If you are thinking of doing forex trading in Uganda, or you have already began the process, you will need to decide which broker to choose. You cannot just immerse your head, heart and soul into Forex trading without considering the options you have. Each broker has its own advantages and disadvantages, but there are some that are not even worth your analysis. So are you still asking yourself, which is the best forex broker in Uganda? In this article I will take you through a list of reliable brokers in Uganda to consider. Here we go!
IQ Option: This is one of the most reliable brokers out there in Uganda. It provides instant access to forex, options, stock, bitcoin, and other investments. It offers a customizable trading platform, a demo account, and a minimum of $10 deposit. It also has a wide range of assets to choose from, at least 300 varieties of assets. It also has convenient withdrawals and good customer service.
XTB: this arguably one of the leading brokers in Uganda. With high leverage, reliable customer support, and quick execution, this is a good option for you to consider.
IC Markets: this is an ECN broker with one of the lowest spreads in the market. Its order execution speed is also one of the fastest in the market. IC markets also has diverse products including stocks, commodities, forex, bonds, and indices.
Oanda: this is also another credible forex broker in Uganda. It has low fees and commissions, and its deposit and withdrawal is free and fast. It is also easy to open an account with Oanda, and it provides one of the simplest trading platforms for analysis. So if you are looking for a good forex broker in Uganda, consider Oanda.
IG: This is user-friendly, easy to use, and reliable. It serves over 200,000 customers worldwide, including in Uganda. Although IG is reliable and has a good trading platform, it is still a bit behind other brokers such as IQ options in terms of market share.
Trading 212: This forex broker is one of the best brokers in Uganda because it charges zero fees, zero commission, and low spreads. You can also carry out multiple trades instantly, and use automated software to invest. Good option for Forex traders in Uganda.
FP Markets: Accepts bank transfers, credit cards and PayPal, and allows scalping. This is an STP broker and requires low minimum deposits. Its live chat is also good for effective and reliable 24/7 customer service in Uganda.
City Index: A reliable UK broker, also operating in Uganda. With low spreads and real-time insights and analysis, this is one of your best forex brokers to choose in Uganda.
All of these brokers listed here are regulated by major financial regulators in the world. Thus, each one of them is reliable, and you should expect no fraud from them.