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.
TradeQuo
trusted
Investor protectionBonus30% deposit bonus
Multilingual Customer SupportMin deposit $1Max leverage UnlimitedRegulated by FSA, FSU, SCA +1Add to compare list4.5 / 5Start tradingPros, cons & fees
Multiple Regulations: Multi-regulated broker with licenses from Seychelles (FSA), South Africa (FSCA), Dominica (FSU), and UAE (SCA).
Extremely High Leverage and Low Trading Costs: You can trade with up to 1:1000, 1:2000, and even “limitless” on special accounts with negative balance protection available. TradeQuo offers spreads as low as zero pips on some major pairs (depending on the account type).
Extensive Range of Tradable Assets: The broker gives you access to 350+ tradable instruments over forex, stocks, indices, commodities, and cryptocurrencies.
Not Available in Certain Jurisdictions: The company does not accept clients from US, EU, UK, and Canada among others due to regulatory restrictions.
No Call Support: TradeQuo does not offer call support at the time of writing this review.
Islamic Account Option Only Available on Request: Islamic accounts are available but not as a standard account type. They are only available upon request.
Neomarkets trustedBonus25% deposit bonusBest Execution On TransactionsMin deposit $20Max leverage 1:500Regulated by FIUAdd to compare list4.5 / 5Start tradingPros, cons & fees
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.
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.
ActivTrades trusted Investor protectionBonusUp to $500 refer-a-friend rewardBest For Instrument Specific InsightsMin deposit 0$Max leverage 1:400 (1:30 for EU)Regulated by FCA, AMFAdd to compare list4.5 / 5Start tradingPros, cons & fees
Solid Regulatory Oversight
Fast Execution Speeds
Innovative Trading Tools
Limited Asset Range
Commissions and Fees
Mixed Customer Support Reviews
Orbex trustedBonusUp to $1,000 cashbackBest For Low SpreadsMin deposit 500 $Max leverage 1:500Regulated by CySECAdd to compare list4.5 / 5Start tradingPros, cons & fees
Strong Regulatory Oversight
Several Trading Platforms Offered
Several Account Options
Variable Spreads on Starter Account
High Minimum Deposits for Premium and Ultimate Accounts
Some Users Reported Withdrawal Issues
Vantage trusted Investor protectionBonus50% deposit bonusBest For Online CFD TradingMin deposit $50Max leverage 1:2000Regulated by ASIC, FCA, FSA +1Add to compare list4.5 / 5Start tradingPros, cons & fees
Low Trading Fees
Multiple Regulatory Licenses
Advanced Copy Trading Options
High Minimum Deposit for Pro ECN Account
Limited Product Range
Mixed Customer Service Reviews
MultiBank Group trusted Investor protectionBonus25% deposit bonusBest Gold BrokerMin deposit $200Max leverage 1:500Regulated by ASICAdd to compare list4.5 / 5Start tradingPros, cons & fees
Highly Regulated and Trustworthy
Excellent Asset Selection
Multiple Account Types
High Minimum Deposit for Best Conditions
Limited Educational Resources
Occasional Customer Support Delays
Strifor trusted Investor protectionBonusDeposit Bonus by Strifor VIP ClubIslamic Swap-Free AccountMin deposit $0.1Max leverage 1:500Regulated by FSCAdd to compare list4.5 / 5Start tradingPros, cons & fees
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.
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.
ADMIRAL MARKETSBonusPro. Cashback Program by Admiral MarketsBest Investor EducationMin deposit $1/€1Max leverage 1:30Regulated by FCA, CySEC, ASIC +2Add to compare list4.4 / 5Start tradingPros, cons & fees
Regulated by Top-Tier Authorities
Excellent Educational Content
Competitive Pricing on Some Account Types
Inactivity Fee
No 24/7 Customer Support
Limited Product Portfolio for Some Account Types
Pepperstone Investor protectionBonusUp to AUD $40,000 refer-a-friend rewardBest For Low CommissionsMin deposit £500/$500Regulated by ASIC, FCA, BaFIN +1Add to compare list4.4 / 5Start tradingPros, cons & fees
Strong Regulatory Oversight
Fast Execution Speeds
Wide Range of Trading Instruments
Platform Complexity for Beginners
Limited Educational Resources for Advanced Traders
Limited Demo Account Access
NPBFXBonusUp to 30% deposit bonus1:200 Max LeverageMin deposit 10$Max leverage 1:200Regulated by FSCAdd to compare list4.4 / 5Start tradingPros, cons & fees
Competitive Spreads and Leverage
Fast Order Execution
Flexible Trading Strategies
Lack of Major Regulatory Oversight
Limited Platform Options
Limited Educational Resources
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:
- 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.
- 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.
- Select a broker regulated by EU-based regulators and FMSA.
- 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.
- Start trading with small investments and then scale over time.
This is a simple but practical roadmap you can follow to start forex trading.