Ghana Forex Brokers

Situated in the west of Africa country’s economy is based on industrial minerals, precious metals, and hydrocarbons. Despite the economic hardship, the Ghana government has come up with an economic plan to become Africa’s most economically stable country by the end of the decade, which also includes Forex trading development.

Forex Regulation in Ghana

Forex trading is legal in Ghana. Despite the fact that it is considerably new in the country, it has become quite widespread. In many African countries, forex trading is not that popular yet, while in Ghana it is not only popular but also the country has a special separate regulatory authority controlling the sector – The Bank of Ghana.

The official website of The Bank of Ghana is

  • The regulatory body imposes special laws and rules, which can keep some brokers away from Ghana’s forex trading market and disable them to accept Ghana residents. However, there are still reliable brokers that are available for Ghana traders.

  • The main task of the Bank of Ghana is to control the banking and credit system. It ensures the effective management of the country’s internal and external financial services. Also, the Bank promotes relations with Ghana’s international banking and financial institutions.

🛡️Is It safe to trade Yes
🔒Negative Balance ProtectionNo
💰Compensation Scheme No

Best Forex Brokers in Ghana

Our list of Brokers in Ghana consists of the Regulated brokers only, which are advised and safe for investing. Besides, they are defined according to the specified criteria and the Trust Scores.

What Is Pip in Forex Trading?

Pip is commonly defined as a percentage in point or price interest point. Pip is a measure of the exchange rate movement between two currencies. To put in short, a pip is one-hundredth of one percent. In forex exchange, a pip has a major role, as the movement in the exchange is measured by pips.
Generally, the pip value depends on the currency pair, as well as the exchange rate and the trade value.

What is Spread in Forex for Ghana?

As forex trading is quite new in Ghana, many traders may still not be acquainted with the most common terms of forex trading. For instance, spread in forex is one of the most essential concepts. It is the difference between a forex broker’s sell rate and buy rate when currencies are exchanged or traded. It depends on the involved currency of course, but spreads can be narrow or wider.

Among the important factors are also the time of the day the trade is conducted, as well as the current economic situation. When brokers wider their spreads, it means traders will have to pay while making a purchase and get less in the case of selling.

Trading Brokers Forex Ghana List

These are the regulated brokers that accept clients from Ghana:

Broker Detail
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
HFM Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Pepperstone Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP
FP Markets Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
BDSwiss Review
FXchoice Review logo FXChoice
Min. Deposit: $100
Max. Leverage: 1:200
Trading Platforms: MT4, MT5
Regulation: FSC
FXChoice Review
Min. Deposit: 1 USD
Max. Leverage: 1:3000
Trading Platforms: MT4, MT5, FBS trader
Regulation: CySEC, FSC, FSCA, ASIC
FBS Review
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB
Eightcap Review
Min. Deposit: US$100
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: MFSC
Orbex Review
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review