MORE ON THE NUTS AND BOLTS OF LIVING IN URUGUAY...
The Spanish spoken in Uruguay (River Plate variant) is almost the same as the Spanish spoken in Mexico, but in Uruguay, they use some words that Mexicans do not. The vocabulary is slightly different primarily in terms of informal speech. Nonetheless, someone from Mexico would have no problem communicating there—though the accent/pronunciations would be different.
It's true that Uruguay will not accept a record of profits from day trading as proof of steady monthly income for the purpose of applying for permanent residency/citizenship. Instead, what they require as proof is an Accounting Certificate of monthly income received.
As far as particular locations where a lot of American expatriates live, Uruguay, has a popular destination called Punta del Este where some foreigners choose to live, most of whom are retired and who therefore want to live near the beach and far from the city. However, in Montevideo some of the most popular neighborhoods include Carrasco, Punta Gorda, Pocitos and Punta Carretas.
Note that when it comes to numeration, in Uruguay they use periods where we use commas in the USA, and they use commas where we use periods…
Normally, when you open a Bank account in Uruguay, you can ask to open one in Uruguayan pesos (UYU) and one in US dollars (USD) due to the fact that it is typical for people in the county to make big transactions in USD, such as buying houses or cars; and in some cases, renting a house, buying electronic devices, etc.
So then, trading via Binary.com using UYU is not an option...
This should not be a problem however given you can open a multi-currency bank account, which is very common in the country, and in your bank you can exchange currency (i.e., buy USD using UYU) and then use the USD to trade via Bincary.com.
As in the USA, the minimum Stake you can trade is 50ȼ…