Best Forex Brokers in Belgium in 2021

Best Forex Brokers in Belgium in 2021

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Best Forex Brokers for Belgium

The process involved with choosing the right forex broker may be difficult, but the following guide will help Belgium forex traders choose the best forex broker for their individual trading needs and objectives:

  1. eToro
  2. FXTM
  3. Pepperstone
  4. AvaTrade
  5. FBS
  6. Admirals
  7. Trading 212
  8. City Index
  9. Oanda
  10.  InstaForex

1. eToro

eToro is a forex trading broker and trading platform established in 2007 in Cyprus, the UK, and Israel by Yoni Assia, Ronen Assia, and David Ring, with Yoni Assia in the position of CEO for eToro for the past 14 years. eToro is regulated by ASIC, FCA, and CySEC and experiences a daily trading volume of more than 4.3 billion USD, according to official sources.

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 consisting of fixed spreads from 3 pips EUR/USD and commission-free trading.

With trade execution speed, forex traders can expect lightning-fast trade execution speeds. 

Regarding 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 a wide range of tradable financial instruments from these asset classes:

  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • ETFs
  • CFDs
  • Indices
  • Metals
  • Energies
  • Bonds
  • Forex

In terms of trading software and applications, eToro uses its proprietary trading software across a range of devices.

With regards to the research and training provided by eToro, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. eToro Instrument chart
  2. eToro CopyPortfolios
  3. eToro Watchlist
  4. eToro Portfolio
  5. eToro News Feed and several other helpful tools.

In terms of customer support, eToro can be contacted through:

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • Email
  • 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 very active forex and CFD trading broker in Belgium used by hundreds of registered Belgium traders. eToro has a large market share alongside some other large competitors. Belgium traders are given a range of privileges, including a wide range of markets, a large online community, and dedicated customer support.

eToro is a popular option for Belgium traders because 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.

2. FXTM

FXTM is a forex trading broker and trading platform headquartered in Mauritius, founded in 2011 by Andrey Dashin and Olga Rybalkina. FXTM’s CEO is Olga Rybalkina, who has been in the position since the forex broker was founded. FXTM is regulated by FCA, CySEC, FSCA, and FSC.

While the market capitalization for FXTM is not given by official sources, the daily trading volume that the forex broker experiences is more than 3.6 billion USD, given by trusted financial market sources.

In terms of forex traders, there are more than 3 million forex traders who possess a real account with FXTM, according to the official website. According to reliable sources, there are 782 employees are currently working for FXTM.

There is a minimum deposit of $10 when forex traders register a real account. In terms of forex trading fees, FXTM charges:

  • A variable 0-pip spread
  • Low commission charges start from $2, depending on the financial instrument, position size, and trading account used.

Regarding trade execution speeds, forex traders can expect trade execution within 0.068 seconds. Regarding security, FXTM is known for its transparency and secure trading platform and trading environment.

In terms of financial markets, FXTM offers a wide range of tradable financial instruments across these asset classes:

  • Forex
  • CFDs on commodities
  • CFDs on indices
  • Spot Metals
  • Stock CFDs
  • Stocks

Regarding trading software for FXTM, the following trading platforms are supported:

  1. MetaTrader 4
  2. MetaTrader 5
  3. FXTM Trader

Regarding the research and training provided by FXTM, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Educational Videos
  2. Daily market analysis
  3. Podcasts
  4. Economic Calendar
  5. Forex News Timeline and several others.

In terms of customer support, FXTM can be contacted through:

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Telegram
  • Telephone
  • Live Chat
  • Email

In terms of the service area, FXTM serves traders from around the world except for traders from these regions:

  • United States
  • Puerto Rico
  • Canada
  • Quebec, and several other regions.

In terms of currency types, FXTM supports the following currencies:

  • USD
  • EUR
  • GBP
  • IDR
  • MYR
  • NGN

When compared to other forex brokers, FXTM offers the following unique sides and features:

  • Wide range of deposit and withdrawal options
  • Trust and reliability
  • Award-winning trading services

FXTM is an active forex broker in Belgium with more than 100 traders that trade on its platforms. FXTM has a decent market share in Belgium as a result of its innovative, flexible services and advanced trading tools. Belgium citizens have the privilege of a range of trading solutions, reliable trade execution, and a choice in accounts.

FXTM is a popular choice for Belgium citizens as a result of its award-winning service, competitive trading conditions, and flexible trading platforms.

To get more information, you can read the FXTM review.

3. Pepperstone

Pepperstone is a forex trading broker and trading platform based in Australia and was founded in 2010 by Owen Kerr and Joe Davenport. Pepperstone’s CEO is Tamas Szabo, who has been in the position for several consecutive years. 

Pepperstone is regulated by ASIC and FCA, and while the market capitalization may not be known, 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 spreads from 0 pips EUR/USD and low 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 in milliseconds as a result of reliable speeds, 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:

  1. MetaTrader 4
  2. MetaTrader 5
  3. 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:

  1. cTrader Automate
  2. AutoChartist with Pepperstone Technical Analysis software
  3. Social Trading and ZuluTrade
  4. VPS Hosting
  5. Pepperstone Webinars, and more.

In terms of customer support, Pepperstone can be contacted through:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • LinkedIn

In terms of the service area, Pepperstone serves traders from several worldwide countries except for traders from these regions:

  • United States
  • Canada
  • Japan
  • Iran
  • Yemen
  • Zimbabwe, and several others.

In terms of currency types, Pepperstone supports the following currencies:

  • USD
  • GBP
  • EUR
  • CHF
  • JPY

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

Pepperstone is a very active broker in the Belgium region with hundreds of registered traders that use its platform and competitive trading conditions. Pepperstone has a large market share in Belgium and offers Belgium traders several privileges such as a choice in accounts, tailored solutions, and affordable trading costs.

Pepperstone is a popular choice of forex broker in Belgium as a result of its innovative, flexible solutions offered to traders.

To get more information, you can read the Pepperstone review.

4. AvaTrade

AvaTrade is a forex trading broker and trading platform established in 2006 by Negev Shekel Nosatzi in Dublin, Ireland. AvaTrade’s CEO is Dáire Ferguson, who has held the position for more than nine years since 2012. AvaTrade is regulated by ASIC, BVI, CBI, FFAJ, FSA, FSCA, and IIROC, with a daily average trading volume of more than $7.8 billion.

AvaTrade has more than 300,000 registered forex traders, according to the official AvaTrade website. According to reliable sources, there are between 250 and 500 employees currently working for AvaTrade.

AvaTrade charges a minimum deposit of 100 USD when forex traders register a real account. When trading with AvaTrade, forex traders can expect the following trading fees:

  • Fixed spreads from 0.9 pips
  • Commission-free trading options on most instruments

Where trade execution speed is concerned, forex traders can expect trades to be executed within a few seconds as a result of innovative, reliable technology and solutions. Regarding the website, platform, and client fund security AvaTrade uses the latest and most secure software to ensure information and data security across the website and trading platforms.

Where tradable financial instruments are concerned, forex traders can expect more than 1,250 instruments from these asset classes:

  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Options
  • Bonds
  • CFDs
  • ETFs

In terms of trading software and applications, AvaTrade supports the use of:

  1. MetaTrader 4
  2. MetaTrader 5
  3. AvaTradeGo
  4. AvaTradeOptions
  5. DupliTrade
  6. ZuluTrade

Regarding the research and training provided by AvaTrade, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Market News
  2. Technical Analysis
  3. Fundamental Analysis
  4. Trading calculators
  5. AutoChartist
  6. Economic Calendar
  7. Sharp Trader and several other innovative tools and technologies

In terms of customer support, AvaTrade can be contacted through:

  • Live chat
  • Telephone
  • Email
  • The contact request form (on the official website)
  • Instagram
  • Twitter
  • Facebook

In terms of the service area, AvaTrade serves traders from around the world except for traders from The United States, Iran, and several other regions on the OFAC list. In terms of currency types, AvaTrade supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD

When compared to other forex brokers, AvaTrade offers the following unique sides and features:

  • Large range of tradable instruments
  • Advanced and helpful tools
  • Educational tools and materials
  • AvaProtect

AvaTrade is an active forex broker in Belgium with hundreds of registered traders that uses its platforms frequently. AvaTrade has a decent market share in Belgium as a result of its good reputation and comprehensive trading solutions. Belgium citizens are provided with an array of privileges such as competitive trading conditions, Promotions, and a range of tradable instruments.

AvaTrade is a popular choice for Belgium citizens because of its powerful trading software, security, and award-winning trading solutions.

To get more information, you can read the AvaTrade review.

5. FBS

FBS is a forex trading broker and trading platform headquartered in Belize and founded in 2009. FBS’s CEO is Ferdous Amin, who has held the position for several consecutive years. FBS is regulated by International Financial Services Commission (IFSC)

While FBS’ market capitalization is not given, FBS has more than a million registered forex traders, according to the official FBS website. According to reliable sources, there are between 100 and 250 employees currently working for FBS.

FBS charges a minimum deposit of 1 USD when forex traders register a real account. When trading with FBS, forex traders can expect the following trading fees:

  • Spreads from 0.0 pips
  • Commission charges of $20

Where trade execution speed is concerned, forex traders can expect trades to be executed within just a few milliseconds. Regarding the website, platform, and client fund security, FBS uses innovative and strict security protocols and software.

Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes:

  • Forex
  • Metals
  • Indices
  • Energies
  • CFDs
  • Stocks

In terms of trading software and applications, FBS supports the use of:

  1. MetaTrader 4
  2. MetaTrader 5
  3. FBS Trader

Regarding the research and training provided by FBS, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Seminars
  2. Glossary
  3. Economic Calendar
  4. Currency Converter
  5. Daily Market Analysis and several others.

In terms of customer support, FBS can be contacted through these communication channels:

  • WeChat
  • Facebook
  • Viber
  • Line
  • Telegram
  • WhatsApp, and several other ways.

In terms of the service area, FBS serves traders from around the world except for traders from these regions:

  • United States
  • Japan
  • Canada
  • United Kingdom
  • Myanmar
  • Brazil
  • Malaysia
  • Israel
  • Islamic Republic of Iran

In terms of currency types, FBS supports the following currencies:

  • EUR
  • USD

When compared to other forex brokers, FBS offers the following unique sides and features:

  • High leverage ratios up to 1:3000
  • Powerful trading technology

FBS is a very active forex broker in Belgium with hundreds of registered traders that use its services and solutions daily. FBS has a good market share despite the competitiveness present in the field. There are no privileges offered to Belgium citizens other than a range of markets and unique solutions.

FBS is a popular choice for Belgium citizens because of its powerful trading software, security, and award-winning trading solutions.

To get more information, you can read the FBS review.

6. Admirals

Admirals is a forex trading broker and trading platform established in the United Kingdom in 2001. The CEO for Admirals is Sergei Bogatenkov, who has been in the position for the past seven years. Admirals is regulated by FCA, CySEC, EFSA, and AFSL.

Admirals have a market capitalization of more than 12 billion USD, according to official stock information. Admirals also have an average daily trading volume of more than $3.2 billion as per official sources.

Admirals have more than a million registered forex traders, according to the official Admirals website. According to reliable sources, there are between 250 and 500 employees currently working for Admirals.

Admirals charge a minimum deposit that starts from 1 USD when forex traders register a real account. When trading with Admirals, forex traders can expect the following trading fees:

  • Spreads from 0.0 pips (Variable)
  • Commission charges from as little as 0.01 USD depending on the instrument and position size

Where trade execution speed is concerned, forex traders can expect 90% of all trades to be executed in 90 milliseconds. Regarding the website, platform, and client fund security, Admirals is regulated by strict entities and is a trusted forex broker that uses innovative protocols and processes.

Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes:

  • Forex
  • Shares
  • Cryptocurrency CFDs
  • Bonds
  • Energies
  • Metals
  • Commodities
  • Indices

In terms of trading software and applications, Admirals supports the use of:

  1. MetaTrader 5
  2. MetaTrader 4
  3. MetaTrader Supreme Edition

Regarding the research and training provided by Admirals, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Forex 101
  2. Premium Analytics
  3. Fundamental and Technical Analysis
  4. Forex Calendar
  5. Trading Central, and several more.

In terms of customer support, Admirals can be contacted through:

  • Twitter
  • LinkedIn
  • Instagram
  • Live Chat
  • Telephone
  • Email
  • Facebook

In terms of the service area, Admirals serves traders from around the world except for traders from these regions:

  • United States
  • Japan
  • Singapore
  • Canada
  • Malaysia and some other regions with restrictions on forex trading.

In terms of currency types, Admirals supports the following currencies:

  • USD
  • SEK
  • RUB
  • EUR
  • GBP
  • BGN
  • AUD

When compared to other forex brokers, Admirals offers the following unique sides and features:

  • Flexible trading options and accounts
  • Forex education and analysis
  • Dedicated customer support

Admirals is a very active forex broker in Belgium with hundreds of registered traders. The market share for Admirals is not given by official sources, but it offers Belgium traders a choice in currencies, financial instruments, and trading software.

Despite the lack of privileges offered to Belgium traders, Admirals is still a popular choice for Belgium citizens because of its innovative solutions, reliable trade execution speed, range of markets, and security features.

To get more information, you can read the Admirals review.

7. Trading 212

Trading 212 is a forex trading broker and trading platform founded 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 consecutive years. Trading 212 is regulated by Financial Conduct Authority (FCA), and it 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 spreads from 1.2 pips.

With trade execution, 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. 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:

  1. Economic Calendar
  2. Market Analysis
  3. Educational Videos on the official YouTube channel

In terms of customer support, Trading 212 can be contacted through:

  • Telephone
  • Live Chat
  • Email

In terms of the service area, Trading 212 serves traders from around the world except for traders from the United States. 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 an active forex broker in Belgium with many registered traders that use its trading platform. Trading 212 has a small market share in Belgium as a result of competition in the field. Belgium traders are not granted any privileges other than innovative trading software on mobile devices.

Trading 212 is a good choice for Belgium 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.

8. City Index

City Index is a forex trading broker and trading platform established in 1983 in the United Kingdom by Chris Hale and Jonathan Sparke. 

City Index’s CEO is Glenn Stevens, who has held the position since 2020. City Index is regulated by FCA, MAS, and ASIC, with more than 150,000 registered forex traders. According to reliable sources, there are between 500 and 1,000 employees currently working for City Index.

City Index charges a minimum deposit of 100 GBP when forex traders register a real account. When trading with City Index, forex traders can expect the following trading fees:

  • Spreads from 0.5 pips EUR/USD
  • Commission charges from as little as 0.08% or a minimum of 10 GBP

Where trade execution speed is concerned, forex traders can expect trades to be executed within just a few milliseconds. Regarding the website, platform, and client fund security, City Index is a trusted and secure forex broker that guarantees a safe and secure trading environment.

Where tradable financial instruments are concerned, forex traders can expect more than 12,000 instruments from these asset classes:

  • Forex
  • Cryptocurrencies
  • Oil & Commodities
  • Metals
  • Bonds
  • Interest Rates
  • Options
  • Indices
  • Shares

In terms of trading software and applications, City Index supports the use of:

  1. City Index Web Trader
  2. City Index Mobile Trading Apps
  3. AT Pro Trading Platform
  4. MetaTrader 4

Regarding the research and training provided by City Index, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Tutorials
  2. Practical examples of trading topics
  3. Research Portal
  4. Trading Strategies
  5. Economic Calendar, and several others.

In terms of customer support, City Index can be contacted through:

  • Email
  • Telephone
  • Live chat
  • Social media contacts

In terms of the service area, City Index serves traders from around the world except for traders from these regions:

  • USA
  • Canada
  • Afghanistan
  • Angola

In terms of currency types, City Index supports the following currencies:

  • USD
  • GBP
  • EUR
  • CHF
  • JPY
  • NZD

When compared to other forex brokers, City Index is a large, trusted forex broker with a good reputation that spans 35 years in service.

City Index is a very active forex broker in Belgium with more than 100 registered traders that use its platform. City Index has a decent market share despite competition in the industry. There are no privileges offered to Belgium citizens other than a range of markets and unique solutions.

City Index is a popular choice for Belgium citizens because it is trusted and offers a wide range of trading solutions, markets, and reliable trading platforms.

To get more information, you can read the City Index review.

9. Oanda

Oanda is a forex trading broker and trading platform established in 1996 in Delaware, the USA, by Michael Stumm and Richard Olsen. Oanda’s CEO is Gavin Bambury, who has held the position since 2019. Oanda is regulated by CFTC, NFA, IIROC, FCA, MAS, ASIC, FFAJ, and BVI.

While Oanda’s market capitalization is not given by official sources, the broker experiences a daily trading volume which exceeds 10.7 billion USD.

Oanda has an undisclosed number of registered forex traders, and according to reliable sources, there are 573 employees currently working for Oanda.

Oanda charges a minimum deposit that starts from 1 USD when forex traders register a real account. When trading with Oanda, forex traders can expect the following trading fees:

  • Spreads from 0.7 pips EUR/USD

Where trade execution speed is concerned, forex traders can expect trades to be executed within 0.012 seconds. Regarding the website, platform, and client fund security Oanda has strict regulation, advanced risk management, and strict security protocols.

Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes:

  • Forex
  • Indices
  • Metals
  • Commodities

In terms of trading software and applications, Oanda supports the use of:

  1. MetaTrader 4
  2. OANDA forex trading platform

Regarding the research and training provided by Oanda, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Training videos for forex and CFD trading
  2. Trading guides for beginners, intermediate, and advanced forex traders.
  3. Trading articles
  4. Advanced charting
  5. Market Calendar
  6. Market Insights

In terms of customer support, Oanda can be contacted through:

  • Facebook
  • Twitter
  • Instagram
  • Telephone
  • Email
  • Live Chat

In terms of the service area, Oanda serves forex traders from around the world without indicating any restrictions on regions. In terms of currency types, Oanda supports the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • JPY
  • CAD
  • SGD
  • HKD

When compared to other forex brokers, Oanda offers the following unique sides and features:

  • Advanced charting capabilities
  • Algo Lab provided
  • Pattern Recognition
  • Price Projection
  • Module Linking
  • OANDA Chart Forum Community, and more.

Oanda is a very active forex broker in Belgium with hundreds of registered traders that use its unique services as well as flexible solutions. Oanda has a decent market share in Belgium despite other forex brokers that operate within the same region. There are no privileges offered to Belgium citizens other than proprietary trading platforms, competitive conditions, and unique solutions.

Oanda is a popular choice for Belgium citizens because of its powerful trading software, security, and award-winning trading solutions.

To get more information, you can read the Oanda review.

10. InstaForex

InstaForex is a forex trading broker and trading platform that was incorporated in Cyprus in 2007 by an unknown group/individual. InstaForex’s CEO is not given by any official sources. InstaForex is regulated by Financial Services Commission (FSC), and its daily trading volume exceeds 5.8 billion USD.

InstaForex has more than 7 million registered forex traders, according to the official InstaForex website. According to reliable sources, there are more than 250 employees currently working for InstaForex.

InstaForex charges a minimum deposit which starts from as little as 1 USD when forex traders register a real account. When trading with InstaForex, forex traders can expect the following trading fees:

  • Variable spreads start from 0.0 pips depending on the financial instrument, trading account, and market conditions on the day of trading.
  • Commission charges range from between 0.03% and 0.07%, depending on the instrument, account, and position size of the trade.

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 InstaForex uses data encryption technology and several other protocols to ensure client security.

Where tradable financial instruments are concerned, forex traders can expect instruments from these asset classes:

  • Forex
  • Metals
  • Indices
  • Stocks
  • Oil and Gas
  • Commodity Futures
  • Insta Futures
  • Cryptocurrencies

In terms of trading software and applications, InstaForex supports the use of:

  1. MetaTrader 4
  2. MetaTrader 5
  3. Multiterminal
  4. InstaForex WebTrader
  5. InstaTick Trader

Regarding the research and training provided by InstaForex, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Access to a Chief Strategist
  2. Analytical Reviews
  3. Economic Calendar
  4. Video Analysis
  5. Forex TV
  6. Trading Sessions

In terms of customer support, InstaForex can be contacted through:

  • Telegram
  • WhatsApp
  • Skype
  • Facebook
  • Twitter
  • Telephone
  • Live Chat
  • Email

In terms of the service area, InstaForex serves traders from around the world except for traders from these regions:

  • The United States
  • Some third world countries with laws against forex trading

In terms of currency types, InstaForex supports the following currencies:

  • EUR
  • USD
  • RUB

When compared to other forex brokers, InstaForex offers the following unique sides and features:

  • 10 trading servers in major cities
  • More than 260 representatives worldwide
  • Advice and analysis from experts

InstaForex is a very active forex broker in Belgium with hundreds of registered traders that use its platforms daily. InstaForex has a decent good market share which it occupies along with several other prominent forex brokers in Belgium. There are no privileges offered specifically to Belgium citizens other than a range of markets, unique features, reliable trade execution speeds, trading tools, and competitive trading conditions.

InstaForex is an exceedingly popular choice for Belgium citizens because of its range of markets, ease of use, user-friendly platforms, and advanced market analysis, and other useful trading tools.

To get more information, you can read the InstaForex review.

Forex Trading in Belgium

Belgium is a country in Western Europe with a population of more than 11.5 million people, which makes it the 22nd most densely populated country in the world. Belgium has a GDP of more than 500 billion USD, and the official currency used is Euro (EUR).

It is important to note that retail trading in Belgium is banned, and forex traders who are allowed to partake must be classified as professionals.

What should be known for Forex Trading in Belgium

Belgium uses the EUR, which is one of the major currencies in the world, and this allows for Belgium traders to profit from speculation on exchange rates between the EUR and other currencies. 

Forex trading has always been lucrative in Belgium and the rest of Europe, and in 2020, there was a 22.3% increase in forex trading noticed in the region as a result of several factors, including the Covid-19 pandemic, which confined many people to their homes as a result of worldwide lockdowns.

Forex brokers who wish to offer their services in Belgium must have corresponding and respective regulations in the countries where their jurisdiction is.

Who are the Forex Regulators in Belgium?

The forex market is overseen, controlled, and regulated by the Financial Services and Markets Authority, or FSMA, in Belgium.

Is Forex Trading legal in Belgium?

Yes, forex trading is legal in Belgium, but binary option and rolling spot forex contracts have been banned since 2016 by the Financial Services and Markets Authority (FSMA) in Belgium. In addition, retail forex trading is banned in Belgium, and only traders who are classified as professionals may partake in forex trading activities.

In addition to this, FSMA has also banned aggressive marketing from forex brokers, which means that investors are not exposed to promises associated with riskless profit or outsized returns.

How many Forex Traders are there in Belgium?

According to official sources, there are more than 20,000 registered forex traders who reside in Belgium.

What do Belgium’s citizens think about Forex Trading?

As a result of the strict requirements of FSMA with regards to traders, citizens do not consider forex as a lucrative or easy way to secure additional income, not unless forex traders can be classified as professional traders.

Best Forex Brokers for Beginners in Belgium

The best forex brokers for beginners in Belgium are:

  1. FXTM
  2. eToro
  3. AvaTrade
  4. Trading 212
  5. Admirals

Due to the strict requirements and restrictions of FSMA, retail trading is not allowed in Belgium, and beginners may struggle to get started in forex trading. However, despite this, these forex brokers offer the best education and a practice account for beginners to work their way up to becoming professionals.

Best Forex Brokers for Experts in Belgium

The best forex brokers for Experts in Belgium are:

  1. FBS
  2. City Index
  3. Oanda
  4. InstaForex
  5. Pepperstone

These forex brokers are known to provide a range of useful, advanced trading tools to help direct the trading decisions of traders and to allow them to make more informed decisions that will help them refine and improve their trading.

Best Forex Brokers for Other Countries

The best forex brokers for the Netherlands are:

  1. Interactive Brokers
  2. FXCM
  3. FP Markets
  4. LegacyFX
  5. Oanda

The best forex brokers for Germany are:

  1. CMC Markets
  2. IG
  3. Swissquote
  4. Saxo Bank
  5. Plus500

The best forex brokers for France are:

  1. Squared Financial
  2. eToro
  3. FXTM
  4. Tickmill
  5. Blackbull Markets

The best forex brokers in Luxembourg are:

  1. XTB
  2. Expert Option
  3. Swissquote
  4. CMC Markets
  5. easyMarkets