It is, therefore, unsuitable for those who lack proficiency and sufficient experience. The reason for EU-regulated brokers being a safe option for Belgian traders is the fact that they are required to follow ESMA regulations and ensure a secure trading environment for their customers. When you are trading forex pairs, you should always make sure that you can trust the broker you have joined and use real money to complete your orders. If Belgian traders opt for brands that have been authorized by top regulators like the FCA, CySEC, or some bodies across the EU and EEA, they can be certain that their money will be properly protected. 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.
FP Markets
But they charge no commission or fund transfer fees so that balances it out. There are also more than 60 currency pairs available, plus 300 stock CFDs, and also plenty of CFDs for indices and commodities. The broker was established in 2001 at easy-forex, back when they primarily offered forex trading. As you can imagine, the company has expanded since and now offers a rich assortment of products, including crypto, metals, indices, and many commodities and in 2016, they formally became known as easyMarkets.
He became an expert in financial technology and began offering advice in interactive brokers forex review online trading, investing, and Fintech to friends and family. With these kinds of assets, your profits may not be as fast to generate. Ultimately this means it may be even more important for you to minimize costs, commissions, and fees when trading forex in Belgium. Once you have provided this evidence, your forex broker verification will be completed and you will be free to start trading.
Best Low Spread Forex Broker for Belgian Trader
Both newbies and long-time traders find this broker to be appealing because they offer plenty of options for all the different types of traders. Belgian traders can do their research and opt for brokers that offer this additional layer of protection. With negative balance protection attached to your trading account, you cannot amass losses that can exceed the amount you have deposited into your trading balance. This is extremely suitable for forex traders as high leverage does increase the risk of losing excessive amounts of money.
We have collected in one place some of the best forex brokers in Belgium. We have taken into consideration several factors in order to give you the best top ten possible. FSMA supervises the financial services providers, follows that the companies comply with conduct of business rules, supervises products, and contributes to the improvement of financial education in the country.
It is also worth noting that many brands are offering their proprietary platforms that often allow more advanced, smooth, and more informed trading. Below, we have listed the most common trading platforms Belgian traders can come across while exploring various forex brokers. With four top-tier regulations, Vantage Markets is recognized as one of the safest forex brokers available. Established in 2009, it has since become one of the most versatile brokers, offering a wide range of tradable products including CFDs on commodities, indices, shares, and foreign currency. As a low-cost forex broker, they charge commissions of only $3 per lot traded, with spreads starting as low as 0.1 pips.
- As already mentioned, strict regulators also require license applicants to maintain a certain minimum starting capital that will ensure the entity is capable of distributing various financial products.
- The AI-powered economic calendar is a valuable tool for manual traders, and copy traders can use the embedded MT4/MT5 solution.
- That ensures the brands are following ESMA (European Securities and Markets Authority) guidelines for offering clients fair trading conditions.
- We also contacted customer support to solve issues that we had encountered.
- AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares.
Say goodbye to lengthy waiting periods and hello to uninterrupted trading. That’s why we value brokers with swift and hassle-free sign-up processes. A quick and efficient onboarding experience means you can dive okcoin review into trading without unnecessary delays, making the transition seamless and stress-free.
Its regulatory body prioritizes trader protection and safety, guaranteeing a secure trading environment. MetaTrader 4 and 5 are the trading platforms of choice, both for desktop and mobile trading. Fusion Markets has been operating for over seven years and is a safe and reputable broker.
Can I trade Forex in Belgium?
This can be checked out on the ESMA website, also, by contacting one of the two regulators- FSMA or CySEC (Cyprus). We opened a real account and deposited between $4,000 and $6,000 with each broker. Then, we placed real trades in each popular market with the purpose of getting the actual picture. We hope this article saves you some time while researching the best Forex brokers in Belgium. We advise you to conduct your own research to determine which online broker is best for you.
Make sure that the broker provides services in your preferred language. Yes, it is allowed to trade forex in Belgium, where there are over 11.46 million potential traders. The financial markets and all transactions on them in Belgium are regulated by the Financial Services and Markets Authority (FSMA). The economy of Belgium is highly globalized, and the country’s transportation system is integrated with that of the rest of Europe.
With such versatility, traders of all kinds can find an account that suits their needs. Ensure the broker offers convenient and secure methods for funding and withdrawing from your trading account. Regulation by a top-tier authority ensures the broker operates transparently and adheres to strict standards. Check if your local regulator requires brokers to be licensed locally as well. Finding the right forex broker can be challenging because there isn’t a one-size-fits-all answer.
With user-friendly platforms and reliable customer support, they provide a seamless and secure trading experience for all users. BlackBull Markets does have plenty of CFD products for trading but being primarily a forex broker, their focus is more on currency pairs, of which they have 72 major, minor and exotic pairs available. On top of this, they also provide countless educational tools for traders, including a rich selection of texts and videos. New investors can also use their demo accounts to get a feel of the trading environment.
Krekkiat Saardying