If you’re looking for the best forex brokers in Belgium, then you’re in the right place because we have written a comprehensive guide that aims to help you choose a broker that meets your trading needs, leaving you to focus on what matters, which is profitability in the forex markets.
Ranking Methodology – While assessing and ranking the best forex brokers in Belgium, several factors influenced our judgments, although the first and most critical factor that we took into consideration is the broker’s regulatory compliance and safety.
We ensured that all brokers that made it to the list are safe and either regulated by the Financial Services and Markets Authority (FSMA), EU-regulated, or regulated by regulatory agencies that meet FSMA’s standards on a global level.
Along with the broker’s regulatory compliance, other factors that we considered while ranking the brokers include the broker’s trading fees (spreads, commissions, and overnight fees), non-trading fees, base currencies offered, payment methods, product offering, execution model, execution speed, assets, trading platforms, research, education, and customer support service.
Table of Contents
5 Best Forex Brokers in Belgium
Based on our analysis and the feedback we received from our users, here are our top picks for the best forex brokers in Belgium;
- IG
- Pepperstone
- Forex.com
- Admirals
- Capital.com
1. IG
IG is a highly reputable global online broker and one of the largest CFD providers in the world in terms of revenue and trade volume. It was established in 1974 by IG Group plc, a publicly-traded company on the London Stock Exchange and a constituent of the FTSE 250 Index.
IG offers spread betting, stockbroking, and CFD trading across a wide variety of global markets, including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rates, sectors, and ETFs with over 18,000+ instruments to trade.
Along with access to a wide array of global markets, you can also enjoy exceptional brokerage services such as deep liquidity, superior trade execution, volume-based rebates, sophisticated trading platforms, expert customer support service, and much more.
IG’s ease of use, advanced trading tools, range of markets, research, and rich education offering, make it an excellent broker for both beginner and professional traders. Also, active and high-volume traders are welcomed with exceptional trading conditions and volume-based rebates, which can help keep trading costs down.
IG Overview
| Broker | IG |
|---|---|
| Regulation | CFTC, FCA, ASIC, FCA, FINMA, FMA, MAS, FSA, FSCA, DFSA, and BMA. |
| Forex Pairs | 81 Currency Pairs |
| Trading Platforms | ProRealTime, L2 Dealer, MetaTrader 4 |
| Minimum Deposit | $300 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:222 1:30 (for ESMA clients) |
| Account Currencies | USD, GBP, AUD, EUR, SGD, HKD. |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal |
| Trading Tools | APIs, Virtual Private Server (VPS) |
Pros
- Strong regulatory framework.
- It is listed on the stock exchange.
- 45+ years of industry experience.
- 313,000+ clients worldwide.
- Deep liquidity.
- Volume-based rebates for high-volume traders.
- No minimum deposit for bank transfers.
- Industry-standard trading platforms.
- Low forex trading fee
- Excellent educational offering for beginner, intermediate and advanced traders.
- Outstanding research offering.
- Excellent customer support service.
Cons
- Inactivity fee charged (after two years of inactivity).
- No copy/ social trading platform.
2. Pepperstone
Pepperstone is a global award-winning online broker established in 2010 by Pepperstone Group. It offers spread betting and CFDs across various international markets, including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.
With Pepperstone, you can enjoy cutting-edge brokerage solutions such as low trading fees, deep liquidity, spreads from 0.0 pips, industry trading platforms, social trading, copy trading, ultra-fast execution, an Active Trader program, research, education, and an awarding-winning customer support team.
Pepperstone’s outstanding and flexible trading solutions make it a good fit for all levels of traders, including novice, intermediate and professional traders. It also provides adequate support with multiple industry-standard terminals, tools, and excellent trading conditions, ideally suited for scalping, algorithmic trading, copy trading, and social trading.
Clients also have the option to choose from two account types, which are the Standard and Razor account. The critical difference between these account types is how fees are charged.
The Standard account has a one pip mark on the raw spread (from 0.0pips) with no commissions charged. The simplicity of this account type makes it a good fit for beginners and casual traders.
The Razor account, on the other hand, offers access to consistent raw spreads from 0.0 pips with a small commission charge applied. The lower cost setup traditionally seen in this account type makes it ideally suited for traders with particular trading styles, like algorithmic trading and scalping.
Pepperstone Overview
| Broker | Pepperstone |
|---|---|
| Regulation | ASIC, FCA, and DFSA. |
| Forex Pairs | 61 |
| Trading Platforms | MetaTrader4, Metatrader5 and cTrader and Duplitrade. |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal, and Poli. |
| Trading Tools | Smart Trader Tools, cTrade Automate, Autochartist, API, Virtual Private Server (VPS), DupliTrade. |
Pros
- Strong regulatory framework.
- Great for beginners.
- Easy account registration process.
- Deep liquidity.
- Fast order execution.
- Multiple account base currencies.
- Supports all trading styles and strategies.
- Over 61 currency pairs, including major, minor and exotic pairs.
- Multiple fast and secure payment methods.
- Multiple industry standard trading platforms in web, mobile and desktop versions.
- Great for algorithmic traders.
- Low forex trading fee.
- Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
- Active Trader Program for high-volume traders, with cash rebates that are paid daily.
- No inactivity fee is charged.
Cons
- The demo account duration is limited to only 30 days.
- Only CFDs are offered.
3. Forex.com
Forex.com is a global FX and CFD provider founded in 2001. It is owned and operated by its parent company StoneX Group Inc, a publicly-traded company listed on the NASDAQ Stock Exchange (NASDAQ: SNEX).
Forex.com offers CFDs, spreads betting, and futures across over 9,500+ global markets, including forex, commodities, indices, stocks, metals, and cryptocurrencies, through institutional-grade platforms, excellent execution, and high-touch expertise.
Other outstanding brokerage solutions you can enjoy with Forex.com includes deep liquidity, competitive pricing, transparent fee structure, superior trade executions, low slippage, multiple account types, an Active Trade Program (which can reduce trading costs by up to 15%), multiple industry-standard trading platforms, education & research tools, VPS hosting and an excellent customer support service.
The brokerage solutions offered by Forex.com makes it an ideal broker for traders of all experience levels, although high-volume traders would benefit more from its services.
Forex.com Overview
| Broker | Forex.com |
|---|---|
| Regulation | NFA (US), CFTC(US), FCA (United Kingdom), ASIC (Australia), FSA (Japan), IIROC (Canada) |
| Forex Pairs | 80+ |
| Trading Platforms | MT4, MT5, NinjaTrader, Web |
| Minimum Deposit | $100 |
| Demo Account | Yes (90 Days) |
| Maximum Leverage | 1:50 EU/UK Clients – 1:30 |
| Account Currencies | USD, EUR, CAD, JPY, CHF, AUD, GBP |
| Payment Methods | Wire Transfer, Card Payment, Paypal. |
| Trading Tools | VPS Hosting, Autochartist, Recognia, Smart Signals, Performance Analytics |
Pros
- Strong regulatory framework.
- 20+ years of industry experience.
- Parent company StoneX is a publicly-traded company listed on the NASDAQ Stock Exchange (NASDAQ: SNEX).
- Over 500,000+ clients worldwide.
- Multiple industry standard trading in mobile, web, and desktop versions.
- Fast order execution.
- Wide range of asset classes.
- Low minimum deposit.
- Fast and secure payment methods.
- Competitive pricing.
- Offers Active Trader Program, which helps reduce trading costs by up to 15%.
- Great customer support service.
Cons
- Limited payment methods
- Slow account verification process.
- The demo account is only available for 90 days.
4. Admirals
Admirals is a leading forex and CFD provider established in 2001 by the Admiral Group. It offers over 8000+ instruments across various global markets, including forex, commodities, indices, stocks, ETFs, and bonds.
Along with access to over 8000+ instruments, traders can also enjoy several other exceptional trading services such as deep liquidity, superior order execution, industry-standard trading platforms, competitive spreads from 0.0 pips, multiple fast & secure payment methods, impressive educational and research offerings, and an excellent customer support service.
Admirals is a suitable broker for both beginner and professional traders. It is also ideal for traders who enjoy using the MetaTrader trading terminal and all that it offers because it offers multiple MetaTrader-themed account types, which enables traders to choose a MetaTrader account type that best suits their trading needs.
Admirals Overview
| Broker | Admirals |
|---|---|
| Regulation | FCA, EFSA, JSC, CySEC and AFSL. |
| Forex Pairs | 50 Currency Pairs |
| Trading Platforms | MetaTrader Web Trader, MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $100 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND |
| Payment Methods | Bank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal |
| Trading Tools | MetaTrader Supreme Edition, StereoTrader, Virtual Private Server, Parallels for Mac |
Pros
- Strong regulatory framework.
- Great for beginners.
- Deep liquidity.
- Industry-standard trading platforms in web, mobile and desktop versions.
- Multiple account types with excellent trading conditions.
- Wide range of asset classes.
- Competitive spreads and low commissions.
- Supports all trading styles and strategies.
- Multiple fast and secure payment methods.
- Fast order execution.
- Offers Isalmic swap-free account.
- Outstanding education offering.
- Excellent customer support service.
Cons
- The demo account is available for only 30 days.
5. Capital.com
Capital.com is a cutting-edge global online broker which offers CFDs across various asset classes, including indices, commodities, shares, ETFs, and cryptocurrencies, with over 6000+ instruments to trade.
Some outstanding benefits traders can enjoy with Capital.com include deep liquidity, low trading fee, tight spreads with zero commissions, fast order execution, industry-standard trading platforms, and great customer support service.
Capital.com suits traders of all experience levels, including beginners and professionals. Also its low minimum deposit and low trading fee also make it a great choice for traders with low capital and those looking for low trading costs.
Capital.com Overview
| Broker | Capital.com |
|---|---|
| Regulation | ASIC (Australia), FCA (United Kingdom), CySEC (Europe), NBRB (Belarus) |
| Forex Pairs | 138 |
| Trading Platforms | Capital.com Web Platform, MetaTrader 4, TradingView |
| Minimum Deposit | $20 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | GBP, USD, EUR, PLN, AUD |
| Payment Methods | Bank Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay, and AstroPay |
Pros
- Strong regulatory framework.
- Easy account registration process.
- Low minimum deposit (from $20).
- Deep liquidity.
- Fast order execution.
- Industry-standard trading platforms in mobile, web, and desktop versions.
- Zero commissions.
- Free quality trading education, including online courses, guides, and webinars.
- Unlimited demo account duration.
- Great customer support service.
Cons
- MetaTrader 5 is not available.