Best Forex Brokers In Ghana 2025
Forex trading in Ghana has become increasingly popular. Yet while the country’s Securities & Exchange Commission and Bank of Ghana does license some ‘Broker Dealers’, many Ghanaians turn to established international brokers for their superior trading conditions.
We’ve compiled a list of the best forex brokers in Ghana. All our recommended platforms have been vetted by our forex experts to ensure they provide superb platforms, excellent pricing, a great range of currency pairs, and local payment methods, such as M-Pesa.
6 Top Forex Brokers In Ghana
These are the 6 highest-rated forex trading platforms that accept traders from Ghana based on our in-depth tests and personal observations:
Here is a summary of why we recommend these brokers in April 2025:
- XM - XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.8 pips on the EUR/USD in the commission-free account.
- Exness - Exness offers an impressive selection of around 100 forex pairs - more than most brokers we've evaluated - along with competitive spreads on major pairs starting as low as 0.1 pips. Additionally, traders benefit from a robust suite of forex analysis tools, including market news powered by FXStreet.
- Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
- AvaTrade - AvaTrade delivers 50+ currency pairs with tight spreads from 0.9 pips and zero commissions. Trade majors, minrs, and exotics 24/5 on leading forex platforms, notably MT4, with sophisticated charting tools and forex education to sharpen your edge, including a dedicated guide to 'Currency Trading'.
- Pepperstone - Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.
- Eightcap - Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market.
Best Forex Brokers In Ghana 2025 Comparison
| Broker | Forex Assets | EUR/USD Spread | Forex App Rating | Minimum Deposit | Regulator |
|---|---|---|---|---|---|
| XM | 55+ | 0.8 | / 5 | $5 | ASIC, CySEC, DFSA, IFSC |
| Exness | 100+ | 0.0 | / 5 | $10 | CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC |
| Vantage | 55+ | 0.0 | / 5 | $50 | FCA, ASIC, FSCA, VFSC |
| AvaTrade | 50+ | 0.9 | / 5 | $100 | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
| Pepperstone | 100+ | 0.1 | / 5 | $0 | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
| Eightcap | 50+ | 0.0 | / 5 | $100 | ASIC, FCA, CySEC, SCB |
XM
"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."
Christian Harris, Reviewer
XM Quick Facts
| Bonus Offer | $30 No Deposit Bonus When You Register A Real Account |
|---|---|
| GBPUSD Spread | 0.8 |
| EURUSD Spread | 0.8 |
| EURGBP Spread | 1.5 |
| Total Assets | 55+ |
| Leverage | 1:1000 |
| Platforms | MT4, MT5, TradingCentral |
| Account Currencies | USD, EUR, GBP, JPY |
Pros
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
- XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
Cons
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable or web-accessible solution for a more beginner-friendly user experience with unique features.
- Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
Exness
"After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."
Exness Quick Facts
| GBPUSD Spread | 0.0 |
|---|---|
| EURUSD Spread | 0.0 |
| EURGBP Spread | 0.0 |
| Total Assets | 100+ |
| Leverage | 1:Unlimited |
| Platforms | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY |
Pros
- Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze.
- Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
- Exness was the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes, highlighting its legitimacy.
Cons
- Exness has expanded its range of CFDs and added a copy trading feature, but there are still no real assets such as ETFs, cryptocurrencies or bonds
- Retail trading services are unavailable in certain jurisdictions, such as the US and the UK, limiting accessibility compared to top-tier brokers like Interactive Brokers.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
Vantage
"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."
Jemma Grist, Reviewer
Vantage Quick Facts
| Bonus Offer | 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme |
|---|---|
| GBPUSD Spread | 0.5 |
| EURUSD Spread | 0.0 |
| EURGBP Spread | 0.5 |
| Total Assets | 55+ |
| Leverage | 1:500 |
| Platforms | ProTrader, MT4, MT5, TradingView, DupliTrade |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN |
Pros
- The ECN accounts are very competitive with spreads from 0.0 pips and a $1.50 commission per side
- Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
- Vantage caters to hands-off investors with beginner-friendly social trading via ZuluTrade & Myfxbook
Cons
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
AvaTrade
"AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets."
AvaTrade Quick Facts
| Bonus Offer | 20% Welcome Bonus up to $10,000 |
|---|---|
| GBPUSD Spread | 1.5 |
| EURUSD Spread | 0.9 |
| EURGBP Spread | 1.5 |
| Total Assets | 50+ |
| Leverage | 1:30 (Retail) 1:400 (Pro) |
| Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
Cons
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- Although the deposit process itself is smooth, AvaTrade still doesn’t facilitate crypto payments, a feature increasingly offered by brokers like TopFX, which caters to crypto-focused traders.
Pepperstone
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
Pepperstone Quick Facts
| GBPUSD Spread | 0.4 |
|---|---|
| EURUSD Spread | 0.1 |
| EURGBP Spread | 0.4 |
| Total Assets | 100+ |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
- Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
- Pepperstone has scooped multiple DayTrading.com annual awards over the years, most recently 'Best Overall Broker' in 2025 and 'Best Forex Broker' runner up in 2025.
Cons
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
- Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app.
Eightcap
"Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."
Eightcap Quick Facts
| GBPUSD Spread | 0.1 |
|---|---|
| EURUSD Spread | 0.0 |
| EURGBP Spread | 0.1 |
| Total Assets | 50+ |
| Leverage | 1:500 |
| Platforms | MT4, MT5, TradingView |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD |
Pros
- Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 100-million strong social trading network TradingView.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title for 2025 and 'Best TradingView Broker' for 2025.
Cons
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
- Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
How We Rate Forex Brokers In Ghana
To find the best forex brokers in Ghana, we identified all the platforms that accept Ghanian traders and then ranked them based on their overall rating, which focuses on key areas:
Trust
Ghana’s SEC has warned of fraudulent investment schemes promoted to the “unsuspecting general public through various media forms including electronic, outdoor and mass media advertising”, with some offering extremely unrealistic annual returns of up to 840%. This is why we prioritize trust.
After years of testing and using forex brokers that accept traders from Ghana, we’ve found that the most reliable brands have regulation from one or more ‘Green-Tier’ authority.
Since Ghana’s SEC is not a very active regulator and doesn’t license many forex brokers, we recommend platforms that are regulated by respected bodies like the FSCA in South Africa.
I’ve observed that even many trusted forex brokers onboard Ghanaian traders through offshore entities with fewer safeguards, including no access to compensation in the event of broker insolvency. Consequently, only risk what you can afford to lose.
- XM remains one of the most trusted forex trading platforms in Ghana, earning over 4/5 in our trust score and featuring regulation from respected bodies like the FSCA, ASIC and CySEC.
Forex Markets
Short-term traders in Ghana will benefit from access to a wide selection of currency pairs, providing exposure to fluctuations in African currencies and beyond.
That said, we’ve found trading the Ghanaian Cedis in currency pairs like the USD/GHS and EUR/GHS is not widely available.
After testing 223 forex trading platforms, we’ve set a benchmark of 50+ currency pairs as a standard for a good brokerage. Exceptional brokers will provide 80+ currency pairs, including all the majors plus a wide selection of minors and exotics.
- Pepperstone is a two-time winner of our ‘Best Forex Broker’ award, and continues to lead the pack with 100+ currency pairs, providing diverse opportunities for traders in Ghana.
Pricing
Low fees will give Ghanaian forex traders a better chance to make profits, especially active day traders, so we rate the competitiveness of spreads and/or commissions.
Crucially, we weigh all the fees, including non-trading costs like conversion charges for depositing in Ghanaian Cedis, with the overall forex trading environment, considering charting tools and features like regional news feeds and economic calendars with key dates from Ghana and its neighbours.
- AvaTrade maintains its position as a leading commission-free broker thanks to its tight forex spreads from 0.9 pips on majors like the EUR/USD and its wealth of resources like trading signals, news feeds and automated trading tools.
Forex Platform
A powerful, flexible platform with great charting tools is critical, especially for short-term traders, so it’s one of our priorities when reviewing forex brokers.
Our top-rated forex brokers in Ghana all offer at least one excellent platform based on our hands-on tests. This is often one or both of the classic MetaTrader 4 or MetaTrader 5 platforms, which are favored by many experienced forex traders for their algorithmic trading capabilities and charting power.
However, we increasingly look for newer options with more intuitive contemporary designs that appeal to the new generation of forex traders – whether that’s a popular third-party option like TradingView or a proprietary platform.
- CMTrading stands out as one of the best African-based forex brokers that provides MT4, as well as the user-friendly CMTrader which features 7 chart types, 9 timeframes, and 24 indicators.
Funding & Account Minimums
Being able to securely fund your account is essential for a smooth trading experience, so we rate Ghanaian forex brokers based on their payment options.
Our analysis of 223 trading platforms shows that very few offer accounts denominated in Ghanaian Cedis (GHS), however many support USD or ZAR with low or no conversion fees.
Digital payment methods are expected to increase by nearly 15% annually in Ghana, so we also favor forex brokers that support popular regional options like M-Pesa.
Our top list of forex trading platforms in Ghana also only includes platforms with accessible account minimums of <250 USD, around <3,200 GHS, so there’s a destination for forex traders of all budgets.
- XM remains our top pick for its excellent funding options, with an affordable 5 USD (around 65 GHS) deposit and diverse funding methods like M-Pesa, Apple Pay and bank cards.
FAQ
Is Forex Trading Legal In Ghana?
Forex trading is not banned in Ghana so traders can open an account with an online broker to speculate on the value of currencies.
Still, we recommend keeping abreast of any developments from the country’s Securities & Exchange Commission and Bank of Ghana.
It’s also important to understand the tax implications of forex trading from the Ghana Revenue Authority.
Who Regulates Forex Trading In Ghana?
The Ghanian Securities and Exchange Commission is the main financial regulator in the country, but it doesn’t play a particularly active role in overseeing forex brokers and only has a select list of platforms on its books.
As a result, many forex traders in Ghana choose to register with trusted brokers that are based and regulated elsewhere, for example South Africa with the FSCA.
How Much Money Do I Need To Start Trading Forex In Ghana?
The minimum amount you need to start trading forex depends on the broker you choose. Our findings show that most accept currency traders from Ghana with <250 USD, around <3,200 GHS.
That said, Pepperstone and XTB stand out with no minimum deposit, catering to budget traders.
Recommended Reading
Article Sources
- Ghana Securities and Exchange Commission (SEC)
- Ghana SEC List of Licensed Broker Dealers
- Ghana SEC Warning Against Trading Scams
- Ghana Revenue Authority
- Bank of Ghana
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