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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
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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.
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Broker | Official Site | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | cTrader | Proprietary Platform | Regulated By | Compare | |||
|---|---|---|---|---|---|---|---|---|---|---|
 | Yes | Yes | Yes | Yes | USD 0 | 30:1 |        | |||
 | Yes | Yes | No | Yes | USD 0 | 2000:1 |    | |||
 | Yes | Yes | No | Yes | USD 100 | 30:1 |     | |||
 | Yes | Yes | No | Yes | USD 3 | 0:1 |   | |||
 | Yes | Yes | Yes | Yes | USD 100 | 30:1 | | |||
 | Yes | Yes | No | Yes | USD 5 | 3000:1 |  | |||
 | Yes | Yes | No | Yes | USD 5 | 30:1 | | |||
 | Yes | Yes | Yes | Yes | USD 200 | 30:1 | | |||
 | Yes | Yes | No | Yes | USD 10 | 1000:1 | | |||
 | Yes | Yes | Yes | No | USD 0 | 500:1 |  |
Select another broker to another broker to compare features, fees, and platforms side by side.
Find Your Ideal Forex Broker
0 pips
CMA, BaFin, SCB, DFSA, ASIC, FCA, CySEC
USD 0
Pepperstone Platform, TradingView, cTrader, MT5, MT4
30:1
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.
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.
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
FxScouts
YouTube
Select another broker to another broker to compare features, fees, and platforms side by side.
0.0 pips
CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA
USD 0
HFM Trading App, MT5, MT4
2000:1
Traders looking for a feature-rich and easy-to-use proprietary trading app that is highly customisable.
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.
The number of base currencies available at HFM is limited compared to other brokers.
Select another broker to another broker to compare features, fees, and platforms side by side.
0.9 pips
ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC
USD 100
AvaOptions, Avatrade Social, MT5, MT4
30:1
Beginners looking for risk management tools and those who want to copy expert traders and learn from their strategies.
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.
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
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YouTube
Select another broker to another broker to compare features, fees, and platforms side by side.
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 |  |
|
|
|
| Indicators | 31 | 38 | 55 | 100+ |
| Pending Order Types | 4 | 6 | 4 | 6 |
| Depth of Market |  |
|
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|
| Integrated Economic Calendar | |
|
|
Available as a widget |
| One Click Trading | |
|
|
|
| Trailing Stop | (But from the terminal side) |
(But from the terminal side) |
|
|
| Sentiment Display | |
|
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| Coding Language | MQL4 | MQL5 | C# | Pine Script |
Answers to some common questions about trading platforms and how they work.
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.
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”.
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.
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.
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.
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.
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.
Discover the top Forex brokers in Uganda. Compare top platforms, fees and features to make an informed trading choice.
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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Partner Manager and Financial Writer
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.
Head of Content
Financial Writer
Financial Writer
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