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Home » Forex Brokers » By Country » 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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Neomarkets
trusted
Not available in
Country Flag
1
Neomarkets
1 customer reviews
Rating
4.8
/ 5
Expand
  • 24/7 instant money withdrawal
  • Affiliate Program
Pros

  • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

  • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

  • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

Cons

  • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

  • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

  • NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.

  • Withdrawal fee$0 (conditions apply)
  • Deposit fee$0
  • Max Leverage1:500
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FxGlory
Not available in
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2
FxGlory
9 customer reviews
Rating
4.7
/ 5
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  • 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

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:3000
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FxPro
trusted
Not available in
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3
FxPro
206 customer reviews
Rating
4.7
/ 5
Expand
  • 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

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:10000
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XM
Not available in
Country Flag
4
XM
34 customer reviews
Rating
4.7
/ 5
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  • 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

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:888
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OANDA
trusted
Available in
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5
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

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
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AXITrader
Not available in
Country Flag
6
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

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
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ActivTrades
Not available in
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7
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

  • Withdrawal fee0$
  • Deposit fee0$
  • Max Leverage1:400 (1:30 for EU)
Start trading
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Orbex
Not available in
Country Flag
8
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

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
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Vantage FX
Not available in
Country Flag
9
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

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
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MultiBank Group
Not available in
Country Flag
10
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

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
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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.