Compare top 6 best forex brokers in Belgium for 2024

For this guide, our experts reviewed 57+ of the best forex trading apps in Belgium to trade forex for beginners.
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Updated: Jun 3, 2023
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Our expert panel tested all the best forex brokers in Belgium and rated their features according to 8 key criteria, including regulatory status, the range of currency pairs on offer, and overall trading experience.

The panel set out to answer the question: what’s the best forex trading app in Belgium for Belgian users? 

Read our verdict for Belgium below to compare the best forex trading platforms.

What is the best forex broker in Belgium?

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Our experts rank Revolut as the best forex broker in Belgium.

The list below shows the three best Belgian forex brokers. These are the top forex trading apps in Belgium for their security, service, and support.

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1
Min. Deposit
$ 0
Best offer
User Score
9.0
Open a free account in minutes
Go global with fee-free foreign exchange
Finance tracking made simple
Start Trading
Payment Methods:
Credit Card, Debit Card
Full Regulations:
2
Min. Deposit
$ 200
Best offer
User Score
9.0
Access to more than 250 tradable instruments through top tier liquidity providers
Super-fast trade execution, as well as interbank grade, RAW ECN spreads
50% Welcome Bonus
Start Trading
Payment Methods:
Bitcoin, Credit Card, Debit Card, PayPal, UnionPay, Wire Transfer, neteller, skrill
Full Regulations:
ASIC, CIMA
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
3
Min. Deposit
$ 250
Best offer
User Score
8.0
400+ financial products in Forex, Stocks, Indices, CFDs, Commodities and Cryptocurrencies
Expert marketing materials
World class customer support
Start Trading
Payment Methods:
Credit Card, Wire Transfer, skrill
Full Regulations:
CySEC
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top 6 online forex brokers Belgium, reviewed

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How we chose the best Belgium forex brokers

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Our expert reviews panel is made up of currency traders with years of experience in the forex markets. It includes our Data Analyst, Dan Ashmore, Senior Editor of News, Jayson Derrick, and long-time forex trader, Prash Raval. The panel includes an independent fact checker, Richard Stutely.

Here are the 8 key criteria which the panel used to rate each platform.

  • Regulation with a trusted financial institution. We only recommend forex brokers for beginners that are regulated in Belgium and offer top-tier protection to their clients.
  • Low minimum deposit requirements. An accessible forex trading platform in Belgium, with a low minimum deposit, scored higher in our rankings.
  • Mobile app availability. Our experts gave preference to the forex brokers in Belgium with the best forex trading apps.
  • Number of currency pairs available to trade. We expect Belgium forex brokers to offer a comprehensive service where you can trade major, minor, and exotic currency pairs.
  • Amount of leverage on offer. You need leverage to trade forex, so we looked for platforms that offered lots of leverage, within the limitations set by local Belgian regulators.
  • Tight spreads. We sought the best value for the average user. Small spreads mean a lower cost of trading.
  • Lowest commissions and other fees. Our experts don’t like hidden fees and unexpected costs, so brokers with a clear fee structure performed well.
  • Compatibility with trading software. Any Belgian forex broker that offers integration with popular trading software like MetaTrader 4, MT5, or cTrader received a high rating.

More about the best forex trading platforms in Belgium

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Which currency pairs can I trade in Belgium?

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You can trade major, minor, and exotic pairs when you sign up for the best forex trading platform in Belgium. The majors and minors refer to the largest and most popular currencies paired with each other, while the ‘exotics’ are everything else.

  • Major pairs. The major pairs are made up of the US Dollar paired with the other most highly traded currencies. Major pairs include: USD/EUR, USD/GBP, USD/JPY, USD/CHF, USD/AUD, USD/NZD, and USD/CAD.
  • Minor pairs. The minor pairs include at least one of the Euro, British Pound, or Japanese Yen paired with other large currencies, but do not include the US Dollar. 
  • Exotic pairs. Exotic pairs include a major currency ‘crossed’ with a developing currency. There are many exotic pairs but they include things like GBP/HUF, EUR/MXN, and JPY/ZAR.

What forex markets are available in Belgium?

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There are two markets that are available with all top forex brokers in Belgium. One is the ‘spot’ market, another is the futures market, where you use futures contracts to predict future price movements. Here is some more detail on both options.

  • Spot forex. Trading the spot market means to buy and sell currencies instantaneously at the live market rate. This is the most common way to trade forex in Belgium for most people.
  • Forex futures. Futures contracts are an agreement to buy or sell a currency at a fixed price at a set date in the future. Futures require more understanding of the economic factors that impact prices over time. For that reason, they’re generally only used by people with experience of currency trading.

Is MT4 available in Belgium?

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Yes, MetaTrader 4 is legal in Belgium. When you use MetaTrader software, you have to sign into a brokerage account and any live trade you place goes through a forex trading platform. As long as you can connect to a legal Belgian forex broker, you can use MT4 or MT5. 

What’s the minimum forex trade size in Belgium?

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The industry standard is 0.01 ‘lots’, which is equivalent to 1,000 units of the currency you want to trade. This is known as a ‘micro lot’. A ‘lot’ equals 100,000 units of the currency you want to trade.

Can I trade other assets with a forex broker in Belgium?

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You can, though it depends on the type of broker you choose. The usually offer other financial markets in addition to currency pairs. If you want to trade other assets, such as stocks or cryptocurrency, then you need either the or the best crypto exchanges in Belgium.

How to trade forex in Belgium

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1. Sign up to a Belgian forex trading platform

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Use the list of top-ranked brokers at the top of the page to help you.

2. Create an account and deposit money

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Sign up by providing your personal details and a form of photo ID. Transfer funds to the account through a bank transfer, credit or debit card payment, or another payment method, like PayPal.

3. Search for a currency pair and place your trade

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Find the pair by typing the currency code – such as USD for the US Dollar – and choosing it from the list of results. Enter the details and click ‘buy’ to make the trade.

Choose a broker now

FAQs

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Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.