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 Mobile 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.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
Binance is one of the most popular cryptocurrency exchanges with its proprietary platform based on the TradingView toolkit. It is good for diversifying risks for active cryptocurrency traders.
Binary is the right broker for those who appreciate a variety of financial instruments. Due to the low minimum deposit, the company is suitable for novice traders who do not want to risk large amounts of money.
The trading conditions provided by the company are not suitable for beginners and are more focused on professional traders.
1
Best Mobile 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 Mobile Apps in Uganda - FBS
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
👍 Advantages of trading with FBS for traders in Uganda:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders in Uganda:
•no cryptocurrency;
•auto copying is not available;
•no PAMM accounts;
•not suitable for short-term trading, such as scalping;
•the support service works in a limited number of languages;
•only two real accounts.
3
Best Mobile Apps in Uganda - Binance
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit). More about Binance Card
👍 Advantages of trading with Binance for traders in Uganda:
•low commissions due to liquidity and trading volumes.
•high platform performance;
•proprietary BNB Coin which allows Binance to reduce the commission size;
•a proprietary cold wallet guarantees the security of your crypto assets by storing them.
👎 Disadvantages of Binance for traders in Uganda:
•complex verification procedure;
•the exchange is not licensed by a regulator;
•The platform can go offline without warning;
•there are complaints about the technical functionality of the platform;
•there is an intricate mechanism for calculating commissions and rewards (grid system Maker/Taker).
4
Best Mobile Apps in Uganda - Binary.com
Deriv (Binary.com) offers trading services with a focus on derivative products like binary options and CFDs. The company has a history that dates back to 1999 and is regulated by several entities including the Malta Financial Services Authority (MFSA).
The broker also offers competitive fees and a low minimum deposit, making it accessible to traders with varying budget sizes. Flexible trade duration varies from 1s to 365d.
Deriv Multipliers blend the potential gains of leveraged trading with the controlled risk associated with options. This trading type allows traders to increase their market exposure while managing risks with built-in features like stop-loss and take-profit orders. Multipliers provide a balance between high-risk trading and traditional instruments.
👍 Advantages of trading with Binary.com for traders in Uganda:
•extensive experience (the company has been operating for more than 20 years) and the availability of a regulator;
•the minimum amount for replenishing and opening a bid is $5 and $1, respectively.
👎 Disadvantages of Binary.com for traders in Uganda:
•online chat for support is not available on the company's website;
•no cent account;
•sometimes there are platform failures;
•there is no trust management accounts;
•sometimes there are delays in the withdrawal of funds;
•some clients have difficulties with the registration process;
•sometimes technical support takes a long time to respond.
5
Best Mobile Apps in Uganda - Gerchik&Co
Gerchik&Co was founded in 2015 by Ukrainian traders Oleksandr Gerchik and Ivan Kroshny and began operations in July of that year. Initially, it focused on the Commonwealth of Independent States (CIS, a Post-Soviet Union regional intergovernmental organization consisting of 9 countries in Eurasia) before expanding to the European level.
In November 2015, Gerchik&Co was recognized as the "Fastest Growing Broker" by the Mena 15th Forex Show. Based on the results of an independent vote by Russian Trading Day Money, the company received the "Breakthrough of the Year" award in December 2015, and Oleksandr Gerchik obtained the title of "Best Speaker" in the same month. To protect its clients' interests, the company also cooperates with the Traders Union and the International Financial Commission.
👍 Advantages of trading with Gerchik&Co for traders in Uganda:
•more than 360 trading instruments;
•permission to use expert advisors and other tools for technical analysis and trade automation;
•high order execution and market operation speed, achieved through collaboration with 15 liquidity providers.
👎 Disadvantages of Gerchik&Co for traders in Uganda:
•a high minimum deposit of $100, which is inaccessible to beginners.
•MetaTrader 4 and MetaTrader 5 trading platforms;
•no apps for mobile trading, only the mobile version of the website is available.
•small leverage — 1:100;
•many quotes provided by the broker are inaccurate;
•strict user conditions in the Terms of Agreement;
•trading on weekends is not possible.
Best Mobile 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.
FBS - Education for Investors
Investment Education Online
The FBS website has an impressive training section where everyone can get the information they need to trade successfully on Forex and beyond. The broker provides a quick guide to Forex, tips for traders, and video tutorials. The company also conducts webinars. The section is divided into levels for beginners, elementary, intermediate, and advanced levels.
To practice the knowledge gained on the FBS website, the specialists of the brokerage company recommend opening a demo account. You can practice on it without risking real money. The next step is to open a cent account which will allow you to trade in the real market, but with lower risks than on a standard account.
To support traders, a separate analytical section with an economic calendar, a currency converter, and calculators have been created on the site.
Binary.com - Education for Investors
Investment Education Online
Information
The Binary website has an educational section where you can get the information you need to trade options, currency pairs, and futures contracts, as well as metals successfully.
To use in practice the knowledge that the trader received on the Binary website, the experts of the brokerage company recommend opening a demo account. Training on a free practice account will give novice traders the experience and skills to trade on a real account.
Gerchik&Co - Education for Investors
Investment Education Online
The brokerage company offers its clients not only trading functionality, but also educational materials that will assist them in understanding the nuances of the Forex market and making their trading more efficient and profitable.
For more effective education, it is recommended to use the acquired knowledge on a demo account. There, you can get practice while avoiding a loss. This method of knowledge consolidation is suitable for both beginners who need training before trading on a real account and experienced traders who are testing a new trading strategy.
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 Mobile Trading App in Uganda 2024.
Exness | FBS | Binance | Binary.com | Gerchik&Co | |
---|---|---|---|---|---|
Overall score |
7.58 |
8.28 |
7.76 |
8.11 |
6.49 |
Execution of orders |
9.6 |
9.5 |
9.1 |
9.82 |
2.79 |
Investment instruments |
8.79 |
6.96 |
3.15 |
9.54 |
5.97 |
Withdrawal speed |
8.79 |
9.57 |
7.61 |
10 |
7.43 |
Customer Support work |
9.29 |
7.58 |
8.97 |
5.41 |
8.85 |
Variety of instruments |
8.02 |
7.02 |
9.48 |
5.12 |
8.75 |
Trading platform |
1 |
9.03 |
8.23 |
8.76 |
5.14 |
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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.
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
Are there updates for the apps of brokers?
Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
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.