Best Forex Brokers in Uruguay for 2026
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Uruguay based on our analysis:
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AvaTrade - Best Forex broker in Uruguay - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. A rich set of educational resources and market analysis. - 3
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 4
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 5
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 6
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ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 8
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 9
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 10
FreshForex - Extensive experience (since 2004). Minimum deposit from $25. Wide selection of currencies and cryptocurrencies for accounts.
This comprehensive guide is tailored to assist you in discovering a broker that seamlessly aligns with your trading strategy while safeguarding your investments. Each broker featured here stands out with its distinctive offerings, cutting-edge technology, and rigorous security protocols, ensuring an exceptional trading experience in Uruguay's dynamic Forex market.
Comparison of the Best Forex Brokers in Uruguay
| Broker |  AvaTrade |  Libertex |  FP Markets |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.7/5 |
| Foundation Year | 2005 | 1996 | 2005 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Saint Vincent and the Grenadines, Belarus, Cyprus, Mauritius | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles |
| Regulators | Central Bank of Ireland Central Bank of Ireland KNF KNF FCA FCA BVIFSC BVIFSC ASIC ASIC FSCA FSCA JFSA JFSA JFFA JFFA FSRA FSRA ISA ISA CIRO CIRO | SVGFSA SVGFSA НБ РБ НБ РБ CySEC CySEC FSC FSC | ASIC ASIC CySEC CySEC FSCA FSCA SVGFSA SVGFSA SFSA SFSA |
| Minimum Deposit |
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| Trading Accounts |
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| Spread | from 0.6 points | from 0 points | from 0 points |
| Trading Assets (CFDs) |
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| Review | AvaTrade Review | Libertex Review | FP Markets Review |
| Broker Comparison | |||
| RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
List of the Best Forex Brokers in Uruguay for 2026
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. Libertex
Libertex is an established broker with a broad range of instruments and a solid educational base. The Libertex and MT4/MT5 platforms support both self-directed trading and ready-made solutions: copy trading (Libertex Social), model portfolios, and curated investment ideas.
Traders get multiple account types for different styles, competitive costs with zero deposit fees, and convenient funding/withdrawal options. Regular research, an economic calendar, and trading signals help with planning and risk management. A limitation is the absence of fixed-spread and Islamic accounts, which may matter to some investors.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- A rich set of educational resources and market analysis.
- Strong platform lineup: proprietary Libertex and professional MT4/MT5.
- Copy trading and investing in stocks and ETFs are available.
- Instant, fee-free deposits and a wide choice of funding and withdrawal methods.
Cons
- An inactivity fee applies.
- No fixed-spread accounts and no Islamic accounts.
3. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
4. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
5. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
6. Plus500
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
7. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
8. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
9. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
10. FreshForex
FreshForex is a broker with a long history in the market, a wide selection of trading accounts, high leverage, and an affordable minimum deposit. It is suitable for active traders who value flexibility in choosing trading instruments, are interested in high-risk strategies, and are willing to work with an offshore company without licenses from leading global regulators. Thanks to the availability of a demo account, a variety of analytical materials, and training courses, FreshForex may also be of interest to novice traders who want to hone their skills without making large investments.
Pros and Cons of FreshForex
Pros
- Extensive experience (since 2004).
- Minimum deposit from $25.
- Wide selection of currencies and cryptocurrencies for accounts.
- Various analytical and educational materials.
Cons
- No licenses from reputable regulators.
- High spreads and commissions on a number of instruments.
- No PAMM accounts or copy trading.
- No online chat or support via messengers.
Regulation of Forex Brokers in Uruguay
The regulatory framework for Forex and CFD brokers in Uruguay is robust and designed to ensure the fairness and transparency of trading activities.
Key Regulatory Bodies in Uruguay
Banco Central del Uruguay (BCU): The BCU is the main regulatory authority responsible for supervising and regulating financial institutions, including Forex brokers. It ensures compliance with regulations to maintain the integrity of the financial system and protect investors' interests.
Unidad de Información y Análisis Financiero (UIAF): This unit is part of the BCU and focuses on preventing money laundering and terrorism financing, adding another layer of security for investors in the Forex market.
Verifying Broker Authorization
To confirm a broker's authorization under the BCU, traders can utilize the BCU's online resources. This platform allows investors to verify if a Forex broker is regulated and authorized to operate in Uruguay. Brokers typically display their regulatory status under the BCU on their websites.
Traders should look for the broker’s name in the BCU’s listings for assurance. Additional information on broker licensing and regulation can be found on various financial market websites and platforms for more comprehensive verification.
How We Compiled the List of Top Forex Brokers in Uruguay
Our method for identifying the premier Forex trading platforms in Uruguay was conducted with rigorous precision and a comprehensive set of benchmarks:
We began by compiling an extensive list of all Forex brokers, ensuring alignment with our predefined criteria. Each broker was meticulously scrutinized through a detailed evaluation methodology to impartially assess their services and operational efficiency.
We prioritized brokers regulated by recognized financial authorities such as the FCA, ASIC, and CySEC. This ensures the brokers operate with transparency and adhere to strict financial standards.
Brokers were assessed on their trading conditions, including spreads, fees, minimum deposits, and the range of trading instruments available. We also evaluated the quality and usability of their trading platforms, with a preference for those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.
The quality of customer support was a crucial factor, focusing on the availability of support in Spanish and accessible communication channels. Additionally, we considered brokers that offer localized services, such as websites and educational resources in Spanish, to better serve Uruguayan traders.
Genuine feedback from traders who have used these brokers firsthand was incorporated to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.
FAQ
What is a Forex broker?
A Forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex brokers facilitate transactions between buyers and sellers and often offer additional services such as trading platforms, educational resources, and customer support.
How does a Forex broker work?
A Forex broker works by providing a trading platform where clients can execute trades on various currency pairs. The broker earns money through spreads, commissions, and sometimes fees. They also offer leverage, allowing traders to control larger positions with a smaller amount of capital.
How to choose the best Forex broker?
To choose the best Forex broker, consider factors such as regulatory compliance, trading conditions (spreads, fees, leverage), available trading platforms, customer support quality, and the range of financial instruments offered. It's also essential to read reviews and possibly test the broker with a demo account.
How can I ensure the safety of my funds with a broker?
Ensure the safety of your funds by choosing a broker that is regulated by reputable financial authorities. Check for secure deposit and withdrawal methods, segregated client accounts, and strong data protection policies. Reading user reviews and conducting thorough research can also help.
Is Forex trading legal in Uruguay?
Yes, Forex trading is legal in Uruguay. However, it is essential to trade with brokers that comply with local and international regulations to ensure a safe trading environment.
Can I trust Forex brokers in Uruguay?
You can trust Forex brokers in Uruguay if they are regulated by recognized financial authorities. Always verify a broker’s regulatory status and read reviews from other traders to assess their reliability and reputation.
What is the best Forex broker in Uruguay?
The best Forex broker in Uruguay depends on individual trading needs and preferences. Factors to consider include regulatory status, trading conditions, platform usability, customer service, and available financial instruments.
What trading platforms are available in Uruguay?
In Uruguay, popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and proprietary platforms from various brokers are available. These platforms offer a range of tools and features to enhance the trading experience. For more information on brokers offering MT5, visit the best Forex brokers Metatrader 5.
What deposit and withdrawal options do these brokers support?
Forex brokers in Uruguay typically support various deposit and withdrawal options, including bank transfers, credit/debit cards, e-wallets (such as Skrill and Neteller), and sometimes cryptocurrencies. It's important to check each broker’s specific options and associated fees.
Can I trade other assets with a Forex broker in Uruguay?
Yes, many Forex brokers in Uruguay also offer trading in other assets such as commodities, indices, stocks, cryptocurrencies, and CFDs (Contracts for Difference). Check the broker’s asset offerings to ensure they meet your trading needs.
Is Forex trading good for beginners?
Forex trading can be suitable for beginners if they take the time to educate themselves and use a demo account to practice. It's important to start with a reputable broker that offers educational resources, low minimum deposits, and strong customer support.
How much money do I need to start Forex trading?
The amount of money needed to start Forex trading varies by broker. Some brokers allow you to start with as little as $50, while others may require a higher minimum deposit. It’s crucial to start with an amount you can afford to lose.
What is CFD trading?
CFD (Contract for Difference) trading involves speculating on the price movements of various financial instruments without owning the underlying asset. CFDs can be traded on assets such as stocks, commodities, indices, and cryptocurrencies. To find the top brokers for CFD trading, check out the best CFDs brokers in Uruguay.
Can I make money with Forex trading in Uruguay?
Yes, it is possible to make money with Forex trading in Uruguay, but it involves significant risk. Success in Forex trading requires education, practice, a good trading strategy, and risk management. Many traders also benefit from using demo accounts to practice before trading with real money.
What is the best Forex trading app in Uruguay?
The best Forex trading app in Uruguay varies based on user preference. Popular choices include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and various proprietary apps offered by brokers. These apps provide robust features for trading on the go.
Is MT4 available in Uruguay?
Yes, MetaTrader 4 (MT4) is available in Uruguay. Many brokers offer MT4 due to its popularity, ease of use, and comprehensive trading tools, making it a preferred choice for both beginner and experienced traders. For more information, you can visit the best MT4 brokers.
