Best Forex Brokers in Belize in 2021

Best Forex Brokers in Belize in 2021

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Belize is a Caribbean country that is based on the north-eastern coast of Central America. Belize is both financially and economically stable and a popular place for forex brokers to set up operations as it is one of the most known offshore jurisdictions. 

Belize is also known for its well-developed legal framework, and there are many forex traders based in Belize who is partaking in forex trading. The following are the best forex brokers based in Belize in 2021:

  1. IQ Option
  2. HotForex
  3. OctaFX
  4. AvaTrade
  5. ExpertOption
  6. XM

1. IQ Option

IQ Option is a forex trading broker and trading platform established in Cyprus in 2013 by Dimitry Zaretsky. IQ Option’s CEO is Timofey Baranov, who has been the CEO since 2017. IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC), and its daily trading volume is more than $3.5 billion.

IQ Option has more than 20 million registered forex traders as per trusted sources. 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:

  1. Stock Collections
  2. Industries
  3. Video Tutorials

In terms of customer support, IQ Option can be contacted through:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Telegram
  • Twitter
  • Instagram

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

  • United States
  • Canada
  • Australia
  • 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 low trading and non-trading fees with transparent schedules. IQ Option is also renowned for dedicated customer support and quick deposit/withdrawal methods and options.

IQ Option is a very active forex broker in Belize with more than 10,000 traders that use its services and solutions. IQ Option has a good market share in Belize despite the competitiveness of the industry. There are no privileges offered to Belize citizens other than a range of markets, proprietary trading platforms, and innovative trading solutions.

IQ Option is a popular choice for Belize citizens because of its user-friendly platform, low fees, and range of tradable markets.

To get more information, you can read the IQ Option review.

2. HotForex

HotForex is a forex trading broker and trading platform established in Cyprus in 2010. The CEO for HotForex is George Koumandaris, who has been in the position for several years. HotForex is regulated by FSCA, DFSA, FSA, and FSC.

The average daily trading volume that HotForex experiences exceed $11.9 billion, and in terms of forex traders, there are 2.5 million registered forex traders, according to the official HotForex website. According to reliable sources, over 200 employees are working for HotForex.

HotForex charges a minimum deposit of an ultra-low $5 when traders register for an entry-level account. When trading with HotForex, forex traders can expect the following trading fees:

  • Spreads from 0.1 pips EUR/USD
  • Commission charges that start from $3 on certain instruments

In terms of trade execution, forex traders can expect trades to be executed within just a few milliseconds. Regarding website, platform, and client fund security HotForex is a world-class trading broker that uses the best security protocols.

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

  • Indices
  • Stocks
  • CFDs
  • Metals
  • Energies
  • Forex
  • Commodities
  • Cryptocurrencies
  • Bonds
  • Shares

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

  1. MetaTrader 4
  2. MetaTrader 5

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

  1. Economic Calendar
  2. Trader’s Board
  3. HotForex Educational Videos
  4. Trading Courses
  5. Forex e-Course and education
  6. Webinars, and more.

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

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

In terms of the service area, HotForex serves traders from around the world except those who originate from the United States. In terms of currency types, HotForex supports the use of ZAR and USD.

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

  • Convenient Trading Platform Options
  • Bonuses and Promotions

HotForex is one of the most popular and active brokers in Belize, with thousands of registered forex traders that use its services. HotForex has a very large market share in Belize despite the competition that it faces against other reputable and popular brokers. 

Belize citizens are not granted any specific privileges, but HotForex remains a popular choice because of its bonuses, promotions, tight spreads, range of trading accounts, and reliable trading software.

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

3. OctaFX

OctaFX is a forex trading broker and trading platform established in Saint Vincent and the Grenadines in 2011. 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 and accepts traders from all over the world except the United States.

OctaFX has more than 6.6 million registered forex traders from more than 100 different countries worldwide, according to trusted sources. According to reliable sources, there are between 250 and 500 employees who are currently working for OctaFX.

OctaFX charges a minimum deposit of $100 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 from $0.02

Where trade execution speed is concerned, forex traders can expect that 97.5% of trades will be executed within seconds. Regarding the website, platform, and client fund security OctaFX utilizes some of the best security protocols and measures to ensure client information, data, and fund safety.

  • Forex
  • Metals
  • Energies
  • Indices
  • Cryptocurrencies

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

  1. OctaFX trading application
  2. MetaTrader 4
  3. MetaTrader 5
  4. 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:

  1. Webinars
  2. Trading Calculator
  3. Live Quotes
  4. AutoChartist, and several others

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

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

In terms of currency types, OctaFX supports the use of either USD or EUR. When compared to other forex brokers, OctaFX offers the following unique sides and features:

  • Award-winning services, solutions, and platforms
  • A range of tradable financial instruments

OctaFX is one of the most active brokers in Belize, with a large market share and thousands of registered forex traders that use its services. OctaFX may not give Belize citizens any specific privileges, but the forex broker remains popular because of its award-winning services, client fund security, and fast trade execution speeds.

To get more information, you can read the OctaFX 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.

In terms of users, there are more than 300,000 registered forex traders, according to the official AvaTrade website. According to reliable sources, AvaTrade has more than 250 to 500 employees across the globe.

AvaTrade charges a minimum deposit of $100, and forex traders can expect these trading fees:

  • Spreads from 0.9 pips EUR/USD
  • Commission-free trading

Where trade execution speed is concerned, forex traders can expect trades to be executed within just a few seconds because of high liquidity, minimal slippage, and no requotes. Regarding website, platform, and client fund security AvaTrade is a world-class broker that has some of the best security features and a guarantee that client funds are kept safe.

Where tradable financial instruments are concerned, forex traders can expect 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
  • A contract 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 these regions:

  • Iran
  • The United States
  • Canada
  • Any other countries that are 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:

  • Wide range of trading options
  • Acceptance of most trading strategies
  • Advanced and helpful trading tools
  • Technical and fundamental analysis
  • AvaProtect, and many more.

AvaTrade is one of the most active forex brokers and platforms in Belize, with hundreds of registered traders that help AvaTrade make up for a significant portion of the market share. 

While Belize citizens are not given any preferential treatment or any privileges, Belize traders will find that AvaTrade caters to their unique trading needs and objectives, making AvaTrade a popular choice in Belize.

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

5. ExpertOption

ExpertOption is a forex trading broker and trading platform established in 2014 in Saint Vincent and the Grenadines. ExpertOption is not regulated by any known entity and has more than 700,000 registered forex traders, according to the official ExpertOption website. 

According to reliable sources, there are more than 50 employees currently working for ExpertOption. ExpertOption charges a minimum deposit of $10 when forex traders register a real account. 

When trading with ExpertOption, forex traders can expect tight and variable spreads and a range of commission-free trading options. Where trade execution speed is concerned, forex traders can expect trades to be executed within a few seconds because of the innovative trading technology used by ExpertOption. 

Regarding website, platform, and client fund security ExpertOption is not regulated by any known entity, and therefore client fund security cannot be guaranteed, even if ExpertOption claims to ensure that client funds are kept in segregated accounts with top-tier banks.

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

  • Forex
  • Stocks
  • Cryptocurrencies
  • Commodities
  • Indices
  • Metals

In terms of trading software and applications, ExpertOption offers forex traders with its proprietary trading platform that can be used either as a desktop application, WebTrader, or mobile app.

Regarding the research and training provided by ExpertOption, forex traders do not have a free newsletter or blog but are provided with the following:

  1. Technical analysis
  2. Graphical tools
  3. Fundamental analysis tools
  4. Economic calendar

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

  • Live chat
  • Email
  • Telephone
  • Several social media platforms

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

  • United States
  • Yemen
  • Iran
  • Russia
  • Indonesia
  • Bangladesh
  • Singapore
  • Puerto Rico
  • North Korea
  • Australia
  • New Zealand
  • European Economic Area (EEA)
  • Canada
  • Switzerland
  • Israel

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

  • USD
  • GBP
  • EUR, and several others.

When compared to other forex brokers, ExpertOption does not provide a range of unique solutions or features. ExpertOption offers basic trading functions and average trading conditions.

ExpertOption is not a very active broker in Belize despite the number of registered forex traders that the forex broker claims to have. Where the market share is concerned, ExpertOption faces a lot of competition against regulated, trusted brokers. Belize citizens are not provided with any privileges or special features.

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

6. XM

XM is a forex trading broker and trading platform that has been in operation since 2009. The CEO for XM is Constantinos Cleanthous, who has held the position for several years. XM is regulated by ASIC, CySEC, and IFSC, and it has a market capitalization that exceeds $14.26 billion, according to stock information.

In terms of users, there are more than 3.5 million registered forex traders and more than 450 employees who work for XM currently.

XM charges a minimum deposit of $5 when forex traders register a real account. When trading with XM, forex traders can expect the following trading fees:

  • Spreads from 0.0 pips EUR/USD, depending on market conditions
  • Commission-free trading on most financial instruments

Where trade execution speed is concerned, forex traders can expect that 99.35% of all trades are executed within a second. Regarding the website, platform, and client fund security XM is a trusted broker that uses robust security software, procedures, and protocol to ensure client fund security.

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

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

In terms of trading software and applications, XM supports the use of either MetaTrader 4 or MetaTrader 5 over web browsers, desktop applications, and mobile trading apps. 

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

  1. Forex Seminars Market Overview
  2. XM Research
  3. Trade-Ideas
  4. Technical Summaries
  5. Economic Calendar, and several others.

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

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

In terms of the service area, XM serves traders from around the world except for those from Israel, Iran, Canada, and the United States. In terms of currency types, XM supports the following currencies:

  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • ZAR

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

  • A range of dynamic account types
  • Comprehensive solutions for both beginners and professionals
  • A range of promotions and bonuses
  • Trusted, secure services

XM is a very active forex broker in Belize, with thousands of traders who have a live trading account. XM has a large market share in Belize despite the competition, and it is a popular broker for Belize citizens because of its unique solutions and services.

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

Forex Trading in Belize

Belize is a popular country for many forex brokers to set up operations because of its financial and economic stability. There is also a solid regulatory framework in place, and Belize enjoys a good reputation for the sphere of financial services.

Belize is also well-known for both international banks and payment providers because of this. There is licensing legislation implemented in the country that focuses specifically on forex brokers, ensuring that forex traders from around the world are safeguarded in their trading endeavors.

What should be known for Forex Trading in Belize

Forex trading in Belize is a lucrative activity, and to satisfy the expectations that investors and traders have, Belize provides an all-inclusive bundle of investment vehicles.

Because of an expansion in services, Belize has become an attractive place for forex brokers to set up shop. This has, in turn, drawn more investors to the country. 

As a result of the heightened interest in forex trading in Belize, the requirements for obtaining a license as the trading provider has strict criteria that must be fulfilled, ensuring that forex brokers are transparent in all their dealings and that forex traders can trust Belize-based forex brokers.

Who are the Forex Regulators in Belize?

The provision of regulation in Belize is overseen by the Central Bank of Belize as well as the International Financial Services Commission of Belize (IFSC).

Is Forex Trading legal in Belize?

Yes, forex trading is legal in Belize. It is a popular activity, with more young people who are using forex trading to secure a place in the financial markets through digital technology.

How many Forex Traders are there in Belize?

The precise number of forex traders in Belize is more than 10,000, while there are more than 400,000 forex traders based in Central America overall.

What do Belize’s citizens think about Forex Trading?

Belize’s citizens consider forex trading as a lucrative business and an important part of foreign investment to boost the economy.

Best Forex Brokers for Beginners in Belize

The best forex brokers for beginners in Belize are:

  1. AvaTrade
  2. XM
  3. HotForex
  4. IQ Option
  5. OctaFX

These brokers are the best for beginners because they offer a range of comprehensive trading guides, materials, and tools to help beginners.

Best Forex Brokers for Experts in Belize

The best forex brokers for Experts in Belize are:

  1. ExpertOption
  2. XM
  3. IQ Option
  4. OctaFX
  5. HotForex

These forex brokers are classified as the best for experts because of the innovative, advanced trading tools and technology that they offer to expert traders.

Best Forex Brokers for Other Countries

The best forex brokers for Mexico are:

  1. Tickmill
  2. Admirals
  3. FxPro
  4. FP Markets
  5. FXTM

The best forex brokers for Guatemala are:

  1. IC Markets
  2. eToro
  3. Alpari
  4. HotForex
  5. XM

The best forex brokers for Honduras are:

  1. FXPrimus
  2. Trading 212
  3. easyMarkets
  4. Pepperstone
  5. IronFX