Adam Rosen - Lead financial writer
MetaTrader 4, abbreviated as MT4, is an electronic trading platform popular among Uganda online retail foreign currency speculators in Uganda. MetaQuotes Software created MT4, and it was published in 2005. Foreign exchange brokers who provide the software to their Uganda clients are granted a licence to use it.
MetaTrader 4 is most usually linked with Uganda Forex trading, it may be used to trade a variety of financial market assets through leveraged CFD trading, including forex, indices, cryptocurrencies, commodities, and stocks.
The largest Uganda MT4 Forex Brokers accept clients from several countries and provide Uganda Forex traders with trading access to worldwide financial markets not just Forex.
🤴 IC Markets is Used By: 180,000
⚡ IC Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
IC Markets Risk warning : Losses can exceed deposits
🤴 Roboforex is Used By: 10,000
⚡ Roboforex is Regulated by: RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Roboforex Risk warning : Losses can exceed deposits
🤴 AvaTrade is Used By: 200,000
⚡ AvaTrade is Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
AvaTrade Risk warning : 71% of retail CFD accounts lose money
🤴 FP Markets is Used By: 10,000
⚡ FP Markets is Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
FP Markets Risk warning : Losses can exceed deposits
🤴 NordFX is Used By: 10,000
⚡ NordFX is Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
NordFX Risk warning : Losses can exceed deposits
🤴 Pepperstone is Used By: 89,000
⚡ Pepperstone is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % 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
🤴 XM is Used By: 10,000,000
⚡ XM is Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
🤴 FXPrimus is Used By: 10,000
⚡ FXPrimus is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
FXPrimus Risk warning : Losses can exceed deposits
🤴 easyMarkets is Used By: 142,500
⚡ easyMarkets is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
easyMarkets Risk warning : Your capital is at risk
🤴 Admiral Markets is Used By: 10,000
⚡ Admiral Markets is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Jordan Securities Commission (JSC)
💵 What You Can Trade with Admiral Markets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with Admiral Markets: 148
📈 Admiral Markets Inactivity Fees: No
💰 Admiral Markets Withdrawal Fees: No
💰 Admiral Markets Payment Methods: Credit cards, Visa, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, SOFORT, Safety Pay, Przelewy, iDEAL, Klarna,
Admiral Markets Risk warning : Losses can exceed deposits
🤴 Markets.com is Used By: 4,000,000
⚡ Markets.com is Regulated by: Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), BVI Financial Services Commission (BVI FSC)
💵 What You Can Trade with Markets.com: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, Bonds,
💵 Instruments Available with Markets.com: 2200
📈 Markets.com Inactivity Fees: Yes
💰 Markets.com Withdrawal Fees: No
💰 Markets.com Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Skrill, Neteller, PayPal,
Markets.com Risk warning : 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
🤴 HYCM is Used By: 10,000
⚡ HYCM is Regulated by: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
💵 What You Can Trade with HYCM: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals,
💵 Instruments Available with HYCM: 100
📈 HYCM Inactivity Fees: Yes
💰 HYCM Withdrawal Fees: No
💰 HYCM Payment Methods: Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer,
HYCM Risk warning : Losses can exceed deposits
🤴 Swissquote is Used By: 300,000
⚡ Swissquote is Regulated by: Swiss Financial Market Supervisory Authority (FINMA), Commission de Surveillance du Secteur Financier (CSSF), Financial Conduct Authority, Dubai Financial Services Authority (DFSA), Hong Kong Securities and Futures Commission (SFC), Monetary Authority of Singapore (MAS)
💵 What You Can Trade with Swissquote: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Bonds,
💵 Instruments Available with Swissquote: 100
📈 Swissquote Inactivity Fees: No
💰 Swissquote Withdrawal Fees: $10
💰 Swissquote Payment Methods: Credit cards, Debit cards, Bank Transfer, Payoneer,
Swissquote Risk warning : Losses can exceed deposits
🤴 Eightcap is Used By: 10,000
⚡ Eightcap is Regulated by: Australian Securities and Investments Commission (ASIC), Vanuatu Financial Services Commission (VFSC)
💵 What You Can Trade with Eightcap: Forex, Minors, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Eightcap: 100
📈 Eightcap Inactivity Fees: No
💰 Eightcap Withdrawal Fees: Yes
💰 Eightcap Payment Methods: Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer,
Eightcap Risk warning : Losses can exceed deposits
🤴 FxPro is Used By: 1,866,000
⚡ FxPro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
💵 What You Can Trade with FxPro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals,
💵 Instruments Available with FxPro: 430
📈 FxPro Inactivity Fees: Yes
💰 FxPro Withdrawal Fees: No
💰 FxPro Payment Methods: Bank, Wire Transfers, Credit cards, Debit Cards, Visa, Maestro, MasterCard, American Express, eWallets, PayPal, Skrill, Neteller, UnionPay
FxPro Risk warning : 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
🤴 FX Open is Used By: 10,000
⚡ FX Open is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with FX Open: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with FX Open: 100
📈 FX Open Inactivity Fees: Yes
💰 FX Open Withdrawal Fees: Yes
💰 FX Open Payment Methods: Credit Cards, Bank Transfer, Neteller, Bitcoin, PerfectMoney, WebMoney, UnionPay, FasaPay, Payza, QIWI, SOFORT, Giropay, Debit cards,
FX Open Risk warning : Your capital is at risk
🤴 GCI Financial LLC is Used By: 10,000
⚡ GCI Financial LLC is Regulated by: Unregulated
💵 What You Can Trade with GCI Financial LLC: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with GCI Financial LLC: 126
📈 GCI Financial LLC Inactivity Fees:
💰 GCI Financial LLC Withdrawal Fees: No
💰 GCI Financial LLC Payment Methods: Credit cards, Skrill, Neteller,
GCI Financial LLC Risk warning : Your capital is at risk
🤴 HF Markets is Used By: 10,000
⚡ HF Markets is Regulated by: Financial Conduct Authority (FCA)
💵 What You Can Trade with HF Markets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with HF Markets: 137
📈 HF Markets Inactivity Fees:
💰 HF Markets Withdrawal Fees: varies
💰 HF Markets Payment Methods: Credit cards, Skrill, Neteller, Bitcoins, Bank Transfer,
HF Markets Risk warning : Your capital is at risk
🤴 IFC Markets is Used By: 10,000
⚡ IFC Markets is Regulated by: British Virgin Islands Financial Services Commission (BVI), Labuan Financial Services Authority
💵 What You Can Trade with IFC Markets: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with IFC Markets: 143
📈 IFC Markets Inactivity Fees:
💰 IFC Markets Withdrawal Fees: $30
💰 IFC Markets Payment Methods: Credit cards, Debit cards, Bank Transfers, Electronic wallets (eWallets), Skrill, Neteller, Internal Transfer, Bitcon, Perfect Money, Pasargad Novin, TopChange, Bitwallet, Neteller, WebMoney,
IFC Markets Risk warning : Your capital is at risk
🤴 Instaforex is Used By: 10,000
⚡ Instaforex is Regulated by: Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with Instaforex: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with Instaforex: 144
📈 Instaforex Inactivity Fees:
💰 Instaforex Withdrawal Fees: varies
💰 Instaforex Payment Methods: Neteller, Credit cards, Debit cards, Bank wire, PayCo, BitCoin, LiteCoin, Tether, Bank Transfers,
Instaforex Risk warning : Your capital is at risk
MT4 offers Uganda traders access to a list of technical trading tools which help analysis and spotting trends.
When used correctly, an expert adviser, which is made up of sophisticated scripts, can be a data-driven tool that can increase a trader's activity levels. Expert adviser support is simple in MT4, which means a trader can add and delete them at any time.
Uganda Forex traders can use advanced platforms like MetaTrader 4 to trade. This software is becoming increasingly popular in Uganda.
MT4 was created with Uganda forex traders in mind, and its features and capabilities reflect that. MT4 is one of the most popular Forex trading software platforms for Uganda traders. Contract-for-difference (CFD), stock, and futures trading are all possible with MT4.
The MT4 server is far more advanced than some other Forex platforms, in the rest of the industry. MT4 can handle tens of thousands of Uganda trades at once. Uganda MT4 trader computer resources needed are at a minimum. Even with a poor internet bandwidth, the MT4 requires relatively little resources from your computer and performs well.
The initial deposit amount in Uganda UGX currency differs from one Uganda MT4 broker to the next. Amounts as low as 0 to 100 UGX can be used as a minimum.
MetaTrader is available for download to Uganda traders and use at no cost. Additional plugins, data and features may have an additional cost to Uganda traders. MetaTrader is a famous trading platform that has been available since 2005.
The Uganda MT4 forex broker will charge a commission per trade or a spread in exchange for executing buy or sell orders. Uganda MT4 Forex brokers make their money in this manner. The spread is the difference between the trade's bid and ask prices.
MetaTrader 4 is a secure platform for Uganda traders. While making investments and trades using the platform, it encrypts all data between the Uganda trader and the server and hides your IP address.
MT4 is good for beginner Uganda Forex traders. MT4 is an excellent Uganda forex trading platform; it is user-friendly and offers a variety of features, including automatic trading, multiple chart configuration with integrated and easy-to-use charts, and more than 100 pre-installed indicators.
MT4 is software, your outstanding balance is with your Uganda MT4 broker. You can fund or withdraw from your Uganda MT4 account by login into your Uganda MT4 broker dashboard. You can also use your other Uganda MT4 Forex accounts to transfer funds to and from your MT4 account.
All reputable well regulated Uganda MT4 Forex brokers will offer demo accounts allowing you to trade virtually using demo money, with no risk. A Uganda MT4 Forex demo account requires no real capital outlay, only a real Uganda MT4 account requires funding before you can start trading.
Scams involving the MT4 MetaTrader platform have nothing to do with the platform software itself; Metatrader is not a fraud Forex trading software platform in itself. MT4 is 3rd party software used by companies offering financial market trading services. Check to see if your MT4 Forex broker in Uganda is well-regulated. It's a good sign if a Uganda MT4 Forex broker is regulated in various European nations. On the regulator's website, see if your Uganda MT4 Forex broker is regulated.
It takes an average of one year for Uganda MT4 Forex Traders learn how to trade. The technical side can be picked up in a matter of weeks for some, but risk management will take over year to fully understand. The vast majority of Uganda traders give up before ever learning to trade properly. The more experienced you are as a Uganda MT4 Forex trader, the more likely you are to be able to limit your risks.
Uganda Forex trading is less regulated than stock trading, and Uganda Forex traders are able to access leverage. Instead of trading a real single stock, Uganda Forex trading uses currency pairs, which means the Uganda Forex trade with the Uganda MT4 broker is based on the performance of two country economies.
Stock movement is riskier and harder to anticipate than Uganda currency trading on MT4. Uganda Stock investors use the fundamentals of a company's stock to estimate future values, but the value of a country's currency is influenced by a number of other factors. Forex trading requires skill and experience from Uganda traders.
For Uganda MT4 Forex traders new to trading you should not use any leverage. Leverage is considered high risk. For more experienced Uganda MT4 traders a 1:10 leverage and a $5,000 USD balance. Leverage greater than 1 to 10 is very high risk and you should clearly understand what you are doing.
Uganda Forex trading is sometimes misunderstood as a simple way to make money, it is not. Forex trading for Uganda MT4 traders is complex but can be rewarding once you gain experience. Although the Uganda and global foreign exchange market is the world's largest and most liquid, trading currency is not the same as trading equities or commodities. You will need to invest the time in learning how the currency markets work if you are to have any success as a Uganda MT4 Forex trader.
If Uganda isn’t quite what you are looking for you can check out some of the best Uganda alternatives below.
If you would like to see Uganda compared against some of the best Uganda MT4 Forex Broker alternatives available right now you can do so by clicking on the links below.