6 Best Forex Brokers in Uganda
The 6 Best Forex Brokers in Uganda – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Uganda.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Uganda – a List
- Is Forex Trading Legal in Uganda?
- Who are the Most Successful Trader(s) in Uganda?
- Is Forex Trading Profitable in Uganda?
- Is Exness Regulated in Uganda?
- Is XM allowed in Uganda?
- Forex Brokers in Uganda that accept Mobile Money
- The Best Forex Trading App in Uganda
and much, MUCH more!
6 Best Forex Brokers in Uganda – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💷 Min. Deposit (UGX) |
| 🥇 Exness | 👉 Click Here | ✅Yes | 37549,09 |
| 🥈 XM | 👉 Click Here | ✅Yes | 18774,55 |
| 🥉 HF Markets | 👉 Click Here | ✅Yes | None |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | 503161,56 |
| 🎖️ FxPro | 👉 Click Here | ✅Yes | 375490,90 |
| 🥇 Trade Nation | 👉 Click Here | ✅Yes | None |
6 Best Forex Brokers in Uganda (2024)
- ☑️ Exness – Overall, the Best Forex Broker in Uganda
- ☑️ XM – Low Minimum Deposit Forex Broker
- ☑️ HF Markets – High Ugandan Trust Score
- ☑️ Pepperstone – Best Mobile Trading Experience
- ☑️ FxPro – Best Online Trading Experience
- ☑️ Trade Nation – No Minimum Deposit Required
Exness
Exness is a trusted and reliable Forex and CFD Broker with a diverse portfolio of financial assets. Regulations by acclaimed and trusted agencies include the FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, and, the CMA.
Accounts available include Standard, Standard Cent, Raw Spread, Zero, and, Pro Accounts. Moreover, a Demo Account is available. Notable Factors and Features include:
- 24/7 Customer Support
- Spreads from 0.0 Pips
- Unlimited Leverage
- Access to over 100 Currency Pairs
- 10 USD Minimum Deposit
Trading instruments and Products include Forex, Commodities, Stocks, Indices, and, Cryptocurrencies. In addition, Exness supports MetaTrader 4, MetaTrader 5, and, Exness Terminal. In addition, an Exness Mobile App is available.
| 🔎 Broker | 🥇 Exness |
| 💴 Minimum Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country Restrictions |
Our Insights
The Benefits of trading with Exness include access to well-regulated and comprehensive fund protection.
XM
XM is a highly regulated Forex Service Provider with access to over 1000 financial instruments. License and Regulations include FSCA, IFSC, ASIC, CySEC, DFSA, and, the FCA. Accounts available include Micro, Standard, Ultra-Low, and Shares Accounts. Moreover, a Demo Account is available.
In addition, notable Factors and Features include multiple Base currencies, a Leverage of up to 1:1000, and, access to over 50 Currency Pairs.
- Bonus Offers, Promotions, and Competitions
- Spreads from 0.6 Pips
- Low 5 USD Minimum Deposit
Trading instruments and Products include forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks. Furthermore, XM supports MT4 and MT5. Moreover, a Proprietary Mobile App is available.
| 🔎 Broker | 🥇 XM |
| 💴 Minimum Deposit | $5 USD |
| 🎁 Bonus Offers | ✅Yes |
| 📈 Account Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
Our Insights
The benefits of trading with XM include access to Ultra-Low and Micro Accounts. Moreover, Beginners will benefit from a low 5 USD Minimum deposit.
HF Markets
HFM is a trustworthy and highly regulated Forex and CFD Broker with an International appeal. Regulations by acclaimed and trusted agencies include the FSCA, CySEC, DFSA, FSA, FCA, FSC, and, the CMA. Live accounts offered include Cent, Zero, and, Pro. Moreover, a Demo Account is available. Notable Factors and Features include:
- Bonus Offers and Promotions on Occasion
- 24/5 Customer Support
- Multiple Base Currencies, including USD, EUR, and, NGN
- Spreads from 0.0 Pips
- Leverage of up to 1:2000
- Access to over 50 Currency Pairs
Trading Instruments include Forex, Precious Metals, Energies, Indices, Shares, Commodities, Crypto CFDs, Bonds, and, ETFs. HF Markets support MT4 and MT5. In addition, a Proprietary Mobile App is available.
| 🔎 Broker | 🥇 HFM |
| 💴 Minimum Deposit | $0 |
| 📌 Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Top-tier Regulation | Regional constraints |
| Segregated Accounts for Client Funds | Inactivity fees |
Our Insights
The benefits of trading with HF Markets include fund safety via segregated accounts and powerful encryption technology.
Pepperstone
Pepperstone is a globally regulated Forex and CFD Brokerage with an easy account setup. Regulations by acclaimed and trusted agencies include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Live Accounts available include Stnadrd and Razor Accounts. Moreover, a Demo Account is available. Notable Factors and Features include:
- USD and GBP Base Currencies
- Spreads from 0.0 Pips
- Leverage of up to 1:200 on the Retail Account
- Access to Over 70 Currency Pairs
Trading Instruments include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs. Pepperstone supports TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include Multilingual and Responsive Customer Support.
FxPro
FxPro is a Forex and CFD broker that serves both Beginners and Established Traders. License and Regulations include FCA, CySEC, SCB, FSCA, and, the FSC. Accounts available include Standard, Pro, Raw+, and, ECN. Moreover, Islamic, Swap-Free, and Demo Accounts are available. In addition, notable Factors and Features include:
- 8 Base Currencies, including ZAR, JPY, and, AUD
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- Access to over 70 Currency Pairs
- 100 USD Minimum Deposit
Trading instruments and Products include Forex, futures, indices, shares, metals, energies, and, crypto CFDs. FxPro supports MetaTrader 4, MetaTrader 5, and, cTrader. Moreover, Proprietary Online and Mobile Platforms are available.
| 🔎 Broker | 🥇 FxPro |
| 📌 Year Founded | 2006 |
| 📍 Amount of staff | 500+ |
| ⭐ Publicly Traded | None |
| 🛡️ Regulation | FCA, CySEC, ASIC |
| 🌎 Country of regulation | UK, Cyprus, Australia |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative balance protection | ✅Yes |
| 📈 Investor Protection Schemes | FSC, FSCS, and others |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 📉 Minor account currencies | Multiple |
| 📊 Minimum Deposit | 100 USD |
| ⏰ Avg. deposit processing time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal processing time | 1-5 business days |
| 💴 Fund Withdrawal Fee | None |
| 💶 Spreads from | 0.0 pips |
| 💵 Commissions | Variable |
| 💷 Number of base currencies | 6 |
| 💳 Swap Fees | Variable |
| ⏹️ Leverage | Up to 1:500 |
| ⏺️ Margin requirements | Variable |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📊 CFDs Total Offered | 2000+ |
| 💹 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 💱 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, Credit/Debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, Credit/Debit cards, e-wallets |
| ➡️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| ↪️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Economic calendar, trading signals, charting tools |
| 🥰 Customer Support | Responsive |
| 🗯️ Live chat availability | ✅Yes |
| 💌 Support Email | [email protected] |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Twitter, Facebook, LinkedIn, |
| 📍 Languages | English, Spanish, German, French, Italian, Arabic, Chinese, Japanese |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Tutorials, articles, videos |
| 📒 Affiliate program | ✅Yes |
| 📑 IB Program | ✅Yes |
| 🗃️ Sponsor notable events/teams | ✅Yes |
| 🗄️ Rebate program | ✅Yes |
| 📌 Account Types | Standard, Raw+, Elite |
| 🅰️ Cent Accounts | None |
| 🅱️ Micro Accounts | None |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🌟 Suited to Active Traders | ✅Yes |
| *️⃣ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| MetaTrader 4 and 5 | Basic FXPro App |
| cTrader accounts | Commissions on cTrader accounts |
| Wide Range of Trading Instruments | Withdrawal Processing Times |
| Diverse Educational Resources | Limited Advanced Content |
| Multiple Platform Options | Spread Variability |
| Flexible Leverage | Potential for Higher Risk with Leverage |
| No Deposit or Withdrawal Fees | Complexity for New Traders |
Our Insights
Broker Highlights include a wide choice of financial products, including Forex pairs, futures, and, indices.
Trade Nation
Trade Nation is a leading Forex and CFD brokerage firm with a user-friendly platform and strict regulatory compliance. License and Regulations include the FCA, ASIC, FSCA, SCB, and, the FSA. Accounts available include a Live Retail and Demo Account option. In addition, notable Factors and Features include:
- 24/5 Customer Support
- Spreads from 0.3 Pips
- Leverage of up to 1:30 – 1:200
- Access to over 30 Currency Pairs
- Access to an Affiliate Program
- Scalping and Hedging are Provided
Trading instruments and Products include Forex, Indices, and, Commodities. Trade Nation supports MT4 and a Proprietary Platform.
| 🔍 Broker | 🥇Trade Nation |
| 💵 Minimum Deposit | 0 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| A good range of Forex pairings, indices, and commodities | Access to MT4 comes at a high cost |
| Provides Stop-Loss Orders | Direct asset ownership is not provided |
| Excellent Customer Support | The platform lacks advanced charting capabilities |
Our Insights
Broker Highlights include impressive education and responsive customer support.
Is Forex Trading legal in Uganda?
Forex Trading in Uganda is legal and available without restriction. Moreover, it is regulated by The Capital Markets Authority (CMA).
In Conclusion
The popularity of Forex Trading in Uganda has seen a notable rise amongst young professionals. In addition, it is regulated by the Capital Markets Authority (CMA). In addition, several International Forex Brokers accept Local Traders.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
While reviewing the Best Forex Brokers that accept Ugandan Traders, we found 6 excellent options. Moreover, each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
Forex Trading in Uganda is legal and available without restriction.
The Capital Markets Authority (CMA).
The Ugandan Shilling.
The Most successful and richest Forex Trader in Uganda is David Birungi.
Forex has become lucrative in Uganda.
Exness is a licensed and regulated forex broker in Uganda.
XM is an Internationally Regulated Forex Broker that accepts Ugandan Traders.
Exness supports Mobile Money in Uganda.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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