Best Forex Trading Platforms In Uzbekistan 2024

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Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Uzbekistan used to restrict forex trading tightly, but since capital controls were lifted in 2017 it’s become much easier to trade currencies online. Still, the Central Bank of the Republic of Uzbekistan does not actively oversee forex brokers, so local traders often open accounts with international firms.

Discover the best forex trading platforms in Uzbekistan, personally tested by our experts. Every broker listed accepts forex traders from Uzbekistan.

5 Top Forex Trading Platforms In Uzbekistan

Following our extensive tests, these 5 brokers emerge as the best for forex traders in Uzbekistan:

  1. Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
  2. IC Markets - IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot.
  3. AvaTrade - AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
  4. FOREX.com - FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.
  5. Pepperstone - Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.

Best Forex Trading Platforms In Uzbekistan 2024 Comparison

Best Forex Trading Platforms In Uzbekistan 2024 Comparison
Broker Forex Assets EUR/USD Spread Forex App Rating Minimum Deposit Regulator Visit
Vantage logo
55+ 0.0
$50 FCA, ASIC, FSCA, VFSC Visit
IC Markets logo
75 0.02
$200 ASIC, CySEC, FSA Visit
AvaTrade logo
50+ 0.9
$100 ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit
FOREX.com logo
80+ 1.2
$100 NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA Visit
Pepperstone logo
100+ 0.1
$0 FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
XM logo
55+ 1.6
$5 ASIC, CySEC, DFSA, FSC, FSCA Visit
Eightcap logo
50+ 0.0
$100 ASIC, FCA, xCySEC, SCB Visit
PrimeXBT logo
45+ Variable
$0 - Visit
IQ Option logo
60+ 14 pips
$10 - Visit
IG logo
80+ 0.8
$0 FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA Visit
FxPro logo
70+ 1.58 pips (Ave)
$100 FCA, CySEC, FSCA, SCB, FSC Visit
FXCC logo
70+ 0.2
$0 CySEC Visit
XTB logo
70+ 1.0
$0 FCA, CySEC, KNF, CNMV, DFSA, FSC Visit
Plus500 logo
60+ 0.6
$100 FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA Visit
Markets.com logo
67 0.70 pips (var)
$100 FCA, CySEC, ASIC, FSCA, FSC Visit

#1 - Vantage

Why We Chose Vantage

Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

- DayTrading Review Team
  • GBPUSD Spread: 0.5
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.5
  • Total Assets: 55+
  • Leverage: 1:500
  • Platforms: ProTrader, MT4, MT5, TradingView, DupliTrade

#2 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • GBPUSD Spread: 0.23
  • EURUSD Spread: 0.02
  • EURGBP Spread: 0.27
  • Total Assets: 75
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade

#3 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • GBPUSD Spread: 1.5
  • EURUSD Spread: 0.9
  • EURGBP Spread: 1.5
  • Total Assets: 50+
  • Leverage: 1:30 (Retail) 1:400 (Pro)
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade

#4 - FOREX.com

Why We Chose FOREX.com

Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • GBPUSD Spread: 1.3
  • EURUSD Spread: 1.2
  • EURGBP Spread: 1.4
  • Total Assets: 80+
  • Leverage: 1:400
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

#5 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

- DayTrading Review Team
  • GBPUSD Spread: 0.4
  • EURUSD Spread: 0.1
  • EURGBP Spread: 0.4
  • Total Assets: 100+
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade

How We Rate Forex Brokers In Uzbekistan

We concentrate on these areas when rating forex brokers and suggest you do too:

Trust

Find a trustworthy broker to help protect you from forex trading scams, such as those the Uzbekistan Central Bank discovered were tricking customers by posing as legitimate investment firms and promising access to the financial markets in exchange for “payment in foreign currency.”

Our recommendation is to choose a long-standing forex broker authorized by ‘green-tier’ regulators, such as the ASIC in Australia or the FCA in the UK. In our experience, they often provide the most transparent forex trading conditions and should follow rules to protect retail investors.

  • There’s good reason AvaTrade maintains its near-perfect 4.8/5 Trust rating (no broker can ever be fully trusted). It boasts licenses from a host of top regulators including ASIC and CySEC, and it’s maintained a sterling reputation over nearly 20 years in the forex industry.

Currency Pairs

Look for a forex broker that allows you to trade the currencies you’re interested in.

While this may be the Uzbekistani som (UZS), our years evaluating hundreds of forex trading platforms show this is rarely available. However, traders in Uzbekistan may find regional currencies they’re familiar with such as Russian roubles (RUB).

USD/UZS forex chart on TradingView Platform
TradingView – USD/UZS

Ultimately, the best forex brokers tend to offer upwards of 50 currency pairs, with majors, minors and more volatile exotics, catering to various strategies.

  • Pepperstone continues to stand out in the market with its 100+ currency pairs, offered with tight spreads including a 0.1-pip average on the EUR/USD. Combine this with its fantastic platform selection and you’ll see why we’ve awarded this brand our ‘Best Forex Broker’ twice now.

Pricing

Choosing a low-cost forex broker is important for all traders, but it’s especially important if you’re forex day trading and racking up charges by placing multiple trades per day.

We always weigh up trading fees such as spreads on currency pairs, plus non-trading fees such as charges to deposit in UZS, and consider these in relation to the full range of services offered.

We’ve also been pleased to find many forex brokers nowadays offering a choice between spread-only pricing, which tends to suit newer traders, and raw pricing with tight spreads and a commission charged per forex lot, which tends to keep costs down for experienced day traders.

  • IC Markets consistently ranks as one of the cheapest forex brokers following years of tests, delivering ultra-tight spreads on both its Raw and Standard accounts, as well as superior execution speeds averaging 35 milliseconds, helping active traders lock in optimal prices in fast-moving foreign exchange markets.

Forex Platforms

Choose a user-friendly, well-equipped platform or app. This can make a huge difference to your forex trading experience, especially for day traders looking for robust charting tools.

In our experience, advanced traders often enjoy the MetaTrader 4 and MetaTrader 5 platforms, which provide charting power, plenty of indicators, trading robots and more.

However, we’re increasingly seeing newer platforms like TradingView and in-house terminals rival the MetaTrader suite in terms of features, from integrated analysis tools to insights into central bank decisions, all while being more intuitive for beginners.

I recommend using a demo account to make sure you like the platform before trading forex.

Available at all our recommended brokers, I find them the best way to make sure you enjoy using the software and that they provide the features you need.

author image
Michael MacKenzie
Author
  • FOREX.com offers superb forex trading tools, thanks to its suite of MetaTrader platforms plus TradingView and a bespoke app with one of the slickest designs I’ve seen. There’s also a range of signals and analyses from Trading Central and AutoChartist, giving traders flexible ways to research foreign exchange markets.

Account Funding

Select a broker with convenient ways to fund your trading wallet with Uzbekistani Soms.

Many of the best forex brokers in Uzbekistan accept both classic card and wire payments, as well as e-wallets like Skrill, which we see increasingly as the preferred way of making cross-currency payments.

These digital payment methods are also growing more popular in Uzbekistan, where Finextra reports that there were 47 licensed payment companies and some 12 million users of digital payment services in 2023.

💡
With around 90% of Uzbekistan Muslim, you may want a forex broker with an Islamic account. These comply with Sharia law by removing interest payments on currency trades.
  • Vantage is still our top pick for account options in Uzbekistan because it provides an Islamic account, accepts a low 50 USD (around 635,000 UZS) minimum deposit and supports convenient funding options including Skrill and other e-wallets. It’s also a highly trusted forex trading platform with 900,000+ clients and ASIC regulation.

Methodology

To compile a list of the best forex trading platforms in Uzbekistan, we took our database of nearly 500 online brokers, identified those accepting traders from Uzbekistan and listed them by their rating, which factor in whether:DayTrading.com broker testing methodology overview

  • They are trusted and authorized by a regulator if not the Uzbekistan Central Bank.
  • They offer a wide range of currency pairs catering to different strategies.
  • They deliver excellent pricing with no hidden costs for forex traders.
  • They support intuitive and dependable forex platforms following tests.
  • They offer convenient account funding in local currencies like UZS.

FAQ

Forex trading is legal in Uzbekistan, and the removal of capital controls in 2017 means you can now sign up with international brokers since cross-currency transactions are allowed.

Still, we recommend checking the latest rules regarding taxes on forex trading profits with the Uzbekistan Tax Committee to make sure you understand your obligations.

Who Regulates Forex Trading In Uzbekistan?

The Central Bank of the Republic of Uzbekistan is responsible for regulating the country’s financial markets, but it does not play an active role in licensing forex brokers.

As a result, many residents turn to forex trading platforms that are authorized by trusted regulators like the UK’s FCA or Australia’s ASIC.

How Much Money Do I Need To Start Trading Forex In Uzbekistan?

The exact amount depends on the forex trading platform you choose, but out of the hundreds we’ve reviewed very few require more than 250 USD, around 315 million UZS.

That said, many forex brokers are significantly more affordable, appealing to budget traders. Pepperstone, for example, doesn’t require any initial deposit.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com