Finding the best forex brokers in Belgium can be tricky – Belgium has one of the EU’s strictest retail-trading regimes (the FSMA’s 2016 regulation banned binary options and restricted many leveraged forex products marketed to retail clients), which is why many international brokers don’t accept Belgian retail clients.
Our team has researched the brokers that actually onboard Belgian retail clients in 2026, evaluating currency pairs, spreads, fees, platforms, and regulatory standing.
Whether you’re new to forex or an experienced trader, this guide will help you pick the right one. Let’s dive in.
Best forex brokers in Belgium
- Interactive Brokers: best overall – the widest range of currency pairs and the most advanced tools.
- Fusion Markets: best for the lowest forex spreads.
- Saxo: best for customer service and a clean, user-friendly platform.
- IG: best for educational and research materials.
- CMC Markets: best for low forex fees and free deposits/withdrawals.
Let’s take a closer look at the key characteristics before diving into each broker’s services in detail.
Forex brokers to avoid ❌
Prioritise safety – safe beats cheap. Investing and trading are long-term games, so choose a provider you can trust over many years. Always verify that the broker is licensed to operate with Belgian retail clients (the Belgian FSMA maintains a public list of authorised firms – and a separate warning list of unauthorised ones operating in Belgium).
Check our list of investment platforms and filter by “Not approved” for our list of platforms we don’t recommend. If you’re unsure about a specific platform, feel free to reach out – we’re happy to help.
Comparison of the Top Forex Brokers in Belgium
| Broker | IBKR | Fusion Markets | Saxo | IG | CMC Markets |
| Number of currency pairs | 100+ | 90+ | 190+ | 80+ | 330+ |
| Maximum retail leverage (EU/Belgium) | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 |
| Minimum deposit | €0 | €/$0 | €0 | €0 (bank transfer); €300 (card or PayPal) | €0 |
| Spreads starting at (pips)* | 0.1 (commission applies) | 0.0 (commission applies) | 0.6 (VIP tier) | 0.6 | 0.7 |
| Deposit methods | Bank transfer | Visa/Mastercard, PayPal, Skrill, Neteller, crypto, bank wire, and more | Bank transfer, credit/debit cards | Bank transfer, credit/debit cards, PayPal | Bank transfer, credit/debit cards, PayPal |
| Withdrawal fees | 1 free withdrawal per month, then small fee | €/$0 | €0 | €0 | €0 |
**Spreads vary with market conditions and account type. Commission-based accounts (IBKR, Fusion) typically show lower spreads but charge per-trade commissions; spread-only accounts show wider spreads but no separate commission.
You can check below the spreads of those brokers on the most used currency pairs.
Spread comparison
| Currency | IBKR | Fusion Markets | Saxo | IG | CMC Markets |
| EUR/USD | 0.1 | 0.03 | 0.7 | 0.6 | 0.7 |
| GBP/USD | 0.15 | 0.14 | 0.8 | 1.5 | 0.9 |
| AUD/USD | 0.5 | 0.10 | 0.6 | 0.9 | 0.7 |
| USD/JPY | 0.1 | 0.14 | 0.8 | 1.6 | 0.7 |
| USD/CAD | 1.0 | 0.11 | 0.9 | 2.1 | 1.3 |
| CAD/CHF | 0.5 | 0.41 | 0.6 | 2.5 | 1.4 |
| Gold (XAU/USD) | $0.09 | $0.11 | $0.10 | $0.30 | $0.30 |
| Silver (XAG/USD) | $0.007 | $0.008 | $0.028 | $0.020 | $0.025 |
Spreads are in pips (equal to 0.0001). Forex spreads expressed in pips (typical/starting); precious metals spreads expressed in USD per ounce. Figures reflect typical conditions and vary with volatility, account tier (e.g., commission-based vs spread-only), and time of day.
The spread in forex trading is the difference between the ask price and the bid price on a particular currency pair. Spreads are not fixed. They vary depending on the currency pair, liquidity, and market events. Brokers have the ability to increase or widen the bid-ask spread, which would result in an investor paying more when buying and getting less when selling. Accordingly, it is a key factor in selecting the best forex brokers.
Top Forex brokers in Belgium Reviewed
1# Interactive Brokers
Interactive Brokers at a glance
Interactive Brokers is one of the world’s largest online brokers – founded in 1978, listed on NASDAQ (ticker: IBKR), and regulated by multiple top-tier authorities including the SEC, FINRA, FCA, CBI, ASIC, MAS, SFC, and CIRO. Belgian clients are typically served by Interactive Brokers Ireland Ltd (Central Bank of Ireland), which provides EU passporting that covers Belgium.
IBKR sits at the top of our list of forex brokers in Belgium thanks to its wide range of currency pairs (100+ pairs across majors, minors, and exotics), strong research tools, and powerful trading platforms.
You can hold accounts in multiple base currencies (EUR, USD, GBP, and many more) with no minimum deposit, though funding is bank-transfer only. IBKR offers some of the tightest spreads in the industry, paired with a tiered commission structure that scales with your monthly trading volume. Below is a sample of typical spreads on major currency pairs (commission applies on top):
Interactive Brokers spreads on major currencies
| Currency pair | Typical spread |
| EUR/USD | 0.1 pips |
| GBP/USD | 0.15 pips |
| AUD/USD | 0.5 pips |
| USD/JPY | 0.1 pips |
| USD/CAD | 1.0 pips |
| CAD/CHF | 0.5 pips |
| XAU/USD (Gold) | $0.09 per ounce |
| XAG/USD (Silver) | $0.007 per ounce |
In addition to low spreads and margin rates, Interactive Brokers does not charge an inactivity fee, and you are entitled to one free withdrawal per month.
Finally, their trading platform, TWS (desktop version), is one of the best trading platforms with advanced features and a high degree of customisation. Moreover, they offer a web interface, IBKR GlobalTrader, and a mobile app that are also well-designed.
Interactive Brokers trading features
| Trading platforms | Trader Workstation (TWS), IBKR Desktop, Client Portal (web), IBKR Mobile, and IBKR GlobalTrader (simplified mobile app) |
| Limit orders | Yes |
| Stop-loss & take-profit orders | Yes |
| Negative balance protection | Yes (retail clients in the EU/EEA) |
| Guaranteed stop-loss | No |
We recommend you check out our comprehensive Interactive Brokers review.
2# Fusion Markets
Fusion Markets at a glance
74-89% of retail CFD accounts lose money.
Fusion Markets is an Australian-headquartered forex and CFD broker founded in 2017, with regulated entities in Australia (ASIC), Vanuatu (VFSC), and Seychelles (FSA). It accepts clients from most countries worldwide (notable exceptions include the US, Japan, New Zealand, and Spain). The broker offers access to 250+ products including forex, energy, precious metals, indices, US share CFDs, and crypto.
Fusion Markets is widely recognised for its industry-leading low spreads (it has won BrokerChooser’s “Lowest Spread Forex Broker” award multiple years running). Pricing comes via two account types:
- Zero Account: spreads from 0.0 pips, with a $2.25 per side commission (~$4.50 round-turn per standard lot on AUD and USD-denominated accounts).
- Classic Account: spreads from 0.9 pips, no separate commission – costs are embedded in the spread.
Below is a sample of typical spreads on major currency pairs (Zero Account):
Fusion Markets spreads on major currencies
| Currency pair | Typical spread |
| EUR/USD | 0.03 pips |
| GBP/USD | 0.14 pips |
| AUD/USD | 0.10 pips |
| USD/JPY | 0.14 pips |
| USD/CAD | 0.11 pips |
| CAD/CHF | 0.41 pips |
| XAU/USD (Gold) | $0.11 per ounce |
| XAG/USD (Silver) | $0.008 per ounce |
Fusion Markets doesn’t charge an inactivity fee, deposits are free, and withdrawals are typically free as well (one of the broker’s standout cost advantages).
The broker offers a strong selection of trading platforms across desktop, web, and mobile – including MetaTrader 4, MetaTrader 5, cTrader, and TradingView. All platforms provide customisable charting, fundamental and technical indicators, and intuitive interfaces. cTrader stands out with more advanced features like market depth visualisation and VWAP-based execution analytics.
Fusion Markets trading features
| Trading platforms | MetaTrader 4, MetaTrader 5, cTrader, and TradingView |
| Limit orders | Yes |
| Stop-loss & take-profit orders | Yes |
| Negative balance protection | Yes (varies by entity – strongest under ASIC; offshore entities offer it as a policy rather than a regulatory requirement) |
| Guaranteed stop-loss | No |
For a deeper dive, check our comprehensive Fusion Markets review.
3# Saxo Bank
Saxo Bank at a glance
62% of retail CFD accounts lose money.
Saxo is a Danish bank with a global presence, offering an institutional-grade online trading platform that gives access to forex alongside one of the broadest multi-asset product ranges in the industry. Founded in 1992 in Copenhagen and now serving over 1.4 million clients worldwide, Saxo was majority-acquired by the Swiss private bank J. Safra Sarasin in 2025 – reinforcing its long-term institutional stability.
Forex spreads at Saxo start at 0.6 pips on the Classic account (tightening on Platinum and VIP tiers), with more than 190 currency pairs available for trading. There’s no minimum deposit on the Classic tier (the minimum was removed in 2024), and accounts can be funded via bank transfer or credit/debit card.
Saxo spreads on major currencies
| Currency pair | Typical spread (Classic account) |
| EUR/USD | 0.9 pips |
| GBP/USD | 1.0 pips |
| AUD/USD | 0.7 pips |
| USD/JPY | 1.1 pips |
| USD/CAD | 1.2 pips |
| CAD/CHF | 0.7 pips |
| XAU/USD (Gold) | $0.13 per ounce |
| XAG/USD (Silver) | $0.033 per ounce |
Spreads tighten further on the Platinum and VIP account tiers, with spreads going down to as little as 0.4 pips on EUR/USD for VIP clients.
Compared to many other brokers, Saxo is known for its unified SaxoTrader platform (consolidated in 2025), available on web, mobile, and a downloadable professional client. It offers strong fundamental and technical analysis tools, a comprehensive account overview, and extensive charting. For newer investors, the simpler SaxoInvestor app provides a more streamlined experience.
Saxo trading features
| Trading platforms | SaxoTrader (web, mobile, professional desktop client), SaxoInvestor (simplified mobile app) |
| Limit orders | Yes |
| Stop-loss & take-profit orders | Yes |
| Negative balance protection | Yes (retail clients in the EU/EEA) |
| Guaranteed stop-loss | No |
4# IG
IG at a glance
67% of retail CFD accounts lose money.
IG is another strong contender on our list of the best forex brokers in Belgium. Founded in 1974 and listed on the London Stock Exchange (ticker: IGG) as a constituent of the FTSE 250, IG is one of the oldest and most established CFD and forex brokers globally, with over 340,000 active clients across 17 markets. The group is regulated by multiple top-tier authorities including the FCA (UK), BaFin (Germany), CySEC (Cyprus), ASIC (Australia), MAS (Singapore), JFSA (Japan), and FINMA (Switzerland).
IG gives you access to more than 80 currency pairs, with spreads starting at 0.6 pips on EUR/USD. The platform is well-suited to both beginners and experienced traders.
IG Academy offers an extensive library of free educational content – structured courses, video lessons, and webinars – and is widely regarded as one of the strongest educational suites in the industry. The IG News and Analysis section provides professional market commentary and event-driven insights to help you stay informed.
IG spreads on major currencies
| Currency pair | Typical spread |
| EUR/USD | 0.6 pips |
| GBP/USD | 1.5 pips |
| AUD/USD | 0.9 pips |
| USD/JPY | 1.6 pips |
| USD/CAD | 2.1 pips |
| CAD/CHF | 2.5 pips |
| XAU/USD (Gold) | $0.30 per ounce |
| XAG/USD (Silver) | $0.020 per ounce |
The minimum deposit is €300 when funding via PayPal or credit/debit card; there’s no minimum for bank transfers. IG offers a strong range of trading platforms tailored to different experience levels, including its own proprietary web platform and the popular MetaTrader 4 for active forex traders.
IG trading features
| Trading platforms | IG web platform, IG mobile app, IG Progressive Web App (PWA), MetaTrader 4 (MT4), ProRealTime (PRT), TradingView, L2 Dealer (DMA) |
| Limit orders | Yes |
| Stop-loss & take-profit orders | Yes |
| Negative balance protection | Yes (retail clients in the EU/EEA) |
| Guaranteed stop-loss | Yes (premium charge applies if triggered) |
IG doesn’t charge deposit or withdrawal fees, but charges a €14 monthly inactivity fee if your account has been inactive for more than 24 months. Active traders should also note IG’s clean fee structure and tight FX execution typically translate into strong all-in trading costs.
5# CMC Markets
CMC Markets at a glance
69% of retail CFD accounts lose money.
CMC Markets is a global CFD and forex broker founded in 1989 and listed on the London Stock Exchange (ticker: CMCX) as a constituent of the FTSE 250. The group now serves more than 300,000 active clients globally and gives access to over 330 currency pairs – one of the broadest forex offerings in the industry. CMC is regulated by multiple top-tier authorities including the FCA (UK), BaFin (Germany), ASIC (Australia), MAS (Singapore), CIRO (Canada), and FMA (New Zealand).
CMC Markets spreads on major currencies
| Currency pair | Typical spread |
| EUR/USD | 0.7 pips |
| GBP/USD | 0.9 pips |
| AUD/USD | 0.7 pips |
| USD/JPY | 0.7 pips |
| USD/CAD | 1.3 pips |
| CAD/CHF | 1.4 pips |
| XAU/USD (Gold) | $0.30 per ounce |
| XAG/USD (Silver) | $0.025 per ounce |
CMC’s proprietary Next Generation platform is highly customisable and available in multiple languages on web and mobile, alongside MetaTrader 4 (MT4) and TradingView integration. The broker has also partnered with Morningstar for research and analysis content, which adds genuine depth to the platform’s research suite.
CMC Markets trading features
| Trading platforms | Next Generation web platform, CMC Markets mobile app, MetaTrader 4 (MT4), TradingView integration |
| Limit orders | Yes |
| Stop-loss & take-profit orders | Yes |
| Negative balance protection | Yes (retail clients in the EU/EEA) |
| Guaranteed stop-loss | Yes (premium charge applies if triggered) |
CMC Markets is an ideal broker if you want to reduce trading costs – it offers tight spreads, free deposits and withdrawals, and supports up to 10 base currencies. You can fund your account via credit/debit card, bank transfer, or PayPal. On the downside, an inactivity fee of €10/month applies after 12 months without trading activity.
What makes a good forex broker?
Whether you’re a beginner or an experienced trader, several factors should be weighed up when choosing a forex broker. The most important ones:
- Regulation: the single most important factor. Never deposit funds with a broker that isn’t authorised by a recognised regulator. For Belgian retail clients specifically, check that the broker is licensed by the FSMA or by an EU regulator with passporting rights (FCA, BaFin, CySEC, etc.), and verify the entity that will actually serve your retail account – not just the headline regulator on the broker’s website.
- Investor protection: verify whether your funds would be covered by a statutory compensation scheme (€20,000 under the ICF for CySEC-regulated entities, €100,000 for Belgian-bank deposits under the Garantiefonds, £85,000 under the FSCS for FCA-regulated firms). Offshore-regulated entities typically offer no statutory protection.
- Costs: compare spreads, commissions (per side and round-turn), overnight financing/swap rates, FX conversion fees, and any inactivity charges. The all-in cost matters more than any single headline rate.
- Trading platforms and tools: check whether the broker supports MetaTrader 4/5, cTrader, TradingView, or its own proprietary platform – and whether the platform suits your trading style and experience level.
- Deposit and withdrawal options: a good broker offers multiple deposit methods (bank transfer, card, PayPal, Skrill) with low or no fees.
- Negative balance protection: required for EU retail clients under ESMA rules, but worth confirming is in place at the entity serving you.
Bottom line
Identifying the best forex brokers in Belgium can be time-consuming – the universe of brokers that genuinely onboard Belgian retail clients (and that operate under top-tier EU regulation rather than offshore entities) is meaningfully narrower than in larger EU markets. Our analysts have done the work and pulled together our recommendations above.
To find which broker might suit you best, try our Help Me Choose tool. You can also explore our comparison table for a detailed feature-by-feature breakdown of major brokers globally, our in-depth broker reviews, and our YouTube channel for step-by-step educational content.
We hope this article saves you research time. Always conduct your own due diligence, and consider using a demo account first to test the platform and practise risk-free before committing real capital.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Forex and CFD trading involves significant risk – a majority of retail investor accounts lose money trading CFDs. Always verify a broker’s regulatory status in Belgium (FSMA-authorised or under EU passporting) and the entity that will serve your retail account before depositing funds.
FAQs
Is Forex trading legal in Belgium?
Yes, Forex trading is legal in Belgium.
How to trade Forex in Belgium?
First, you have to open an account with a Forex broker in order to get access to the Forex market. Then, you need to analyse the markets using fundamental or technical analysis, depending on your trading strategy. After that, you can place your trades in line with your analysis.
Is XTB available in Belgium?
Unfortunately, XTB is not available in Belgium. However, we listed several Forex brokers in this article that accept Belgian traders.
Can I trade Forex in Belgium with €10? And €100?
Yes, you can trade Forex with amounts as low as €100 or even €10. We have listed in this article a few brokers that do not require any minimum amount to start trading. But the trade size will be small.
