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TOP 5 Binary Options Brokers in Ghana
Finding the right binary options broker in Ghana is a very difficult task. In this country, binary options are completely legal, but not regulated in any way. This means that any broker in this country can provide their services regardless of whether they are licensed or not. This leads to a dangerous situation where it is very easy to choose a dishonest broker and get scammed. Therefore, we have decided to compile a list of recommended binary options brokers for Ghanaian residents.
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As you can see, there is a lot to choose from. Each broker has been thoroughly checked by us and you can be sure that you will not be scammed. In our opinion, in the vast majority of cases, IQ Option will be the best choice because it offers the highest returns in the industry and a great trading platform. However, if you care about functions such as copying trades, bonuses or cashbacks, choose Pocket Option. If your priority is mobile trading, choose Expert Option because it has the best app. And if you are a complete beginner and are looking for a broker with a low initial margin and lots of educational materials, consider Binarium
IQ Option
IQ Option is one of the most recognizable binary options brokers on the market. The broker was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to offer numerous indicators, professional analytical tools and an integrated economic calendar. Currently, over 100 million clients use the broker’s services. IQ Option is renowned for the highest returns in the industry and a high level of security. IQ Option is not only binary options but also CFDs on: Forex, Crypto, ETFs, stocks and digital options. IQ Option doesn’t offer bonuses, signals or copy traders. If you are looking for a trustworthy binary options broker with a modern platform and one of the highest returns in the industry, choose IQ Option.
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Ghanaian Traders: Accepted
If you open an account with this broker, you will receive a $10 000 demo account!
Pocket Option
Pocket Option is an advanced binary options broker that was established in 2017 and quickly gained popularity thanks to its trading platform, which is the only one in the industry that offers all-in-one. On the platform you will find trading signals, a trader copy function, bonuses, cashbacks, achievements and much more. The more you deposit, trade and withdraw, the more gems you get, which you can exchange in the “Market” tab for bonuses, risk free trades and cashbacks. Pocket Option is IFMRRC certified, which means that the deposit you paid is completely safe, and the quality of services is at the highest level. If you are looking for a great binary options broker that offers many features and great returns, choose Pocket Option. It is our number one platform in many countries around the world.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Ghanaian Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Expert Option
Expert Option is a modern binary options broker, which was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over time, the brokers focused on other target markets and Expert Option started developing their mobile app, which is currently considered the best for binary options trading. The browser version of the trading platform is also very good – you will find there many indicators, analytical tools and full integration with the economic calendar. There is also a “Social Trading” function that allows you to watch other traders trade. In the “Education” tab you will find many guides and some ready-made strategies. It is worth mentioning that Expert Option has several types of accounts depending on how much you deposit. Therefore, we suggest you deposit at least $ 100 to get started in order to receive higher returns. If you are looking for a modern binary options broker with high returns (slightly lower than IQ Option) and the best mobile app in the industry, choose Expert Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Ghanaian Traders: Accepted
Quotex
Quotex is the youngest broker on our list. The platform was created in 2020 as a competition for Pocket Option. On the platform you will find many analytical tools, a lot of indicators, educational materials. The flagship function of this broker are trading signals, which are effective at 87%. Quotex rewards clients for being active on the platform by awarding achievements and motivating them to break private records. Unfortunately, the big disadvantage of this broker is the lack of any regulation. I contacted the representatives of this company and they confirmed that they are working on obtaining a license. If you are looking for a binary options broker that offers a minimalist and modern platform with very good trading signals, and in addition you would like a broker with as little minimum deposit as possible, choose Quotex.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: 100%
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Ghanaian Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus!
Binarium
Binarium is the oldest broker on our list. The platform was established in 2012, but never gained such popularity as IQ Option, Expert Option or Pocket Option. For a long time, Binarium offered average investment conditions and an outdated trading platform. Recently, the broker has undergone a significant facelift and has caught up with the competition. In our opinion, it is the best binary options broker for beginner traders due to the minimum deposit from $ 5 and a large knowledge base that can be found in the “education” tab. There you will find many guides and a package of 20 ready-made strategies. There are many analytical tools and indicators on the platform and the returns are very good. When registering, you can choose 1 of the 15 default account currencies. If the currency is the same as your bank account, you will save on currency conversion fees during transfers. If you are looking for a binary options broker for beginners with a low minimum deposit and knowledge base, choose Binarium.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 100%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Ghanaian Traders: Accepted
Conclusion
As you can see, the choice is quite large. We have divided the brokers into categories so that you can choose the broker that best suits your needs. Each listed broker has a free demo account, which you can open by going to the broker’s website and clicking the “register” button, and then entering your email and password. In some cases, you will be able to choose your default account currency. The payment of the deposit and trading does not require any additional formalities. In fact, you can start trading in minutes! If you want to withdraw the money you earn, you will need to verify your account by confirming your identity and address. To confirm your identity, please send a photo of your ID card or passport. A photo of the electricity bill or bank statement is enough to confirm the address. Every broker in the world requires account verification to prevent money laundering.
Is binary options trading legal in Ghana?
Yes, binary options are perfectly legal in Ghana. There are no regulations in this country governing this financial instrument and this means that any broker in the world can offer their services in this country. This is dangerous as there are many rogue brokers on the market and it’s easy to get scammed. Therefore, we suggest you use our list of recommended brokers for Ghanaian clients.
How to choose binary options broker?
First of all, choose popular platforms that have been on the market for many years. Pay attention to whether the brokers are regulated and how many people use these brokers. Of course, the fact that the broker does not have a license does not mean that it is a fraud – in many countries around the world binary options brokers do not need to have a license to operate legally. However, if you choose your first platform, I suggest choosing a certified broker.