Namibian Dollar Forex Trading Accounts
Scam Forex Brokers in Ghana
5 Best Forex Trading Apps in Ghana.
The 5 best forex trading apps in Ghana revealed. We have explored and tested several prominent trading apps for forex trading in Ghana to identify the 5 best.
This is a complete guide to the 5 best forex trading apps in Ghana.
In this in-depth guide you’ll learn:
- Why traders in Ghana use a Forex trading app
- What are the 5 best Forex trading apps for traders in Ghana
- Why more Ghanaian traders are using Forex trading apps
- The pros of trading with a Forex app
- The cons of trading with a Forex app
- How to use a Forex trading app successfully
- How to choose the best Forex trading app in Ghana
- The Best Forex Brokers in Ghana
And lots more…
So, if you’re ready to go “all in” with 5 best Forex trading apps in Ghana…
Let’s dive right in…
- Lesche Duvenage
Best Forex Trading Apps in Ghana
| 🏅 Broker or Provider | 👉 Open Account | 💻 Trading Platform | ✔️ GHS Account | ✅ GHS Deposits | ☪️ Islamic Account |
| Exness Trade | 👉 Open Account | MetaTrader 4 MetaTrader 5 Exness App | No | Yes | Yes |
| HFM App | 👉 Open Account | MetaTrader 4 MetaTrader 5 HF App | No | No | Yes |
| FXTM Trader | 👉 Open Account | MetaTrader 4 MetaTrader 5 Desktop Trading Trading on mobile | No | No | Yes |
| Tickmill App | 👉 Open Account | MetaTrader 4 MetaTrader 5 WebTraider Platform Mobile App | No | No | Yes |
| AvaTradeGO App | 👉 Open Account | MT4, MT5, Ava Social, Ava Protect, Trading Central | No | No | Yes |
10 Best Forex Brokers in Ghana for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Why do traders in Ghana use a Forex trading app?
Forex trading apps for mobile devices have made currency trading more accessible than ever before for traders in Ghana. These Forex apps provide the Ghanaian trader with a wide variety of resources for conducting market research, placing trades, and monitoring their accounts.
5 Best Forex Trading Apps in Ghana
- Exness Trade – Overall, Top Regulated Broker in Ghana
- HFM App – Best ECN Forex Broker in Ghana
- FXTM Trader App – Top CFD Broker in Ghana
- Tickmill App – Top Sign-Up Bonus Forex Broker
- AvaTradeGO App – Top MetaTrader 5/MT5 Forex Broker
1.Exness Trade app
Overview
Exness is licensed to provide its complete array of trading products and services to traders in Ghana.
Traders in Ghana can choose from a variety of account kinds provided by Exness, and the company’s helpful support team is available any time, day or night.
Using the Exness Trade software, you may access the Ghanaian Forex market from the comfort of your own home. Exness’ website, on either mobile or desktop, is modern and straightforward to use.
Overall Rating
- 4.9/5
Min Deposit
$10 / 119 GHS
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Traders in Ghana can quickly switch between their various open trades and assets using the Exness Trader app.
The Exness app simplifies the process of managing your financial assets. Live chat is a welcome addition to the Exness mobile app.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| ⚖️ BoG Regulation | No |
| ✔️ Accepts Ghana Traders? | No |
| 💳 Minimum deposit (GHS) | 113,50 GHS or USD10 |
| 💻 Trading Accounts | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trader app |
| 🔨 Trading Assets | Forex Metals Crypto Energies Indices Stocks |
| 📈 Average spread from | From 0.0 pips |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Ghanaian traders have a variety of retail investor accounts to choose from | The selection of financial products is modest. |
| Exness offers an Islamic account conversion at no additional cost | Exness provides a small selection of payment options for deposits and withdrawals. |
| Exness offers instant deposits and withdrawals | |
| Exness is well-regulated and maintains all client funds in segregated accounts with top-tier institutions | |
| Exness offers an Islamic account conversion | |
| Exness’ customer support is available around-the-clock, seven days a week. |
2. HFM App
Overview
Users of various experience levels can confidently participate in the financial markets with the help of the HFM app.
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 GHS
Regulators
FSCA, CySEC, DFSA, FSA, CMA
Trading Desk
MT4, MT5, HFM Platform (Android & IOS)
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Ghanaian traders can take advantage of market openings with the help of the HFM software’s charting features and common indicators. Users now have easier access to a wealth of data that can inform smarter business choices. Using these instruments also makes it easier to open, close, and shift positions.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| ⚖️ BoG Regulation | Yes |
| ✔️ Accepts Ghana Traders? | No |
| 💳 Minimum deposit (GHS) | 0 GHS or $0 |
| 📈 Average spread from | From 0.0 pips |
| 💻 Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 🔨 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Forex traders in Ghana can take advantage of the EUR/USD currency pair’s low spread of just 0.9 pips. | For Ghanaian HFM traders, there aren’t many convenient local withdrawal and deposit options. |
| Demo trading platforms may be useful for traders of all skill levels. | |
| Ghanaian traders can trade a variety of assets from any computer, smartphone, or tablet connected to the internet thanks to HFM’s user-friendly MetaTrader 4 and 5 platforms. |
3. FXTM Trader App
Overview
You can trade Forex (FX), oil, gold, natural gas, and other assets from your mobile device with the FXTM Trader app. The first steps of trading with the app are creating an account and funding it.
The market is unpredictable; therefore, preparation is key. The FXTM Trader software allows users to instantly adjust to market fluctuations by opening and closing trades.
Overall Rating
- 4.6/5
Min Deposit
$10 / 119 GHS
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Major currency pairs and gold are available for commission- and spread-free trading on FXTM. To comply with requirements in the many countries in which FXTM operates, the company keeps customer funds in a segregated bank account.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FSCA, FCA, FSC Mauritius |
| ⚖️ GHC Regulation | No |
| ✔️ Accepts Ghana Traders? | No |
| 💳 Minimum deposit (GHS) | $10 / 119 GHS |
| 📈 Average spread from | From 0.0 pips |
| 📊 Trading Platform | Micro Account, Advantage Account, Advantage Plus Account |
| 🔨 Trading Assets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Commodities, Stock Baskets |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXTM is a reliable Forex broker since they follow all the requirements set forth by the industry. | There is a $5 maintenance fee for inactive FXTM accounts per month. |
| With FXTM, it’s easy to make deposits and withdrawals. | |
| FXTM never charges a fee for deposits. | |
| There are many learning tools available to FXTM users. | |
| FXTM’s Ghanaian-based support team can communicate with clients in a variety of languages. |
4. Tickmill Mobile App
Overview
Currency pairs, stock indexes, metals, bonds, and commodities are just some of the many financial instruments that traders in Ghana can access on the Tickmill App.
Tickmill’s good trading conditions and extensive selection of trading instruments have helped propel it to the forefront of the CFD Group of brokers.
Overall Rating
- 4.7/5
Min Deposit
1 135 GHS or $100
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Tickmill’s global investor popularity can in large part be attributed to the platform’s helpful and competent customer service team. These experts have won over 20 honours and can aid in 16 different languages.
The Tickmill app has made it easier for traders in Ghana to monitor their holdings and make trades on the go. This all-inclusive software has all the features you need to manage your accounts efficiently.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA |
| ⚖️ GHC Regulation | No |
| ✔️ Accepts Ghana Traders? | No |
| 💳 Minimum deposit (GHS) | 1 135,04 GHS or $100 |
| 📈 Average spread from | From 0.0 pips |
| 📊 Trading Platform | Pro Account, Classic Account, VIP Account |
| 🔨 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low trading fees, a high degree of client confidence, and the availability of numerous practical payment methods, such as Skrill and Neteller, make Tickmill a well-liked trading platform. | Tickmill does not provide fixed spreads to traders in Ghana. |
| Tickmill also enjoys a high level of consumer confidence in Ghana. | |
| Tickmill’s features, like as the FIX API, AutoChartist, and virtual private servers, are a great match for the unique needs of professional traders in Ghana. |
5. AvaTradeGO App
Overview
AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 100. They are licensed by five Tier-1 Regulators (high trust), five Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). And offers a single live trading account with the option between Retail and Professional.
Has an average spread from 0.9 pips EUR/USD with no commission charges. A maximum leverage ratio of up to 1:30 on Retail Accounts and 1:400 on Pro Accounts, and there is a demo and Islamic account available.
Overall Rating
- 4.9/5
Min Deposit
1 135,04 GHS or $100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
AvaTradeGO, MetaTrader 4, MetaTrader 5, and several other platforms are supported. AvaTrade is headquartered in Dublin, Ireland, and is regulated by the Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
The broker is concerned with the trader’s experience, which is complemented by the broker’s solid financial backing and award-winning customer service, which is accessible 24 hours a day in 14 languages.
A diverse choice of trading instruments to traders of all experience levels, including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, and ETFs. Traders may access over 1250 products through a variety of trading platforms for PC and mobile trading applications.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA |
| ⚖️ BoG Regulation | No |
| ✔️ Accepts Ghana Traders? | No |
| 💳 Minimum deposit (GHS) | 1 135,04 GHS or $100 |
| 💻 Trading Accounts | Retail Account, Professional Account |
| 🔨 Trading Assets | Forex, Cryptocurrencies, Commodities, Treasuries, Bonds, Indices, Stocks, ETFs, Options, CFDs, Precious Metals |
| 📈 Average spread from | From 0.9 pips EUR/USD |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The Islamic Account from AvaTrade has no additional costs, and professional traders can use a variety of financial instruments, technical indicators, research tools, and instructional resources. | There are penalties for inactivity and exchange fees. |
| AvaTrade provides a demo account so that new traders can practise their trades without risking any real money. | There are no variable spreads offered. |
Why more Ghanaian traders are using Forex trading apps
Traders in Ghana can now more easily access the foreign exchange market and keep in constant contact with it because to the increasing availability of cellphones. Forex trading software with a simple interface and access to real-time market data allows traders to make educated judgements even when on the road.
Mobile trading apps’ dramatic surge in popularity can be directly attributed to technological developments. These trading programming aid traders with anything from in-depth chart research to trade execution and portfolio management.
Regular forex traders can use the app’s alerts and notifications to keep up with market movements and possibilities. These apps also have secure payment methods, which ensures that traders’ funds are always protected.
Retail traders in Ghana now have a level playing field thanks to mobile trading apps. Historically, large financial institutions and professional currency traders with access to electronic trading platforms have dominated the foreign exchange market.
Private investors, however, now have the same opportunities thanks to trading apps for mobile devices. As a result, traders in Ghana now able to compete fairly with banks and other financial organizations in the foreign currency market.
The pros of trading with a Forex app
- Mobile trading management has shown to be a useful and efficient tool for Ghanaian traders.
- Some of the most noticeable advantages include the ability to place orders in a matter of seconds thanks to trading software interfaces that adapt to any screen size.
- With a mobile trading app, it’s easy to monitor stock prices, track indices, and study commodities.
- Keeping tabs on your investments has never been easier than with real-time alerts and notifications. Checking for new information and following various charts and graphs is simple.
- The same level of security is applied to mobile trading apps as is to desktop trading platforms.
- These solutions, such as fingerprint scanners and two-factor authentication, add an extra degree of protection.
- Mobile trading is here to stay because of its greater portability, security, and simplicity, much like many other recent technological developments.
The cons of trading with a Forex app
However, there are restrictions when it comes to Forex trading on a mobile app:
- The major disadvantage of using a mobile FX trading platform is the limited screen size of mobile devices. The small size of a mobile device screen might make it difficult for novice users to make sense of charts, indicators, and other technical tools.
- Inexperienced traders can be severely hampered by connectivity concerns, such as slow internet speed or inadequate network coverage, which can delay the execution of transactions or even cause them to miss out on potential opportunities. Inexperienced users can avoid these sorts of issues by ensuring they always have access to a stable internet connection.
A closer look at how to use a Forex trading app successfully
To get started with forex trading, opening a demo account is recommended for testing the viability of your well-crafted plan. This should be done when a mobile trading platform that meets your needs has been chosen and installed on your smartphone.
When trading on one’s own, whether using a desktop computer or a mobile device, there are a number of factors to bear in mind.
A “buy” trade is recommended when the market is showing an upward trend, while a “sell” trade should be considered when the market is showing a downward trend.
However, speculative methods, such as spread betting in the Forex market, can be used to profit on these short-term price drops.
However, it is not wise to make purchases or sell at the market’s extreme high or low. That’s why it’s so important to have an early investment philosophy and risk tolerance.
With these constraints in mind, it’s more important than ever to set and clearly define your goals so that you can base your actions on them.
Those that partake in mobile trading and are willing to take risks should make use of the various risk management tools and strategies that can be found on the internet.
It’s crucial to factor this into a holistic risk management strategy to reduce current losses and boost future earnings potential.
Among the most effective methods of risk management is the establishment of stop loss and take profit levels.
Traders can benefit from using both stop-loss and take-profit orders. Stop-loss orders are set up to close a position automatically if its value falls below a predetermined threshold. Take-profit orders, on the other hand, dictate the exact price at which a position must be sold in order to generate a profit.
How to choose the best Forex trading apps in Ghana
Ghanaian traders must evaluate the following components of a forex trading app to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Ghanaian traders must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Ghanaian traders must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments that the broker offers. Ghanaian traders must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor and Ghanaian traders must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Ghanaian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
- eBooks
- Trading guides
- Trading knowledge on leveraged products
- A risk warning on complex instruments
- Educational videos
Research can include some of the following:
- Trading tools
- Commentary
- Status of International Markets
- Price movements
- Market sentiments
- Whether there is a volatile market
- Exchange Rates
- Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Ghana
In this article, we have listed the best brokers that offer Forex trading apps to Ghanaian traders. We have further identified the brokers that offer additional services and solutions to Ghanaian traders.
Best MetaTrader 4 / MT4 Forex Broker
Overall Rating
- 4.7/5
Min Deposit
56,75 GHS or $5
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Alpari is the best MT4 Forex broker in Ghana. Because of its impressive track record Alpari is well regarded by financial professionals as a trustworthy market maker. The trading latency of Alpari is guaranteed to be under one millisecond. Alpari is currently used by over 2 million users.
Best MetaTrader 5 / MT5 Forex Broker
Overall Rating
- 4.9/5
Min Deposit
1 135,04 GHS or $100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, AvaTrade is the best MT5 Forex broker in Ghana. As a trustworthy CFD and FX broker AvaTrade has established a strong reputation. Because it exclusively hires the most prestigious institutions in each regulatory nation to hold its customers’ cash separately, AvaTrade has earned a solid reputation.
Best Forex Broker for beginners
Overall Rating Min Deposit 113,50 GHS or USD10 Regulators CySec, FCA Trading Desk No Trading Desk Crypto Yes Islamic Account Yes Trading Fees Low Account Activation Time 24 Hours
Overall, eToro is the best Forex broker for beginners in Ghana. Users can learn more about the platform through the eToro Academy, eToro Plus paid membership plan, and practice trading accounts, among other resources.
Best Low Minimum Deposit Forex Broker
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 GHS
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Oanda is the best low minimum deposit Forex broker for traders in Ghana. FX traders of all levels can benefit from Oanda’s cutting-edge trading platform.
Best ECN Forex Broker
Overall Rating
- 4.6/5
Min Deposit
56,75 GHS or $5
Regulators
IFSC, CySec, ASIC, FCA
Trading Desk
Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, XM is the best ECN forex broker in Ghana. Cost, customer satisfaction, cash flow, and security are given top priority by XM.
Best Islamic / Swap-Free Forex Broker
Overall Rating
- 4.7/5
Min Deposit
1 135 GHS or $100
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Tickmill is the best Islamic / Swap-Free forex broker in Ghana. A dependable and trustworthy brokerage is Tickmill. Because of the versatility it gives with accounts, the affordable prices associated with those accounts, and the inexpensive spreads, this broker is perfect for a wide variety of investors. Tickmill can currently be utilised in a variety of contexts and accessed in a number of languages.
Best Forex Trading App
Overall Rating
- 4.9/5
Min Deposit
$10 / 119 GHS
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Exness offers the best trading app for traders in Ghana. Traders in Ghana can benefit greatly from the Exness Trader app thanks to its many practical features and functionality. Quantitative techniques, technical indicators, and candlestick charts all support beginning traders.
Best Forex Rebates Broker
Overall, FxPro is the Best Forex Rebates Broker in Ghana. Users of the trading platform FxPro have access to STP and ECN connectivity. The foreign exchange market offers monthly cash returns of 30% to retail traders.
Overall Rating Min Deposit 1 135,04 GHS or $100 Regulators FCA, CySEC, FSCA, SCB Trading Desk MT4 Crypto Yes Islamic Account Yes Trading Fees Low Account Activation Time 24 Hours
Best Lowest Spread Forex Broker
Overall Rating
- 4.9/5
Min Deposit
0 GHS or $0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Pepperstone is the best lowest spread forex broker in Ghana. Pepperstone’s spreads for trading the US dollar versus the euro start at 0.0 pip. Due to its significant track record of success, Pepperstone Markets is one of the top brokerages.
Best Nasdaq 100 Forex Broker
Overall Rating
- 4.8/5
Min Deposit
2987 GHS or $250
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IG is the best Nasdaq 100 forex broker in Ghana. Modern trading tools, a broad selection of products, and advantageous market circumstances have all contributed to IG’s ascent to the top 20 platforms in the city. IG stands out among the many trustworthy online brokers serving the Ghana market because it is bound by strict laws and offers customers access to a broad range of assets.
Best Volatility 75 / VIX 75 Forex Broker
Overall Rating
- 4.7/5
Min Deposit
2390 GHS or $200
Regulators
ASIC, CySEC, FSA, SCB
Trading Desk
MetaTrader 4
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IC Markets is the best Volatility 75 / VIX 75 forex broker in Ghana. Ghanaian traders can now participate in transactions on international financial markets thanks to the cutting-edge trading instruments offered by IC Markets.
Best NDD Forex Broker
Overall Rating
- 4.7/5
Min Deposit
119 GHS / $10
Regulators
FSC, FSA, FSCA
Trading Desk
MetaTrader 4
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, BDSwiss is the best NDD forex broker in Ghana. BDSwiss is a significant player on the international stage when it comes to CFD and forex services. There are over 16,000 affiliate accounts, and it handles up to €20 billion in of foreign exchange operations each month.
Best STP Forex Broker
Overall Rating Min Deposit 298 GHS / $ 25 Regulators FCA UK Trading Desk None Crypto Yes Islamic Account Yes Trading Fees Low Account Activation Time 24 Hours
Overall, OctaFX is the best STP forex broker in Ghana. OctaFX has won more than 28 industry honors. OctaFX has reduced its trade expenses by almost a third by utilizing ECN (Electronic Communication Network) and STP (Straight Through Processing).
Best Sign-up Bonus Broker
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 GHS
Regulators
FSCA, CySEC, DFSA, FSA, CMA
Trading Desk
MT4, MT5, HFM Platform (Android & IOS)
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, HFM is the best sign-up bonus broker in Ghana. HFM’s trading platform is well-liked by investors due to its reasonable fees and high quality. The HFM website caters to users with varying levels of expertise in foreign exchange trading by providing access to numerous account types and asset markets.
You might also like: Best Forex No Deposit Bonuses in Ghana
You might also like:
You might also like:
You might also like:
You might also like:
Conclusion
Overall, Ghanaian traders should choose a Forex trading app that provides the best tools and features for their specific trading strategy, and which is offered by a regulated Forex broker.
Frequently Asked Questions
Is Forex mobile trading legal in Ghana?
Yes, Forex trading is permitted in Ghana with the country’s regulatory authority determining the laws and rules governing the local financial markets.
Is mobile Forex trading profitable in Ghana?
Forex trading can be a profitable business if done correctly. However, it is critical to understand the risks and to have a sound trading plan and risk management approach in place. Choose a trustworthy broker in Ghana, open a trading account, fund it, and begin trading with discipline and patience.
What is the best time to trade Forex in Ghana?
According to seasoned global traders the best times to trade in Ghana are between the hours of 5 a.m. and 12 p.m., 12 p.m. and 7 p.m., and 7 p.m. and 5 a.m.
How many days should I trade Forex?
Due to heightened volatility, Tuesday, Wednesday, and Thursday are the best days for Forex trading. The currency market sees the biggest trading activity in the middle of the week. The rest of the week is predictable, except for Mondays.
Is it good to trade Forex at night?
Night trading on the forex markets has advantages for both beginner traders and expert traders who use scalping or automated trading tactics that operate well with less volatility.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the financial markets are volatile that could shift and change at any given time, even if the information supplied is correct at the time of going live.
