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Ida Hermansen
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Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. For more detailed information click this link.

Best Forex Trading Platforms in Uganda for 2025

Edited by
Author
Ida Hermansen
Edited by
Ida Hermansen
Financial Writer
Learn more about Ida Hermansen
Alison Heyerdahl
Author
Alison Heyerdahl
Head of Content
Learn more about Alison Heyerdahl

Trading platforms are applications offered by Forex brokers that allow traders to trade Forex and other instruments. Trading platforms are usually free and are also available as mobile apps.

All trading platforms have an interface to view live market prices, place trades, and manage trading accounts. Most trading platforms will also have charting tools, research tools, indicators, educational materials, and options for automated trading or copy trading.

In this guide to the best Forex trading platforms, we go over the important considerations you need to make when choosing one; these include regulation and security, trading costs, customer service, and education.

These are the Forex brokers with the best trading platforms for 2025

Trusted. Transparent. Tested.

For over a decade, we’ve set the standard in forex broker reviews—collecting thousands of data points yearly to deliver unbiased, expert-backed insights.

Skip the trial and error! Below, you’ll find the best forex brokers for Ugandan traders for 2025—thoroughly tested, verified, and ranked, so you can trade with confidence.

Best Range of Trading Platforms
Best Proprietary Trading Platform
Best Risk Management Tools

Best Forex Trading Platforms in Uganda for 2025

You can either use the arrow button or swipe on mobile

Official Site
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Regulated By
Compare
4.61
/ 5
Yes
Yes
Yes
Yes
USD 0
30:1
FCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersDubai Financial Services Authority
Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
4.43
/ 5
Yes
Yes
No
Yes
USD 0
2000:1
FCA Regulated BrokersFSCA Regulated Forex BrokersDubai Financial Services AuthorityFinancial Services Commission
The Seychelles Financial Services AuthorityCapital Markets Authority
4.59
/ 5
Yes
Yes
No
Yes
USD 100
30:1
ASIC Regulated Forex BrokersFSCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
4.32
/ 5
Yes
Yes
No
Yes
USD 3
0:1
FSCA Regulated Forex BrokersThe Seychelles Financial Services AuthorityCapital Markets AuthorityBritish Virgin Islands Financial Services Commission
Financial Services CommissionJordan Securities Commission
4.39
/ 5
Yes
Yes
Yes
Yes
USD 100
30:1
FCA Regulated BrokersCySEC Regulated BrokersFSCA Regulated Forex BrokersDubai Financial Services Authority
Securities Commission of the Bahamas
4.33
/ 5
Yes
Yes
No
Yes
USD 5
3000:1
ASIC Regulated Forex BrokersInternational Financial Services Commission
4.45
/ 5
Yes
Yes
No
Yes
USD 5
30:1
CySEC Regulated BrokersASIC Regulated Forex BrokersDubai Financial Services AuthorityInternational Financial Services Commission
FSCA Regulated Forex Brokers
4.46
/ 5
Yes
Yes
Yes
Yes
USD 200
30:1
CySEC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasCapital Markets Authority
4.14
/ 5
Yes
Yes
No
Yes
USD 10
1000:1
CySEC Regulated BrokersThe Seychelles Financial Services AuthorityFinancial Regulatory Services Authority
4.28
/ 5
Yes
Yes
Yes
No
USD 0
500:1
Financial Markets Authority of New ZealandThe Seychelles Financial Services Authority
Pepperstone
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
Yes
Min. Deposit
USD 0
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
regulatorregulatorregulator
HFM
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 0
Max. Leverage (forex)
2000:1
Regulated By
regulatorregulatorregulatorregulator
regulatorregulator
AvaTrade
4.6
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 100
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
regulatorregulatorregulator
Exness
4.3
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 3
Max. Leverage (forex)
0:1
Regulated By
regulatorregulatorregulatorregulator
regulatorregulator
FxPro
4.4
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
Yes
Min. Deposit
USD 100
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
regulator
FBS
4.3
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 5
Max. Leverage (forex)
3000:1
Regulated By
regulatorregulator
XM
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 5
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
regulator
IC Markets
4.5
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
Yes
Min. Deposit
USD 200
Max. Leverage (forex)
30:1
Regulated By
regulatorregulatorregulatorregulator
NAGA
4.1
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
No
Proprietary Platform
Yes
Min. Deposit
USD 10
Max. Leverage (forex)
1000:1
Regulated By
regulatorregulatorregulator
BlackBull Markets
4.3
Read Review

Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

For detailed information about our testing methodology click here.

MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
cTrader
Yes
Proprietary Platform
No
Min. Deposit
USD 0
Max. Leverage (forex)
500:1
Regulated By
regulatorregulator
Find Your Ideal Forex Broker

Compare Forex Brokers

  • Find the best broker for your trading needs
  • Compare spreads, fees, and platforms
  • Read in-depth reviews and analysis

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise

 

Learn how we set the standard for broker reviews. Explore our in-depth review process here.

Pepperstone

Best Range of Trading Platforms

Pepperstone
4.61
75.3% of retail CFD accounts lose money

Min. Spread

0 pips

Regulation

CMA, BaFin, SCB, DFSA, ASIC, FCA, CySEC

Min. Deposit

USD 0

Why Pepperstone Stands Out

  • Best for

    Pepperstone is ideal for traders looking for a broad choice of platforms and low trading costs, with advanced features across MT4, MT5, cTrader, and TradingView.

     

  • Why we like it

    We like Pepperstone for its platform variety, especially TradingView, which offers advanced charting with custom timeframes, over 100,000 custom-built indicators, and integrated financial analysis. All platforms support automated trading and integrate with Autochartist, providing further trading insight.

     

Why Pepperstone Falls Short

  • Drawbacks

    The main drawback is the complicated commission structure that might confuse some traders. Additionally, the market analysis frequency is less than that of some competitors, and the educational offerings, while good, do not match the depth provided by other large brokers.

Pepperstone | Best Range of Trading Platforms

Final Verdict: Is Pepperstone right for you?

Trade if:

  • Well regulated
  • Tight spreads
  • Great platform choice

Consider Alternatives:

  • Limited market analysis
Visit Broker
Accepts Ugandan Clients. Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone Group is regulated by the FCA, ASIC, and the DFSA.

HFM

Best Proprietary Trading Platform

HFM
4.43
72.90% of retail CFD accounts lose money

Min. Spread

0.0 pips

Regulation

CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA

Min. Deposit

USD 0

Why HFM Stands Out

  • Best for

    Traders looking for a feature-rich and easy-to-use proprietary trading app that is highly customisable.

  • Why we like it

    HFM is well-regulated, has a range of low-cost trading accounts to suit traders of all experience levels and budgets, and provides a comprehensive range of educational materials.

Why HFM Falls Short

  • Drawbacks

    The number of base currencies available at HFM is limited compared to other brokers.

Final Verdict: Is HFM right for you?

Trade if:

  • Low minimum deposit
  • Tight spreads
  • Well regulated

Consider Alternatives:

  • Limited base currencies
Visit Broker
Accepts Ugandan Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 2000:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA.

AvaTrade

Best Risk Management Tools

AvaTrade
4.59
76% of retail CFD accounts lose money

Min. Spread

0.9 pips

Regulation

ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC

Min. Deposit

USD 100

Why AvaTrade Stands Out

  • Best for

    Beginners looking for risk management tools and those who want to copy expert traders and learn from their strategies. 

  • Why do we like it?

    We like the user-friendly proprietary AvatradeGO app, available on both Android and iOS. It has an easy-to-use dashboard with trade management tools, clear charts, and a Market Trends feature to monitor trading trends within the AvaTrade community.

Why AvaTrade Falls Short

  • Drawbacks

    Web Trader, AvaTrade’s proprietary web-based desktop platform, is not customisable, and traders can’t change the size and position of the tabs. The platform also does not allow traders to set price alerts and notifications.

AvaTrade | Best Risk Management Tools

Final Verdict: Is AvaTrade right for you?

Trade if:

  • Top-tier regulation and security with licenses from ASIC and CBI among others
  • Accessible trading with a low minimum deposit of 100 USD
  • Award-winning mobile trading with the AvaTradeGO app with social trading features

Consider Alternatives:

  • Market analysis could be more extensive
  • Avatrade is a Market Maker and operate a dealing desk which might not align with all trading preferences
Visit Broker
Accepts Ugandan Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.
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Guide to the Best Trading Platforms

The best Forex trading platform for you will depend on your trading experience and personal taste

MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and TradingView are the most popular trading platforms. Many brokers also have their own proprietary trading platforms. Almost all trading platforms are also available as mobile trading apps.

The table below is an easy guide to the main differences between the four main platforms.

Features MetaTrader 4 MetaTrader 5 cTrader TradingView
Timeframes 9 21 26 Unlimited – customised timeframes
Chart Types Line, Bar, candlesticks Line, Bar, candlesticks Bar, Candlesticks, Line +4 more Bar, Candlesticks, Line +9 more
EA Trading Check Mark Green Check Mark Green Check Mark Green Check Mark Green
Indicators 31 38 55 100+
Pending Order Types 4 6 4 6
Depth of Market X Mark Red Check Mark Green Check Mark Green Check Mark Green
Integrated Economic Calendar X Mark Red Check Mark Green Check Mark Green Available as a widget
One Click Trading Check Mark Green Check Mark Green Check Mark Green Check Mark Green
Trailing Stop Check Mark Green (But from the terminal side) Check Mark Green (But from the terminal side) Check Mark Green Check Mark Green
Sentiment Display X Mark Red X Mark Red Check Mark Green Check Mark Green
Coding Language MQL4 MQL5 C# Pine Script

"Some Forex trading platforms have more currency pairs to trade than others, and this depends on which Forex broker your trading platform is connected to"

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Frequently Asked Questions

Answers to some common questions about trading platforms and how they work.

What is Forex Trading?

Forex trading involves exchanging one currency for another to profit from fluctuations in the exchange rate. Unlike stock markets, the forex market is a decentralised global marketplace, and currencies can be traded around the clock. Forex trading is a popular investment option due to its potential for high returns and liquidity and low transaction costs. 

What is the difference between a Forex trading platform and a Forex broker?

Forex trading platforms and Forex brokers are two different things, but they are closely related.

Forex trading platforms are applications – either on a phone or a computer – that traders use to place trades, while Forex brokers are companies that find buyers and sellers for your trades. Forex brokers also provide leverage and other services such as education, analysis tools and customer support. Forex brokers charge a fee for these services; this is usually in the form of a markup called the “spread”.

Which Currency Pairs can I trade on a trading platform?

Some Forex trading platforms have more currency pairs to trade than others, and this depends on which Forex broker your trading platform is connected to. Beginners should start with the major currency pairs, like the EUR/USD or the USD/JPY, as they are less volatile and are less expensive to trade than minor currency pairs and exotic currency pairs. 

What other assets can I trade on a Trading Platform?

Other assets you can trade are stocks, commodities, cryptocurrencies, indices and government bonds. Which assets are available on your trading platform will depend on your broker, and some brokers offer many more types of assets. Some of the rare assets include interest rates, ETFs and futures.

What are technical indicators?

Technical indicators are used to identify trends, measure market volatility, and assess the strength and direction of current market conditions. Technical indicators can be divided into two categories: trend-following and oscillators. Trend-following indicators are used to identify the direction of a trend, while oscillators identify reversals in the trend. 

Common types of technical indicators include moving averages, momentum indicators, relative strength index (RSI), Bollinger Bands, MACD (moving average convergence divergence), stochastics, Ichimoku clouds, Fibonacci retracements and more. Technical traders use indicators to determine potential entry and exit points for trades.

What are trading tools?

Trading tools are any technology or application traders use to help them make trading decisions, track trades, and manage their portfolios. These tools can range from basic charting software to complex AI-driven algorithms for high-frequency trading. Trading tools typically provide access to market data, news feeds, and real-time risk management tools. 

Many trading tools also come with specialised features such as portfolio analysis, order execution, backtesting of strategies, portfolio optimisation, and access to multiple exchanges in one place. In addition to these more practical applications, they may include educational resources such as videos and tutorials that help traders gain insight into the markets they trade.

Others Also Viewed

Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered.

Best Brokers in Uganda

Discover the top Forex brokers in Uganda. Compare top platforms, fees and features to make an informed trading choice.

How does Forex Trading Work?

What is Forex trading and how does it work? An easy-to-read guide including how to trade, and how to choose a reliable broker.

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack

Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education.


With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users.


He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.


Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison joined the team as a writer in 2021. She is the Head of Content for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in Forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers.

Ida Hermansen

Financial Writer

Ida Hermansen
Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

Stefan de Clerk

Financial Writer

Stefan de Clerk
The newest member of our team, Stefan has a degree in Marketing and more than a decade of experience writing quality content in both finance and tech. Stefan's deep fascination with how factors like geopolitical events, big data and market sentiment influence the financial markets drives his passion for Forex trading. He believes that if you want to feel the pulse of the world economy, trade Forex, and if you want to trade Forex, you need well-researched, unbiased and objective information.

                

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