So you want to get started in Forex trading but feel a bit daunted by the process - maybe you’re not sure where to start? Or you’re not sure how to pick the right broker? Maybe you’re worried that Ugandan brokers are untrustworthy? Well, we have made this quick step by step guide to getting you started.

As of January 26, 2023, OvalX is no longer accepting new clients. Choose one of our other recommended brokers for Ugandan traders. OvalX (formerly ETX Capital) is an FCA and FSCA-regulated broker with a feature-rich proprietary trading platform and a large range of tradable assets. With its highly customisable trading platform and 5000 share CFDs, ETX Capital is a good option for experienced traders or serious beginners looking to trade other assets than Forex. OvalX offers full support for MT4 as well as its own award-winning proprietary platform, TraderPro. Unlike many proprietary platforms, TraderPro caters to both beginners and experienced traders and features numerous technical indicators, multiple chart types, split charting, highly customisable workspaces, and easy-to-use risk management tools.  Some traders may be disappointed at the lack of account options at OvalX, which has a single live commission-free account. Trading costs are average compared to other market maker brokers, with a minimum deposit of 100 USD and variable spreads averaging between 0.8 to 1.1 pips on the EUR/USD. Apart from share CFDs, OvalX offers trading on 60+ Forex pairs, cryptocurrencies, indices, commodities, and bonds - excellent for traders who wish to diversify their trading strategy.   OvalX also offers a wide range of educational materials for advanced traders, including regular courses run by professionals who have had successful careers as traders and senior managers at top financial institutions.