About Kampala Counter

Who runs this desk

Kampala Counter is run by a small editorial desk that writes only about gold (XAU/USD) and how it is traded from Uganda. We are not a broker, not a bank and not a licensed financial adviser, and we hold no licence to give personal advice or handle anyone's money.

Because we trade nothing on your behalf, every page here is written material only. If you want an account, you open it with a broker directly, under that broker's own terms, and your money sits with them rather than with us.

What this desk covers and what it leaves to the broker

This desk covers how gold (XAU/USD) is priced, margined and traded in practice for readers in Uganda, including the pip value of 0.01, the 100 oz size of a standard lot, and the margin example of about $85.50 for a 0.10-lot position at the applicable cap. We explain the mechanics and the risks. We do not set the broker's spreads, commissions, swaps or minimum deposits, and we do not quote them as numbers because we were not given them.

We also cover local funding in the terms readers actually use: Mobile Money is the familiar route for moving shillings into a trading account, and we describe how that fits the process without naming any other method. We do not process payments, hold client money, or open accounts. Those are the broker's functions, and any question about your own account, verification or withdrawal goes to the broker, not to us.

What we leave to the broker and to the regulator is anything specific to your account: the exact leverage your entity grants, the costs applied to your trades, and the status of the firm you are dealing with. On that last point we repeat the caveat: FxPro is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the CMA Uganda licensed persons list.

How we handle risk language and the limits of an example

We treat every example as an illustration of mechanics, not as a forecast or a promise. The 0.10-lot gold margin figure of about $85.50 shows how the calculation works at the applicable cap; it does not mean that position size is suitable for you, and it does not tell you what the trade will cost in spread, commission or swap, because those depend on the broker and the market at the time. Trading gold is high-risk and losses can exceed what you expect.

We never describe a leverage cap as a target. The cap that applies to the entity serving Uganda is a ceiling set by that entity, and using the full cap magnifies both gains and losses. Our pages say this plainly and do not suggest that higher leverage improves results. If a sentence on this site reads as encouragement to maximise leverage, it is a mistake and we will correct it.

We also avoid implying that a reference price is a live price. The 4275.0 figure is a reference for working through examples, not a quote you can trade on. Live prices move, and the price you get depends on the broker's execution. Where a page needs a live figure, we say so and point you to the platform rather than inventing a number.

How the site is funded and what that does and does not influence

The site is funded by the desk itself and by commercial arrangements with brokers, including FxPro, which is the broker we reference for gold trading examples. Funding covers writing, review and hosting. It does not buy a place in a page: we do not accept payment to state a spread, a commission or a leverage ratio that we were not given, and we do not publish a broker's marketing claims as our own findings.

What funding does influence is which broker we can describe in concrete terms. Because FxPro is the broker whose facts we hold, our worked examples use its platforms, MT4, MT5, cTrader and the FxPro app, and the entity that serves Uganda. That is a limit on our examples, not an endorsement. We say plainly that FxPro is licensed by the FCA (UK), CySEC and FSCA, and that you should confirm any broker on the CMA Uganda licensed persons list.

What funding does not influence is the risk framing. Every page that touches leverage says the cap is a cap, not a setting to aim at, and every page that touches cost says what the cost consists of rather than praising it. If a commercial arrangement ever conflicted with those rules, the rules win and the arrangement ends. We would rather have a shorter page than a page that reads like an advert.

Who runs this desk and how decisions are made

The desk is run by a small editorial team based in Kampala that sets every page's angle, checks every number against the source facts, and signs off before publication. Decisions are made by consensus between the writer and the reviewer, not by a single editor. No page goes live until both have agreed that the claims match the supplied facts and that no unsupported cost or performance claim has slipped in.

Decisions about what to cover follow reader questions and the gaps we find in existing pages, not a keyword list. When we add a section, the writer drafts it, a second person checks it line by line against the facts we hold, and any number that cannot be traced to those facts is removed or rewritten as a dependency. The reviewer also checks that the page does not repeat material already covered elsewhere on the site.

Day-to-day choices about tone and emphasis sit with the writer, but anything touching risk, leverage or cost must be cleared by the reviewer. We keep a simple rule: if a sentence would need a number we were not given to make sense, it does not go in. That is why you will see us describe what a cost consists of rather than quoting a figure we cannot stand behind.

The editorial standard for a number

Every number on this site must come from the facts we were given; if it does not, it is not published as a number. That means a figure like the $85.50 margin needed for a 0.10-lot gold position at the applicable leverage cap is allowed because it is in our source facts, while a spread, commission, swap or minimum deposit figure is not, because we were not given one. Instead we say what those costs consist of and what they depend on.

A number also has to carry its context. When we state the margin example, we say it is for 0.10 lots of gold at the cap that applies to the entity serving Uganda, not a target to aim for. When we mention the reference price of 4275.0, we label it as a reference, not a live quote. A number without its conditions is treated as an error, even if the digits are correct.

The final check is whether a reader could act on the number without being misled. If a figure would imply a guarantee, a typical result, or a cost we cannot verify, it is rewritten as a description of what the cost depends on. This is slower than quoting a plausible figure, but it keeps the page honest and keeps us inside the facts we can actually defend.

What we will not pretend to be

We never describe ourselves as licensed or regulated, because we are not, and we never imply we are a broker. Trading gold as a CFD carries a high risk of loss and most retail accounts lose money, so nothing here is framed as a route to profit.

The one regulatory fact we repeat is the broker caveat: FxPro is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the CMA Uganda licensed persons list. Checking that list yourself is the step that matters most before any money leaves your Mobile Money wallet.

How to challenge something published here

You can challenge anything on this site by writing to the desk with the page name, the sentence you dispute, and the reason. We read every challenge and reply with either a correction or an explanation of the source fact the sentence rests on. If the sentence cannot be traced to a fact we hold, it is corrected or removed, and the page is re-reviewed before it goes back up.

Challenges about numbers get priority. If you think a figure is wrong, tell us which figure and what you believe it should be, and we will check it against the source facts. We will not replace one unsupported number with another: if we cannot verify a replacement from our facts, we will rewrite the sentence to describe what the figure depends on instead of quoting a new one.

Challenges about tone or emphasis are also welcome, especially where a sentence might read as hype or as a guarantee. We will look at whether the risk framing is clear enough and whether a cost is being praised without a number behind it. Send challenges through the contact route on the site and include the page name so we can find the exact text.

How the desk is paid

Affiliate links are our only source of revenue. When a reader follows a link from this site to a broker and opens an account, the broker may pay us a referral fee, and that fee is what keeps the pages free to read.

No broker pays us for a favourable write-up, and payment never buys a rating or hides a weakness. If a broker's funding route does not work for a Ugandan resident, or its costs are unclear in its own documents, that goes on the page regardless of any referral arrangement.