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6 Best Forex Brokers in Uganda

Last Update: June 26th, 2024

Forex Brokers 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

 

6 Best Forex Brokers in Uganda – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💷 Min. Deposit (UGX)
🥇 Exness👉 Click Here✅Yes37549,09
🥈 XM👉 Click Here✅Yes18774,55
🥉 HF Markets👉 Click Here✅YesNone
🏅 Pepperstone👉 Click Here✅Yes503161,56
🎖️ FxPro👉 Click Here✅Yes375490,90
🥇 Trade Nation👉 Click Here✅YesNone

 

6 Best Forex Brokers in Uganda (2024)

 

  1. ☑️ Exness – Overall, the Best Forex Broker in Uganda
  2. ☑️ XM – Low Minimum Deposit Forex Broker
  3. ☑️ HF Markets – High Ugandan Trust Score
  4. ☑️ Pepperstone – Best Mobile Trading Experience
  5. ☑️ FxPro – Best Online Trading Experience
  6. ☑️ Trade Nation – No Minimum Deposit Required

 

Exness Review

 

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:

 

 

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 Deposit10 USD
📈 SpreadsFrom 0.0 pips EUR
📉 LeverageUnlimited
🪙 Currency Pairs100+
🤝 Affiliate Program✅Yes
🚀 Open an Account
👉 Click Here

 

Exness

 

Pros and Cons

 

✅ Pros❌ Cons
Flexible trading accountsDemo account is only valid for 21 days
Well-regulated + Comprehensive fund protectionLimited product portfolio
Powerful trading platformsCountry Restrictions

 

Our Insights

The Benefits of trading with Exness include access to well-regulated and comprehensive fund protection.

 

XM Review

 

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 TypesMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
⏰ Support Hours24/7
🆓 Demo Account✅Yes
🚀 Open an Account
👉 Click Here

 

XM Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Low Minimum depositNo social trading features available
Unlimited Demo AccountInactivity 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.

 

HFM Review

 

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 LicensesFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
⚙️ Trading PlatformsMT4, MT5, HFM Trading App
🚀 Open an Account
👉 Click Here

 

HFM

 

Pros and Cons

 

✅ Pros❌ Cons
Top-tier RegulationRegional constraints
Segregated Accounts for Client FundsInactivity fees

 

Our Insights

The benefits of trading with HF Markets include fund safety via segregated accounts and powerful encryption technology.

 

Pepperstone

 

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 DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include Multilingual and Responsive Customer Support.

 

FXPro Review

 

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
💴 Minimum Deposit100 USD
💵 Inactivity FeeNone
💶 Fees and CommissionsSpreads from 0.0 pips, commissions from $7 per round turn on Forex
🤝 Affiliate Program✅Yes
🌎 Banned CountriesThe United States, Canada, Iran
📈 Scalping✅Yes
📉 Hedging✅Yes
5️⃣ Ease of Use Rating4/5
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

FxPro

 

Pros and Cons

 

✅Pros❌Cons
MetaTrader 4 and 5 Basic FXPro App
cTrader accountsCommissions on cTrader accounts

 

Our Insights

Broker Highlights include a wide choice of financial products, including Forex pairs, futures, and, indices.

 

Trade Nation Review

 

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 Deposit0 USD
4️⃣ Ease of use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

Trade Nation Overview

 

Pros and Cons

 

✅Pros❌Cons
A good range of Forex pairings, indices, and commoditiesAccess to MT4 comes at a high cost
Provides Stop-Loss OrdersDirect asset ownership is not provided
Excellent Customer SupportThe platform lacks advanced charting capabilities

 

Our Insights

Broker Highlights include impressive education and responsive customer support.

 

Forex in Uganda

 

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).

 

Is Forex Trading legal in Uganda?

 

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.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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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FAQs

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.

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