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5 Best Forex Brokers in Belgium

Edited by: Louis Schoeman

Forex Brokers Belgium

The 5 Best Forex Brokers in Belgium – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Belgium.

 

In this in-depth guide, you will learn:

  • The Best Forex Brokers in Belgium – a List
  • Is forex trading legal in Belgium?
  • Can I trade Forex in Europe?
  • Where do I trade Forex in Belgium?
  • What is the Best Forex Broker in Europe?
  • Top Brokers for Beginners and Foreigners
  • Best MT4/MT5 Forex Brokers

and much, MUCH more!

 

5 Best Forex Brokers in Belgium

 

5 Best Forex Brokers in Belgium – a Comparison

🔎 Broker 🚀Open an Account🤝 Accepts Belgian TradersMin. Deposit (BEF)
🥇 Saxo Bank👉 Click Here✅YesNone
🥈 Tickmill👉 Click Here✅Yes3759.98
🥉 CMC Markets👉 Click Here✅YesNone
🏅 IC Markets👉 Click Here✅Yes7519.97
🎖️ FP Markets👉 Click Here✅Yes2467.64

 

5 Best Forex Brokers in Belgium (2024)

  1. ☑️ Saxo Bank – Overall, the Best Forex Broker in Belgium
  2. ☑️ Tickmill – Low BEF Minimum Deposit Broker
  3. ☑️ CMC Markets – Best Forex Broker for Beginners
  4. ☑️ IC Markets – Best MetaTrader and cTrader Broker
  5. ☑️ FP Markets – Best Overall Offering

 

Saxo Bank Review

 

Saxo Bank

Saxo Bank is a trusted and well-established multi-asset broker that provides a selection of over 70,000 tradeable instruments. Moreover, it is one of the Highest-Regulated Providers, and 14 Tier-1 Regulators govern it. Moreover, additional security measures include adherence to Danish Legislation plus the implementation of anti-laundering measures.

Accounts offered include Classic, Platinum, and, VIP. No Minimum Deposit is required. Trading Platforms offered are SaxoTraderGO and SaxoTraderPRO. The following trading instruments and products are available:

  • 185 Forex spot pairs and 140 futures
  • Approximately 23,500 equities
  • Various commodities
  • 250 futures contracts
  • 45 FX vanilla options
  • Over 3,200 listed options
  • 7,000 exchange-traded funds
  • Online and offline government and corporate bonds

Moreover, mutual funds from top providers are available, with no commissions or platform fees. Deposit and Withdrawal Options include Bank Transfers, FAST, PayNow, and, MEPS.

🔎 Broker🥇 Saxo Bank
📌 Year Founded1992
👤 Amount of staffApproximately 2,000
👥 Amount of active tradersOver 800,000
📍 Publicly Traded✅Yes
Regulation and SecurityVery High
🛡️ RegulationFSA
FCA
📈 Account Segregation✅Yes
📉 Negative balance protection✅Yes
📊 Investor Protection Schemes✅Yes
💹 Account Types and FeaturesSaxoTraderGO, SaxoTraderPRO
🅰️ Institutional AccountsAvailable
🅱️ Managed AccountsAvailable
💴 Minor account currencies✅Yes
💶 Minimum DepositVaries by account type
and region
⏰ Avg. deposit processing timeTypically 1-2
business days
⏱️ Avg. Withdrawal processing timeTypically 1-2
business days
💵 Fund Withdrawal FeeNo standard fee,
may vary depending
on method
💷 Spreads from0.4 pips (varies by
instrument and
market conditions)
💳 CommissionsVariable, depending
on account type and
trading volume
💸 Number of base currenciesOver 40
💲 Swap FeesVaries depending on
account type and
instrument
▶️ LeverageUp to 1:200 (varies
by asset class
and jurisdiction)
⏹️ Margin requirementsVaries by asset class
☪️ Islamic accountAvailable
🆓 Demo Account✅Yes
⌚ Order Execution TimeTypically milliseconds
to seconds
🖥️ VPS HostingAvailable
📊 CFDs Total OfferedThousands
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📈 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit cards,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit cards,
e-wallets
💻 Trading PlatformsSaxoTraderGO,
SaxoTraderPRO
🖱️ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex trading toolsAdvanced charting,
research tools, trading
signals
🥰 Customer SupportVery Responsive
🗯️ Live chat✅Yes
💌 Support EmailVaries by Region
☎️ Support ContactVaries by Region
🐦 Social mediaFacebook,
Twitter,
LinkedIn
🔖 LanguagesMultiple languages
including English,
Danish, German,
etc.
🏷️ Forex course✅Yes
✏️ Webinars✅Yes
📔 Educational ResourcesYes (includes
articles, videos,
and courses)
🫰🏻 Affiliate program✅Yes
🫶 Amount of partnersNumerous
🤝 IB Program✅Yes
🌟 Sponsor notable events/teamsVarious
💰 Rebate program✅Yes
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
♒ Suited to Active Traders✅Yes
💡 Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

✅ Pros❌ Cons
Instructional resources High Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

The benefits of Trading with Saxo Bank include Brilliant Educational resources and an excellent Proprietary trading platform.

 

Tickmill Review

 

Tickmill

Tickmill is a trusted and highly regulated Forex and CFDs Broker. The Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA govern it. Moreover, Bonus Offers and Promotions are available. Account offers are VIP, Classic, Pro, Islamic, and, Demo. The minimum deposit is 100 USD. Accepted Base currencies include USD, EUR, GBP, and, PLN.

Trading Platforms available are MetaTrader 4 and MetaTrader 5. Moreover, a proprietary trading app allows for mobile trading. The following trading instruments and products are available:

  • 62 currency pairings
  • 23 Indices
  • 3 energy contracts
  • 4 precious metals
  • 4 bond instruments

Moreover, a selection of eight cryptocurrencies is available. Deposit and Withdrawal options include Bank Transfer, Crypto Payments, and, Skrill.

🔎 Broker🥇 Tickmill
💴 Minimum Deposit$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Overview

 

Pros and Cons

✅ Pros❌ Cons
MetaTrader 4 and MetaTrader 5Limited range of instruments
Pro account with minimal commissionsLimited Trading Platforms

 

Our Insights

The benefits of trading with Tickmill include educational resources and training tools for beginners.

 

CMC Markets Review

 

CMC Markets

CMC Markets is a trusted, UK-based provider of online trading and investment. The Financial Conduct Authority regulates it. Additional security measures include Client fund segregation and cutting-edge encryption technology. Accounts offered include CFD, Spread Betting, Corporate, and, Demo. No Minimum Deposit is required.

Trading Platforms available are MetaTrader 4 and Next Generation. Moreover, a Proprietary Trading App offers access to Mobile Trading. The following trading instruments and products are available:

  • Over 330 currency pairings
  • 80+ indices
  • 12 cryptocurrencies
  • 9,500+ shares
  • Share Baskets
  • 50+ treasuries

Moreover, over 10,000 ETFs are available. Deposit and Withdrawal Options include Bank transfers and Online Banking.

🔎 Broker🥇 CMC Markets
💴 Minimum Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

✅ Pros❌ Cons
Next Generation platformHigh Fees

 

Our Insights

The benefits of trading with CMC Markets include ease of use, Low trading costs, and, leading educational resources.

 

IC Markets Review

 

IC Markets

IC Markets is a renowned Forex CFD Provider. ASIC, CySEC, FSA, and, the SCB regulate it. Additional security measures include segregating client funds, negative balance protection, and industry-standard encryption technologies.

Accounts offered are cTrader, Raw Spread, and, Standard. The minimum deposit is 200 USD. Trading platforms available are MetaTrader 4, MetaTrader 5, cTrader, Signal Start, and, IC Social. Moreover, ZuluTrade provides a copy trading platform. The following trading instruments and products are available:

  • 64 currency pairings for trading
  • 22 commodities
  • 25 indices
  • 11 distinct bond instruments
  • 18 cryptocurrency alternatives
  • 1,600 stocks

Deposit and withdrawal options include PayPal, Neteller, Skrill, and, FasaPay.

🔎 Broker🥇 IC Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

The Benefits of trading with IC Markets include its suitability for active day traders and scalpers.

 

FP Markets

 

FP Markets

FP Markets is an Australian Brokerage Firm that provides contracts for differences and forex trading. The Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) regulated it.

Accounts available are Standard, Raw, Islamic Standard, Islamic Raw, and, Demo. The Minimum deposit is AU$ 100. Trading Platforms available are MetaTrader 4, MetaTrader 5, IRESS, and, cTrader. Moreover, a proprietary trading app is offered. The following trading instruments and products are available:

  • 70 currency pairings
  • More than 10,000 Direct Market Access (DMA)
  • 3 precious metals
  • 4 energy commodities
  • 17 indices
  • 11 cryptocurrencies
  • 2 separate bonds

Moreover, 5 agricultural commodities are accessible. Commodities available include Gold, Silver, Oil, and, Coffee.

🔎 Broker🥇 FP Markets
💴 Minimum DepositAU$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
💶 Currency PairsMajor, Minor, Exotic
📌 RegulationsASIC, CySEC, FSCA, FSA, FSC
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

FP Markets

 

Pros and Cons

✅ Pros❌ Cons
FP Markets is regulated in several regionsThere are limited instruments offered
MetaTrader, cTrader, and IRESS are availableresearch tools are not extensive
Tight Spreads Withdrawal fees apply
There are low forex feesNo sign-up or no-deposit bonus

 

Our Insights

The benefits of trading with FP Markets include impressive educational resources and trusted customer support.

 

Forex Broker in Belgium

 

The European Union (EU)

The European Union (EU) is a supranational political and economic union. The EU has  27 member states that are located primarily in Europe.

 

The Financial Services and Markets Authority (FSMA)

The Financial Services and Markets Authority is the financial regulatory agency in Belgium. It ensures honest and equal treatment of Financial Consumers.

 

The Financial Services and Markets Authority (FSMA)

 

In Conclusion

Forex Trading in Belgium has seen a notable rise in popularity as the country borders Forex Hotspots, including the Netherlands and Germany.  Moreover, Belgium is a member country of the European Union (EU). Therefore, the country follows all EU regulations and directives on financial trading.

Forex Trading specifically is regulated by the Financial Services and Markets Authority (FSMA).

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best Forex Brokers that accept Belgian Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

You might also like:

Faq

FP Markets offers 24/7 Customer Support.

IC Markets has an Islamic Account option that does not charge swap fees on overnight holdings.

CMC Markets allows clients to trade various cryptocurrencies as CFDs.

A 30 USD Welcome Bonus is offered.

VIP account members get priority customer support, direct access to a personal relationship manager, and,  unique event invitations

The Financial Services and Markets Authority (FSMA)

Forex Trading in Belgium is Legal and well-regulated.

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