10 Best Forex Brokers in Uzbekistan
The 10 Best Forex Brokers in Uzbekistan – Rated and Reviewed. We have listed the top-rated Forex Brokers accepting Uzbekistani Traders.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Uzbekistan – a List
- The Best MT4/MT5 Forex Brokers for Beginners
- Which Brokers are Open Now for trade in Uzbekistan?
- Top Rated Uzbekistani Forex Brokers for Foreigners
and much, MUCH more!
10 Best Forex Brokers in Uzbekistan – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Uzbekistani Traders | 💶 Min.Deposit (UZS) |
| 🥇 XTB | 👉 Click Here | ✅Yes | None |
| 🥈 XM | 👉 Click Here | ✅Yes | 63163,50 UZS |
| 🥉 HF Markets | 👉 Click Here | ✅Yes | None |
| 🏅 Exness | 👉 Click Here | ✅Yes | 126327,00 UZS |
| 🎖️ AvaTrade | 👉 Click Here | ✅Yes | 1263270,00 UZS |
| 🥇 RoboForex | 👉 Click Here | ✅Yes | 126327,00 UZS |
| 🥈 FBS | 👉 Click Here | ✅Yes | 1263270,00 UZS |
| 🥉 Pepperstone | 👉 Click Here | ✅Yes | 1650677,01 UZS |
| 🏅 HYCM | 👉 Click Here | ✅Yes | 252654,00 UZS |
| 🎖️ easyMarkets | 👉 Click Here | ✅Yes | 315817,50 UZS |
10 Best Forex Brokers in Uzbekistan (2024)
- ☑️ XTB – Overall, the Best Forex Broker in Uzbekistan
- ☑️ XM – Excellent all-round offering
- ☑️ HF Markets – Great Research and Education
- ☑️ Exness – Competitive trading fees.
- ☑️ AvaTrade – Choice of Fixed or Floating Spreads
- ☑️ RoboForex – Multiple Bonus and Promotional Offers
- ☑️ FBS – Best Forex Broker for Foreigners
- ☑️ Pepperstone – Best MetaTrader 5 and cTrader Broker
- ☑️ HYCM – The Best MetaTrader 4 Broker
- ☑️ EasyMarkets – Best for Copy Trading
XTB
XTB is a renowned Forex and CFDs Broker. Six Tier-1 entities regulate it. Accounts offered are Standard and Swap-Free. Notable features of the Islamic Account include:
- 1,500 markets including Forex, Crypto, Indices, Commodities, and ETFs
- Leverage up to 200:1
- MetaTrader 4 and xStation Trading Platforms
- Cashback Offers
- The Swap-Free account is free of any special fees and interest.
| 🔍 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time Seconds | Milliseconds - |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
The benefits of trading with XTB include access to the proprietary xStation 5 platform, multilingual customer support, and, cutting-edge network security measures.
XM
XM is a standout Forex and CFDs Broker that offers access to currency pairs and excellent customer support. Accounts offered are Micro Account, Standard Account, XM Ultra-Low Account, and Shares Account.
Moreover, an Islamic Option is available. Benefits of the XM Swap-Free account include:
- Leverage up to 1000:1
- 100% real-time market execution
- 24/5 dedicated support
- No spread widening
- Free and instant access to all trading platforms is offered.
| 🔎 Broker | 🥇 XM |
| 💴 Minimum Deposit | $5 USD |
| 🎁 Bonus Offers | ✅Yes |
| 📈 Account Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
Our Insights
The Benefits of trading with XM include multiple promotions, a selection of bonus offers, and, free VPS services.
HF Markets
HF Markets is a powerful Forex and CFDs Broker that offers access to Negative Balance Protection and a wide range of account types. Account types available include Cent, Zero, Pro, Premium, and, Islamic.
Notable features of the HFM Islamic Account include:
- No Fees on overnight trades
- Offered to all Traders
- Leverage of up to 1:2000
- The Swap-Free option is available on all HFM Accounts.
| 🔎 Broker | 🥇 HFM |
| 💴 Minimum Deposit | $0 |
| 📌 Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Top-tier Regulation | Regional constraints |
| Segregated Accounts for Client Funds | Inactivity fees |
Our Insights
The benefits of Trading with HF Markets include Bonus offers, Mobile Trading, and, trusted customer support.
Exness
Exness is a trustworthy and highly regulated Forex Broker that offers a diverse portfolio of financial assets and trusted customer support. Accounts available are Standard, Standard Cent, Raw Spread, Zero, Pro, Demo, and, Islamic.
The minimum deposit is 10 USD.
| 🔎 Broker | 🥇 Exness |
| 💴 Minimum Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country Restrictions |
Our Insights
The benefits of trading with Exness include Unlimited Leverage, Spreads from 0.0 Pips, and, multiple accounts.
AvaTrade
AvaTrade is a Massive Forex and CFDs broker with an established global presence. Accounts offered are Retail, Islamic, and, Professional. The AvaTrade Swap-Free account does not charge daily swaps.
However, Positions open for longer than 5 days will incur the fee. The minimum deposit is 100 USD.
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
The Benefits of trading with AvaTrade Tight spreads and access to multiple financial instruments, including Forex, CFDs, Options, and Spread Betting.
RoboForex
RoboForex is a reputable Forex and CFDs Broker that provides access to various trading products, account types, and trading platforms. Account available are Prime, ECN, R StocksTrader, ProCent, and, Pro.
Moreover, an Islamic, Swap-Free option is offered. The Swap-Free option is available on the MetaTrader 4 Platform. The minimum deposit is 10 USD.
| 🔎 Broker | 🥇 RoboForex |
| 💴 Minimum Deposit | 10 USD |
| 💵 Inactivity Fee | None |
| 💶 Base Currencies | USD, EUR |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:2000 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| RoboForex offers a comprehensive curriculum covering important trading topics, catering to both new and experienced traders | RoboForex does not have any Tier-2 or 3 regulation |
| RoboForex provides over 12,000 trading products | There are limited payment methods for deposits and withdrawals |
| Deposits are free with RoboForex, and there are flexible payment methods available | Several non-trading fees apply |
Our Insights
Benefits of trading with RoboForex include Multilingual Customer Support, Low Spreads, and, a Welcome Bonus.
FBS
FBS is a well-regulated Forex Broker that caters to all levels of Traders. Accounts available are Standard, Cent, Demo, and, Islamic. The Swap-Free option is available on the Standard Account with MetaTrader 5 integration.
The minimum deposit is €100 (or equivalent in $).
| 🔎 Broker | 🥇 FBS |
| 💴 Minimum Deposit | 5 USD |
| 💵 Inactivity Fee | None |
| 🤝 Affiliate Program | ✅Yes |
| 4️⃣ Ease of Use Rating | 4/5 |
| 📐 Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Minimum deposit - $5 | High leverage may be daunting |
| Leverage of up to 1:3000 | High leverage carries an increased risk of loss |
| Commission-free trading | Lack of fixed spread options |
Our Insights
The Benefits of trading with FBS include multiple platform options, cent accounts, and, multilingual customer support.
Pepperstone
Pepperstone is a well-established and trusted Fore and CFDs Broker that offers access to competitive spreads and an extensive portfolio. Accounts offered are Standard and Razor. Moreover, a Swap-Free option is available.
Scalping, Heding, and EAs are allowed on the Islamic Account. The minimum deposit is AUD$200 or the currency equivalent.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include impressive trading platforms. Multilingual Customer support, and, an affiliate program.
HYCM
HYCM is a well-established Forex and CFDs Broker with 40 years of experience in the financial market. Accounts offered are Fixed, Classic, and, Raw. Moreover, an Islamic Account is available.
The minimum deposit is 20 USD.
| 🔎 Broker | 🥇 HYCM |
| 📈 Regulation and Licenses | FCA, CySEC, CIMA, DFSA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/5 |
| 💹 Trading Platforms | MetaTrader 4, MetaTrader 5, HYCM trader |
| 📌 Account Types | Fixed, Classic, Raw |
| 💰 Base Currencies | USD, EUR, GBP, AED, JPY |
| 🅰️ Spreads | From 0.1 pips |
| 🅱️ Leverage | Up to 1:500 |
| 🚀Open an Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by respectable agencies | Charges inactivity fees |
| Good range of instructional resources | Research services can appear basic |
| Narrow spreads on main Forex pairings | Neither copy nor social trading is currently accessible |
Our Insights
The benefits of trading with HYCM include fund security, a Low minimum deposit, and, impressive customer support.
easyMarkets
easyMarkets is a well-established Forex and CFDs Broker that provides excellent trading conditions and highly rated customer support. Seven Accounts are offered, including an Islamic Account.
The minimum deposit is 25 USD.
| 🔎 Broker | 🥇 easyMarkets |
| 📈 Regulation and Licenses | BVI FSC, CySEC, ASIC, FSA |
| 📉 Ease of Use | 5/5 |
| ⏰ Support Hours | 24/5 |
| 📊 Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, easyMarkets |
| 💹 Spreads | From 0.5 pips |
| 📌 Leverage | 1:2000 |
| 💸 Currency Pairs | 45; major, minor, exotic pairs |
| 💳 Minimum Deposit | 25 USD |
| 🚫 Inactivity Fee | None |
| ✅ Affiliate Program | ✅Yes |
| ✔️ Scalping | ✅Yes |
| 📍 Hedging | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fixed spreads | High spreads compared to other brokers. |
| Bonus Offers | No cent account |
Our Insights
The Benefits of trading with easyMarkets include multiple account types, TradingView integration, and multilingual customer support.
Is Forex Trading Legal in Central Asia?
Forex Trading is Legal in multiple countries across Central Asia. However, regulations and restrictions that need to be followed vary per country.
Is Forex Trading Legal in Uzbekistan?
Forex Trading is legal in Uzbekistan. Moreover, Foreign investors are guaranteed the transfer of funds in foreign currency into and out of Uzbekistan without limitation
Can Muslims trade Forex in Uzbekistan?
With over 94% of the country’s population being Islam, Forex in Uzbekistan can be traded via an Islamic Account. Other religions in the country who wish to engage in Forex, are free to select a Standard Forex Trading Account.
Swap-Free vs Standard Accounts in Forex
A standard account is the most common account type Forex Trading. It best suits traders with a moderate to high level of capital and experience level. Typically features of Standard Account include:
- a minimum lot size requirement of 100,000 units of the base currency
- competitive leverage ratios
- tight spreads
- On the other hand, an Islamic or Swap-Free Account caters specifically to Muslim Traders. In layman’s terms, overnight swaps or rollover interest charges are waived to comply with Sharia law.
In Conclusion
The popularity of Forex Trading in Uzbekistan has seen a notable rise. Moreover, multiple Internationally regulated Forex Brokers accept Uzbekistani Traders.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
In the process of reviewing the Best Forex Brokers that accept Uzbekistani Traders, we found 10 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like:
Faq
easyMarkets offers Sharia-compliant Islamic accounts without rolling fees for overnight holdings
HYCM offers traders a wide selection of trading instruments, including forex, commodities, indices, stocks, and some cryptocurrency CFDs.
Pepperstone offers MetaTrader 4 and 5, cTrader, Capatalise.ai, and TradingView.
FBS provides 24/7 multilingual customer assistance
The minimum deposit is 10 USD.
Exness is based in Cyprus and has offices in the United Kingdom, South Africa, Nairobi, Curaçao, and the Seychelles.
Fees vary depending on your account type and the instruments you choose.
XM provides Micro, Standard, Ultra-Low, and Share accounts.
No minimum deposit is required.
Forex Trading in Uzbekistan is governed by the Central Bank.
Forex Trading in Uzbekistan is legal.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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