5 Best Forex Brokers in Belarus
We have listed the 5 Best Forex Brokers in Belarus offering secure and user-friendly access to global forex markets. These Regulated Belarusian Forex Brokers stand out for strong compliance, tight spreads, and advanced platforms. Belarusian traders benefit from NBRB oversight, reliable execution, and flexible account options suited for both beginners and professionals.
5 Best Forex Brokers in Belarus (2025)
- AvaTrade – Overall, the Best Forex Broker in Belarus.
- Axi – Belarusian traders benefit from fast account setup and funding flexibility.
- TMGM – Accepts Belarusian traders under international regulatory oversight.
- Tickmill – Belarusian traders access global markets under NBRB standards.
- MultiBank Group – Supports MT4, MT5, and proprietary MultiBank NextGen platform.
Top 10 Forex Brokers (Globally)
1. AvaTrade
AvaTrade holds multiple global licenses, including 🇮🇪 CBI, 🇦🇺 ASIC, and 🇯🇵 FSAJ. While it does not hold a license specifically for Belarus, it actively accepts Belarusian traders under international regulation. Third-party reviews highlight AvaTrade for reliable trade execution, tight spreads, and professional trading platforms suitable for local investors.
| Feature | Detail |
| Local Access | Accepts Belarusian traders via international regulatory oversight |
| Trading Platforms | MT4, MT5, AvaTradeGO with mobile support |
| Account Options | Flexible accounts for beginners and professionals |
| Spreads | From 0.9 pips with no commission on standard accounts |
| Leverage | Up to 400:1 depending on account and instrument |
 | Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Frequently Asked Questions
Can Belarus traders open an AvaTrade account?
Yes. AvaTrade accepts Belarusian traders through its global licenses. The broker provides access to MT4, MT5, and AvaTradeGO platforms with multiple account options, allowing local traders to trade forex, commodities, and cryptocurrencies safely.
Is AvaTrade regulated for Belarusian clients?
AvaTrade does not hold a Belarus-specific license. However, it operates under strong international regulators such as 🇮🇪 CBI, 🇦🇺 ASIC, and 🇯🇵 FSAJ, providing legal and secure trading conditions for Belarusian investors.
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Accepts Belarusian clients | Not licensed specifically in Belarus |
| Multiple international regulations | Swap fees apply |
| Advanced trading platforms | Bonus offers may vary by region |
| Tight spreads and reliable execution | Leverage restrictions vary by jurisdiction |
| Flexible account types | Some fees apply on margin or exotic instruments |
Our Insights
AvaTrade delivers a secure trading experience for Belarusian investors through its global licenses. Traders benefit from professional platforms, tight spreads, and flexible accounts. Although it lacks a Belarus-specific license, its strong international oversight ensures safety, reliability, and transparency for local forex trading.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. Axi
Axi accepts Belarusian traders and operates under multiple global regulators, including 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, and 🇦🇪 DFSA. Belarusian clients access competitive spreads, MT4 and MT5 platforms, and fast account opening. Axi is not licensed by 🇧🇾 NBRB, so traders operate without local regulatory oversight.
| Feature | Detail |
| Local Access | Accepts Belarusian traders via international regulatory oversight |
| Trading Platforms | MT4, MT5 with mobile support |
| Account Options | Flexible accounts for beginners and professionals |
| Spreads | From 0.0 pips with low commissions on Pro and Elite accounts |
| Leverage | Up to 1:500 depending on account and entity |
 | Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Frequently Asked Questions
Can Belarusian traders open an Axi account?
Yes. Axi accepts Belarusian clients and provides access to global licenses and professional platforms. Traders can open accounts digitally and trade forex and CFDs. However, the broker is not licensed by 🇧🇾 NBRB, so local regulatory protection does not apply.
Is Axi regulated in Belarus?
Axi operates under international regulators such as 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, and 🇦🇪 DFSA. It is not licensed by 🇧🇾 NBRB, meaning Belarusian traders can trade safely but without local regulatory oversight.
| Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Accepts Belarusian clients | Not licensed by 🇧🇾 NBRB |
| Multiple global regulations | No local regulatory oversight |
| Competitive spreads | Limited Belarus-specific support |
| Advanced MT4 and MT5 platforms | No Belarusian language support |
| Fast digital account opening | Potential currency conversion fees |
Our Insights
Axi provides Belarusian traders with global regulation, advanced platforms, and competitive spreads. The broker accepts local clients and allows fast digital account setup. However, it lacks 🇧🇾 NBRB licensing, so traders should consider the regulatory implications when using the platform.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. TMGM
TMGM (TradeMax Global Markets) operates under multiple international licenses, including ASIC (Australia), VFSC (Vanuatu), FSA (Seychelles), and FSC (Mauritius). These licenses provide a regulated trading environment, but TMGM does not hold approval in Belarus. Belarusian traders can open accounts, yet they should understand local legal implications.
| Feature | Details |
| Regulation | ASIC (Australia) VFSC (Vanuatu) FSA (Seychelles) FSC (Mauritius) |
| Platform | MetaTrader 4 MetaTrader 5 TMGM App |
| Leverage | Up to 1:1000 |
| Minimum Deposit | 100 USD |
| Account Types | Standard, Pro, Islamic |
| Trading Instruments | Forex CFDs Commodities Indices |
 | Minimum Deposit: $100 Regulated by: ASIC, FMA, VFSC Crypto: Yes |
Frequently Asked Questions
Is TMGM regulated in Belarus?
No, TMGM does not hold a license from the National Bank of the Republic of Belarus (NBRB). Traders in Belarus operate under offshore regulation, and TMGM’s international licenses do not replace local legal approval.
Can Belarus traders open accounts with TMGM?
Yes, TMGM accepts traders from Belarus. Traders must consider that the broker is not regulated locally, understand potential legal risks, and ensure safe fund management before engaging in live trading with an offshore provider.
| Minimum Deposit: $100 Regulated by: ASIC, FMA, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multiple international licenses | Not regulated in Belarus |
| High leverage options | Legal uncertainties exist |
| Variety of trading platforms | Limited local support |
| Low minimum deposit | Potential withdrawal delays |
| Wide instrument range | Possible account restrictions |
Our Insights
TMGM delivers competitive platforms, multiple account types, and strong international regulation. However, Belarusian traders should remain cautious because the broker lacks NBRB approval. Careful risk management is essential before trading with TMGM from Belarus.
| # | Criteria | Score |
| 1. | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2. | Range of Investments, Platforms and Tools | ⭐⭐⭐☆☆ |
| 3. | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4. | Research and Education | ⭐⭐☆☆☆ |
| 5. | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6. | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7. | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8. | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9. | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10. | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
Top 3 Forex Brokers in Belarus – Compared
| Broker |  |  |  |
| Minimum Deposit | 100 USD | 0–25,000 USD | 100 USD |
| Fund Withdrawal Fee | None | Varies by method | None |
| Spreads From | 0.9 pips | 0.0 pips | 0.0 pips |
| Commissions / Fees | None | $7 round trip (Pro & Elite Accounts) | Spreads from 0.0 pips, commissions from $7 |
| Swap Fees | Applicable | Varies | Yes |
| Leverage | Up to 400:1 | Up to 1:500 (varies by entity) | Up to 1:1000 |
| Margin Requirements | Varies | Varies | Varies |
| Regulation | 🇮🇪 CBI 🇻🇬 BVI 🇲🇺 FSC 🇦🇺 ASIC 🇿🇦 FSCA 🇯🇵 JFSA 🇯🇵 FFAJ | 🇦🇺 ASIC 🇬🇧 FCA 🇦🇪 DFSA 🇻🇺 VFSC | 🇦🇺 ASIC 🇳🇿 FMA 🇻🇺 VFSC |
| Open an Account |  | | |
4. Tickmill
Tickmill holds multiple international licences, including 🇬🇧 Financial Conduct Authority (UK), 🇨🇾 Cyprus Securities and Exchange Commission (Cyprus), and 🇸🇨 Financial Services Authority (Seychelles). These licences ensure strong oversight, but Tickmill is not approved by the National Bank of the Republic of Belarus (NBRB). Belarus traders access services through offshore entities.
| Feature | Details |
| Regulation | 🇬🇧 FCA (UK) 🇨🇾 CySEC (Cyprus) 🇸🇨 FSA (Seychelles) |
| Belarus Access | Accepts traders via global offshore entity |
| Minimum Deposit | 100 USD |
| Trading Platforms | MetaTrader 4 MetaTrader 5 |
| Leverage | Up to 1:500 |
| Instruments | Forex CFDs Commodities Indices |
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes |
Frequently Asked Questions
Is Tickmill regulated in Belarus?
No, Tickmill is not regulated by the 🇧🇾 National Bank of the Republic of Belarus. The broker operates under reputable international licences from the UK, Cyprus, and Seychelles, but it lacks a locally issued Belarusian licence for direct regulatory supervision.
Can Belarus traders open accounts with Tickmill?
Yes, Tickmill accepts traders from Belarus under its offshore entity. However, since it is not locally regulated, Belarusian traders must consider the risks of limited investor protection and ensure they understand international compliance before trading.
| Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multiple international licences | Not regulated in Belarus |
| Accepts Belarus traders | Offshore oversight only |
| Competitive spreads | Limited local support |
| Supports MT4 and MT5 | Possible withdrawal restrictions |
| Low minimum deposit | No Belarus-specific investor protection |
Our Insights
Tickmill offers reliable global access, low spreads, and strong regulatory credentials. However, it remains unregulated in Belarus. Belarus traders can trade safely under international entities, but should remain cautious and acknowledge the lack of direct local protection from the NBRB.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms, and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Options | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. MultiBank Group
MultiBank Group holds licences with several global regulators, including 🇨🇾 Cyprus Securities and Exchange Commission (CySEC), 🇦🇺 Australian Securities and Investments Commission (ASIC), and 🇸🇬 Monetary Authority of Singapore (MAS). Despite this broad regulatory coverage, the broker is not approved by the 🇧🇾 National Bank of the Republic of Belarus (NBRB). Belarus traders access its services through offshore entities.
| Feature | Details |
| Regulation | 🇨🇾 CySEC (Cyprus) 🇦🇺 ASIC (Australia) 🇸🇬 MAS (Singapore) |
| Belarus Access | Accepts traders through offshore entities |
| Minimum Deposit | From 50 USD |
| Trading Platforms | MetaTrader 4 MetaTrader 5 ECN Platform |
| Leverage | Up to 1:500 |
| Instruments | Forex CFDs Commodities Indices |
 | Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes |
Frequently Asked Questions
Is MultiBank Group regulated in Belarus?
No, MultiBank Group does not hold a licence from the 🇧🇾 National Bank of the Republic of Belarus. The broker operates under multiple international regulators but lacks direct Belarusian regulatory authorisation. Belarus traders use offshore regulation when opening accounts.
Can Belarus traders open accounts with MultiBank Group?
Yes, MultiBank Group accepts traders from Belarus through its internationally regulated entities. However, since it is not supervised locally, Belarus traders must recognise that domestic investor protections do not apply and that trading involves offshore regulatory conditions.
| Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong global regulatory coverage | Not regulated in Belarus |
| Low minimum deposit | Offshore oversight only |
| Accepts Belarus traders | Limited local client support |
| Multiple advanced trading platforms | No Belarus-specific investor protection |
| Broad range of trading instruments | Possible payment restrictions |
Our Insights
MultiBank Group provides global market access, multiple platforms, and reliable regulation under several authorities. However, it is not approved in Belarus. Traders in Belarus can register under international entities, but must remain cautious and understand the absence of NBRB protection.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5 Best Forex Brokers in Belarus – Market Matchup
| Provides local payment options and multilingual support for Belarusian clients. | |  |
| Belarusian traders benefit from fast account setup and funding flexibility. | | |
| Offers extremely high leverage up to 1:1000 for flexible trading strategies. | | |
 | Ideal for scalpers, day traders, and automated strategies. | | |
 | ECN-style trading with competitive spreads and transparent pricing. | | |
Forex Trading in Belarus – Quick Overview
Forex trading in 🇧🇾 Belarus operates under strict oversight from the National Bank of the Republic of Belarus (NBRB). The market is well-organized, with local brokers needing NBRB approval to operate legally. Traders can also use offshore brokers, though such activity carries higher risk and fewer protections.
Pros and Cons of Forex Trading in Belarus
| ✓ Pros | ✕ Cons |
| Legal and regulated market | Limited number of local brokers |
| Strong NBRB oversight | Offshore risks remain high |
| Access to local trading options | Strict leverage restrictions |
| Growing trader community | Possible payment limitations |
| Reliable trading environment | Currency conversion challenges |
In Conclusion
Forex trading in Belarus is both legal and highly organized under NBRB regulation. Local brokers provide strong protection, while offshore brokers offer flexibility. However, Belarusian traders should prioritize transparency, safety, and compliance before choosing a broker.
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In Conclusion
Forex trading in 🇧🇾 Belarus operates under strict oversight from the National Bank of the Republic of Belarus (NBRB). The market is structured and transparent, with local brokers requiring NBRB approval. Traders may also access offshore brokers, though such activity carries greater risk and fewer safeguards.
Faq
Yes, Forex trading is legal and regulated by the National Bank of the Republic of Belarus (NBRB).
All licensed Forex brokers are supervised by the NBRB.
Yes, but offshore brokers operate outside Belarusian regulation.
Most brokers require a minimum deposit of around 100 USD.
Yes, trading activity has grown due to better technology and financial education.
