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Updated: April 5, 2024Last Updated On April 5, 2024
Having a reliable Forex trading app is important for all Forex traders. Whether you’re a beginner or a professional, being able to check market data and adjust trades on your phone is an essential part of your trading day.
These are the best Forex trading apps of 2024 designed for Ugandan traders of all levels. With this comprehensive list, you’ll gain a better understanding of the top Forex apps and their features, helping you find the right one to your fit your trading style. From risk-managements tools to advanced analysis, you will find everything you need from these apps for Forex trading on the go.
Best Forex Trading Apps 2024
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Broker | Broker Score | Apple Score | Google Score | Licenced by | Mobile App | Official Site | Compare |
|---|---|---|---|---|---|---|---|
 | 4.59 /5 Read Review |   | |      | AvatradeGo | Visit Broker > | |
 | 4.45 /5 Read Review |  | |    | XM App | Visit Broker > | |
 | 4.61 /5 Read Review | | |   | MT5 App | Visit Broker > | |
 | 4.53 /5 Read Review | | |   | HF App | Visit Broker > | |
 | 4.27 /5 Read Review | | | | FXTM Trader | Visit Broker > | |
 | 4.40 /5 Read Review | | |  | FP Markets App | Visit Broker > | |
 | 4.33 /5 Read Review | | | | FBS Trader | Visit Broker > | |
 | 4.39 /5 Read Review | | |  | xStation App | Visit Broker > | |
 | 4.37 /5 Read Review | | |  | Skilling Trading App | Visit Broker > |
What is a Forex trading app?
A Forex trading app is an application you can download to your phone or tablet that allows you to trade Forex and other financial instruments. Forex trading apps are usually offered free by Forex brokers. Some apps are proprietary, which means they are developed in-house by a broker. But many popular apps are developed by third-party companies. Proprietary Forex trading apps are usually easier to set up and use by beginners.
Forex trading apps will let you open a demo or trading account with the broker, buy and sell instruments, deposit and withdraw funds from your broker, provide real-time market data, display news and analysis, and provide price alerts and other tools to manage your risk.
What is the difference between a Forex trading app and a Forex trading platform?
Forex trading apps are available on mobile devices, while Forex trading platforms run on desktop computers. Otherwise, they perform the same function. Both allow you to trade on financial markets and will connect to your broker’s trading system. Desktop trading platforms tend to have more features and tools than trading apps and are favoured by experienced traders who require more in-depth technical analysis and advanced order types.
Best Forex Trading App Reviews 2024
To test these mobile apps, we downloaded and installed them on Android and iOS devices and connected our live trading accounts. While trading on the mobile apps, we tested the platform’s stability and execution speed. We also compared their fees and checked how easy it was to deposit and withdraw money from our trading account. We only work with well-regulated brokers with a good reputation for treating their clients fairly. Want to know more about our in-depth review process? Click here to find out.
These are the best Forex Trading Apps in Uganda for 2024, as determined by our comprehensive review process.
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AvaTrade – Best Trading App for Risk Management
AvaTrade’s flagship mobile app, AvaTradeGo, has an excellent dashboard with easy trade management tools, clear charts, and a Market Trends feature to monitor trading trends within the AvaTrade community. It also features AvaTrade’s AvaProtect tool, which provides loss protection for a limited time: Any losses are fully refunded, but any gains are the traders to keep. AvaTrade’s fees are some of the lowest for an account with a 100 USD minimum deposit – as low as 0.90 pips on the EUR/USD.
AVATRADEGO FEATURES
- Choose from over 1,000 instruments to trade, including Forex pairs, Commodities, Stocks, Cryptocurrencies and more
- Market Trends: Monitor social trends, see what other traders buy and sell, and stay on top of your trades
- Secure deposits, FSCA-regulated and 24/5 Customer Support
Accepts Ugandan Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.XM – Fastest Execution Speed
XM is a well-regulated broker supporting MT4 and MT5 native XM apps with three account types: A Micro Account, Standard Account and a commission-based XM Zero Account with super-tight spreads. Each account offers tight spreads, with the EUR/USD starting at 1.6 pips on the Micro and Standard Account. The XM Zero Account has spreads down to 0.1 pips with a commission of 7 USD round trip. For beginners, education and research are some of the best globally.
XM APP FEATURES
- Both MT4 and MT5 trading platforms are available as apps
- Trade on Forex, stock CFDs, commodities, shares, precious metals and energies
- 99% of trades are executed in less than a second with a 100% execution rate. No re-quotes or rejections of orders.
Accepts Ugandan Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the Belize FSC.Pepperstone – Best Mobile Apps for EAs and Scalpers
A world-renowned broker, Pepperstone offers mobile support, strong regulation and two simple accounts with ECN execution. Most orders are executed in less than 30 milliseconds, which is ideal for scalpers and clients who run expert advisors. The Standard Account is commission-free, and spreads on the EUR/USD is starting at 1.00 pips. The Razor Account charges a 7 USD round turn commission, but the average spread on the EUR/USD is 0.10 pips – about as close as traders can get to zero spread as possible.
The Pepperstone trading apps come with live quotes, real-time charts, in-depth news, and analytics. Pepperstone also offers a package of Smart Trader Tools, VPS services, Capitalise.ai, and all users will get access to Autochartist – a powerful pattern recognition plugin that automatically identifies trading opportunities based on price trends.
Accepts Ugandan Clients. Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, CySEC, SCB, CMA, BaFin and the DFSA.HFM (HotForex) – Best App for Forex Analysis
HF App: HFM’s HF App features include in-app fund transfers, advanced charting, and access to HFM’s copy-trading accounts. Other app features include a live rate stream for CFDs on Forex, commodities, stocks and indices, a market news stream and the latest analysis published by the HotForex research team. While you will need the HFM MT4 or MT5 app to trade, the HF App is a fantastic analysis companion for any HFM client.
Trusted FSCA Broker HFM offers trading on Forex, cryptocurrency, commodities, indices, shares, bonds, and ETFs.
HFM FEATURES
- Micro Account: with a 5 USD minimum deposit, fast market execution and spreads starting at 1 pip.
- Analytical tools: Daily Market Analysis from experts, a market sentiment tool, and Trader’s Board – a detailed look at the world’s markets with volume indicators and live charts.
- Trading calculators, an economic calendar, and information on upcoming live webinars with reservation functionality.
- A dedicated section for copy-trading: Monitor the status of investments, allocate funds and manage your portfolio.
Accepts Ugandan Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 2000:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA.FXTM – Best App for Automated Trading
Founded in 2011 and regulated by the UK’s FCA and the FSC in Mauritius, FXTM is an established Forex and CFD broker. Through the FXTM Trader mobile app, traders can access FXTM’s complete range of CFDs, including Forex, spot metals, 180 company shares, commodities, indices and cryptocurrencies. With FXTM Trader you can open and close positions in seconds, fetch live currency rates, manage your trading accounts, and supervise your FXTM Invest copy-trading account.
FXTM TRADER FEATURES
- Monitor your FXTM Invest, FXTM’s leading copy trading system
- Micro Account with a 10 USD minimum deposit
- Trading on Forex, commodities, metals, stocks, and indices
- Access to the MyFXTM dashboard, letting you deposit, withdraw and monitor your funds in seconds
- Enable 1-click trading for even quicker buying and selling
Accepts Ugandan Clients. Average spread EUR/USD 1.50 pips on trading account with lowest minimum deposit. Max leverage 2000:1. Islamic account available. MT4 & MT5 platforms supported. FXTM is regulated by CMA, FCA, FSCA, and the FSC.FP Markets – Best Forex Trading App
FP Markets is a leading ASIC-regulated STP broker, providing tight spreads on their RAW Account and the choice of MT4, MT5 and cTrader trading platforms. The FP Markets Trading App is a proprietary mobile trading platform incorporating the best of MT4, MT5, and cTrader in an easy-to-use and intuitive trading experience. The feature-packed trading app is available on all iOS and Android devices.
Use the FP Markets Trading App to CFDs across shares, indices, commodities, futures, cryptocurrencies, and 60+ currency pairs. One-click trading is available in-app, alongside advanced market analysis using charting tools and a range of technical indicators. The app is fully customisable to suit the preferences of all experience levels of traders.
Accepts Ugandan Clients. Average spread EUR/USD 0.10 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, cTrader & IRESS platforms supported. FP Markets is regulated by the FSCA, CySEC, and ASIC.FBS – Highest Leverage Mobile Trading
FBS Trader app: FBS is a hybrid STP/ECN broker offering trading on Forex, commodities, cryptocurrencies, metals, and equities on the MT4 and MT5 trading platforms and the FBS Trader app. The new FBS Trader app offers an all-in-one multi-asset trading platform for online trading anywhere.
Good Trading Conditions:
Regulated by the FSCA in South Africa, with five different live accounts for all levels of traders, and a minimum deposit of 1 USD on its smallest account, clients have access leverage of up to 3000:1 on most accounts.
FBS TRADER FEATURES
- More than 100 global and local payment methods. Deposit and withdraw at any time, 24/7
- 20% Cashback for every order on trading Forex, stocks, and other assets
- 24/7 chat support and demo trading from inside the app
- Trade over 35 crypto pairs and crypto crosses 24/7
Accepts Ugandan Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. FBS is regulated by CySEC, ASIC, FSCA, and the IFSC.XTB – Best Regulated Mobile Forex App
Broker Score
4.39 / 5
4.39 / 5| 🏦 Min. Deposit | USD 0 |
| 🛡️ Regulated By | CySEC, FCA, DFSA, FSC |
| 💵 Trading Cost | USD 7 |
| ⚖️ Max. Leverage | 30:1 |
| 💹 Copy Trading | No |
| 🖥️ Platforms | xStation5 |
| 💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices |
xStation Mobile App: XTB has successfully incorporated many of its desktop xStation trading platform’s features into the xStation mobile app. The transparent charts (also available horizontally) allow clients to track market movements accurately with a smooth and intuitive design.
Highly Regulated: Regulated by the FSCA in South Africa; the FCA in the UK; CySEC, PSEC and CNMV in Europe; and the IFSC in Belize, XTB is one of the best-regulated brokers in the world. XTB offers trading on over 4148 financial assets, including Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies. XTB has relatively low fees compared to many brokers, with no minimum deposit requirement and spreads averaging 0.9 pips (EUR/USD).
XSTATION APP FEATURES
- Access XTB’s award-winning market analysis and market sentiment from inside the app
- Control your take-profit and stop-loss directly on the chart or through the integrated trading calculator
- Filter instrument classes and set favourites with the market analysis dashboard.
- Fully customisable layout. Traders can also choose between light and dark mode, saving battery and keeping clarity.
Accepts Ugandan Clients. Average spread EUR/USD 0.70 pips on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. xStation5 platform supported. XTB Group is regulated by CySEC, FCA, the DFSA, the FSCA, and the IFSCSkilling – Best Trading App for Beginners
Available on both Android and iOS devices, the Skilling Trader app is well-designed. Beginners will find that it is easy to use and includes a Trading Assistant that walks you through the app. The app allows traders to easily transfer, withdraw and deposit funds, search for instruments, and create watchlists. It also has a huge range of technical indicators and charts in multiple time frames. We also enjoyed how easy it was to execute orders, and all of Skilling’s educational materials and market news are available on the app.
SKILLING TRADER FEATURES
- Spreads start at 0.8 pips with no commission
- 100 EUR minimum deposit, Maximum leverage of 500:1
- One Account. Two Platforms: Seamless integration between Skilling Trader and cTrader,
- The choice of two platforms from a single trading account with the same margin, same wallet, and same trading conditions.
Accepts Ugandan Clients. Average spread EUR/USD 0.70 pips on the trading account with lowest minimum deposit. Max leverage 30:1.MT4, Skilling, and cTrader platforms supported. Skilling is regulated by CySEC and the FSA-Seychelles.How to Choose a Forex Trading App
With the right Forex trading app, you can stay up to date with the latest market news, access charts, conduct technical analysis, and carry out trades all from the convenience of your smartphone or tablet. But with so many apps out there, how do you choose the best Forex trading app for you? Here are a few important things to consider:
- Regulation and Security: Ensure you choose an app from a well-regulated Forex broker with a good reputation. Well-regulated provide secure trading environments and are transparent about their fees, commissions, and risk management policies.
- Fees: This includes any commission charges, spreads, or other costs associated with using the app, such as rollover fees and deposit and withdrawal fees. Always make sure you understand your broker’s fee structure before starting trading.
- User-Friendly: You don’t want an app that’s too complicated and difficult to use. Look for an app that is user-friendly with an intuitive design that provides a streamlined trading experience. Many good brokers provide tutorial walk-throughs of their apps to help you get on your feet.
- Trading Execution: Your app should be fast and reliable, meaning orders can be placed, closed and managed almost instantly. Apps with poor trade execution can greatly increase risk and may lead to higher losses.
- Tools and Features: Ensure the app has the tools to maximise your trading opportunities. Does it offer real-time market data? Does it have advanced charting capabilities? Does it offer automated trading? Can you conduct technical analysis? Can you set automated price alerts? Knowing the features you want will help you narrow down your choice of app.
- Demo Accounts: Choose an app with a free demo account that allows you to test out its features and see whether it meets your trading needs. You can also test out your trading strategies in real market conditions before using real money.
- Financial Instruments: Many brokers only allow traders to trade on a portion of the instruments available on the desktop and browser versions of the platform. Consider whether the instruments you prefer trading are available on the app.
What is the best Forex trading App?
It’s impossible to say which trading app is best as traders have different priorities, but AvaTrade’s trading app, AvaTradeGo, provides a smooth trading experience with a sophisticated dashboard, complete with a set of intuitive risk-management tools, clear charts, zoom for details, and many more helpful features unique to this app.
Which is the Best Forex Trading App for Beginners?
The best trading apps for beginners are easy to set up and use and have built-in educational resources. In our testing, we found that the Skilling Trader App has many helpful features for beginners. Not only is it easy to use, but it also includes a Trading Assistant that walks you through the app features. Traders can easily transfer, withdraw and deposit funds, search for instruments, create watchlists, and all of Skilling’s educational materials and market news are available on the app.
Are Trading Apps Safe?
All Forex and CFD trading comes with a high degree of risk of losing all the money in your trading account. In terms of app security, as long as you download an app from a well-regulated broker and protect your trading account with a strong password and two-factor authentication, your Forex trading app should be secure from hackers.
What are the Pros and Cons of using a Trading App?
While there are a few advantages to using trading apps, such as being able to respond immediately to market movements wherever you are, there are also disadvantages to be aware of, such as the risk of overtrading and trading while distracted.
Pros:
- Immediately Responding to Price Changes: Trading apps allow you to respond to market movements in an instant. Rather than having to wait until you are at your PC to take advantage of price movements, you can open or close an order immediately with a tap of your screen.
- Convenience: Before smartphone trading apps, it was a huge risk to leave your desk with an open trading position. But now, all aspects of Forex trading can be achieved via a trading app. Most apps will allow you to open and close positions, analyse the market and keep abreast of breaking news.
Cons:
- Distraction: Mobile devices are designed to be with you when you are doing other things. But trading while you are doing other tasks is not encouraged. If you are trading on a mobile device, make sure you have taken the time and space to judge your trading decisions.
- Overtrading: Often, the best move when trading is to do nothing. But with the convenience of a mobile trading app, you may be tempted to trade too often, or in a way you would not usually do.
- Execution Speed: With 5G or Wi-Fi, execution speeds on mobile trading apps are generally good, but if your signal drops out, any kind of precision trading will be at risk. Mobile networks are getting faster all the time, but there will always be a delay relative to a desktop trading environment.
- Screen Size and Chart Limitations: Professional traders use two monitors with multiple charts and often hold numerous open trades. You cannot do this on a small mobile screen without the risk of missing important details. Mobile traders should try to limit the number of open trades and be aware of the charting limitations on their trading app
Does MetaTrader have an App?
Yes, both MetaTrader 4 and MetaTrader 5 are available as trading apps for Android devices from the Google Play store. Apple removed the MetaTrader apps from its App Store in September 2022, following claims of misuse.
Forex Risk Disclaimer
Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. Forex and CFD transactions involve high risk due to the following factors: Leverage, market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection. Traders should not deposit any money that is not considered disposable income. Regardless of how much research you have done or how confident you are in your trade, there is always a substantial risk of loss. (Learn more about these risks from the UK’s regulator, the FCA, or the Australian regulator, ASIC).
Our Rating & Review Methodology
Our State of the Market Report and Directory of CFD Brokers to Avoid are the result of extensive research on over 180 Forex brokers. These resources help traders find the best Forex brokers – and steer them away from the worst ones. These resources have been compiled using over 200 data points on each broker and over 3000 hours of research. Our team conducts all research independently: Testing brokers, gathering information from broker representatives and sifting through legal documents. Learn more about how we rank brokers.
Editorial Team
Chris Cammack
Head of Content
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison Heyerdahl
Senior Financial Writer
Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.
Ida Hermansen
Financial Writer
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
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