FP Markets vs FxOpen: Which Broker is Better for Uzbekistan Traders in 2026?

When comparing trading costs for Uzbekistan traders, FP Markets has a clear edge. On its Raw account, spreads start from 0.0 pips with a commission of $3 per lot per side. FxOpen's ECN account offers spreads from 0.1 pips with a $3.5 commission per lot per side. For a trader executing 10 lots per month on EUR/USD, FP Markets can save around $10-15 in total costs. Both brokers have no hidden fees, but FP Markets' lower spreads make it more cost-effective for active Uzbekistan traders.

FP Markets provides MetaTrader 4, MetaTrader 5, and cTrader, giving Uzbekistan traders a choice of powerful platforms with advanced charting and automated trading capabilities. FxOpen offers MT4, MT5, and its own WebTrader, but lacks cTrader. For Uzbekistan traders who need advanced tools like depth of market or custom indicators, FP Markets is the better choice. Both platforms are available in Russian and English, which is helpful for local users.

FP Markets offers ultra-fast execution with an average speed of under 30 milliseconds on its Raw account, ideal for scalpers and high-frequency traders in Uzbekistan. FxOpen's execution averages around 50 milliseconds on its ECN account, which is still good but slightly slower. For traders who prioritize speed, especially when trading volatile currency pairs like USD/UZS, FP Markets is the superior choice.

FP Markets is regulated by ASIC (Australia) and CySEC (Cyprus), while FxOpen is regulated by the FCA (UK) and CySEC. Neither broker is directly overseen by the local financial regulator in Uzbekistan, but both adhere to strict international standards. For Uzbekistan traders, this means your funds are held in segregated accounts and you have access to investor compensation schemes. FP Markets' ASIC regulation is particularly robust, offering high levels of client protection.

Both FP Markets and FxOpen support Bank Transfer, Skrill, Neteller, and USDT TRC20 for Uzbekistan traders. FP Markets also accepts Visa/Mastercard and PayPal, while FxOpen adds Perfect Money. Minimum deposits are $100 for FP Markets and $50 for FxOpen, making FxOpen more accessible for small accounts. Withdrawals are processed within 1-2 business days for e-wallets and USDT, while bank transfers may take 3-5 days. USDT TRC20 is particularly popular in Uzbekistan for its speed and low fees.

Both FP Markets and FxOpen offer Islamic (swap-free) accounts for Muslim traders in Uzbekistan. FP Markets provides these on request for all account types, while FxOpen offers them automatically for clients from Muslim-majority countries. These accounts do not charge or pay swap fees on overnight positions, complying with Sharia law. FP Markets' Islamic accounts have no time limit, whereas FxOpen may restrict them after 30 days for certain instruments. For long-term position traders in Uzbekistan, FP Markets is more accommodating.

FP Markets offers 24/5 customer support via live chat, email, and phone, with agents available in Russian. FxOpen provides 24/7 support but only in English and Russian during specific hours. For Uzbekistan traders, FP Markets' round-the-clock support is more reliable, especially during local trading hours. Both brokers have responsive teams, but FP Markets' multilingual support gives it an advantage.