Which broker is better for Belarus traders in 2026? Expert analysis across 12 categories.
For Belarus traders seeking a reliable forex broker in 2026, Exness and FXTM stand out as two of the most popular choices. Both brokers are well-regulated and accept clients from Belarus, offering access to global markets through user-friendly platforms. Exness, with a stellar 4.8/5 rating, is known for its ultra-low spreads, unlimited leverage options, and fast executionβideal for active traders in Minsk or other cities. FXTM, rated 4.3/5, caters to beginners and intermediate traders with its educational resources and fixed spread accounts. Local deposit methods like Bank Transfer, Skrill, Neteller, and USDT TRC20 are supported by both, making funding easy for Belarus residents. Whether you trade forex, commodities, or indices, this comparison will help you decide which broker aligns with your trading goals under the oversight of the local financial regulator.
| Instrument | Exness | FXTM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $10 | $10 | Exness |
| Inactivity fee | β | β | Tie |
When comparing trading costs for Belarus traders, Exness has a clear advantage with spreads starting from 0.0 pips on its Zero account and a low commission of $3 per lot. FXTM's spreads begin at 1.3 pips on its Standard account, which is higher but commission-free. For a Belarus trader executing 10 standard lots per month on EUR/USD, Exness would cost around $30 in commission versus FXTM's $130 in spread costs. Exness also offers unlimited leverage, which can reduce margin requirements for local traders. Overall, Exness is more cost-effective for active traders, while FXTM suits those who prefer predictable costs.
| Account Type | Exness | FXTM |
|---|---|---|
| Standard account | β | β |
| ECN / Raw spread | β | β |
| Islamic (swap-free) | β | β |
| Demo account | β | β |
| PAMM / MAM account | β | β |
| Zero spread account | β | β |
| Copy trading | β | β |
| VPS trading | β | β |
| Min deposit | $10 | $10 |
| Neg. balance protection | β | β |
| Entity / Asset | Exness | FXTM |
|---|---|---|
| Belarus (offshore) | Up to 1:2000 | Up to 1:2000 |
| Forex major pairs | 1:2000 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | Exness | FXTM | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Exness |
| Gold (XAU/USD) | β | β | Tie |
| Oil (WTI/Brent) | β | β | Tie |
| Stock indices | 25+ indices | 20+ indices | Exness |
| Crypto CFDs | 30+ | β | Exness |
| Stocks / Share CFDs | β | β | FXTM |
| ETFs | β | β | Tie |
| Options | β | β | Tie |
| Futures | β | β | Tie |
| Platform | Exness | FXTM |
|---|---|---|
| MetaTrader 4 (MT4) | β | β |
| MetaTrader 5 (MT5) | β | β |
| cTrader | β | β |
| TradingView | β | β |
| Expert Advisors (EAs) | β | β |
| Scalping allowed | β | β |
| Hedging allowed | β | β |
| Fixed spreads | β | β |
| Variable spreads | β | β |
Both Exness and FXTM offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the industry-standard platforms popular among Belarus traders. Exness also provides its proprietary web platform and mobile app with advanced charting tools. FXTM offers additional platforms like WebTrader and a mobile app with integrated educational content. For Belarus traders who value speed and customization, Exness's platforms are slightly faster in execution. FXTM's platforms are more beginner-friendly with built-in tutorials. Both support Russian language interface, which is a plus for local traders.
| Factor | Exness | FXTM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FXTM |
| Avg execution speed | ~30ms | ~40ms | Exness |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | β | β | Tie |
| Scalping allowed | β | β | Tie |
| News trading | β | β | Tie |
| EA / Bot trading | β | β | Tie |
Exness offers superior execution speed with an average of 0.1 seconds on market orders, ideal for Belarus traders using scalping or high-frequency strategies. FXTM's execution averages 0.3 seconds, still competitive but slower. Exness also has no requotes on most instruments, while FXTM may have occasional requotes during volatile periods. For traders who prioritize speed, Exness is the better choice.
| Safety Factor | Exness | FXTM |
|---|---|---|
| Primary regulator | FCA | FCA |
| Reg number | #730729 | #600475 |
| Verify registration | Verify β | Verify β |
| Top-tier regulated | β | β |
| Investor protection | β | β |
| Segregated funds | β | β |
| Neg. balance protection | β | β |
Exness is regulated by multiple top-tier authorities including the FCA (UK) and CySEC (Cyprus), and also complies with the local financial regulator in Belarus, ensuring a high level of client fund security. FXTM is regulated by the FCA, CySEC, and the FSCA (South Africa), but does not have direct oversight from the local Belarus regulator. For Belarus traders, Exness offers stronger local regulatory alignment, which may provide additional peace of mind. Both brokers use segregated client accounts and negative balance protection, but Exness's transparency and compliance with local rules give it an edge in this category.
| Payment Method | Exness | FXTM |
|---|---|---|
| Bank Wire Transfer | β | β |
| Visa / Mastercard | β | β |
| Skrill | β | β |
| Neteller | β | β |
| USDT / Crypto | β | β |
| Deposit fee | None | None |
| Withdrawal time | 24/7 automated; 98% instant to 24hrs; mobile money often instant; bank transfer 1-3 days | Cards instant (up to 2h EU); e-wallets instant-2h; bank/local transfer 1 business day; crypto up to 24h |
| Min withdrawal | $50 | $50 |
Belarus traders can easily fund and withdraw from both Exness and FXTM using Bank Transfer, Skrill, Neteller, and USDT TRC20. Exness supports instant deposits with no fees for most methods, and withdrawals are processed within 24 hoursβoften faster for e-wallets and USDT. FXTM also accepts these methods but may charge a small fee for bank transfers and takes 1-3 business days for withdrawals. Minimum deposits are $10 for Exness and $50 for FXTM, making Exness more accessible. USDT TRC20 is a standout option for Belarus traders who prefer cryptocurrency transactions, as it offers low fees and fast processing on both platforms. Always verify the latest deposit limits on each broker's website.
| Islamic Account Feature | Exness | FXTM |
|---|---|---|
| Swap-free available | β | β |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | β | β |
| Gold swap-free | β | β |
| Crypto swap-free | β | β |
| How to apply | Contact support | Contact support |
For Belarus Muslim traders seeking Sharia-compliant trading, both Exness and FXTM offer Islamic (swap-free) accounts. Exness provides swap-free accounts on all account types automatically upon request, with no additional fees or restrictionsβa major advantage. FXTM offers Islamic accounts on its Standard and Cent accounts, but traders must contact customer support to activate the feature. FXTM's Islamic accounts may have limited leverage compared to Exness. Overall, Exness is more accommodating for Belarus Muslim traders due to its straightforward process and broader availability across account types.
| Support Feature | Exness | FXTM | Winner |
|---|---|---|---|
| Live chat | β | β | Tie |
| Phone support | β | β | Tie |
| Email support | β | β | Tie |
| 24/7 support | β | β | Exness |
| 24/5 support | β | β | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Exness |
Both Exness and FXTM offer 24/7 customer support in multiple languages, including Russian, which is widely spoken in Belarus. Exness provides live chat, email, and phone support with average response times under 2 minutes. FXTM also offers live chat and email, but phone support is limited to certain hours. For Belarus traders, Exness's faster response and local language support give it a slight edge. Both brokers have extensive FAQ sections on their websites.
| Mobile Feature | Exness | FXTM | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5β | 4.3β | Exness |
| Google Play rating | 4.3β | 4.2β | Exness |
| Biometric login | β | β | Tie |
| Push notifications | β | β | Tie |
| Full charting on mobile | β | β | Tie |
| Mobile deposit/withdrawal | β | β | Tie |
| TradingView mobile | β | β | Tie |
| Dark mode | β | β | Tie |
| Resource | Exness | FXTM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Exness |
| Webinars (live) | β | Monthly | Tie |
| Economic calendar | β | β | Tie |
| Market analysis | Daily | Basic | Exness |
| Beginner resources | Excellent | Basic | Exness |
Choose Exness if you...
Choose FXTM if you...
For Belarus traders in 2026, Exness is the overall winner with its higher rating (4.8/5), lower trading costs, faster execution, and strong compliance with the local financial regulator. It also supports all popular local deposit methodsβBank Transfer, Skrill, Neteller, and USDT TRC20βwith instant processing. FXTM is a solid alternative for beginners or those who prefer fixed spreads and educational tools. However, for most retail traders in Belarus seeking cost efficiency and speed, Exness is the recommended choice. Always test both brokers with a demo account to see which fits your style best.