Many traders in Uganda use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Copy Trading App in Uganda for 2024, based on our assessments.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
MXC is a cryptocurrency exchange and P2P platform specializing in crypto/crypto trading pairs. The company offers a proprietary terminal and staking for passive investment.
FXPrimus is a broker that offers very favorable terms for independent trading and investing. In addition to an attractive range of trading assets, the company also captivates by paying increased attention to security. It is also worth noting a serious approach to the issues of analytics and education.
AvaTrade is a brokerage company that provides optimal working conditions for all traders with any skill level. The broker provides customers with security by protecting their data and finances, and they are constantly working to improve the service.
1
Best Copy Apps in Uganda - Exness
Exness is one of the world’s largest brokers, known for its competitive trading conditions, high security, and wide selection of assets. The company serves over 700,000 active clients and processes a monthly volume exceeding $4 trillion.
While specializing in currency pairs, Exness also offers CFDs on stocks, commodities, indices, and cryptocurrencies. The broker caters to all experience levels with various account types – from cent accounts and social trading for beginners to high leverage and Expert Advisor support for seasoned professionals.
Exness holds multiple international licenses, including the stringent FCA and CySEC, ensuring trader funds are protected.
With features like 24/7 support, fast withdrawals, and analytics tools, Exness strives to provide an optimal trading experience.
👍 Advantages of trading with Exness for traders in Uganda:
•Availability of 8 licenses and a membership in the Financial Commission with its own compensation fund to insure traders against losses;
•Wide choice of account types — Standard, Pro, Cent, Swap Free, and Demo;
•Wide range of CFDs, including over 100 currency pairs;
•Zero deposit and withdrawal fees;
•Proprietary platforms for active and social trading, as well as all versions of classic MT4 and MT5.
👎 Disadvantages of Exness for traders in Uganda:
•The broker’s website offers almost no educational materials;
•24/7 support isn’t available in all languages.
2
Best Copy Apps in Uganda - TeleTrade
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders in Uganda:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders in Uganda:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
3
Best Copy Apps in Uganda - MEXC
The MXC cryptocurrency exchange (MXC.com) has been operating since 2018. The company is registered in Singapore, which is a loyal digital asset jurisdiction. The platform offers clients trading and P2P exchange services. The main specialization of the trading platform is to provide clients with crypto/crypto trading services with currencies such as Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). The undoubted bright side of the platform is access to cryptocurrency ETF funds.
👍 Advantages of trading with MEXC for traders in Uganda:
•120+ cryptocurrencies for trading;
•receive additional income through staking and holding;
•an affiliate program with income up to 80% of the deposit of the invited trader.
👎 Disadvantages of MEXC for traders in Uganda:
•commissions of 0.2% per trade;
•withdrawal fees (0.0005 BTC for Bitcoin);
•lack of support for fiat currencies for trading;
•no MAM or PAMM accounts;
•mandatory verification.
4
Best Copy Apps in Uganda - FXPRIMUS
FXPrimus is a broker regulated by CySEC (Cyprus Securities and Exchange Commission, 261/14) and the VFSC (Vanuatu Financial Services Commission, 303073). It guarantees the protection of clients' assets with insurance coverage of 5 million euros. The company applies the latest systems, the task of which is to ensure a high level of data protection. Also, the company's activities are regulated by the FSC (Financial Services Commission). The broker provides clients with access to Forex and CFDs. Assets available include 43 currency pairs, four types of precious metals, energies, stocks, and market indexes. The company describes itself as one of the safest and continues to set new data protection standards to this day. FXPrimus has always prioritized security, which has allowed it to take a confident position on large trading platforms.
👍 Advantages of trading with FXPRIMUS for traders in Uganda:
•the widest range of trading assets;
•a trader's funds are insured for up to 5 million euros;
•high level of security.
👎 Disadvantages of FXPRIMUS for traders in Uganda:
•support service active 24/5;
•very rarely, but there are failures in the platform's operation that require its restart;
5
Best Copy Apps in Uganda - AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.
👍 Advantages of trading with AvaTrade for traders in Uganda:
•a wide range of trading instruments;
•there is a license for the provision of services on the territory of 5 continents;
•customer service operates around the clock and provides competent assistance to users in 14 languages;
•a wide choice of convenient trading platforms;
•ability to trade from mobile devices;
•availability of an account for representatives of Islam (swap-free);
•for reliable storage of customer funds, the broker uses a segregated account;
•option for automated trading using trading advisors, indicators, and other analysis tools;
•no restrictions on trade and scalping;
•availability of training materials and conducting webinars for beginners and experienced traders.
👎 Disadvantages of AvaTrade for traders in Uganda:
•the site interface is not user-friendly;
•customer service efficiency and response time
•trading terminals are prone to occasionally freeze.
Best Copy Trading App in Uganda 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
Exness - Education for Investors
Investment Education Online
Currently, Exness doesn’t provide training for novice traders. If you want to learn basic Forex and CFD concepts, go to the Help section of the website. To develop practical trading skills, open a demo account.
TeleTrade - Education for Investors
Investment Education Online
The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.
You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.
To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.
FXPRIMUS - Education for Investors
Investment Education Online
On the official website of FXPrimus, there are dedicated analytical and education sections available, where a trader can find useful materials as well as market analysis tools.
Each of these tools can be tested on a free training account.
AvaTrade - Education for Investors
Investment Education Online
Information
The broker’s website has the Training section, which contains hundreds of text and video materials. Among them, there is both a base intended for training beginners and deeper analytics for advanced training of experienced traders.
If you want a more effective training system, you should use a demo account. Putting theory into practice will help you gain a better understanding of the material and will enable you to use the acquired knowledge safely to generate income on a live account.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Uganda choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Copy Trading App in Uganda 2024.
| Exness | TeleTrade | MEXC | FXPRIMUS | AvaTrade | |
|---|---|---|---|---|---|
|
Overall score |
7.58 |
7.19 |
7.02 |
6.62 |
8.32 |
|
Execution of orders |
9.6 |
3.21 |
8.5 |
4.85 |
8.5 |
|
Investment instruments |
8.79 |
6.7 |
3.28 |
7.44 |
9.5 |
|
Withdrawal speed |
8.79 |
7.79 |
9.02 |
7.64 |
7.2 |
|
Customer Support work |
9.29 |
8.41 |
7.25 |
5.55 |
7.9 |
|
Variety of instruments |
8.02 |
8.75 |
7.1 |
7.02 |
10 |
|
Trading platform |
1 |
8.29 |
6.98 |
7.2 |
6.8 |
|
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FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
If a broker has several platforms, does it mean it offers several apps?
No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.