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2022 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Uruguay

Best Uruguay brokers
Best Uruguay Online Brokers 2022

This guide to the best trading platforms in Uruguay has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the most recent information about finding the most professional broker in Uruguay.

If you are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will get proficient skills at all the concepts of broker as you keep trading. For starters, you have to select the right agent in Uruguay who'll be transparent with you constantly.

In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program is key to your success.

We currently have 22 Brokers from our research that we believe are the Top Online Brokers in Uruguay

Finding The Professional Uruguay Online Brokers?

This review has been provided to help you find an experienced Uruguay broker. When searching for an experienced, reliable broker in Uruguay it can be a little confusing.  Below we detail what your trading platform are in Uruguay and what Uruguay brokers can offer you.

Getting a free trial for a minimum of 3 weeks is the best way to understand the quality and reliability of any Uruguay online trading platform. Before making any ultimate decisions, you have to be able test the broker's platform and software in real-time but with minimal risk. This will allow you to test the software and see how easy it is. A professional broker in Uruguay should make it as easy as possible for you. They shouldn't have to do a lot research nor set up multiple accounts before they let you start trialling their tools.

We currently have 22 Online Brokers that we think are the Top Online Brokers in Uruguay

CoinbaseBoston Merchant FinancialTopForexCFI MarketsAB ForexDaw TradingAJ BellWilsons Advisory And StockbrokingTrading212Exnessjoseph palmer and sonsTrade360DIF Brokerscotia itraderegent markets groupIGhotforexlqdfxtradershomeEllevestExanteninjatrader brokerage
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Rating4.38/53.51/56.16/54.33/50.00/54.28/52.83/52.28/55.73/55.28/56.45/55.93/55.41/55.80/55.00/54.98/56.25/56.20/54.50/52.28/55.70/56.20/5
Minimum Deposit$100$50$100$100$100$100$100$100$1$1$250$1$500$250$250$200$250$250$250$1$11700$250
Year Founded1989198820092012200319881997200820062008202120131996201220201974201220172013200820112018
HeadquartersUnited StatesDubaiCyprusCyprusSTOCKHOLMUSAUKAustraliaUKCyprusCyprusCyprusPortugalUKUnited KingdomUKUnited StatesPortugalRussiaUSAMaltaGRENADINES
Regulated ByFinancial Conduct Authority (FCA)Australian Securities and Investment Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin)UnregulatedFinancial Conduct Authority (FCA)Central Bank of UAEUnregulatedFinancial Conduct Authority (FCA), Financial Supervision Commission (FSC)Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ????? e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F264Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F303Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F299Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F255Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F272Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F328UnregulatedMalta Financial Services Authority (MFSA), CySEC. Licence No.: 165/12, FCA, HKMAFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F285
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+1,500,000+10,000+10,000+10,000+10,000+10,000+10,000+178,500+30,000+200,000+1,000,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskLosses can exceed depositsLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Losses can exceed depositsYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskSpread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskBetween 74-89% of retail investor accounts lose money when trading CFDs.Your capital is at risk
Withdrawal FeesNoNoYesYesYesNoNoYesNoNoNoYesYesNoNoNoYesNoNoYesYesNo
Inactivity FeesNoNoNoYesYesNoNoYesNoNoNoNoNoNoNoNoYesNoNoYesNoYes
Deposit Fees10050100100100100100100112501500250250200250250250111700250
CFD FeesNoNoYesYesYesNoNoYesNoNoNoYesYesNoYesNoNoYesNoYesNoYes
Accepts Credit CardsYesYesYesYesNoYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNoYes
Accepts PayPalNoNoNoNoNoNoNoNoYesNoYesNoNoYesYesYesYesYesYesNoNoYes
Accepts SkrillNoNoNoNoNoNoNoNoYesNoYesNoNoYesYesNoYesYesYesNoNoYes
Accepts PayoneerYesYesYesYesNoYesYesYesNoYesYesYesYesYesYesYesYesYesYesYesNoYes
Accepts NetellerNoNoNoNoNoNoNoNoNoNoYesNoNoYesYesNoYesYesYesNoNoYes

Online Stock Trading In Uruguay

Trading Assets in Uruguay is highly regulated and considered very secure. However, as always, that any investment may go down as well as up, which means that your capital is in danger.

If you're just starting out with online trading then it's advised to have a demo account with a controlled broker so that you can find out the strategies without the risk of losing cash.

Live Forex Trading In Uruguay

Forex is the biggest liquid financial market in the world using a daily financial market turnover of over $5 trillion (BIS statistics April 2016).

Forex (Abbreviation of Foreign Exchange) is a currency exchange between two different countries and the next management of the resulting position where one currency gains and the other loses.

It's simple to do Live Forex Trading in Uruguay with seasoned online brokers

Live CFD Trading In Uruguay

CFD trading is the selling and buying of contracts for difference via an online provider in Uruguay. When you trade CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Uruguay

Spread Betting in Uruguay is possible using professional online brokers like plus500 or FP Markets. It is a simple bet as to whether the price will go up or down.  Often, the Uruguay brokers will show the prices you have.

If you are looking at how to do spread betting in Uruguay then it is an idea to start with a demo account with either XTM or FP Markets so that you can practice with virtual money before risking your own capital.

Trading Stocks in Uruguay

Globally, Uruguay is considered safe to do online trading and has access to other global financial centers. In Uruguay, online trading platforms are highly regulated, professional and supportive. 

However, it is always important to be as informed as possible so here we detail some of the important things any trader should know:

The financial industry in Uruguay are very mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Uruguay.

The online platforms used by brokers in Uruguay are extensively tested and highly rated.

Whichever Online Trading Solutions in Uruguay you decide to use, make sure they have all of the below:

  • Easy to use platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • Better quality charts
  • Capable of doing social trading
  • Professional online help or support

Challenges Of Using Online Trading Platforms in Uruguay

The US Dollar is considered the base currency globally so even a tiny change in the US financial markets could affect the financial markets in Uruguay. The EU is also a large market and changes there could affect the financial markets in Uruguay.

Like every country there are opportunities in Uruguay economic markets and overall the outlook is great. However, like in all global economic markets we recommend that any Online Trading Solutions in Uruguay you decide to use, make sure you do your homework first before risking your money. We have collated hundreds of datapoints and written this guide to help you find the Best Trading Platforms in Uruguay.  We hope that by using this guide you will find a reputable broker that matches your needs.

Frequently Asked Questions About Trading Forex In Uruguay

Is Forex Trading Legal In Uruguay?

There's a growing misconception that trading Forex in Uruguay is considered unsafe. This is not the situation, Forex trading in Uruguay is quite active, regulated and safe.

Trading in Forex is allowed in Uruguay as for any company to trade internationally, foreign currency has to be exchanged. Any time you buy something and it is sent from overseas, there'll be numerous currency exchanges by multiple companies to receive that item to you.

The important issue is that when trading Forex in Uruguay you pick one of the best online brokers.

Do Forex Traders Pay Tax In Uruguay?

After a dealer is successful and their gains achieve a particular level then they can be taxed in Uruguay as per the standard taxation rules.

Tax returns must always be filed even if there is a reduction. You should seek advice with a documented accountant in Uruguay to make certain you are abiding with current regional laws since it's very determined by your personal circumstances.

Can You Trade Cryptocurrencies In Uruguay?

Cryptocurrency markets in Uruguay are quite new. As Cryptocurrencies operate on decentralised resources in Uruguay matters like interest rate changes and political instability don't impact them as much as the currency markets.

Cryptocurrencies are more popular with the centuries and with growing income levels and technology adoption, trading cryptocurrency in Uruguay is rising day by day. It is still modest compared to the Forex markets however about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Uruguay?

Commodities trading in Uruguay involves trading in things like precious metals, energies and agricultural commodities.

Some products such as agricultural are seeing exponential growth inUruguay.

Fast growing markets like India have a big need for many basic raw materials for their population. It follows that states like Uruguay can benefit from the circumstance.