To come up with this list, we have tested forex brokers Ghana.

We opened a real account and deposited between $4,000 and $6,000 with each broker. Then, to get the actual picture, we placed trades in each popular market.

We also contacted the cutomer support to see how the team solved the problems we had encountered. Finally, we withdrew our funds to check the withdrawal process.

We handpicked the best forex brokers Ghana based on our trading data and experience as a trader.

Is Forex Trading Legal in Ghana?

Ghana is located in the west of Africa. Its economy is mainly based on industrial minerals, precious metals, and hydrocarbons. The country has a distinct economic plan – the “Ghana Vision 2020”, targetting at becoming one of the most developed countries in Africa by the end of 2029.

Though forex trading is comparatively new in the country, it is legal and quite widespread already. However, many traders are still not very aware of how forex trading works. Many African countries do not have regulatory bodies that control the forex market. Ghana, on the contrary, has a separate regulatory authority that controls the sector – The Bank of Ghana.

The official website of The Bank of Ghana is

  • The Bank of Ghana supervises and controls the banking and credit system, and ensures efficient management of the country’s external financial services. Also, along with a number of other functions, the Bank promotes and maintains relations with Ghana’s international banking and financial institutions.

Due to the laws imposed by the local regulator, some brokers might be restricted to open trading accounts for Ghana residents. However, there are still trustworthy brokers that offer their services to Ghana traders.

🏦RegulatorThe Bank of Ghana
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionNo
💰Compensation SchemeNo
📊 Maximum Leverage1:30

Best Forex Brokers in Ghana

Choosing a Ghana forex broker can be difficult. Forex Trading is relatively new in the country, and traders have still a lot to learn about the market. This means, that choosing a trustworthy and reliable broker can be quite difficult at times.

We recommend signing only with trustworthy brokers, as money safety goes first. There are Brokers that are based in the country and fall under the local regulation, and there are international brokers that accept Traders from Ghana.

As most of Ghana traders are beginners in forex trading, we recommended to pay a close attention to the broker’s offerings. The payment methods and their availability is one of the first things to check. Customer support is the next important aspect. Traders should make sure that the broker’s support team provides help in their preferred language.

To select the best forex brokers Ghana, we have reviewed many reputable forex brokers. Based on our research we have come up with the following best brokers Ghana:

  • XTB – Best Forex Broker Online Ghana Overall
  • Trading 212 – Best Forex Brokers in Ghana for Beginners
  • Admiral Markets – Best Forex Trading App in Ghana
  • ThinkMarkets – Best Low Spread Online Forex Trading in Ghana

Best Forex Broker Online Ghana Overall

We picked XTB as the overall best forex broker Ghana. 

Founded in 2002 XTB is a global Forex and CFD broker. The broker is headquartered in London and Warsaw. Also, it holds licenses in the UK, Cyprus, Poland, Spain, and Belize. The broker offers the following markets: Forex, Indices, Stocks, Commodities, ETFs, and Cryptocurrencies. XTB offers 2 main account types: the Standard, and PRO accounts, also a forex swap-free Account. The broker offers various payment methods including bank wires, credit and debit cards, and e-wallets such as Skrill and PayPal.

With XTB traders have access to the broker’s proprietary trading platform – xStation, and also to the popular MetaTrader 4 (MT4) platform. The education section of XTB is also excellent. It offers a demo account, webinars, ebooks, video tutorials, educational articles, and videos.

Best Forex Brokers in Ghana for Beginners

We picked Trading 212 as the best forex broker Ghana for beginners.

Trading 212 is a global Forex and CFD broker. It is headquartered in London and holds licenses from the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). The broker has two account types: Invest and CFD. With Trading 212 traders have access to multiple categories: Indices, Forex, Commodities, Stocks, and Cryptocurrencies.

The broker has its own proprietary platform and traders can conduct their trades only on this platform. As to the payment methods, Trading 212 offers bank wires, credit and debit cards, as well as e-wallets such as Skrill, and PayPal.

Based on our research and trades, Trading 212 is the best forex broker Ghana for beginners. Its educational section is very good and might be a great start for newbies. among the educational offerings is an in-depth video tutorial course. It is designed to help beginner traders have an easy and profitable start. Also, Trading 212 offers text tutorials, educational articles, and a demo account.

Best Forex Trading App in Ghana

We picked Admiral Markets as the best trading app forex broker Ghana. 

Admiral Markets is a global Forex and CFDs broker. It was founded in 2001. Headquartered in Estonia, the broker is tightly regulated and is licensed in Australia, the United Kingdom, Cyprus, and Estonia. With the broker, traders have access to the trading instruments in the following categories: forex pairs, indices, stocks, commodities, and cryptocurrencies.

There are five main account types: Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, and Zero.MT5. Also, Admiral Markets offers Islamic accounts to its Muslim traders. Admiral Markets offers fast and easy deposits via different payment methods: bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.

We have chosen Admiral Markets as the best trading app forex broker Ghana. The broker enables its clients to conduct their trades on the popular MetaTrader 4 and MetaTrader 5 platforms. Both platforms are good and provide successful trading due to the existing tools and features.

Best Low Spread Online Forex Trading in Ghana

We picked ThinkMarkets as the best lowest spread forex broker Ghana.

ThinkMarkets was founded in 2010. The broker is headquartered in Australia and holds licenses in Australia, the United Kingdom, South Africa, and Seychelles. ThinkMarkets enables traders to have access to the following instruments: forex, indices, commodities, cryptocurrencies, and shares CFDs.

ThinkMarkets has its own proprietary platform. Also, it offers the popular MT4 and MT5 platforms. ThinkMarkets offers multiple payment methods, such as bank transfers, credit and debit cards, and online wallets like PayPal, Neteller, and Skrill.

We have chosen ThinkMarkets as the best low spread forex broker Ghana, as based on our research, its spreads are rather low and attractive. Spreads offered by ThinkMarkets are on the lower side for almost all categories.

List of Forex Brokers in Ghana

We have tested many regulated forex brokers Ghana. It was not very easy to make a full list of forex brokers Ghana, due to the fact that the market in the country is still new. However, we have come up with a list of available Ghana forex brokers.

Ghana Forex BrokerAbout Our TestOur Review
AXI (AxiTrader)Deposit Amount: Over €6,000
Total Trade: 12 trades
AXI Review
XMDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
Admiral MarketsDeposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
Vantage FXDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
ThinkMarketsDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
INFINOXDeposit Amount: Over €4,000
Total Trade: 9 trades
Amana CapitalDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
FXTMDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
TickmillDeposit Amount: Over €8,000
Total Trade: 12 trades
Tickmill Review
Trading 212Deposit Amount: Over €5,500
Total Trade: 15 trades
Trading 212 Review

FAQ and More on Forex Trading in Ghana

Traders usually have a lot of questions and concerns related to forex trading in Ghana. To be helpful we picked and answered some of the most important and frequent queries related to forex brokers Ghana.

How to Verify Ghana Regulated Broker?

Verifying Ghana forex brokers is not really difficult. Traders can look for the information on the official website of the Bank of Ghana. On the Bank’s official website it is possible to find information about the brokers operating in the country.

However, forex brokers Ghana can also be verified on the broker’s website. Generally, all brokers provide information about their availability in certain regions and countries.

the Bank of Ghana - official website

Forex Brokers that Accept Mobile Money in Ghana

We have tested a number of forex brokers Ghana, to choose the best brokers that accept mobile money in the country. Based on our test, we came up with two forex brokers Ghana:

  • Tickmill
  • XM

Tax for Forex Trading in Ghana

In Ghana forex trading is subject to taxation. The law dictates that individuals, that gain profits from selling stocks, bonds, property, precious metals, and others, need to pay capital gain taxes. The tax rate in the country is 15%. However, in the case of businesses, the capital gains are taxed differently. Commonly, they are just included in the annual returns and taxed on annual basis.

However, Ghana traders should remember that the responsibility of filing tax forms to the relevant institutions is theirs. Any delays or tax avoidance can lead to complications and fines.

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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