We found 11 online brokers that are appropriate for Trading Ghana.
The Ghana brokers or Ghanaian brokers are highly professional and well regulated even though the country is ranked as poor by the World Bank.
The Ghana Stock Exchange is an authorized stock exchange in the country and a African Securities Exchanges Association (ASEA) member. It has a market capitalization of about 63,000 million cedi, the national currency of the country.
The Ghana financial markets and Ghana brokers are regulated by the Bank of Ghana, which mainly oversees stock, Forex and CFD trading activities in the country.
The Central Bank of Ghana focuses on ensuring funds of depositors are safe and secured while they are trading in the financial institutions. It enforces regulations and promotes fair competition in the market. It looks the payment system of traders is efficient on the platform of Ghana brokers.
Traders should deal with licensed Ghana brokers and if a new trader open multiple a demo accounts with a few brokers to gain some experience trading the country's financial markets, the trading platforms and understand investment strategies when trading in stocks, Forex, CFDs or commodities.
The country is counted among one of the richest in Africa in terms of natural resources and after the inclusion of oil in exports its GDP took a significant growth.
The country has lately undertaken several development projects that include the expansion of infrastructure and road constructions. The Banking Act of 2007 lays down a good financial foundation in Ghana that is highly favorable for traders.
Even though Ghana is one of the richest countries in the continent, there are certain challenges that may come across traders as significant obstacles. In terms of ease of doing business it is ranked 114th in the world and World Bank has positioned Ghana 108th for starting a business. These rankings indicate a challenging environment in the country.
World Bank further ranks Ghana at 73rd and 99th for getting credit and protecting minority investors respectively.
Ghana also frequently faces exchange and interest rate fluctuations. The high inflation is a real challenge for traders and an unstable environment means borrowing money could be risky.
Foreign traders are gladly welcomed in Ghana and below are some suggestions on what to consider before investing in the country:
Ghana is not as safe to trade as some larger economies, but there are ample opportunities to make money depending on your investment strategy. Research thoroughly before placing a trade, test your strategy by initially trading with demo accounts and be cautious as you gain experience.
Ghana has been a world financial center for many centuries.
Restructuring and deregulation has transformed the financial sector during the last 3 decades with important changes in the The Ghana Stock Exchange (GSE), insurance, banking, shipping, and commodity markets.
Ghana known as Republic of Ghana has a number of established reputable financial markets.
The main Ghana securities markets include the The Ghana Stock Exchange (GSE) which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.
The Bank of Ghana is responsible for issuing monetary policy in Ghana.
We've collected thousands of datapoints and written a guide to help you find the best Ghana Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best ghana brokers below.
When trading in Ghana you will need to know what your options with your Ghana trading broker are.
We list below the trading account types available in Ghana. If you are looking for brokers in Ghana that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Ghana broker guide will explain the things you should check and be aware of before you invest.
Forex trading is growing in popularity in Ghana. The volume of Forex traded in Ghana has increased year on year over the last five years.
Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.
Advances in online technology, higher internet coverage in Ghana and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.
Their is a misconception that trading Forex on the financial market in Ghana is considered unsafe. This is not the case, Forex trading in Ghana is very active.
Trading in Forex is allowed in Ghana as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Ghana Forex trading is not banned, their are many international online brokers offering favourable trading conditions.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Ghana the trader should make sure all taxes owed for a financial year are paid. Ghana taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Ghana. You should seek advice with a Ghana tax professional to ensure they are abiding by all proper tax laws in Ghana. In Ghana Islamic accounts do not have additional restrictions on trades.
Cryptocurrency markets in Ghana are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in Ghana things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Ghana for example.
Due to a large young population in Ghana with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Ghana. $6 billion USD worth of Bitcoin is traded daily around the world.
In Ghana commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Ghana since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Ghana are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Ghana here.
Ghana brokers support Islamic accounts or swap-free accounts. Ghana Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Ghana offer accounts that are suitable for Islamic traders. These Ghana brokers complies with Sharia law.
Ghana economy and population is growing. The middle class population in Ghana is increasing which means a growing consumer base. Many business and financial opportunities exist in Ghana. Ghana has a young population educated in technology and the internet.
Ghana digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Ghana guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Ghana Brokers offering high leverage trades in Ghana can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Ghana brokers offer as a level of protection. you can learn more about further below on this guide.
There are a number of important factors to consider when picking an online Ghana trading brokerage.
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Ghana broker if you wish your broker to be 100% local check they are governed and regulated by the below.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Ghana Brokers (GH).
Compare Ghana Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are ghana brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more ghana brokers that accept ghana clients
Broker |
Roboforex
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AvaTrade
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XTB
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XM
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Pepperstone
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FP Markets
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Trading212
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NordFX
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Plus500
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EasyMarkets
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FXPro
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locality | Roboforex accept Ghana clients | AvaTrade accept Ghana clients | XTB accept Ghana clients | XM accept Ghana clients | Pepperstone accept Ghana clients | FP Markets accept Ghana clients | Trading 212 accept Ghana clients | NordFX accept Ghana clients | Plus500 accept Ghana clients | easyMarkets accept Ghana clients | FxPro accept Ghana clients |
Regulation | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 1 | 100 | No minimum deposit | 5 | 200 | 100 | 1 | 1 | 100 | 100 | 100 |
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Used By | 10,000+ | 300,000+ | 250,000+ | 3,500,000+ | 89,000+ | 10,000+ | 15,000,000+ | 10,000+ | 15,500+ | 142,500+ | 1,866,000+ |
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Platforms | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
Sign
Up with roboforex |
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Up with avatrade |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with fpmarkets |
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Up with trading212 |
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Up with nordfx |
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Up with plus500 |
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Up with easymarkets |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
Roboforex Demo |
AvaTrade Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
NordFX Demo |
Plus500 Demo |
easyMarkets Demo |
FxPro Demo |
Excluded Countries | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, CA | US, CA, EU, RU, SY, KP, CU | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR |
You can compare Ghana Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Ghana Brokers for 2022 article further below. You can see it now by clicking here
We have listed top Ghana brokers below.