Are you looking for the best online brokers in Uganda to trade online? We have looked for the best stock brokers in Uganda in 2023 that allows trading in Ugandan currency too, and here is a list;
XM Broker
XM is a Cyprus-based online broker that provides contracts for difference on forex, equity indices, precious metals, energy, and futures to retail clients. It was started in 2009, and it is the best stok broker in Uganda.
Features
With a minimum deposit of $5, and no deposit and withdrawal fee, XM broker offers zero commission on all trades. The lowest spreads go up to 0.1 pips and the maximum leverage is 1:888. It also offers a solid education for beginner traders with daily interactive live trading rooms.
RoboForex
RoboForex is an international online broker that was started in 2009. It has since focused on providing both retail and corporate clients with services for trading.
Features
The minimum deposit varies with the account type, and there are no deposit fees. The fees and commissions start from $15, with variable spreads starting from 0.0 pips.
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Forex4you
Forex4you is a forex broker that started in 2007 and has been offering CFD trading ever since. It offers Uganda the opportunity to invest in the world’s largest market.
Features
It offers over 150 tradable instruments consisting of fifty currency pairs, however, trading in cryptocurrency is not available. The maximum leverage is 1:1000 for account up to $10,000, and 1:100 for accounts from $250,000 and over. Its spreads start from 0.1 pips and the minimum deposit is zero.
IC Markets Broker
IC Markets is an Australia-based global forex broker that was founded in 2007. It has an impressive library of educational materials and videos for traders.
Features
The minimum deposit is at $200, and its lowest spreads are at 0.0. The minimum trade is at 0.01 lots, and a maximum leverage of 1:500. Trading is commission-free, and it offers raw spread accounts with institutional grade liquidity.
