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

Best Ghana brokers
The Best Ghana Online Trading Platforms 2021

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

This guide contains the latest details about finding a reputable online broker in Ghana.

If you are a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will get adept skills at all the concepts of broker since you continue trading. For starters, you need to select the top broker in Ghana who'll be clear with you always.

In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan is key to your success.

We currently have 21 Brokers from our research that we think are the Professional Online Brokers in Ghana

Who Are The Reputable Ghana Online Brokers?

This review has been provided to help you find a reputable Ghana broker. When looking for a great, professional broker in Ghana it can be very confusing.  Below we detail what your broker options are in Ghana and what Ghana online trading platforms can provide you.

We currently have 21 Online Brokers in our database that we believe are the Top Brokers in Ghana

OctaFXCity IndexOinvestForex EuroclubTraders TrustAtioraETX CapitalIC MarketsUFXGKFXFX PrimusFirst TradeExanteEzinvestAyrexCharles SchwabInvestors IntelligenceBNP ParibasEvolution BrokersDIF BrokerOANDA
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Minimum Deposit$5$25$200$100$100$10000$100$200$500$20$100$5$500$500$250$25$1$100$300$500$1
Year Founded201119832019200819981997200220072007201020092008200820082016201019472004200819961996
HeadquartersSt. Vincent and the GrenadinesUKSouth AfricaRussiaCyprusAustraliaUKAustraliaRepublic of VanuatuUKCyprusUSAMaltaCyprusCyprusUnited StatesLondonUKBelizePortugalUnited States, Canada
Regulated ByFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)Southern African Financial Sector Conduct Authority (FSCA)UnregulatedFinancial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ? e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA)Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA)Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Malta Financial Services Authority (MFSA)Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)Commodity Futures Trading Commission (CFTC)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Risk WarningLosses can exceed deposits74% of retail investor accounts lose money when trading CFDs with this providerYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour 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 riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed deposits
Withdrawal FeesNovariable$100/10000JPYvariable0.5%- 2.5%variableNoNoNoNovariablevariable$32.99variable$10$2.50Novariable1$variablevariable
Inactivity FeesNoYesYEsYesNoYesNoNoNoNo
Deposit Fees525200100100100001002005002010055005002502511003005001
CFD FeesNo0.0015$50/ lotYesYesYesNoNoNoNo
Accepts Credit CardsYesYesYesYesYesYes
Accepts PayPalNoYesNoYesNoNo
Accepts SkrillNoNoNoYesNoYes
Accepts PayoneerYesNoNoYesNo
Accepts NetellerYesNoYesYesYesYes

Online Stock Trading In Ghana

Trading stocks and shares 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're just starting out using online trading then it is suggested to have a demo account with a regulated agent so that you can learn the strategies without the danger of losing cash.

Live Forex Trading In Ghana

Forex is the biggest liquid financial market in the world using a daily monetary exchange turnover of more than $5 trillion (BIS statistics April 2016).

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

It's possible to do Live Forex Trading in Ghana using professional online brokers

Live CFD Trading In Ghana

CFD trading is the selling and buying of contracts for difference via an online trading platform in Ghana. When you trade CFDs you are entering into an agreement 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 experienced online brokers like plus500 or FP Markets. It is a simple bet as to whether the price will go up or down.  Often, the Ghana brokers will display the prices you have.

If you are looking at how to do spread betting in Ghana then it is suggested to start with a demo account with either plus500 or 101Investing so that you can practice with virtual currency 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, experienced and supportive. 

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

The financial markets in Ghana are 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 well tested and highly rated & secure.

Whichever Online Trading Brokers in Ghana you decide to use, make sure they have all of the below:

  • Easy to use platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • Better quality charts
  • Able to perform social trading
  • Timely online help or support

Challenges Of Using Online Trading Platforms in Ghana

The US Dollar is considered the base currency around the world so even a tiny change in the US economic markets can affect the economic markets in Ghana. The EU is also a large economy and changes there may affect the economic markets in Ghana.

Like many countries there are opportunities in Ghana financial markets and overall the outlook is great. However, like in all global economic markets we recommend that any Online Trading Solutions in Ghana you decide to use, make sure you do your due diligence first before risking your 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 professional 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 deemed unsafe. This is not the case, Forex trading in Ghana is very active, regulated and safe.

Trading in Forex is allowed in Ghana as for any company to trade globally, foreign currency has to be exchanged. Whenever you purchase something and it's sent from overseas, there will be numerous money exchanges by multiple businesses to receive that item to you.

The main thing is that when trading Forex in Ghana you pick one of the top online agents.

Do Forex Traders Pay Tax In Ghana?

After a dealer is successful and their gains reach a certain level then they can be taxed in Ghana according to the standard tax rules.

Tax returns should always be registered even if there's a reduction. You should seek advice with a documented accountant in Ghana to make certain you are abiding with current local laws since it's very determined by your personal conditions.

Can You Trade Cryptocurrencies In Ghana?

Cryptocurrency markets in Ghana are rather new. As Cryptocurrencies operate on decentralised assets in Ghana matters like interest rate fluctuations and political instability don't affect them as much as the money markets.

Cryptocurrencies are more popular with the centuries and with growing income levels and technology adoption, trading cryptocurrency in Ghana is rising day by day. It is still modest in comparison to the Forex markets however about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Ghana?

Commodities trading in Ghana involves trading in matters like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inGhana.

Fast growing economies like India have a significant demand for many basic raw materials because of their population. It follows that countries like Ghana can benefit from the situation.