Brokers With UAH Accounts

Brokers with UAH accounts make it easier for investors with Ukrainian Hryvnias to trade in the financial markets. UAH trading accounts also reduce or eliminate currency conversion fees for traders based in Ukraine. This guide explains how to make trading deposits and withdrawals in Ukrainian Hryvnias. We also rank the best brokers with UAH accounts.

Brokers With Hryvnia Accounts

These are the 2 best brokers that offer accounts with UAH as the base currency:

Brokers With UAH Accounts Comparison

Brokers With UAH Accounts Comparison
Broker Minimum Deposit Instruments Platforms Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral Visit
Quotex logo
$10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos Web Platform, Mobile App Visit

#1 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Leverage: 1:2000

Pros

  • Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
  • There's excellent 24/7 multilingual customer support via telephone, email and live chat
  • Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes

Cons

  • Unlike most competitors, Exness doesn't provide its own education section
  • There are no promotional deals or loyalty schemes for high-volume day traders
  • There are several regional restrictions for retail traders including the USA, Europe and the UK

#2 - Quotex

Why We Chose Quotex

Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.

"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."

- DayTrading Review Team
  • Instruments: Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
  • Platforms: Web Platform, Mobile App
  • Min. Deposit: $10
  • Min. Trade: $1

Pros

  • The platform continues to delivers a superb trading environment with strong charting tools for technical traders
  • The $10 starting deposit and $1 minimum stake make Quotex.io accessible to beginners
  • Daily signals are useful for finding opportunities, especially for newer traders

Cons

  • Quotex is unregulated, which means traders may receive limited safeguards
  • Customer support has been weak during tests with no live chat and slow response times
  • Quotex trails industry leaders when it comes to education and market research

How UAH Trading Accounts Work

A UAH trading account is a profile that is denominated in Ukrainian Hryvnias, which means that deposits, trades and withdrawals will all be processed, managed and displayed in Hryvnias.

Brokers with UAH accounts are particularly useful for Ukrainian investors, forex traders, or those with a Ukrainian bank account. This is because users will not incur currency conversion fees when transferring funds to and from their online trading accounts.

Brokers with UAH trading accounts are also more likely to accept traders from Ukraine, along with local payment solutions, such as wire transfers from PrivatBank.

In addition, UAH trading accounts are likely to be operated by a firm that holds a license with a trusted regional regulator, such as the CySEC (Cyprus Securities & Exchange Commission). This follows the Capital Markets Law passed in 2020, which aims to align Ukraine’s approach to overseeing financial markets with EU regulations.

The benefit of signing up with an EU-regulated broker is additional safeguards, including negative balance protection and segregated accounts.

UAH Currency Explained

The Ukrainian Hryvnias became the official currency of Ukraine in September 1996. Before the UAH, the Karbovanets was used, however this was transitioned out whilst Viktor Yushchenko was the chairman of the National Bank of Ukraine.

In early 2014, the Hryvnia was changed to a floating currency to comply with International Monetary Fund (IMF) regulations and generate some price stability in the forex market.

This was in response to the political instability caused by the Ukraine Revolution where demonstrations were held in response to President Yanukovych’s attempt to strengthen ties with Russia rather than the EU. This decision was not supported by many Ukrainians and following the protests, President Yanukovych was ousted.

Which brokers have UAH trading accounts?

The UAH was severely impacted by the Covid-19 outbreak. In early 2020, at the start of the pandemic, the currency fell to 0.0354 per 1 US dollar, the lowest since 2015.

In July 2022, the Central Bank of Ukraine devalued the Hryvnia against the US dollar by 25% to 0.0272 per 1 US Dollar. This was to mitigate some of the economic impact caused by the war with Russia.

Benefits Of Brokers With UAH Accounts

How To Check If A Broker Offers A UAH Account

Most online brokers will provide details of which currencies they support for deposits, withdrawals and trading at the sign-up stage. New traders can usually select the account currency (UAH) alongside their country when they register.

Alternatively, head to the funding/payments area and look for local deposit methods – this can be a good indication that the broker offers a UAH trading account.

To get started today, use our ranking of the best brokers with UAH accounts.

Comparing Brokers With UAH Accounts

As well as the account currency and support for local payment solutions, also consider the following when choosing between UAH brokers:

Final Word On UAH Trading Accounts

Brokers with UAH accounts can help keep costs down and facilitate hassle-free trading for investors from Ukraine and active FX traders. However, there are not many UAH trading accounts available in 2024.

As a result, traders may prefer to sign up with trusted brands like Interactive Brokers or XTB, which accept traders from Ukraine but do not offer UAH accounts.

FAQs

What Is A UAH Trading Account?

Brokers with UAH accounts provide trading profiles that use Ukrainian Hryvnias as the base currency. This means that all transactions, trades and fees will be processed and shown in UAH. This makes it easier to manage online trading activity if you are Ukrainian or trade large amounts of UAH.

How Do I Open A UAH Trading Account?

Opening an account with most UAH brokers is similar. New traders will need to fill in a basic registration form, providing details like their name, email address, phone number, and country. Investors may also need to provide proof of their nationality or address as part of KYC and AML requirements. Clients will then be able to choose from a list of supported account currencies, such as the UAH.

How Do I Know If A Broker Offers A UAH Trading Account?

Information on supported base currencies is usually available at the sign-up stage. Alternatively, traders can check the payments area of a broker’s website or their FAQs. Failing that, prospective traders can contact the firm’s customer support team through live chat, email, phone or social media.

We have also compiled a list of the top brokers with UAH accounts.

How Do I Compare UAH Trading Accounts?

Look for the minimum deposit requirement, supported payment methods, the range of instruments and tools, plus access to platforms, apps and tools, such as copy trading.

It is also worth checking that brokers with UAH accounts are registered with a regulator like the CySEC and offer safety measures such as negative balance protection.