Finding a reliable broker is a make-or-break decision for any trader. It shapes everything from your trading costs to the speed of deposits and withdrawals.
Factors like mobile money support, local currency accounts, and regulation are essential for Ghanaians, and they matter as much as spreads and leverage. In our guide, we cover these topics:
- Why do Ghanaian traders need reliable forex brokers?
- 8 Best Forex Brokers in Ghana
- How should Ghanaian traders compare local vs global forex brokers?
- Closing thoughts
- Trader questions answered
The brokers listed in this article were shortlisted after careful comparison across multiple criteria. We evaluated regulation, deposit and withdrawal channels, trading costs, account accessibility, and more.
Each broker in this ranking has strengths that set it apart, and we’ll break down exactly how those strengths line up with the needs of Ghanaian clients.
5 Best Forex Brokers in Ghana
Read Review CBCS, FSA, FSC, FSCA, CMA Visit Broker
Read Review ASIC, CySEC, IFSC, DFSA, FCA Visit Broker
Read Review FSC, ASIC, CySEC Visit Broker
Read Review ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA Visit Broker
Read Review FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine Visit Broker
8 Best Forex Brokers in Ghana – Side-by-Side
| 🥇 Broker | 👉 Open An Account | 💰 Ghanaian Cedi-based Account? | 💸 Minimum Deposit ($/GHS) | 💳 Local Deposits Allowed? |
| 1. Exness | 👉 Open Account | Yes | From $10 | Yes |
| 2. FBS | 👉 Open Account | No | From $1 | Yes |
| 3. FXTM | 👉 Open Account | No | $200 | Yes |
| 4. HFM | 👉 Open Account | No | $0 on Cent, Premium, Zero | No |
| 5. FOREX.com | 👉 Open Account | No | $0 via international wire; $100 via cards/local bank, Skrill, Neteller | No |
| 6. CMC Markets | 👉 Open Account | No | €100 suggested | No |
| 7. AvaTrade | 👉 Open Account | No | $100 | No |
| 8. FP Markets | 👉 Open Account | No | $100 (Standard/Raw/Islamic variants) | No |
Why do Ghanaian traders need reliable forex brokers?
Ghana’s economy has improved, but inflation is still high, and the cedi remains unpredictable against the dollar. This volatility affects spreads, pricing, and how quickly trades are executed.
A forex broker that manages liquidity well can help you avoid unnecessary losses from poor order fills or hidden costs.
Currency swings also mean you can’t ignore withdrawals and conversions. If a broker delays transfers or lacks transparent charges, the value of your trading income can decrease by the time it reaches your account.
Thus, reliability is not about convenience, but it protects your money in a market where every basis point matters.
8 Best Forex Brokers in Ghana
- Exness: Good choice for Ghanaians because of cedi accounts, instant local payments, unlimited leverage, and ultra-low spreads.
- FBS: Easy entry with $1 minimum deposit, 1:3000 leverage, and local Mobile Money deposits.
- FXTM: Popular in Africa with excellent education, cocoa and oil trading, and Mobile Money support.
- HFM: Flexible accounts with zero minimum deposit, raw spreads from 0.0 pips, and bonus promos for Ghanaians.
- FOREX.com: Globally respected broker with advanced tools, deep liquidity, and professional-grade platforms.
- CMC Markets: Established UK broker with thousands of CFDs, advanced charting, and competitive spreads.
- AvaTrade: Well-rounded broker known for social trading, intuitive apps, and diverse asset options.
- FP Markets: ECN broker trusted for raw spreads, fast execution, and access to over 10,000 instruments.
1. Exness
| Minimum Deposit: $10 Regulated by: CBCS, FSA, FSC, FSCA, CMA Leverage: Up to 1:2000 |
Overview
Exness is a popular option in Ghana because it accepts GHS deposits, offers instant funding, and gives access to MT4, MT5, its own web platform, and the Exness Trade App.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC BVI, FSC MUR, FSCA, CySEC, FCA, CMA, JSC |
| 📂 Account Types | Standard, Cent, Pro, Zero, Raw Spread |
| 💻 Trading Platforms | MT4, MT5, Web Terminal, Exness Trade App |
| 📊 Instruments | Forex, metals, indices, stocks, energies, crypto |
| 💵 GHS Account? | Yes |
| 💰 Minimum Deposit | $10 (Standard/Cent), $500 (Pro/Zero/Raw) |
| 📉 Spreads & Costs | From 0.0 pips, low commission |
| 📈 Leverage | Up to 1:Unlimited |
| 📢 Promotions | Premier Programme by invitation |
| ⏰ Customer Support | 24/7 live chat and email |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| GHS accounts and local payment options | Not licensed by Bank of Ghana or SEC Ghana |
| Spreads from 0.0 pips, choice of commission or commission-free | $500 minimum for Pro, Zero and Raw Spread |
| MT4, MT5, Web and mobile platforms with VPS support | No access to Ghana Stock Exchange shares |
| GHS accounts and local payment options | Not licensed by Bank of Ghana or SEC Ghana |
Frequently Asked Questions
Is Exness available for traders in Ghana?
Yes. Ghanaian traders use Exness under its international licences.
Which platforms are offered by Exness?
MetaTrader 4, MetaTrader 5, Exness Web Terminal and Exness Trade App.
2. FBS
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
Overview
FBS gives you low entry costs, high leverage up to 1:3000, and support for funding that fits Ghana’s mobile money network. Account approval is usually quick, and local traders can deposit with MTN and Vodafone Mobile Money.
Unique Features
| Feature | Information |
| ⚖️ Regulation | IFSC, CySEC, ASIC, FSCA |
| 📂 Account Types | Retail, Islamic, Demo |
| 💻 Trading Platforms | MT4, MT5, FBS app |
| 📊 Instruments | 550+ CFDs including forex, indices, metals, energies, shares, crypto, exotics like USDZAR |
| 💵 GHS Account? | No |
| 💰 Minimum Deposit | From $5 or about 20–50 GHS via Mobile Money |
| 📉 Spreads & Costs | Spread-only pricing from 0.7 pips, no trade commission, withdrawal fees on some methods |
| 📈 Leverage | Up to 1:3000 |
| 📢 Promotions | 100% Deposit Bonus up to $10,000 per deposit, capped at $25,000 overall, plus 60% on deposits above $100 |
| ⏰ Customer Support | 24/7 live chat, email, international phone lines |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| MTN and Vodafone Mobile Money supported in Ghana | No account currency in GHS so conversions apply |
| Minimum deposit from $5 with quick account approval | Withdrawal fees on several payment methods |
| Leverage up to 1:3000 and negative balance protection | Not licensed by Bank of Ghana or SEC Ghana |
| Full platform choice across MT4, MT5, and FBS app |
Frequently Asked Questions
What is the minimum deposit to trade with FBS in Ghana?
The minimum deposit is $5, and Mobile Money options usually start from about 20–50 GHS.
Is Islamic trading available with FBS?
Yes, you can request a swap-free account.
3. FXTM
 | Minimum Deposit: $200 Regulated by: FCA, CMA, FSC, SCA Leverage: Up to 1:.3000 |
Overview
FXTM is a global broker with a strong presence in Africa and stands out for linking education tools directly to Ghana’s commodity-driven economy, from cocoa and gold to oil.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, FSCA, FSCA, SCA, CMA |
| 📂 Account Types | Advantage, Advantage Plus, Advantage Stocks, Islamic, Demo |
| 💻 Trading Platforms | MT4, MT5, FXTM Trader App, Copy Trading, VPS |
| 📊 Instruments | Forex, commodities (cocoa, gold, oil), indices, US/global stocks, ETFs, crypto |
| 💵 GHS Account? | No |
| 💰 Minimum Deposit | $200 |
| 📉 Spreads & Costs | From 0.0 pips (Advantage), $0.40–$2 commission on Advantage/Stocks |
| 📈 Leverage | Up to 1:3000 |
| 📢 Promotions | None |
| ⏰ Customer Support | 24/5 live chat, email, multi-region phone lines |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Transparent spreads and commission model. | Inactivity fee after three months of no trading. |
| Commodities like cocoa, gold, and oil included. | No cedi account support; conversion costs apply. |
| Mobile Money deposits and withdrawals supported. | Swap-free accounts limited by allowances. |
| Access to MT4, MT5, copy trading, and VPS. |
Frequently Asked Questions
Can FXTM accounts be opened in Ghanaian cedi?
No, accounts cannot be held in cedi. All GHS transfers are converted to USD, EUR, or GBP.
Does FXTM offer US stock trading to Ghanaians?
Yes, the Advantage Stocks account provides commission-free trading in US equities.
4. HFM
| Minimum Deposit: $0 Regulated by: FCA, FSA, DFSA, FSCA, CMA Leverage: Up to 1:1000 |
Overview
HFM is an international broker with zero deposit accounts and leverage up to 1:2000. GHS deposits are converted at funding, and there are promotions, copy trading, and strong global regulation.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, FSCA, CySEC, DFSA, FSA, CMA, FSC |
| 📂 Account Types | Cent, Premium, Zero, Pro, Pro Plus, HFcopy, Top-Up Bonus |
| 💻 Trading Platforms | MT4, MT5, WebTrader, HFM App |
| 📊 Instruments | Forex, indices, metals, energies, shares, ETFs, crypto, bonds, commodities |
| 💵 GHS Account? | No |
| 💰 Minimum Deposit | $0 on Cent, Premium, Zero; $100 Pro; $250 Pro Plus |
| 📉 Spreads & Costs | Cent and Premium from 1.2 pips, Zero from 0.0 pips plus $6 per lot |
| 📈 Leverage | Up to 1:2000 |
| 📢 Promotions | Deposit bonuses, contests, loyalty rewards |
| ⏰ Customer Support | 24/5 live chat, email, global and South Africa phone lines |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Leverage up to 1:2000 available on most accounts | No GHS trading pairs or local stocks |
| Raw pricing from 0.0 pips on Zero account | No base account in GHS |
| No minimum deposit on Cent, Premium, and Zero | No Ghana-specific support line |
| Copy trading through HFcopy plus Pro and Pro Plus accounts |
Frequently Asked Questions
How do I verify my HFM account in Ghana?
Submit a Ghana Card, a passport, or a driving licence plus proof of address, which is usually approved in a few hours.
Does HFM allow Mobile Money payments in Ghana?
No direct Mobile Money option; card, transfer, and e-wallet methods are supported.
5. FOREX.com
 | Minimum Deposit: $100 Regulated by: CIMA Leverage: Up to 1:30 |
Overview
FOREX.com is part of the StoneX group and has built a strong reputation worldwide through its regulated services and robust platforms. Traders in Ghana can open accounts from $100, access MT4, MT5, TradingView, and Web Trader, and use APIs.
Unique Features
| Feature | Information |
| ⚖️ Regulation | NFA, FCA, ASIC, MAS, JFSA, SFC, IIROC, CIMA |
| 📂 Account Types | Standard, MetaTrader, RAW Spread |
| 💻 Trading Platforms | Web, Mobile, MT4, MT5, TradingView, API |
| 📊 Instruments | Forex, indices, commodities, stock CFDs, metals, crypto, ETFs |
| 💵 GHS Account? | No |
| 💰 Minimum Deposit | $100 |
| 📉 Spreads & Costs | Standard from 0.8 pips EUR/USD; RAW 0.0 pips + $5 per $100k; stock CFD 1.8c US shares or 0.08% UK EU Asia |
| 📈 Leverage | Up to 1:30 on major Forex pairs |
| 📢 Promotions | ActiveTrader monthly rebates available to high-volume traders |
| ⏰ Customer Support | 24/5 live chat, email, phone |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Global regulation | No Ghana Cedi account option |
| Choice of platforms | Mobile money not available |
| RAW spreads from 0.0 pips | Fee on wires under $10,000 |
| 90-day demo with $50,000 balance and full tool access |
Frequently Asked Questions
Which markets can be traded on FOREX.com Ghana?
Forex, indices, commodities, metals, stock CFDs, crypto, and ETFs.
How are withdrawals processed for Ghanaian traders on FOREX.com?
Withdrawals are made back to cards and e-wallets first, then to bank accounts.
6. CMC Markets
 | Minimum Deposit: $0 Regulated by: FCA, ASIC, MAS, FMA, IIROC Leverage: Up to 1:30 |
Overview
CMC Markets is a long-standing global broker that supports MetaTrader, its own Next Generation system, and direct TradingView integration. Traders in Ghana get access to more than 12,000 markets, competitive pricing with FX Active accounts, and a smooth sign-up process.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FCA, BaFin, DFSA, ASIC, MAS, FMA, CIRO |
| 📂 Account Types | Retail, FX Active, Demo |
| 💻 Trading Platforms | Next Generation, MT4, MT5, TradingView |
| 📊 Instruments | Over 12,000 markets including forex majors, gold, Brent crude, UK 100, South Africa 40 |
| 💵 GHS Account? | No |
| 💰 Minimum Deposit | €100 (suggested) |
| 📉 Spreads & Costs | From 0.5 pips EUR/USD retail, 0.0 pips + $2.50 per $100k on FX Active, inactivity £10 after 12 months |
| 📈 Leverage | Up to 1:200 for retail |
| 📢 Promotions | None |
| ⏰ Customer Support | 24/5 via live chat, email, phone |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Competitive FX Active pricing from 0.0-pip spreads | No local Ghanaian cedi account |
| Platforms include Next Generation, MT4, MT5, TradingView | No Bank of Ghana or SEC Ghana licence |
| Strong global regulation and client fund protection | Only USD account base for Ghanaians |
| Access to 12,000+ instruments with strong execution rates |
Frequently Asked Questions
What deposit and withdrawal methods can Ghanaians use with CMC Markets?
Card payments, bank transfers, and PayPal.
How long do CMC Markets withdrawals take to Ghana?
Bank transfers usually take 1–2 working days locally and 3–5 working days for international banks.
7. AvaTrade
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Leverage: Up to 1:400 |
Overview
AvaTrade offers platform variety, zero-commission pricing, and a $100 entry point for Ghana-based traders via its BVI entity. You get MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, and AvaSocial, plus negative balance protection and fund segregation.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSC BVI, CBI, CySEC, ASIC, FSCA, ISA, FSA JP, FSRA, KNF |
| 📂 Account Types | Standard, Pro, Islamic, Demo |
| 💻 Trading Platforms | MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, AvaSocial |
| 📊 Instruments | Forex pairs, global shares, indices, commodities, ETFs, options, crypto CFDs; no GHS pairs or Ghana equities |
| 💵 GHS Account? | No |
| 💰 Minimum Deposit | $100 |
| 📉 Spreads & Costs | Spreads: EUR/USD from 0.9 pips |
| 📈 Leverage | Up to 1:400 on forex; lower for other markets |
| 📢 Promotions | None |
| ⏰ Customer Support | 24/5 via live chat, email, WhatsApp, international phone |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Zero-commission pricing | No GHS base currency |
| Negative balance protection | No mobile money deposits or withdrawals |
| Broad platform choice including options and copy trading | Not regulated by Ghana’s SEC or BoG |
| Fast online verification |
Frequently Asked Questions
What inactivity fees can apply with AvaTrade?
$50 after 3 months of inactivity, plus $100 after 12 months; a $10 monthly fee may apply under $2,000 after 60 days.
Does AvaTrade charge commissions on trades in Ghana?
No. Costs are included in the spread.
8. FP Markets
 | Minimum Deposit: $100 AUD Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Leverage: Up to 1:500 |
Overview
FP Markets offers MT4, MT5, cTrader, and TradingView with ECN-style pricing and VPS access. Accounts start from USD 100 with leverage up to 1:500, and Ghana clients register under offshore licences.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSC BVI, CBI, CySEC, ASIC, FSCA, ISA, FSA JP, FSRA, KNF |
| 📂 Account Types | Standard, Pro, Islamic, Demo |
| 💻 Trading Platforms | MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, DupliTrade, AvaSocial |
| 📊 Instruments | Forex pairs, global shares, indices, commodities, ETFs, options, crypto CFDs; no GHS pairs or Ghana equities |
| 💵 GHS Account? | No |
| 💰 Minimum Deposit | $100 |
| 📉 Spreads & Costs | Spreads: EUR/USD from 0.9 pips |
| 📈 Leverage | Up to 1:400 on forex; lower for other markets |
| 📢 Promotions | None |
| ⏰ Customer Support | 24/5 via live chat, email, WhatsApp, international phone |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Zero-commission pricing | No GHS base currency |
| Negative balance protection | No mobile money deposits or withdrawals |
| Broad platform choice including options and copy trading | Not regulated by Ghana’s SEC or BoG |
| Fast online verification |
Frequently Asked Questions
What is the FP Markets minimum deposit for Ghana traders?
The minimum deposit is 100 USD or equivalent.
What spreads can you expect with FP Markets in Ghana?
Standard starts from 1.0 pips; Raw starts from 0.0 pips with $3 per side commission.
How should Ghanaian traders compare local vs global forex brokers?
Traders in Ghana face two main choices: using a forex broker that will eventually fall under Ghana’s own regulatory system, or using an established global forex broker. Both have advantages, but they are not equal across every measure.
Here is how to weigh both options:
| What to compare | Local brokers (Ghana-regulated) | Global brokers (offshore or multinational) |
| ⚖️ Regulation | Covered by Ghana’s own rules once SEC oversight begins. Local complaint pathways available. | Supervised by foreign regulators. Disputes must follow foreign processes first. |
| 💰 Funding | Bank transfers and mobile money integrated into platforms. | Cards and international e-wallets supported. Mobile money access limited to selected brands. |
| 📂 Account currency | Likely to include Ghana cedi accounts. Trading pairs priced in foreign currency still apply. | Multi-currency accounts offered. Foreign currency pricing restricted for services delivered within Ghana. |
| 📊 Product range | Focus on forex and CFDs, shaped by local rules. | Broader instrument lists, including niche markets. |
| 💵 Costs | Prices shaped by Ghana’s market and tax requirements. | Global liquidity can deliver tighter spreads. Conversions from cedi add costs. |
| 📉 Tax | Gains subject to Ghana’s tax system. Records must be kept. | Same Ghana tax obligation applies. More paperwork when reporting offshore accounts. |
| 📈 Disputes | Local regulator and courts within reach. | Foreign ombudsman or regulator involved first. Local enforcement may take longer. |
| ⏰ Support | Local knowledge and time-zone aligned. | Larger research libraries but service hours vary. |
| 💰 Withdrawals | Faster settlement through Ghana’s domestic rails. | International rails add time and conversion fees. |
| 💻 Onboarding | Identity checks match Ghana IDs and addresses. | Identity checks based on foreign requirements. |
Closing thoughts
Ghana’s traders are navigating a market shaped by currency shifts and evolving regulation. That makes broker reliability more important than leverage levels or bonuses. Execution speed, funding channels, and regulatory backing will decide whether trading is sustainable for you over time.
International forex brokers can deliver low spreads and a wider product menu. Yet cedi-based accounts and mobile money support from regionally-minded brokers offer convenience that global firms sometimes lack. The choice depends on how you balance reach against accessibility.
Overall, Success in forex is not about going after the most aggressive offer, but about securing a trading environment where your money is handled with transparency and discipline.
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.