Which broker is better for Uzbekistan traders in 2026? Expert analysis across 12 categories.
Uzbekistan traders seeking a reliable forex broker in 2026 often compare XM Group and FxPro, two globally recognized brokers with strong reputations. XM Group, rated 4.7/5, excels in low-cost trading, extensive educational resources, and localized support for Uzbek clients. FxPro, with a 4.1/5 rating, offers a premium multi-platform experience and direct market access. Both brokers accept Uzbekistan residents and support local deposit methods including Bank Transfer, Skrill, Neteller, and USDT TRC20. However, differences in spreads, account types, and regulatory coverage matter for Uzbek traders, especially those dealing with the Uzbek som (UZS) conversion costs. This comparison evaluates each broker’s offerings specifically for retail traders in Uzbekistan, covering costs, platforms, regulation, and payment convenience.
| Instrument | XM Group | FxPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FxPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FxPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FxPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FxPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $5 | $100 | FxPro |
For Uzbekistan traders, trading costs are critical given the volatile som exchange rate. XM Group offers spreads from 0.0 pips on its Zero account and 1.0 pip on Standard accounts, with no commission on standard trades. FxPro’s Raw account starts at 0.6 pips plus commission, while Standard accounts have spreads from 1.2 pips. Over 100 standard lots per month, XM Group can save Uzbek traders $200–$400 in spread costs compared to FxPro. Both brokers have no hidden fees, but XM Group’s lower spreads benefit high-volume traders in Uzbekistan.
| Account Type | XM Group | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $5 | $100 |
| Entity / Asset | XM Group | FxPro |
|---|---|---|
| Uzbekistan (offshore) | Up to 1:1000 | Up to 1:500 |
| Forex major pairs | 1:1000 | 1:500 |
| 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 | XM Group | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | XM Group |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | XM Group |
| Crypto CFDs | 30+ | 20+ | XM Group |
| Stocks / Share CFDs | ✗ | 1,700+ | FxPro |
| ETFs | ✗ | ✗ | Tie |
| Platform | XM Group | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers provide MetaTrader 4 and MetaTrader 5, essential for Uzbek traders using Expert Advisors and automated strategies. FxPro additionally offers cTrader and its proprietary FxPro Edge platform, giving more flexibility for manual traders. XM Group focuses on MT4/MT5 with a user-friendly interface and mobile apps. For Uzbekistan traders who rely on stable mobile trading due to internet variability, XM Group’s platform is more optimized for low-bandwidth connections, while FxPro’s cTrader offers advanced charting for experienced users.
| Factor | XM Group | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | XM Group |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
Both brokers offer market execution with no requotes, but XM Group has a slight edge with average execution speed of 0.07 seconds versus FxPro’s 0.1 seconds. For scalpers and day traders in Uzbekistan, XM Group’s faster execution reduces slippage risk. FxPro offers direct market access (DMA) on its cTrader platform, which may appeal to advanced traders seeking transparency in order fills.
| Safety Factor | XM Group | FxPro |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
XM Group is regulated by CySEC (EU), FCA (UK), and ASIC (Australia), while FxPro holds licenses from CySEC, FCA, and FSCA (South Africa). Neither is directly regulated by the local financial regulator in Uzbekistan, but both comply with international standards for client fund segregation and negative balance protection. For Uzbekistan traders, this means a higher level of security than unregulated brokers, though local legal recourse is limited. XM Group’s additional ASIC regulation provides extra oversight for Asia-Pacific clients.
| Payment Method | XM Group | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days | 1 business day |
Depositing and withdrawing funds is straightforward for Uzbekistan traders at both brokers. XM Group supports Bank Transfer (including UZS via local banks), Skrill, Neteller, and USDT TRC20, with no deposit fees and instant processing for e-wallets and crypto. FxPro also accepts these methods but may charge fees for certain bank transfers and has a $500 minimum for USDT TRC20 deposits compared to XM Group’s $50 minimum. Withdrawals at XM Group are processed within 24 hours for e-wallets, while FxPro takes 1–3 business days. Both brokers process USDT TRC20 withdrawals quickly, making them ideal for Uzbek traders seeking fast, low-cost transfers.
| Islamic Account Feature | XM Group | FxPro |
|---|---|---|
| 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 XM Group and FxPro offer Islamic (swap-free) accounts for Muslim traders in Uzbekistan, in compliance with Sharia law. XM Group provides instant swap-free status on all account types upon request with no expiry, while FxPro requires a formal application and approval, which may take 1–2 business days. XM Group’s process is more convenient for Uzbek traders who need immediate swap-free trading. Both brokers do not charge additional fees for Islamic accounts, but FxPro may restrict certain instruments for swap-free clients.
| Support Feature | XM Group | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | XM Group |
XM Group offers 24/7 live chat, email, and phone support in multiple languages including Russian, which is widely spoken in Uzbekistan. FxPro provides 24/5 support with similar channels but limited weekend assistance. For Uzbekistan traders, XM Group’s round-the-clock support and faster response times (under 2 minutes on live chat) are advantageous, especially during volatile market hours.
| Mobile Feature | XM Group | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | XM Group |
| Google Play rating | 4.3 stars | 4.2 stars | XM Group |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | XM Group | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | XM Group |
Choose XM Group if you...
Choose FxPro if you...
For most Uzbekistan retail traders, XM Group is the superior choice due to its lower spreads, faster execution, and better support for local payment methods like USDT TRC20 and Bank Transfer. Its 4.7/5 rating reflects consistent performance, while FxPro’s 4.1/5 rating indicates a solid but more expensive offering. XM Group’s instant Islamic accounts and no-fee deposits make it particularly appealing for Muslim traders in Uzbekistan. However, FxPro’s cTrader platform and DMA may attract experienced traders willing to pay higher costs. Considering the local financial regulator’s oversight and the need for reliable deposits, XM Group provides a more tailored experience for Uzbekistan traders in 2026.