plus500 – Ideal Forex Broker for Experienced Traders
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 Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage 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
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 Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country 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
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 Use | 4/5 |
| 📉 Support Hours | 24/5 |
| 📊 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 💹 Account Types | Classic, Platinum, VIP |
| 💴 Base Currencies | 18 currencies |
| 🅰️ Spreads | From 0.4 pips |
| 🅱️ Leverage | 1:30 |
| 💸 Currency Pairs | 185+ |
| 💳 Minimum Deposit | 0 USD |
| 🚫 Inactivity Fee | None |
| ⚙️ Website Languages | English, Danish, French, etc. |
| 💰 Fees and Commissions | Spreads from 0.4 pips; commissions from $0 on Mutual Funds |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures 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.
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 Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Top-tier Regulation | Regional constraints |
| Segregated Accounts for Client Funds | Inactivity fees |
Our Insights
The Benefits of trading with HF Markets include a highly regulated trading environment and the segregation of client funds.
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 |
| 💴 Minimum Deposit | 100 USD |
| 💵 Inactivity Fee | None |
| 💶 Fees and Commissions | Spreads from 0.0 pips, commissions from $7 per round turn on Forex |
| 🤝 Affiliate Program | ✅Yes |
| 🌎 Banned Countries | The United States, Canada, Iran |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 5️⃣ Ease of Use Rating | 4/5 |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| MetaTrader 4 and 5 | Basic FXPro App |
| cTrader accounts | Commissions on cTrader accounts |
Our Insights
The benefits of trading with FxPro include access to competitive spreads and innovative trading tools.
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 Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
The benefits of trading with CMC Markets include access to educational resources and trusted customer support.
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 Deposit | 50 USD |
| 4️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes |
| 🕰️ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Multitude of educational materials | High Currency conversion fees |
| Multiple Account Types | Narrow asset portfolio |
| 24-hour multilingual customer | Limited Trading Platforms |
Our Insights
The Benefits of trading with FXCM include access to trading tools, educational resources, and, friendly customer support.
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 Deposit | 10 USD |
| 💵 Inactivity Fee | $5 after 6 months of inactivity |
| 🎁 Bonuses | Referral bonus |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 📌 Account Types | Micro, Advantage, Advantage Plus |
| 💷 Base Currencies | USD, EUR, GBP, NGN |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Micro Account for Beginners | Inactivity Fee |
| Dedicated customer support teams | Fees apply to most withdrawal methods |
Our Insights
The Benefits of Trading with FXTM include access to a wide range of trading assets and user-friendly platforms.
Pepperstone
Pepperstone is a trustworthy and highly regulated Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Account Options include:
- Standard Account – Suitable to all Traders of all Skill Levels
- Razor Account – Best Suited to Scalpers, Day Traders, and, Automatic Traders
Moreover, Islamic and Demo Trading are supported. The minimum deposit is AU$ 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 Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include access to responsive, user-friendly, and, dedicated Customer Support.
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 |
| 📈 Regulation | ASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS, CFTC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/7 |
| 💹 Trading Platforms | Plus500 platform |
| ↪️ Account Types | Live Trading Account |
| 💴 Base Currencies | USD, GBP, ZAR, EUR |
| 📌 Spreads | From 0.8 pips |
| 📍 Leverage | 1:300 |
| 💶 Currency Pairs | 60+; minor, major, and exotic pairs |
| 💵 Minimum Deposit | 100 USD |
| 💷 Inactivity Fee | Yes, 10 USD after three months of inactivity |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The Plus500 platform does not have a high learning curve like other platforms | Plus500 does not offer MetaTrader or any other third-party platforms |
| Plus500’s demo account is ideal for testing trading strategies and practicing trading | There are high CFD fees because of wider, marked-up spreads |
| Plus500 works on a spread-only basis, free from commission fees | There 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.
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.
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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit 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.
You might also like:
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.
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