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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Ghana

Top Ghana brokers
Best Ghana Brokers 2021

This guide to the top brokers in Ghana has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the latest details about finding the best online broker in Ghana.

If you are a new entrant into the world of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will acquire adept skills at all the concepts of broker since you continue trading. For starters, you have to select the top broker in Ghana who will be transparent with you always.

In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program is key to your success.

We currently have 16 Trading Patforms from our research that we think are the Top Online Brokers in Ghana

Who Are The Reputable Ghana Online Brokers?

This guide has been collated to help you find a reputable Ghana broker. When looking for an experienced, reliable broker in Ghana it can be very confusing.  Below we show what your broker options are in Ghana and what Ghana brokers can offer you.

A free trial of at least three days is one of the best ways to understand the quality and professionalism of any Ghana trading broker firm. Before making any ultimate decisions, you have to be able test the broker's platform and software in real-time but with minimal risk. A demo account allows you to experiment with the software and see how comfortable you are with its tools. A high-quality broker in Ghana should make it as simple as possible for any trader. They shouldn't have to do a lot research nor set up multiple accounts before they let you start investing.

We currently have 16 Brokers from our research that we believe are the Reputable Trading Patforms in Ghana

titan fxtd ameritradeICICI DirectDIF BrokerValutradesTeletradejfd wealthInvast GlobalZerodhaeOptionBoston Merchant FinancialXtradeTrade.comDegirotifia investmentsWiseAlpha
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Rating5.00/53.45/54.53/55.41/53.01/55.97/52.65/54.41/54.58/52.46/53.51/53.10/54.93/54.53/54.85/54.48/5
Minimum Deposit$250$250$0$500$0$100$250$25000$0$500$50$1$1$0$250$0
Year Founded2010201619941996200820082020196020102008198820032009193420212008
HeadquartersUnited KingdomMaltaIndiaPortugalUKCyprusAustraliaAustraliaIndiaUSADubaiAustraliaCyprus, UKNetherlandsUSAUK
Regulated ByFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F325Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F319Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA)UnregulatedCyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F263Australian Securities and Investment Commission (ASIC)Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeUnregulatedAustralian Securities and Investment Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F324Financial Conduct Authority (FCA)
Clients14,000,000+10,000+2,000,000+10,000+10,000+50,000+250,000+10,000+1,500,000+10,000+10,000+10,000+10,000+600,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk
Withdrawal FeesNoNoNoYesNoNoYesNoNoYesNoNoYesNoNoNo
Inactivity FeesNoNoYesNoNoNoYesNoNoNoNoNoNoNoNoNo
Deposit Fees25025005000100250250000500501102500
CFD FeesYesNoNoYesYesYesYesNoYesNoNoYesNoYesYesYes
Accepts Credit CardsYesYesNoYesYesNoYesYesNoYesYesYesYesYesYes
Accepts PayPalYesYesNoNoNoNoYesNoNoNoNoNoNoYesNo
Accepts SkrillYesYesNoNoNoYesYesNoNoNoNoNoNoYesNo
Accepts PayoneerYesYesNoYesYesNoYesYesNoYesYesYesYesYesYes
Accepts NetellerYesYesNoNoNoYesYesNoNoNoNoNoNoYesNo

Online Stock Trading In Ghana

Trading Assets in Ghana is highly regulated and considered very secure. But, as always, that any investment can go down as well as up, so your capital is in danger.

If you are just starting out using online trading then it is suggested to have a demo account with a regulated broker so that you are able to find out the strategies without the risk of losing cash.

Live Forex Trading In Ghana

Forex is the largest liquid financial market in the world using a daily monetary exchange turnover of over $5 trillion (BIS data April 2016).

Forex (short for Foreign Exchange) is a money exchange involving two distinct countries and the next management of the consequent position in which one currency gains and the other loses.

It is possible to do Live Forex Trading in Ghana with seasoned online trading platforms

Live CFD Trading In Ghana

CFD trading is the buying and selling of contracts for difference via an online agent in Ghana. When you trade CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Ghana

Spread Betting in Ghana is possible using trusted online trading platforms like eToro or FP Markets. It is a simple bet as to whether the price will go up or down.  Usually, the Ghana brokers will display the prices you have.

If you are looking at how to do spread betting in Ghana then it is advisable to start with a demo account with either XM or Trading212 so that you can practice with fake money before risking your own capital.

Trading Shares in Ghana

Internationally, Ghana is considered safe to do online trading and has access to other global financial centers. In Ghana, online trading platforms are highly regulated, professional and customer centric. 

However, it is always important to be as informed as possible so below are some of the most important things a trader should know:

The financial industry in Ghana are very mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Ghana.

The online platforms used by brokers in Ghana are extensively tested and highly rated & secure.

Whichever Online Trading Platforms in Ghana you decide to use, ensure they have all of the following:

  • User friendly platform
  • Access to a risk management tool
  • Good or instant execution speed
  • Better quality charts
  • Capable of doing social trading
  • Timely online help or support

Challenges Of Using Online Trading Platforms in Ghana

The US Dollar is considered the base currency globally so even a slight change in the US financial markets may affect the economic markets in Ghana. The EU is also a large economy and changes there may affect the economic markets in Ghana.

Like every country there are challenges in Ghana economic markets but overall the outlook is positive. However, like in all global economic markets we recommend that any Online Trading Platforms in Ghana you decide to use, make sure you do your due diligence first before risking any real money. We have collected hundreds of datapoints and written this guide to help you find the Best Trading Platforms in Ghana.  We hope that by reading this guide you will find a reputable broker that matches your needs.

Frequently Asked Questions About Trading Forex In Ghana

Is Forex Trading Legal In Ghana?

There's a growing misconception that trading Forex in Ghana is considered unsafe. This isn't the situation, Forex Currency trading in Ghana is quite active, regulated and safe.

Trading in Forex is allowed in Ghana as for any business to trade internationally, foreign currency must be exchanged. Whenever you buy something and it is sent from abroad, there'll be multiple money exchanges by multiple companies to receive that thing to you.

The important issue is that if trading Forex in Ghana you pick one of the top online brokers.

Do Forex Traders Pay Tax In Ghana?

Once a trader is successful and their profits reach a certain level then they may be taxed in Ghana as per the standard taxation rules.

Tax returns should always be filed even if there is a loss. You should seek advice with a registered accountant in Ghana to make certain you are abiding by all current regional laws since it's very dependent on your personal conditions.

Can You Trade Cryptocurrencies In Ghana?

Cryptocurrency markets in Ghana are rather new. As Cryptocurrencies work on decentralised resources in Ghana matters like interest rate fluctuations and political instability do not impact them as much as the money markets.

Cryptocurrencies are more popular with the younger generations and with growing income levels and technologies adoption, trading cryptocurrency in Ghana is rising day by day. It's still small compared to the Forex markets however around $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Ghana?

Commodity trading in Ghana includes trading in things like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inGhana.

Fast growing markets like India have a significant demand for many basic raw materials for their population. This means that states like Ghana can take advantage of the circumstance.