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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.

Order by
31ACY.com Investor protectionBonus60% welcome bonusBest Multi Asset CFD BrokerMin deposit 50$Max leverage 1:500Regulated by ASIC, FSA (SV)Add to compare listRating 4.2 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Multiregulated Broker: ACY operates under multiple regulatory jurisdictions, including ASIC, FSA (SV), Jordan Regulation, SVG, and FSCA.

  • Extensive Tradable Assets: ACY offers a vast selection of over 1,600 tradable products, allowing traders to diversify their portfolios.

  • Customer Support and Trader Education: ACY provides an extensive training portal, offering educational resources and support for traders at all levels of experience.

Cons

  • Commission-Based Trading Fees: The commission is only applicable to the ProZero account, which offers very low spreads. The commission is $3 per lot per round, with no additional trading fees during trading.

  • Slightly High Spreads on Standard Account: While ACY's standard account spreads are slightly higher than the industry average, the ProZero account offers lower spreads.

Withdrawal fee $0Deposit fee $0
32FP Trading Investor protectionFree VPS HostingMin deposit $50Max leverage 1:500Regulated by ASIC, CySEC, FIU +2Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accountsRead review
Pros

  • Excellent customer support with 24/7 availability

  • Competitive spreads and fast execution speeds

  • Comprehensive educational resources including webinars and video tutorials

Cons

  • Limited range of tradable assets compared to some competitors

  • Higher minimum deposit for certain account types

  • No proprietary mobile app (relies on MT4/cTrader mobile)

Withdrawal fee $0Deposit fee $0
33CapitalcoreBinary Options and CFD TradingMin deposit $10Max leverage 1:2000Regulated by iFSAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 Customer ServiceVery High LeverageRead review
Pros

  • Ultra-High Leverage: Capitalcore offers one of the highest leverage in the industry. Traders can get much bigger positions with 1:2000 leverage when trading with Classic accounts.

  • Swap-Free Accounts & No Hidden Fees: The broker does not charge overnight swap interest or trading commissions on any instrument. The company also does not charge inactivity fees, withdrawal fees, and deposit fees unlike other brokers.

  • Binary Options and CFD Trading Options: Trade 35+ forex pairs, major stock indices, metals, cryptos, and even binary options.

Cons

  • Offshore Regulation: Capitalcore is not regulated by a tier -1 regulator. The company operates under an offshore IFSA regulation in St. Vincent & the Grenadines.

  • No MT4/MT5 or cTrader Support: The broker only offers proprietary platforms, with no MetaTrader or other third-party platforms for those who prefer industry-standard software or automated EA trading.

  • Limited Number of Tradable Assets: Capitalcore lacks many tradable assets. For example, the broker does not offer ETFs and only has limited commodities like no agricultural products.

Withdrawal fee $0Deposit fee $0
34DNA MarketsSpreads From 0.0 PipsMin deposit $100Max leverage 500Regulated by ASICAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Low Trading FeesNo Inactivity FeesRead review
Pros

  • Low Trading Fees: Offers low trading fees with spreads starting from 0.0 pips.

  • Tier-1 Regulated Broker: Regulated by ASIC, a tier-1 financial regulator.

  • Multichannel Support: Provides multiple channels for contacting support via phone, live chat, and email.

Cons

  • Only MT5 Available: The platform offering is limited to MT5. Traders seeking alternative platforms will need to trade with other brokers.

  • No Educational Resources: The absence of educational and research tools may limit the appeal to beginners seeking guidance.

  • No Proprietary Trading App: It does not offer a proprietary trading app, which could impact accessibility for mobile traders.

Withdrawal fee $0Deposit fee $0
35UnitedPipsBonus40% deposit bonus40 % bonusMin deposit $10Max leverage 1:1000Regulated by NoAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Specialized trading accountsPayPay for depositRead review
Pros

  • High leverage options (up to 1: 1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons

  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

Withdrawal fee $0Deposit fee $0
36AirMarketsMobile Trading PlatformRegulated by NoAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
350+ Tradable AssetsRead review
Pros

  • 350+ Tradable CFDs: Access to forex, stocks, indices, cryptocurrencies, commodities, and metals.

  • Mobile and Desktop Trading Apps: AirMarkets both mobile and web trading applications.

  • Fusion Indices: Specialized gold, silver, and palladium indices provide additional market exposure (learn more on broker’s website).

Cons

  • Offshore Regulation: The broker operates through a Comoros entity under MISA, which provides a different level of regulatory protection from major regulators such as the FCA, ASIC, or CySEC.

  • Limited Public Trading Conditions: Minimum deposits, spreads, leverage, and detailed account conditions are not clearly displayed on the current public website.

  • Limited Track Record: The broker is a new entrant to the market. Therefore, not a lot of information is available about it.

37SmartSTPMultilingual Support in 8 LanguagesMin deposit $250Max leverage 1:200Regulated by FSCAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Extensive Number of Tradable Assets: SmartSTP offers 350+ tradable assets across metals, commodities, forex, crypto, stocks, and indices.

  • Multilingual 24/5 Customer Support: The broker offers customer service via live chat, calls, and email in 8 languages from Monday to Friday.

  • Proprietary Trading Platform: Powerful and easy-to-access proprietary trading platform powered by TradingView to stay on top of market trends.

Cons

  • No MetaTrader 4 or 5 Available: SmartSTP does not offer MetaTrader 4 or MetaTrader 5 trading platforms.

  • High Initial Deposit: The initial deposit of $250 is slightly higher than many other brokers.

  • Offshore Regulated Broker: The company is regulated by FSC Mauritius, which is an offshore regulatory body.

38BXB Market24/5 SupportMin deposit $250Max leverage 1:200Regulated by MISAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Multilingual SupportRead review
Pros

  • User Friendly Proprietary Platform: The broker offers an intuitive web-based trading platform and mobile app with TradingView integration. The mobile and web apps are easy to use and highly accessible.

  • Extensive Variety of Tradable Assets: Access over 300 CFD instruments including forex pairs, global indices, commodities, stocks, metals, and cryptocurrencies from a single trading account.

  • Tiered Account Structure: Three clearly defined account levels (Silver, Gold, VIP) with progressive benefits including swap discounts up to 60% and tighter spreads for higher tiered accounts.

Cons

  • Offshore Regulation Only: MISA (Comoros) is an offshore regulator with limited oversight.

  • No MetaTrader Support: The broker does not offer MT4 or MT5 platforms which may disappoint traders who are more accustomed to these platforms.

  • Higher Minimum Deposit: Minimum deposit of $250 USD is slightly higher than many brokers usually offer. However, there is an option of a demo account for a risk-free approach.

Withdrawal fee $0Deposit fee $0
39FirstECN24/5 SupportMin deposit $250Max leverage 1:200Regulated by MISAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Multilingual SupportRead review
Pros

  • Extensive Range of Tradable Assets: FirstECN offers 300+ CFD instruments across forex, stocks, indices, commodities (including precious metals), and cryptocurrencies.

  • High Leverage & Spreads: The broker offers leverage of up to 1:200 for all account tiers.

  • Low Spreads: FirstECN generally offers low spreads starting from 1.2 pips to 1.9 pips depending on the trading account type.

Cons

  • Offshore Regulation: The company is regulated by MISA, which is an offshore regulator. Thus, it lacks the strict oversight and regulatory framework of EU regulators.

  • No MetaTrader Platforms: The broker does not offer MetaTrader 4 or 5 unlike most  brokers.

  • No Swap-Free/Islamic Account: FirstECN offers swap discounts on different account tiers, but lacks a swap-free Islamic account.

Withdrawal fee $0Deposit fee $0
40SuxxessFXIslamic Swap-Free AccountMin deposit $250Max leverage 1:200Regulated by FSAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Multilingual Customer SupportExtensive Range of CFDsRead review
Pros

  • Extensive Range of Tradable CFDs: SuxxessFX offers around double (320+ in total) the number of tradable assets you usually get from a broker.

  • No Withdrawal, Deposit, and Inactivity Fees: The trading fees from SuxxessFX are very straightforward with no fees on withdrawals, deposits, and inactivity.

  • Proprietary Mobile and Browser Trading Apps: Instead of third-party trading platforms, SuxxessFX offers proprietary WebTrader and mobile trading apps.

Cons

  • No MetaTrader 4 or MetaTrader 5 Options: MetaTrader 4 and MetaTrader 5 are super popular trading platforms among traders. SuxxessFX does not offer these platforms.

  • Lack of Educational Resources: Brokers usually have extensive material for traders on their websites. SuxxessFX has a brief FAQs section on their website instead.

  • Offshore Regulation: Even though the company is registered in Cyprus, the company operates under FSA Seychelles regulation. It could be a step to avoid strictness tier-1 regulatory bodies usually have.

Withdrawal fee $0Deposit fee $0

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Our ranking methodology and selection process

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.