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MetaTrader 5 (MT5) is the most recent version of the MetaTrader Forex trading platform and the first to have native multi-asset functionality for stocks, futures, and crypto. Traders will also be looking to use the expanded set of indicators and run improved MQL5 scripts to enable automated trading. The previous version of MetaTrader (MT4) is being gradually phased out, so it’s a good time to try out this new, more advanced trading platform.
Many traders are drawn to MT5 because of the wide range of CFDs to trade, but to find the best MT5 brokers, we also compared trading costs, execution speed and the number of Forex pairs available. For many beginners, MT5 will be their first trading platform, so we also tested the quality of the brokers’ technical customer support and the quality of their education. Last but not least, we made sure that all brokers on this list were fully regulated to ensure trader safety.
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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 | Regulated By | Website Language: English | Support Language: English | Compare | |||||
---|---|---|---|---|---|---|---|---|---|---|
USD 0 | 30:1 | 1597 | 90 | Yes | Yes | |||||
USD 5 | 30:1 | 1554 | 57 | Yes | Yes | |||||
USD 10 | 1000:1 | 2193 | 49 | Yes | Yes | |||||
USD 3 | 0:1 | 221 | 100 | Yes | Yes | |||||
USD 0 | 2000:1 | 1230 | 53 | Yes | Yes | |||||
USD 100 | 30:1 | 930 | 63 | Yes | Yes | |||||
USD 100 | 30:1 | 2241 | 70 | Yes | Yes | |||||
USD 5 | 3000:1 | 573 | 72 | Yes | Yes | |||||
USD 200 | 30:1 | 1744 | 64 | Yes | Yes | |||||
AUD 100 | 30:1 | 10162 | 70 | Yes | Yes |
Find Your Ideal Forex Broker
0 pips
CMA, BaFin, SCB, DFSA, ASIC, FCA, CySEC
USD 0
Pepperstone Platform, TradingView, cTrader, MT5, MT4
30:1
UK FCA and ASIC regulation with added regional presence in Kenya, offering localised trust
Start trading MT5 with no entry cost—ideal for budget-conscious traders
Pepperstone connects directly to Equinix data centers for sub-30ms execution speeds
MT5 integration supports Level II pricing and 21 timeframes—perfect for intraday strategies
Exclusive MT5 add-ons include sentiment indicators and correlation matrix—not widely available elsewhere
No support for MTN/Airtel Money for deposits/withdrawals in Uganda
Pepperstone | Best For: Advanced traders and algorithmic trading in Uganda
FxScouts
0.6 pips
DFSA, FSC, ASIC, CySEC
USD 5
MT5, MT4
30:1
XM | Best For: Beginner Forex traders and small-budget traders in Uganda
FxScouts
0.7 pips
FRSA, FSA-Seychelles, CySEC
USD 10
NAGA Web App, MT5, MT4
1000:1
NAGA | Best For: Social traders and copy-trading enthusiasts in Uganda
FxScouts
0.1 pips
JSC, CMA, FSA-Seychelles, FSC, B.V.I FSC, FSCA
USD 3
Exness Terminal, MT5, MT4
Unlimited:1
Exness | Best For: High-leverage, automated and crypto-friendly traders in Uganda
FxScouts
0.0 pips
CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA
USD 0
HFM Trading App, MT5, MT4
2000:1
HFM | Best For: Balanced traders who want all-round features with good education
FxScouts
MT5 (MetaTrader 5) is a trading platform that allows traders to access the Forex market via a broker.
Regulation: Regulation is needed to ensure your trading funds are safe and that the broker’s trading desk is not manipulating your trades. Although multiple regulators can regulate a broker, a trader should always know which regulator is overseeing your account, as only one regulator will be responsible for your trading account.
Assets available: One of the main attractions of MT5 is the expanded amount of tradable assets. Research each broker to see who has the most tradable assets and in what classes. Having a wide range of assets means a wide range of trading opportunities. If you plan on mainly trading FX, always check the number of FX pairs your broker has available.
Trading costs: Trading costs, which include spread and commission fees, will vary with each broker. The lower the total trading cost, the more profit a client can make from each trade. Each trading account can also have different trading conditions, so research trading costs on the MT5 accounts are part of your comparison.
Fee structure: While most of the best-regulated brokers will have very few additional fees, additional fees will occasionally emerge. These fees are usually inactivity fees, withdrawal fees, or charges connected with special account types like Islamic accounts.
Trade execution: Trading venue and execution speed are important components of any MT5 trading experience. The trading venue will conclude if your broker is acting as counter-party to your trade or if your broker has found you a counter-party through its network. The trade execution speed will indicate how much slippage you should expect between when you open your position and when it is opened on the market.
Hedging: MT5 does not allow for hedging as standard, so check with your broker to see if they can enable it.
Customer service: A simple check, but check the opening hours for customer service. It is good to know when customer service is available to take your call and resolve issues promptly.
MT5 has a lot more features than MT4, including an Economic Calendar, Depth of Market indicator, embedded chat function, and unlimited chart windows. It also has 80 built-in indicators and 12 more time-frames than MT4.
MT5 has grown in popularity recently in response to higher demand for multi-asset trading and is now supported by a number of the better brokers.
Answers to common questions about the MT5 platform.
The answer to this question depends on what you want from your platform and your previous trading experience.
If you want to trade other CFDs and Forex but want to have a standalone client, then MT5 is a good choice. If you only want to trade Forex on a simpler platform, it’s a good idea to start with MT4.
If you already have some experience with MT4 and are thinking of switching, it depends on your reasons. The only significant reason I can think of for switching to MT5 is if you want to trade other markets. The significant reason for not switching is that programmes written for MT4 will not run in MT5, so you will lose all your EAs, indicators and automated scripts in the transition.
The big question is how much longer the big brokers will support MT4. It is unquestionably the industry standard at present, and recent upgrades to the MQL4 language have made creating automated trading scripts almost as easy and efficient as MQL5.
That said, more brokers are offering MT5 all the time, and some have chosen to only support MT5 from now on. If you are starting out trading, there is something to be said for getting used to MT5 before it starts overtaking its older sibling, which has already started happening.
Yes, MT5 does support automated trading. In addition to copytrading through the MT5 signal service, traders can automate their trading via Expert Advisors (EAs) and technical indicators.
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.
60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.