In recent years, Ghana has witnessed a surge in interest in online trading. There are many individuals in the country seeking to capitalize on the global financial markets and earn profits. To fill this gap, many brokers have emerged in the country offering different kinds of trading platforms and tools. Among the various platforms available, TradingView stands out as a popular choice for traders. This is due to its comprehensive charting tools, social networking features, and user-friendly interface. However, to fully leverage TradingView’s capabilities, traders should pair it with reliable TradingView brokers that integrate seamlessly with the platform. In this article, we will look at some of the best TradingView brokers in Ghana and do a comparison to see what they have to offer to Ghanaian traders.
Understanding TradingView
Before diving into the comparison of brokers, it’s essential to understand the significance of TradingView in the trading community. TradingView is an advanced charting and social networking platform that offers a plethora of features for traders. These include advanced technical analysis tools, customisable charts, and the ability to share trading ideas with a global community. Its intuitive interface and extensive library of indicators make it a favourite among both novice and experienced traders alike. Moreover, with the right broker, this platform allows traders to place orders directly from the charts. With that said, let’s look at some of the best TradingView brokers in Ghana.
Pepperstone
Pepperstone is one of the brokers in Ghana that offers seamless integration with TradingView. TradingView is among the trading platforms that traders can use to place orders in the market. This platform allows traders to access impressive charting technology and the ability to connect with over 30 million traders on the TradingView social network. Either way, traders can easily perform technical analysis and place orders straight from their charts.
Notably, traders can use TradingView and other platforms to trade CFDs on forex, indices, shares, commodities, ETFs, and cryptocurrencies. In total, there are over 1,200 different market instruments allowing traders to diversify their portfolios.
On another good note, the spreads on Pepperstone are competitively low and affordable. On the broker’s standard account, the spreads start from as low as 1.0 pips for major currency pairs with no commission required. In contrast, the razor account features spreads as low as 0.0 pips plus a commission depending on the trading platform used. When using TradingView, Pepperstone Trading Platform, and the MetaTrader platforms, the commission sits at $3.5 per side per lot. On the other hand, cTrader charges a commission of $3 per side per lot on the razor account.
Further, Pepperstone operates under the supervision and examination of the CMA in Kenya, the FCA in the UK, the CySEC in Cyprus, and the ASIC in Australia, among others.
FP Markets
FP Markets allows Ghanaian traders to invest in more than 10,000 different market instruments. These include forex currency pairs alongside CFDs on indices, shares, metals commodities, cryptocurrencies, bonds, and ETFs. These market products are available to trade using a variety of trading platforms. These include MetaTrader 4, MetaTrader 5, cTrader, Iress, and the newly added, TradingView.
With TradingView, traders gain comprehensive real-time coverage for global markets while easily being able to switch between different financial instruments. Additionally, traders can employ multi-chart modes, apply various technical analysis tools, and conduct correlation analysis through TradingView’s overlay function.
The spreads on this broker site are fairly low starting from as low as 1.0 pips on the standard account for major currency pairs with no commission charged. On the other hand, they start from as low as 0.0 pips on the raw account with a commission of $3 per side per lot. On another good note, FP Markets has regulations from several organizations including the FCSA in South Africa, the CySEC in Cyprus, and the ASIC in Australia.
Forex.com
Forex.com is internationally recognized as one of the best TradingView brokers with a deep collection of market products. This broker site avails TradingView to Ghanaian traders alongside other trading platforms. TradingView allows traders to trade a variety of global markets including forex, stocks, indices, cryptocurrencies, commodities, and precious metals.
The spreads on this broker site are fairly low starting from 1.0 pips on the standard account with no commission. They are lower on the raw account from 0.0 pips plus a commission of $5 per $100k traded.
Further, Forex.com features regulations from various organizations including the CySEC in Cyprus, the ASIC in Australia, and the FCA in the UK, among others.
Factors to Consider When Selecting a TradingView Broker
Since we only mentioned a few brokers here, we are leaving a few tips to help you evaluate any other broker you may consider.
- Integration with TradingView: The seamless integration between the broker and TradingView is crucial for traders as it is what a trader is looking for.
- Trading Instruments: A diverse range of trading instruments allows traders to explore multiple markets and diversify their portfolios on the same account.
- Regulations and Security: Traders must prioritize brokers regulated by reputable authorities to ensure the safety of their funds and compliance with industry standards.
- Trading Costs: Factors such as spreads, commissions, and overnight fees impact a trader’s profitability and should be carefully evaluated.
Conclusion
While trading, choosing the right broker is paramount to success. To select the best TradingView broker to use there are various factors to consider. These include factors such as integration with TradingView, trading instruments, regulations and security, and trading costs. In this piece, we featured three brokers that integrate with TradingView allowing traders to trade straight from the charts. Nonetheless, this is just our opinion and there are others that were not featured here. Ultimately, traders must conduct thorough research and due diligence to select a broker that aligns with their trading goals and preferences.