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.
Interactive Brokers
Investor protectionBonusRefer a Friend Program by Interactive Brokers
Best For Day TradersMin deposit 10000 $Regulated by FCA, CFTC, NFA +1Add to compare list3.9 / 5Start tradingPros, cons & fees
Unparalleled Market Access
Competitive Pricing
Advanced Trading Tools
Steep Learning Curve
Customer Service Could Be Better
RoboMarketsBonusUp to 10% cashbackFree VPSMin deposit $100Max leverage 1:2000Regulated by CySECAdd to compare list3.9 / 5Start tradingPros, cons & fees
Demo account available on all trading platforms
Provides 24/7 multilingual customer support, including live chat
Offers automated dividend payments
Demands a high minimum deposit
Provides services limited to the EU
No spread betting
DEGIRO Investor protectionLow FeesMin deposit €0.1Max leverage 1:30Regulated by BaFIN, AFM, DNB +2Add to compare list3.9 / 5Start tradingPros, cons & fees
Low fees
Wide range of assets
User-friendly platform
DEGIRO does not accept U.S. clients
Limited trading tools
No credit/debit card deposit
Aetos Investor protectionRegulated by FCA and ASICMin deposit $250Max leverage 1:200Regulated by ASIC, FCAAdd to compare list3.9 / 5Start tradingPros, cons & fees
Strong regulatory compliance
Competitive trading conditions
Robust educational resources
Limited offerings for cryptocurrency
Higher-than-average minimum deposits on some accounts
Lack of MetaTrader 5 platform
Pros, cons & fees
Wide selection of market instruments, including agriculture, energies, metals, stocks, indices, ETFs, currencies, and cryptocurrencies
Well-regulated by reputable authorities, ensuring transparency and adherence to industry standards
Segregation of clients' funds in top-tier banks, enhancing the safety and security of client funds. In addition, Ingot offers negative balance protection, safeguarding traders from potential losses exceeding their account balance.
Not available in certain countries such as the United States of America due to restricted jurisdictions, limiting access for traders in specific regions.
The demo account expires in two weeks, which may be insufficient for traders to thoroughly test the platform and strategies.
International trading is done through an offshore entity, which might raise concerns about regulatory differences and protections.
Colmex Pro Investor protectionWide Range Of Payment OptionsMin deposit $500Max leverage 1:400Regulated by CySECAdd to compare list3.8 / 5Start tradingPros, cons & fees
Colmex Pro provides traders with competitive leverage up to 1:30 for forex instruments and up to 1:20 for professional clients trading stocks.
The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the company follows strict financial and ethical guidelines.
Traders can fund their accounts using various methods such as credit/debit cards, bank transfers, and online payment methods like PayPal. Withdrawals can also be made via Visa, MasterCard, or PayPal.
Colmex Pro lacks educational resources such as webinars, trading guides, and other materials to help traders improve their skills.
Customer support is only available during weekdays and not 24/7, which could be inconvenient for traders in different time zones.
While the first transaction of the month under or equal to $500 is free, any following withdrawals are charged a fee of $40 (or €30 for Euro accounts), which may be high compared to other brokerage firms.
AMP Global Investor protectionUp To €20,000 Investor ProtectionMin deposit $100Max leverage 1:500Regulated by CySECAdd to compare list3.8 / 5Start tradingPros, cons & fees
AMP Global offers diverse tradable instruments, including forex, exchange-traded futures, metals, energies, indices, stocks, and crypto CFDs. This allows traders to diversify their portfolios and exploit various market opportunities.
Including the Investor Compensation Fund is a notable advantage for clients trading under the CySEC-regulated entity. This fund offers insurance per client up to 20,000 EUR, providing additional protection for client funds.
AMP Global offers various account funding methods, including bank wire transfers, credit/debit cards, and e-wallet services. This provides flexibility and convenience for clients when depositing and withdrawing funds.
The registration requirements to open a new AMP Global live account may be considered complex, involving multiple steps and providing various declarations. This might be a drawback for traders seeking a more straightforward account opening process.
Traders do not have the liberty to pick which trading platform they wish to use since AMP GLOBAL only offers the MT5 trading platform. This means there is no proprietary platform, the MT4 or the cTrader platforms.
AMP GLOBAL forex brokerage offers only one account type for all its clients. This effectively means users have no choice of picking account types that suit their trading needs.
Octa FXBonusDeposit Bonus for Referred Users by OctaFx1:1000 Max LeverageMin deposit $10Max leverage 1:1000Regulated by CySEC, FSCA, MISAAdd to compare list3.8 / 5Start tradingPros, cons & fees
Competitive Spreads and No Commissions
High Leverage Options
Fast Withdrawal Processing
Limited Range of Tradable Instruments
Not Regulated in Top-Tier Jurisdictions
Limited Educational Resources
FXDDBonusNo Deposit Trading Bonus by FXDDNegative Balance ProtectionMin deposit $250Max leverage 1:50Regulated by MFSAAdd to compare list3.7 / 5Start tradingPros, cons & fees
Wide range of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader.
Flexible and beginner friendly account types.
Negative balance protection.
Minimum deposits with FXDD can be quite higher than other brokers.
Accounts dormant for a long time may be charged inactivity fees.
No U.S clients.
OnFin brokerBonus100% welcome bonus1:1000 Max LeverageMin deposit $1Max leverage 1:1000Regulated by MISAAdd to compare list3.7 / 5Start tradingPros, cons & fees
High Leverage Options
Diverse Account Types
Multiple Trading Platforms
Recent Domain Creation
Limited Social Media Presence
Moderate Risk Rating
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.