5 Best Online Forex Brokers in Belgium – In Depth Review 2024

By Wilbert S

January 10, 2024   •   Fact checked by Dumb Little Man

Want to jump straight to the answer? The best forex broker for traders is Avatrade

The #1 Forex Trading Course is Asia Forex Mentor

The best forex brokers in Belgium have an online presence, and they target the different smaller traders to operate within forex markets on a single or margin basis.

Many brokers also include helpful educational and research tools to provide beginners an enhanced knowledge about the trading process.

These brokers provide additional access to experts and market analysis to aid you in choosing beneficial trading options. Selecting the most reliable broker as a redient in Belgium is a complex process. You are especially getting those who accept the Belgian traders and enable you to invest in Belgium dollars. It’s okay, and you aren’t alone.

Therefore, a forex trader can start quickly by opening an account and downloading free trading options such as MetaTrader. Here we have mentioned top-quality forex brokers to choose the one that suits you completely. Let’s discuss the brokers in detail!

Best Online Forex Brokers in Belgium

BrokerBest ForMore Details

Advanced Non-US Traders
Read Review

securely through Avatrade website

Best Intermediate for Non-US Traders

Read Review

securely through FXCC website
Best Forex Trading Software
Overall Broker
Read Review

securely through Forex.com website

International Forex Traders

securely through eToro website

Forex Trading

securely through HYCM website

5 Best Online Forex Brokers in Belgium

#1. Best Advanced for Non-US Traders: Avatrade

Photo: Avatrade

AvaTrade is an Irish-based online forex broker that offers over 1200 tradable assets on its trading platform. The brokerage firm has become a huge player in the forex market and continues to accept applications for traders all over the world, including those in Belgium.

AvaTrade is regulated by top-tier agencies including the US Securities and Exchange Commission, the Cyprus Securities and Exchange Commission CYSEC, and even the Financial Conduct Authority FCA. The broker is also allowed by local Belgium regulators to offer brokerage services in the state. This makes it a relatively safe place to begin trading forex.

The broker also offers state-of-the-art trading platforms. In addition to the popular MT4 and MT5 trading platforms, users also get access to AvaTrade’s proprietary trading software that feels so easy to use and quite intuitive as well. There is also a reliable team of customer support reps here, some of the lowest trading fees in the market, and a wide range of educational materials to help you profit from the forex market.

How does it work?

As one of the best forex brokers in Belgium, AvaTrade has done well to make sure that your trading experience is as fulfilling as possible. So, in case you’d like to try out this firm, then you will need to follow just a few simple steps. For starters, you must get any of the trading accounts offered here. It takes just a few minutes to do this. Simply key in your basic personal info and after that, upload verification documents and wait for a few hours.

If indeed there is nothing wrong with your documents, then you will get approved for an AvaTrade account in no time. The next step would be to deposit some money. There are several deposit options for Belgian traders including a credit card, debit card, and bank transfer. In most cases, the deposit reflects after three business days at most. Some deposit methods may offer faster processes.

The third step is to pick a platform you’d like. There are several trading platforms here but as a rule of thumb, always choose trading platforms that feel easy to use for you. Go ahead now and download the mobile trading app on your phone. This would be very important for folks who trade on the go. Once the app is installed on your phone, you can now log in, pick the assets you want to buy or sell, and start earning decent returns. However, in case you run into any issues, contact customer support right away.


  • Fast and effortless account opening
  • Different withdrawal and deposit issues
  • Excellent research tools
  • Effective and reliable functioning


  • Incredible inactivity fees
  • Average forex fees


AvaTrade uses a spread-based system to charge commissions for its forex services. Commissions start as low as 0.9 pips on the EUR/USD pair but can range a lot depending on the type of assets you are buying and the trade volume.

For example, in case you would like to try the high-volume professional VIP account offered by the broker, the fees charged will be considerably low, sometimes as low as 0.6 pips on the EUR/USD pair.

Please also note that a minimum deposit of $100 will be needed to access the services of this forex broker. With everything considered, there is no doubt AvaTrade charges below average commissions compared to the industry average.

BrokerBest ForMore Details

Best Overall Broker
Read Review

securely through Avatrade website

#2. Best Intermediate for Non-US Traders: FXCC

Best Online Forex Brokers in Canada
Photo: FXCC

If you are looking for the best forex brokers when it comes to trade execution and speed, then FXCC has to be your first choice. The brokerage also comes with easy-to-use trading platforms, making it a great choice for intermediate forex traders. You also get very low fees with spreads starting from as low as o.1 pips.

FXCC also has a superb variety of tradable assets including metals, commodities, currency pairs, and stock. As for folks who would love to trade with leverage, FXCC offers 1:300, one of the highest in the industry. There is also a dedicated team of customer support reps standing by to help you with anything and in-depth educational materials to help you get started with trading forex.

FXCC is also regulated by tier 1 bodies in various jurisdictions, including the Cyprus Securities and Exchange Commission Cysec and ASIC in Australia. For these reasons, the broker makes it to the list of the best firms to work within forex trading.

How does it work?

In case you would love to use FXCC to buy and sell a wide range of assets, then you need to head over to their website and create an account. Only a small amount of personal info is needed here. You can also sign up with Facebook or Google if you so wish. FXCC will also ask you a few questions about your trading experience before they hand you an account.

Once this is done, your account will be screened and verified based on the documents you provide. You can now start trading forex and other assets. Please note that the min deposit at FXCC is $100. You also get a various deposit and withdrawal options in Belgium for some flexibility. Once your deposit is in, choose a trading platform and start investing.


  • 100% first deposit
  • Free Virtual Private Server
  • Includes MetaTrader 4 platform
  • high leverage trading


  • It does not have U.S. based traders
  • Lacks different trading platforms


FXCC offers some of the lowest trading fees of any forex broker. There are even some trading accounts that come with commissions free trading on several supported assets. FXCC offers low spreads, starting from as low as 0.1 pips depending on trade volume, liquidity, and type of asset.

The EUR/USD currency pair is the most liquid and has massive trade volumes. Here, you are likely to pay close to zero fees. The fees charged by the firm are below the industry average, making it a great choice for high-volume active traders.

BrokerBest ForMore Details

Intermediate for Non US Traders
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securely through FXCC website

#3. Best Overall Broker: Forex.com

Photo: Forex.com

Forex.com is one of the most recognizable names in forex brokerage services. This firm has been doing this for years now and has earned the trust of many users, and the reputation of being one of the best forex brokers in the world. As you would expect from such a highly rated firm, Forex.com is regulated and audited by the Financial Conduct Authority FCA, the Security and Exchange Commission, and the Cyprus Securities and Exchange Commission CYSEC.

In addition to this, the parent company that owns Forex.com is listed in the US on the NASDAQ exchange. All these factors simply mean that the forex broker can be trusted in the long run. There are also a few other things to look forward to when you open forex trading accounts with this provider.

First, you get a multi-platform approach to your forex trading. In addition to its proprietary trading software, there are also the MT4 and the MT5 platforms to choose from. Forex.com has also built a team of dedicated customer support reps standing by to help you with anything. You also get low trading fees, over 4500 assets to buy and sell, mobile and desktop trading, and a host of other innovative trading and risk management tools.

How does it work?

Well, Forex.com is built to cater to beginners. This makes it such an easy-to-use broker. There are a few steps to follow through in your efforts to unlock the power of Forex.com in getting into the forex trading market. As with any other broker, you need trading accounts opened and funded before you get started.

Lucky for you, Forex.com has very limited screening for Belgium traders. You should be able to fill in the required info in a few minutes and get the account verified within an hour or so. Only an identification card or passport and proof of address are needed to verify the account.

Belgium forex traders also get various deposit options to fund their accounts. As a trader, always pick the option that feels more secure and faster for you. Now that your account is open and fully funded, the final step would be to choose a trader platform. There are of course the two meta trader platforms the M4 and M5. But they can be quite intimidating for a new trader.

In that case, once your deposit is in, consider using the proprietary software offered by Forex.com. It’s much easier to use and feels like the best out there for all traders. Please also note that Forex.com offers traders in-depth research and trade signals on various assets. This info can be invaluable in helping you make wise investment decisions so make sure you pay attention to it.


  • A wide variety of products
  • TradingView charts
  • Ideal for high-volume traders
  • User-friendly and reliable


  • No guaranteed for Belgian clients
  • Lacks effective website maintenance


The spreads vary depending upon the client that, which kind of account they choose. For instance, one pip is the least EUR/USD spread for clients from Belgium on a ‘standard’ account. On the other hand, ‘STP Pro’ and ‘commission’ will show you spreads of 0.1 and 0.2.

Although the two that are latter have 50 dollars and 60 dollars per million commissions added to displayed spreads, the regions are not in Belgium. It provides Direct Market Access accounts for bigger account sizes like 25000+. The DMA account does not charge any commission but offers markup on spreads.

BrokerBest ForMore Details
Best Forex Trading Software

Overall Broker
Read Review

securely through Forex.com website

#4. Best for International Forex Traders: eToro

Photo: eToro

eToro is a brokerage company widely known for its social and copy trading. It is an Israeli financial services company based in Tel Aviv-Yafo, Israel, and it has offices in Cyprus, the United Kingdom, the United States, and Australia. It is often tagged as eToro USA LLC in the US. It currently operates in over 120 countries and has over 10 million registered users. It offers CFDs, cryptocurrencies, stocks, ETFs, and forex offerings.

The main point of your experience with eToro is the ease it provides to complete tasks and carry out basic operations. The more instruments include searching the market available, making watchlists, and directly placing trades from the watchlist.

How does it work?

EToro platform features investors who like to follow risk-control rules and want to be duplicated. The retail account holders are accessible to mimic trading strategies and trades of many successful customers in real-time and automatically.

Note that the copy trading in and itself does not hold a guarantee of losses either gains. This platform is a little pricier concerning its competitors for trading Forex and CFDs. Although the recent introduction of zero-dollars commission and cutting spreads for Belgium’s trading stock is beneficial.

All the investors on the eToro are trading manually. EToro does not permit completely trading systems like those supported by M.T. Thus, when you copy trade the Etoro, it is guaranteed that every placed trade is manual.


  • 15 cryptocurrencies options
  • Easy-to-use website
  • Great community for traders


  • Broad Spreads for trading cryptocurrencies
  • $25 minimum deposit


The clients in Belgium who trade cryptocurrencies have to pay 0.75 percent to 5.0 percent; this depends upon which currency you trade. In contrast, customers out of Belgium don’t have to pay any commission to close or open a long position. Small sales invite 0.18 percent commission of the trade value.

Belgian clients are not charged for withdrawal of funds, except you should have a minimum withdrawal of 30 dollars. The withdrawal fee for non-Belgium customers is 5 dollars.

BrokerBest ForMore Details

International Forex/CFD Traders


securely through eToro website

#5. Best for Forex Trading: HYCM

Photo: HYCM

HYCM is a worldwide CFD and forex broker with an industry-leading strategy integration. The review we present covers the necessaries of HYCM trading. It includes minimum deposit requirements, deposits bonus offers, spreads, and login process.

This is an asset platform that has over 100 tradable assets. The assets that are available on HYCM include CFDs, Forex. There are also many financial assets in which HYCM trades. The assets in financial investments are assets or security, intangible or tangible, which have some financial value. It means that the CFDs, Forex are one of the financial assets.

How does it work?

When your money is deposited with HYCM, the funds are in the bank, and safe, which has capital for accomodating withdrawal wishes even if it is out of business for any reason. Hence, in conclusion, we know that HYCM is safe and secure.

HYCM provides Advanced Financial Chart tools for comparison and researched-backed analysis over financial investments and markets by top analysts.

The platform is accessible on various devices from Windows P.C. to IOS devices and online by Web Browser. Moreover, the platform is for Seasoned experts and New Traders. The users also get benefits from the use of languages.


  • In the use of 10,000+ HYCM traders and users
  •   Founded in 1977
  • Minimum deposit by $100
  • Regulated through FCA


  • Not ASIC Regulated
  • It doesn’t offer VPS


HYCM offers a spread-based commission system but how much you pay actually depends on the type of trading account you have. there are three account types here for Italian forex traders. they include the Fixed account, the classic account, and the Raw account.

For the Fixed account and the classic account, spreads start from two pips, which is relatively higher compared to other brokers on the list. However, in case you want a bit more of a competitive price range, then you must use the Raw account.

In this account, spreads start from 0.7 pips, one of the tightest rates in the market. However, you may pay a fixed commission on the Raw account depending on your trading volume. Fixed commissions start from USD 4 per round turn.

BrokerBest ForMore Details

Forex Trading

securely through HYCM website

How do we rank the Best Online Forex Brokers in Belgium?

Photo: Canva

Have you heard about  212 Trading 212? These are the best brokers for Belgians with customer support and demo trading account, particularly for beginners. Ranking the best brokers in Belgium is a daunting task, seriously. You should know how CFDs work and whether you can trade easily or not. Let’s choose the best forex brokers in Belgium!

A broad range of instruments

We ranked the Forex traders regarding the range of products it offers. The Forex brokers varied and mentioned a broker that includes a broad range of offerings, currency pairs, shares, commodities, and other cryptocurrencies to get the beneficial advantage.

Evaluate Trading Conditions 

An effective forex broker should include consistent and smooth execution with high-grade support to provide good trading conditions.

Do you know trading is the most reliable and most accessible to offer exclusive options and reliability? That’s how essential are the evaluated trading conditions.

Comprehensive Tools

If you are an experienced forex trader, it is preferable to pick the broker that provides an alternative to implement a strategy for trading.

The feature means that you shall be asking for different tools such as complex live chats, an economic calendar, and a calendar for commodity futures trading commission.

Ease of Trading Platform Use

Whether you focus on social trading or develop complicated algorithmic ways, choosing a trading platform is paramount. It offers market access and tools for trading needed for achieving investment objectives.

It is vital to rely upon the confidence given by the broker’s trading platform. Due to this, most traders pick the brokers that provide third-party platforms along with an established community to trade and a massive range of tools to deal with.

Trading Platform and Software

A trading platform is a gateway to you for entering the market, and you should ensure the trading platform in your use must be reliable. Many brokers provide the traders to select a trading platform.

Often, a third party offers a trading platform for trading solutions like MetaQuote Software.

At the same time, other brokers develop a proprietary trading platform of their own to compare themselves to another broker.

Although, such proprietary platforms are incredibly remarkable for trading because they are made through a broker’s customer case.

Additional Features

Let’s dive into the features that a trading platform should provide. Are they coming with:

  • A large span of technical indicators
  • Risk management tools like trailing stops and stop-loss orders
  • Comprehensive charting package
  • One-click trading over a trading platform

Although every one of these sounds is trivial, they can soon be playing crucial parts to ensure that you can enjoy a productive and seamless trading experience.

These factors are essential to consider when choosing the best forex brokers in Belgium. The Financial Conduct Authority regulates trading in Belgium. It also reduces the high risk of losing money.

How to choose the Best Online Forex Brokers in Belgium?

Photo: Canva

Do you know different options of retail CFD accounts lose money? Basically, accounts lose money when you make a purchase. The securities and exchange commission Cysec includes multiple features and options for Forex trading in Belgium.

CFDs are complex instruments and come with a high-risk option to offer swap-free services. Choose whether you can afford to take the risk or not. Let’s see how we can rank the best Forex broker!

Account Types

Different retail investor accounts lose money if not operated carefully. The Cyprus Securities and exchange in Belgium aims to take the high risk of losing your money among a maximum of retail investor accounts. Different account types include:

  • Variable Spread Account Types: fluctuates with the demands conditions.
  •   Commission Accounts: ECN-style accounts with low spreads with flat-rate commission fees.
  • No Commission Standard Accounts: There are no commission charges on the top of spreads.
  • Fixed Spread Accounts(micro accounts): Fixed spreads are predetermined and remain the same regardless of the situations in the market.

Number of assets

Another crucial factor to consider is the number of assets features. What does that mean? Basically, it is about things you want to trade. Whether the broker includes all the essential assets you need or not?

It will be an effortless process if you desire to get foreign currency pairs, but many brokers can provide exclusive benefits and features if you want to trade shares and stocks.

Execution Speed

Execution speed is the most vital factor for picking out a broker. Inefficiently executed orders may result in traders facing vast amounts of slippage, further losing money. The table you can see below compares execution speeds among the best brokers globally.

Spreads And Trading Conditions

The most important thing to consider when choosing a broker is transaction costs and pricing. Due to the tough competition between some of the best brokers worldwide, accounts for retail investors are very tight institutional-grade charges.

Choose Asia Forex Mentor for Your Forex and Stocks Trading Success

If you have a keen interest in establishing a successful career in forex trading and aspire to achieve substantial financial gains, Asia Forex Mentor stands as the optimal choice for the best forex, stock, and crypto trading course. Ezekiel Chew, renowned as the visionary behind trading institutions and banks, is the driving force behind Asia Forex Mentor. On a personal note, Ezekiel consistently achieves seven-figure trades, a distinction that truly sets him apart from other educators in the field. Here are the compelling reasons that underpin our recommendation:

Comprehensive Curriculum: Asia Forex Mentor offers an all-encompassing educational program that covers stock, crypto, and forex trading. This well-structured curriculum equips aspiring traders with the knowledge and skills necessary to excel in these diverse markets.

Proven Track Record: The credibility of Asia Forex Mentor is firmly established through its impressive track record of producing consistently profitable traders across various market sectors. This achievement serves as a testament to the effectiveness of their training methodologies and mentorship.

Expert Mentors: At Asia Forex Mentor, students benefit from the guidance and insights of experienced mentors who have demonstrated remarkable success in stock, crypto, and forex trading. These mentors provide personalized support, enabling students to navigate the intricacies of each market with confidence.

Supportive Community: Joining Asia Forex Mentor brings access to a supportive community of like-minded traders pursuing success in the stock, crypto, and forex markets. This community fosters collaboration, idea-sharing, and peer learning, enhancing the overall learning experience.

Emphasis on Discipline and Psychology: Success in trading necessitates a strong mindset and disciplined approach. Asia Forex Mentor provides crucial psychological training to help traders manage emotions, handle stress, and make rational decisions during trading.

Constant Updates and Resources: The financial markets are dynamic, and Asia Forex Mentor ensures that students remain up-to-date with the latest trends, strategies, and market insights. Continuous access to valuable resources keeps traders ahead of the curve.

Success Stories: Asia Forex Mentor takes pride in a multitude of success stories where students have transformed their trading careers and achieved financial independence through their comprehensive forex, stock, and crypto trading education.

In summary, Asia Forex Mentor emerges as the premier choice for those seeking the best forex, stock, and crypto trading course to carve a rewarding career and achieve financial prosperity. Through its comprehensive curriculum, experienced mentors, practical approach, and supportive community, Asia Forex Mentor provides the necessary tools and guidance to mold aspiring traders into accomplished professionals across diverse financial markets.





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Conclusion: Best Online Forex Brokers in Belgium

Photo: Canva

Choosing the best forex brokers in Belgium can be hard for the average person since there are so many options for Belgian traders. However, AvaTrade is a cut above the rest, and for good reasons. First, the brokerage is a big-name brand in the forex market and is available in a lot of countries

It is also regulated by the best bodies including ASIC, CYSCEC, and the FCA. This makes it safe to use for Belgian traders out there. The low fees charged here will also be a huge draw for active traders looking for value.

There is also the potential of paying high inactivity fees with this forex broker. But other than that, AvaTrade is one of the best forex brokers in Belgium with so much to offer Belgian investors.




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Best Online Forex Brokers in Belgium FAQs

Is Forex trading legal in Belgium?

Before you select the best Belgium Forex brokers, it is essential to know whether these regulated brokers are legal or not. Any broker will make Forex trading legal, involving money when trading CFDs and other financial services. The brokers in Belgium are well authorized and offer a web platform for assistance.

Moreover, Forex trading is legal in Belgium. The Financial Conduct Authority FCA offers trading strategies and assistance with the trading account with a minimum initial deposit and trading costs. The best Belgium Forex brokers provide a legitimate trading market and major currencies for trading.

What are retail investor accounts?

Let’s consider retail investor accounts! Basically, a retail investor is a non-professional investor and an individual investor who can increase market impact. Different providers have a percentage of retail investor accounts to take the high risk of losing your money.

A retail investor will sell or buy the securities through firms and brokerages such as 401(k)s. Moreover, the investors will not use their own money but invest in other people’s money. That’s how these retail investor accounts lose money within the trading accounts.

Does forex broker lose money?

The market is undoubtedly a high risk. However, the financial services compensation scheme still reduces the risk of losing money rapidly as any regulated broker will offer assisted services. Well, traders go through an intermediary for executing trades. At the same time, some brokers might make hidden fees with gains and losses.

Do you know it’s common to lose money when trading even with the best forex trading platform? Some require a minimum deposit with the currency pair, and the financial conduct authority ensures to save from circumstances. You will not lose money when trading CFDs and get the maximum advantage.




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#1 Forex, Crypto and Stocks trading course. Ranked most comprehensive by Investopedia and Best by Benzinga. Free to Try!


Wilbert S

Wilbert is an avid researcher and is deeply passionate about finance and health. When he's not working, he writes research and review articles by doing a thorough analysis on the products based on personal experience, user reviews and feedbacks from forums, quora, reddit, trustpilot amongst others.

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