Best Forex Brokers in Belarus 2024

Last updated Mar 2, 2024
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In 2024, the Forex market in Belarus offers traders a diverse selection of companies, each with unique features and offerings. Our Top 10 list of the best Forex brokers in Belarus, formed based on strict evaluation criteria, will help you choose the optimal platform that matches your trading strategies and ensures the reliability and protection of your investments.

Top-10 Best Forex Brokers in Belarus

Логотип IC Markets
1
Foundation Year
2007
Minimum Deposit
$ 200
4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsIC Markets review18 reviews about IC Markets
Логотип FxPro
2
Foundation Year
2006
Minimum Deposit
$ 100
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsFxPro review
Логотип AMarkets
3
Foundation Year
2007
Minimum Deposit
$ 100
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsAMarkets review
Логотип XM
4
Foundation Year
2009
Minimum Deposit
$ 5
4.2/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsXM review
Логотип InstaForex
5
Foundation Year
2007
Minimum Deposit
$ 1
4.2/5
Register71.99% of retail investors lose money when trading CFDs with this brokerInstaForex review16 reviews about InstaForex
Логотип Libertex
6
Foundation Year
1996
Minimum Deposit
$ 10
4.1/5
Register73.77% of retail investors lose money when trading CFDs with this brokerLibertex review
Логотип Alpari
7
Foundation Year
1998
Minimum Deposit
$ 20
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsAlpari review5 reviews about Alpari
Логотип Grand Capital
8
Foundation Year
2006
Minimum Deposit
$ 10
4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsGrand Capital review
Логотип Gerchik & Co
9
Foundation Year
2015
Minimum Deposit
$ 100
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsGerchik & Co review
Логотип NPBFX
10
Foundation Year
2016
Minimum Deposit
$ 10
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsNPBFX review

We have conducted a thorough analysis of numerous companies and selected those that have proven their reliability and offer convenient trading conditions in Belarus. Below, you will find reviews of the best Forex brokers in Belarus, which will guide you in choosing a reliable partner.

Our reviews provide all the necessary information about each broker, including a detailed analysis of their services and feedback from traders who have already used their offerings. Whether you are a beginner in currency trading or an experienced trader searching for the ideal broker, our recommendations will help you make the right decision and ensure the success of your investment initiatives in the financial markets.

1. IC Markets

Логотип IC Markets
1
4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsETFPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4cTrader
Deposit/withdrawal:
Логотип PayPal
Логотип Neteller
Логотип Skrill
Логотип Bpay
Логотип FasaPay
Логотип Klarna
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип UnionPay
Логотип POLi
Логотип Rapidpay
compare IC Markets trading accounts

IC Markets is suitable for traders looking for low spreads and ECN accounts and the ability to scalp and use expert advisors.

Advantages of IC Markets

  • Regulation. IC Markets is regulated by two serious financial regulators, ASIC and CySEC, which guarantees client funds protection and trading conditions fairness.
  • A wide range of trading instruments. IC Markets clients can trade various assets, including currency pairs, stocks, indices, commodities, and cryptocurrencies.
  • Low spreads. IC Markets offers some of the lowest spreads on the market, making trading more accessible and cost-effective.
  • MetaTrader and cTrader platforms. These platforms are widely recognized for their advanced trading features and analysis tools.
  • Educational materials. The broker offers high-quality training materials suitable for beginners and experienced traders.
  • Efficient customer support service. IC Markets clients note the high level of customer support service, which responds quickly and professionally to problems and questions.

Disadvantages of IC Markets

  • High minimum deposit. The entry threshold for opening a trading account with IC Markets is relatively high and may be inconvenient for novice traders or those who do not want to invest large sums at once.
  • A limited number of withdrawal options. The options for withdrawing funds from IC Markets are limited, which may cause inconvenience, especially for clients who prefer specific payment systems.

2. FxPro

Логотип FxPro
2
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип UnionPay
compare FxPro trading accounts

FxPro is suitable for traders looking for a reliable company with good trading conditions and a wide selection of instruments.

Advantages of FxPro

  • Various trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge, provide flexibility and convenience in trading.
  • A diverse range of available markets and products, including currency pairs, CFDs on indices, stocks, commodities, futures, and cryptocurrencies.
  • Analytical tools, including signals from Trading Central and Autochartist functionality.
  • Extensive educational materials, including free courses, articles, videos, and webinars, contribute to the development of traders.

Disadvantages of FxPro

  • An inactivity fee is charged after six months of no position opening or closing.
  • Average trading commissions. FxPro does not have the tightest spreads in the market and not the most minuscule trading commission per transaction.
  • Absence of cent accounts and services for copying trades of successful traders.

3. AMarkets

Логотип AMarkets
3
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип Neteller
Логотип FasaPay
Логотип Bank Transfer
Логотип Система быстрых платежей (СБП)
Логотип Visa
Логотип Mastercard
Логотип Мир
Логотип HUMO
compare AMarkets trading accounts

AMarkets is suitable for independent traders and investors due to various accounts, narrow spreads, and the possibility of engaging in copy trading.

Advantages of AMarkets

  • A wide range of trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies.
  • Extensive analytical capabilities using modern tools and trading robots.
  • No commissions on many operations.
  • Convenience and simplicity of opening an account and managing it.

Disadvantages of AMarkets

  • Not the most extensive educational materials. The broker offers essential resources such as a blog and FAQ but lacks deeper educational content such as webinars, courses, etc.
  • The broker does not offer a trading platform, which may disadvantage those seeking a unique trading solution.
  • On some assets, spreads are higher than those of competing Forex brokers.

4. XM Group

Логотип XM
4
4.2/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksCommodities
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Neteller
Логотип Skrill
Логотип WebMoney
Логотип Perfect Money
Логотип SticPay
Логотип Visa
Логотип Mastercard
compare XM trading accounts

Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.

Advantages of XM

  • Wide range of trading instruments. Over 1500 items, including currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies.
  • Extensive educational resources. Including webinars, video tutorials, and online classes for traders of all levels.
  • Tight spreads on the Ultra Low account. Spreads below market average, and no swaps on many currency pairs.
  • Many analytical materials. The broker offers a wide range of tools and materials for market analysis.
  • Commission-free deposits and withdrawals. Many available methods without commissions.

Disadvantages of XM

  • Inconsistency in technical support. Customer reviews indicate a mismatch in service quality and inefficiency of solutions.
  • Inactivity fee. A charge is levied for account inactivity after 12 months.
  • Absence of cryptocurrencies as deposit/withdrawal methods. Limits options for those who prefer to use cryptocurrencies.
  • Some accounts have higher than average spreads. For example, the Standard account has a higher spread than the market average.

5. InstaForex

Логотип InstaForex
5
4.2/5
Register71.99% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4InstaForex Webtrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип YooMoney
Логотип PayCo
Логотип AstroPay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare InstaForex trading accounts

InstaForex is suitable for beginner traders looking for simple conditions and education but may be unsuitable for professionals with large deposits due to wide spreads and low liquidity.

Advantages of InstaForex

  • Large selection of trading instruments.
  • PAMM accounts and the ForexCopy automatic trade copying service for passive income.
  • 24/7 efficient customer support.
  • Wide range of methods for depositing and withdrawing funds.
  • Decent analytical section.

Disadvantages of InstaForex

  • Trading commissions are above average.
  • No trading accounts with market execution of orders (ECN or STP).
  • Broker commission on fund withdrawals.

6. Forex Club Libertex

Логотип Libertex
6
4.1/5
Register73.77% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersAgricultural CommoditiesIndicesBonds
Trading Platforms
LibertexMetaTrader 4MetaTrader 5
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Jeton
Логотип WebMoney
Логотип VLoad
Логотип Bank Transfer
Логотип Visa
Логотип Mastercard
Логотип Maestro
compare Libertex trading accounts

Broker Libertex suits beginners and experienced traders who value educational resources and various instruments.

Advantages of Libertex

  • Reliability and regulation.
  • Tight spreads and attractive trading conditions.
  • Wide selection of trading instruments.
  • Rich selection of educational materials and analytics.

Disadvantages of Libertex

  • Absence of specialized accounts - such as Islamic accounts and accounts for passive investing.
  • High swaps and inactivity fee.
  • No email address provided for support contact and no chat on the website. The only quick way to contact support is by phone, which may be inconvenient for some traders.

7. Alpari

Логотип Alpari
7
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyPrecious MetalsEnergy CarriersStocks
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип VLoad
Логотип AdvCash
Логотип WebMoney
Логотип Касса24
Логотип Neteller
Логотип Wallet One
Логотип Skrill
Логотип TC Pay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Alpari trading accounts

Alpari is suitable for both beginners and professional traders, thanks to a wide selection of accounts, instruments, and educational programs.

Advantages of Alpari

  • A wide range of trading accounts. Broker Alpari offers a variety of trading accounts suitable for different types of traders and investors.
  • Flexible conditions for depositing and withdrawing funds. Broker Alpari provides flexible and competitive conditions for depositing and withdrawing funds.
  • Diversity of trading platforms. Alpari offers a variety of trading platforms that meet the needs of most traders.
  • Effective technical support. Alpari provides user support at all stages of service.

Disadvantages of Alpari

  • Licensing. Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
  • Fees for fund withdrawal and inactivity charges. Alpari may charge fees for fund withdrawal and inactivity, which can be off-putting for some clients.
  • Limited choice in terms of different asset classes. Although broker Alpari offers a wide selection of assets for trading, some competitors offer a greater variety in terms of different asset classes.

8. Grand Capital

Логотип Grand Capital
8
4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesETFStocksBondsPrecious MetalsEnergy CarriersAgricultural CommoditiesCryptocurrency
Trading Platforms
MetaTrader 4WebTraderMetaTrader 5
Deposit/withdrawal:
Логотип Perfect Money
Логотип PayRedeem
Логотип Credit and Debit Cards
compare Grand Capital trading accounts

Grand Capital is suitable for both beginners and experienced traders. A wide selection of instruments, bonuses, and education make it attractive for different levels of traders

Advantages of Grand Capital

  • Diversity of account types. Grand Capital offers an extensive selection of account types, allowing clients to choose the most suitable for their trading strategies and preferences.
  • Tight spreads. The broker provides competitive spreads, especially on major currency pairs, making trading more profitable.
  • Markets and products. Grand Capital features a wide range of trading instruments, including Forex, stocks, commodities, indices, and cryptocurrencies.
  • Support. Grand Capital provides multilingual support 7 days a week, 24 hours a day, ensuring prompt assistance to clients with any issues.

Disadvantages of Grand Capital

  • Regulation. Although the company is registered in the Seychelles, it is not regulated by leading financial regulators such as the FCA in the UK or ASIC in Australia, which may raise certain concerns among clients.
  • High fees. In addition to spreads, Grand Capital has other fees, such as the overnight position rollover fee (swap), which can increase the overall cost of trading.
  • Lack of MetaTrader alternatives. While MetaTrader 4 and MetaTrader 5 are widely used and recognized by traders, some clients may look for brokers offering alternative platforms, such as cTrader or proprietary developments.

9. Gerchik & Co

Логотип Gerchik & Co
9
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип AdvCash
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
compare Gerchik & Co trading accounts

Gerchik & Co is suitable for beginner traders, thanks to qualified support and good educational courses

Advantages of Gerchik & Co

  • Transparent information about the broker's owners.
  • A large number of trading accounts.
  • Decent services that can help improve Forex trading.
  • Educational courses, webinars, analytics.
  • Opportunity for passive income on TIMA accounts.
  • Contests on demo accounts and broker promotions.

Disadvantages of Gerchik & Co

  • High commission for transactions on certain types of accounts.
  • The website and personal account area may seem inconvenient (according to reviews).
  • High deposit requirements for training or using services.

10. NPBFX

Логотип NPBFX
10
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksCommodities
Trading Platforms
MetaTrader 4
Deposit/withdrawal:
Логотип WebMoney
Логотип Qiwi
Логотип YooMoney
Логотип Moneta.ru
Логотип FasaPay
Логотип Skrill
Логотип Neteller
Логотип AdvCash
Логотип Perfect Money
Логотип Payoma
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Альфа Банк
Логотип Промсвязьбанк
Логотип Русский Стандарт
Логотип Faktura.ru
Логотип Почта Банк
compare NPBFX trading accounts

NPBFX is ideal for traders who value STP accounts, education, MetaTrader 4, participation in contests, and a decent selection of markets and products

Advantages of NPBFX

  • A rich selection of analytical tools and resources, including an exclusive analytical portal and a news feed from Dow Jones.
  • Extensive education section, offering various video courses, e-books, and other educational materials.
  • A variety of account types cater to the needs of different categories of traders.
  • Numerous available methods for depositing and withdrawing funds provide convenience for clients.

Disadvantages of NPBFX

  • High commission per trade on the Zero account.
  • Lack of alternatives to the MetaTrader 4 platform, which may limit options for some traders.
  • Regulation in an offshore jurisdiction, which may pose certain risks for clients.

How the List of Top Forex Brokers in Belarus Was Compiled

The selection of leading Forex brokers in Belarus was based on critical evaluation criteria:

  1. The brokers were selected using our Forex broker list, which reflects their market position and reputation.

  2. Brokers included in the list demonstrate high performance according to our evaluation methodology.

  3. Each company represented in the ranking provides services available to traders from Belarus.

These criteria ensure that the selected brokers meet strict standards of operability and provide conditions that are critically important for secure and effective Forex trading.

Regulation of Forex Brokers in Belarus

In Belarus, the activities of Forex brokers are regulated by the National Bank of the Republic of Belarus (NBRB), which sets standards for licensing and supervision. Licensing from the NBRB is a sign of reliability and compliance with local laws. However, many international brokers also offer their services to Belarusian traders without an NBRB license.

Our list features the best international brokers recognized as conscientious and reliable in the Forex world, serving clients from Belarus while adhering to high service and security standards.

How to Choose a Reliable Forex Broker

Selecting the right Forex broker is fundamental to trading in the international currency market. To make an informed choice, it's crucial to thoroughly assess the criteria that match your individual needs and trading style. The absence of drawbacks that could hinder your trading is also vital. When choosing a Forex broker, consider the following aspects:

  1. Broker Regulation. Prefer brokers regulated by authoritative organizations like the NBRB, FCA, ASIC, CySEC, as it ensures the reliability and legality of their operations.

  2. Account Types. Evaluate the types of Forex accounts the broker offers and whether they match your trading experience and capital, to ensure the most suitable trading conditions.

  3. Trading Platforms. Choosing a broker that provides convenient and functional trading platforms that meet your requirements is essential.

  4. Trading Conditions. Analyze spreads, commissions, minimum deposits, and available lot sizes to ensure they align with your goals and trading style.

  5. Customer Support. Ensure that the support service is efficient and available through communication channels convenient for you.

You can confidently select a Forex broker that meets all your requirements using these guidelines. Opening a demo account can help you assess the quality of services of a potential broker before starting actual trading.

Conclusion

Choosing the right Forex broker is critically important for success in the currency market. Critical aspects of the choice are the broker's reputation, regulation, trading conditions, and the level of support provided to its clients. Our top list of the best Forex brokers in Belarus is designed to simplify this task for you, providing objective information and opinions from active users. We hope our effort will help you find a reliable broker that meets all your requirements and becomes your trusted partner in the world of Forex, opening doors to financial independence and trading success.

Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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