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

Best Uganda trading platforms
Best Uganda Online Brokers 2021

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

This guide contains the latest information about finding the most professional online broker in Uganda.

If you are a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will acquire proficient skills at all the concepts of broker since you keep trading. For starters, you have to choose the perfect agent in Uganda who will be transparent with you constantly.

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

We currently have 20 Online Brokers in our database that we think are the Professional Brokers in Uganda

Finding The Best Uganda Trading Patforms?

This guide has been provided to help you find an experienced Uganda broker. When looking for an experienced, professional broker in Uganda it can be very confusing.  Below we detail what your broker options are in Uganda and what Uganda online trading platforms can provide you.

We currently have 20 Trading Patforms from our research that we think are the Professional Trading Patforms in Uganda

AJ BellAdvanced Global MarketsBinanceBDSwissBurrell StockbrokingValutradesCoinbaseFXNetCapital SV InvestmentsEllevestBNP ParibasHantec MarketsBoston Merchant FinancialExanteCommonwealth SecuritiesDegiroXTBFP MarketsZacks TradeDaw Trading
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Minimum Deposit$100$500$100$500$100$0$100$50$200$1$100$1000$50$500$5000$0$0$100$2500$100
Year Founded19971992201119941968200819892012192220082004199019882008199919342002200520081988
HeadquartersUKCyprusAustraliaMauritiusAustraliaUKUnited StatesCyprusCyprusUSAUKUK, Hong KongDubaiMaltaAustraliaNetherlandsPolandAustraliaUnited StatesUSA
Regulated ByCentral Bank of UAECyprus Securities and Exchange Commission (CySEC)UnregulatedUnregulatedMalta Financial Services Authority (MFSA)UnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)UnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA)Australian Securities and Investment Commission (ASIC)Malta Financial Services Authority (MFSA)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru FinansowegoAustralian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)UnregulatedFinancial Conduct Authority (FCA)
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at risk79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Losses can exceed depositsYour capital is at riskYour capital is at risk
Withdrawal Feesvariable$31$25 $35variable$150variableYes$200variablevariableNoNo$32.99variablevariablevariableNovariablevariable
Inactivity FeesNoYesNoNoNoNo
Deposit Fees10050010050010001005020011001000505005000001002500100
CFD FeesYesNoNoYesYes
Accepts Credit CardsYes
Accepts PayPalYes
Accepts SkrillYes
Accepts PayoneerYes
Accepts NetellerYes

Online Share Trading In Uganda

Trading stocks and shares in Uganda is highly controlled and considered very secure. However, be aware that any investment can go down as well as up, so your capital is at risk.

If you are just starting out using online trading then it is advised to get a demo account first with a controlled broker so you can learn the strategies without the risk of losing cash.

Live Forex Trading In Uganda

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

Forex (short for Foreign Exchange) is a money exchange between two distinct countries and the next management of the resulting position in which one currency gains and the other loses.

It's simple to do Live Forex Trading in Uganda with professional online agents

Live CFD Trading In Uganda

CFD trading is the buying and selling of contracts for difference via an online agent in Uganda. When trading 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 plus500 or Trading212. It is a simple bet as to whether the price will go up or down.  Often, the Uganda brokers will show the prices you have.

If you are looking at how to do spread betting in Uganda then it is advisable to start with a demo account with either plus500 or IC Markets so that you can practice with monopoly money before risking your own capital.

Trading Forex in Uganda

Internationally, 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 here we detail some of the most important things a trader should know:

The financial industry in Uganda are mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Uganda.

The online trading solutions used by brokers in Uganda are well tested and highly rated & secure.

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

  • Easy to use platform
  • Access to a risk management tool
  • Good or instant execution speed
  • Better quality charts
  • Able to perform social trading
  • Fast online help or support

Challenges Of Trading Online in Uganda

The US Dollar is considered the base currency around the world so even a little change in the US financial markets may affect the financial markets in Uganda. The EU is also a large market and changes there can affect the economic markets in Uganda.

Like many countries there are opportunities 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 homework first before risking any real money. We have collated hundreds of datapoints and written this guide to help you find the Best Trading Platforms in Uganda.  We hope that by using 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 deemed unsafe. This is not the case, Forex trading in Uganda is very active, safe and regulated.

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

The important thing is that if trading Forex in Uganda you pick one of the best online brokers.

Do Forex Traders Pay Tax In Uganda?

Once a dealer is successful and their gains achieve a certain level then they may be taxed in Uganda as per the standard taxation rules.

Tax returns must always be filed even if there is a loss. You should seek advice with a documented accountant in Uganda to ensure you're abiding by all present local laws as it is extremely determined by your personal circumstances.

Can You Trade Cryptocurrencies In Uganda?

Cryptocurrency markets in Uganda are rather new. As Cryptocurrencies operate on decentralised assets in Uganda things like interest rate fluctuations and political instability do not affect them as far as the fiat markets.

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

Can You Trade Commodities In Uganda?

Commodities trading in Uganda involves trading in matters like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inUganda.

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