10 Best Forex Brokers in Belarus in 2024 (Curated Picks)

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Forex trading is becoming increasingly popular in Belarus, with many traders looking for the best forex broker to meet their trading needs. There are numerous forex brokers operating in the country, each offering a range of features and services to their clients. 

To help traders make an informed decision, it is important to consider factors such as regulation, trading platforms, assets offered, and customer support. This guide provides a comprehensive overview of the best forex brokers in Belarus, helping traders find the right broker for their specific needs and goals.

A List of Top Forex Brokers in Belarus

Looking for the top ten forex brokers in Belarus? We’ve compiled a list of the best options based on various factors, including reputation, regulation, trading experience, customer support, and more.

Here is the list of top 10 forex brokers in Belarus

  • Icmarkets
  • Pepperstone
  • Etoro
  • XM
  • Exness
  • Oanda
  • FBS
  • Hotforex 
  • Eightcap
  • FXTM

Comparison of Best Forex Brokers in Belarus

IC Markets

IC Markets

  • Founded In:  2014 
  • Minimum Deposit: $200
  • Maximum Leverage: 1:500
  • Regulations : FCA, NFA, Cysec
  • Trading Platforms : MT4, MT5, Ctrader
  • Trading Instruments: Forex, CFD, Crypto CFD, and More
Pepperstone

Pepperstone

  • Founded In:  2010
  • Minimum Deposit: $200
  • Maximum Leverage: 500:1
  • Regulations : ASIC, CySEC, SCB, FSA
  • Trading Platforms : MT4, MT5, Ctrader
  • Trading Instruments: Forex, CFD, Crypto CFD, and More
Etoro

Etoro

  • Founded In:  2007
  • Minimum Deposit: $50
  • Maximum Leverage: 1:5
  • Regulations : CySec (Cyprus) , FCA (UK).
  • Trading Platforms : 
  • Trading Instruments: Stocks,Indices,ETFs,Currencies,Commodities,Cryptoassets.
XM

XM

  • Founded In:  2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1000:1
  • Regulations :FSC
  • Trading Platforms : MT4, MT5
  • Trading Instruments: Forex , Commodities, Stock ,Indices , Crypto , Turbo Stocks Equity indices , Precious Metals , Energies 
Exness

Exness

  • Founded In:  2008
  • Minimum Deposit: $200
  • Maximum Leverage: 1:2000
  • Regulations :FSA,CBCS,FSC,FSCA, Cysec,FCA,CMA
  • Trading Platforms :MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile,  Exness Trade App , Exness Terminal
  • Trading Instruments: Forex , Commodities, Stock ,Indices , Crypto
Oanda

Oanda

  • Founded In:  1996
  • Minimum Deposit: $0
  • Maximum Leverage: 500:1
  • Regulations : ASIC, CFTC, FCA,PFSA,MAS, FSA
  • Trading Platforms : MT4, MT5, fxTrade app
  • Trading Instruments:Forex, Indices , Metals , Shares, Commodities, Cryptocurrencies
FBS

FBS

  • Founded In:  2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1:3000
  • Regulations :FSC(Belize) 
  • Trading Platforms : MT4, MT5, Webtrader
  • Trading Instruments: Forex ,  Stock ,Indices , Crypto , Metals , Energies , Forex Exotic
Hotforex

Hotforex

  • Founded In:  2010
  • Minimum Deposit: $5
  • Maximum Leverage: 1:1000
  • Regulations : FCA, DFSA , FSCA ,FSA,CMA
  • Trading Platforms : MT4, MT5, HFM Platform
  • Trading Instruments: Forex,Metals,Energies,Indices,Stocks,Commodities,Bonds,ETFs,Cryptos
Eightcap

Eightcap

  • Founded In:  2009
  • Minimum Deposit: $100
  • Maximum Leverage: 1:1000
  • Regulations : ASIC,FCA, CySEC, SCB
  • Trading Platforms : MT4, MT5, TradingView, Webtrader
  • Trading Instruments: Forex,Commodities,Indices,Shares,Crypto
FXTM

FXTM

  • Founded In:  2011
  • Minimum Deposit: $10
  • Maximum Leverage: 1:2000
  • Regulations : FSC (Mauritius)
  • Trading Platforms : MT4, MT5 and Mobile Trading
  • Trading Instruments: Currencies, Stocks, Indices and Commodities

Best Forex Brokers in Belarus Reviewed for 2024

ICmarkets.com – Best for Tight Spread

IC Market is one of the best-regulated brokers for tight spreads. It is based in Australia and was established in 2017. It offers a wide range of trading platforms such as MT4, MT5, cTrader, Web, and Mobile to suit the needs of different types of traders. It provides a secure and reliable trading environment and offers excellent customer support.

IC Markets is a broker that offers a wide range of trading instruments, including over 60 currencies, 10+ cryptos, and 1600+ CFDs. It allows traders to use EAs and robots, as well as scalping and news trading. Additionally, MAM accounts are allowed, but PAMM accounts are not. Additionally, there is the option of Zulutrade social trading. All of these features make IC Markets an attractive choice for traders of all levels.

Our Ratings

9.3
IC Markets Scores
Regulation and Security (40%)9.5
Fees and Commissions (20%)9.5
Trading (15%)8.5
Trading tools (10%)9
Customer Support (10%)9.6
Trading Education (5%)9.4

Pros:

  • Low trading costs: IC Markets provides some of the lowest spreads in the forex industry, with a minimum spread of 0.0 pips and no commissions charged.
  •  Regulated and secure: IC Markets is regulated by the Australian Securities & Investments Commission (ASIC), which ensures that traders’ funds are held in segregated accounts and are not used for any other purpose. 
  • Variety of account types: IC Markets offers a variety of account types, ranging from the Standard account to the ECN Zero account, allowing traders to choose the account that best suits their trading needs and style. 
  • Variety of trading platforms: IC Markets offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and WebTrader. 
  • Comprehensive educational resources: IC Markets provides a wealth of educational resources, such as webinars, ebooks, and market analysis, to help traders become more successful. 

Cons:

  •  Not available in all countries: IC Markets is not available in certain countries, such as the United States, Canada, and Japan. 
  • Limited payment methods: IC Markets only accepts payments via bank wire and credit/debit cards, which may be inconvenient for some traders.

Pepperstone.com — For Islamic Account

Pepperstone is a regulated broker based in Australia that was established in 2010. It offers a range of trading platforms including MT4, MT5, cTrader, DupliTrade, and TradingView. Additionally, they also offer an Islamic account for those of the Muslim faith, allowing them to trade following Sharia law. With a long-standing track record of providing a safe and secure trading environment, Pepperstone is an excellent option for traders of all levels.

Pepperstone is a leading broker in the trading industry offering a wide range of instruments including over 60 currencies, 20+ cryptos, and 1200+ CFDs. They also provide excellent trading conditions such as allowing EAs and robots, scalping and news trading. Furthermore, they offer additional facilities such as MAM accounts, PAMM accounts and copy trading. This makes Pepperstone a great choice for traders of all levels of experience.

Our Ratings

9.4
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)9.2
Trading (15%)8.5
Trading tools (10%)9
Customer Support (10%)9.6
Trading Education (5%)8

Pros:

  • Low fees and spreads: Pepperstone offers some of the most competitive fees and spreads in the market. 
  • Robust trading platform: Clients have access to the powerful MetaTrader 4 and cTrader trading platforms, along with other advanced trading tools. 
  • Comprehensive range of markets: Pepperstone offers a wide selection of global markets to trade, including forex, commodities, indices, shares, and cryptocurrencies. 
  • . Excellent customer support: Pepperstone has a dedicated customer support team that is available 24/7 for any queries. 
  • Security of funds: Pepperstone is regulated by the Financial Conduct Authority (FCA) and maintains its clients’ funds in segregated accounts. 

Cons:

  •  Limited payment methods: Pepperstone only offers a few payment methods, such as bank transfer and credit/debit card. 
  • Limited educational resources: Pepperstone does not offer much in terms of educational materials or tools.

Etoro.com – Best for Social Copy Trading

Etoro is a regulated broker based in the United Kingdom that was established in 2007. It is best known for its social copy trading feature, which allows users to easily follow and copy the trades of experienced traders. The platform also provides access to a wide range of financial markets and assets, using the intuitive and powerful eToro trading platform. With its user-friendly interface and powerful tools, eToro is the perfect choice for both novice and experienced traders.

At our trading platform, we offer a wide variety of trading instruments including 45+ currencies, 55+ cryptos, and 2815+ CFDs. We also allow copy trading so you can copy the trades of experienced traders and take advantage of their expertise. However, we do not allow the usage of EAs or Robots.

Our Ratings

8.8
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)9.5
Trading Education (5%)9

Pros:

  • Offers a range of trading instruments including stocks, ETFs, Forex, indices, and commodities. 
  • Offers a variety of trading platforms and tools to accommodate different types of traders. 
  • Offers competitive spreads and fees. 
  • Comprehensive educational center with a range of webinars and articles. 
  • Multiple account types with different risk levels. 

Cons:

  • Does not offer digital options, binary options, or cryptocurrency trading. 
  • Limited customer service and support options.

XM.Com – For Flexible trading

XM is a regulated broker, based in Cyprus and established in 2009. It offers a flexible trading experience with its MT4 and MT5 trading platforms, which guarantee a secure and reliable trading experience. XM also provides a range of trading instruments, including forex, commodities, indices, stocks, and more. Furthermore, XM allows clients to write their own automated trading strategies, as well as offering access to a range of expert advisors and indicators. With its wide range of services, XM is an ideal option for traders of all levels.

XM is a reliable broker that offers a wide range of trading instruments, including 55+ currencies, 30+ cryptos, and 940+ CFDs. They allow traders to use EAs and robots, along with scalping and news trading. They also provide MAM accounts, but not PAMM accounts. However, traders can take advantage of their Zulutrade Social Trading service. All in all, XM is a great choice for traders looking for a wide range of instruments and trading conditions.

Our Ratings

9.3
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.5
Trading (15%)8.4
Trading tools (10%)8.6
Customer Support (10%)9.5
Trading Education (5%)9.4

Pros:

  •  Low fees and commissions. 
  •  Variety of trading instruments and markets. 
  • Comprehensive and user-friendly platform. 
  • Easy access to educational materials and resources. 
  • Fast and reliable customer service. 

Cons:

  • Limited deposit and withdrawal methods. 
  • No mobile trading app is available.

Exness.com — For Instant withdrawal

Exness is a regulated broker based in Seychelles and established in 2008. It is one of the best brokers when it comes to instant withdrawal and offers its clients a choice of two powerful trading platforms, MT4 and MT5. The broker prides itself on having a good track record of providing reliable and secure trading services to its customers. With a range of features and options, Exness is a great choice for any trader looking for a reliable and trustworthy broker.

Exness is a well known broker that offers a wide range of trading instruments, including 95+ currencies, 5+ cryptos, and 130+ CFDs. Traders can use Expert Advisors (EAs) and robots, as well as scalping and news trading strategies. Additionally, Exness also provides a copy trading facility, allowing traders to copy the strategies of more experienced traders. With such a wide range of trading tools, Exness is a great choice for all types of traders.

Pros:

  • Low commissions and tight spreads 
  • A comprehensive range of trading tools and platforms 
  • Fast and reliable order execution 
  • A wide range of trading instruments 
  • Highly secure trading environment 

Cons:

  • Lack of customer service options 
  • A limited number of educational materials and resources

Oanda.com — Most Trusted

Oanda is a regulated broker based in the United States that has been established since 1996 and is one of the most trusted brokers in the market. It offers a variety of trading platforms to its customers, such as MT4, MT5, WebTrader, NinjaTrader, MotiveWave, MultiCharts, and TradingView. With its long history of providing reliable services, Oanda is an excellent choice for traders looking for a reliable and trustworthy broker.

Oanda is a broker that offers a wide range of trading instruments, including over 70 currencies, 4 cryptos, and more than 50 CFDs. It allows traders to use EAs and robots, as well as scalping and news trading. Additionally, it offers the ZuluTrade facility, which enables traders to copy the strategies of other experienced traders. Oanda is a great broker for experienced and novice traders alike.

Our Ratings

8.8
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)7
Trading (15%)8
Trading tools (10%)9
Customer Support (10%)9.2
Trading Education (5%)7

Pros:

  • Low minimum deposit requirement 
  • Competitive spreads with no commissions 
  • Variety of trading tools and platforms 
  • Comprehensive educational resources 
  • Excellent customer service 

Cons:

  • Limited range of tradable assets 
  • A limited number of trading instruments

FBS.com —- For High Leverage

FBS is a regulated broker based in Belize that was established in 2009. It is best known for its high leverage, offering traders up to 1:3000 in some financial instruments. The broker provides access to the financial markets through its trading platforms, including the popular MT4 and MT5, as well as FBS Trader. With a wide range of trading instruments and high leverage, FBS is a great choice for traders of all levels.

FBS is a renowned broker offering a wide range of trading instruments, including 35+ currencies and 3 CFDs. The broker allows traders to use EAs and robots for trading, as well as scalping and news trading, making it a great choice for both experienced and beginner traders.

Our Ratings

8.8
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.4
Trading (15%)8
Trading tools (10%)5
Customer Support (10%)9.5
Trading Education (5%)9.5

Pros:

  • Offers competitive spreads and a wide range of trading instruments. 
  • Provides access to multiple markets, including Forex, indices, commodities, and cryptocurrencies. 
  • Offers comprehensive educational resources for beginners and experienced traders.
  • Provides a variety of order types and tools for advanced traders
  • Offers an intuitive and user-friendly trading platform. 

Cons:

  • Limited customer support options. 
  • Does not provide access to all global markets.

Hotforex.com — For Trading instruments

Hotforex is a regulated broker based in Saint Vincent and Grenadines, established in 2010. They offer a wide range of trading instruments, and their trading platform includes both MT4 and MT5. Hotforex provides an array of trading options to their customers, and they pride themselves on providing a secure and reliable trading environment. Hotforex is a great choice for traders looking for a reliable and regulated broker.

Hotforex is a popular broker providing a wide range of trading instruments to its clients. It offers 45+ currency pairs, 5+ cryptos, and 5+ CFDs for trading. It also provides additional facilities such as an MAM account for its customers. Hotforex also allows their clients to use EAs and Robots for trading, as well as provides scalping and news trading services. Thus, Hotforex is a suitable broker for those who are looking for a wide range of trading instruments and additional trading features.

Our Ratings

9.1
Total Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)9
Trading (15%)8
Trading tools (10%)9.2
Customer Support (10%)9
Trading Education (5%)8

Pros

  • Low fees and commissions. 
  • A wide range of trading instruments and markets. 
  • Advanced trading platforms and powerful tools. 
  • Fast order execution and reliable customer support. 
  • Easy and secure deposits and withdrawals. 

Cons

  •  Limited educational resources. 
  •  Limited customer service options.

Eightcap.com — Best for Trading Support

Eightcap is a regulated broker based in Australia and established in 2009, offering a range of trading services. They provide a range of trading platforms, including MT4, MT5, and TradingView, making them a great choice for traders looking for a reliable and supportive trading partner. With an experienced team of professionals, Eightcap is committed to providing a high level of customer satisfaction and a secure and reliable trading environment.

Eightcap is a trusted broker offering a wide range of instruments for trading. It offers 45+ currency pairs, 300+ cryptos, and 800+ CFDs, allowing investors to diversify their portfolios. Additionally, Eightcap allows the use of EAs and robots and allows scalping, providing investors with more flexibility. It also offers PAMM and MAM accounts, allowing investors to manage their funds more efficiently. With such a wide range of options, Eightcap is an excellent choice for traders of all levels of experience.

Our Ratings

9
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9
Trading (15%)8.5
Trading tools (10%)8.6
Customer Support (10%)9
Trading Education (5%)7.2

Pros:

  • Low trading costs and competitive spreads. 
  • Regulated by ASIC in Australia and FCA in the UK. 
  • Access to a wide range of markets including over 50 currency pairs. 
  • Tight spreads and fast execution speeds. 
  • A comprehensive range of research and analysis tools. 

Cons:

  • Limited range of educational resources. 
  • No access to the MetaTrader 4 trading platform.

FXTM.com — Best For Trading Conditions

FXTM is an established and regulated broker founded in 2011 that offers some of the best trading conditions on the market. They offer a comprehensive range of trading platforms, including MT4, MT5, and WebTrader, providing traders with the flexibility to choose the most appropriate platform for their needs. Based in Mauritius, FXTM is committed to providing an innovative and reliable trading experience to its clients.

FXTM is a great broker for all types of traders. It offers a wide range of trading instruments, including 55+ currencies, 4+ cryptos and 190+ CFDs. Additionally, it allows for scalping and news trading, as well as the use of EAs and robots. It also provides MAM accounts, which makes it a great option for money managers. With FXTM, traders can access a diverse range of markets and trading conditions.

Our Ratings

8.6
Total Score
Regulation and Security (40%)9.4
Fees and Commissions (20%)8
Trading (15%)7.8
Trading tools (10%)7
Customer Support (10%)9
Trading Education (5%)9

Pros:

  • Low minimum deposit requirement 
  • Excellent customer service 
  • Offers a wide range of trading instruments and assets 
  • Offers a variety of trading accounts to suit different trading styles and budgets
  • Offers a wide range of educational resources and tools 

Cons:

  • Limited range of research tools and resources 
  • Does not offer a wide selection of deposit and withdrawal options

What is a Forex Broker?

A Forex broker is a specialized financial intermediary essential for individuals and businesses participating in currency trading within the expansive global foreign exchange market. Serving as a pivotal link between traders and the dynamic realm of forex, these brokers provide online platforms for buying and selling various currencies. Opting for a reputable and regulated Forex broker is crucial for ensuring a secure and efficient trading experience. This decision is complemented by the availability of essential tools and analysis, empowering traders to navigate the complexities of currency transactions within the ever-evolving forex landscape with confidence and precision.

Find out more : What is the Role of a Forex Broker

What are the Most Trusted Forex Brokers in Belarus ?

According to our research and broker ratings, Pepperstone, IC Markets, XM, and FBS emerge as the most reliable forex brokers for trading in Belarus . These brokers are highly regulated by top regulators including FCA, ASIC, CySEC, BaFIN, DFSA, SCB and so on.  They also offer segregated client fund accounts with tire 1 banks. for example. Here are our trust score for the following brokers 

  • Pepperstone : 9.4 
  • IC Markets    : 9.3
  • XM                : 9.3 
  • FBS              : 9

What is the No 1 Forex Brokers in Belarus ?

Based on our in-depth research and ratings, Pepperstone is the number 1 forex broker in Belarus . The broker is not only popular in Belarus  but also globally. Additionally, the broker is regulated under top-tier regulators worldwide, including FCA, ASIC, CySEC, and others. Pepperstone secures a score of 9.4 out of 10, the highest in our research

What are the Best MT4 Forex Brokers in Belarus ?

Based on our in-depth research and test results, the best MT4 forex brokers in Belarus are:

  • IC Markets
  • Pepperstone
  • Eightcap
  • Tickmill
  • XM
  • FBS

They offer thousands of trading instruments, including forex, crypto CFDs, stock CFDs, and indices.

What are the Best MT5 Forex Brokers in Belarus ?

MT5 a multi-asset trading platform by MetaQuotes. It is second most popular forex trading platform in the world. Most of the forex brokers in Belarus  offer MT5 Trading Platforms. According to our brokers research and ratings, the best MT5 Forex Brokers in the UK are 

  • Pepperstone
  • IC Markets 
  • FBS 

MT5 perform allows traders to perform  technical analysis and trading operations in the Forex market

What are the Best ECN Forex Brokers in Belarus?

Our findings and broker ratings show that the best ECN Forex brokers in Belarus are 

  •  Pepperstone 
  •  IC Markets 
  •  XM
  •  FXTM 
  •  Hotforex 

These brokers offer low trading fees. They also offer seamless deposit and withdrawal processing. Among the brokers, Pepperstone we ranked Pepperstone as No 1 forex brokers in the world

Which Forex Brokers are Best for Beginners in Belarus ?

From our research, analysis, testing, and experience; XM, hotforex, FBS, and Exness are the best brokers for beginners in Belarus . They all provide comprehensive training resources for newbies and also demo accounts for practice. When the newbies are ready for live trading, these brokers offer micro accounts which they can use to start experimenting with live trades at very little risk.

Which Forex Brokers Offer Copy Trading Platforms in Belarus ?

The best forex brokers offering copy trading platforms in Belarus include eToro, Pepperstone, IC Markets, and FBS, among others. Among these, eToro is renowned for its social copy trading. Moreover, you can use almost all forex brokers for copy trading purposes if they allow EA trading

Which Forex Brokers offer High Leverage in Belarus?

FBS is one of the highest-leverage forex brokers that offers services worldwide, including in Belarus. FBS provides a 1:3000 leverage, allowing for up to $3000 in trading capital for every $1 risked. However, the leverage in the EU and the USA is fixed. In the EU and Australia, retail traders can take up to a 1:30 leverage, while US regulators allow a maximum 1:50 leverage for retail forex traders. Many brokers have multiple entities for traders in different countries. Here is a list of the highest-leverage forex brokers:

FBS.com : 1:3000

Exness.com : 1:2000

Hotforex : 1:1000 

How Can I Trade Forex in the Belarus?

Learn the basics:

Before you start trading forex, it’s important to understand the basics of how the forex market works. This includes understanding currency pairs, reading forex charts, and knowing how to place orders.

Choose a forex broker:

To trade forex in Belarus, you’ll need to choose a reputable forex broker that is regulated by the Central Bank of Belarus. Look for a broker that offers low spreads, fast execution speeds, and a variety of trading instruments.

Open a trading account:

Once you’ve chosen a forex broker, you’ll need to open a trading account. This typically involves filling out an online application and providing proof of identity and address.

Fund your account:

After your trading account is approved, you’ll need to fund it with capital. This can typically be done using a credit/debit card, bank transfer, or e-wallet.

Choose a trading platform:

Most forex brokers offer a variety of trading platforms, including MetaTrader 4 and MetaTrader 5. Choose a platform that you’re comfortable with and that offers the features and tools you need to trade forex.

Start trading:

Once you’ve funded your trading account and chosen a platform, you’re ready to start trading forex. Remember to start with a small amount of capital and use proper risk management techniques to minimize your losses.

Monitor your trades:

As you start trading forex, it’s important to monitor your trades and keep track of your profits and losses. This will help you identify which trading strategies are working and which ones need to be adjusted.

Continue learning:

Trading forex is a continuous learning process. Keep up with the latest market news and analysis, and continue to learn new trading strategies and techniques to improve your trading skills.

Different Types of Forex Brokers in Belarus?

Dealing Desk Brokers:

Dealing Desk brokers are also known as Market Makers. They operate by creating their own market, where they act as both the buyer and the seller of the currency. They take the opposite position of the trader and make a profit from the spread. These brokers can manipulate prices, and traders may experience slippage or requotes. Dealing desk brokers are best suited for beginners or traders who prefer fixed spreads.

No Dealing Desk Brokers:

No Dealing Desk (NDD) brokers do not have their own market. Instead, they connect traders directly to the interbank market, where they can buy and sell currencies directly from other market participants. NDD brokers can be classified into two types:

a. Electronic Communication Network (ECN) Brokers: ECN brokers allow traders to access the interbank market directly by matching their orders with other market participants. These brokers charge a commission for each trade, and traders can benefit from low spreads and fast execution speeds.

b. Straight Through Processing (STP) Brokers: STP brokers act as intermediaries between traders and liquidity providers. They automatically route traders’ orders to the best available price from the liquidity providers. STP brokers can offer variable spreads and low latency trading.

Types of Trading Platforms in Belarus?

MetaTrader 4 (MT4):

MT4 is one of the most popular trading platforms in the world, and it is widely used by forex brokers in Belarus. MT4 offers a user-friendly interface, advanced charting tools, and a wide range of technical indicators. It also supports automated trading through the use of Expert Advisors (EAs).

MetaTrader 5 (MT5):

MT5 is the successor to MT4, and it offers several advanced features that are not available in MT4. These include a greater number of technical indicators, more advanced order types, and a multi-asset trading platform that supports trading in stocks, futures, and other securities.

cTrader:

cTrader is another popular trading platform used by forex brokers in Belarus. It offers advanced charting tools, a user-friendly interface, and fast execution speeds. It also supports automated trading through the use of cBots.

Web-based platforms:

Many forex brokers in Belarus also offer web-based trading platforms, which allow traders to access their accounts and trade from any device with an internet connection. These platforms typically offer basic charting tools and order management features but may be more limited in terms of advanced trading tools.

Mobile platforms:

Mobile trading platforms are designed for traders who want to trade on the go using their smartphones or tablets. These platforms typically offer basic charting tools, order management features, and the ability to place trades from anywhere with an internet connection.

How to Choose the Best Forex Brokers in Belarus

Choosing the best forex broker in Belarus can be a complex task, with many factors to consider. Here are some key considerations that traders should keep in mind when evaluating different brokers:

Regulation:

Make sure the broker is regulated by a reputable financial authority, such as the National Bank of Belarus. This will ensure that your funds are protected and that the broker adheres to industry standards.

Trading platforms:

Look for brokers that offer reliable and user-friendly trading platforms, such as MetaTrader 4 or 5, cTrader, or Proprietary platforms. This will allow you to execute trades with ease and access a variety of trading tools and resources.

Assets offered:

Consider the range of assets offered by the broker, including currency pairs, stocks, indices, commodities, and cryptocurrencies. The more assets available, the greater the opportunities for diversification and risk management.

Leverage:

Consider the leverage offered by the broker, as well as the margin requirements. High leverage can magnify profits but also increases the risk of losses.

Spreads and fees:

Look for brokers with low spreads and fees, as this can have a significant impact on your trading performance over time.

Customer support:

Ensure that the broker provides quality customer support, with multiple channels for communication, such as live chat, email, and phone. This will help you get the assistance you need when you need it.

Reputation:

Check the reputation of the broker by reading online reviews and forums, and consider the length of time the broker has been in business. This will give you a sense of the broker’s reliability and stability.

Frequently Asked Question (FAQs)

Belarus allows for legal Forex trading and has a population of approximately 9.4 million potential Forex traders. As a result, the Forex market in Belarus is expanding, and more traders are taking advantage of the opportunities available

What is a forex broker and what do they do?

A forex broker is a firm that provides traders with access to a platform for buying and selling currencies. Forex brokers act as intermediaries between traders and the market, offering a range of services including trading platforms, market analysis tools, and customer support.

Why is regulation important when choosing a forex broker?

Regulation is important when choosing a forex broker because it assures that the broker is operating transparently and ethically, and that traders’ funds are protected. Regulated brokers must adhere to strict rules and standards set by financial authorities, such as the National Bank of Belarus, which helps to ensure fair and transparent trading practices.

What trading platforms do forex brokers in Belarus offer?

Forex brokers in Belarus typically offer a range of trading platforms, including MetaTrader 4 and 5, cTrader, and proprietary platforms. Traders should look for platforms that are reliable, user-friendly, and offer a range of trading tools and resources.

What assets do forex brokers in Belarus offer?

Forex brokers in Belarus offer a variety of assets, including currency pairs, stocks, indices, commodities, and cryptocurrencies. Traders should look for brokers that offer a wide range of assets to help diversify their portfolios and manage risk.

What is leverage and how does it affect forex trading?

Leverage is a tool that allows traders to trade with more capital than they have in their accounts. This magnifies potential profits but also increases the risk of losses. Traders should be mindful of the leverage offered by their broker and consider their own risk tolerance when choosing the appropriate level of leverage.

What are spreads and fees and how do they impact forex trading?

Spreads and fees are the costs associated with trading in the forex market. Spreads are the difference between the bid and ask price of a currency pair, while fees are charges for services such as withdrawals and account maintenance. Low spreads and fees can have a significant impact on trading performance over time, so it’s important to look for brokers that offer competitive spreads and low fees.

What kind of customer support do forex brokers in Belarus offer?

Forex brokers in Belarus typically offer customer support through multiple channels, such as live chat, email, and phone. Traders should look for brokers that offer quality customer support, with fast response times and helpful staff, to ensure they have access to the assistance they need when they need it.

Conclusion

Choosing the best forex broker in Belarus requires careful consideration of several key factors, including regulation, trading platforms, assets offered, leverage, spreads and fees, and customer support. Traders should also consider the broker’s reputation and length of time in business. 

By taking the time to evaluate these factors, traders can choose a forex broker that meets their specific needs and goals and helps them achieve success in the forex market. It is also important for traders to educate themselves about the forex market and risk management strategies, to ensure they have the knowledge and skills necessary to succeed as a forex trader.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
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Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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