10 Best Forex Brokers in Uzbekistan ☑️ Updated 2024*

 

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

 

 

10 Best Forex Brokers in Uzbekistan (2024)

 

1. ☑️ XTB – Overall, the Best Forex Broker in Uzbekistan
2. ☑️ XM – Excellent all-round offering
3. ☑️ HF Markets – Great Research and Education
4. ☑️ Exness – Competitive trading fees.
5. ☑️ AvaTrade – Choice of Fixed or Floating Spreads
6. ☑️ RoboForex – Multiple Bonus and Promotional Offers
7. ☑️ FBS – Best Forex Broker for Foreigners
8. ☑️ Pepperstone – Best MetaTrader 5 and cTrader Broker
9. ☑️ HYCM – The Best MetaTrader 4 Broker
10. ☑️ 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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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 $).

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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.

 

 

 

Pros and Cons

 

 

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 lamens 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.

 

 

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.

 

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Frequently Asked Questions

 

Is Forex Trading Legal in Uzbekistan?

Forex Trading in Uzbekistan is legal.

 

Is Forex Trading regulated in Uzbekistan?

Forex Trading in Uzbekistan is governed by the Central Bank.

 

What is XTB’s minimum deposit?

No minimum deposit is required.

 

Does XM offer different account types?

XM provides Micro, Standard, Ultra-Low, and Share accounts.

 

What are the fees for using HFM?

Fees vary depending on your account type and the instruments you choose.

 

Where is Exness based?

Exness is based in Cyprus with offices in the United Kingdom, South Africa, Nairobi, Curaçao, and the Seychelles.

 

Does AvaTrade offer copy trading?

AvaTrade provides ZuluTrade and DupliTrade.

 

What is RoboForex’s minimum deposit?

The minimum deposit is 10 USD.

 

Is FBS customer support available 24/7?

FBS provides 24/7 multilingual customer assistance.

 

What platforms does Pepperstone offer?

Pepperstone offers MetaTrader 4 and 5, cTrader, Capatalise.ai, and TradingView.

 

What can I trade with HYCM?

HYCM offers traders a wide selection of trading instruments, including forex, commodities, indices, stocks, and some cryptocurrency CFDs. 

 

Does easyMarkets offer Islamic accounts?

easyMarkets offers Sharia-compliant Islamic accounts without rolling fees for overnight holdings.