4 Best Copy Trading Platforms in Ghana – Top Picks for 2024

Over the past few years, many Ghanaians have shown interest in trying their luck in the financial markets. Fortunately, several reliable brokerage firms already operate in Ghana, giving anyone access to various markets like crypto, Forex, stocks, and commodities. The best part is that most of these brokers offer copy trading as well.

Copy trading makes it possible for people who do not have the necessary trading skills to follow the strategies of experienced traders. This article discusses some of the leading copy trading platforms to use while in Ghana. Stay tuned.

RoboForex

RoboForex was launched over a decade ago. The broker has remained committed to its mission of providing clients with a world-class trading platform, evidenced by the regular addition of new helpful features. RoboForex’s efforts to revolutionize the online trading sector have been recognized on several occasions. The company was recently recognized as the Best Forex broker in Europe.

As of April 2024, RoboForex operates in nearly 90 countries, having secured licenses with multiple international regulators. One service that RoboForex customers use is copy trading. With as little as $20, you can begin your copy trading journey on RoboForex.

Pros and Cons of RoboForex

Pros

• Clients can withdraw profits made from copy trading almost instantly.
• RoboForex implements a low minimum deposit requirement.
• Its copy trading conditions are favorable.

Cons

• Owners of certain trading accounts get limited access to tradable instruments.

Exness

Although Exness is popular for supporting CFD trading, the broker also facilitates the trading of other asset classes like stocks, commodities, and cryptocurrencies. As of this writing, there are over 21,000 investors on Exness who replicate the trades of the 1,200+ strategy providers available on the platform.

Further, Exness is one of the few regulatory-compliant brokerage firms. It is regulated by eight trusted financial watchdogs. So, investors in Ghana are assured that the broker will not attempt to run away with their hard-earned money.

Pros and Cons of Exness

Pros

• Exness offers different types of accounts that suit the specific needs of each trader.
• Users access more than a hundred Forex pairs.
• Exness doesn’t charge deposit and withdrawal fees.

Cons

• Exness needs to provide its customer support in more languages.
• There are few educational materials on the copy trading platform.

eToro

One of the most trusted brokers worldwide is eToro. That’s because the company adheres to specific rules imposed in the countries it operates. eToro introduced the copy trading concept in early 2010 and has seen a significant rise in usage since then. As a verified eToro user in Ghana, you have the right to copy trades in all the supported markets.

Pros and Cons of eToro

Pros

• Users can copy trade ready-made diversified portfolios.
• eToro charges zero fees on certain stocks.
• The broker doesn’t charge deposit and withdrawal fees.
• There are several educational materials that help users navigate the eToro copy trading platform easily.

Cons

• eToro lacks a live chat feature that enables users to get assistance as quickly as possible.
• The minimum deposit requirement ($100) might be high for some copy traders in Ghana.

WForex

2024 marks the 13th year of WForex being in business. The brokerage is active in over 50 countries. Considering that its team is made up of experienced software developers, you can expect modern tools that give you a seamless copy trading experience on the platform. WForex allows access to different markets, thus enabling copy traders to spread their risks.

Pros and Cons of WForex

Pros

• WForex lets copy traders deposit as little as $5.
• Withdrawals are processed almost instantly. Furthermore, the broker supports multiple payment methods.
• WForex offers a free course for beginners.

Cons

• WForex customer support isn’t the best. Some customers complain that the broker takes hours to respond.
• WForex’s copy trading platform doesn’t come with a chatroom to allow traders and investors to communicate.

Conclusion

Copy trading has proven to be a profitable venture over the years. However, to become a profitable copy trader, you need to select the appropriate signal provider. Also, remember to adopt effective risk management measures.