With forex trading gaining more and more popularity in Ghana, quality forex trading platforms are rising in demand. Beyond selecting the right broker to trade with, the trading platform is also important to consider. By looking through the list of a-book brokers and comparing them to the list of b-book brokers, traders can pick a broker that best suits their needs.
Since mobile phones are now widely used in trading, brokers that provide forex trading apps are necessary in this market. However, not all of the trading apps in the market provide quality services to traders. In this article, we will look at some of the best forex trading apps in Ghana and compare them to see which ones stand out. Let’s jump in.
FP Markets
FP Markets is a popular forex and CFDs provider that was founded in 2005. This a-book broker provides traders with a mobile trading app that is available on both Google Play and the App Store. This ensures that the broker caters to both Android and iOS users. The Android version combines the best of MT4 and MT5 into one platform. On the other hand, the iOS version is the company’s twist on the famous cTrader. These mobile apps offer fast execution and a variety of tools to support investors as they trade.
Notably, the company operates under the supervision and regulation of the FSCA in South Africa, the ASIC in Australia, and the CySEC (based in Cyprus) in Europe. Further, the broker gives traders access to a plethora of global market products. These include forex currency pairs alongside CFDs on shares, metals, commodities, indices, cryptocurrencies, bonds, and ETFs. The minimum deposit to start trading with this broker is AUD 100 or equivalent in local currency. Spreads can go as low as 0.0 pips depending on the account a client is on.
Exness
Exness is another quality broker that provides traders with a mobile trading app for both Android and iOS users. The Exness Trade App provides traders with a state-of-the-art trading terminal powered by MetaTrader. Additionally, there are a variety of tools available to traders on this app. These include an asset watchlist, advanced charting tools, price alerts, and notifications. Plus, the company promises clients ultra-fast execution when using this app.
With the Exnes Trade app, clients can trade a plethora of market products including currencies, stocks, gold, oil, indices, and more. The minimum deposit accepted by this broker is a mere $10 which is affordable for most traders. There are five different accounts clients can choose from on this broker site, allowing traders to pick the account that best suits their needs. On regulations, this broker operates under the regulation of the FCA in the UK, the FSCA in South Africa, the CMA in Kenya, and the FSA in Seychelles, among others. Such regulations are what make Exness one of the best B-book brokers in the world.
Pepperstone
Pepperstone’s cTrader app delivers clients a Direct Processing and a No Dealing Desk mobile platform. This a-book order execution on a mobile app is attractive to most traders. Notably, the Pepperstone app comes with sophisticated technical analysis tools including 65 popular technical indicators. On top of that, this platform features price alerts, trade statistics, session management, and a symbol watchlist. Clients can also get insight into how other people are trading using the sentiment indicator tool on the Pepperstone cTrader app.
As an ECN broker, this broker allows traders to trade over 1,200 different assets. Specifically, clients of this broker can trade CFDs on forex, indices, commodities, ETFs, shares, and currency indices. The spreads depend on which of the two trading accounts traders choose to use. They can go as low as 0.0 pips plus a commission on the razor account. Finally, Pepperstone is regulated by the CMA in Kenya, the FCA in the UK, and the DFSA in the DIFC, among others.
XM
XM has one of the largest customer bases from over 196 different countries, including Ghana. This company is under the regulation of several organizations including the FCA in the UK, the CySEC in Europe, the ASIC in Australia, and the FSC in Belize. It provides traders with the XM Trading App with an MT5 environment with b-book execution. The app is available for both Android and iOS users and comes with a plethora of trading tools. These include up-to-minute charts, instant order execution, no requotes, and over 90 different indicators.
Notably, this broker avails over 1,000 CFDs on forex, stocks, indices, shares, energies, cryptocurrencies, and precious metals. The minimum deposit required by the broker is $5 which is fairly low. Spreads can go as low as 0.6 pips on the standard account.
AvaTrade
The AvaTradeGO mobile app is the in-house-built application provided by AvaTrade and comes with various trading tools. This trading app offers clients a full MetaTrader trading suite for both MT4 and MT5. Like many other apps, it comes with technical indicators and advanced charts. On top of that, clients can protect their trades up to one million dollars with AvaProtect.
Investors can trade assets from a variety of global markets with b book order execution. These include forex, stocks, indices, cryptocurrencies, ETFs, forex options, metals, energies, commodities, and bonds and treasuries. The spreads for trading on the AvaTrade app are fairly low, falling as low as 0.9 pips for major currency pairs. Further, AvaTrade is a regulated broker under the supervision of the Central Bank of Ireland, the FSCA, and the CySEC, among others.
Closing Remarks
While the popularity of forex trading continues to surge, it is important for traders to use forex trading apps that align with their trading needs. The best forex trading apps will allow traders to invest in a variety of markets with fast execution. On top of that, they will provide traders with a variety of trading tools to make their trading easier. In this article, we mentioned a few trading apps with quality services to traders. However, there are many more trading apps that did not featured here. As such, it is upon each individual trader to do their research and pick a forex trading app that best suits their needs.
