Quick Verdict — Uruguay Traders
Best Overall
IC Markets
Higher overall score & more features
Best Spreads
Plus500
Lower trading costs for scalpers
Islamic Accounts
IC Markets
Swap-free for Uruguay Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:30
Max leverage
Head-to-head comparison
For Uruguay retail traders comparing forex brokers in 2026, IC Markets and Plus500 represent two distinct options. IC Markets, with a 4.8/5 rating, offers low spreads, advanced platforms, and support for local payments like Bank Transfer, Skrill, Neteller, and USDT TRC20. Plus500, rated 3.7/5, provides a user-friendly web platform and CFDs but higher costs and fewer deposit methods for Uruguay. This comparison focuses on key factors for Uruguay traders: trading costs in USD, regulatory safety under the local financial regulator, and deposit convenience. Whether you are a scalper or long-term investor, understanding these differences will help you choose the best broker for your trading style in Uruguay.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS
Plus500
FCA · ASIC · CySEC
3.5
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | Plus500 | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Plus500 |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Plus500 |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Plus500 |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Plus500 |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $50 | IC Markets |
For Uruguay traders, trading costs are critical. IC Markets offers ultra-low spreads from 0.0 pips on major pairs like EUR/USD and a commission of $3.50 per lot, ideal for high-volume traders. Plus500 uses variable spreads with no commission, but its spreads are typically higher (e.g., 0.6–1.2 pips on EUR/USD). Over 100 trades per month, IC Markets can save Uruguay traders 30–50% in costs, especially when trading in USD. For scalpers or day traders, IC Markets is more cost-effective.
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Account Types Comparison
| Account Type | IC Markets | Plus500 |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $50 |
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Leverage Comparison - Uruguay Traders
| Entity / Asset | IC Markets | Plus500 |
|---|
| Uruguay (offshore) | Up to 1:5000 | Up to 1:30 |
| Forex major pairs | 1:5000 | 1:30 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Uruguay Traders
Traders in Uruguay typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | Plus500 | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | 1,700+ | Plus500 |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | Plus500 | Winner |
|---|
| Execution model | ECN/STP | True ECN | Plus500 |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✗ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
IC Markets uses Equinix NY4 servers for ultra-fast execution (average 40ms) and no requotes, ideal for Uruguay scalpers and EAs. Plus500 has slower execution (100–200ms) due to its market maker model, leading to potential slippage. For Uruguay traders prioritizing speed, IC Markets is better.
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Regulation & Safety for Uruguay Traders
| Safety Factor | IC Markets | Plus500 |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing.
Plus500 is regulated by FCA,
CySEC, and
ASIC, with similar safety levels. 7), reflecting better client satisfaction. Uruguay traders should note that the local financial regulator does not directly oversee these brokers, so choosing a well-regulated entity is crucial.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Uruguay traders may differ by entity.
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Deposits & Withdrawals for Uruguay
| Payment Method | IC Markets | Plus500 |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 1 to 3 business day |
Uruguay traders have several deposit methods with both brokers. IC Markets supports Bank Transfer, Skrill, Neteller, and USDT TRC20, with instant processing for e-wallets and crypto. Withdrawals are processed within 1 business day for e-wallets. Plus500 accepts Bank Transfer and Skrill but does not support Neteller or USDT TRC20 for Uruguay. IC Markets is more flexible, especially for traders using crypto or local transfers. Minimum deposits are $50 for IC Markets and $100 for Plus500, but IC Markets offers more options for Uruguay traders.
☪️
Islamic Accounts - Swap-Free for Uruguay Muslims
| Islamic Account Feature | IC Markets | Plus500 |
|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
IC Markets provides Islamic (swap-free) accounts for Uruguay Muslim traders, with no rollover interest on overnight positions. Plus500 does not offer dedicated Islamic accounts but may provide swap-free conditions on some instruments upon request. For Uruguay traders seeking Sharia-compliant trading, IC Markets is the clear choice, with a straightforward application process and permanent swap-free status.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | Plus500 | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 customer support via live chat, email, and phone, with Spanish-language assistance available for Uruguay traders. Plus500 provides 24/7 support but only in English, which may be a barrier for Spanish-speaking Uruguay clients. IC Markets has faster response times and more comprehensive support.
| Mobile Feature | IC Markets | Plus500 | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
📚
Education & Research Tools
| Resource | IC Markets | Plus500 | Winner |
|---|
| Video tutorials | 100+ videos | ✗ | IC Markets |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✗ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
Plus500
Pros
+Top-tier regulated
Cons
-No TradingView
-No 24/7 support
👤
Who Should Use Which Broker? - Uruguay Guide
Choose IC Markets if you...
- Want low spreads and commissions for active trading in USD
- Need advanced platforms like MT4, MT5, or cTrader for analysis
- Prefer flexible deposits including Bank Transfer, Skrill, Neteller, and USDT TRC20
- Are a scalper or algorithmic trader requiring fast execution
Choose Plus500 if you...
- Are a beginner seeking a simple, all-in-one platform
- Trade CFDs on stocks, indices, or commodities occasionally
- Want no commission and fixed spreads for small trades
- Do not need advanced tools or automated trading
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FAQ - IC Markets vs Plus500 in Uruguay
Is IC Markets or Plus500 better for Uruguay?
+Can Uruguay traders use both brokers legally?
+Which broker has lower spreads for Uruguay traders?
+How do Uruguay traders deposit at IC Markets and Plus500?
+Do both brokers offer Islamic accounts for Uruguay?
+Final Verdict - Uruguay 2026
IC Markets wins overall
For Uruguay traders in 2026, IC Markets is the superior choice with a 4.8/5 rating, low costs, and support for local payments like Bank Transfer, Skrill, Neteller, and USDT TRC20. Plus500, rated 3.7/5, is simpler but has higher spreads and fewer deposit options. If you are a retail trader in Uruguay seeking professional tools, low spreads, and regulatory safety under the local financial regulator, choose IC Markets. Plus500 may suit beginners but lacks the flexibility and cost-efficiency needed for serious trading. For most Uruguay traders, IC Markets offers the best value.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
