Best Forex Brokers in Belgium for 2024

Top Forex brokers in Belgium Reviewed

Founded in 1978, Interactive Brokers is one of the largest international brokers listed on the NASDAQ exchange (Ticker: IBKR) and regulated by many international top-tier regulators. They are at the top of our list of the best Forex brokers in Belgium for their wide range of currency pairs, great research tools and their advanced trading platforms.

There are several account base currencies at Interactive Brokers without any minimum required amount, but the only way to fund them is through a bank wire transfer. They offer one of the tightest spreads on Forex, but you are subject to a tiered commission based on the monthly volume of your trading activity. Below is a sample of the spreads applied to major currency pairs:

Interactive Brokers spreads on major currencies

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.

Founded in 2017,  Fusion Markets is a Forex and CFD broker with offices in Australia, Vanuatu and the Seychelles, but it accepts clients from most countries worldwide (exceptions include the US and New Zealand). The broker offers access to 250+ products, including Forex and CFDs on Energy, Precious Metals, Equity Indices, US stocks and Crypto.

On AUD and USD currencies, the commissions offered are $2.25 per side commission, so a standard lot will be $4.50. On the “Zero Account”, spreads start from 0.0 and on the “Classic Account”, the spreads start at 0.9. The main difference between the two is that the latter includes your commissions in each trade. Below is a sample of the spreads applied to major currency pairs:

Fusion Markets spreads on major currencies

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, Fusion Markets offers several investment platforms in desktop, web and mobile apps, namely MetaTrader 4 and 5, and cTrader. All platforms give you customisable charts, fundamental and technical indicators and an intuitive interface. cTrader presents more advanced market depth options like price depth and VWAP depth.

Saxo Bank is a Danish bank with a global presence, offering an online trading platform that gives you access to Forex trading like any other broker. It was established in 1992 and has more than 850,000 clients around the world. Forex spreads at Saxo Bank are relatively low, starting at 0.6 pips for classic accounts, and there are more than 190 currency pairs available for trading. You can open an account with as little as €1 and fund it with a bank wire transfer, a credit card, or a debit card.

Saxo Bank spreads on major currencies

The spread depends on the type of account that you choose and the market that you trade on.

Compared to other brokers, Saxo Bank is widely known for its user-friendly trading platform, SaxoTraderGo, which provides fundamental and technical analysis tools, a comprehensive account overview, and an extensive charting package. They also give experienced traders access to SaxoTraderPRO, a more sophisticated trading platform that can be fully customized across six screens.

IG is another broker included in our list of the best forex brokers in Belgium. IG Group was founded in 1974, has its headquarters in London, and is listed on the London Stock Exchange. They give you access to trade more than 80 currency pairs, and spreads start at 0.6 pips. It is perfect for both beginners and professional traders. For instance, the IG Academy offers free instructional resources that can help you advance your understanding of financial markets and trading abilities while also providing professional insights through their news and analysis section that keeps you updated on market-moving events.

IG spreads on major currencies

The required minimum deposit is €300 if you fund your account by PayPal, a credit card, or a debit card, while there is no minimum deposit for bank transfers. You can trade Forex using the well-known MetaTrader 4 (MT4) trading platform or any of the other trading platforms that are tailored to each user’s trading requirements.

CMC Markets (CMC) is a global CFD and Forex broker that was established in 1989 and is listed on the London stock exchange. It currently serves more than 300,000 clients globally and gives access to over 330 currency pairs.

CMC Markets spreads on major currencies

CMC Markets has its own web platform and mobile app available in many languages, which are highly customisable to fit your needs. Alternatively, you can use the well-known MetaTrader 4 (MT4) as well.