Which broker is better for Uzbekistan traders in 2026? Expert analysis across 12 categories.
Forex.com and Tickmill are two well-known international brokers available to retail traders in Uzbekistan. While Forex.com has a larger global presence with a score of 3.4/5, Tickmill outperforms it locally with a strong 4/5 rating, thanks to lower costs and better support for local payment methods. Uzbekistan traders increasingly seek brokers that accept USDT TRC20, Skrill, and Neteller — both platforms support these options, but Tickmill offers more flexibility. The local financial regulator in Uzbekistan does not directly oversee these brokers, but trading with regulated entities like Forex.com (FCA, CFTC) or Tickmill (FCA, CySEC) adds a layer of trust. This comparison helps Uzbek retail traders decide which broker aligns best with their trading style, budget, and accessibility needs in 2025.
| Instrument | Forex.com | Tickmill | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Tickmill |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Tickmill |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Tickmill |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Tickmill |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $100 | Tie |
When comparing trading costs for Uzbekistan traders, Tickmill clearly leads with tighter spreads and lower commissions. Tickmill's Raw Spread account offers spreads from 0.0 pips on EUR/USD with a commission of $2 per side per lot, while Forex.com's standard account averages 1.0–1.2 pips with no commission. For a trader executing 10 lots per month in Uzbekistan, Tickmill can save up to $200–300 monthly. Forex.com's higher spreads may be offset by its broader research tools, but for cost-conscious traders, Tickmill provides better value, especially when using local payments like USDT TRC20 that keep deposits efficient.
| Account Type | Forex.com | Tickmill |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✗ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $100 |
| Entity / Asset | Forex.com | Tickmill |
|---|---|---|
| Uzbekistan (offshore) | Up to 1:50 | Up to 1:1000 |
| Forex major pairs | 1:50 | 1:1000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | Forex.com | Tickmill | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Forex.com |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Forex.com |
| Crypto CFDs | 30+ | ✗ | Forex.com |
| Stocks / Share CFDs | ✗ | ✗ | Tickmill |
| ETFs | ✗ | ✗ | Tie |
| Platform | Forex.com | Tickmill |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers offer MetaTrader 4 and MetaTrader 5, though Forex.com also provides its proprietary Web Trader and TradingView integration. For Uzbekistan traders familiar with MT4/MT5, either broker works well. Tickmill's platforms are known for stable execution and support for automated trading via Expert Advisors. Forex.com's proprietary platform offers advanced charting but may have a learning curve. Mobile trading is robust on both, essential for Uzbekistan traders who often use smartphones. Overall, Tickmill's MT4/MT5 focus may be more appealing for experienced retail traders.
| Factor | Forex.com | Tickmill | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Tickmill |
| Avg execution speed | ~30ms | ~40ms | Forex.com |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Execution quality is crucial for Uzbekistan traders, especially those using scalping or automated strategies. Tickmill uses an STP/ECN model with no dealing desk intervention, offering ultra-low latency and fills from top liquidity providers. Forex.com also uses STP execution but may have occasional requotes during high volatility. Tickmill's average execution speed of under 30ms outperforms Forex.com's 50–100ms. For algorithmic traders in Uzbekistan using MT4/MT5, Tickmill provides a more reliable execution environment.
| Safety Factor | Forex.com | Tickmill |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Forex.com is regulated by top-tier authorities including the FCA (UK), CFTC (US), and ASIC (Australia), offering strong fund protection. Tickmill is regulated by the FCA, CySEC, and FSA (Seychelles), with client funds held in segregated accounts. While Uzbekistan's local financial regulator does not directly supervise these brokers, traders benefit from the safety standards of these jurisdictions. Forex.com may appeal to traders seeking maximum regulatory oversight, while Tickmill's multi-regulatory framework offers a good balance of security and flexibility for Uzbekistan retail traders.
| Payment Method | Forex.com | Tickmill |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✗ | ✓ |
| Neteller | ✗ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | 1 to 3 business days | Most withdrawals 1 business day; bank wire 1-3 days, Credit/Debit Cards: Up to 8 working days. |
For Uzbekistan traders, deposit and withdrawal methods are critical. Tickmill supports Bank Transfer, Skrill, Neteller, and USDT TRC20, along with Perfect Money and STICPAY — covering most local preferences. Forex.com also accepts Bank Transfer, Skrill, and Neteller, but does not support USDT TRC20 directly, which is a disadvantage for crypto-friendly Uzbek traders. Withdrawals at Tickmill are processed within 24 hours for e-wallets and USDT, while Forex.com takes 1–3 business days. Both brokers charge no fees for deposits, but Tickmill offers faster processing, making it more convenient for active traders in Uzbekistan.
| Islamic Account Feature | Forex.com | Tickmill |
|---|---|---|
| Swap-free available | ✗ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Islamic (swap-free) accounts are available at both Forex.com and Tickmill, allowing Uzbekistan's Muslim traders to trade without interest charges. Tickmill provides swap-free accounts across all account types automatically upon request, with no additional fees. Forex.com offers Islamic accounts but may apply administration charges after a certain holding period. Both brokers require valid justification for swap-free status. For long-term position traders in Uzbekistan, Tickmill's more transparent Islamic account policy is advantageous, while Forex.com's policy may suit shorter-term trading styles.
| Support Feature | Forex.com | Tickmill | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Forex.com |
Customer support for Uzbekistan traders is adequate at both brokers. Tickmill offers 24/5 live chat, email, and phone support in multiple languages including Russian, which is widely spoken in Uzbekistan. Forex.com provides 24/5 support mainly in English, with limited Russian assistance. Tickmill's Russian-language support and faster response times make it more accessible for local traders. Both brokers have extensive FAQ sections, but Tickmill's localized support is a clear advantage for Uzbekistan.
| Mobile Feature | Forex.com | Tickmill | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Forex.com |
| Google Play rating | 4.3 stars | 4.2 stars | Forex.com |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Forex.com | Tickmill | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | Forex.com |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Forex.com |
Choose Forex.com if you...
Choose Tickmill if you...
For retail traders in Uzbekistan, Tickmill is the stronger choice overall with a 4/5 rating compared to Forex.com's 3.4/5. Tickmill's lower trading costs, faster execution, and excellent support for local payment methods like USDT TRC20, Skrill, and Neteller make it more suited to the Uzbek market. While Forex.com offers robust regulation and extensive research, Tickmill provides better value and convenience. Both brokers are accessible to Uzbekistan traders without local regulatory restrictions, but Tickmill's focus on cost efficiency and Russian-language support gives it an edge. For 2025, Tickmill is the recommended broker for most Uzbek retail traders.