Forex trading in Ghana is one of the most lucrative trading business markets. There are many reasons behind it. Though Ghana is not still listed as a developed country, it became a game-changer when it started selling natural resources in commercial quantities in 2011. This country is one of the most natural resourceful countries in the African continent. They have gold mines, crude oil, and gas, and many other natural resources. With their help, this country is going to shine in the near future.
With this kind of prosperity, Ghana offers the most suitable place for traders in Africa. Especially for Forex trading, it can be a golden gem. Because they have the most flexible laws for trading business. Though they are still in progress, and as a third-world country, there are many obstacles. But if you can find the right path to go into, then you can get more than your investment.
In this context, we are going to talk about what Forex trading is and the top 10 best Forex brokers in Ghana for online trading in 2021.
What is Forex trading?
Forex is the abbreviation for “foreign exchange.” It is the system of buying one currency and selling another at the same time in order to take advantage of changes in their relative values. Basically, you are going to buy and sell different currencies in this trading system. This trading market is a non-stop trading market. Because they have trading centers in different time zones. Therefore, this is a 24/7 open trading where anyone can invest. This market is beneficial because there is an option for easy leverage. Besides, the market is flexible, and it has high liquidity. For these reasons, many investors are now attracted to invest in this market.
10 Best Forex Brokers in Ghana for Online Trading (2021)
Though there are many Forex brokers in Ghana for online trading. But we have made the list of bests so that you can easily pick one. Here are the top 10 best Forex brokers in Ghana:
XM is one of the largest online investment companies in the world. They have been in the business since 2009. Till now, they have worked with 5 million clients from all around the globe. They have 450 professionals with experience who can serve the clients in the best possible ways to win in Forex Trading.
2. IQ Option
IQ Option is another most trusted platform for Forex trading. They started their journey in 2013. Now they have 48 million registered customers on their platform. As per experts’ recommendations, it is the best platform for beginner traders.
3. Hot Forex
HotForex is a global leading Forex broker with award-winning trading services. They provide clients with the best possible trading conditions, which has positioned them as the broker of choice for traders worldwide. In 10 years of experience, they have served around two million clients.
4. Interactive Brokers
Interactive Brokers Group, Inc. is a leading online brokerage company on the globe that has been in the market since 1978. It is a US-based brokerage company. It can be a good choice for many Forex trading starters with a long history of record and low trading fees.
Exness is another popular online Forex broker in Africa. They were established in 2008, and since then, they have served one hundred and forty-five thousand active traders. Their online trading platform is still in the development process and one of the most potential platforms in Ghana.
XTB is a European trading company that has access to run business in Ghana. It is one of the largest Forex broker companies in the world. It can be a good choice for those investors who want to minimize their costs.
7. IC Markets Broker
IC Markets Broker is one of the leading brokerage houses in Ghana. They have been in the market since 2007. They have access to many online Forex trading platforms. They are one of the most trusted brokers for Forex trading.
Etoro was founded in 2007, and they are another successful brokerage house for Forex trading. It is one of the top choices of many traders because of the user-friendly web platform. The minimum amount of deposit in Etoro is $200.
Whenever you talk about trusted Forex brokers, Alpari comes on the top list. Because they have been in business since 1998. They have around one million clients from different countries and access to many Forex trading platforms.
Last but not least, we have FXTM on the list. It is a reliable and legit Forex broker. It is one of the fastest-growing Forex brokers that has numerous features, for starters. It has an active community of seven hundred and fifty thousand traders. They have won the best trading experience Forex award in 2020.
The Forex market is a global financial market that deals in the trading of currencies. It’s unlike other markets due to its 24-hour nature and different time zones, which can make it suitable for traders. We have made the ten best Forex brokers in Ghana for online trading in the 2021 list so that you can select the suitable one for you quickly.