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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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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, TradingView | |||
 | 20% Welome Bonus on Deposits over $200. | USD 100 | 30:1 | Excellent | MT4, MT5, Avatrade Social, AvaOptions | |||
 | No Deposit Bonus and 20% Top-Up Bonus | USD 0 | 2000:1 | Excellent | MT4, MT5, HFM Trading App |
Select another broker to another broker to compare features, fees, and platforms side by side.
Find Your Ideal Forex Broker
0.7 pips
FSC, ASIC
USD 5
FBS App, MT5, MT4
3000:1
FBS | Best for traders who want flexible deposit bonuses and low starting requirements
FxScouts
YouTube
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0.6 pips
DFSA, FSC, FSCA, ASIC, CySEC
USD 5
MT5, MT4
30:1
XM | Best for traders who want structured bonuses and loyalty rewards
FxScouts
YouTube
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0.0 pips
FSA-Seychelles, DFSA, FSCA, FCA, CySEC
USD 100
TradingView, MT5, MT4
30:1
Tickmill | Best for traders who prioritise low-cost trading
FxScouts
YouTube
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0.9 pips
ISA, FRSA, CBI, FSA-Japan, FSCA, ASIC, CySEC
USD 100
AvaOptions, Avatrade Social, MT5, MT4
30:1
AvaTrade | Best for regulated cashback bonuses with transparent terms
FxScouts
YouTube
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0.0 pips
CMA, FSA-Seychelles, FSC, DFSA, FSCA, FCA
USD 0
HFM Trading App, MT5, MT4
2000:1
Select another broker to another broker to compare features, fees, and platforms side by side.
Forex bonuses vary in structure and purpose. Below are the main types of bonuses you may come across.
A no-deposit bonus is provided to new traders without the need to fund an account. It allows traders to experience live market conditions with real funds, but withdrawals are usually only possible after meeting specific trading requirements.
This type of bonus is awarded when you fund your trading account. Some brokers offer a fixed bonus, while others match a percentage of your deposit. For example, “Deposit 1,000,000 UGX and receive a 30% bonus.” While the bonus can increase your trading capital, you may not be able to withdraw it, and profits might only be released after meeting set conditions.
Some brokers offer a cash rebate or reward based on your trading activity. These are typically aimed at high-volume traders. For example, if you trade over 100 million USD in a calendar month, you may receive a rebate of 10 USD per million traded.
These programs return part of the trading cost (such as commissions or spreads) to the trader’s account. Cashback is usually credited automatically and can either be withdrawn or used for further trading.
Some brokers offer a reward for referring new clients. You may receive a fixed amount, or a percentage of your referral’s trading activity, once they meet certain trading milestones.
Aimed at returning clients, these bonuses are often awarded when a trader makes subsequent deposits or reaches trading milestones. Some brokers also run point-based loyalty schemes that offer cash or non-cash rewards.
In order to accept your Forex bonus, you will also have to accept all the terms and conditions. Below is an exhaustive list of the terms and conditions that could apply to your no-deposit bonus. Not all of these may apply, so always read the small print before signing up:
Always read the full terms and conditions before accepting a bonus offer.
When evaluating whether to accept a forex trading bonus, consider the following:
Below are some of the most common questions people have about Forex trading bonuses.
Yes, though it depends on the regulator. For example, the FCA in the UK and European regulators do not allow brokers to offer bonuses, while the FSCA in South Africa does. When dealing with brokers regulated offshore, traders should be cautious, as protection may be limited.
In most cases, yes, but only after meeting specific trading requirements. These may include minimum trade volumes or profit thresholds. Some brokers may restrict withdrawals entirely until conditions are fulfilled.
Yes. Most brokers require full account verification, including proof of identity and proof of address, before releasing any bonus funds or allowing withdrawals.
No-deposit bonuses can be helpful for beginners to test a platform in live market conditions. However, deposit or volume-based bonuses are usually more suitable for experienced traders who can meet the required conditions.
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.
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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