6 Best Forex Brokers in Uruguay
The 6 Best Forex Brokers in Uruguay – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders from Uruguay.
In this in-depth Guide you will learn:
- The Best Forex Brokers in Uruguay – a List
- The Best Forex Broker for Beginners and Foreigners
- Is Forex Trading Legal in Uruguay?
- The Best MetaTrader 4 and MetaTrader 5 Brokers
- International Brokers Accepting Local Traders
and much, MUCH more!
6 Best Forex Brokers in Uruguay – a Comparison
| 🔎 Broker | 🚀 Open an Account | 💶 Min.Deposit | Accepts Uruguayan Traders |
| 🥇 Moneta Markets | 👉 Click Here | 1908,20 | ✅Yes |
| 🥈 IC Markets | 👉 Click Here | 7632,82 | ✅Yes |
| 🥉 Tickmill | 👉 Click Here | 3816,41 | ✅Yes |
| 🏅 FP Markets | 👉 Click Here | 2502,15 | ✅Yes |
| 🎖️ eToro | 👉 Click Here | 381,64 | ✅Yes |
| 🥇 XTB | 👉 Click Here | None | ✅Yes |
6 Best Forex Brokers in Uruguay – (2024)
- ☑️ Moneta Markets – Overall, the Best Forex Broker in Uruguay
- ☑️ IC Markets – Best MetaTrader Forex Broker
- ☑️ Tickmill – Wide Selection of Currency Pairs
- ☑️ FP Markets – 10,000+ Tradable Instruments
- ☑️ eToro – Best Forex Broker for Copy Trading
- ☑️ XTB – Best Forex Broker for Beginners
Moneta Markets
Moneta Markets is a Trusted and highly regulated Forex Broker. It offers over 1,000 assets, including forex, commodities, indices, and share CFDs. The CIMA, FSCA, FSA, and ASIC regulate it.
Moreover, Moneta Markets holds client funds in segregated accounts with National Australia Bank. SSL encryption and two-factor authentication (2FA) is available. Accounts offered are Direct STP, Prime ECN, Ultra ECN, Islamic, and Demo.
The Minimum Deposit is 50 USD. Trading Platforms offered are PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and Copy Trader.
The Following Trading Instruments and Products are offered:
- 44 FX pairs
- 19 commodities
- 16 indexes
- Over 700 Share CFDs
- Over 50 ETFs
- Over 30 Crypto CFDs
Furthermore, 7 Bonds are offered. Deposit and Withdrawal Options include Bank Wire Transfer, Credit and Debit Card, Fasapay, JCB, and, Sticpay.
| 🔎 Broker | 🥇 Moneta Markets |
| 📈 Established Year | 2019 |
| 📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
| 📊 Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
| 📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
| 💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
| 📍 Spreads | From 0.0 pips |
| 💹 Leverage | 1:1000 |
| 💵 Currency Pairs | 44; major, minor, and exotic pairs |
| 💶 Minimum Deposit | 50 USD |
| 💷 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,000+ tradable assets, including forex | Some account types may have volume constraints |
| Multilingual support | Limited Education |
| Tight Spreads | No Negative Balance Protection |
| No deposit or withdrawal fees | Inconsistencies reported in customer support quality. |
| Strong Regulation | Limited Product Range |
| MetaTrader 4 and 5 | Limited Account Types |
Our Insights
The benefits of Trading with Moneta Markets include dedicated Customer Support, excellent educational resources, and, Copy Trading.
IC Markets
IC Markets is a trustworthy and highly competitive Forex and CFDs Broker. The Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) regulate it.
Account Offered are cTrader, Raw Spread, Standard, Islamic, and, Demo. The minimum deposit is 200 USD. Trading Platforms available are MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade.
IC Social is a proprietary, social trading platform developed by IC Markets.
The following Trading Instruments and Products are offered:
- 64 currency pairings for trading
- 22 commodities
- 25 indices
- 11 distinct bond instruments
- 18 cryptocurrency alternatives
- 1,600 stocks
Moreover, four futures contracts are available. Deposit and Withdrawal options include PayPal, Neteller, and, Skrill.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The benefits of trading with IC Markets include a wide range of Educational Resources, a low-latency trading environment, and, trusted customer support.
Tickmill
Tickmill is a prominent Forex and CFD Broker. The Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA) regulate them. Moreover, SSL encryption and account segregation are applied.
Accounts offered are Pro, Classic, VIP, Islamic, and, Demo. The minimum deposit is 100 USD. Trading Platforms offered are MetaTrader 4, MetaTrader 5, and, a Proprietary Mobile App. The following trading instruments and products are available:
- 62 currency pairings
- 23 Indices
- 3 energy contracts
- 4 precious metals
- 4 bond instruments
Moreover, a selection of eight cryptocurrencies is allowed. Deposit and Withdrawal Options include Crypto Payments, Skrill, FasaPay, and, Neteller.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
The benefits of Trading with Tickmill include a wide range of educational resources, and, impressive customer support.
FP Markets
FP Markets is a highly regulated and competitive Forex and CFDs Broker. The Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) regulate it. Moreover, strong encryption technology and account segregation are applied.
Accounts offered are Standard, Raw, Islamic Standard, Islamic Raw, and, Demo. The minimum deposit is AU$100. Trading Platforms offered are MetaTrader 4, MetaTrader 5, IRESS, cTrader, and a Proprietary App. The following trading instruments and products are available:
- 70 currency pairings
- More than 10,000 Direct Market Access (DMA)
- 3 precious metals
- 4 energy commodities
- 17 indices
- 11 cryptocurrencies
- 2 separate bonds
Moreover, 5 agricultural commodities are accessible. Deposit and Withdrawal Options include Neteller, Skrill, and, FasaPay.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
The Benefits of trading with FP Markets include Competitive spreads, Personal Account Managers, and, 24/7 multi-lingual Customer Support.
eToro
eToro is a market-leading, multi-asset Forex and CFDs broker. CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC regulate it. Accounts available are Standard, Professional, Islamic, and Demo. The minimum deposit is 10 USD.
A proprietary trading platform is offered. The following trading instruments and products are available:
- 55 currency pairs
- 32 commodities
- 531 ETFs
- 21 indices
- 77 cryptocurrencies
- 4,610 stocks
Deposit and Withdrawal Options include Credit Card, PayPal, and, Neteller.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insights
The Benefits of trading with eToro include crypto trading, an excellent proprietary platform, and, dedicated customer support.
XTB
XTB is a highly regulated and Popular Forex and CFDs Broker. The FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, the IFSC regulate it. Accounts offered are Standard, Swap-Free, and, Demo. No minimum deposit is required.
Trading Platforms offered are xStation 5 and xStation 5 Mobile. Deposit and Withdrawal Options include Bank Transfers, Paysafe, and, Neteller.
| 🔍 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 competitive spreads, excellent research materials, and dedicated support.
Is Forex Trading Legal in Uruguay?
Forex Trading is Legal in Uruguay. Moreover, it is licensed and regulated by the Banco Central Del Uruguay (BCU).
In Conclusion
Forex Trading is Legal, licensed, and regulated by the Banco Central Del Uruguay (BCU). Multiple International Forex Brokers accept Uruguayan 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
While reviewing the Best Forex Brokers that accept Uruguayan 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.
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Frequently Asked Questions
Does Moneta Markets provide a Demo Account?
Moneta Markets offers a demo account with $100,000 in virtual funds.
Does Moneta Markets protect Client Information?
Moneta Markets offers two-factor authentication (2FA).
Does IC Markets offer a Swap-Free Option?
IC Markets does provide an Islamic, Swap-Free account.
What Trading Platforms do IC Markets offer?
MetaTrader 4, MetaTreader 5, cTrader, and, IC Social.
How many Currency Pairs does Tickmill offer?
62 Currency Pairs including major, minor, and exotic pairs.
What is the Minimum Deposit to open a Tickmill account?
The minimum deposit required is 100 USD.
Does FP Markets provide Customer Support?
FP Markets provides 24/7 Multilingual Customer Support.
How does FP Markets protect client funds?
FP Markets segregates customer assets.
Does eToro provide Social Trading?
eToro provides Copy Trading.
What is the eToro Minimum Deposit?
The eToro Minimum Deposit is 10 USD.
Does XTB offer customer support?
XTB offers 24/5 Customer Support.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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