Best Forex brokers for beginners in Belgium in 2024

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76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.

7.19

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TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.

8.5

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FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.

8.48

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Deriv is a broker for beginners and professional traders who prefer to make trades on their own, as well as use auxiliary programs for more efficient trading.

6.49

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The trading conditions provided by the company are not suitable for beginners and are more focused on professional traders.

Best forex brokers for beginners in Belgium in 2024

	FBS	TeleTrade	FxPro	Deriv	Gerchik&Co
Trading platform	MetaTrader 4, MetaTrader 5, FBS Trader	MT4, МТ5	MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge	Deriv MT5, Deriv X, Deriv Trader, SmartTrader, Deriv bot	MetaTrader 4, MetaTrader 5, Mobile Platforms
Min deposit	$1	$1	$100	$5	$100
Leverage	From 1:1 to 1:2000	From 1:1 to 1:10	From 1:1 to 1:500	From 1:1 to 1:1000	From 1:1 to 1:100
Trust management	No	No	No	No	Yes
Accrual of % on the balance	0.00%	0.00%	0.00%	0.00%	0.00%
Spread	From 0.2 points	From 0.8 points	From 0.0 points	From 0.0 points	From 0.0 points
Level of margin call / stop out	40% / 20%	70% / 20%	25% / 20%	100% / 50%	100% / 50%
Execution of orders	Market Execution	Market Execution, Instant Execution	Market Execution	Market Execution	Market Execution
No deposit bonus	$5	No	No	No	No
Cent accounts	Yes	No	No	No	No

There are certain specifics in trading, which novice traders residing in the territory of Belgium need to know about:

Novice traders need educational courses. The bigger the educational blocks, the more useful knowledge you will gain.
Take notice of the availability of a demo account or a cent account. Traders can use these accounts to practice without considerable costs. A demo account allows you to work with virtual money, and a cent account - with micro lots, where your profit or loss amounts to just several dollars or even cents.
When choosing a broker, it is important to evaluate its fees schedule. Novice traders should check out the fees on cent or basic accounts.
If a novice trader professes Islam, he needs to make sure that an Islamic account is available. it is a special swap-free account that does not violate the Sharia law.

1
Best Forex broker for beginners in Belgium - FBS

FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.

👍 Advantages of trading with FBS for traders from Belgium:

•negative balance protection;

•a large selection of trading instruments;

•the support service works 24/7.

👎 Disadvantages of FBS for traders from Belgium:

•no cryptocurrency;

•auto copying is not available;

•no PAMM accounts;

•not suitable for short-term trading, such as scalping;

•the support service works in a limited number of languages;

•only two real accounts.

FBS Commissions & Fees for traders from Belgium

FBS charges trading fees. The fees are charged as the spread. In the fees review for traders from Belgium, you can learn about their rates depending on the account type.

FBS Commissions and Fees in Belgium

Account type	Spread (minimum value)	Withdrawal commision
Standard	From $1.7	No
Cent	From $1.3	No

Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

2
Best Forex broker for beginners in Belgium - TeleTrade

TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.

👍 Advantages of trading with TeleTrade for traders from Belgium:

•detailed analytical section;

•informative educational section.

👎 Disadvantages of TeleTrade for traders from Belgium:

•no PAMM accounts or other money management options;

•a small range of trading instruments;

•few withdrawal options;

•support is available 24/5;

•withdrawals delayed;

•technical support responds slowly;

•sometimes it takes a long time to verify data.

TeleTrade Commissions & Fees for traders from Belgium

TeleTrade charges trading fees. The fees are charged as the spread. In the fees review for traders from Belgium, you can learn about their rates depending on the account type.

TeleTrade Commissions and Fees in Belgium

Account type	Spread (minimum value)	Withdrawal commision
Standard ECN	$17	No
Professional NDD	$9	No
Sharp ECN CENT	$2	No
Cryptocurrency account	$3

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3
Best Forex broker for beginners in Belgium - FxPro

FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.

👍 Advantages of trading with FxPro for traders from Belgium:

•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;

•insurance of client funds at the expense of the broker participation in an investor compensation fund;

•beginner traders will be able to access tested advisors;

•a full package of services is available to the client regardless of the balance of his account;

•VIP account holders are offered a personal manager and get a Free VPS;

•company capital exceeds 100 million euros;

•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;

•the reliable trading environment provided by the competent educational and research department.

👎 Disadvantages of FxPro for traders from Belgium:

•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;

•difficulties registering in an affiliate program.

FxPro Commissions & Fees for traders from Belgium

FxPro charges trading fees. The fees are charged as the spread. In the fees review for traders from Belgium, you can learn about their rates depending on the account type.

FxPro Commissions and Fees in Belgium

Account type	Spread (minimum value)	Withdrawal commision
FxPro MT4 Instant	From $10	0
FxPro MT4 Fixed	From $5	0
FxPro MT5	From $5	0
FxPro cTrader	From $3	0
FxPro Platform	From $1	0

Your capital is at risk.

4
Best Forex broker for beginners in Belgium - Deriv

Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are Deriv bot and Deriv MT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: Vanuatu Financial Services Commission (VFSC, 14556), Malta and Labuan Financial Services Authority (MFSA, 71479 and Labuan FSA, MB/18/0024), BVI FSC (SIBA/L/18/1114). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.

👍 Advantages of trading with Deriv for traders from Belgium:

•Low level of the minimum deposit.

•A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds.

•Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc.

•Broker regulation by several authorities from different countries.

•Round-the-clock client support.

•Choice of three convenient trading platforms.

•No commission for maintaining a trading account and using its platforms.

👎 Disadvantages of Deriv for traders from Belgium:

•The tutorials provided on the site may not be enough for novice traders.

•Deriv has only a few ways to contact support.

•The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others.

Deriv Commissions & Fees for traders from Belgium

Deriv charges trading fees. The fees are charged as the spread. In the fees review for traders from Belgium, you can learn about their rates depending on the account type.

Deriv Commissions and Fees in Belgium

Account type	Spread (minimum value)	Withdrawal commision
Real account	From $1	Yes - established by trading platform and payment system

Your capital is at risk.

5
Best Forex broker for beginners in Belgium - Gerchik&Co

Gerchik&Co was founded in 2015 by Ukrainian traders Oleksandr Gerchik and Ivan Kroshny and began operations in July of that year. Initially, it focused on the Commonwealth of Independent States (CIS, a Post-Soviet Union regional intergovernmental organization consisting of 9 countries in Eurasia) before expanding to the European level.
In November 2015, Gerchik&Co was recognized as the "Fastest Growing Broker" by the Mena 15th Forex Show. Based on the results of an independent vote by Russian Trading Day Money, the company received the "Breakthrough of the Year" award in December 2015, and Oleksandr Gerchik obtained the title of "Best Speaker" in the same month. To protect its clients' interests, the company also cooperates with the Traders Union and the International Financial Commission.

👍 Advantages of trading with Gerchik&Co for traders from Belgium:

•more than 360 trading instruments;

•permission to use expert advisors and other tools for technical analysis and trade automation;

•high order execution and market operation speed, achieved through collaboration with 15 liquidity providers.

👎 Disadvantages of Gerchik&Co for traders from Belgium:

•a high minimum deposit of $100, which is inaccessible to beginners.

•MetaTrader 4 and MetaTrader 5 trading platforms;

•no apps for mobile trading, only the mobile version of the website is available.

•small leverage — 1:100;

•many quotes provided by the broker are inaccurate;

•strict user conditions in the Terms of Agreement;

•trading on weekends is not possible.

Gerchik&Co Commissions & Fees for traders from Belgium

Gerchik&Co charges trading fees. The fees are charged as the spread. In the fees review for traders from Belgium, you can learn about their rates depending on the account type.

Gerchik&Co Commissions and Fees in Belgium

Account type	Spread (minimum value)	Withdrawal commision
Zero	from $10	No
Mini	from $10	No
Simple	from $10	No
Silver	from $9	No
Gold	from $8	No
Platinum	from $7	No