An Australian broker with an excellent reputation, Axi is an MT4-only broker with three low-cost trading accounts and some of the best trading tools in the industry.  Although Axi limits its platform choice to MT4, it offers traders free use of various powerful technical analysis tools, including Autochartist, MyFxBook, and PsyQuation. These tools help experienced traders and serious beginners make better trading choices. We were also impressed with Axi’s high-quality trading education and frequent market analysis. Ugandan traders to open accounts with Axi's offshore brokerage, which is registered with the SVG FSA. The SVG FSA is not a regulator and does not supervise trading or protect traders. Traders who choose this option will not have negative balance protection, which means they can lose more than their initial deposit.

FXTM will be a good choice for many beginner Ugandan traders. It offers a low-deposit Micro Account, an excellent copy trading platform, and provides a variety of learning materials in both video and written formats. Its daily market analysis will also help beginners understand the real-world implications of news events on the Forex market and where trading opportunities lie. Our main concern is that FXTM’s trading costs are higher than other brokers and that it charges fees for all withdrawals. The range of instruments is also quite limited compared to other brokers in Uganda.  Overall, FXTM has many positive features, especially for beginners, but more experienced traders may find FXTM’s limitations difficult to overlook.

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