Which broker is better for Uzbekistan traders in 2026? Expert analysis across 12 categories.
For Uzbekistan traders looking to trade forex and CFDs, choosing between FP Markets and Libertex is a critical decision. FP Markets, rated 4.7/5, is a globally recognized broker known for its tight spreads, advanced platforms, and strong regulatory oversight. Libertex, rated 3.7/5, offers a simpler, user-friendly experience but with higher costs and fewer advanced features. Both brokers accept Uzbekistan clients and support local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20. However, FP Markets stands out for retail traders seeking lower trading costs and more flexibility. This comparison will help you decide which broker aligns with your trading goals in the Uzbek market.
| Instrument | FP Markets | Libertex | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Libertex |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Libertex |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Libertex |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Libertex |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $10 | Libertex |
When comparing trading costs for Uzbekistan traders, FP Markets offers a clear advantage. On its Raw spread account, you can trade major pairs like EUR/USD from 0.0 pips with a commission of $3 per lot per side. Libertex, on the other hand, uses fixed spreads that are typically wider—around 1.2 pips on EUR/USD—with no commission. For a trader executing 10 lots per day, FP Markets could save you over $200 monthly in spreads alone. This makes FP Markets more cost-effective, especially for active retail traders in Uzbekistan.
| Account Type | FP Markets | Libertex |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $10 |
| Entity / Asset | FP Markets | Libertex |
|---|---|---|
| Uzbekistan (offshore) | Up to 1:500 | Up to 1:999 |
| Forex major pairs | 1:500 | 1:999 |
| 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 | FP Markets | Libertex | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FP Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FP Markets |
| Crypto CFDs | 30+ | 20+ | FP Markets |
| Stocks / Share CFDs | 1,000+ | ✗ | Libertex |
| ETFs | ✓ | ✓ | Tie |
| Platform | FP Markets | Libertex |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✓ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FP Markets provides MetaTrader 4, MetaTrader 5, and cTrader, all of which are popular among Uzbekistan traders for their advanced charting, automated trading, and custom indicators. Libertex offers its proprietary web and mobile platform, which is easy to use but lacks the depth of MetaTrader. For Uzbekistan traders who value automation or algorithmic trading, FP Markets is the superior choice. Libertex is better suited for beginners who prefer a simpler interface.
| Factor | FP Markets | Libertex | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Libertex |
| Avg execution speed | ~30ms | ~40ms | FP Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
FP Markets uses ECN/STP execution with no dealing desk, ensuring fast order fills and minimal slippage. Libertex uses a market maker model, which can result in requotes and slower execution. For Uzbekistan traders who trade news or volatile markets, FP Markets' execution quality is superior, providing more reliable trade entries and exits.
| Safety Factor | FP Markets | Libertex |
|---|---|---|
| Primary regulator | ASIC | CySEC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FP Markets is regulated by top-tier authorities like ASIC (Australia) and CySEC (Cyprus), offering strong client fund protection. Libertex is regulated by the Financial Services Authority (FSA) in Seychelles, which provides less oversight. For Uzbekistan traders, FP Markets' regulation ensures higher transparency and security, though you should still check with the local financial regulator for any specific requirements. Libertex may be acceptable for casual traders but carries higher risk.
| Payment Method | FP Markets | Libertex |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours | 5 business days |
Uzbekistan traders can deposit and withdraw using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both brokers. FP Markets processes withdrawals within 24 hours for e-wallets and crypto, while bank transfers take 1-3 business days. Libertex also supports these methods but may have slightly longer processing times for withdrawals. Minimum deposits are low: FP Markets starts at $100 for standard accounts, while Libertex requires $50. USDT TRC20 is especially convenient for local traders due to speed and low fees. Always check for any deposit fees, though both brokers generally absorb them.
| Islamic Account Feature | FP Markets | Libertex |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both FP Markets and Libertex offer Islamic (swap-free) accounts for Uzbekistan Muslim traders. These accounts eliminate overnight interest charges, making them compliant with Sharia law. FP Markets provides Islamic accounts on all account types, including Raw and Standard, while Libertex offers them on its standard account. You must request the account during registration, and it is available for most forex pairs. FP Markets' wider range of account options gives it an edge for traders wanting more flexibility.
| Support Feature | FP Markets | Libertex | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FP Markets |
FP Markets offers 24/7 customer support via live chat, email, and phone, with Russian language support available—helpful for Uzbekistan traders. Libertex also provides 24/5 support with live chat and email, but lacks 24/7 availability. FP Markets' round-the-clock service is a clear advantage for traders in different time zones.
| Mobile Feature | FP Markets | Libertex | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FP Markets |
| Google Play rating | 4.3 stars | 4.2 stars | FP Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | FP Markets |
| Resource | FP Markets | Libertex | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FP Markets |
Choose FP Markets if you...
Choose Libertex if you...
For Uzbekistan traders, FP Markets is the clear winner with a 4.7/5 rating, lower trading costs, better regulation, and more platform choices. It supports local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, making deposits easy. Libertex is simpler and has a lower minimum deposit, but its higher spreads and weaker regulation make it less suitable for serious retail traders. If you want a reliable, cost-effective broker that meets the needs of Uzbekistan traders, FP Markets is the recommended choice. Always verify with the local financial regulator for any specific compliance requirements.