Belize is an off-shore financial center specializing in business and trader-friendly Forex regulations. Several Forex brokers in Belize rank among the world’s most competitive Forex brokers.
Trading with the best Forex brokers in Belize, ensures traders operate in a competitive trading environment with low trading fees, a cutting-edge technology infrastructure featuring algorithmic trading support, and a choice of copy trading providers.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- XM, Exception range of assets + negative balance protection.
- FP Markets, ECN trading with leverage up to 1:500.
- FXTM, Best all-around broker with high floating leverage and fast execution.
- Eightcap, Competitive pricing + excellent daily videos.
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsI rank AvaTrade among the best Forex brokers in Belize as it offers traders the MT4 Guardian Angel plugin and the fee-based Ava Protect insurance policy, protecting against trading losses. The well-balanced asset selection includes options, futures, ETFs, and cryptocurrencies. Algorithmic traders get MT4/MT5, and AvaTrade also provides its user-friendly, proprietary WebTrader and mobile app AvaTradeGO, which includes Trading Central, the specialized alternatives Ava Option, Ava Futures, and Ava Social, and ZuluTrade and DupliTrade for copy traders.
Passive income seekers can sign up for the high-paying partnership program, joining 70,000+ partners from 150+ countries and $250M+ in paid-out commissions.
Pros & Cons
- High quality educational offering via AvaAcademy
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
- Trading costs competitive but nothing special
XM
In Summary Exception range of assets + negative balance protectionTraders can diversify portfolios via a well-balanced asset selection featuring 1,000+ trading instruments, including cryptocurrencies and in-house managed thematic indices. XM provides the MT4/MT5 trading platforms, upgraded with six exclusive technical indicators. The $5 minimum deposit ensures accessibility, boosted by bonuses up to $10,500 per trader, and customer support is available 24/7. Therefore, XM ranks among the best Forex brokers in Belize, catering to 10M+ traders.
Beginners benefit from exceptional education. The live education room is available Monday through Friday between 06:00 and 15:00 GMT. Swap-free trading in the Ultra Low Standard account ensures a unique competitive pricing advantage.
Pros & Cons
- Outstanding trading tools and loyalty program
- Low minimum deposit, high leverage*, and competitive trading cost
- Excellent research and education
- Trustworthy and transparent with generous bonuses and incentives
- Inactivity fee
FP Markets
In Summary ECN trading with leverage up to 1:500FP Markets connects social traders with 50M+ peers to TradingView,and copy traders can use the proprietary FP Markets service, the well-known Myfxbook Autotrade service, and fee-based Signal Start. Algorithmic Forex traders get MT4/MT5 and cTrader. FP Markets upgrades the former with 12 plugins, plus services by Trading Central and Autochartist. Therefore, I rank FP Markets among the best Forex brokers in Belize.
Commission-based Forex fees start with raw spreads from 0.0 pips for a $6.00 commission per 1.0 standard lot, ensuring a competitive edge. Multi-lingual customer support is available 24/7, and beginners get quality education and research.
Pros & Cons
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
- Availability of Iress geographically restricted
FXTM
In Summary Best all-around broker with high floating leverage and fast executionFXTM ranks among the best Forex brokers in Belize due to its cutting-edge price improvement technology, lowering fees by an average of $3.00 per lot, applicable on 97.18% of all trades. It adds a competitive trading fee advantage to raw spread trading with spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot. Traders also benefit from deep liquidity pools, resulting in an average execution time of 0.071 seconds.
VPS hosting offers 24/5 low-latency trading. FXTM also upgrades MT4/MT5 with Trading Central, the upgrade package from FX Blue, and its in-house Pivot Point Strategy plugin.
Pros & Cons
- Excellent commission-based Forex pricing environment and transparency
- Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
- Quality market research and educational content for beginner traders
- A highly regulated broker with a tier-1 license
- No cryptocurrencies and limited choice of commodities
Eightcap
In Summary Competitive pricing + excellent daily videosEightcap offers Capitalise AI, enabling algorithmic trading in a code-free MT4 environment. It upgrades MT5 with the FlashTrader plugin and supports traders with its AI-powered economic calendar to provide a rare competitive edge to Forex traders. The Raw account features raw spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot, boosted by deep liquidity pools and fast order execution. This is why I rank Eightcap highly on my listing of the best Forex brokers in Belize.
Beginners receive excellent education and research via Eightcap Labs and Eightcap Trade Zone. Social traders can connect with 50M+ peers at TradingView.
Pros & Cons
- Low minimum deposit and high leverage of up to 1:500
- Competitive cost structure
- Excellent technology infrastructure and seasoned management team
- Daily research and quality educational content
- Limited leverage in some areas
Comparison of the Best Forex Brokers in Belize
| | | | | |
Regulators | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, CySEC, DFSA, FSC Belize | ASIC, CMA, CySEC, FSCA | CMA, CySEC, FCA, FSC Mauritius, FSCA | ASIC, CySEC, FCA, SCB |
Year Established | 2006 | 2009 | 2005 | 2011 | 2009 |
Execution Type(s) | Market Maker | Market Maker | ECN/STP | ECN/STP, Market Maker | ECN/STP, Market Maker |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 0.9 pips | 0.1 pips | 1.2 pips | 0.1 pips | 1.0 pips |
Average Trading Cost GBP/USD | 1.5 pips | 0.2 pips | 1.4 pips | 0.2 pips | 1.2 pips |
Average Trading Cost Gold | $0.29 | $0.19 | $0.16 | $0.18 | $0.12 |
Trading Platform(s) | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, Trading View |
Islamic Account | |||||
Negative Balance Protection | N/A | N/A | |||
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
What to Look for in a Forex Broker from Belize
The best trading platforms in Belize include low trading fees, which determine the competitiveness of the trading environment. While each Forex trader has various requirements and preferences, the best Forex brokers in Belize share core features. My Forex brokers in Belize review focused on the criteria below.
All competitive Belize Forex brokers should offer the following:
- Regulation - 10+ years featuring a clean regulatory track.
- Low trading fees - Competitive trading fees, and forex swap rates, including positive ones, where the EUR/USD should not exceed 0.9 pips or $9.00 per 1.0 standard round lot.
- Trading platforms - Traders should look to MT4 or MT5 for algorithmic trading, copy trading services, and a mobile app, depending on their requirements.
- Asset diversity - A balanced asset selection increases trading opportunities and profit potential.
- Deposits/withdrawals - No internal transaction fees, low minimum requirements, and a choice of e-wallets and preferably cryptocurrency deposits and withdrawals.
Forex Trading Regulations in Belize
The Financial Services Commission (FSC) regulates the Forex market and emerged among the most competitive Forex regulators. Belize is an off-shore financial center and home to leading international Forex brokers. Forex brokers and traders benefit from a capable regulator that implements a business and trader-friendly regulatory approach, with strict privacy laws. This counters the restrictive measures taken by all tier-1 regulators except for New Zealand.
While Forex traders in Belize can open accounts with most Forex brokers, they can opt for a local option, given the many Forex brokers domiciled in Belize with their global headquarters inviting traders for in-person meetings if desired.
How Much Is Forex Leverage in Belize?
Forex brokers in Belize offer the industry standard for major currency pairs of 1:500 but are free to apply higher leverage. The best Forex brokers in Belize offer automatic stop-outs and negative balance protection to ensure traders cannot lose more than they deposit.
Forex traders must always use proper risk management when trading leveraged accounts and understand the relationship between leverage and risk management. Despite offering 1:500 leverage, actual leverage in portfolios is notably smaller, a concept most traders and regulators fail to understand.
How to Start Forex Trading in Belize
Beginners can shorten their learning curve by considering my tips below, which also highlight areas of study to focus on
Here are my Forex trading tips:
- Start with in-depth education.
- Approach and respect Forex trading for the highly skilled profession it is.
- Trading psychology separates up to 90% of unprofitable traders from profitable ones.
- Study the leverage-risk management relationship.
- Leverage magnifies profits and losses.
- Risk management is as equally important as the Forex trading strategy.
- Your trading strategy should reflect your personality.
- Low trading fees determine a competitive trading environment.
- Learn effective take-profit and stop-loss placement.
Forex Trading Taxation in Belize
I found no verifiable information about Forex taxation during my Forex Brokers in Belize review, but Belize levies a personal income flat tax of 25% on income above $26,000. Therefore, I advise Forex traders from Belize to consult a legal professional to seek tax advice in Belize to ensure compliance with local rules and regulations.
Pros and Cons of Forex Trading in Belize
Before opening an account with Forex brokers in Belize, I urge Forex traders to consider the pros and cons of Forex trading in Belize.
The Pros of Forex Trading in Belize
- Capable local regulator
- Many leading Forex brokers headquartered in Belize
- Ultra-competitive trading conditions
- High-speed internet connection
The Cons of Forex Trading in Belize
- The availability of domestic assets is limited
- The time zone is not ideal for trading during the most liquid period
- Forex education requires more focus
Bottom Line
Belize has one of the most competitive Forex regulators, the Financial Services Commission (FSC), business and trader-friendly regulations, plus strict privacy laws. Therefore, some of the best Forex brokers in Belize are leading international entities. The best trading platforms in Belize support algorithmic trading and offer copy trading solutions. The Forex brokers in Belize on my list provide ultra-competitive technological infrastructure and competitive fees, but beginners should start with in-depth education before funding an account.
