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Home » Best Forex Brokers in Belgium

Best Forex Brokers in Belgium

Many brokers offering services in EU and EEA countries are available to Belgian traders which are further regulated by FMSA. To help you choose only the best, we have carefully vetted forex brokers by reviewing their regulations, trading platforms, fees, customer reviews, and support. Find our top 10 brokers in Belgium for 2025.

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FxPro
trusted
Not available in
Country Flag
1
FxPro
206 customer reviews
Rating
4.8
/ 5
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  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
Pros

  • Regulated by Multiple Tier-1 Authorities

  • Competitive Trading Conditions

  • Wide Range of Trading Platforms

Cons

  • Higher Commissions on Certain Platforms

  • Limited Educational Resources Compared to Other Brokers

  • Not Available Worldwide

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:10000
Start trading
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FxGlory
Not available in
Country Flag
2
FxGlory
9 customer reviews
Rating
4.7
/ 5
Expand
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:3000
Start trading
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XM
Not available in
Country Flag
3
XM
34 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Regulated by Top-tier Authorities

  • Low Spreads and Commissions

  • Popular Trading Platforms

Cons

  • Limited Asset Coverage

  • Platform Selection Limited

  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:888
Start trading
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OANDA
trusted
Available in
Country Flag
4
OANDA
13 customer reviews
Rating
4.5
/ 5
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  • Exceptional Execution
  • US Clients
  • Scalping
Pros

  • OANDA is among the few international online forex brokers that accept U.S. clients.

  • The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.

  • OANDA does not require a fixed initial deposit on the standard account.

Cons

  • OANDA’s financial offerings have some irregularities that may only suit some traders

  • -Trading on OANDA may incur several fees, including a monthly inactivity fee

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
Start trading
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AXITrader
Not available in
Country Flag
5
AXITrader
115 customer reviews
Rating
4.5
/ 5
Expand
  • 24/7 instant money withdrawal
  • Free VPS hosting
  • Specialized trading accounts
Pros

  • No obligation demo accounts with US$50,000 of virtual funds to practice with

  • 24/5 Customer support available 

  • Multilingual support in 14 languages

Cons

  • Limited trading platform options

  • Limited trading instruments

  • Only forex and CFD trading

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
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ActivTrades
Not available in
Country Flag
6
ActivTrades
164 customer reviews
Rating
4.5
/ 5
Expand
  • Specialized trading accounts
Pros

  • Solid Regulatory Oversight

  • Fast Execution Speeds

  • Innovative Trading Tools

Cons

  • Limited Asset Range

  • Commissions and Fees

  • Mixed Customer Support Reviews

  • Withdraw fee0$
  • Deposit fee0$
  • Max Leverage1:400 (1:30 for EU)
Start trading
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Orbex
Not available in
Country Flag
7
Orbex
23 customer reviews
Rating
4.5
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Strong Regulatory Oversight

  • Several Trading Platforms Offered

  • Several Account Options

Cons

  • Variable Spreads on Starter Account

  • High Minimum Deposits for Premium and Ultimate Accounts

  • Some Users Reported Withdrawal Issues

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
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Vantage FX
Not available in
Country Flag
8
Vantage FX
14 customer reviews
Rating
4.5
/ 5
Expand
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Low Trading Fees

  • Multiple Regulatory Licenses

  • Advanced Copy Trading Options

Cons

  • High Minimum Deposit for Pro ECN Account

  • Limited Product Range

  • Mixed Customer Service Reviews

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
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MultiBank Group
Not available in
Country Flag
9
MultiBank Group
1 customer reviews
Rating
4.5
/ 5
Expand
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Highly Regulated and Trustworthy

  • Excellent Asset Selection

  • Multiple Account Types

Cons

  • High Minimum Deposit for Best Conditions

  • Limited Educational Resources

  • Occasional Customer Support Delays

  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
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Strifor
Not available in
Country Flag
10
Strifor
0 customer reviews
Rating
4.5
/ 5
Expand
  • Specialized trading accounts
  • Bonus Offer
  • Loyalty Program
Pros

  • One notable advantage is the availability of an Islamic account, which adheres to Sharia law and allows for interest-free trading.

  • The broker provides multiple account types, including Basic, Advanced, Professional, and Islamic, each catering to different levels of experience and financial capabilities.

  • Customer support at Strifor is accessible through several channels, including phone, email, Telegram, and WhatsApp, ensuring that help is available when needed.

Cons

  • One significant risk is the potential non-return of funds in crypto payments, which may concern traders who favor digital currencies for transactions.

  • The broker offers a singular trading platform, limiting choices for users who might prefer alternatives.

  • The broker’s services are not available to residents of the United States, restricting access for a significant portion of potential clients.

  • Withdraw fee1%
  • Deposit fee$0
  • Max Leverage1:500
Start trading
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Our ranking methodology and selection process

Is Forex Trading Legal in Belgium?

For Belgian traders wondering if it is even legal to do forex trading in Belgium, Brokers under EU-based regulations like CySEC, BaFin, and FCA can legally provide forex trading services to Belgian traders. 

The legality of forex trading in Belgium is often confusing to people because FSMA does not directly regulate any brokers and restricts promotion and marketing of high-risk financial products, especially for retail forex traders (small scale traders). Professional traders who meet a certain criteria like €500,000 in assets get some exceptions. However, traders can trade with brokers that comply with EU regulations, especially with brokers under MiFID II. 

What Forex Trading Platforms are regulated in Belgium?

The Belgian financial authority does not directly regulate any trading platforms. But the trading platforms regulated by other EU-regulations and MiFID II like BaFin, FCA, and CySEC, that are further compliant by FMSA can be called brokers regulated in Belgium. Because of this reason some brokers that are available to other EU countries are sometimes not available to traders in Belgium. FXPro, IC Markets, XM, and Pepperstone are some examples of trading platforms that you can say are regulated in Belgium. To only see regulated brokers in our listings, you can use the regulated filter. 

How to Start Forex Trading in Belgium?

It is important to note that forex trading is risky and does not guarantee profits. However, taking the right steps can help you avoid mistakes and make more informed trading decisions. Here are some actionable steps you can follow to start forex trading in Belgium:

  1. Do your research on what forex trading is, common trading terms, trading strategies, etc. You can explore our Forex Basics and Forex for Beginners blog categories to find a lot of helpful content.
  2. Understand the legal aspects of trading in Belgium and restricted trading instruments. For example, trading instruments like CFDs, rolling spot forex contracts, and binary options are banned for retail traders in Belgium. 
  3. Select a broker regulated by EU-based regulators and FMSA.
  4. Start with demo accounts. You can refine your trading skills without incurring financial losses this way. If you are from Belgium and are a beginner trader, who wants to start trading forex then any regulated broker with a low entry point is usually a better choice. 
  5. Start trading with small investments and then scale over time.    

This is a simple but practical roadmap you can follow to start forex trading.