7 Best Forex Brokers with a Minimum 50 USD Deposit in Uganda
The 7 Best Ugandan Forex Brokers with a fifty-dollar minimum deposit revealed. We tested and verified the best FX brokers with a minimum $50 deposit to get started.
This is a complete list of low-cost forex brokers in Uganda.
In this in-depth guide you’ll learn:
- What is a 50 USD minimum deposit?
- What are lot sizes and why traders and investors should know about them?
- Who are the best $50 minimum deposit brokers for Ugandans?
- A list of the best 50-dollar minimum deposit brokers for Ugandans.
- How to choose a forex broker – Compare them side by side against each other.
- Which brokers offer Trading Apps for IOS and Andriod?
- Which NASDAQ Brokers offer a $50 minimum deposit?
- Which brokers offer a sign-up bonus for first-time traders?
And lots more…
So if you’re ready to go “all in” with the best-tested $50 minimum deposit forex brokers for Ugandans…
Let’s dive right in…
- Lesche Duvenage
Best Ugandan Forex Brokers with a Minimum 50 USD Deposit – Comparison
| 🏛️ Broker | 💰 Minimum Deposit | 💵 Maximum Deposit | ✔️ Shilling Deposits Allowed? | 💳 UGX Deposits | 📞 Ugandan Customer Support? | 👉 Open Account |
| 1. LiteFinance | 167,52 Shilling or equivalent to $50 | Unlimted | Yes | No | No | 👉 Open Account |
| 2. LMFX | 167,52 Shilling or equivalent to $50 | Unlimited | No | No | No | 👉 Open Account |
| 3. ACY Securities | 167,52 Shilling or equivalent to $50 | Unlimited | Yes | No | No | 👉 Open Account |
| 4. NinjaTrader | 167,52 Shilling or equivalent to $50 | $1,099 for the lifetime package (3641,69 Shilling) | No | No | No | 👉 Open Account |
| 5. Traders Trust | 167,52 Shilling or equivalent to $50 | Unlimited | No | No | No | 👉 Open Account |
| 6. FXCM | 167,52 Shilling or equivalent to $50 | Unlimited | Yes | No | No | 👉 Open Account |
| 7. OneRoyal | 167,52 Shilling or equivalent to $50 | 33,18 Shilling ($9,999) on the Classic Account | Yes | No | No | 👉 Open Account |
Best Ugandan Forex Brokers with a Minimum 50 USD Deposit – Comparison
| 🏛️ Broker | 💰 Minimum Deposit | 💵 Maximum Deposit | ✔️ Shilling Deposits Allowed? | 💳 UGX Deposits | 📞 Ugandan Customer Support? | 👉 Open Account |
| 1. LiteFinance | 167,52 Shilling or equivalent to $50 | Unlimted | Yes | No | No | 👉 Open Account |
| 2. LMFX | 167,52 Shilling or equivalent to $50 | Unlimited | No | No | No | 👉 Open Account |
| 3. ACY Securities | 167,52 Shilling or equivalent to $50 | Unlimited | Yes | No | No | 👉 Open Account |
| 4. NinjaTrader | 167,52 Shilling or equivalent to $50 | $1,099 for the lifetime package (3641,69 Shilling) | No | No | No | 👉 Open Account |
| 5. Traders Trust | 167,52 Shilling or equivalent to $50 | Unlimited | No | No | No | 👉 Open Account |
| 6. FXCM | 167,52 Shilling or equivalent to $50 | Unlimited | Yes | No | No | 👉 Open Account |
| 7. OneRoyal | 167,52 Shilling or equivalent to $50 | 33,18 Shilling ($9,999) on the Classic Account | Yes | No | No | 👉 Open Account |
7 Best Ugandan Forex Brokers with a Minimum 50 USD Deposit (2024)
- LiteFinance – Overall, Best Shilling Deposit Broker
- LMFX – Verified Low Minimum Deposit Broker in Uganda
- ACY Securities – Top Forex and CFD Broker
- NinjaTrader – Best Low Spread Forex Broker
- Traders Trust – Best High Leverage Broker in Uganda
- FXCM – Verified Islamic Account for Ugandans
- OneRoyal– Top Managed Accounts
1. LiteFinance
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
Marshall Islands
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
7
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
LiteFinance is one of the best offshore forex and CFD brokers for Ugandan retail traders, providing them with some of the best trading conditions, a range of trading opportunities, and the benefit that Ugandans can register a live account with a low minimum deposit of 50 USD.
Features
| Feature | Value |
| 💰 Minimum Deposit | 167,52 Shilling or equivalent to $50 |
| 💵 Maximum Deposit | Unlimited |
| 💳 Account Base Currencies | EUR, USD, MBT |
| 📊 Max Leverage Ratio | 1:500 |
| ✔️ Shilling Deposits Allowed? | Yes |
| 💰 Offers a Shilling Account? | No |
| 📞 Ugandan Customer Support? | No |
| 📲 Account Types | ECN Account, Classic Account |
| 💻 Trading Assets | Forex, Precious Metals, Oil, Global Stock Indexes, CFD NYSE, CFD NASDAQ, CFD EURONEXT, CFD LONDON LSE, CFD XETRA, Cryptocurrencies |
| ✔️ Negative Balance Protection? | Yes |
| ☎️ Margin Call | 100% |
| 🛑 Stop-Out | 20% |
| 💳 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| LiteFinance is compliant with the requirements of MiFID II | LiteFinance does not offer free VPS |
| The broker offers advanced Ugandan traders access to expert market analysis through Claws & Horns | There is a very limited selection of financial instruments that can be traded |
| LiteFinance offers a market-leading market analysis mobile app | |
| Ugandan traders can deposit and withdraw funds in Shilling | |
| There is multilingual customer support offered |
2. LMFX
Overview
Ugandan traders who sign up with LMFX can trade a large range of Forex and CFD products with low spreads, fast execution rates, and no commission costs using the MetaTrader 4 trading platform. Accounts can be opened with a minimum deposit of 50 USD, or an equivalent in Uganda, using different funding methods.
Features
| Feature | Value |
| 💰 Minimum Deposit | 167,52 Shilling or equivalent to $50 |
| 💵 Maximum Deposit | Unlimited |
| 💳 Account Base Currencies | USD, EUR |
| 📊 Max Leverage Ratio | 1:1000 |
| ✔️ Shilling Deposits Allowed? | No |
| 💰 Offers a Shilling Account? | No |
| 📞 Ugandan Customer Support? | No |
| 📲 Account Types | Premium Account, Fixed Account, Zero Account |
| 💻 Trading Assets | Forex, Indices, Commodities, Precious Metals, Energies, Shares |
| ✔️ Negative Balance Protection? | Yes |
| ☎️ Margin Call | 30% to 50% |
| 🛑 Stop-Out | 15% to 20% |
| 💳 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| LMFX offers a choice between retail accounts with competitive trading conditions and low minimum deposits | MetaTrader 5 is not offered |
| Ugandan traders are given access to MetaTrader 4 over the terminal, WebTrader, and mobile trading app | There is no Islamic Account offered |
| There are no deposit or withdrawal fees charged | There is no Shilling-denominated account |
| Advanced Ugandan traders have access to free VPS, trading calculators, and a variety of other useful tools | |
| The spreads are competitive and LMFX is known for its trade execution speeds |
3. ACY Securities
Overview
ACY Securities is a high-trust and low-risk Australian-based forex and CFD broker that has been in operation for more than 11 years. ACY Securities provides innovative trading technology, comprehensive trading solutions, and the benefit that Ugandans can register an account with a low minimum deposit of 50 USD, or an equivalent in Uganda.
Features
| Feature | Value |
| 💰 Minimum Deposit | 167,52 Shilling or equivalent to $50 |
| 💵 Maximum Deposit | Unlimited |
| 💳 Account Base Currencies | USD, AUD, EUR, GBP, NZD, CAD, JPY |
| 📊 Max Leverage Ratio | 1:500 |
| ✔️ Shilling Deposits Allowed? | Yes |
| 💰 Offers a Shilling Account? | No |
| 📞 Ugandan Customer Support? | No |
| 📲 Account Types | Standard Account, ProZero Account, Bespoke Account |
| 💻 Trading Assets | Forex, Precious Metals, Indices, Commodities, Shares, ETFs, Cryptocurrency |
| ✔️ Negative Balance Protection? | Yes |
| ☎️ Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 💳 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| ACY Securities is a reputable and well-regulated broker that offers a wide range of markets | While Ugandan traders can deposit and withdraw in Shilling, they will be charged currency conversion fees as there is no UGX-denominated account |
| ACY Securities provides access to powerful trading platforms and mobile apps for Ugandan | The demo account is only offered for 30 days |
| There are competitive commissions charged on trades | There are limited deposit currencies supported and only a few base account currencies |
| Beginner Ugandan traders are given a selection of educational materials and tools | There are additional fees charged on Islamic Accounts |
| There are several payment methods offered for deposits and withdrawals, and Ugandan can deposit in Shilling | Withdrawal fees are charged |
4. NinjaTrader
Overview
NinjaTrader is a high-trust and low-risk United States trading platform catering to beginner and professional traders in Uganda. Regarding trading and non-trading fees, NinjaTrader ranks 4.3 out of 5.
Features
| Feature | Value |
| 💰 Minimum Deposit | 167,52 Shilling or equivalent to $50 |
| 💵 Maximum Deposit | $1,099 for the lifetime package (3641,69 Shilling) |
| 💳 Account Base Currencies | USD |
| 📊 Max Leverage Ratio | 1:50 |
| ✔️ Shilling Deposits Allowed? | No |
| 💰 Offers a Shilling Account? | No |
| 📞 Ugandan Customer Support? | No |
| 📲 Account Types | Four License options: • Free • Lease • Lifetime • Simulation Only |
| 💻 Trading Assets | Futures, Options, Options on Futures, Forex |
| ✔️ Negative Balance Protection? | No |
| ☎️ Margin Call | None |
| 🛑 Stop-Out | None |
| 💳 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Ugandan traders who sign up with NinjaTrader can expect low trading margins for the Micro Futures and Forex Trading options | There are limited deposit currencies supported |
| There is a simulated futures trading option offered by the platform | There is a limited selection of account funding options and withdrawal fees are charged |
| Simulated futures trading is unlimited | Ugandan traders cannot use local deposit or withdrawal options |
| Advanced traders are given the best analysis and charting tools | There is no Shilling-denominated account offered |
| Ugandan traders have access to more than 100 technical indicators |
5. Traders Trust
Overview
Established in 2009, Traders Trust is a well-known forex and CFD broker based in Cyprus that offers a range of comprehensive trading solutions to traders from around the world. Ugandan traders can register a Classic Account with a minimum deposit of 50 USD, providing them access to a range of markets and competitive trading conditions.
Features
| Feature | Value |
| 💰 Minimum Deposit | 167,52 Shilling or equivalent to $50 |
| 💵 Maximum Deposit | Unlimited |
| 💳 Account Base Currencies | USD, EUR, JPY, GBP |
| 📊 Max Leverage Ratio | 1:3000 |
| ✔️ Shilling Deposits Allowed? | No |
| 💰 Offers a Shilling Account? | No |
| 📞 Ugandan Customer Support? | No |
| 📲 Account Types | Classic Account, Pro Account, VIP Account |
| 💻 Trading Assets | Forex, Indices, Metals, Oils, Cryptocurrencies |
| ✔️ Negative Balance Protection? | Yes |
| ☎️ Margin Call | 80% |
| 🛑 Stop-Out | 50% |
| 💳 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| The broker is regulated and has high ratings on Trustpilot | There is a lack of educational resources |
| There are several account funding options offered | There is no MetaTrader 5 platform |
| There is a choice between three retail accounts, each catering to different types of traders | There is no Shilling-denominated account type |
| There are additional trading tools that are offered to more advanced Ugandan traders | Social trading is not integrated into the trading platform |
| There is a low minimum deposit requirement and high leverage ratio offered |
6. FXCM
Overall Rating
- 4.5/5
Min Deposit
USD 300 / 1 119 542 UGX
Regulators
FCA
Trading Desk
MetaTrader 4, Trading Station
Crypto
Yes
Total Pairs
7
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
Established in 1999, FXCM is one of the most reputable brokers in the world, with strict regulation through FCA, ASIC, CySEC, and FSCA. FXCM is a high-trust and low-risk broker that is ideal for Ugandan traders regardless of their trading strategies or trading objectives, offering the option to register an account with a low minimum deposit of 50 USD, or equivalent in Shilling.
Features
| Feature | Value |
| 💰 Minimum Deposit | 167,52 Shilling or equivalent to $50 |
| 💵 Maximum Deposit | Unlimited |
| 💳 Account Base Currencies | USD |
| 📊 Max Leverage Ratio | 1:30 for EU, 1:400 for non-EU clients |
| ✔️ Shilling Deposits Allowed? | Yes |
| 💰 Offers a Shilling Account? | No |
| 📞 Ugandan Customer Support? | No |
| 📲 Account Types | One account with these options: • Spread Betting • CFD Trading • Active Trader • Professional Trader |
| 💻 Trading Assets | Forex, Indices, Metals, Oils, Cryptocurrencies |
| ✔️ Negative Balance Protection? | Yes |
| ☎️ Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 💳 Minimum Trade Size | 0.01 lots |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXCM is multi-regulated, offers investor protection and guarantees client fund security | There are additional fees charged on the Islamic Account to offset the absence of overnight fees |
| Ugandan social traders can use ZuluTrade across devices | There are currency conversion fees charged |
| Advanced charting is offered through TradingView | There is no Shilling-denominated trading account |
| There is an Islamic Account for Muslim Ugandan traders | |
| Competitive trading conditions are offered to Ugandan traders |
7. OneRoyal
Overview
OneRoyal is an online retail broker founded in 2006 to provide superior trading conditions to customers interested in trading a variety of financial assets. OneRoyal offers a choice between several retail accounts, with a minimum deposit of 50 USD.
Features
| Feature | Information |
| ⚖️ Regulation | FCA, ASIC, CySEC, EFSA, JSC |
| 📲 Social Media Platforms | • YouTube • Telegram |
| ⚖️ CBN Regulation? | No |
| 💻 Trading Accounts | Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5, Trade.MT4, Zero.MT4 |
| 📱 Trading Platform | MetaTrader 4, MetaTrader 5, Admirals Mobile App |
| 💵 Minimum Deposit | 3246,69 Shilling |
| 💳 Trading Assets | ESG Trading Instruments, Forex, Cryptocurrency CFDs, Commodities, Indices, Stocks, ETFs, Bonds, Spread Betting |
| ✔️ Ugandan Shilling-based Account? | No |
| 💸 UGX Deposits Allowed? | Yes |
| 💰 Bonuses for Ugandan traders? | No |
| 📊 Minimum spread | From 0.0 pips EUR/USD |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| Feature | Value |
| 💰 Minimum Deposit | 167,52 Shilling or equivalent to $50 |
| 💵 Maximum Deposit | 33,18 Shilling ($9,999) on the Classic Account |
| 💳 Account Base Currencies | USD, EUR, GBP, CHF, PLN |
| 📊 Max Leverage Ratio | 1:500 |
| ✔️Shilling Deposits Allowed? | No |
| 💰 Offers a Shilling Account? | No |
| 📞 Ugandan Customer Support? | No |
| 📲 Account Types | Zero Classic Account, Zero Premium Account, Zero VIP Account, Core Classic Account, Core Premium Account, Core VIP Account |
| 💻 Trading Assets | Forex, Precious Metals, Energies, Indices, Cryptocurrencies, Shares |
| ✔️ Negative Balance Protection? | Yes |
| ☎️ Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 💳 Minimum Trade Size | 0.01 lots |
An Introduction to Lot Sizes
The lot size is a fundamental concept in forex trading that determines the volume or size of a trade. It represents the number of currency units in a trade position. Forex is traded in lots, and each lot size corresponds to a specific amount of currency.
The standard lot size in forex is 100,000 units of the base currency. For example, if you are trading the EUR/USD pair, a standard lot represents 100,000 euros. However, not all traders have the capital or risk tolerance to trade in such large volumes. Therefore, forex brokers offer different lot sizes to accommodate traders with varying capital and risk preferences.
Here are the commonly used lot sizes in forex trading:
Standard Lot: A standard lot is the largest lot size and represents 100,000 units of the base currency.
Mini Lot: A mini lot is one-tenth the size of a standard lot, representing 10,000 units of the base currency.
Micro Lot: A micro lot is one-tenth the size of a mini lot, representing 1,000 units of the base currency.
Nano Lot: Some brokers offer even smaller lot sizes called nano lots, which represent 100 units of the base currency.
The choice of lot size depends on several factors, including account size, risk tolerance, trading strategy, and market conditions. Traders with smaller account balances often opt for smaller lot sizes to manage risk and control position sizes effectively.
It’s important to note that the pip value, which represents the smallest price movement in a currency pair, varies depending on the lot size. Larger lot sizes result in larger pip values, while smaller lot sizes have smaller pip values.
Forex brokers may also offer the option of trading fractional lots, which allow traders to specify a custom lot size rather than trading in predefined standard, mini, or micro lots. Fractional lots provide further flexibility in position sizing.
Understanding lot sizes is crucial in forex trading, as they directly impact the risk and profit potential of a trade. Traders should carefully consider their lot size selection, risk management strategies, and overall trading plan to ensure responsible and effective trading in the forex market.
Leverage and Margin in Forex Trading
Margin trading is a fascinating practice within the realm of financial markets. It empowers investors to trade with borrowed funds, known as margin, in order to maximize their potential returns. This strategy involves buying or selling various financial instruments, such as stocks, bonds, currencies, or commodities, by utilizing money borrowed from a broker. By engaging in margin trading, individuals have the opportunity to leverage their investment capital, thereby potentially amplifying their profits. However, it’s crucial to acknowledge that this approach also heightens the risk of losses.
Let’s delve into some key aspects and terms associated with margin trading:
Margin Account: To partake in margin trading, investors must establish a distinct margin account with a brokerage firm. Unlike a regular cash account, this specialized account allows for the borrowing and lending of funds.
Margin: Margin refers to the funds borrowed from the broker. It constitutes a certain percentage of the total trade value, with investors required to contribute this amount while the remaining sum is provided as a loan by the broker. The margin requirement varies depending on the specific financial instrument and the policies set by the broker.
Leverage: Leverage represents the ratio between the borrowed funds and the investor’s own capital. For instance, if the leverage is 2:1, the investor can trade with double the amount of their capital. Higher leverage intensifies both potential profits and losses.
Initial Margin: The initial margin signifies the minimum capital that an investor must contribute to initiate a margin position. Typically expressed as a percentage of the total trade value, this requirement acts as a safeguard against potential losses.
Maintenance Margin: The maintenance margin denotes the minimum capital that an investor must uphold within their margin account to sustain an open position. If the account value falls below the maintenance margin, a margin call may be triggered.
Margin Call: A margin call arises when the account value dips below the maintenance margin level. In such instances, the broker will request additional funds or securities to restore the margin account to its initial margin requirement. Failure to meet a margin call may result in the forced liquidation of positions.
Margin Interest: Borrowed funds in a margin account typically accrue interest. Traders must consider the cost of borrowing when evaluating potential profits and losses.
Short Selling: Margin trading also facilitates short selling, which involves investors selling borrowed assets with the expectation of repurchasing them at a lower price in the future. Short selling enables traders to profit from a declining market.
Margin trading presents the potential for greater returns through increased buying power, but it’s crucial to recognize the significant risks involved. Market volatility can lead to substantial losses, necessitating close monitoring of positions, effective risk management, and a comprehensive understanding of the terms and conditions outlined by the brokerage firm.
Individuals contemplating margin trading must diligently educate themselves about the associated risks, comprehend the specific rules and regulations of their jurisdiction, and, if necessary, seek guidance from a financial advisor. By equipping themselves with the necessary knowledge, investors can make informed decisions in this dynamic landscape.
How to Choose a Forex Broker
Selecting a forex broker is a crucial decision that significantly influences a trader’s experience and profitability. To make an informed choice, it is important to consider several factors. Here are key aspects to contemplate when choosing a forex broker:
Regulation:
Opt for a broker regulated by a reputable financial authority in their home country or operating jurisdiction. Regulation ensures that brokers adhere to specific standards and rules, providing traders with a certain level of protection.
Trading Platforms:
Evaluate the broker’s trading platform for user-friendliness, reliability, and availability of tools and features that align with your trading requirements. Consider whether the platform is accessible on both desktop and mobile devices and offers a diverse range of financial instruments.
Spreads and Fees:
Compare spreads and trading fees among different brokers to identify the most competitive pricing. While low spreads are advantageous, also take into account other fees such as commissions and swap rates.
Customer Support:
Prioritize brokers that offer responsive and helpful customer support accessible through various channels, including phone, email, and live chat. Efficient customer support can be crucial when encountering issues or seeking assistance.
Educational Resources:
Look for brokers that provide educational resources such as webinars, tutorials, and market analysis. These resources can aid in improving trading skills and knowledge, enhancing your overall trading performance.
Deposit and Withdrawal Options:
Consider the broker’s deposit and withdrawal options, ensuring they support your preferred payment methods. Smooth and convenient transactions are vital for efficient account funding and withdrawals.
Reputation:
Conduct online research to assess the broker’s reputation and seek reviews from other traders. Real-life experiences and feedback from fellow traders can offer valuable insights into the broker’s reliability and quality of service.
By carefully considering these factors, traders can select a forex broker that aligns with their needs, supports their trading goals, and provides a satisfactory trading experience.
Best Brokers in Ugandan
Lowest Spread Forex Broker in Uganda
We chose LiteFinance because of its razor-thin spreads that start from 0.0 pips on EUR/USD. This makes LiteFinance the perfect broker for Ugandan day traders, scalpers, and other fast-paced trading strategies.
Best Forex Trading Broker in Uganda
Overall, OneRoyal has the highest trust score on our list of brokers, making it a low-risk option for all Ugandan traders. OneRoyal offers access to MetaTrader 4, and the broker is well-known for its competitive trading conditions and educational materials.
Best CBN Regulated Forex Brokers in Uganda
While the Central Bank of Uganda does not regulate capital markets, we can recommend ACY Securities as one of the most well-regulated brokers in Uganda that offers client fund security, investor protection, and several other advantages.
Best Legit Forex and CFD Broker with A Low Minimum Deposit
ACY Securities is an extremely well-regulated and reputable forex and CFD broker in Uganda that offers guaranteed client fund security and investor protection to all its clients.
Best NASDAQ Broker in Uganda with a Low Minimum Deposit
We chose LMFX because of its range of indices and the benefit that the broker offers low minimum deposits and competitive trading conditions across all asset classes.
Cheapest Forex Broker in Uganda
Overall, we chose LiteFinance because of its low minimum deposit of 167,52 Shilling, tight spreads from 0.0 pips, and low commissions that start from $0.25 when Ugandan retail traders trade energies.
Best VIP Account for Experienced Ugandan Traders
We chose OneRoyal as the broker that offers the best VIP Accounts for more experienced traders in Ugandan. OneRoyal offers a choice between a Zero and a Core VIP Account, offering Ugandan traders flexibility in their trading.
Best Ugandan Broker with the Highest Leverage
From our list Traders Trust stands out because the broker offers Ugandan leverage up to 1:3000 on trading accounts, allowing traders to get started in financial markets with small amounts of capital.
Best Islamic Account in Uganda
Overall Rating
- 4.5/5
Min Deposit
USD 300 / 1 119 542 UGX
Regulators
FCA
Trading Desk
MetaTrader 4, Trading Station
Crypto
Yes
Total Pairs
7
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
We chose FXCM because the broker offers tailor-made solutions to all retail and Muslim Ugandan traders. FXCM offers the option for a live trading account to be converted into an Islamic Account, exempting Ugandan traders from overnight fees.
Best Futures and Options Broker in Uganda
NinjaTrader is not only one of the most popular trading platforms in the industry but the platform and broker offer some of the best Futures and Options trading opportunities to Ugandan traders.
Best Managed Accounts in Uganda
OneRoyal offers Money Managers some of the best solutions in Uganda, which is why we chose it for this category. Ugandan Money Managers can find a range of solutions when they choose to trade through OneRoyal.
Best instant withdrawal Broker in Uganda
We chose FXCM as the best Instant Withdrawal Broker in Uganda as quick payment methods such as debit and credit cards, and several electronic payment gateways are supported by the broker.
Best Shilling Deposit Broker
We chose LiteFinance as the broker offers Ugandan traders the opportunity to deposit the minimum deposit amount of 50 USD in Shilling.
FAQ
Can I start trading with a 50 USD Minimum Deposit?
While you can register a trading account with any of the brokers on our list with 50 USD, you may not be able to execute trades with such low capital.
How much leverage should I apply with a 50 USD Minimum deposit?
If you are a beginner and you are still uncertain about your risk-reward ratios, you should use leverage between 1:10 and 1:30 until you are more familiar with the forex and CFD financial markets. More experienced traders typically use 1:30 up to 1:100 depending on their initial capital, risk tolerance, position size, and their overall risk-reward ratios.
Will a 50 USD Minimum Deposit cover my margin requirements?
This will depend on the broker that you use, the leverage that they provide, and your position size. In most cases, however, 50 USD may not be enough to cover the margin requirements on some financial instruments.
Which low minimum deposit broker is the best for Professional Ugandan Traders?
FXCM is our choice as the best low minimum deposit broker for Professional Ugandan Traders because of its comprehensive solutions, range of tools, insights, and a dedicated institutional section on the website.
Is it safe to use the leverage of 1:1000 and more in Uganda?
No, it is not safe to use extremely high leverage because while your profit potential is increased, so are the chances of a loss when the market turns against your position.
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