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Trading forex from Belgium

Renoke
Sep 08 2019 at 20:04
posts 1
Hi Traders

I have been trading several months with a demo account and I'm right now looking to open a live account. The only problem is, my country, Belgium has some vague laws about forex trading in Belgium. Are here any experienced forex traders from Belgium or people with a live account who live in Belgium. Thanks!

ronin75
Sep 09 2019 at 11:56
posts 13
I hear you ... long live the fsma right ?

There were a lot of complaints of binary trading brokers stealing money from people and the fsma in their infinite wisdom shutdown forex alltogether as a result of that
so they came down hard on brokers that used aggressive false adverisements and crazy leverages etc...
the way i see it FSMA didnt ban forex trading completely, it just made it hard for the brokers to stay compliant with fsma rulings

that resulted in certain brokers like plus500 to shut down shop in belgium , or only providing 1/1 leverage right away ..

Well there are still brokers that accept residents of belgium ..
roboforex will point you straight to https://www.robomarkets.com if you want to register as a new client.
i think tickmill also provides with the option to register with their branch in the seychelles ..
or try to donate your money to a broker regulated in australia ..

i still have accounts with robo as well as tickmill , but that was before the fsma ruling so in that aspect , im not a 'new' client

Yozuru
Apr 12 2020 at 17:24
posts 18
Can you just use some offshore broker for that task entirely and possibly anyway for many many reasons out there clearly? I do not see anything within that matter. If I would be in your shoes I would do it that way. Good luck with that;)

RobSchiz
Apr 05 at 11:29
posts 242
Renoke posted:
Hi Traders

I have been trading several months with a demo account and I'm right now looking to open a live account. The only problem is, my country, Belgium has some vague laws about forex trading in Belgium. Are here any experienced forex traders from Belgium or people with a live account who live in Belgium. Thanks!

Wish you all the best for your future.

edwinbowers
Apr 14 at 08:14
posts 1
I think that you can use some offshore brokers that accept traders from Belgium. Just do a bit of research and you can achieve what you want.

margaritastephen
May 10 at 08:21
posts 20
It is good that you started with demo accounts and they are pretty good for practising and learning how the trades might end up. Also, if you don’t want to go for location specific brokers, you can always go with offshore accounts. I tried them once and if a broker is reputed, I don’t think there is any harm with trading on their platform. Rather, there are a few tax benefits with them. Even regulation isn’t an issue. Try to see if any broker meets your trading requirements and check their spreads, leverage, commissions and customer service to begin with.

glendawhite
Jun 16 at 12:08
posts 13
I think you should go with an offshore broker that accepts clients from Belgium if you are not sure about any other local broker that you find.

LukeRachel
Jun 20 at 02:27
posts 209
glendawhite posted:
I think you should go with an offshore broker that accepts clients from Belgium if you are not sure about any other local broker that you find.

That is my opinion. It will be much better for you.

Tremblay
Jun 23 at 17:54
posts 330
glendawhite posted:
I think you should go with an offshore broker that accepts clients from Belgium if you are not sure about any other local broker that you find.

I also agree with you.

SteveHanks
Jun 23 at 20:45
posts 235
margaritastephen posted:
It is good that you started with demo accounts and they are pretty good for practising and learning how the trades might end up. Also, if you don’t want to go for location specific brokers, you can always go with offshore accounts. I tried them once and if a broker is reputed, I don’t think there is any harm with trading on their platform. Rather, there are a few tax benefits with them. Even regulation isn’t an issue. Try to see if any broker meets your trading requirements and check their spreads, leverage, commissions and customer service to begin with.

Yes. demo is the best option to learn forex properly.

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