PAMM accounts are a way to earn passive income, which both beginners and professional investors can use. Traders Union have conducted a detailed analysis of the brokers offering this option. The experts compared the companies, their trading conditions for PAMM accounts and general trading conditions. The rating features the most reliable companies in Uganda that offer passive income under good conditions.
The Most reliable brokers of Uganda by TU include the following:
Admirals is a suitable broker for both beginner traders as well as professional traders.
The Alpari broker focuses on traders with all levels of experience and provides clients with reasonable conditions for both active trading and investment.
Attention! The company does not participate in the cashback program.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Forex4you is an all-in-one broker for active and passive trading, rates well for both novice traders and professional level traders.
OANDA is the optimal broker for experienced traders and professionals. However, it should be noted that the broker focuses primarily on English-speaking clients.
Best PAMM brokers in Uganda in 2024
| Admirals | Alpari (UK) | RoboForex | Forex4you | OANDA | |
|---|---|---|---|---|---|
Trading platform |
МТ4, MT5, MetaTrader Supreme Edition, WebTrader |
MetaTrader 4, MetaTrader 5 |
МТ4, МТ5, R StocksTrader, R MobileTrader, R WebTrader |
МТ4, Forex4you, МТ5 |
MetaTrader 4, WebTerminal MT4, MT5, fxTrade |
Min deposit |
$250 |
$1 |
$10 |
$0 |
$0 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Spread |
From 0.5 points |
From 0.2 points |
From 0.0 points |
From 0.1 points |
From 0.0 points |
Level of margin call / stop out |
50% / 0% |
50% / 10% |
60% / 40% |
100% / 20% |
0% / 50% |
Execution of orders |
Exchange execution, Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
Cent accounts |
No |
No |
Yes |
Yes |
No |
A PAMM account provides passive income for traders regardless of their experience. The income is ensured by a professional manager. Only one person can manage the account, while an unlimited number of investors can invest in such an account. The manager can invest in any assets, for example Forex, cryptocurrencies, etc.
It is important to know that the manager does not interact with the investor money directly and does not have access to it. He opens a position with his own funds, while the money of the clients is added by the system. The manager is not restricted in his choice of the trading strategy. The profit is distributed proportionally to the investments. Each PAMM account has a profitability rate, which investors are guided by when starting to work.
1
Best PAMM broker in Uganda - Admirals
Admirals was founded in 2001. In more than 20 years of operation, a regional Estonian broker has grown into an international financial group of companies providing access to over-the-counter markets in more than 130 countries, as well as to exchange-traded stock instruments. Following the 2021 rebranding, Admirals became Admirals. The updated platform received new integrated risk management solutions.
The Admirals group of companies comprises:
-
Admirals AU Pty Ltd.
-
Admirals UK Ltd.
-
Admirals Cyprus Ltd.
-
Admirals AS Jordan Ltd.
Regulators of the Admirals group of companies include FCA (UK, 595450), CySEC (Cyprus, 201/13), ASIC (Australia, 410681), JSC (Jordan, 57026), and CIPC (South Africa, 2019 / 620981 / 07).
👍 Advantages of trading with Admirals for traders from Uganda:
•5,000+ trading assets, with stock assets trading on exchange markets available.
•The company’s proprietary social trading platform (copy trading).
•Relatively tight spreads on most assets.
•The company’s own Supreme Edition plug-in for MT4 and MT5, which expands their technical and chart functionality.
•FCA and CySec licenses, which are the most reputable regulators.
•Compensation fund with insurance coverage of up to €20,000 per trader.
•Relatively low initial deposit that provides for opening trades within risk management subject to leverage.
👎 Disadvantages of Admirals for traders from Uganda:
•Restrictions on leverage for retail traders without the “professional” status as required by regulators.
•Withdrawal fee is charged.
Admirals Commissions & Fees for traders from Uganda
It is important to know the commissions and fees brokers charge if you plan to invest not only in PAMM accounts, but also to trade.The number of the managers offering their services on the platform directly depends on the level of the broker’s fees.
Admirals Commissions and Fees in Uganda
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Trade MT4/MT5 |
from $5 |
Yes |
Zero MT4/MT5 |
from $0 |
Yes |
Zero MT4/MT5 |
from $0 |
Yes |
2
Best PAMM broker in Uganda - Alpari (UK)
The Alpari broker has been providing financial services in the international foreign exchange market since 1998. The company's services include both active Forex trading and investment offers. The broker is registered in the territory of Saint Vincent and the Grenadines. Its license is № 20389 IBC 2012, issued by the Registrar of International Business Companies. The Company is also a member of The Financial Commission, which handles the settlement of disputes worldwide between brokers and their clients. The broker has received more than 30 awards, including Forex Expo Awards (2011, 2012, 2014), International Finance Magazine Awards (2013), and FX Empire Awards (2017).
👍 Advantages of trading with Alpari (UK) for traders from Uganda:
•a large number of trading accounts for traders with different levels of experience and goals;
•high-quality and efficient work by the customer support service;
•many ways to replenish the deposit and withdraw funds.
👎 Disadvantages of Alpari (UK) for traders from Uganda:
•no trading on weekends;
•withdrawal of funds is carried out after occasional delays;
•commission compensation for deposits or withdrawals is available only for traders with VIP status;
•trading on the MetaTrader 5 platform is available only for traders with standard accounts, and swap-free Forex Islamic accounts work only on MetaTrader 4.
Alpari (UK) Commissions & Fees for traders from Uganda
It is important to know the commissions and fees brokers charge if you plan to invest not only in PAMM accounts, but also to trade.The number of the managers offering their services on the platform directly depends on the level of the broker’s fees.
Alpari (UK) Commissions and Fees in Uganda
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
nano.mt4 |
From $8 |
No |
standard.mt4 |
From $8 |
No |
standard.mt5 |
From $8 |
No |
ecn.mt4 |
From $8 |
No |
pro.ecn.mt4 |
From $8 |
No |
special.ecn.mt4 |
From $8 |
No |
ecn.mt5 |
From $8 |
No |
3
Best PAMM broker in Uganda - RoboForex
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
👍 Advantages of trading with RoboForex for traders from Uganda:
•Availability of favorable trading conditions and a minimum deposit
•Unique investment program CopyFx
•Highest affiliate payments: up to 84% of the fee paid by the referral
•Market launch - STP and ECN
•Instant withdrawal of funds
•Minimum deposit - $10
👎 Disadvantages of RoboForex for traders from Uganda:
•A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime
•Lack of tools when trading on the R StocksTrader platform
RoboForex Commissions & Fees for traders from Uganda
It is important to know the commissions and fees brokers charge if you plan to invest not only in PAMM accounts, but also to trade.The number of the managers offering their services on the platform directly depends on the level of the broker’s fees.
RoboForex Commissions and Fees in Uganda
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Pro |
$13 |
No |
Pro-Cent |
$13 |
No |
ECN |
$3 |
No |
Prime |
$1 |
No |
4
Best PAMM broker in Uganda - Forex4you
Forex4you caters to a wide range of traders, offering different account types, including cent accounts and ECN accounts with tight spreads from 0.1 pips. The broker provides leverage of up to 1:1000, order execution speed from 0.1 sec, and access to over 150 trading instruments, including Forex pairs, indices, commodities, and stocks. Its proprietary copy trading platform, Share4you, allows traders to earn additional income by sharing their strategies or copying successful traders. Additional features like cashback, bonuses, and partnership programs further enhance the trading experience.
Forex4you doesn't accept clients from the U.S., Canada, Japan, and EU countries, but it presents a compelling option for eligible traders seeking a well-rounded trading experience.
👍 Advantages of trading with Forex4you for traders from Uganda:
•best trading conditions for novice traders;
•no trading restrictions on scalping and algorithmic trading;
•the possibility of passive income - social trading platform Share4you;
•the broker has an insurance for $10 million on a contingency basis;
•there are cent accounts with a minimum transaction amount of 2 cents.
•customer support responds to customer inquiries within 8 hours, even on weekends.
👎 Disadvantages of Forex4you for traders from Uganda:
•Relatively high fixed fees on Pro accounts.
•Traders from the U.S, Canada, Japan, and EU countries cannot use services of the broker.
Forex4you Commissions & Fees for traders from Uganda
It is important to know the commissions and fees brokers charge if you plan to invest not only in PAMM accounts, but also to trade.The number of the managers offering their services on the platform directly depends on the level of the broker’s fees.
Forex4you Commissions and Fees in Uganda
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Cent Fixed |
from $0.2 |
Yes |
Cent Pro |
From $0.01 |
Yes |
Classic Fixed |
From $20 |
Yes |
Classic Pro |
From $1 |
Yes |
Classic Standard |
from $9 |
Yes |
5
Best PAMM broker in Uganda - OANDA
The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.
👍 Advantages of trading with OANDA for traders from Uganda:
•Minimum deposit from 1 dollar.
•A large selection of the most popular trading instruments.
•Several reliable and reputable financial regulators.
👎 Disadvantages of OANDA for traders from Uganda:
•Inconvenient and poorly functioning site.
•Lack of cent accounts.
•Lack of bonus programs.
OANDA Commissions & Fees for traders from Uganda
It is important to know the commissions and fees brokers charge if you plan to invest not only in PAMM accounts, but also to trade.The number of the managers offering their services on the platform directly depends on the level of the broker’s fees.
OANDA Commissions and Fees in Uganda
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Standard |
From $11 |
When withdrawing to a debit card - no. When withdrawing to a credit card (once a month) - no. When withdrawing to a credit card (more than once a month) - from USD 15. Withdrawal via PayPal - no. |
Premium |
From $11 |
When withdrawing to a debit card - no. When withdrawing to a credit card (once a month) - no. When withdrawing to a credit card (more than once a month) - from USD 15. Withdrawal via PayPal - no. |
How to Choose The Best PAMM Brokers?
When choosing a PAMM broker, you need to take into consideration several important aspects, including the following:
Reliability and security. A broker should hold the financial license and disclose information about the company.
Number of PAMM accounts. A high number of managers offering their services also testifies to the reliability of the broker and good trading conditions.
Profitability. Each PAMM account has a certain profitability rate. However, you need to keep in mind that high profit is accompanied by corresponding risks.
Minimum deposit. It is important for testing the PAMM account and Forex trading in general.
Deposit and withdrawal. It is important to take notice of the number of supported deposit/withdrawal options and the conditions - limits, fees, etc.
Conclusions
PAMM accounts are a way to earn passive income to beginners and experienced investors as a way to diversify investment portfolios. However, before starting to invest, you need to choose the right broker in Uganda. The broker should be reliable, offer good trading conditions and offer a wide choice of account types for investors.
Before opening a PAMM account, it is important to remember that this option is not a 100% profit guarantee. There are also the risks of losing your money. Therefore, the best option for beginners is to start with a test run with a minimum deposit. In this case, the trader can see whether the manager is as successful as he expects.
Top PAMM brokers in 2024 for Uganda traders
| Admirals | Alpari (UK) | RoboForex | Forex4you | OANDA | |
|---|---|---|---|---|---|
Overall score |
8.43 |
7.11 |
8.61 |
7.44 |
7.77 |
Execution of orders |
7.65 |
7.1 |
8.95 |
8.65 |
9.05 |
Investment instruments |
9.31 |
5.28 |
8.2 |
6.1 |
9.68 |
Withdrawal speed |
8.57 |
7.71 |
9.71 |
6.4 |
6.86 |
Customer Support work |
8.2 |
8.13 |
9.17 |
8.5 |
6.77 |
Variety of instruments |
8.75 |
6.37 |
8.75 |
5.77 |
9.27 |
Trading platform |
8.09 |
8.06 |
6.86 |
9.22 |
4.97 |
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FAQs
How much can you earn on PAMM accounts?
The amount you can earn on PAMM accounts is actually unlimited. Everything depends on the level of your deposit and the manager, as well as the interest rate he provides. However, do not forget about the risks as you chase the profit.
How are PAMM accounts different from copy trading?
When investing in a PAMM account, the trades of the manager are not copied to the subscriber’s account; the transactions cannot be controlled or canceled.
Can I subscribe to several PAMM accounts?
As a rule, it is possible. However, broker may limit the number of such accounts. Nonetheless, the restrictions are rare.
Should I split my funds among several PAMM accounts?
Yes. Diversification is important for protection of your funds. In this case if you have a loss on one account, it will be covered by the profit on the other accounts.
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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.