Brokers With UAH Accounts
UAH trading accounts offer the Ukrainian hryvnia as the base currency. For Ukrainian traders, they reduce or eliminate currency conversion fees and facilitate convenient account management.
Explore our selection of the best brokers with UAH accounts, tested thoroughly by our analysts.
Best Brokers With UAH Accounts
These are the top 2 trading platforms that offer UAH accounts according to our tests:
Here is a short overview of each broker's pros and cons
- Exness - Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.
- Quotex - Established in 2019, Quotex is a binary broker that offers 400+ assets, including forex, stocks, indices, commodities, and cryptocurrencies. The platform emphasizes user-friendly features, complete with short-term contracts that span 5 seconds to 4 hours alongside payouts that can reach 95%.
Brokers With UAH Accounts Comparison
| Broker | UAH Account | Minimum Deposit | Markets | Regulator |
|---|---|---|---|---|
| Exness | ✔ | $10 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC |
| Quotex | ✔ | $10 | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos | - |
Exness
"After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."
Christian Harris, Reviewer
Exness Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC |
| Platforms | Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:Unlimited |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY |
Pros
- Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
- Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
- Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
Cons
- Retail trading services are unavailable in certain jurisdictions, such as the US and the UK, limiting accessibility compared to top-tier brokers like Interactive Brokers.
- Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
Quotex
"Quotex is ideal for binary traders looking to make short-term trades on global markets with above-average payouts of up to 95% and a platform that’s regularly improved, features daily trading signals, and proved intuitive for new users during testing. "
Quotex Quick Facts
| Bonus Offer | 30% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Platforms | Web Platform |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Account Currencies | USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH |
Pros
- The web-based platform and app are intuitive based on our hands-on tests, with a clean design and simple order execution. They include multiple indicators and built-in trading signals, making them practical solutions for both beginners and more experienced traders.
- Quotex lets you start trading with just $10, making it accessible for beginners and those wanting to test the platform with minimal risk. Withdrawals also start from $10, allowing easy access to funds.
- A free demo account with $10,000 in virtual funds lets new traders practice strategies and test the platform without risking real money. It's an excellent tool for beginners to gain experience.
Cons
- Quotex offers few market analysis tools and lacks real-time financial news, economic calendars, or in-depth research reports. Educational resources, such as courses, webinars, and expert insights, are also absent, making it less ideal for beginners.
- Customer service is only available via email and social media, which can lead to slow response times in our experience. Competitors like Videforex provide 24/7 live chat and phone support, ensuring you get help quickly during technical or withdrawal problems.
- Quotex is an offshore broker operating in a jurisdiction known for loose regulatory oversight. Unlike regulated brokers, it does not offer the same level of investor protection, dispute resolution, or fund security, making it riskier.
How Did We Choose The Best Brokers?
To find the best trading platforms with UAH accounts we:
- Searched our database of 219 online brokers and trading platforms
- Narrowed it down to all those that offer accounts based in the Ukrainian hryvnia
- Ranked them by their rating, drawing on 100+ data points and first-hand tests
What Is A UAH Account?
A UAH account is a trading account where the base currency is set to Ukrainian hryvnia.
This means that all transactions, including trades and deposits/withdrawals, are carried out in UAH.
As an example, I opened a UAH account with Exness below:
Do I Need A UAH Account?
A UAH account might work for you if:
- You live in Ukraine and earn money in UAH because holding funds in your local currency is more convenient.
- You want to trade regional markets like eastern and central European stocks or currency pairs like the UAH/USD or UAH/EUR, though we’ve found these forex assets are not commonly supported for trading at retail brokers.
- You are an overseas trader looking to gain exposure to diverse markets by holding funds in another currency.
How Can I Check If A Broker Offers An Account In Ukranian Hryvnia?
You can follow the same simple steps that we took to ensure all our recommended platforms offer a UAH account:
- Head to the account options section on the broker’s website and find the list of available base currencies.
- Check that ‘UAH’ is listed as a supported currency in Ukraine.
- Sign up for an account and select UAH as your base currency.
Pros & Cons Of UAH Trading Accounts
Pros
- Active Ukrainian traders using a UAH account may face fewer or zero currency conversion fees when depositing in their local currency.
- While not many brokers are overseen by the National Bank of Ukraine, we’ve found some of the top brokers with UAH accounts are regulated by trusted ‘green tier’ authorities like the Cyprus Securities and Exchange Commission (CySEC), notably Exness.
- UAH accounts make account and trade management more convenient for Ukrainian day traders who prefer to deal in a familiar currency, especially when executing a high volume of orders.
Cons
- UAH accounts are extremely uncommon compared to other key currencies like the EUR or USD (accounting for less than 1% of all the brokers we’ve evaluated), giving traders limited choice in terms of online brokers
- Our tests have found that local and regional markets such as Eastern European stocks and UAH currency pairs are also very uncommon at most brokers – disappointing for Ukranian traders looking to trade local assets in their home currency.
- You may still be subject to conversion fees on other international assets, such as US stocks. CMC Markets, for example, charges 0.5%.
FAQ
Which Is The Best Broker With A UAH Account?
We’ve thoroughly tested the best trading platforms with UAH accounts. See our list to find the right option for you.
How Much Does It Cost To Open A Trading Account Based In Ukrainian Hryvnia?
Most brokers will allow you to open a trading account for 250 USD (around 9,810 UAH) or less. However, we’ve seen some trading platforms with UAH accounts offering much less.
Exness, for example, allows you to start with just $10, making it an ideal choice for beginners or those on a budget. For more experienced investors, I’ve also been impressed with its superb selection of platforms and research tools.
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