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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Uganda

The best Uganda online trading platforms
Best Uganda Online Trading Platforms 2021

This guide to the professional brokers in Uganda has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the most recent details about finding the top trading patforms in Uganda.

If you are a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll get adept skills at all the concepts of brokerage since you keep trading. For starters, you have to choose the ideal broker in Uganda who'll be clear with you constantly.

In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan is key to your success.

We currently have 16 Trading Patforms that we believe are the Professional Online Brokers in Uganda

Who’s The Professional Uganda Online Brokers?

This review has been provided to help you find an experienced Uganda broker. When searching for a great, reliable broker in Uganda it can be a little confusing.  Below we detail what your trading platform are in Uganda and what Uganda brokers can offer you.

Getting a free trial for a minimum of three weeks is one of the best ways to assess the capabilities and professionalism of any Uganda broker. Before making any final decisions, you want to be able test the broker's platform and software in real-time but with minimal risk. This will allow you to experiment with the software and see how comfortable you are with its tools. A top broker in Uganda should make it as simple as possible for you. They shouldn't have to do a lot research nor set up multiple accounts before they let you start investing.

We currently have 16 Brokers in our database that we believe are the Reputable Trading Patforms in Uganda

TwinelmfxDF MarketsBlitzbrokersEightcapVirtual Brokersfbs incInvestors Intelligencensfxscotia itradelandfxCredit Financier Investprofiforex corpEzinvestforextimetusarfx
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Rating2.63/54.85/55.33/54.36/53.55/55.51/55.00/56.28/54.15/55.80/55.85/55.51/55.05/56.08/56.20/56.25/5
Minimum Deposit$100$250$1$1$100$1000$250$1$250$250$250$500$250$500$250$250
Year Founded2008201620101982200920082018194720212012201318172018200820112017
HeadquartersUSAAnguillaUKHong KongAustraliaCanadaAustraliaLondonRussiaUKLebanonLebanonCyprusCyprusLebanonUnited States
Regulated ByUnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F271Financial Conduct Authority (FCA)Securities and Futures Commission (SFC)Australian Securities and Investment Commission (ASIC)The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F225Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F288Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F303Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F268Swiss Financial Market Supervisory Authority (FINMA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F297Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F230Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F332
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+14,000+10,000+30,000+10,000+200,000+142,500+
Risk WarningYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskMargin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.Your capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider.Your capital is at riskYour capital is at risk
Withdrawal FeesYesNoNoNoYesYesNoNoYesNoNoYesNoNoNoNo
Inactivity FeesYesNoNoNoYesNoNoYesNoNoNoYesNoYesNoNo
Deposit Fees1002501110010002501250250250500250500250250
CFD FeesNoNoNoNoNoNoNoYesNoNoNoYesNoNoYesYes
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalNoYesNoNoNoNoYesNoYesYesYesNoYesNoYesYes
Accepts SkrillNoYesNoNoNoNoYesNoYesYesYesNoYesYesYesYes
Accepts PayoneerYesYesYesYesYesYesYesYesYesYesYesYesYesNoYesYes
Accepts NetellerNoYesNoNoNoNoYesNoYesYesYesNoYesYesYesYes

Online Share Trading In Uganda

Trading stocks and shares in Uganda is highly controlled and considered very safe. However, conscious that any investment may go down as well as up, which means that your capital is in danger.

If you are just starting out using online trading then it's advised to get a demo account first with a controlled agent so that you can find out the systems without the danger of losing money.

Live Forex Trading In Uganda

Forex is the greatest liquid financial market in the world with a daily monetary market turnover of more than $5 trillion (BIS statistics April 2016).

Forex (Abbreviation of Foreign Exchange) is a money exchange between two different countries and the following management of the resulting position where one currency gains and the other loses.

It is easy to do Live Forex Trading in Uganda with experienced online brokers

Live CFD Trading In Uganda

CFD trading is the selling and buying of contracts for difference via an online trading partner in Uganda. When you trade CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Uganda

Spread Betting in Uganda is possible using trusted online brokers like XTM or IC Markets. It is a simple bet as to whether the price will go up or down.  Often, the Uganda online trading platforms will show the prices you have.

If you are looking at how to do spread betting in Uganda then it is suggested to start with a demo account with either XTM or Trading212 so that you can practice with virtual currency before risking your own capital.

Trading Forex in Uganda

Globally, Uganda is considered safe to do online trading and has access to other global financial centers. In Uganda, online trading platforms are highly regulated, experienced and customer centric. 

However, it is always important to be as informed as possible so below are some of the most important things any trader should know:

The financial markets in Uganda are professional and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Uganda.

The online trading apps used by brokers in Uganda are well tested and highly rated.

Whichever Online Trading Brokers in Uganda you decide to use, make sure they have all of the below:

  • User friendly platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Able to perform social trading
  • Fast online help or support

Challenges Of Using Online Trading Platforms in Uganda

The US Dollar is considered the base currency globally so even a tiny change in the US financial markets can affect the financial markets in Uganda. The EU is also a large economy and changes there may affect the economic markets in Uganda.

Like every country there are challenges in Uganda economic markets and overall the outlook is good. However, like in all global economic markets we recommend that any Online Trading Brokers in Uganda you decide to use, make sure you do your due diligence first before risking any real money. We have collected hundreds of datapoints and written this guide to help you find the Best Trading Platforms in Uganda.  We hope that by reading this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Uganda

Is Forex Trading Legal In Uganda?

There's a growing misconception that trading Forex in Uganda is considered unsafe. This is not the case, Forex Currency trading in Uganda is very active, regulated and safe.

Trading in Forex is allowed in Uganda as for any company to trade internationally, foreign currency must be exchanged. Whenever you buy something and it is sent from abroad, there will be multiple money exchanges by multiple businesses to get that thing to you.

The main thing is that if trading Forex in Uganda you select one of the top online brokers.

Do Forex Traders Pay Tax In Uganda?

Once a dealer is successful and their profits achieve a particular level then they may be taxed in Uganda according to the typical taxation rules.

Tax returns should always be registered even if there is a reduction. You should seek out advice with a documented accountant in Uganda to ensure you're abiding by all current regional laws since it's extremely dependent on your personal conditions.

Can You Trade Cryptocurrencies In Uganda?

Cryptocurrency markets in Uganda are rather new. As Cryptocurrencies work on decentralised resources in Uganda matters like interest rate changes and political instability don't affect them as much as the money markets.

Cryptocurrencies are more popular with the younger generations and with increasing income levels and technology adoption, trading cryptocurrency in Uganda is rising day by day. It's still modest in comparison to the Forex markets however about $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Uganda?

Commodity trading in Uganda includes trading in things like precious metals, energies and agricultural commodities.

Some commodities such as agricultural are seeing exponential growth inUganda.

Fast growing economies like India have a big demand for many fundamental raw materials because of their inhabitants. This means that countries like Uganda can take advantage of this situation.