Best binary options brokers in Uruguay
No law in Uruguay bans binary options, so residents can open an account with an international broker. Of the three platforms we rank, all three take clients from Uruguay. Each of them keeps your balance in US dollars, which means paying in UYU always involves a currency conversion.
By Broksal Team, trading binary options, forex and CFDs since 2017. Updated . How we test
How we score
Each binary options broker gets five sub-scores out of 5:
Platform (25%), costs and payouts (20%), deposits and withdrawals (15%), support (15%) and transparency and regulation (25%). The overall score is the weighted average, rounded to one decimal. None of these brokers is licensed by a top-tier regulator, which is why their transparency scores are low.
Availability is checked against each broker’s published list of restricted countries. The order of the ranking is set by our authors from their own experience with these platforms, so it does not always follow the scores.
Advertiser disclosure
Broksal is free to use because some brokers pay us a commission when you open an account through our links. It costs you nothing.
Commissions do not affect the facts we publish about regulation, payouts and country availability, which come from the brokers’ own documents and independent sources.
Top 3 for Uruguay
- 1
Our top pick in Uruguay
Pocket Option
4.1Trades from $1, a $50,000 demo you can open without registering, and copy trading
- Minimum deposit
- $5
- Minimum trade
- $1
- Maximum payout
- Up to 92%
- Demo account
- $50,000, no sign-up
Open free accountBinary options are high-risk; you can lose your whole stake.
- 2
IQ Option
4.0Its own fast platform with 300+ assets, a desktop app and payouts of up to 95%
Accepts residents of Uruguay
- Minimum deposit
- $10
- Minimum trade
- $1
- Maximum payout
- Up to 95%
- Demo account
- $10,000, after sign-up
Open free accountBinary options are high-risk; you can lose your whole stake.
- 3
Expert Option
3.7A simple screen, account tiers and a social feed, from a $10 deposit
Accepts residents of Uruguay
- Minimum deposit
- $10
- Minimum trade
- $1
- Maximum payout
- Up to 90%
- Demo account
- $10,000, no sign-up
Open free accountBinary options are high-risk; you can lose your whole stake.
Binary options are high-risk products. Each trade is all-or-nothing: if the price ends on the wrong side, you lose the whole amount you staked. Most people who trade them lose money. Only trade with money you can afford to lose, and start on the free demo account. Nothing here is investment advice, and past payouts do not predict future results.
Uruguay at a glance
| Capital | Montevideo |
|---|---|
| Currency | Uruguayan peso (UYU, $) |
| Official languages | Spanish |
| Time zone | America/Montevideo |
| Financial regulator | BCU (Banco Central del Uruguay) |
| Binary options | Legal (no law prohibits them) |
| Brokers accepting residents | 3 of 3 we rank |
Is binary options trading legal in Uruguay?
Binary options are legal in Uruguay. No binary-options-specific framework was found. The BCU issues general warnings about unauthorised financial firms.
Before you deposit, check BCU (Banco Central del Uruguay)’s public warnings and note who you are contracting with: these brokers are registered outside Uruguay. Our legality guide shows how we classify each country.
Tax
Any profit is taxable under the tax law of Uruguay; offshore brokers do not report to the local tax office or withhold anything. Keep your statements and payment history. This is general information, not tax advice.
Paying in UYU
When you deposit Uruguayan peso by card or e-wallet, the payment provider converts it to dollars at its own rate and your bank may add a fee. Compare the amount taken from your account with the dollars credited to see the real cost. Payment options depend on the country you choose at registration, and withdrawals usually go back to the method you paid with.
Market hours in Montevideo time
| Market | Nov–Mar | Apr–Oct |
|---|---|---|
| Tokyo | 21:00–03:30 | 21:00–03:30 |
| London | 05:00–13:30 | 04:00–12:30 |
| New York | 11:30–18:00 | 10:30–17:00 |
Currency pairs move most while London and New York are both open: 11:30–13:30 in winter and 10:30–12:30 in summer in Montevideo. At weekends the platforms switch to OTC quotes they price themselves.
First steps from Uruguay
Start on the demo: Pocket Option opens one without registration. When you sign up, choose Uruguay as your country, because identity checks before the first withdrawal compare it with your documents. Deposit bonuses are optional, carry a trading-volume condition and can be declined. Full pros, cons and costs of each broker are in our main ranking.
Frequently asked questions
Which binary options broker is best in Uruguay?
Pocket Option is our pick for Uruguay: a $5 minimum deposit, trades from $1 and a $50,000 demo without registration. IQ Option and Expert Option are also available.
Is binary options trading legal in Uruguay?
No law in Uruguay prohibits binary options. The brokers that serve Uruguay are registered abroad and are not licensed locally.
Can I deposit in UYU?
You can pay in UYU, but the account is kept in US dollars, so the money is converted.
Do I pay tax on binary options profits in Uruguay?
Profits are taxed according to the local rules in Uruguay. This is general information, not tax advice.
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