ForexVue

Best Forex Brokers in Belarus

Laurent Researched and written by Laurent

Belarus introduced forex trading regulations in 2016, creating a legal framework for licensed forex companies to operate domestically. International sanctions have limited Belarusian traders' access to some global brokers, but several firms continue to accept clients from the country.

Available in: en ru
#1 Editor's Pick

XM Group

A globally recognized multi-asset broker offering access to over 1,000 instruments with ultra-fast execution and multi-tier regulatory oversight across four jurisdictions.

CySEC ASIC DFSA IFSC
Platforms:
MT4 MT5 cTrader TV XM App
Min Deposit
$5
Leverage
1:1000
(1:30 in EU)
Spread From
0.0 pips

All Brokers

#2

Exness

Visit

A high-volume global broker processing over $4 trillion in monthly trading volume, known for instant withdrawals, unlimited leverage on qualifying accounts, and a dominant presence across Asia and Africa.

FCA CySEC FSA +2
Risk Warning 78.79%
Min Deposit $10
ECN Deposit $200
Max Leverage 1:2000 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV Exness Terminal
#3

AvaTrade

Visit

An award-winning CFD broker regulated on five continents, known for its proprietary AvaTradeGO app and extensive educational resources tailored to newer traders.

CBI ASIC FSCA +2
Risk Warning 76%
Min Deposit $100
ECN Deposit
Max Leverage 1:400 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV AvaTradeGO
#4

XTB

Visit

A publicly listed European broker offering commission-free stock investing alongside leveraged CFD trading, powered by its proprietary xStation 5 platform with advanced analytics.

FCA CySEC KNF +1
Risk Warning 71%
Min Deposit No min
ECN Deposit
Max Leverage 1:500 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV xStation 5
#5

Pepperstone

Visit

An Australian-born execution specialist trusted by active traders for razor-thin spreads, institutional-grade liquidity, and support for all major third-party platforms.

FCA ASIC CySEC +2
Risk Warning 75.5%
Min Deposit No min
ECN Deposit $200
Max Leverage 1:500 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV
#6

HFM

Visit

A globally regulated multi-asset broker formerly known as HotForex, offering diverse account types with leverage up to 1:2000 and a strong footprint across Africa, the Middle East, and emerging markets.

FCA CySEC DFSA +3
Risk Warning 71.37%
Min Deposit No min
ECN Deposit
Max Leverage 1:2000 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV HFM App
#7

Eightcap

Visit

A fast-growing Melbourne-based broker integrating directly with TradingView, offering raw spreads from 0.0 pips and deep cryptocurrency CFD coverage alongside traditional forex pairs.

ASIC FCA CySEC +1
Risk Warning 76.09%
Min Deposit $100
ECN Deposit $100
Max Leverage 1:500 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV
#8

ActivTrades

Visit

A London-headquartered broker with over two decades of operation, offering up to £1M in additional insurance coverage and consistently tight spreads on major pairs.

FCA CSSF CMVM +1
Risk Warning 68%
Min Deposit No min
ECN Deposit $1000
Max Leverage 1:400 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV ActivTrader
#9

Deriv

Visit

The rebranded successor to Binary.com with 25+ years of heritage, offering unique synthetic indices that trade 24/7 alongside standard forex and CFD markets.

MFSA LFSA VFSC +1
Risk Warning 70%
Min Deposit $5
ECN Deposit
Max Leverage 1:1000 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV Deriv Trader
#10

Tickmill

Visit

An ECN-focused broker consistently ranking among the lowest-cost providers globally, with raw spreads starting at 0.0 pips and commissions as low as $2 per lot per side.

FCA CySEC FSCA +1
Risk Warning 70%
Min Deposit $100
ECN Deposit $100
Max Leverage 1:500 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV
#11

IC Markets

Visit

An Australian-born ECN broker renowned for ultra-tight raw spreads and deep liquidity, making it the top choice for scalpers, algorithmic traders, and high-volume professionals worldwide.

ASIC CySEC FSA +2
Risk Warning 70.53%
Min Deposit $200
ECN Deposit $200
Max Leverage 1:500 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV
#12

Admirals

Visit

Formerly Admiral Markets, a multi-regulated European broker offering an expansive product range of 8,000+ instruments with transparent pricing and strong educational content.

FCA CySEC ASIC +1
Risk Warning 73%
Min Deposit $25
ECN Deposit $100
Max Leverage 1:500 (1:30 in EU)
Platforms
MT4 MT5 cTrader TV Admirals App

This page contains affiliate links. If you open an account through a link on this page, we may receive a commission at no extra cost to you. This does not affect our rankings or reviews. Learn more

Forex Trading in Belarus

Forex trading in Belarus is accessible through a range of internationally regulated brokers. The National Bank of the Republic of Belarus (NBRB) provides oversight for financial services in the country, though the scope of domestic forex regulation varies. Many international brokers serving Belarus traders operate under licenses from tier-1 regulators such as CySEC (Cyprus), FCA (United Kingdom), or ASIC (Australia), providing strong investor protection standards.

When choosing a forex broker in Belarus, traders should verify the broker's regulatory status, check whether the platform supports deposits and withdrawals in Belarusian Ruble (BYN), and confirm that the broker offers appropriate trading conditions including competitive spreads, reliable execution, and access to the currency pairs most relevant to the local market. Demo accounts are an excellent way to test a broker's platform before committing real funds.

Leverage availability for traders in Belarus depends on the broker's regulatory jurisdiction. EU-regulated brokers apply ESMA leverage caps of 1:30, while offshore-regulated brokers may offer higher leverage up to 1:500 or more. Higher leverage increases both potential profits and potential losses.

NBRB Regulation in Belarus

The National Bank of the Republic of Belarus (NBRB) is responsible for overseeing financial market activities in Belarus. While the scope of the NBRB's authority over retail forex trading may differ from that of major international regulators, its presence provides a layer of domestic oversight that traders should consider when evaluating their options.

Many international brokers that accept Belarus traders hold licenses from well-respected regulators such as CySEC (Cyprus Securities and Exchange Commission), FCA (UK Financial Conduct Authority), ASIC (Australian Securities and Investments Commission), or the DFSA (Dubai Financial Services Authority). These licenses require brokers to maintain segregated client accounts, meet capital adequacy requirements, and operate under strict conduct-of-business rules. When choosing a broker, verifying the license directly on the regulator's official website is always recommended.

Forex Trading in Belarus

Forex trading is regulated in Belarus under a framework established by presidential decree. The National Bank of the Republic of Belarus (NBRB) oversees the financial sector, and licensed forex companies operate within the regulatory framework. The Hi-Tech Park in Minsk has attracted several fintech companies including forex-related operations.

Access to international brokers may be affected by sanctions. The standard personal income tax rate in Belarus is 13%. The Belarusian Ruble (BYN) is not widely offered as an account currency by international brokers.

Frequently Asked Questions

Is forex trading legal in Belarus?

Forex trading is regulated in Belarus. The National Bank of the Republic of Belarus (NBRB) oversees the financial sector, and forex trading through licensed entities was legalized through Decree No. 231. The Hi-Tech Park in Minsk hosts several forex-related fintech companies.

How are forex profits taxed in Belarus?

Forex trading profits in Belarus were exempted from personal income tax through 2025 under a special decree. Tax treatment may change, so verify the current rules. The standard personal income tax rate in Belarus is 13%.

What leverage is available for forex traders in Belarus?

Leverage for Belarusian traders depends on the broker. NBRB-licensed domestic forex companies may have specific leverage requirements set by Belarusian regulations. International brokers regulated by the FCA or CySEC offer 1:30 leverage on major pairs, while brokers in other jurisdictions may offer up to 1:500.

Can I use international forex brokers from Belarus?

Yes, Belarusian traders can access both domestic licensed brokers (through Decree No. 231) and international brokers. Due to international sanctions, some EU and UK-regulated brokers may not accept Belarusian clients. Traders should verify each broker's policy regarding Belarusian residents. Accounts are typically in USD, EUR, or BYN (Belarusian ruble).

What payment methods can I use for forex trading in Belarus?

Belarusian traders can deposit via bank transfers from local banks such as Belarusbank, Belinvestbank, and Priorbank. Visa and Mastercard issued by Belarusian banks may face restrictions with some international brokers due to sanctions. E-wallets like Skrill and Neteller may be available as alternatives. Check with your specific broker for accepted payment methods.