Overview
The Forex market is not only the largest financial market in the world but is also the most easily accessible as traders do not need large sums of capital to get started in trading Forex.
In addition to catering for traders from around the world, there are numerous Forex brokers who welcome and accommodate traders from African countries such as Uganda.
In an attempt to build their client base, Forex brokers offer traders with numerous promotions and bonuses to help them get started on their Forex journey. One of these bonuses is that of a welcome, or no deposit bonus.
Best Forex Brokers for Ugandans that offer No Deposit bonuses
AvaTrade
As a popular, award-winning, and well-regulated broker, AvaTrade accommodates a wide variety of traders from around the world in offering numerous promotions, competitive trading conditions and comprehensive trading solutions.
When signing up for a live trading account, Ugandan traders are offered with a $200 first-time sign-up bonus which gives them a head-start on trading activities. Although this deposit bonus is non-withdrawable, the profits made from it can be withdrawn.
OctaFX
As a well-regulated Forex broker based in Saint Vincent and the Grenadines, OctaFX welcomes traders from around the world in making use of its comprehensive trading services and competitive trading conditions.
When registering a live trading account with OctaFX, Ugandan traders receive a 100$ deposit bonus on each deposit made.
RoboForex
RoboForex is a popular and well-regulated Market Maker, ECN, and STP broker which caters for a variety of traders in numerous jurisdictions and countries.
When signing up for a live trading account, Ugandan traders receive a $30 first-time sign-up bonus which can go towards starting their Forex trading. The minimum deposit to register an account is $10 with the benefit that traders are rewarded as soon as their account is approved.
XM
As a well-regulated and popular STP and ECN Forex broker, XM offers its comprehensive trading solutions and services to traders from around the world.
Ugandans who register a live trading account receive a bonus of $30 and in addition, traders have access to some of the competitive trading conditions in the industry along with superb trading services, dedicated support, and more.
InstaForex
InstaForex is a well-regulated Forex broker which has been in operation from 2007 in facilitating the trade in numerous financial instruments.
When registering for a live trading account, Ugandan traders are provided with a 30% welcome bonus in addition to a 100% deposit bonus which is activated once the trader’s account application is approved.
Final Thoughts
Forex trading can be done with minimal capital when using Forex brokers that offer welcome and no deposit bonuses. Although the terms and conditions of such bonuses are strict, traders can benefit greatly from them and kick-start their Forex trading journey.
These brokers are not only some of the best Forex brokers in the industry, but they are also reputable and cater for traders despite their trading skills, knowledge, and experience.
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