10 Best Forex Brokers for Price Action Trading in Uzbekistan

A forex broker is a fintech company or dealer that offers forex and CFD trading services to retail traders and investors. It provides trading platforms (MT4, MT5, cTrader, TradingView, etc.), trading tools (economic calendar, charting tools, VPS, indicators), and leverage (e.g., 1:30, 1:500) to access global financial markets. Forex brokers allow and facilitate different trading styles and strategies such as momentum trading, day trading, swing trading, arbitrage, range trading, and price action trading.

Price action trading in forex is a strategy that relies on analyzing raw price movements on the chart rather than using multiple technical indicators. Price action traders focus on candlestick patterns, support and resistance levels, trendlines, and chart structures to make trading decisions. Unlike indicator-heavy strategies, price action trading prioritizes market psychology and real-time price behavior across different time frames. This strategy requires brokers that provide low spreads, fast order execution, and advanced charting platforms such as MetaTrader 4, MetaTrader 5, or TradingView, which allow traders to analyze price charts with precision.

In this article, we have listed the best forex brokers for price action trading in Uzbekistan. We reviewed these brokers based on regulation, trading platforms, account types, funding methods, trading fees, execution quality, and overall trading conditions. By comparing these brokers, you can find the most suitable forex broker for price action trading in Uzbekistan.

A list of the top 10 Forex Brokers for Price Action Trading in Uzbekistan

• Pepperstone: Best Overall Forex Broker 
• FP Markets: Fast Deposit and Withdrawal 
• Fusion Markets: Lowest commission Broker
• BlackBull: Best Broker For Free TradingView
• XM: Best for Deposit Bonus and incentives. 
• IC Markets: Tight spread brokers 
• Eightcap: Best for Smart Trading Tools 
• TickMill: Competitive Trading Conditions 
• Just Markets: Forex broker with leverage upto 1:3000
• AvaTrade: Market Maker broker for price action trading

Best Forex Brokers for Price Action Trading (Compared and Reviewed)

Can I Trust These Forex Brokers for Price Action Trading in Uzbekistan?

Yes, you can trust these brokers for price action trading in Uzbekistan. Brokersway recommends brokers based on facts and findings. We evaluate brokers based on 170 data points grouped into 6 macro categories, including regulations and security, fees, Trading experience, trading tools, customer support, and trading education. Multiple regulatory authorities regulate these brokers. So they are legit and trusted. Here are the regulations of these brokers

• Pepperstone: Regulated by 7 Regulatory Authorities, including FCA, ASIC, CySEC, BaFin, DFSA, CMA, and SCB
• FP Markets: Regulated by 4 Regulatory Authorities, including ASIC, CySEC, FSCA, FSA
• Fusion Markets: Regulated by 3 Regulatory Authorities, including ASIC, VFSC, and FSA
• BlackBull Markets: Regulated by 2 Regulatory Authorities, including FMA, FSA-S
• XM: Regulated by 5 Regulatory Authorities, including ASIC, CySEC, DFSA, FSCA, FSC in Belize (Global)
• IC Markets: Regulated by 3 Regulatory Authorities, including ASIC, CySEC, FSA-S
• Eightcap: Regulated by 5 Regulatory Authorities, including ASIC, FCA, CySEC, SCB, and FSA
• Tickmill: Regulated by 6 Regulatory Authorities, including CySEC, FCA, DFSA, FSCA, FSA- Labuan, FSA-S
• Just Markets: Regulated by 4 Regulatory Authorities, including CySEC, FSC- Mauritius, FSA-S, FSCA.
• AvaTrader: Regulated by 9 Regulatory Authorities, including ASIC, JFSA, FSA, FSCA, ADGM, CBI, ISA, KNF, IIROC

How Did We Select These Brokers for Price Action Trading in Uzbekistan?

To select the best forex brokers for price action trading in Uzbekistan, we follow the procedures below.

Research:

To choose the best price action trading brokers in Uzbekistan, we conducted extensive research, focusing on the spreads, features, services, and regulations associated with each broker. We analyzed market trends, broker offerings, and user feedback to understand what traders value most. This comprehensive approach allowed us to build a solid foundation for our evaluations.

Data Collection:

We gathered data from various reliable sources, including official regulatory bodies, broker websites, and reputable financial news platforms. This data encompassed key metrics such as trading fees (spreads, commissions),  available assets, leverage options, and client support services. Additionally, we considered user reviews and testimonials to gauge trader satisfaction and experiences.

Verification:

After collecting data, we verified the information to ensure accuracy and reliability. This step involved cross-referencing details from multiple sources, including regulatory websites and independent reviews. By ensuring that our data is accurate, we aim to present an honest assessment of each broker’s strengths and weaknesses.

Live Testing:

We conducted live testing of the shortlisted brokers to provide a real-world perspective. This involved opening demo accounts and executing trades to evaluate the trading platforms, order execution speed, and customer service responsiveness. Our live testing process allowed us to assess each broker’s performance under actual market conditions, providing valuable insights into their functionality.

Scoring:

Finally, we scored each broker based on a set of criteria, including regulatory compliance, trading costs, platform usability, available trading instruments, customer support, and overall user experience. Each category was assigned a specific weight, reflecting its importance in the trading process. The scores helped us rank the brokers, ensuring that our recommendations align with the needs and preferences of traders who want to trade using the price action trading strategy in Uzbekistan. 

Frequently Asked Questions: FAQ

What is a forex broker?

A forex broker is a fintech company or dealer that acts as an intermediary between traders and the global financial markets. They provide access to online platforms where clients can buy and sell currency pairs efficiently. Most forex brokers primarily operate as CFD (Contract for Difference) brokers. While they allow trading of currency pairs, they also offer CFDs on commodities, stocks, indices, and cryptocurrencies. CFDs let traders speculate on price movements without owning the underlying asset, providing flexibility and access to multiple markets from a single platform

Forex brokers also handle deposits, withdrawals, and profit management. They partner with payment processors to ensure transactions are fast and secure. They provide trading platforms with tools for technical and fundamental analysis, order execution, and risk management, often allowing margin and leverage trading. Brokers also connect traders to liquidity providers or act as counterparties themselves, which form different trading models like A-Book and B-Book. These models determine whether trades are passed directly to the market or handled internally, impacting spreads, execution speed, and potential conflicts of interest.

What is Price Action Trading?

Price action trading is a  strategy that focuses on analyzing the raw movements of a market’s price over time to make trading decisions. It relies on price charts and candlestick patterns rather than on technical indicators or fundamental analysis. Traders use this strategy to understand trends, support and resistance levels, and overall market sentiment. The strategy helps traders predict future price movements, spot reversals, and confirm trend continuations. This method provides a real-time understanding of market dynamics, allowing traders to make timely and precise entry and exit decisions across any market or asset class.

Is Price Action Trading Legal in Uzbekistan?

Yes, price action trading is legal in Uzbekistan, just like in most parts of the world. The strategy itself is not restricted, as it only involves analyzing raw price movements, candlestick patterns, and support and resistance levels without relying heavily on indicators. However, to trade safely and securely, you should always choose a broker that is properly authorized or regulated.

Final Verdict: Best Forex Brokers for Price Action Trading

Forex brokers are financial service providers that offer online trading platforms and tools to retail and institutional traders. They act as intermediaries and give traders access to forex and CFD instruments, including commodities, indices, stocks, and cryptocurrencies.

Price action trading is a strategy that focuses on analyzing raw price movements without relying heavily on indicators. Traders study candlestick patterns, support and resistance levels, and trend structures to make decisions based on pure market behavior. To trade price action effectively, a broker must provide fast execution, accurate pricing, low spreads, and advanced charting tools.

To choose  the best forex brokers for price action trading in Uzbekistan, you should consider platform capabilities, execution speed, spreads, commissions, leverage, and available risk management features. Based on these factors, we reviewed and tested leading brokers that offer reliable conditions for price action trading.Below are the top 10 brokers for price action trading in Uzbekistan. 

• Pepperstone – Best Overall Broker for Price Action
• FP Markets – Fast and Reliable Funding Options
• Fusion Markets – Lowest-Cost Broker with Tight Commissions
• BlackBull – Best for Free TradingView Access
• XM – Best for Bonuses and Incentives
• IC Markets – Best Tight-Spread Broker
• Eightcap – Best for Smart Trading Tools
• TickMill – Best for Competitive Trading Conditions
• JustMarkets – Best for High Leverage up to 1:3000
• AvaTrade – Best Market Maker Broker for Price Action

The above brokers are highly regulated and reputable. They offer low spreads, fast execution, and easy-to-use charting platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView. You can use any of these brokers to start your trading journey with the price action strategy in Uzbekistan