FxScouts review services independently to help you make informed decisions.
Alison Heyerdahl
Edited by Alison Heyerdahl
Author Chris Cammack
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Compare brokers to find the right fit

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics.

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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.

Most Compared Brokers in Uganda in February 2025

We’re revealing the most requested broker comparisons to simplify your search. These are the matchups constantly on the minds of Tanzanian investors, and with good reason. They excel in the areas that matter most to us:

  • Regulation: Safety and security are non-negotiable.
  • Transparent Fees: We want to keep our hard-earned profits!
  • Diverse Assets: Stocks, forex, crypto – these brokers offer the variety you’re looking for.
  • User-Friendly Platforms: Whether you’re a pro or starting out, finding the right platform is crucial.

Let’s cut through the noise! Compare these in-demand brokers and discover the best fit for your investment journey

Exness
AvaTrade
Yes
FSCA Regulated
Yes
Unlimited:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.1 pips
Min. Spread
0.9 pips
USD 3
Min. Deposit
USD 100
Pepperstone
XM
No
FSCA Regulated
Yes
30:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0 pips
Min. Spread
0.6 pips
USD 0
Min. Deposit
USD 5
HFM
Pepperstone
Yes
FSCA Regulated
No
2000:1
Leverage
30:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0 pips
USD 0
Min. Deposit
USD 0

Top Overall Rating Bokers

Unbiased Expertise

Independent, in-depth reviews and comparisons of all FSCA-regulated Forex brokers, empowering you to make informed choices.

Educational Resources

Comprehensive guides for all levels, from the basics of Forex to advanced strategies tailored for your experien

Transparent Information

A focus on facts, accuracy, and up-to-date data to give you the insights you need to succeed in your Forex journey.

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Listen to Alison and Chris discuss what to look for in a Forex broker. They cover the importance of finding a well-regulated broker, a user-friendly platform, and keeping your trading costs low. They also recommend looking for a broker with good educational resources, a demo account, and good customer support.

Best Brokers in Uganda for 2025

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FSCA Regulated
Licenced by
Min. Deposit
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
Official Site
Compare
No
FCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersDubai Financial Services Authority
Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
USD 0
USD 10
4.61
/ 5
Yes
ASIC Regulated Forex BrokersFSCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
USD 100
USD 9
4.59
/ 5
No
CySEC Regulated BrokersThe Seychelles Financial Services AuthorityFinancial Regulatory Services Authority
USD 10
USD 17
4.14
/ 5
Yes
CySEC Regulated BrokersASIC Regulated Forex BrokersDubai Financial Services AuthorityInternational Financial Services Commission
FSCA Regulated Forex Brokers
USD 5
USD 6
4.45
/ 5
Yes
FSCA Regulated Forex BrokersThe Seychelles Financial Services AuthorityCapital Markets AuthorityBritish Virgin Islands Financial Services Commission
Financial Services CommissionJordan Securities Commission
USD 3
USD 7
4.32
/ 5
No
CySEC Regulated BrokersFCA Regulated BrokersInternational Financial Services CommissionKomisja Nadzoru Finansowego
USD 0
USD 7
4.49
/ 5
Yes
CySEC Regulated BrokersFCA Regulated BrokersFSCA Regulated Forex BrokersDubai Financial Services Authority
Financial Services CommissionThe Seychelles Financial Services AuthorityCapital Markets Authority
USD 0
USD 10
4.53
/ 5
No
FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFinancial Markets Authority of New Zealand
Dubai Financial Services AuthorityFinancial Services Authority – St. Vincent & the Grenadines
USD 0
USD 10
4.44
/ 5
No
CySEC Regulated BrokersASIC Regulated Forex BrokersInternational Financial Services Commission
USD 5
USD 7
4.33
/ 5
No
CySEC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasCapital Markets Authority
USD 200
USD 8
4.46
/ 5
FxScouts Podcast

Let's Talk Forex with Alison & Chris

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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.