NDD brokers have changed the way traders in Ghana access the forex market. They connect you directly to liquidity providers without interference or price manipulation. If transparency and speed influence how you trade, NDD platforms offer both.
This guide looks at the best options for Ghanaian traders who want consistent execution and reliable pricing. Here is what we cover in our guide:
- What does an NDD forex broker mean for traders in Ghana?
- 9 Best NDD Forex Brokers in Ghana
- Common pitfalls when choosing NDD brokers
- Final verdict on NDD Brokers in Ghana
- Questions traders often ask about NDD Forex Brokers
To identify the best NDD brokers for Ghanaian traders, each platform was evaluated across execution speed, regulation, trading costs, and platform reliability. Our analysis included spread consistency, funding options available to Ghanaian accounts, and the overall user experience.
5 Best Forex Brokers in Ghana
Rank | Broker | Review | Regulators | Min Deposit | Official Site |
🥇 |  | Read Review | CBCS, FSA, FSC, FSCA, CMA | $10 | Visit Broker |
🥈 |  | Read Review | ASIC, CySEC, IFSC, DFSA, FCA | $5 | Visit Broker |
🥉 |  | Read Review | FSC, ASIC, CySEC | $5 | Visit Broker |
#4 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Broker |
#5 |  | Read Review | FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine | $0 | Visit Broker |
9 Best NDD Forex Brokers in Ghana – Compared
| 🥇 Broker Trading App | 👉 Open An Account | 💸 Minimum Deposit ($/GHS) | 💰 Cedi-based Account? | 💳 GHS Deposits Allowed? |
| 1. IC Markets | 👉 Open Account | $200 (2,500 GHS) | No | No |
| 2. Pepperstone | 👉 Open Account | $200 (2,500 GHS) | No | No |
| 3. FP Markets | 👉 Open Account | $100 (1,200 GHS) | No | No |
| 4. Exness | 👉 Open Account | $10 (120 GHS) | Yes | Yes |
| 5. RoboForex | 👉 Open Account | $10 (120 GHS) | No | No |
| 6. JustMarkets | 👉 Open Account | $10 (120 GHS) | No | No |
| 7. OANDA | 👉 Open Account | No minimum | No | No |
| 8. HFM | 👉 Open Account | $0 | No | Yes |
| 9. CMC Markets | 👉 Open Account | €100 (1,500 GHS) | No | No |
What does an NDD forex broker mean for traders in Ghana?
An NDD, or no dealing desk, forex broker connects you directly to liquidity providers instead of taking the other side of your trades. That means your orders are filled at market prices, without interference or price manipulation.
The spreads are usually variable and start from 0.0 pips on raw accounts, while a commission per lot is charged instead of hidden mark-ups. This structure helps active traders by offering faster execution and more consistent pricing.
9 Best NDD Forex Brokers in Ghana
- IC Markets: True ECN broker known for raw spreads, deep liquidity, and professional-grade platforms ideal for high-volume Ghanaian traders.
- Pepperstone: Globally trusted STP broker offering razor accounts, tight spreads, and seamless MT4, MT5, and TradingView access.
- FP Markets: Competitive ECN broker with transparent pricing, fast execution, and support for cTrader and TradingView.
- Exness: Well-regulated multi-asset broker offering instant execution, ultra-low spreads, and easy funding options for African traders.
- RoboForex: Flexible ECN and Prime accounts with strong automation tools and competitive execution speeds.
- JustMarkets: Accessible broker with raw-spread accounts, flexible leverage, and straightforward onboarding for emerging traders.
- OANDA: Long-established global brand combining institutional-grade pricing with reliable execution and data transparency.
- HFM: Popular multi-account broker offering market execution, tight spreads, and strong education for retail forex traders.
- CMC Markets: Premium broker with institutional-style liquidity, advanced charting, and raw-spread “FX Active” accounts for serious traders.
1. IC Markets
 | Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Overview
With IC Markets, trades go straight to market through ECN-style execution on MetaTrader, cTrader, and TradingView.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | ASIC, CySEC, FSA, SCB, CMA |
| 🇬🇭 Local Access & Availability for Ghana | Available via IC Markets Global under FSA Seychelles oversight |
| 💻 Trading Platforms Supported | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| ⚙️ Execution Model (NDD Type) | ECN-style Raw Pricing, no dealing desk |
| 💰 Minimum Deposit (USD equivalent) | 200 USD |
| 📊 Account Types for Ghanaian Traders | Raw MT4, Raw cTrader, Standard, Islamic |
| 💵 Funding & Withdrawal Methods in Ghana | Cards, PayPal, Skrill, Neteller, Bank Transfer |
| ⚡ Spread & Commission Style | Raw spreads from 0.0 pips, $3.00–$3.50 per side on Raw accounts |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Raw ECN pricing with direct market access | No Ghana-specific mobile money deposits |
| Tight spreads from 0.0 pips on major pairs | Bank withdrawals can take longer to reach Ghana |
| Supports multiple platforms | Investor protection not under EU-tier regulation for FSA clients |
| VPS and advanced tools available |
Frequently Asked Questions
Does IC Markets offer copy trading for Ghanaian traders?
Yes, IC Markets supports copy trading through IC Social, ZuluTrade, and Signal Start.
Can IC Markets clients in Ghana use TradingView for direct execution?
Yes, IC Markets integrates with TradingView, letting you analyse and trade from charts directly.
2. Pepperstone
 | Minimum Deposit: $0 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Leverage: Up to 1:500 |
Overview
Pepperstone’s NDD model offers low-latency execution, raw spreads from 0.0 pips, and consistent trade fills across its Standard, Razor, and Pro accounts.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | ASIC, FCA, CySEC, DFSA, SCB, BaFin, CMA |
| 🇬🇭 Local Access & Availability for Ghana | Accounts onboarded via SCB-regulated Pepperstone Markets |
| 💻 Trading Platforms Supported | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader |
| ⚙️ Execution Model (NDD Type) | STP, no dealing desk |
| 💰 Minimum Deposit (USD equivalent) | 0 USD |
| 📊 Account Types for Ghanaian Traders | Standard, Razor, Pro, Islamic |
| 💵 Funding & Withdrawal Methods in Ghana | Card, bank transfer, PayPal, Skrill, Neteller |
| ⚡ Spread & Commission Style | Spreads from 0.0 pips, $3.50 per lot per side on Razor |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| VPS hosting and algorithmic available | No mobile money or GHS deposits |
| Transparent NDD execution | Islamic account not available for Ghana |
| Well-regulated trading environment |
Frequently Asked Questions
What trading platforms can Ghanaians use with Pepperstone?
You can trade via MetaTrader 4, MetaTrader 5, cTrader, or TradingView.
What is the minimum deposit to open a Pepperstone account in Ghana?
There’s no fixed minimum, but a practical starting deposit is around USD 200.
3. FP Markets
 | Minimum Deposit: $100 AUD Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Leverage: Up to 1:500 |
Overview
Ghanaian traders get NDD access through FP Markets on MetaTrader, cTrader, and TradingView with Level II market depth.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | ASIC, CySEC, FSCA, FSA, FSC, CMA |
| 🇬🇭 Local Access & Availability for Ghana | Accounts opened under Seychelles FSA or Mauritius FSC |
| 💻 Trading Platforms Supported | MetaTrader 4, MetaTrader 5, cTrader, TradingView, FP Markets App |
| ⚙️ Execution Model (NDD Type) | ECN pricing, market execution, no dealing desk |
| 💰 Minimum Deposit (USD equivalent) | 100 USD |
| 📊 Account Types for Ghanaian Traders | Standard, Raw, Islamic Standard, Islamic Raw, MAM, PAMM |
| 💵 Funding & Withdrawal Methods in Ghana | Card, bank wire, Skrill, Neteller, crypto |
| ⚡ Spread & Commission Style | Spreads from 0.0 pips, $3 per side on Raw |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| VPS hosting and TradeMedic analytics offered | Admin fees apply after grace period on Islamic accounts |
| Copy trading via Myfxbook AutoTrade and Signal Start | Bank withdrawals can take up to 10 business days |
| Offers global markets across accounts |
Frequently Asked Questions
Does FP Markets offer copy trading for Ghanaian traders?
Yes, FP Markets provides copy trading via Myfxbook AutoTrade and Signal Start.
Does FP Markets charge withdrawal fees for Ghana clients?
No, there are no internal fees.
4. Exness
| Minimum Deposit: $10 Regulated by: CBCS, FSA, FSC, FSCA, CMA Leverage: Up to 1:2000 |
Overview
With Exness, orders flow straight through to the market, supported by unlimited leverage and instant withdrawals.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | ASIC, CySEC, FSCA, FSA, FSC, CMA |
| 🇬🇭 Local Access & Availability for Ghana | Accounts opened under Seychelles FSA or Mauritius FSC |
| 💻 Trading Platforms Supported | MetaTrader 4, MetaTrader 5, cTrader, TradingView, FP Markets App |
| ⚙️ Execution Model (NDD Type) | ECN pricing, market execution, no dealing desk |
| 💰 Minimum Deposit (USD equivalent) | 100 USD |
| 📊 Account Types for Ghanaian Traders | Standard, Raw, Islamic Standard, Islamic Raw, MAM, PAMM |
| 💵 Funding & Withdrawal Methods in Ghana | Card, bank wire, Skrill, Neteller, crypto |
| ⚡ Spread & Commission Style | Spreads from 0.0 pips, $3 per side on Raw |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| VPS hosting and TradeMedic analytics offered | Admin fees apply after grace period on Islamic accounts |
| Copy trading via Myfxbook AutoTrade and Signal Start | Bank withdrawals can take up to 10 business days |
| Offers global markets across accounts |
Frequently Asked Questions
Can I use MT4 or MT5 on Exness in Ghana?
Yes, both platforms are available.
How long do Exness Ghana withdrawals take?
Withdrawals are processed instantly or within one business day.
5. RoboForex
 | Minimum Deposit: $10 Regulated by: FSC Leverage: Up to 1:200 |
Overview
RoboForex stands out among NDD brokers for Ghanaians through its hybrid ECN and STP network, giving access to deep liquidity pools on MT4, MT5, and R StocksTrader.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | FSA, CBCS, FSC, FSCA, CySEC, FCA, CMA, JSC |
| 🇬🇭 Local Access & Availability for Ghana | Available online with GHS accounts |
| 💻 Trading Platforms Supported | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trade App, Web Terminal |
| ⚙️ Execution Model (NDD Type) | Market execution, ECN-style liquidity, no dealing desk |
| 💰 Minimum Deposit (USD equivalent) | 10 USD |
| 📊 Account Types for Ghanaian Traders | Standard, Cent, Pro, Zero, Raw Spread, Islamic |
| 💵 Funding & Withdrawal Methods in Ghana | Local bank transfer, Mobile Money, Visa, Mastercard, Skrill, Neteller, crypto |
| ⚡ Spread & Commission Style | Spreads from 0.0 pips, up to $3.50 per side |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| NDD market execution with raw spreads from 0.0 pips | Performance fees apply on some copy trading strategies |
| Offers several markets with ties to Ghana’s economy | Higher minimum deposit on Pro, Zero, and Raw accounts |
| Unlimited leverage and 24/7 support in English |
Frequently Asked Questions
Can beginners in Ghana use RoboForex?
Yes, RoboForex offers a demo and a cent account for beginners to start trading.
Does RoboForex offer bonuses?
Yes, cashback and balance-based bonuses are available.
6. JustMarkets
 | Minimum Deposit: $10 Regulated by: FSA, CySEC, FSCA, FSC Leverage: Up to 1:1000 |
Overview
JustMarkets’ orders are processed in milliseconds, ensuring that trades reach the interbank level without dealer manipulation and ensuring low commission fees for high-frequency traders.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | FSC Belize |
| 🇬🇭 Local Access & Availability for Ghana | Accessible via global site, full account setup with Ghana ID, local transfer and wallet funding |
| 💻 Trading Platforms Supported | MT4, MT5, R StocksTrader |
| ⚙️ Execution Model (NDD Type) | ECN and STP |
| 💰 Minimum Deposit (USD equivalent) | 10 USD |
| 📊 Account Types for Ghanaian Traders | ProCent, Pro, ECN, Prime, R StocksTrader, Islamic |
| 💵 Funding & Withdrawal Methods in Ghana | Bank cards, local bank transfer, Skrill, Neteller, AstroPay, STICPAY, Western Union, QR vouchers |
| ⚡ Spread & Commission Style | Raw spreads from 0.0 pips with commission or 1.3 pips all-inclusive spread |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Commission rebates and balance bonuses offered | Regulated offshore by FSC not Ghana’s SEC |
| Low $10 minimum deposit | Withdrawal fees outside Tuesday promo days |
| Supports local bank transfers and regional wallets |
Frequently Asked Questions
Does JustMarkets offer raw spread trading in Ghana?
Yes, the Raw Spread account starts from 0 pips with a $3 per-side commission.
Does JustMarkets support crypto deposits for Ghana residents?
Yes, BTC, ETH, USDT, and other cryptos are accepted for deposits and withdrawals.
7. OANDA
 | Minimum Deposit: $0 Regulated by: NFA, CFTC Leverage: Up to 1:200 |
Overview
OANDA stands out for its non-dealing-desk execution model built on institutional-grade technology. It connects Ghanaian traders directly to the market through platforms like MT5 and TradingView.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | FSA, CySEC, FSCA, FSC, BVI FSC |
| 🇬🇭 Local Access & Availability for Ghana | Global online access, supports Ghanaian clients via remote verification |
| 💻 Trading Platforms Supported | MT4, MT5, JustMarkets App |
| ⚙️ Execution Model (NDD Type) | Market execution, true NDD routing |
| 💰 Minimum Deposit (USD equivalent) | 10 USD |
| 📊 Account Types for Ghanaian Traders | Standard Cent, Standard, Pro, Raw Spread, Copy Trading |
| 💵 Funding & Withdrawal Methods in Ghana | Cards, Skrill, Neteller, STICPAY, Crypto (USDT, BTC, ETH, etc), Bank Transfer |
| ⚡ Spread & Commission Style | From 0.0 pips on Raw Spread, $3 per side per lot |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Leverage up to 1:3000 available | No local office or direct Ghanaian phone support |
| True NDD execution | Energy products not covered under swap-free policy |
| Offers several deposit and withdrawal methods |
Frequently Asked Questions
Which OANDA account provides true NDD access?
All live accounts use NDD execution, but the Premium Plus account gives access to OANDA’s core pricing with raw spreads.
Are commissions charged on OANDA’s NDD accounts?
Only the Premium Plus account uses a commission model of $5 per 100,000 units under core pricing.
8. HFM
| Minimum Deposit: $0 Regulated by: FCA, FSA, DFSA, FSCA, CMA Leverage: Up to 1:1000 |
Overview
HFM appeals to Ghanaian traders who want genuine market quotes, consistent fills, and flexible account choices that align with direct-access trading.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | BVI FSC, FCA, ASIC, MAS, CIRO, CFTC, NFA, FFAJ, JFSA, MFSA |
| 🇬🇭 Local Access & Availability for Ghana | Available under BVI FSC entity, account setup via global website |
| 💻 Trading Platforms Supported | MT5, fxTrade, TradingView |
| ⚙️ Execution Model (NDD Type) | Market execution, no dealing desk |
| 💰 Minimum Deposit (USD equivalent) | No set minimum |
| 📊 Account Types for Ghanaian Traders | Standard, Premium, Premium Plus |
| 💵 Funding & Withdrawal Methods in Ghana | Bank transfer, Visa, Mastercard, Skrill, Wise |
| ⚡ Spread & Commission Style | From 0.6 pips commission-free, or $5 per 100k units with core pricing |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Core pricing model with raw spreads | Limited Ghana-focused deposit channels |
| Reliable regulation | Customer service hours limited to CET schedule |
| Transparent NDD execution |
Frequently Asked Questions
Which platform works best for HFM’s NDD execution?
MetaTrader 5 or the HFM App delivers the fastest order handling for NDD trading.
Does HFM support swap-free NDD trading in Ghana?
Yes, swap-free (Islamic) options are available on request for most account types.
9. CMC Markets
 | Minimum Deposit: $0 Regulated by: FCA, ASIC, MAS, FMA, IIROC Leverage: Up to 1:30 |
Overview
CMC Markets routes trades directly to liquidity providers through its FX Active and Next Generation platforms. Ghana-based traders can expect raw spreads from 0.0 pips with tier-one regulatory protection.
Unique Features
| Metric | Description |
| 🌍 Regulation & Licensing Coverage | CMA, FSA, FSCA, CySEC, FCA, DFSA, FSC |
| 🇬🇭 Local Access & Availability for Ghana | Accessible via international entities |
| 💻 Trading Platforms Supported | MT4, MT5, Webtrader, HFM App |
| ⚙️ Execution Model (NDD Type) | True NDD, STP, ECN-style routing |
| 💰 Minimum Deposit (USD equivalent) | 0 USD (from $5 on Credit/Debit Card) |
| 📊 Account Types for Ghanaian Traders | Cent, Premium, Zero, Pro, Pro Plus, HFcopy |
| 💵 Funding & Withdrawal Methods in Ghana | Cards, bank transfers, e-wallets, crypto |
| ⚡ Spread & Commission Style | Raw spreads from 0.0 pips on Zero Account, competitive commission fees |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Zero Account offers the tightest spreads | Offshore onboarding only |
| ECN-style order routing | No GHS-denominated account |
| No set minimum deposit |
Frequently Asked Questions
How does CMC Markets’ execution differ from market-maker brokers in Ghana?
CMC Markets does not take the opposite side of trades; orders go straight to external liquidity providers.
What leverage is available for Ghanaian clients under NDD conditions?
Up to 1:200, which aligns with regulatory limits from tier-one bodies.
Common pitfalls when choosing NDD brokers
Unregulated or fake licensing
Hidden trading costs
False NDD or ECN claims
Manipulated execution
Final verdict on NDD Brokers in Ghana
NDD brokers have made forex trading in Ghana more open and reliable. Direct access to liquidity providers removes the pricing interference that traders once struggled with. The difference is most clear in execution speed, cost transparency, and trade consistency.
NDD trading offers a cleaner way to engage the market, but the key is to verify regulation and funding channels before opening an account. A credible licence and dependable payment options are more important than headline spreads.
Questions traders often ask about NDD Forex Brokers
Is trading through an NDD Forex Broker legal in Ghana?
Yes. Ghanaians can trade with internationally licensed NDD brokers that accept clients under entities registered in places like Seychelles, Cyprus, or the Bahamas.
What spreads should I expect from a true NDD Forex Broker?
Spreads start from 0.0 pips on raw accounts and vary with market conditions.
Do NDD Forex Brokers allow Islamic or swap-free accounts?
Yes. Many offer swap-free or Islamic options for Muslim traders in Ghana.
How do I verify if a broker’s NDD claim is genuine?
Check the licence and regulation details on the broker’s website and confirm it with the stated authority. True NDD brokers use ECN or STP execution models and don’t act as counter-parties to client trades.
What are the risks of using an NDD Forex Broker?
Unregulated or fake brokers may claim to be NDD but route orders internally. There’s also the risk of slippage, widened spreads during volatile markets, and potential hidden costs if commissions and swaps aren’t clearly stated.
Can I deposit and withdraw in Ghanaian cedis with an NDD Forex Broker?
Yes, some allow Ghanaian cedi accounts or deposits through local payment channels.
How fast is order execution with an NDD Forex Broker?
Orders are processed directly through liquidity providers in milliseconds. Execution speed depends on the platform and the internet connection.
Does slippage occur more often with NDD Forex Brokers?
It can happen, especially during major market news or low-liquidity periods, but it’s market-driven, not broker manipulation.
How do NDD Forex Broker fees and commissions compare to dealing-desk models?
NDD brokers usually charge a fixed commission per lot traded instead of marking up spreads. This means raw spreads start near 0.0 pips, with a small per-trade fee.
Can I use local payment methods with an NDD Forex Broker?
Yes, some offer local bank transfers or Mobile Money for deposits and withdrawals.
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.