Best Forex Brokers in Uruguay for 2026: Compare Top Regulated Platforms
⭐ Quick Verdict — Lowest Silver CFD Spread MT5 Brokers in Uruguay
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Best Trading Hours for Uruguay
Trading session times below are converted to local time for Uruguay, based on standard global forex market hours.
London – New York Overlap
London Session
New York Session
Tokyo / Asian Session
For traders in Uruguay, choosing a forex broker isn't just about low spreads—it's about navigating a market where the Uruguayan peso (UYU) is rarely traded directly, and most activity flows through USD, EUR, or GBP pairs. Unlike in the US or UK, Uruguay lacks a dedicated forex regulator; the Central Bank of Uruguay (BCU) oversees banking but doesn't license forex brokers. This means your broker's credibility hinges on offshore oversight from bodies like the FCA, ASIC, or CySEC. With Montevideo in UTC-3, the London session opens at 8 AM local time, and the New York overlap hits from 9 AM to 1 PM—prime hours for trading EUR/USD or GBP/USD. Our top 12 list, verified with real data, includes Pepperstone (4.4/5, $0 minimum) and XM Group (4.3/5, $5 minimum), both offering regulatory depth that matters when you can't rely on local consumer protection. Whether you're a beginner with $1 (FBS) or a scalper chasing tight spreads, Uruguay's unique time zone and regulatory gap demand brokers that combine low costs with ironclad oversight.
Top 12 Brokers in Uruguay
| Deposit Methods | Bank Wire, Credit/Debit Card, POLi, BPay, PayPal, Neteller, Skrill, UnionPay |
| Withdrawal Methods | Same methods as deposit |
| Withdrawal Time | Same business day if submitted before 07:00 AEST; otherwise next business day; bank wire several days |
| Withdrawal Fee | Costs and charges may vary depending on the jurisdiction. |
| Islamic Account | ✓ Available |
Pepperstone leads our Uruguay ranking with a 4.4/5 score and a $0 minimum deposit, making it highly accessible for traders in Montevideo or Ciudad de la Costa. Regulated by the FCA and ASIC, it offers strong oversight that aligns with Uruguay's preference for reputable international regulators. Its low spreads and fast execution suit the early afternoon London session overlap when Uruguay is UTC-3.
| Deposit Methods | Bank Wire, Visa/Mastercard, Skrill, Neteller, PayTrust88 (region-specific local methods vary) |
| Withdrawal Methods | Bank Wire, Visa/Mastercard, Skrill, Neteller, PayTrust88 (region-specific local methods vary) |
| Withdrawal Time | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days |
| Withdrawal Fee | No fee from broker; small fee possible on bank wire |
| Islamic Account | ✓ Available |
XM Group scores 4.3/5 and requires only a $5 minimum deposit, ideal for Uruguayan traders who want to start small without sacrificing regulatory protection from CySEC and ASIC. The broker offers flexible leverage and negative balance protection, which is valuable given Uruguay's peso volatility. Its platform supports Spanish-language customer service, a plus for local traders.
| Deposit Methods | Bank Card, Bank Wire, Skrill, Neteller, USDT/Crypto (BTC/ETH/USDC), Mobile Money (M-Pesa etc. - region specific) |
| Withdrawal Methods | Bank Card, Bank Wire, Skrill, Neteller, USDT/Crypto (BTC/ETH/USDC), Mobile Money (M-Pesa etc. - region specific) |
| Withdrawal Time | 24/7 automated; 98% instant to 24hrs; mobile money often instant; bank transfer 1-3 days |
| Withdrawal Fee | Zero internal fee; bank/processor fees may apply |
| Islamic Account | ✓ Available |
Exness (4.1/5) accepts deposits from $10 and is regulated by the FCA and CySEC, providing a trusted environment for Uruguay-based traders. The broker is known for instant withdrawals and unlimited leverage options, which appeal to traders managing UYU accounts. Its trading hours align well with the New York session, which overlaps Uruguay's late morning.
| Deposit Methods | Credit/Debit Card (Visa/Mastercard), Wire Transfer, Skrill/Neteller/WebMoney (NOT available for EU/Australian clients) |
| Withdrawal Methods | Credit/Debit Card (Visa/Mastercard), Wire Transfer, Skrill/Neteller/WebMoney (NOT available for EU/Australian clients) |
| Withdrawal Time | Card/e-wallet 24-48hrs after approval; Wire Transfer up to 7-10 business days |
| Withdrawal Fee | No fee from broker; banks/processors may charge |
| Islamic Account | ✓ Available |
AvaTrade scores 4.3/5 and requires a $100 minimum deposit, making it a solid choice for Uruguayan traders who prefer a mid-range entry point. Regulated by the Central Bank of Ireland (CBI) and ASIC, it offers fixed spreads and negative balance protection. Its platform supports automated trading via DupliTrade, useful for busy professionals in Uruguay's growing fintech sector.
| Deposit Methods | Bank/Wire Transfer, PayPal, Credit/Debit Card, Skrill, Neteller, UnionPay, BPay, FasaPay, POLi |
| Withdrawal Methods | Bank/Wire Transfer, PayPal, Credit/Debit Card, Skrill, Neteller, UnionPay, BPay, FasaPay, POLi |
| Withdrawal Time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days |
| Withdrawal Fee | No fee from broker; intermediary bank fees may apply on international wire |
| Islamic Account | ✓ Available |