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The 7 Best High Leverage Forex Brokers in Ghana

We have analysed dozens of international brokers accepting traders from Ghana to uncover the 7 Best High Leverage forex brokers distinguished by their regulation, competitive conditions, and commitment to supporting safe, efficient trading. In this guide we’ll reveal:

  • What is high leverage for traders in Ghana?
  • 7 Best High Leverage Forex brokers in Ghana
  • Why Ghanaian traders seek high leverage
  • Our final thoughts
  • Frequently asked questions

 

Let’s get started.

5 Best Forex Brokers in Ghana

Rank
Broker
Review
Regulators
Min Deposit
Official Site
🥇
Read ReviewCBCS, FSA, FSC, FSCA, CMA
$10
Visit Broker
🥈
Read ReviewASIC, CySEC, IFSC, DFSA, FCA
$5
Visit Broker
🥉
Read ReviewFSC, ASIC, CySEC
$5
Visit Broker
#4
Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
$100
Visit Broker
#5
Read ReviewFSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
$0
Visit Broker

The 7 Best High Leverage Forex Brokers in Ghana – Comparison

 

🥇 Broker👉 Open An Account💳 Maximum Leverage💰 Ghanaian
Cedi-based Account?
💳 Local
Deposits Allowed?
💸 Minimum
Deposit ($/GHS)
1. Exness👉 Open AccountUp to Unlimited (1:2000 default tiers)YesYes (via mobile money/local methods)None (Standard Cent)
2. XM👉 Open AccountUp to 1:1000NoIndirectly (via conversion)$5 (₵82)
3. Pepperstone👉 Open AccountUp to 1:400 (offshore entities)NoNo (USD/EUR funding only)$0 (₵0)
4. IC Markets👉 Open AccountUp to 1:500NoIndirect (bank conversion)$200 (₵3,280)
5. FBS👉 Open AccountUp to 1:3000NoYes (auto-converted to USD/EUR)$5 (₵82)
6. HFM👉 Open AccountUp to 1:2000NoNo$100 (₵1,640)
7. FP Markets👉 Open AccountUp to 1:500NoNo$100 (₵1,640)

What is high leverage for traders in Ghana?

What is high leverage for traders in Ghana?

 

High-leverage brokers accessible permit opening positions many times larger than the equity in your account, frequently at ratios such as 1:500, 1:1000, or beyond.

In Ghana, where many traders aim to maximize returns despite limited local capital, high leverage becomes an alluring tool. However, it equally magnifies risk: a small adverse move can wipe out your margin quickly.

Operating under Ghana’s regulatory backdrop, where the Bank of Ghana does not regulate retail forex trading directly, local oversight is limited. Thus, traders in Ghana must depend on their broker’s international regulation (FCA, ASIC, CySEC) and internal risk controls.

We specifically checked that brokers accept Ghana-domiciled clients under their international arms rather than restricting them due to region-based compliance. This sees that Ghanaian traders can legally onboard and trade at stated leverage levels.

High leverage in Ghana can be a double-edged sword: a powerful accelerator or a rapid destroyer of capital. Our deep dive make sure that traders in Ghana understand which brokers genuinely deliver high leverage under regulated conditions and under local constraints.

The 7 Best High Leverage Forex Brokers in Ghana

  1. Exness: Flexible high-leverage (up to unlimited) with tight spreads and local funding.
  2. XM: Customizable 1:1000 leverage with low deposit and negative balance protection.
  3. Pepperstone: Entity-based leverage (up to 1:400) plus razor-thin spreads and EAs.
  4. IC Markets: True ECN execution with 1:500 leverage and ultra-low costs.
  5. FBS: Extreme 1:3000 leverage and micro accounts for small Ghana traders.
  6. HFM: Up to 1:2000 multi-asset leverage with Islamic options available.
  7. FP Markets: 1:500 realistic high leverage with raw pricing and multi-platform support.

1. Exness

★★★★★
Minimum Deposit: $10
Regulated by: CBCS, FSA, FSC, FSCA, CMA
Leverage: Up to 1:2000

 

Overview

Exness allows 1:2000 by default for accounts with equity below certain thresholds, and under certain conditions even “unlimited leverage” for very small accounts (e.g. equity under USD 1,000).

As equity increases, the allowed leverage steps down (e.g. 1:1000 above USD 5,000, and 1:500 for accounts over USD 30,000).This flexibility gives Ghana-based speculators a strong tool, as long as they carefully manage risk.

 

Unique Features 

FeatureInformation
⚖️ RegulationFSA Seychelles, FSCA South Africa, Curaçao CBCS, BVI FSC, CySEC, CMA, FCA, JSC
💼 Trading AccountsStandard Cent (no minimum), Pro, Raw Spread, Demo, Islamic
💻 Trading PlatformMT4, MT5, Exness Terminal, Exness Trade app
💳 Minimum Deposit ($/₵)None (₵0) for Standard Cent; higher for Pro
📈 Trading AssetsForex, CFDs on commodities, indices, stocks, crypto (broad coverage)
📊 Ghanaian Cedi-based Account?Yes
💳 Local Deposits Allowed?Yes (mobile money/local funding for Ghanaian clients)
💰 Bonuses for Ghanaian TradersOccasional regional promotions (not guaranteed)
📈 Minimum SpreadVery tight – EUR/USD often near zero
🧪 Demo AccountYes
☪️ Islamic AccountYes
🚀Sign up👉 Open Account

 

Exness High Leverage Forex Broker

 

Pros and Cons

🟢 Pros🔴 Cons
Extremely high leverage (up to 1:2000 or unlimited under certain equity ranges) for Ghanaian tradersHigh leverage raises risk of rapid liquidation, especially in volatile sessions
Low/no minimum deposit (Standard Cent) makes entry affordable for small capital tradersLeverage reduces as equity grows (1:2000 → 1:1000 → 1:500) depending on region
Supports local Ghanaian cedi-denominated accounts and funding via mobile money for convenienceSome bonus/promotional terms may restrict high-leverage use
Tight spreads and zero-pip possible on Raw/Zero accounts reduce cost when leveragedUse of foreign-currency base (USD/EUR) still applies for many accounts; FX risk remains
Reliable mobile and desktop MT4/MT5 environment with automation and EAsSome advanced features (e.g., full DOM) may not be equally available across all entities

 

 

Frequently Asked Questions

Can I keep the same high leverage when converting to a swap-free (Islamic) account?

Yes, in most cases the same leverage options remain in place when you switch or opt for swap-free status, subject to your entity’s leverage caps. You should verify with support once accounts are converted.

If my account grows above USD 30,000, is my leverage reduced automatically?

Yes. Once equity passes thresholds (e.g. USD 30,000), your maximum leverage will be lowered (e.g. to 1:500) as defined in Exness’s leverage schedule.

2. XM

★★★★★
Minimum Deposit: $5
Regulated by: FSC, CySEC, ASIC
Leverage: Up to 1:1000

 

Overview

XM offers leverage up to 1:1000 on various account types (Standard, Micro, Ultra Low). The broker provides flexible leverage settings, meaning clients can choose their leverage level (from 1:1 up to max) in the member area, depending on instrument and risk tolerance.

However, XM’s European/CySEC branch limits retail leverage to much lower (e.g. 1:30) in compliance with regulation; but Ghanaian traders would typically be onboarded via XM’s global/IFSC subsidiaries which retain the higher leverage ceiling.

 

Unique Features 

FeatureInformation
⚖️ RegulationFSC, FSA (Global Entities)
💼 Trading AccountsStandard, Ultra Low, Shares, Demo, Islamic
💻 Trading PlatformM​​T4, MT5, XM App (desktop, web, mobile)
💳 Minimum Deposit ($/₵)$5 (₵82)
📈 Trading AssetsForex, indices, stocks, metals, energies, crypto
📊 Ghanaian Cedi-based Account?No
💳 Local Deposits Allowed?Indirectly (via currency conversion – USD base)
💰 Bonuses for Ghanaian TradersGlobal promotions may apply (not Ghana-specific)
📊 Minimum SpreadFrom ~0.8 pips (on certain account types)
🧪 Demo AccountYes
☪️ Islamic AccountAvailable on request
🚀Sign up👉 Open Account

 

XM High Leverage Forex Broker

 

Pros and Cons

🟢 Pros🔴 Cons
Very low minimum deposit ($5) makes trading accessible for Ghanaian beginnersNo Ghanaian cedi-denominated account; conversion required
Full support for MT4 & MT5 with EA and custom indicator compatibilityLow-spread (0.8 pips) still wider than raw ECN rivals
Large instrument range including forex, stocks and crypto for diversificationGhana deposits may require cross-border transfer or conversion
Demo accounts and Islamic swap-free option provide flexibility and complianceBonus offers may exclude Ghanaian region or have additional conditions
Reliability of global brand gives trust to Ghanaian usersSome advanced tools or account types may need higher capital or region-specific access

 

 

Frequently Asked Questions

Does XM reduce my leverage automatically if my account equity grows?

Yes, in some jurisdictions and under certain instruments, XM may automatically reduce allowable leverage if your equity exceeds thresholds. Traders should check the leverage schedule in their member area.

Does XM provide negative balance protection when trading with high leverage?

Yes, XM offers negative balance protection to ensure your losses cannot push your account into a negative balance, even when trading at high leverage levels.

3. Pepperstone

★★★★★
Minimum Deposit: $0
Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Leverage: Up to 1:500

 

Overview

In highly regulated jurisdictions (ASIC, FCA, CySEC), Pepperstone’s retail accounts are capped at 1:30 per regulatory rules, so traders in Ghana would generally not gain high leverage under those arms.

However, under its CMA (Kenya) or SCB / offshore branches, Pepperstone offers up to 1:400 leverage on forex for eligible Ghanaian clients trading through those entities.

For us, this means verifying the account offers before depositing.

However, XM’s European/CySEC branch limits retail leverage to much lower (e.g. 1:30) in compliance with regulation; but Ghanaian traders would typically be onboarded via XM’s global/IFSC subsidiaries which retain the higher leverage ceiling.

 

Unique Features 

FeatureInformation
⚖️ RegulationASIC (Australia), FCA (UK), CySEC (Cyprus), CMA (Kenya), DFSA (Dubai)
💼 Trading AccountsStandard (spread-only), Razor (raw-spread + commission)
💻 Trading PlatformMT4, MT5, cTrader, Pepperstone WebTrader
💳 Minimum Deposit ($/₵)No formal minimum — trade with any amount
📈 Trading Assets1,200+ CFDs: Forex, indices, commodities, shares, ETFs, crypto
📊 Ghanaian Cedi-based Account?No
💳 Local Deposits Allowed?No (USD/EUR/GBP only; mobile money not supported)
💰 Bonuses for Ghanaian TradersOccasional rebates/Active Trader programme (not region-specific)
📈 Minimum SpreadRazor: from 0.0 pips (+ commission); Standard: small inclusive spreads
🧪 Demo AccountYes
☪️ Islamic AccountYes (swap-free option)
🚀Sign up👉 Open Account

 

Pepperstone High Leverage Forex Broker

 

Pros and Cons

🟢 Pros🔴 Cons
Razor account spreads from 0.0 pips ideal for high-volume/scalping strategiesNo Ghana cedi-denominated account; currency conversion costs apply
Multiple platforms offered: MT4, MT5, cTrader provide flexibilityLocal Ghanaian funding methods (mobile money) aren’t supported
Entity-based leverage up to 1:400 available for Ghana-eligible clientsLeverage caps may be lower if you are under ASIC/FCA entity (1:30 max)
Strong global regulation adds trust for Ghanaian tradersSpreads may widen during major news/low liquidity sessions
Demo accounts let you test high-leverage strategies without real capitalCommission on Razor/Pro accounts can reduce benefit for small trades
Swap-free (Islamic) account available for compliant tradersDormant account or inactivity fees may apply depending on account terms

 

 

Frequently Asked Questions

Can I run automated strategies (EAs) under 1:400 leverage?

Yes, Pepperstone supports algorithmic / EA trading across MT4, MT5, and cTrader, provided your account is under the high-leverage enabling branch.

Which Pepperstone entity should a Ghanaian trader choose to access higher leverage?

For high leverage (up to 1:400), Ghanaian traders should open with Pepperstone’s CMA (Kenya) or SCB / offshore branch (if available in Ghana). The regulated FCA/ASIC arms restrict leverage to 1:30. You should confirm with support before account setup.

4. IC Markets

★★★★★
Minimum Deposit: $200
Regulated by: FSA
Leverage: Up to 1:500

 

Overview

IC Markets (via its global / offshore branch, Raw Trading Ltd under Seychelles FSA) offers leverage up to 1:500 for forex trading.

In practice, Ghana-based traders can use 1:500 leverage to amplify trade size with less capital margin, letting them engage in disciplined scalping, breakout, or day strategies.

However, XM’s European/CySEC branch limits retail leverage to much lower (e.g. 1:30) in compliance with regulation; but Ghanaian traders would typically be onboarded via XM’s global/IFSC subsidiaries which retain the higher leverage ceiling.

 

Unique Features 

FeatureInformation
⚖️ RegulationASIC (Australia), CySEC (Cyprus), FSA Seychelles (Global entity)
📊 Trading AccountsRaw Spread, Standard, Demo, Islamic
💻 Trading PlatformMT4, MT5, cTrader (desktop, web, mobile)
💳 Minimum Deposit ($/₵)$200 (₵3,280) minimum typical for Ghana clients
📈 Trading AssetsForex, indices, commodities, stocks, crypto, 2,100+ instruments
📊 Ghanaian Cedi-based Account?No
💳 Cedi Deposits Allowed?Indirect (via conversion from USD/EUR)
💰 Bonuses for Ghanaian TradersNo region-specific deposit bonuses
📉 Minimum SpreadFrom ~0.0 pips on Raw/ECN accounts
🧪 Demo AccountYes
☪️ Islamic AccountYes (on request)
🚀Sign up👉 Open Account

 

IC Markets High Leverage Forex Broker

 

Pros and Cons

🟢 Pros🔴 Cons
Leverage up to 1:500–1:1000 for Ghanaian clients under global entity gives strong exposureMinimum deposit of $200 may be higher than some entry-level traders prefer
Tight spreads from ~0.0 pips on Raw accounts make cost efficient high-volume trading possibleNo Ghana cedi-denominated base account – currency conversion risk applies
Full support for MT4, MT5 and cTrader gives flexibility across styles and automationLeverage and asset limits vary by instrument; higher risk of stop-outs with high leverage
Swap-free (Islamic) accounts available for compliant trading needsLocal funding and mobile money options in Ghana are not clearly publicised
Strong global infrastructure (NY4 server, deep liquidity) aids performance and reliabilityClients from Ghana trade under offshore entity (Seychelles) – lesser local regulatory protection

 

 

Frequently Asked Questions

How do I switch my leverage after opening an IC Markets account?

Log into your client dashboard, select the trading account, then adjust leverage (from 1:1 to 1:500) in the settings menu. The change applies forward but won’t affect existing open positions.

Are there lever-based restrictions for different assets (e.g. crypto or stocks) at IC Markets?

Yes. While forex pairs enjoy up to 1:500, other asset classes have lower leverage ceilings (e.g., indices 1:200, stocks lower) depending on volatility.

5. FBS

★★★★★
Minimum Deposit: $5
Regulated by: CySEC, FSC, ASIC
Leverage: Up to 1:3000

 

Overview

FBS positions itself as a high-leverage specialist: its international entities advertise flexible leverage up to 1:3000. The toggleable leverage lets Ghana-based clients dial risk up or down from the Personal Area, which matters when local connectivity or volatility makes tighter risk controls practical.

 

Unique Features 

FeatureInformation
⚖️ RegulationCySEC (Europe), IFSC (Belize), FSCA (South Africa)
📊 Trading AccountsCent, Micro, Standard, ECN, Zero Spread, Pro
💻 Trading PlatformMT4, MT5, FBS Trader App
💳 Minimum Deposit ($/₵)From $5 (₵82) depending on payment method
📈 Trading AssetsForex, indices, commodities, crypto, stocks
📊 Ghanaian Cedi-based Account?No (USD/EUR base)
💳 Cedi Deposits Allowed?Yes – deposits in GHS auto-converted to USD/EUR
💰 Bonuses for Ghanaian TradersGlobal promotions available periodically (not Ghana-specific)
📉 Minimum SpreadFrom ~0.7 pips; 0.0 pips on raw/zero accounts
🧪 Demo AccountYes
☪️ Islamic AccountYes (swap-free option via settings)
🚀Sign up👉 Open Account

 

FBS High Leverage Forex Broker

 

Pros and Cons

🟢 Pros🔴 Cons
Ultra-high leverage up to 1:3000 for small balancesHigh leverage can cause rapid stop-outs during volatility
Low $5 minimum deposit makes entry easy for Ghanaian tradersCurrency conversion costs apply (no GHS base account)
Accepts GHS deposits – automatically converted to USD/EURLeverage tiers may differ by account type and entity
Negative balance protection helps limit major downside riskPromotions/bonuses may include conditions unsuitable for leveraged trading
Islamic (swap-free) trading supported and easy to enableExecution and pricing may vary under different regulatory entities

 

 

Frequently Asked Questions

Can I change leverage after account creation?

Yes, go to your Personal Area and adjust leverage; changes apply going forward.

Can I fund in cedis?

FBS says deposits can be made in any currency, converted automatically to USD/EUR.

6. HFM

★★★★★
Minimum Deposit: $0
Regulated by: FCA, FSA, DFSA, FSCA, CMA
Leverage: Up to 1:1000

 

Overview

HFM’s global account lineup currently lists maximum leverage up to 1:2000 on several account types (and up to 1:1000 on instruments like selected crypto CFDs).

Depending on the specific HFM entity you onboard under, available leverage may differ; Ghanaian residents typically join an international arm rather than the EU/UK subsidiaries.

We like that HFM pairs high leverage with transparent margin call/stop-out levels, and supports swap-free (Islamic) trading across selected accounts – useful for local religious compliance.

 

Unique Features 

FeatureInformation
⚖️ RegulationCentral Bank of Ireland, ASIC, FSCA (South Africa), FSA (Seychelles), BVI FSC, ADGM, ISA (Israel)
📊 Trading AccountsRetail, Professional, Islamic, MAM/PAMM
💻 Trading PlatformMT4, MT5, WebTrader, HFM App
💳 Minimum Deposit ($/₵)$100 (₵1,640)
📈 Trading AssetsForex, indices, commodities, stocks, crypto, options
📊 Ghanaian Cedi-based Account?No
💳 Cedi Deposits Allowed?No direct local deposit methods
💰 Bonuses for Ghanaian TradersNone specified
📉 Minimum SpreadFrom ~0.9 pips (FX)
🧪 Demo AccountYes (default $/€/£10,000 virtual funds)
☪️ Islamic AccountYes (swap-free)
🚀Sign up👉 Open Account

 

HFM High Leverage Forex Broker

 

Pros and Cons

🟢 Pros🔴 Cons
Leverage up to 1:2000 for multiple account typesHigh leverage varies by entity; Ghana must join correct branch
Crypto CFDs available with leverage up to 1:1000Instrument-specific caps reduce leverage on non-FX assets
Swap-free (Islamic) trading supported across account typesNo GHS accounts; conversion costs apply to deposits
Transparent margin call and stop-out levelsThin liquidity may cause slippage under high leverage
Diverse account lineup (Pro, Zero, Islamic) for flexible risk setupTerms and admin fees for swap-free or Zero accounts require review

 

 

Frequently Asked Questions

Can Ghanaian residents get 1:2000 on day one?

Yes, if you’re onboarded under an HFM entity that offers 1:2000 on your chosen account type; check the Compare Accounts page and your entity at signup.

Is crypto leverage really up to 1:1000?

On selected crypto CFDs, HFM advertises up to 1:1000; availability and caps can vary by entity and instrument.

7. FP Markets

★★★★★
Minimum Deposit: $100 AUD
Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA
Leverage: Up to 1:500

 

Overview

FP Markets advertises maximum leverage up to 1:500 under many of its international branches (for non-European/non-ASIC clients). Both the Standard and Raw account variants allow leverage as high as 500:1.

For traders in Ghana, 1:500 is a meaningful level: small capital can be deployed into larger positions in forex pairs (especially majors) or commodities.

 

Unique Features 

FeatureInformation
⚖️ RegulationASIC (Australia), CySEC (Cyprus), FSCA (South Africa)
📊 Trading AccountsStandard, Raw, Demo, Islamic
💻 Trading PlatformMT4, MT5, cTrader, TradingView, WebTrader, Mobile App
💳 Minimum Deposit ($/₵)$100 (₵1,640)
📈 Trading Assets10,000+ instruments: forex, indices, shares, commodities, metals, crypto, bonds, ETFs
📊 Ghanaian Cedi‑based Account?No
💳 Cedi Deposits Allowed?No (USD/EUR base only)
💰 Bonuses for Ghanaian TradersNone publicly specified
📈 Minimum SpreadFrom 0.0 pips on Raw account; Standard around ~1.0 pip
🧪 Demo AccountYes
☪️ Islamic AccountYes (swap‑free)
🚀Sign up👉 Open Account

 

FP Markets High Leverage Forex Broker

 

Pros and Cons

🟢 Pros🔴 Cons
True ECN‑style spreads from 0.0 pips help high‑leverage traders reduce costNo Ghanaian cedi‑denominated account; currency conversion necessary
Supports MT4 & MT5 and many tools (DOM, EAs) for advanced tradingMinimum deposit may be higher than some beginner Ghanaian traders prefer
Very broad instrument coverage (10,000+ assets) gives diversification opportunityClient‑funding options in Ghana (mobile money/banks) are less clearly detailed
Swap‑free (Islamic) accounts available for compliant tradingSome plug‑ins or extra tools may add cost for beginners
Multi‑regulation enhances trust for Ghanaian usersLeverage limits for non‑forex assets may be lower than forex pairs

 

 

Frequently Asked Questions

Can I access 1:500 leverage from Ghana?

Yes, if your applicable FP Markets branch is one that permits 1:500 leverage (global/non-EU/ASIC arm). Within Forex and certain commodities, that is the standard maximum advertised for many clients.

Can I trade high-leverage crypto or equity CFDs with 1:500?

No, FP Markets assigns lower leverage limits to less liquid or higher volatility assets (e.g. indices, equities, crypto). Forex and commodities are typically given the 1:500 max; others have stricter caps.

Why Ghanaian Traders Seek High Leverage

Why Ghanaian Traders Seek High Leverage

 

High leverage often gives the chance to turn modest savings into meaningful market exposure. With limited disposable income and fluctuating cedi exchange rates, many retail traders face the challenge of starting small while competing in a dollar-denominated market.

Leverage, therefore, acts as a tool for accessibility: it allows a trader with $50 or $100 in equity to open positions that would normally require far greater capital.

The search for high leverage reflects Ghana’s broader economic realities: a drive to overcome limited capital, hedge against currency depreciation, and pursue income through international markets where smart use of leverage can transform small beginnings into sustainable trading momentum.

Our Final Thoughts

We found that responsible brokers combine generous leverage with features like negative balance protection, adjustable margin settings, and transparent regulation under authorities such as ASIC, CySEC, or FSCA.

Still, traders should remain cautious about offshore entities with weaker safeguards. The best high leverage broker for Ghanaian traders is not the one offering the biggest multiplier but the one pairing flexibility with credible oversight and reliable execution.

Frequently Asked Questions

What is the maximum leverage Ghanaian traders can get?

Most international brokers servicing Ghana advertise leverage levels up to 1:500 for retail forex trading, though some offer higher (e.g. 1:1000+) depending on account type and entity.

 

Is high leverage legal for individuals in Ghana?

Yes, individuals in Ghana can legally use international brokers offering high leverage, as long as those brokers accept Ghanaian clients and abide by their own regulatory standards.

 

Do I need special documentation to trade with high leverage?

No special documentation beyond standard KYC (ID, proof of address) is required; high leverage is simply a feature available after account verification.

 

Can I lose more than my deposit when trading with high leverage?

Reputable brokers often incorporate negative balance protection, ensuring you cannot lose more than your account balance even when using high leverage.

 

Does high leverage work on all instruments?

Not always, brokers tend to impose lower leverage caps on instruments like stocks, indices, or cryptocurrencies compared to major forex pairs.

Addendum/Disclosure:

No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

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