Consider whether you understand how leverage works before committing funds.
Our editorial policy is the set of rules our writers follow when they publish anything about IG Markets for readers in Uganda: we check facts against primary sources, we separate what a broker advertises from what we can confirm, and we correct mistakes in public when we find them.
You don't need a finance degree to judge whether a broker review is trustworthy. You just need to know what to look for.
Who Writes and Who Checks
Every page on this site goes through two people, not one. A writer drafts it, then an editor checks each number, each regulator name and each claim against the source listed in our internal fact sheet. If a figure has no source, it doesn't go on the page.
- Suits
- CFD, MT4, DMA, demo
- Swap-free
- Not offered
- Does not suit
- IG Markets’ BMA-licensed entity is not the same as a fully top-tier broker offering FCA, CySEC, ASIC, or SCA-class investor
- Currency note
- Not specified
We write for people opening their first or second trading account, not for fund managers. That means when we say "segregated client funds," we explain it in plain words the first time. It also means we won't hide a limitation behind technical language just to make a broker look better.
What We Mean by Verified
A fact is verified when we can point to a public source that anyone can open. For IG Markets that usually means the broker's own site, a regulator's public register, or a law that applies to traders in Uganda.
| Claim type | Where it comes from | Trust level |
|---|---|---|
| Regulator status | FCA register, CMA Uganda lists | High - checkable |
| Spreads and fees | Broker's own published pricing | Medium - changes often |
| Market counts | Broker disclosure or filings | Medium - varies by entity |
| Tax treatment | Uganda Revenue Authority | High - official rates |
| "Best broker" claims | Marketing pages | Low - we ignore these |
A broker saying it is the world's number one CFD provider is marketing. A regulator saying a firm holds a licence is a fact. We only build our pages on facts.
How We Handle IG Markets Facts
IG Markets is part of IG Group, a company listed on the London Stock Exchange (FTSE 250) and founded in 1974. It is regulated by top-tier authorities including the UK FCA, and it serves clients worldwide through its international operations.
Uganda's regulator, the Capital Markets Authority, has a licensing category for online foreign exchange brokers under the CMA (Amendment) Act 2016, but as of our review no retail forex or CFD broker appears on its public licensed-firms list. Ugandan residents therefore generally trade with brokers regulated elsewhere, such as CySEC, FSCA, FCA or Kenya's CMA.
| IG Markets detail | What we publish | Source style |
|---|---|---|
| Global regulation | FCA regulated | Public regulator register |
| Ugandan coverage | Served via global entity | Broker's international offering |
| Leverage | Up to 1:200 | Broker disclosure |
| Platforms | Web, mobile, MT4 | Broker disclosure |
| Islamic account | Not offered | Broker disclosure |
Where the Review Money Goes
We earn from affiliate partnerships, which means if you open an account through one of our links, we may receive a commission. That commission is the same whether you open an account today or in six months, and it is not tied to how much you deposit.
| Method | Deposit arrives | Withdrawal takes |
|---|---|---|
| Bank | 1-3 business days | 3-5 business days |
| Cards | instant | 2-5 business days |
| Debit/credit cards | instant | 2-5 business days |
| PayPal as deposit methods | instant | within 24 hours |
What we do not do is let a partnership change a conclusion. If a broker's withdrawal process looks slow, we say so. If the fees in a specific market are higher than the alternatives, that goes on the page too. The commission doesn't buy a positive paragraph.
When We Get It Wrong
Brokers change their spreads, retire platforms and adjust account minimums, and a page written in March can be outdated by August. When a reader or a broker points out a factual error, we fix it and note that the page was updated.
Corrections work like this:
- A reader or broker sends a note with a source we can open.
- An editor checks the source against the current page.
- If the source is stronger than ours, we change the page.
- If we were right, we explain why, and we don't quietly bury the question.
We don't delete a page because a broker dislikes it. We don't add a positive claim without a source either.
The Trade-offs We Admit
No broker is perfect for everyone, and IG Markets has real trade-offs worth weighing. The fees you pay depend heavily on your market and product, so a spread that looks tight on NAS100 may not be the spread you get on a smaller index. Leverage goes up to 1:200, which means a 0.5% move against you can take a serious bite out of your margin if you size a position carelessly.
- Licence it holds
- FCA regulated globally
- What it covers here
- Regulated offshore access
- What it does not cover
- IG Markets’ BMA-licensed entity is not the same as a fully top-tier broker offering FCA, CySEC, ASIC, or SCA-class investor safeguards: review
- Where to check
- 1
Setup also takes a few steps. You'll need a Ugandan National ID or passport and proof of address, and deposits by card or bank transfer can take one to five business days to settle. Mobile money is faster, usually minutes, but accounts at international brokers are typically USD-denominated, so you eat a UGX-to-USD conversion cost on the way in and out.
Size your first trades small and read the fee page before you deposit, not after.
What Goes Into a Rating
We don't hand out scores. A number out of ten suggests precision we can't back up. Instead, we describe each broker against the things that actually affect your money.
Regulation sits first because it decides how your funds are protected if something goes wrong. We look at which authority oversees the firm, whether that authority is on the top tier, and whether client money is held separately from the company's own. Then we look at cost, execution, platform range and support hours.
For IG Markets specifically, the platform side is strong: web, mobile, MetaTrader 4 and a direct market access route through L2 Dealer. Support quality and educational material also come up well. The caution flags we note are jurisdiction-dependent product availability, the absence of a swap-free Islamic account, and fee figures that move around by market.
That balance, strong infrastructure with variable costs and no local licence, is what a first-timer needs to understand before depositing.
Questions
How do we verify IG Markets fees before publishing?
We use the broker's own published pricing and cross-check it against any regulator filings we can access. Where a Uganda-specific fee schedule isn't published, we say so rather than guessing from another market's numbers. That's why some of our cost tables carry a note that figures vary by product and jurisdiction.
Do affiliate commissions change what we write?
No. Commissions come from account openings, not from positive reviews, and the rate is the same regardless of what we conclude. We publish criticisms alongside praise, and we keep a rule that every broker page must name at least one real drawback. If we can't find one, we haven't looked hard enough.
How often are these pages updated?
We review each page when the broker announces a change, when a regulator updates its register, or when a reader flags an error. Tax rates in Uganda change with each fiscal year, so figures tied to the Uganda Revenue Authority get re-checked when new rates are published. The page you're reading reflects the most recent check.