if you are reading this article, you are looking for a forex broker. Forex trading is gaining popularity in Ghana, finding the right online forex broker can be a daunting task with every online forex broker that offers trading services. we have selected the best forex brokers in Ghana to offer the best trading conditions in a secure environment.
Who regulates forex brokers in Ghana?
Forex trading in Ghana is regulated with permission from Ghana Banks. The SEC has been established by a government to promote growth in Ghana’s stock markets and provides protection for investors and a transparent financial system. Forex traders from the country are allowed to trade only on foreign currency markets by offshore forex brokers that accept mobile payments and traders from Ghana. A government initiative aimed at encouraging investors to start trading with Ghana will allow the regulator to regulate and grant licences to the companies.
What payment options are available for forex traders in Ghana?
Forex trading in Ghana is possible by using all of the conventional payment methods provided by a reliable broker. This includes transferring funds directly to banks, bank accounts and online payments such as Mobile Money, PayPal, Skrill and Neteller etc….
Is it safe to trade forex in Ghana?
Yes, Forex trader in Ghana is possible to make profits from acquiring a good Forex trading company in Ghana. Forex trading has become an industry-leading trading platform and a major market in many markets worldwide. Using electronic trading platform, Forex is now accessible worldwide. In general, Forex markets attract a large number of illegal forex dealers as well as scam forex traders. You must only use a trusted Forex broker that specializes in Forex trading.
How to open a live forex trading account in Ghana
Register in a Forex account that is trusted by traders. The broker should be licensed by an authority of the highest level. Obtain a registration form. Please click on this button and you will receive an e-mail address. If you have any questions about this product, you will get a confirmation by contacting us by phone. Fill in any necessary data provided by broker for authentication and the account is created immediately. When your Account is online you deposit money, setup charts, trade platforms and learn advanced trading tools.
HF MARKETS
HF Markets is a popular forex broker in the industry offering services and trading tools to meet the needs of individual and institutional traders. This forex broker is known as a leader in the industry, for offering excellent trading conditions to its clients and almost unlimited access to liquidity for scalper traders.
HF Markets offers two industry leading trading platforms Metatrader 4 and Metatrader 5, 1:1000 leverage, learnings from 1 pip, no other commissions and attractive bonuses.
Regulated: FCA, CySEC, DFSA, FSCA
Platforms: Web MetaTrader 4 MetaTrader 5
Min. first deposit: $5
Transaction volume: 0.01 Lot
Spread: Variable
Leverage: 1:1000
Funding: Credit Card, Debit Card, Neteller, Skrill, Sofort, FasaPay, WebMoney, BitPay, Bank Transfer
Head Office: Mauritius
EXNESS
Exness is a global forex broker that offers a wide range of trading instruments to give access to the financial market, such as currency pairs, cryptocurrencies, more than 70 CFDs on stocks, indices and commodities.
exness offers access to a leverage of up to 1:2000, two user-friendly trading platforms, five trading accounts, low spreads and 0% deposit and withdrawal fees please note deposits and withdrawals at exness are instant.
Regulated: FCA, CySEC
Platforms: Web MetaTrader 4 MetaTrader 5
Min. first deposit: $1
Transaction volume: 0.01 Lot
Spread: Variable
Leverage: 1:2000
Funding: Bitcoin, Debit Card, Credit Card, Skrill, Neteller, Perfect Money, Tether, Wire Transfer
Head Office: Cyprus
OCTAFX
Octafx is a well known forex broker in the industry offering very competitive trading services in terms of trading costs and spreads, that’s why it set as a goal to keep the trading costs low, executing 97.5% of the orders without slippage using STP models. As far as trading accounts are concerned octafx offers two types of trading accounts with a minimum deposit of $5, offers a wide range of trading instruments such as currency pairs, commodities, stocks, and crypto-currencies.
Regulated: CySEC
Platforms: Web, MetaTrader 4, MetaTrader 5, cTrader
Min. first deposit: $5
Transaction volume:
Spread: Variable
Leverage: 1:500
Funding: Local Bank Transfer, Bitcoin, Neteller, Dogecoin, Skrill, Credit Card
Head Office: Saint Vincent and the Grenadines
ROBOFOREX
Roboforex is an award-winning online broker that provides access to an impressive range of over 12,000 trading instruments in 8 asset classes. traders can expect to trade over 40 currency pairs with roboforex, as well as tight spreads, low commission fees and leverage of up to 1:2000.
roboforex offers a wide range of trading tools and flexible trading platforms with user-friendly interfaces such as Metatrader 4, Metatrader 5, and R stocks. They also provide beginners with a demo account and a wide range of educational tools to improve trading skills.
Regulated: IFSC
Platforms: MetaTrader 4, MetaTrader 5, R Trader, cTrader
Min. first deposit: $5
Transaction volume:
Spread: Variable
Leverage: 1:2000
Funding: Bank Transfer, Credit/Debit Card, E-Wallets, Crypto
Head Office: Belize
FXTM
FXTM is a world-class online broker founded in 2011 as part of an effort to provide superior trading conditions and better education to the online forex trading community. They offer their clients the ability to trade over 250 currency pairs, CFDs, commodities and stocks using a range of trading tools.
FXTM offers Metatrader 4 and Metatrader 5 as trading platforms that are very well known by traders around the world in the industry, with average spreads of 0.0 pips with a commission of 0.40 to $2. FXTM has a maximum leverage of up to 1:2000 and a demo and Islamic account for Muslim traders
Regulated: CySEC, FCA, FSC, FSCA
Platforms: MetaTrader 4 MetaTrader 5
Min. first deposit: $10
Transaction volume:
Spread:
Leverage: 1:2000
Funding: Credit Cards, PayRedeem, Perfect Money Skrill, Worldpay, Yandex Money
Head Office: Cyprus
FUSION MARKETS
Fusion Markets is an Australian forex broker created in 2017, which offers flexible trading platforms and account types with very competitive trading. Fusion Markets is regulated by ASIC and VFSC on vanuatu. the broker allow to trade more than 120 trading instruments like forex, commodities, crypto currency, stocks, indices, metals and energy with a flexible and user friendly trading platform.
Regulated: ASIC
Platforms: MetaTrader 4, MetaTrader 5
Min. first deposit: $1
Transaction volume: 0.01 Lot
Spread:
Leverage: 1:500
Funding: Credit Cards, FasaPay, Neteller, PayPal, Perfect Money, Skrill STICPAY, Wire Transfer
Head Office: Australia
Spread comparison of the best Forex brokers in Ghana
The spread in forex trading represents the difference in the asking price and the bid price for one currency. Spreads are not fixed. They vary according to currency pairs, liquidity and market developments. Brokers can increase the bids-ask spread, so that an investor would pay more for a product when compared with a seller. Thus, this criteria is arguably a major factor when choosing an optimal forex broker.