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Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Top-Rated Forex Brokers in Belgium

Contrary to what you might have heard, there are plenty of Forex / CFD brokers which accept Belgian residents as clients. I’ve looked at the best Forex brokers in Belgium in detail and compiled the shortlist below. Read on to find the best Forex broker for you, and to learn some important facts about trading in Belgium.

The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
24/5 customer support & quality research and education for beginners
Professional indemnity insurance & segregated client deposits at Commonwealth Bank.
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Solid broker for scalping and hedging
Institutional-style trading opportunities for retail traders
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Trade 1,000+ financial instruments
Experience low, competitive spreads
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
ECN-style trading
Daily market research and Autochartist access
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best ECN execution on the MT4 platform
Excellent implementation of cTrader and Smart Trader Tools

  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • ACY Securities, Swap-free trading with the MT5 trading platform.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.
  • Eightcap, Competitive pricing + excellent daily videos.
  • FP Markets, ECN trading with leverage up to 1:500.

Best Belgian Brokers Comparison

Year Established
Execution Type(s)
Market MakerECN/STP, Market MakerECN/STP, No Dealing DeskECN/STP, Market MakerECN/STP
Minimum Deposit
Average Trading Cost EUR/USD
0.9 pips1.1 pips ($11.00)1.3 pips1.0 pips1.1 pips
Average Trading Cost GBP/USD
1.5 pips1.1 pips ($11.00)2.0 pips1.2 pips1.4 pips
Average Trading Cost Gold
$0.29 $0.15 $0.90 $0.12 $0.21
Trading Platform(s)
Other, MetaTrader 4, MetaTrader 5, Web-based+MetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, Trading ViewMetaTrader 4, MetaTrader 5, Trading ViewMetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based
Islamic Account
Negative Balance Protection

The Most Trusted Trading Platforms in Belgium


In Summary Highly regulated, choice of fixed or floating spreads

AvaTrade is one of the largest Forex / CFD brokers and well-known for offering their clients a choice of fixed or floating spreads. They have a very high and strong level of regulation. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as 400 to 1. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. 2 bonds and 6 ETFs are also on the menu.

Read more on AvaTrade »
5.0/5 in this category

Pros & Cons

  • High quality educational offering via AvaAcademy
  • Excellent choice of trading platforms catering to various trading needs
  • Broad asset selection and cross-asset diversification opportunities
  • Well-regulated and trusted broker with oversight from a central bank
  • Trading costs competitive but nothing special

ACY Securities

In Summary Swap-free trading with the MT5 trading platform

The 15 plugins for MT4/MT5 and Capitalise AI for algorithmic trading in a code-free environment make ACY Securities one of the best Forex brokers in Belgium. Demanding algorithmic traders get 24/5 market access via VPS hosting, fast order execution under 30ms, and 46 liquidity providers ensure deep liquidity. ACY Securities maintains a well-balanced asset selection of 2,200+ trading instruments.

Traders get 16 payment processors in 16+ currencies plus numerous cryptocurrencies, and ACY Securities grants three free withdrawals monthly. ACY Securities is also an excellent choice for copy traders, as it features embedded MT4/MT5 services, Signal Start, and SoFinX.

Read more on ACY Securities »
4.8/5 in this category

Pros & Cons

  • Large repository of daily analysis and educational content
  • Low spreads starting at 0 pips in the Spread Zero account
  • 16 payment processors, including cryptocurrencies
  • Competitive trading fees in its commission-based accounts
  • Only 1 regulator

BlackBull Markets

In Summary Best ECN trading environment, with scalping and hedging

BlackBull Markets was founded in 2014 in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.

Read more on BlackBull Markets »
4.8/5 in this category

Pros & Cons

  • ECN/NDD execution model with deep liquidity
  • Institution-grade pricing for retail traders via proprietary price aggregation
  • ZuluTrade and Myfxbook for social trading
  • Leverage of up to 1:500
  • Limited deposit options


In Summary Competitive pricing + excellent daily videos

Eightcap ranks among the best Forex brokers in Belgium due to its cutting-edge trading tools. MT4 traders get Capitalise AI, enabling algorithmic trading in a code-free environment. VPS hosting ensures 24/5 low latency Forex trading. Eightcap upgrades MT5 with Flash Trader, while Cryptocurrency traders get the dedicated cryptocurrency solution Crypto Crusher. Social traders can connect their Eightcap trading account to TradingView, where 50M+ traders discuss and share ideas.

The AI-powered economic calendar is a valuable tool for manual traders, and copy traders can use the embedded MT4/MT5 solution. Completing the excellent trading tools is a competitive commission-based cost structure.

Read more on Eightcap »
4.7/5 in this category

Pros & Cons

  • Low minimum deposit and high leverage of up to 1:500
  • Competitive cost structure
  • Excellent technology infrastructure and seasoned management team
  • Daily research and quality educational content
  • Limited leverage in some areas

FP Markets

In Summary ECN trading with leverage up to 1:500

fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.

Read more on FP Markets »
4.6/5 in this category

Pros & Cons

  • Choice of trading platforms and auxiliary trading tools
  • Very competitive cost structure and excellent asset selection
  • Low minimum deposit requirement and leverage of up to 1:500
  • Well-regulated and trustworthy
  • Availability of Iress geographically restricted

Forex in Belgium: Legality, Tax, and Getting Started

Is Forex Trading Legal in Belgium?

The simple answer is that there is no law against a Belgian resident trading Forex. However, Belgium does have strict laws aimed at Forex brokers. In 2016, the Belgian regulator, the Financial Services and Markets Authority (FSMA), banned brokers from offering CFDs, rolling spot Forex contracts, and binary options to retail traders. They also banned most forms of marketing. Of course, the FSMA has no way to enforce these regulations against offshore Forex / CFD brokers outside Belgium who are prepared to accept Belgian residents as clients, and there are several such brokers.

Belgian-regulated brokers can still offer unleveraged trading in stocks, shares, and a few other products.

Also note that if you are resident in Belgium but hold the passport of another country, brokers are probably not going to breaking regulations by accepting you as a retail client and offering you trading in Forex products.

Is Forex Trading Taxable in Belgium?

Yes, Forex trading is taxable in Belgium. However, as Forex trading is domestically prohibited for retail traders in Belgium, it is hard to find publicity about tax details which apply to profitable Forex traders using an offshore brokerage, although it is clear the individual trader breaks no Belgian law in this example.

Any Belgian tax resident making a profit trading Forex should always consult with a professional tax adviser for details of their tax liability. It is possible that Forex trading profits will be taxed at the same rate as a “professional salary” under the Belgian tax code.

How Much Do I Need to Start Trading Forex in Belgium?

Although some Forex brokers have no minimum deposit requirements, or very low minimums, beginners should ideally aim to deposit at least $120 to trade with a safe level of risk. Depositing an affordable amount every month can also work well after the initial deposit.

How to Verify a Broker’s Regulation in Belgium

All brokers regulated in Belgium are listed at the website of the Belgian financial regulator, the Financial Services and Markets Authority (FSMA). A search can be made easily by choosing the “Consumer” tab, then clicking on “search function” under “Check your provider”. If the broker you are searching for is not listed, it is not regulated in Belgium.

Retail Forex traders wishing to trade spot Forex or CFDs will anyway have to use a broker which is not regulated in Belgum.

How to Choose a Forex Broker in Belgium

Finding the right competitive Forex broker for you can be a challenge, as there are literally hundreds of international Forex brokers. We give you a head start in building a shortlist to choose from by composing a list of the best Forex brokers in Belgium to help you make the best choice.

Here is a checklist on how to choose a Forex broker:

1. Regulation – As most Belgian resident traders are going to need to use a broker based outside Belgium, it is especially important to choose a well-regulated, trustworthy broker with a good reputation. It is important to avoid unregulated brokers.

2. User Reviews – These can be inaccurate, with some reviews likely posted by traders who have failed to understand terms and conditions or by employees of brokers to post fake positive reviews about their services and fake negative ones on competitors. So, while you should take an individual review with a pinch of salt, if many reviews are mostly positive or negative, this is something worth noting.

3. Trading Platforms - The MT4 trading platform, fully supportive of algorithmic and copy trading, remains the best choice for Forex traders, as it comes with 25,000+ EAs, plugins, and custom indicators. In any case, if there is a particular trading platform you are determined to use, you must make sure your chosen broker offers it. However, the importance of trading platforms is very exaggerated, as most traders can get used to new platforms without much of a problem.

4. Trading Fees – Every broker has a different cost structure which will impact the cost of trading and therefore profit and loss. Some brokers will have a better overall offer for shorter-term traders or longer-term traders, and some will be more competitive on some asset classes than others. It is very important to carefully examine the spreads, commissions, and overnight fees typically offered by any broker before making a choice.

5. Customer Support - A 24/5 multilingual customer support team, a phone number, and live chat are essential for quality customer support.

6. Risk Management – Anyone trading Forex on a leveraged basis should be looking for a broker offering negative balance protection, Forex traders must ensure negative balance protection and an automatic stop-out level exist., and ideally automatic loss limiting stops.

7. Selection of Assets – Your trading style will determine how many currency pairs or other instruments you will want to trade. Some brokers with wide asset offerings are better for traders needing to be strongly diversified across asset classes. If you are a more narrowly focused trader and only want to trade a few different assets, then a wide choice will not be an important factor for you.

How to Trade Forex in Belgium

The number one step for anyone wanting to get started trading Forex is to learn the basics about Forex trading and understand what they are trying to achieve: to profit by selling higher than buying, or by buying lower than selling.

Once you have educated yourself in the basics, you are ready to start looking for a Forex / CFD broker. It is a good idea to open a demo account with your chosen broker to familiarize yourself with their offering before depositing real funds, as a kind of road test.

The following steps are a good guide in your search:

  • Select a trustworthy Forex broker from this best Forex brokers in Belgium list
  • Ensure a low-cost Forex cost structure exists, with total trading fees per lot not exceeding $7.00
  • If you have any special algorithmic, social, or mobile trading needs, you will probably need a broker which offers one of the MT4, MT5, or cTrader trading platforms
  • A competitive and appropriate leverage offer, plus negative balance protection

Final Thoughts

Although many people in Belgium think Forex and CFD trading has been effectively banned, it is quite possible for Belgian resident traders to open accounts with offshore Forex brokers and generate profits from these markets without breaking any Belgian laws, provided any profits are declared, and taxes paid.

There are a reasonable number of Forex brokers which will accept Belgian residents of clients, and several of them enjoy regulation in Tier 1 jurisdictions. Regulatory excellence is an especially important factor when you are choosing an offshore Forex broker.

You might also be interested in reviewing the below top brokers:


Can I trade Forex in Belgium?


Belgian-regulated brokers are not allowed to offer leveraged Forex trading in Belgium, but you can trade Forex in Belgium by using an offshore Forex broker.

How can I trade in Belgium?


You can trade unleveraged stocks and shares in Belgium by opening an account with a local broker or leveraged Forex / CFD instruments by opening an account with a suitable offshore broker.

Do traders pay tax in Belgium?


Yes, traders resident in Belgium must pay tax on any profits.

Is Bitcoin legal in Belgium?


Yes, Bitcoin is legal in Belgium.

Huzefa Hamid
About Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.