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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Brokers offer no-deposit bonuses to attract new customers. No-deposit bonuses typically involve the broker providing the customer with a small amount of equity, which allows them to learn how to trade Forex without the fear of losing their own money.
Our review team has reviewed all the top brokers in Uganda to find out which ones offer the best no-deposit bonuses. The brokers below are well-regulated and we confirmed that their bonuses are valid for Ugandan traders. We also highlight the terms of each bonus, so that you understand the conditions attached to withdrawing your profits.
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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 | Bonuses | Min. Deposit | Beginner Friendly | Platforms | Compare | ||
|---|---|---|---|---|---|---|---|---|
 | None | USD 5 | 3000:1 | Excellent | MT4, MT5, FBS App | |||
 | $30 No Deposit Bonus. Account Validation Required. | USD 5 | 30:1 | Excellent | MT4, MT5 | |||
 | $30 Welcome Bonus. No Deposit Required | USD 100 | 30:1 | Excellent | MT4, MT5 |
Find Your Ideal Forex Broker
0.7 pips
FSC, ASIC, CySEC
USD 5
Traders looking for a generous trading bonus on a well-designed mobile app.
FBS offers one of the highest no-deposit bonuses in the industry. Its accounts have low minimum deposit requirements, and its trading fees are low too. It also offers a great range of cryptocurrencies.
For traders to access the 140 USD level-up bonus, they will have to have a Facebook account, and this bonus is only available on the FBS trader app, which may not suit all traders.
FBS | $140 No Deposit Bonus
0.6 pips
DFSA, FSC, FSCA, ASIC, CySEC
USD 5
Beginner traders looking to start trading without risking their own money and who want a comprehensive and in-depth education on Forex trading.
XM is a well-regulated broker with a range of low-cost, low-deposit trading accounts, excellent education, and fast execution. Profits from the bonus can be withdrawn at any time and the no-deposit bonus terms and conditions are reasonable.
XM only offers the desktop versions of MT4 and MT5, a more limited choice than other similar brokers.
XM | $30 No Deposit Bonus
0.0 pips
FSA-Seychelles, DFSA, FSCA, FCA, CySEC
USD 100
Traders looking to try out trading with real money with no commitment to a broker - the account can be opened without registration or identity verification.
The no-deposit bonus account is available for 60 days, and any profits can be used to open a Tickmill Pro Account. Tickmill has low commissions on its Pro Account and Tickmill offers a broad range of trading tools.
Traders can withdraw a maximum of 100 USD in profits from the Welcome Account and once a withdrawal has been made, the Welcome Account will be closed.
Tickmill | No Deposit Welcome Account
The bonus requires no deposit, and is offered by a broker to new customers who open an account.
Traders can use the money to trade, but the bonus is usually not withdrawable and any profits made from bonus funds can only be withdrawn once certain conditions have been met. Other common terms and conditions include:
You should consider several factors before choosing to accept a no-deposit bonus. These include:
Regulation: You need to check that the broker is legitimate and trustworthy. Is the broker regulated, and is it authorised to offer services in your country of residence? Check whether it has a regulatory licence and then check with the regulator that licence is valid.
Terms and conditions: Read the terms and conditions of the bonus carefully. Make sure you understand the conditions related to the withdrawal of your profits. The bonus funds are often frozen, either wholly or in part, until these conditions are met.
Time limits: Bonuses often come with time limits. You may, for example, have 30 days to trade the bonus funds, before it becomes invalid.
Eligible currency pairs: Brokers might limit the use of the bonus to certain currency pairs, again underlining the need to read the conditions carefully.
Bonus amount: Brokers offer different no-deposit bonus amounts. Bonus amounts range from 30 – 150 USD, depending on the broker, so it’s worth shopping around.
You can practice trading without risking your own money: This is vital, given that Forex markets are highly complex and volatile, subject to sudden changes in price movement. Diving straight into trading your own money and little experience is a recipe for financial disaster. Using a bonus helps you build up your knowledge in a risk-free manner. You should bear in mind that the learning process may take weeks or even months.
Helps you determine how much time, effort and money you want to spend trading: Using a bonus can help you to find out whether you can actually make money trading Forex, and whether it’s something you like doing. It can also help you determine which strategies suit your trading style.
Answers to some commonly asked questions about bonuses, including advantages and disadvantages.
Only some regulators allow brokers to offer no-deposit bonuses. Regulators such as the FCA of the UK have banned the offering of bonuses. Brokers regulated by other offshore brokers allow trading bonuses, but if you have a dispute with the broker, it might be difficult to gain legal redress.
Brokers offer a variety of bonuses to attract new customers. They include:
Deposit bonus: This bonus can be used to trade and is given by Forex brokers when a trader makes a new deposit into a Forex account. Typical offers include “Deposit 500 USD, and we’ll give you 100 USD” or “We’ll match 100% of your deposit up to 1000 USD.”
Trading or volume bonus: This bonus is related to the volume of trades a trader carries out. To qualify, you will need to have traded the minimum monthly volume within a calendar month, and you will then get a rebate on your trades. It involves trading large amounts of money, so does not apply to beginners. For example, if you trade 300 million USD in a calendar month, you could receive a rebate of 10 USD per million dollars traded, which means your monthly rebate would be 3000 USD.
Cashback: This involves returning a portion of paid commissions to the trader’s account. Some brokers charge a flat commission fee – usually between 5 USD and 10 USD on each trade. A broker may offer to pay back, for example, 3 USD of the 10 USD commission they charge on a trade.
Referral bonus: Some brokers pay a cash bonus into your account when you refer a friend to their platform.
As mentioned earlier, this is one of the main disadvantages of bonuses. Forex bonus terms vary, but they generally require a trader to trade a substantial sum of money before any withdrawal can be made. You should always check the terms and conditions of the no-deposit bonus and ensure you understand the rules related to withdrawals.
Yes. You will be required to open an account, verify your email address, and provide the broker with a valid proof of address and identity document to receive the bonus.
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.
Compare the best Forex trading platforms for 2025, including MT4, MT5, cTrader, and TradingView. Find the right tools to enhance your trading experience.
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.
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.
Head of Content
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.
Financial Writer
Financial Writer
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