FP Markets vs Global Prime: Which Broker is Better for Uruguay Traders? (2026)

For Uruguay traders, trading costs directly impact profitability, especially when trading USD/UYU or major pairs like EUR/USD. FP Markets offers spreads from 0.0 pips on its Raw account with a $3 commission per lot, while the Standard account has spreads from 1.0 pips with no commission. Global Prime provides raw spreads from 0.0 pips but charges $3.50 per lot, making it marginally more expensive for frequent traders. For a Uruguay trader executing 10 standard lots per month on EUR/USD, FP Markets would cost around $30 in commission plus floating spreads, versus $35 at Global Prime. Swap rates are competitive for both, but FP Markets’ Islamic account option (swap-free) can be valuable for long-term holding of USD/UYU positions. Overall, FP Markets has a slight cost advantage for active Uruguay traders.

Uruguay traders value platform stability and mobile access given varying internet speeds. FP Markets offers MetaTrader 4, MetaTrader 5, and IRESS – a robust solution for advanced charting and order types. Global Prime focuses solely on MetaTrader 4, which is sufficient for most retail traders but lacks MT5’s multi-asset capabilities. Both platforms support automated trading via Expert Advisors (EAs) and are available in Spanish. FP Markets’ IRESS platform provides direct market access (DMA) for equity CFDs, appealing to Uruguayans interested in U.S. stocks. Global Prime’s WebTrader and mobile app are clean and intuitive, but FP Markets offers broader choice. For local usage, both perform well on mobile networks in Uruguay, but FP Markets’ multiple platform options give it the edge.

Execution quality matters for Uruguay traders dealing with volatile Latin American sessions. FP Markets uses Equinix NY4 servers and offers ECN execution with no dealing desk interference, achieving order execution under 40ms. Global Prime also uses low-latency infrastructure with a focus on transparency and straight-through processing (STP). Both brokers report no requotes on market orders. FP Markets has a slight advantage with dedicated DMA via IRESS, but for typical forex trades on MT4, execution is comparable. Slippage during major news events is minimal on both, but FP Markets’ deeper liquidity pool reduces slippage risk for large positions.

Neither FP Markets nor Global Prime is regulated by Uruguay’s local financial regulator (Banco Central del Uruguay – BCU). However, both hold licenses from major authorities: FP Markets is regulated by ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles). Global Prime is licensed by the VFSC (Vanuatu) and ASIC. For Uruguay traders, this means client funds are protected under the respective jurisdictions, but not under BCU deposit insurance. It is advisable to use segregated accounts offered by both brokers. FP Markets’ additional ASIC regulation provides a stronger safety net, as ASIC imposes strict client money rules. Uruguay traders should verify that their chosen broker complies with anti-money laundering (AML) policies, which both do. Always check the legal status for Uruguay residents to ensure compliance with local tax laws.

Uruguay traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 with both brokers. FP Markets also accepts credit/debit cards and Fasapay, while Global Prime keeps the list leaner but efficient. Bank Transfers from Uruguay typically take 1–3 business days, while Skrill and Neteller are instant. USDT TRC20 deposits are processed within minutes and are increasingly popular among crypto-savvy Uruguay traders for speed and low fees. Withdrawals follow the same methods; FP Markets processes within 24 hours for e-wallets, Global Prime within 48 hours. Neither broker charges deposit fees, but bank wire fees from Uruguayan banks may apply. FP Markets offers free withdrawals once per month; Global Prime also offers one free withdrawal per month. For high-volume traders, the speed of USDT TRC20 is a major advantage.

For Muslim traders in Uruguay who require swap-free accounts to comply with Sharia law, both FP Markets and Global Prime offer Islamic accounts. FP Markets provides swap-free accounts on all standard account types, available upon request. The account remains swap-free indefinitely, but after 30 days of continuous trades, certain swap restrictions may apply on exotic pairs. Global Prime offers Islamic accounts directly without a holding period, applicable to all instruments. No additional fees are charged for opening an Islamic account. For Uruguay traders holding long-term positions in USD/UYU or other pairs, these accounts eliminate overnight swap costs. FP Markets’ policy is slightly more flexible for active traders, while Global Prime is simpler for beginners.

Customer support for Uruguay traders is available in English and Spanish at both brokers. FP Markets offers 24/5 live chat, email, and phone support with a dedicated account manager for higher-tier accounts. Global Prime provides 24/5 live chat and email, with response times averaging under 2 hours. Given the time zone difference (Uruguay GMT-3), both align well with local trading hours. FP Markets’ Spanish-speaking support team is more responsive via phone, which many Uruguay traders prefer for urgent inquiries. Global Prime’s support is professional but less personalized.