Best Forex Trading Platforms In Uzbekistan 2025
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 (local tax rules still apply).
Discover the best forex trading platforms in Uzbekistan, personally tested by our experts. Every broker listed accepts forex traders from Uzbekistan.
6 Top Forex Trading Platforms In Uzbekistan
Following our extensive tests, these 6 brokers emerge as the best for forex traders in Uzbekistan:
This is why we think these brokers are the best in this category in 2025:
- XM - XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.8 pips on the EUR/USD in the commission-free account.
- 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.
- 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.
- AvaTrade - AvaTrade delivers 50+ currency pairs with tight spreads from 0.9 pips and zero commissions. Trade majors, minrs, and exotics 24/5 on leading forex platforms, notably MT4, with sophisticated charting tools and forex education to sharpen your edge, including a dedicated guide to 'Currency Trading'.
- 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.
- Eightcap - Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market.
Best Forex Trading Platforms In Uzbekistan 2025 Comparison
| Broker | Forex Assets | EUR/USD Spread | Forex App Rating | Minimum Deposit | Regulator |
|---|---|---|---|---|---|
| XM | 55+ | 0.8 | / 5 | $5 | ASIC, CySEC, DFSA, IFSC |
| Vantage | 55+ | 0.0 | / 5 | $50 | FCA, ASIC, FSCA, VFSC |
| IC Markets | 75 | 0.02 | / 5 | $200 | ASIC, CySEC, FSA, CMA |
| AvaTrade | 50+ | 0.9 | / 5 | $100 | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
| Pepperstone | 100+ | 0.1 | / 5 | $0 | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
| Eightcap | 50+ | 0.0 | / 5 | $100 | ASIC, FCA, CySEC, SCB |
XM
"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."
Christian Harris, Reviewer
XM Quick Facts
| Bonus Offer | $30 No Deposit Bonus When You Register A Real Account |
|---|---|
| GBPUSD Spread | 0.8 |
| EURUSD Spread | 0.8 |
| EURGBP Spread | 1.5 |
| Total Assets | 55+ |
| Leverage | 1:1000 |
| Platforms | MT4, MT5, TradingCentral |
| Account Currencies | USD, EUR, GBP, JPY |
Pros
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
- XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.
- XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
Cons
- Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM is falling behind the curve by not offering cTrader and TradingView which are increasingly being favored over MetaTrader for their smoother user experience and superior charting packages.
Vantage
"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."
Vantage Quick Facts
| Bonus Offer | 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme |
|---|---|
| GBPUSD Spread | 0.5 |
| EURUSD Spread | 0.0 |
| EURGBP Spread | 0.5 |
| Total Assets | 55+ |
| Leverage | 1:500 |
| Platforms | ProTrader, MT4, MT5, TradingView, DupliTrade |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN |
Pros
- There are no short-term strategy restrictions with hedging and scalping permitted
- Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
- It’s quick and easy to open a live account – taking less than 5 minutes
Cons
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
IC Markets
"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."
IC Markets Quick Facts
| 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, Quantower |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
- IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
- As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
Cons
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
- While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
AvaTrade
"AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets."
AvaTrade Quick Facts
| Bonus Offer | 20% Welcome Bonus up to $10,000 |
|---|---|
| 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 |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- AvaTrade continues to enhance its suite of products, recently through AvaFutures, providing an alternative vehicle to speculate on over 35 markets with low day trading margins.
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
Cons
- Although the deposit process itself is smooth, AvaTrade still doesn’t facilitate crypto payments, a feature increasingly offered by brokers like TopFX, which caters to crypto-focused traders.
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
Pepperstone
"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."
Pepperstone Quick Facts
| 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, Quantower |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates up to 30% (index and commodities) and $3/lot (forex) through the Active Trader program.
- Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
Cons
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app.
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
- Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
Eightcap
"Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."
Eightcap Quick Facts
| GBPUSD Spread | 0.1 |
|---|---|
| EURUSD Spread | 0.0 |
| EURGBP Spread | 0.1 |
| Total Assets | 50+ |
| Leverage | 1:500 |
| Platforms | MT4, MT5, TradingView |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD |
Pros
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
Cons
- Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
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).
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.
- 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.
- 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 220 online brokers, identified those accepting traders from Uzbekistan and listed them by their rating, which factor in whether:
- 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
Is Forex Trading Legal In Uzbekistan?
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.
Recommended Reading
Article Sources
- Central Bank of Uzbekistan
- Uzbekistan Tax Committee
- Finextra report on digital payments in Uzbekistan
- Islam in Uzbekistan - Wikipedia
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