Belarus is a landlocked country in Eastern Europe that allows its citizens to trade in one of the largest financial markets in the world, namely the forex market. While the process involved with choosing a regulated broker may be tedious, Belarus traders need not look further than the list below to find some of the best forex brokers in Belarus in 2023:
- Trading 212
- FXPrimus
- XTB
- IC Markets
- Pepperstone
- IQ Option
- eToro
- RoboForex
- OctaFX
- FP Markets
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
1. Trading 212
Trading 212 is a forex trading broker and trading platform established in Bulgaria in 2004 by Ivan Ashminov and Borislav Nedialkov. Trading 212’s CEO is Nick Saunders, who has been in the position for several years. Trading 212 is regulated by Financial Conduct Authority (FCA), and its market capitalization is unknown.
Trading 212 has a significant number of registered forex traders, according to the official Trading 212 website. According to reliable sources, there are between 100 and 250 employees currently working for Trading 212.
Trading 212 charges a minimum deposit of 1 USD when forex traders register a real account. When trading with Trading 212, forex traders can expect the following trading fees.
- Spreads from 1.2 pips
Where trade execution speed is concerned, forex traders can expect trades to be executed within a few milliseconds. Regarding the website, platform, and client fund security, Trading 212 uses the best security protocols and technologies.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Stocks
- ETFs
- Forex
- Commodities
- Cryptocurrencies
- Indices
In terms of trading software and applications, Trading 212 supports the use of proprietary trading software across a selection of devices. Regarding the research and training provided by Trading 212, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- Economic Calendar
- Market Analysis
- Educational Videos on the official YouTube channel
In terms of customer support, Trading 212 can be contacted through.
- Telephone
- Live Chat
In terms of the service area, Trading 212 serves traders from around the world except for traders from the United States and some other regions where trading activities are prohibited/restricted. In terms of currency types, Trading 212 supports the following currencies.
- USD
- GBP
- EUR
When compared to other forex brokers, Trading 212 offers the following unique sides and features.
- Innovative mobile application which has more than 14 million downloads
- Proprietary software and a range of markets
Trading 212 is a very active forex broker in Belarus, with hundreds of registered traders that use its trading platform on Android/iOS devices. Trading 212 has a small market share in Belarus as a result of competition in the field. Belarusian Traders are not granted any privileges other than innovative trading software on mobile devices.
Trading 212 is a good choice for Belarusian traders as a result of its innovation, security, and safety of funds on the platform.
To get more information, you can read the Trading 212 review.
2. FXPrimus
FXPrimus is a forex trading broker and trading platform established in 2009 in Cyprus by an unknown entity or group. FXPrimus’ CEO is Terry Thompson, who has held the position for several consecutive years. FXPrimus is regulated by CySEC, VFSC, and FSCA, and its market capitalization is not given by official sources.
FXPrimus has an undisclosed number of registered forex traders. According to reliable sources, there are 409 employees currently working for FXPrimus.
FXPrimus charges a minimum deposit of 500 USD when forex traders register a real account. When trading with FXPrimus, forex traders can expect the following trading fees.
- Spreads from 0.0 pips (variable)
- Commission charges of 10 USD
Where trade execution speed is concerned, forex traders can expect reliable and fast trade execution within a few seconds. Regarding website, platform, and client fund security FXPrimus is a trusted, well-regulated broker that uses 128-bit keys that safeguard the information and data of clients.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Forex
- Equities
- Energies
- Precious metals
- Indices
- Futures
- Cryptocurrencies
In terms of trading software and applications, FXPrimus supports the use of:
- MetaTrader 4
- Platinum API
- VPS
Regarding the research and training provided by FXPrimus, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- Weekly outlook
- Seminars
- Educational videos
- Trading Tool Suite
In terms of customer support, FXPrimus can be contacted through.
- Live chat
- Telephone
- Contact request form
- Twitter, and several others.
In terms of the service area, FXPrimus serves traders from around the world except for traders from these regions.
- Australia
- Belgium
- Canada
- France, and several other regions.
In terms of currency types, FXPrimus supports the following currencies.
- EUR
- USD
- GBP
- SGD
- PLN
When compared to other forex brokers, FXPrimus offers the following unique sides and features.
- Trusted trading software
- A range of funding methods
- Low trading and non-trading fees
FXPrimus is a popular broker in Belarus with a reasonable market share as a result of its unique offering, with hundreds of registered Belarusian traders that use its platform. While Belarusian traders are not granted special privileges, FXPrimus offers unique and comprehensive trading solutions to all.
FXPrimus is a popular choice for Belarusian citizens because of its powerful trading software, security, and award-winning trading solutions.
To get more information, you can read the FXPrimus review.
3. XTB
XTB is a forex trading broker and trading platform established in Belize in 2002 by Jakub Zablocki. XTB’s CEO is Carl Kirchner, who has held the position for several years. FCA, IFSC, ACPR, BaFin, KNF, CNMV, and CMB, and its market capitalization is more than 2 million USD, according to official stock information.
XTB has more than 275,000 registered forex traders, according to the official XTB website. According to reliable sources, there are 500 employees currently working for XTB.
XTB charges a minimum deposit of 250 USD when forex traders register a real account. When trading with XTB, forex traders can expect the following trading fees:
- Spreads from 0.5 pips EUR/USD
- Commission charges of 0.08% on ETFs and Stock CFDs
Where trade execution speed is concerned, forex traders can expect reliable and fast execution speeds with low latency, minimal slippage, and no re-quotes. Regarding website, platform, and client fund security XTB uses strict security protocols to ensure client fund security.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Forex
- Indices
- Commodities
- Cryptocurrencies
- CFDs
In terms of trading software and applications, XTB supports the use of:
- XTB Online Trading xStation 5
- MetaTrader 4
Regarding the research and training provided by XTB, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- Market Sentiment
- Market Calendar
- Trading Academy
- Trading Articles
- Live Webinars
In terms of customer support, XTB can be contacted through.
- Telephone
- Live chat
In terms of the service area, XTB serves traders from around the world except for traders from these regions.
- United States
- Canada
- Australia
- Japan
- Cuba
- Syria
- North or South Korea
In terms of currency types, XTB supports the following currencies.
- USD
- EUR
- GBP
- HUF
When compared to other forex brokers, XTB offers the following unique sides and features.
- Award-winning services and solutions
- Offices in more than 13 countries
XTB is a very active forex broker in Belarus with hundreds of registered traders that use its competitive trading conditions and trading platform. XTB has a good market share that it shares with other forex brokers. There are no privileges offered to Belarusian citizens other than powerful trading software and award-winning services.
XTB is a popular choice for Belarusian citizens as it is a trusted broker with comprehensive services that cover both beginners and professionals.
To get more information, you can read the XTB review.
4. IC Markets
IC Markets is a forex trading broker and trading platform established in 2007 in Australia by Andrew Budzinski, who has also been the CEO for IC Markets since it was established. IC Markets is regulated by ASIC, CySEC, and SCB, and it has an average daily trading volume of more than 18.9 billion USD.
IC Markets’ number of users is not given on the official website or by any other trusted sources. However, according to reliable sources, there are 260 employees currently working for IC Markets.
IC Markets charges a minimum deposit of 200 USD when forex traders register a real account. When trading with IC Markets, forex traders can expect the following trading fees.
- Spreads from 0.0 pips EUR/USD
- Commission charges of $3 depending on the financial instrument and volume traded
Where trade execution speed is concerned, forex traders can expect low-latency connection, superior liquidity, and some of the best trade execution speeds in the industry. Regarding the website, platform, and client fund security IC Markets is a trusted and well-regulated broker that uses the latest technological software.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Forex
- Commodities
- Cryptocurrency
- Stocks
- Shares
- Indices
- Metals
- Energies
- Bonds
- CFDs
In terms of trading software and applications, IC Markets supports the use of:
- cTrader
- MetaTrader 4
- MetaTrader 5
Regarding the research and training provided by IC Markets, forex traders can expect a blog along with the following tools, material, and resources:
- Forex Calculators
- Economic Calendar
- WebTV
- Webinar
- Trading Lessons (10 Lessons)
- Video Tutorials, and several others.
In terms of customer support, IC Markets can be contacted through.
- Telephone
- Live chat
In terms of the service area, IC Markets serves traders from around the world except for traders from these regions.
- United States
- Iran
- Yemen
- Canada
In terms of currency types, IC Markets supports the following currencies.
- USD
- JPY
- EUR
- GBP
- CAD
When compared to other forex brokers, IC Markets offers the following unique sides and features.
- Strong corporate governance
- Compliance with all regulations
- A range of tradable instruments
- Dedicated customer support
IC Markets is an active, reputable broker in Belarus that has hundreds of registered traders that trade on its platforms. IC Markets has a decent market share and offers Belarusian citizens an array of privileges such as dedicated customer support, a range of deposit currencies, and competitive trading conditions.
IC Markets is a popular choice for Belarusian citizens because of its good reputation and range of services.
To get more information, you can read the IC Markets review.
5. Pepperstone
Pepperstone is a forex trading broker and trading platform established in 2010 in Australia by Owen Kerr and Joe Davenport. Pepperstone’s CEO is Tamas Szabo, who has held the position for several consecutive years. Pepperstone is regulated by ASIC and FCA, and its market capitalization may not be known, but the broker has a daily average trading volume of more than $9.2 billion.
Pepperstone has more than 57 000 registered forex traders, according to the official Pepperstone website. According to reliable sources, there are more than 200 employees currently working for Pepperstone.
Pepperstone charges a minimum deposit of $200 when forex traders register a real account. When trading with Pepperstone, forex traders can expect the following trading fees.
- Spreads from 0 pips EUR/USD
- Commission charges of 7 USD round turn per 100K USD traded
Where trade execution speed is concerned, forex traders can expect that Pepperstone executes large volumes of orders within just a few milliseconds as a result of reliable, high liquidity and robust servers.
Regarding the website, platform, and client fund security Pepperstone is a trusted, secure forex broker that incorporates the latest security technology and innovations.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Shares
- Indices
- Metals
- Energies
- Bonds
- CFDs
- Forex
- Commodities
- Cryptocurrency
- Stocks
- ETFs
In terms of trading software and applications, Pepperstone supports the use of:
- MetaTrader 4
- MetaTrader 5
- cTrader
Regarding the research and training provided by Pepperstone, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- cTrader Automate
- AutoChartist with Pepperstone Technical Analysis software
- Social Trading and ZuluTrade
- VPS Hosting
- Pepperstone Webinars
- Smart Trader Tools for Pepperstone MetaTrader, and several other tools and resources
In terms of customer support, Pepperstone can be contacted through.
- Telephone
- Live chat
In terms of the service area, Pepperstone serves traders from more than 65 countries except for traders from these regions.
- United States
- Canada
- Japan
- Iran
- Yemen
- Zimbabwe and several others from the OFAC list
In terms of currency types, Pepperstone supports the following currencies.
- USD
- GBP
- EUR
- CHF
- JPY, and more.
When compared to other forex brokers, Pepperstone offers the following unique sides and features.
- It is one of the largest, most reputable forex and CFD brokers in the industry, with offices worldwide
- Advanced trading tools and research
- Trusted forex broker and trading platform
Pepperstone is one of the most active brokers in Belarus, with hundreds of registered traders that use it to facilitate trades. Pepperstone, in comparison with other competitors, has a large market share in Belarus and offers Belarusian traders several privileges such as a choice in accounts, tailored solutions, and affordable trading costs.
Pepperstone is a popular choice of forex broker in Belarus as a result of its innovative, flexible solutions offered to traders.
To get more information, you can read the Pepperstone review.
6. IQ Option
IQ Option is a forex trading broker and trading platform established in 2013 in Cyprus by Dmitry Zaretsky. IQ Option’s CEO is Timofey Baranov, who has held the position for more than four years since 2017. IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC), and its daily trading volume is more than $3.5 billion and growing.
IQ Option has more than twenty million registered forex traders, according to the official IQ Option website. According to reliable sources, there are between 10 and 50 employees currently working for IQ Option.
IQ Option charges a minimum deposit of 10 USD when forex traders register a real account. When trading with IQ Option, forex traders can expect the following trading fees.
- Spreads from 0.1 pips EUR/USD and some other major forex pairs
- Commission-free trading options
Where trade execution speed is concerned, forex traders can expect trades to be executed within 0.7 seconds. Regarding the website, platform, and client fund security, IQ Option is known for providing a safe trading environment that has stringent protocols and processes.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Forex
- Options
- Stock CFDs
- ETFs
- Cryptocurrencies
- Commodities
In terms of trading software and applications, IQ Option supports the use of proprietary trading software, which can be used either on the web, desktops, or a range of mobile devices. Regarding the research and training provided by IQ Option, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- Stock Collections
- Industries
- Video Tutorials
- Historical Quotes
- Calendars
In terms of customer support, IQ Option can be contacted through.
- Telephone
- Live chat
- Telegram
In terms of the service area, IQ Option serves traders from around the world except for traders from these regions.
- United States
- Canada
- Australia
- Russia
- Belgium
- Israel
- Palestine, and several other regions
In terms of currency types, IQ Option supports the following currencies.
- USD
- GBP
- EUR
- ZAR
- RUB
When compared to other forex brokers, IQ Option offers the following unique sides and features.
- Low trading fees and commissions
- Dedicated, multilingual support
- Quick deposit and withdrawal methods
IQ Option is an exceptionally active, popular forex broker in Belarus that has more than 500 registered forex traders that use its proprietary trading software. IQ Option has a large market portion in Belarus as a result of its unique solutions.
While Belarusian traders are not given any specific privileges, IQ Option is still a popular choice for forex traders in the region as a result of its low and transparent trading fees, dedicated support, and range of tradable markets.
To get more information, you can read the IQ Option review.
7. eToro
eToro is a forex trading broker and trading platform established in Cyprus, UK, and Israel in 2007 by Yoni Assia, Ronen Assia, and David Ring. eToro’s CEO is Yoni Assia, who has held the position for the past 14 years. eToro is regulated by ASIC, FCA, and CySEC and sees a daily trading volume of more than 4.3 billion USD, according to official sources.
eToro has an undisclosed number of registered forex traders, and according to reliable sources, there are between 500 and 1,000 employees currently working for eToro.
eToro charges a minimum deposit of 200 USD when forex traders register a real account. When trading with eToro, forex traders can expect the following trading fees.
- Spreads from 3 pips
- Commission-free trading as any other trading costs are already included in the spread
Where trade execution speed is concerned, forex traders can expect lightning-fast trade execution speeds. Regarding the website, platform, and client fund security, eToro is one of the most secure brokers that use the latest, most innovative trading technology in the industry.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Commodities
- Cryptocurrency
- Stocks
- Shares
- ETFs
- CFDs
- Indices
- Metals
- Energies
- Bonds
- Forex
In terms of trading software and applications, eToro offers and uses its proprietary trading software on the web, mobile, and desktop. Regarding the research and training provided by eToro, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- eToro Instrument chart
- eToro CopyPortfolios
- eToro Watchlist
- eToro Portfolio
- eToro News Feed
- eToro Copy People
- eToro Trade Markets
- eToro Instrument feed
- eToro Instrument statistics
In terms of customer support, eToro can be contacted through.
- Telephone
In terms of the service area, eToro serves traders from around the world except for traders from these regions.
- United States
- Japan
- Brazil
- Canada
- Turkey
- North Korea
In terms of currency types, eToro supports the following currencies.
- AUD
- EUR
- USD
- GBP
- RUB and several others.
When compared to other forex brokers, eToro offers the following unique sides and features.
- Free insurance to eligible clients
- Opportunity to invest with experts
- Commission-free trading
- eToro is well-known for being the leading social trading platform in the world
eToro is one of the most active forex and CFD trading brokers in Belarus used by a significant number of Belarusian traders. eToro owns a significant market share alongside some other large competitors. Belarusian traders are given a range of privileges such as a range of markets, a large online community, and dedicated customer support.
eToro is classified as a popular option for Belarusian traders as it is user-friendly, comprehensive, and one of the most secure trading brokers in the industry.
To get more information, you can read the eToro review.
8. RoboForex
RoboForex is a forex trading broker and trading platform which is based in Belize and was founded in 2009 by an unknown entity. RoboForex’s CEO is Rudolph Simmons, who has held the position for more than five years. RoboForex is regulated by IFSC and has a daily trading volume of $4.3 billion.
RoboForex has more than 730,000 registered forex traders, according to the official RoboForex website. According to reliable sources, there are between 50 and 1,000 employees currently working for RoboForex.
RoboForex charges a minimum deposit of 10 USD when forex traders register a real account. When trading with RoboForex, forex traders can expect the following trading fees.
- Spreads from 0.0 pips EUR/USD and on other major instruments
- Commission charges from as low as $0.0045 subjected to financial instrument and volume being traded
Where trade execution speed is concerned, forex traders can expect trades to be executed between 150 and 400 milliseconds. Regarding the website, platform, and client fund security RoboForex uses innovative technologies, account segregation, and other stringent protocols.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Forex
- Commodities
- CFDs
- ETFs
- Metals
- Energies
- Cryptocurrency
In terms of trading software and applications, RoboForex supports the use of:
- MetaTrader 4
- MetaTrader 5
- RoboForex R Trader
- cTrader
Regarding the research and training provided by RoboForex, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- Economic calendar
- Trading Tips
- Educational Videos
- Trading Guides
- Indices Charts and several other useful tools and resources.
In terms of customer support, RoboForex can be contacted through.
- Telephone
- Live chat
In terms of the service area, RoboForex serves traders from around the world except for traders from these regions.
- Japan
- United States
- Canada
- Australia
In terms of currency types, RoboForex supports the following currencies.
- EUR
- USD
- PLN
- CNY, and more.
When compared to other forex brokers, RoboForex offers the following unique sides and features.
- Bonuses and promotions
- Affiliate program
- Award-winning service
RoboForex is an active broker in Belarus as a result of its unique, flexible services. Hundreds of registered Belarusian traders use RoboForex daily, which ensures that RoboForex has a decent market share when compared to other competitors.
Belarusian citizens are provided with the privilege to access promotions to help them kickstart their trading, a choice in trading platforms, dynamic account types, and more, making RoboForex one of the most popular forex brokers in the region.
To get more information, you can read the RoboForex review.
9. OctaFX
OctaFX is a forex trading broker and trading platform established in Saint Vincent and the Grenadines in 2011 by an unknown group. OctaFX’s CEO is Georgios D. Pantzis, who has held the position for more than three consecutive years. OctaFX is regulated by CySEC and FSA SVG.
OctaFX has more than 6.6 million registered forex traders from more than 100 different countries worldwide, according to the official OctaFX website. According to reliable sources, there are between 250 and 500employees currently working for OctaFX.
OctaFX charges a minimum deposit of 100 USD when forex traders register a real account. When trading with OctaFX, forex traders can expect the following trading fees.
- Spreads from 0.0 pips EUR/USD
- Commission charges of $0.02 depending on the trading account, financial instrument, and position size
Where trade execution speed is concerned, forex traders can expect that 97.5% of trades will be executed within seconds with minimal slippage. Regarding the website, platform, and client fund security OctaFX uses only the best, most effective security measures along with keeping client funds in segregated accounts.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Forex
- Metals
- Energies
- Indices
- Cryptocurrencies
In terms of trading software and applications, OctaFX supports the use of:
- OctaFX trading application
- MetaTrader 4
- MetaTrader 5
- cTrader
Regarding the research and training provided by OctaFX, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- Forex basics
- Video Tutorials
- Webinars
- Trading Calculator
- Live Quotes
- AutoChartist, and several others
In terms of customer support, OctaFX can be contacted through.
- Telegram
- Telephone
- Live chat
In terms of the service area, OctaFX serves traders from around the world except for traders from the United States. In terms of currency types, OctaFX supports the use of either EUR or USD. When compared to other forex brokers, OctaFX offers the following unique sides and features.
- Award-winning trading solutions
- A range of tradable financial instruments
OctaFX is a very active forex broker in Belarus with thousands of registered traders that use its trading platform. OctaFX has a decent market share in Belarus despite competitiveness in the field. Belarusian citizens are not given any specific privileges but can rely on OctaFX for the best trading conditions in the industry.
OctaFX is a popular choice for Belarus citizens as a result of its unique offering and array of features.
To get more information, you can read the OctaFX review.
10. FP Markets
FP Markets is a forex trading broker and trading platform established in Australia in 2005 by Matthew Murphie. FP Markets’ CEO is Nick Twidale, who has held the position for the past year since 2020. FP Markets is regulated by ASIC, CySEC, and SVG FSA, and its market capitalization is not given by official sources.
FP Markets has an undisclosed number of registered and according to reliable sources, there are between 50 and 100 employees currently working for FP Markets.
FP Markets charges a minimum deposit of $100 when forex traders register a real account. When trading with FP Markets, forex traders can expect the following trading fees.
- Tight and variable spreads from 0.0 pips on EUR/USD and other major instruments
- Commission charges of $3 per 100k traded
Where trade execution speed is concerned, forex traders can expect trades to be executed instantly with low latency and minimal slippage. Regarding the website, platform, and client fund security, FP Markets is a trusted, reputable forex broker and trading platform that guarantees client fund safety in a secure trading environment.
Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes.
- Forex
- Commodities
- Indices
- Cryptocurrency
- Metals
- Energies
- Equities
- CFDs
In terms of trading software and applications, FP Markets supports the use of:
- IRESS Trading Platform
- MetaTrader 4
- MetaTrader 5
Regarding the research and training provided by FP Markets, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:
- Traders Hub
- Copytrading
- AutoChartist
- Trader Toolbox
- Forex VPS to eligible traders
- MAM/PAMM solutions
In terms of customer support, FP Markets can be contacted through.
- Live chat
- Telephone
In terms of the service area, FP Markets serves traders from around the world except those who reside in Japan, New Zealand, and the United States. In terms of currency types, FP Markets supports the following currencies.
- USD
- EUR
- GBP
- AUD, and several others.
When compared to other forex brokers, FP Markets offers the following unique sides and features.
- Deep liquidity
- Low latency trading
- Award-winning trading software and platforms
FP Markets is a very active forex broker in Belarus that has more than 100 registered forex traders using its platforms. Despite several competitors in the industry, FP Markets prides itself on a decent market share in the Belarus forex trading market.
FP Markets does not offer Belarusian citizens specific privileges, but forex traders can expect advanced, flexible trading solutions, a range of tradable financial instruments, dedicated support, and award-winning services.
FP Markets is a popular choice for Belarusian traders as a result of its unique, comprehensive offering, trust, and client fund security that it guarantees.
To get more information, you can read the FP Markets review.
Forex Trading in Belarus
Forex trading in Belarus is done through forex brokers that accept traders who reside in Belarus. One of the main advantages of forex trading in Belarus is the availability of transparent regulation, compliance with FATF requirements, and factors surrounding the Financial Market Development Association.
The FMDA is involved in the development of forex trading, and it contributes to the implementation of the legal rights and interests of Belarusian forex brokers. It also ensures that forex traders are granted a fair, transparent, and secure trading environment.
Forex brokers that operate from Belarus allow for the following actions.
- That Belarusian traders open accounts and store funds
- That there is customer support to all traders
- Remote customer registration
- The withdrawal of funds through international payment systems
What should be known for Forex Trading in Belarus
Belarus is a small country next to Russia, which is ahead of many regions in terms of forex regulations as a result of a draft decree by the president of Belarus aimed at legalizing and regulating forex brokers in the country.
Forex brokers who wish to operate in Belarus and offer their services to Belarusian traders must have net capital of 10,000 base units. Belarusian forex traders, unlike traders in other regions, have tax exemption and are not required to pay taxes on their forex profits.
Forex brokers in Belarus are obligated to ensure that they warn potential traders and investors of the risks involved with forex trading.
Who are the Forex Regulators in Belarus?
The forex trading environment in Belarus is well-regulated by the Belarus Central Bank by keeping a register of licensed forex brokers and businesses.
The Belarus Central Bank reserves the right to grant and withdraw licenses based on its discretion. To provide trading services in Belarus, companies must be licensed and registered forex brokerage, a bank, or a non-bank credit firm.
However, Belarusian traders are allowed to use the services of offshore brokers, given that these brokers are regulated by reputable entities such as FCA, CySEC, and others. This ensures that client funds and information remains safe and protected.
Is Forex Trading Legal in Belarus?
Yes, Forex trading is legal in Belarus. Belarus has an intricate method of overseeing and monitoring forex trading activities through the Belarus Central Bank.
How many Forex Traders are there in Belarus?
There are non-official sources that estimate that there are 20,000+ traders in Belarus.
What do Belarus’ citizens think about Forex Trading?
Belarus citizens welcome and accept forex trading either as a side-hustle, hobby or as a professional career, with more forex traders emerging in the forex market frequently.
Best Forex Brokers for Beginners in Belarus
The best forex brokers for beginners in Belarus are:
- OctaFX
- RoboForex
- Pepperstone
- Trading 212
- eToro
Best Forex Brokers for Experts in Belarus
The best forex brokers for Experts in Belarus are:
- FXPrimus
- XTB
- IQ Option
- FP Markets
- IC Markets
Best Forex Brokers for Other Countries
The best forex brokers in Russia are:
- IC Markets
- Interactive Brokers
- Axi
- Admirals
- Exness
The best forex brokers for Ukraine are:
- Saxo Bank
- AvaTrade
- easyMarkets
- Swissquote
- HYCM
The best forex brokers for Poland are:
- Blackbull Markets
- LegacyFX
- Oinvest
- FXCM
- FxPro
Table of Contents
