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Articles / Best Stock Trading Apps in Ghana (2023)

Best Stock Trading Apps in Ghana (2023)

Pedro Braz| Updated May 29th, 2023

Thanks to the numerous online trading apps available today, investing in the stock market has never been easier. Among all options available, you will need to make a choice, and finding the best stock trading app in Ghana can be difficult.

There is an overwhelming amount of options to choose from, and if you do not do research, you can end up in a platform that could be difficult to use, expensive, unsafe, or simply limited, considering your investment profile and experience.

Fortunately, we successfully analyzed many trading apps before and conducted multiple trading app reviews so that we can clarify some of your doubts and help you make an informed decision! In this article, we listed Ghana’s best stock trading apps, comparing their specificities and highlighting their strengths.

Best stock trading apps in Ghana

Interactive Brokers | Best overall

Online broker with a sophisticated trading platform that offers a wide range of products. The company, founded in the US, provides the app IBKR GlobalTrader, which is ideal for beginners.

XTB | Best for forex 

Headquartered in Poland and listed on the Warsaw Stock Exchange, XTB offers access to a range of CFDs on stocks on its trading app, where you can also trade Forex at a competitive price.

Best stock trading apps in Ghana compared

Broker Fees on stocks Minimum deposit Trading apps Stocks available for trading
Interactive Brokers Between $0.0005 and $0.0035 per US share. Between 0.01% and 0.08% for other markets. $0 IBKR GlobalTrader, impact and IBKR Mobile
XTB $0 on the CFDs on stocks (0.30% markup included on the spread) $0 xStation 5 X
(Only CFDs on stocks)

#1 Interactive Brokers (IBKR GlobalTrader)

Best Stock Trading Apps in Ghana (2023) 1
Visit Interactive BrokersBest Stock Trading Apps in Ghana (2023) 2

Interactive Brokers at a glance

Products availableStocks, futures, options, Forex, commodities, bonds, mutual funds, ETFs and CFDs
Minimum Deposit$0 ($2,000 for margin accounts)
Deposit MethodsWire bank transfer
Commissions on stocksBetween $0.0005 and $0.0035 per US share (maximum 1% of the trade) Between 0.01% and 0.08% for other markets.

Interactive Brokers has proven to be one of the most reliable brokers in the market. The company was founded over 40 years ago and survived many financial crises, making it a well-established and trustworthy broker regulated by many top-tier regulators.

They offer some of the best stock trading apps in Ghana, where you can trade stocks using sophisticated and powerful tools and find a wide range of products available for trading with low prices, including forex instruments. The broker offers different mobile apps and web-based platforms that should be used according to your knowledge and experience. The mobile app IBKR GlobalTrader is a user-friendly app suitable for beginners because it simplifies investments without losing the powerful tools for which the broker is famous.

If you want to make the most out of the powerful tools the broker provides, you can use the IBKR Mobile, a complete and sophisticated trading app to trade stocks, ETFs, and options. As the features of this app can be overwhelming for beginners, we would recommend the IBKR GlobalTrader if you do not have a lot of experience. 

In addition to the mobile apps, you will also find a desktop app and web-based apps where you have sophisticated trading tools to access the global financial markets. Overall, we believe that Interactive Brokers offers the best stock trading apps in Ghana, and you can find what you are looking for, irrespective of your needs! 

Please check our Interactive Brokers review to find out more about the broker.

 Interactive Brokers Mobile App

#2 XTB

Best Stock Trading Apps in Ghana (2023) 4
Visit XTBBest Stock Trading Apps in Ghana (2023) 2

79% of retail CFD account lose money.

XTB at a glance

Products availableCFDs on commodities, Cryptocurrencies, Stocks, ETFs, Forex, and Indices
Minimum Deposit$0
Deposit MethodsCredit/Debit card, Wire transfer, Skrill, Neteller
Commissions on stocksCommission-free trading for CFD on stocks using the Standard Account (markup of 0,30% included in the spread).

XTB is a Polish company founded in 2002 that provides one of the best CFD stock trading apps in Ghana. The company is licensed in many jurisdictions and regulated by top-tier authorities such as the FCA, which provides for safety and reliability in the market. From Ghana, you will be onboarded by XTB International Limited, authorized and regulated by the Financial Services Commission in Belize (FSC License No.: 000302/316).

The award-winning trading app XStation, available for mobiles and desktops, enables you to trade a wide range of instruments, gives you access to several technical analysis tools, allows you to copy the trades of other investors, and provides you with comprehensive educational resources, a decent range of CFDs for trading and negative balance protection. However, we note that you will only be able to buy CFDs on stocks, and you will not have direct exposure to stocks, only indirect exposure through this complex and risky instrument, which most investors lose money when trading.

In any case, with a safe platform, no commission on the CFDs on stocks, no minimum deposit, great educational resources, and a free demo account that can be used for a month, XTB is a good and reliable option for beginners and advanced investors, provided that you understand the risk of investing in CFDs, putting the platform on our list of the best stock trading apps in Ghana. 

If you still have any doubts about the broker, do not forget to check out our XTB review!

 XTB Mobile App

Methodology

When making this list, we wanted to help investors in Ghana to make an educated choice when choosing the best stock trading app. Each of the trading apps we presented has its main features, and we tried to provide a diverse list that will suit the needs of different profiles of investors. In any case, we prepared this list considering the following criteria:

  • Prices: the price cannot be the only aspect to be considered when choosing the trading app to invest in, but it is definitely important. You do not want to pay more for a service when you can get the same quality for cheaper prices;
  • Educational resources: high-quality educational resources may be a great advantage, especially for beginners, who can use them to educate themselves before investing money;
  • Range of products and markets available: Does the app offer real stocks and ETFs or only CFDs? Does it have crypto? 
  • Customer service: irrespective of your choice, problems almost always appear, and it is important to find trading apps developed to help you when it does happen;
  • The trading app itself: we took into consideration the functionalities and usability of the platform, as well as its specific features;
  • Security: all platforms in the list are regulated by top-tier authorities.

The bottom line

To summarize, here’s the list of “Best stock trading apps in Ghana”:

Best stock trading apps in Ghana

#1 Interactive Brokers Best Overall
#2 XTB Best for forex

It is hard to choose the right stock trading app in Ghana. Luckily, we helped many people in the same situation before, and we can help you now. To facilitate your choice, we listed a few of the best stock trading apps in Ghana, in our opinion, comparing what they can offer and highlighting their strengths. 

We know that trading stocks is a good way to achieve financial freedom, but, like everything in life, risks are involved. We hope that our analysis was enough to help you make an educated decision that acknowledges those risks, whether you are experienced or a novice in the world of trading. 

In any case, keep on studying, do due diligence, know your investment profile, and invest wisely! Please let us know if the article was helpful and if you have any other doubts or feedback!

Other FAQs

What is the difference between a stock and stock CFD?

While the stock gives you a property right over a share of the company, the CFD does not. The stock CFD is a derivative contract where the underlying asset is the stock and where the broker promises to pay you back the difference in value between the time you opened the position and the time you close it. CFDs have a leverage effect: if you buy a stock CFD and its price goes down, you will need to borrow money from the broker to keep the position open. This makes the instrument a risky option that is not suitable for beginners.

Pedro Braz
Co-Founder & Growth Manager

Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.

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