Brokers by Country · BY
Stock Brokers in Belarus, 2026
Tracked byIndependent review teamUpdated
Belarus runs a domestically-licensed retail forex market — the National Bank of the Republic of Belarus (NBRB) supervises forex companies under a 2014 framework that requires NBRB authorisation for retail FX intermediation. A small group of NBRB-licensed names operate (TeleTrade, MTBank's brokerage arm, Alpari Eurasia historically). Following 2022 sanctions, international banking access has been severely constrained; most retail FX activity now routes through stablecoins and third-country corridors.
2 / 4 brokers accept Belarus
stockEditorial top pick
01Editorial top pick
01XM Group
ASICCySECIFSCOpen account at XM Group →- Avg spread
- 1.30pip
- Cost / lot
- $13.00
- Min deposit
- $5
- Max leverage
- 1:1000
midpoint of broker rangeno commissionEU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000$5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list
Fits ifYou want the lowest-friction entry in our list — $5 minimum depositPlatformsMetaTrader 4, MetaTrader 5, Web TraderFounded in 2009 · Verified Jun 1, 2026
- 02
02Libertex
SVG FSAOpen account at Libertex →- Avg spread
- 0.50pip
- Cost / lot
- $5.00
- Min deposit
- $10
- Max leverage
- 1:999
midpoint of broker rangeno commissionLibertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.$10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight
Fits ifYou have $10 to start — one of the lowest entry minimums in our listPlatformsMetaTrader 4, MetaTrader 5, Libertex PlatformFounded in 1997 · Verified Jun 1, 2026
Country context
- Regulator
- NBRB · National Bank of the Republic of Belarus — central bank with banking, currency and capital-markets oversight; the Ministry of Finance handles securities-market policy
- Currency
- BYN
- Payment methods
- ERIPBank transfer (BYN)Wire transfer (USD via third-country)USDT
Personal income tax is a flat 13% for residents on most income types. Capital gains on financial instruments fall under personal income unless from licensed Belarusian securities held over specific terms. Foreign brokers do not withhold; income is self-declared via the MNS (Ministry of Taxes and Duties) annual return.
NBRB-licensed brokers operate under domestic leverage rules; offshore brokers serving Belarusian residents apply their own limits. Most major international brokers list Belarus as restricted due to OFAC, EU and UK sanctions screening; KYC commonly fails. Cross-border BYN transfers face de facto and de jure constraints; USDT has become the practical funding rail.
Frequently asked
Which brokers accept residents of Belarus?+
2 of 4 brokers in our ranking accept Belarus: XM Group, Libertex.
Who regulates brokers for Belarus?+
Primary regulator: NBRB — National Bank of the Republic of Belarus — central bank with banking, currency and capital-markets oversight; the Ministry of Finance handles securities-market policy.
What payment methods are available?+
Common methods: ERIP, Bank transfer (BYN), Wire transfer (USD via third-country), USDT.
What are the tax rules for trading in Belarus?+
Personal income tax is a flat 13% for residents on most income types. Capital gains on financial instruments fall under personal income unless from licensed Belarusian securities held over specific terms. Foreign brokers do not withhold; income is self-declared via the MNS (Ministry of Taxes and Duties) annual return.
Scope of coverage
- Brokers tracked
- 14
- Regulators indexed
- 55
- Regulator actions logged
- 2
- Latest pricing verification
- Jun 1, 2026
Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.