Buying US stocks from Uzbekistan: a broker comparison

To buy a US stock you need a broker — a company that sends orders to the exchange on your behalf and holds your shares. There are several options from Uzbekistan, but they differ a lot: some give you real shares, others only let you bet on price moves (CFDs).

As of October 2026. Brokers change their terms often — re-check on the official site before opening an account.

The legal side first

From 1 January 2026 the Central Bank of Uzbekistan lets residents invest in US companies without permission and without an amount cap. Previously, transactions over $10,000 needed government approval. The change applies to the US only — restrictions on moving capital to other countries are unchanged (Fergana, December 2025).

Check the transfer procedure and paperwork with your own bank.

The brokers

Interactive Brokers (IBKR)

• Uzbek residents: accepted — IBKR opens accounts for everyone except sanctioned and high-risk jurisdictions.
• Instruments: real shares and ETFs.
• Pros: one of the largest brokers in the world, low commissions, a very wide range of markets.
• Cons: a complex interface — hard for beginners.
• Funding: mainly bank wire (SWIFT). Check in which currency and at what cost a transfer from an Uzbek bank goes through.
• Halal filter: not that we know of — screen separately.
• Website: interactivebrokers.com

Freedom Finance Uzbekistan

• Who: a licensed broker in Tashkent (since 2018), part of Nasdaq-listed Freedom Holding Corp. The group's main focus is the US market.
• Instruments: per the group's filings, clients reach international markets through the group's Cyprus company. Confirm the exact terms for US shares.
• Commission: the website lists 0.6% of the trade amount (since March 2025).
• Funding: the website shows Payme, Uzum Bank and Freedom Pay logos.
• Pros: local offices, service in Uzbek and Russian.
• Halal filter: to be confirmed.
• Website: ffin.uz

Hyssa

• Who: a platform dedicated to halal investing. Hyssa Financial Technologies Mauritius — regulated by the Mauritius FSC, licence number GB24202823.
• Uzbek residents: not on its restricted-countries list, but support isn't stated explicitly — confirm.
• Instruments: says it offers 1,000+ pre-screened (AAOIFI) stocks. Confirm whose name the shares are held in and with which custodian.
• Halal filter: yes — purification and zakat tracking built in.
• Funding: not stated on the website — confirm.
• Website: hyssa.com

Amana

• Who: a trading platform popular in the UAE and the Middle East. Group companies are regulated by the DFSA (UAE), FCA (UK), CySEC (Cyprus), CMA (Lebanon), LFSA (Malaysia) and FSC (Mauritius).
• Uzbek residents: each entity has its own country list; we found no public information on Uzbekistan — confirm.
• Instruments: mainly CFDs — you don't own the shares. Why that matters: CFDs vs real shares.
• Halal filter: swap-free accounts exist, but that doesn't make the CFD itself halal.

Local apps (Tashkent exchange)

Apps such as Multicard.Investments work with the Republican Stock Exchange of Tashkent — through them you buy only Uzbek companies' shares, not US stocks.

8 questions before choosing a broker

1. Will you open an account for an Uzbek resident, and through which legal entity (which country's regulator)?
2. Am I buying real shares or CFDs?
3. In whose name and with which custodian are my shares held? Are client assets segregated from the company's?
4. What is the regulator and licence number — can I verify it in the regulator's register myself?
5. How do I deposit, and how do I withdraw? In which currency, at what cost?
6. Fees: per trade, for custody, for currency conversion.
7. Is there a minimum deposit?
8. Is there a halal filter, or do I screen myself?

The most important practical tip

Before committing a large amount, run a full cycle with a small one: deposit, buy one share, sell it, and withdraw the money back to your bank. Depositing is easy almost everywhere — problems usually show up on withdrawal.

The halal side

Whichever broker you use, check the stock itself separately: halal stocks list. Even a halal stock has a little impermissible income — it needs purification.

This article is for information only. It does not recommend any broker and is not investment advice. We have no partnership or advertising agreement with any broker.