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Best Brokers with Low Minimum Deposit for Investors in Uruguay

Top 3 Brokers available in Uruguay with a Low or Null Minimum Deposit

AvaTrade's minimum deposit is USD 100 for credit/debit cards and bank transfers, and they do not charge a deposit fee. The average transfer times for the different methods are 2 or 3 days for a bank transfer or a couple of hours when you deposit with a card (credit or debit).

A minor issue with depositing money to AvaTrade is that depositing is not as user-friendly compared to similar brokers.

AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several top-tier financial authorities, such as the Central Bank of Ireland or Australia's ASIC.

AvaTrade

The minimum deposit at XM is $5 and $200 if you transfer, and they do not charge a deposit fee. This is great because the broker won't deduct anything from your deposits, and you only have to calculate the costs charged by the bank or third-party service provider through which you send the money. Additionally, and to avoid the clients from incurring any transfer costs, XM also covers the banking costs. So, although every bank will charge a transfer fee, if you deposit $5 or $1000, you would get the whole amount in the trading account.

XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).

XM

About our Top 3 rank for Uruguayo Traders


The minimum deposit amounts required by the different trading and investment apps are very variable, some have no minimum, and others require amounts of 2 thousand dollars. So, a broker that offers to start without a minimum deposit or a tiny one is a plus. Here are a few things that you should take into account:


  • Not every client is willing (or want) to start using a platform by depositing 2 thousand dollars from the very first moment. Therefore, most brokers offer simulators or Demo Accounts of their platforms since deciding to deposit funds whether to deposit real money is an important decision, especially initially. Therefore, we strongly recommend that you try the Broker's Demo account before deciding to deposit funds.

  • Many lists on the internet promoted as 'The Cheapest Brokers in Uruguay may consist of unprofessional platforms and could even be scams. So, beware, and do your checks before transferring funds.

  • We only display brokers heavily regulated by strict government entities, like the UK's FCA or the Australian ASIC.

  • Last but not least, the broker has to be available to local traders since some of them do not open accounts locally.


Without further ado, here is our Top 3 Broker with Low Minimum Deposit list, available to clients who reside in Uruguay.

Fundada en Melbourne, Australia, en 2009, Eightcap ha construido una sólida reputación dentro de la industria. Ofrecen una cuenta ECN altamente confiable que se destaca por sus impresionantes características y sólido marco regulatorio. Con spreads que comienzan desde 0.0 pips y una amplia gama de instrumentos disponibles que abarcan más de 800 opciones, Eightcap ofrece a los traders un entorno de trading diverso y competitivo.

Uno de los aspectos destacados de la cuenta ECN de Eightcap es su estructura de comisiones. A los traders se les cobra una comisión de 3.5 AUD, USD, NZD, SGD, CAD, 2.25 GBP o 2.75 EUR por lote estándar negociado.

Con un requisito de depósito mínimo de $100, Eightcap asegura la accesibilidad para traders de diversos niveles, lo que lo convierte en una opción atractiva tanto para principiantes como para traders experimentados. La cuenta permite tamaños de operación que van desde 0.01 lotes hasta 100 lotes, brindando flexibilidad para adaptarse a diferentes estrategias de trading.

La gestión de riesgos también es una prioridad para Eightcap, como lo demuestran sus niveles de margen y de cierre de posiciones establecidos en 80% y 50%, respectivamente. Estos niveles ayudan a los traders a gestionar sus posiciones y mitigar pérdidas potenciales de manera efectiva.

Además, Eightcap ofrece una variedad de divisas base de cuenta, que incluyen AUD, USD, EUR, GBP, NZD, CAD y SGD, lo que permite a los traders seleccionar su divisa preferida para una experiencia de trading más personalizada. La posibilidad de realizar scalping, añade aún más flexibilidad y satisface a los traders que prefieren este enfoque.

Eightcap está regulado por organismos reguladores prominentes, como la Financial Conduct Authority (FCA), la Australian Securities and Investments Commission (ASIC), la Cyprus Securities and Exchange Commission (CySEC) y la Securities Commission of The Bahamas (SCB). Esta regulación multi-jurisdiccional añade una capa adicional de confianza y seguridad para los clientes.

En general, la cuenta ECN de Eightcap ofrece condiciones de trading competitivas, una amplia gama de instrumentos y un sólido marco regulatorio. Estos factores hacen de Eightcap una excelente opción para traders que buscan un broker ECN confiable y transparente.

Eightcap

The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading. A trading platform that offers a low minimum deposit facilitates access to the world of financial investments for those about to start the journey. So, if you are a Uruguayo investor and do not wish to compromise a significant investment, we include three of the top regulated Brokers that will not require you to move your Peso bank balance.

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