Best Forex Brokers in Belgium

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    An online forex broker is a financial service provider that facilitates the buying and selling of foreign currencies by traders through its online platform or website. These brokers act as an intermediary between the forex market and traders, giving traders access to a vast range of currency pairs. Most forex brokers offer valuable resources such as fundamental news, tools, and analysis that can assist you as a trader in making informed trading decisions.

    Online brokers have made forex trading more accessible and convenient for anyone interested in trading, and they sometimes provide access to live data and educational resources. One of the key benefits of using an online trading broker is leverage trading, which allows individuals to trade with a margin greater than their initial investment.

    It is worth noting that there are lots of brokers you can choose from, with some available only in specific countries. When you are selecting a broker, it is important to consider your trading objectives carefully. By doing so, you can select a broker that is better suited to your trading strategy rather than choosing one based on opinions. For example, swing traders would benefit more from online brokers that charge less commission.

    Choosing the right broker can have a significant impact on your profitability, and brokerage services vary based on several factors, such as region, financial instruments, asset class, fees/ commissions, and more. In this article, we will provide you with a comprehensive guide to the best forex brokers in Belgium.

    Criteria for Selecting the Best Forex Broker in Belgium

    Understanding how to assess forex brokers will enable you to determine the best broker that will fit your trading style. These criteria can serve as a guide that helps you thoroughly evaluate forex brokers. Without further delay, let’s take a look at the major factors to consider when choosing a forex broker in Belgium.

    Trading platform

    It’s important to choose a broker that offers a trading platform that is easy to use and reliable. This platform should also have advanced tools and features to help you trade effectively. It is also essential that you can quickly make trades and get access to real-time market data and analysis through the platform. This ensures that you have the best possible trading experience.

    Deposit and withdrawal options

    Many traders overlook the importance of deposit and withdrawal options when choosing a broker. It’s crucial to ensure that the broker’s deposit and withdrawal options are convenient for you. The time periods for deposits and withdrawals should also be considered, as most traders prefer quick access to their funds.

    Some brokers have minimum and maximum limits for deposits and withdrawals, which can be inconvenient for certain traders. It’s essential to thoroughly research your preferred online forex broker’s withdrawal and deposit policies to avoid any inconvenience. By doing so, you can ensure a smooth trading experience without any unwanted surprises.

    Regulatory Compliance

    Selecting a forex broker that is regulated by reputable authorities is crucial for the safety of your capital. Regulatory bodies like the Australian Securities and Investment Commission (ASIC), the Commodity Futures Trading Commission (CFTC), the Financial Conduct Authority, and others ensure that your chosen broker adheres to financial conduct standards.

    Spread and fees

    The spread is the difference between the asking and bid price of a currency pair, and it can greatly impact your trading outcome. It takes some level of experience to factor the spread into each trade. Market conditions and fluctuations can cause spreads to change. Opting for a broker with a tight spread will help you make more precise trades, particularly if you use limit orders frequently.

    Fees are another essential factor to consider when selecting a forex broker. Lower fees could mean more profits for you as a trader. Hence, it’s crucial to select a broker with reasonable fees to avoid losing so much of your trading profits.

    Asset selection

    When selecting a currency broker, it’s crucial to consider the range of currency pairs they offer. Some brokers provide only a limited selection of currency pairs, while others offer a vast variety. Using a broker that has the specific currency pairs you’re interested in trading will make your trading experience more comfortable and convenient. 

    Customer Support

    As a trader, you may encounter issues or have important questions that require assistance. While most forex brokers claim to have good customer support, that isn’t always the case. The importance of selecting a broker with a responsive and helpful customer support team that provides round-the-clock support can not be overstated. Having this support ensures that you can get quick and efficient solutions to any issues that may arise during your trading experience.

    Educational and research materials

    To make informed trading decisions, it’s crucial to select a forex broker that provides instructional materials and research tools. This includes having access to trade manuals, webinars, and other educational resources. These resources are essential for traders who use fundamental analysis to make trading decisions.

    When selecting a broker, it’s common not to find one that offers all the features you need. In such cases, you may have to make tradeoffs and weigh the opportunity costs. For example, you may want a broker that provides both a zero-spread account and low fees, but you might only be able to get one of these features.

    It is important to have a scale of preference for your desired features and requirements for a broker. This will help you better select a broker that can complement your trading style. Tradeoffs are very normal when choosing a forex broker.

    Best Forex Brokers in Belgium

    Here is a list of the top online forex brokers you can use in Belgium. Please note that the list is not in any specific order.

    IC Markets

    IC Markets is one of the best platforms to trade forex and CFDs. They are an Australian-based forex broker that offers trading services in Belgium. IC Markets is famous for its instant trade executions, competitive pricing, and amazing trading platform. IC Markets offers 61 forex trading pairs and a minimum deposit of $200. The maximum leverage available on IC markets is 1:500.

    IC Markets offers a very low spread compared to competitors, and it is regulated by the Australian Securities and Investments Commission (ASIC). IC Markets also offers several educational materials and tools, which can prove helpful for traders looking to get insight into the market while enhancing their skills.

    • Low spread
    • Instant trade executions
    • Strict regulations
    • No local presence in Belgium
    • High minimum deposit
    • Limited payment options
    • Slow live chat support

    Interactive brokers

    Interactive Brokers is a US broker that was founded in 1978. They offer a range of trading options, such as FX, stocks, options, and futures. Interactive Brokers offers over 100 currency pairs with no minimum deposit. They have advanced trading platforms such as TWS, Webtrader, and mobile apps that offer automated trading capabilities. and technical charting tools.

    The maximum leverage offered by this broker is 1:30, which is not much compared to the competition. Interactive brokers is regulated by the SEC, the FCA, and several other bodies. German and French are available on Interactive Brokers, which makes them ideal for Belgians.  

    • Low spreads and commissions which reduces trading costs.
    • A large number of tradable pairs
    • Outstanding round-the-clock customer support
    • No minimum deposit
    • Only a few options available for deposit and withdrawal
    • No live chat support


    With operations in Belgium, FXTM is a global forex and CFD broker offering numerous trading instruments such as stocks, forex, indices, and commodities. FXTM was founded in 2011, allowing traders to trade over 1,000 assets and 60 currency pairs while offering trading signals and copy-trading services. The minimum deposit for Belgian traders is $10.

    The leverage available on major pairs in Belgium is 200:1. FXTM allows traders to open zero-spread accounts. FXTM is regulated by several global bodies, and they are authorised by FSMA for Belgians.

    • Wide range of tradable forex pairs
    • Support for multiple trading platforms
    • Low minimum deposit for traders
    • High trading costs with commissions as high as $2 per lot
    • Customer support does not operate on weekends
    • Very few options available for deposits and withdrawals

    CMC Markets

    CMC Markets is a UK-based forex broker that was founded in 1989. They offer 338 currency pairs, which is ideal for traders looking to trade deverse currency pairs. CMC Markets has support for multiple trading platforms, and their minimum deposit is 1 euro. 

    CMC Markets are regulated by the Financial Conduct Authority, which ensures the safety of traders’ funds. There are a lot of language options in CMC Markets.

    • Wide selection of trading pairs
    • Support for multiple trading platforms
    • Low minimum deposit
    • Good range of educational and research resources
    • High trading costs as much as $10 per lot
    • Limited options available for deposit and withdrawal

    Vantage FX

    Vantage FX is an Australian-based forex broker that was founded in 2009. This online broker is regulated by several regulatory bodies, such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA). Vintage FX supports numerous trading platforms for various types of traders.

    Spreads on Vantage FX can go as low as zero, with a commission fee of $3 per lot. Vantage FX does not offer traders negative balance protection, meaning traders can lose more than their account balance.

    • Low trading costs
    • Support for multiple trading platforms
    • Instant trade executions
    • No negative balance protection
    • Slow customer support and language barrier
    • Few options for deposits and withdrawals

    Comparison of Top Forex Brokers in Belgium

    IC Markets is well-known for offering a range of trading platforms, including the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms. Interactive Brokers offers the Trader Workstation (TWS) platform, while FXTM and Vantage FX offer both the MT4 and MT5 platforms. On the other hand, CMC Markets has its own proprietary trading platform, the Next Generation platform. All of these platforms have their own unique features and benefits.

    IC Markets offers a wide range of deposit and withdrawal options, including credit and debit cards, bank transfers, and a variety of e-wallets such as PayPal and Skrill. Interactive Brokers and FXTM offer similar deposit and withdrawal options, while CMC Markets and Vantage FX offer a more limited range of options. However, all of these brokers offer secure and reliable payment processing systems.

    All of these brokers are regulated by reputable authorities, ensuring that they operate in accordance with industry best practices and standards. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA), while Interactive Brokers is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). FXTM is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). CMC Markets is regulated by the FCA in the UK and the Australian Securities and Investments Commission (ASIC), while Vantage FX is regulated by the Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA).

    The spread and fees offered by these brokers vary depending on the trading platform and asset selection. IC Markets is known for offering competitive spreads and low trading fees, with spreads as low as 0.0 pips. Interactive Brokers also offers low spreads, with its forex spreads starting at just 0.1 pips. FXTM offers competitive spreads, with its standard account offering spreads starting at 1.3 pips. CMC Markets offers tight spreads, with its spreads starting at 0.7 pips. Vantage FX offers competitive spreads, with its spreads starting at 0.0 pips.


    Choosing the right forex broker can significantly impact your profitability in trading forex. Several factors should be considered when selecting a forex broker, such as the trading platform, deposit and withdrawal options, regulatory compliance, spreads and fees, asset selection, customer support, and educational and research materials. It is important to evaluate forex brokers thoroughly and not select based on opinions. This will ensure the best possible trading experience.


    Are forex brokers regulated in Belgium?

    Yes, forex brokers operating in Belgium must be regulated by the Financial Services and Markets Authority (FSMA).

    Can I trade forex with a broker located outside of Belgium?

    Yes, it is possible to trade with a broker located outside of Belgium, but it is important to ensure that the broker is regulated by a reputable financial authority.

    What is the maximum leverage offered by forex brokers in Belgium?

    The maximum leverage offered varies between brokers, but it is typically 1:30 for retail clients and up to 1:500 for professional clients.

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