Degiro Review 2026: Is It Suitable For Uzbekistan Traders?
Snapshot for Uzbekistan traders
PROS for Uzbekistan Traders
- Strong regulation by AFM and BaFin, providing high safety for Uzbekistan traders
- No minimum deposit, making it accessible to small retail investors
- Supports Skrill and USDT deposits, which are convenient in Uzbekistan
- Low trading fees and no commission on many stock ETFs
- Negative balance protection and compensation scheme up to €20,000
CONS for Uzbekistan Traders
- No MetaTrader 4/5, cTrader, or TradingView — unsuitable for advanced forex traders
- Only 1:10 leverage for retail forex, much lower than typical brokers in Uzbekistan
- No Islamic swap-free account for Muslim traders
- No local support in Uzbek or Russian, only English, Dutch, German
- Limited educational and research tools focused on investing, not forex trading
Broker review
DEGIRO Overview for Uzbekistan
DEGIRO is a Dutch online broker founded in 2008 and headquartered in Amsterdam. It is one of Europe’s largest discount brokers, with over 3 million registered clients and a strong reputation for low-cost investing. For Uzbekistan traders, DEGIRO offers access to global markets — including stocks, ETFs, futures, and a limited selection of forex pairs — at some of the lowest fees in Europe.
However, DEGIRO is not primarily a forex broker. Its main focus is on long-term securities trading, not active retail forex. Retail clients are limited to 1:10 leverage under EU regulations, and the proprietary platform does not support popular tools like MetaTrader. For Uzbekistan traders comfortable with a simple platform and willing to trade fewer currency pairs, DEGIRO can offer a reliable, low-cost entry into international markets. Deposit flexibility is a strong plus, with Skrill and USDT available for faster funding than traditional bank wires.
| Detail | Information |
|---|---|
| Founded | 2008 |
| Headquarters | Netherlands |
| Regulated by | AFM,BaFin |
| Min Deposit | $0 |
| Max Leverage | 10 |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
Regulation & Safety — Is DEGIRO Safe for Uzbekistan?
DEGIRO is supervised by two of Europe’s most respected regulators: the Netherlands Authority for the Financial Markets (AFM) and Germany’s Federal Financial Supervisory Authority (BaFin). Its AFM license number is 12033817, and its BaFin ID is 151746. It is also a member of the Dutch investor compensation scheme, which protects client cash and securities up to €20,000 should the broker fail.
For Uzbekistan traders, this means a high level of regulatory safety — far stronger than most unlicensed offshore brokers commonly marketed in Central Asia. However, DEGIRO does not have a local presence or license in Uzbekistan, and traders are responsible for ensuring that using a foreign broker complies with local laws. The Uzbekistan financial market regulator does not currently issue retail forex licenses to foreign firms, so traders should act cautiously and fully understand the cross-border nature of their account.
Spreads & Trading Costs 2026
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
Account Types for Uzbekistan Traders
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | No |
| Scalping Allowed | No |
| Hedging Allowed | No |
| Expert Advisors (EA) | No |
| Copy Trading | No |
Trading Platforms Available
Deposits & Withdrawals — Uzbekistan Guide
Islamic Account — Uzbekistan Muslim Traders
DEGIRO does not provide Islamic accounts or swap-free trading. All forex positions left open overnight incur swap fees, which are based on the interest rate differential between the two currencies. This conflicts with Sharia principles, which prohibit charging or earning interest (riba).
Uzbekistan’s Muslim traders will therefore need to look at alternative brokers that explicitly offer Islamic accounts with zero swap charges, and often with a small administrative fee once per year. DEGIRO’s lack of this option is a notable downside, as it excludes a significant segment of the local population from trading on their platform. The broker has not publicly indicated any plans to introduce swap-free accounts.
| Feature | Details |
|---|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Instruments & Markets in Uzbekistan
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03-$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Education & Research Tools
Customer Support — Uzbekistan Review
Common Mistakes Uzbekistan Traders Make with DEGIRO
- Mistake: Assuming DEGIRO supports MT4/5 — download before you commit and check if its platform meets your charting and automation needs.
- Overlooking the 1:10 leverage cap and then planning a high-lot forex strategy that exceeds your risk tolerance.
- Forgetting that no Islamic account means overnight swap charges accumulate on every forex position held after 23:59 CET.
- Using bank transfer when USDT or Skrill would be faster and cheaper for depositing funds from Uzbekistan.
Trust, comparison and news
DEGIRO vs Competitors in Uzbekistan
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| DEGIRO (current) | $0 | Check broker | No | No | 3.4 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
Security & Fund Protection — DEGIRO
Segregated Funds
Negative Balance Protection
Top-tier Regulation
DEGIRO User Reviews & Ratings
Trustpilot Rating
CompareBroker Expert Rating
What traders love
Common complaints
Final Verdict — Is DEGIRO Worth It for Uzbekistan Traders?
DEGIRO is an excellent broker for long-term investors and occasional stock traders. Its regulatory strength, zero minimum deposit, and support for Skrill and USDT funding are attractive for start-up investors in Uzbekistan. However, as a forex broker, DEGIRO is seriously limited: the proprietary platform lacks the tools most traders rely on, leverage is capped at 1:10, and there is no Islamic account.
We would only recommend DEGIRO to Uzbekistan residents who want to buy global stocks or ETFs and are comfortable with a basic interface. Active forex traders — especially those using scalping or expert advisors — should look elsewhere. If your main goal is forex trading with flexible leverage and MT4/5 support, explore regulated international brokers that accept clients from Uzbekistan and offer more suitable conditions.
