To help you find the best online brokers in 2021, we went ahead and did the research for you. First, we selected 81 quality online brokers, then checked and compared basically every aspect of their offering: fees, available markets and products, trading platforms, deposit and withdrawal options and much much more. To be selected best online broker, service providers had to prove their excellence in multiple areas. We dug deep, so you won't have to.
5 brokers made it to the top in Belarus. We highly recommend all 5 to you. And now, without further ado...
The top 5 picks for best international online broker of 2021 for citizens in Belarus:
- Saxo Bank is the best international online broker in 2021. Great trading platform. Outstanding research. Broad product portfolio.
- XTB takes second place. Low forex fees. Free and fast deposit and withdrawal. Easy and fast account opening.
- Fusion Markets rounds out the top three. Low trading and non-trading fees. Fast and easy account opening. Great customer service.
- IG, numero quattro. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- Tickmill just made it to the list at in fifth place. Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | Saxo Bank | Danish investment bank | 4.8 | Best forex broker |
| #2 | XTB | Global CFD and forex broker | 4.7 | Best CFD broker |
| #3 | Fusion Markets | Australian forex broker | 4.5 | Best discount forex broker |
| #4 | IG | Global CFD and forex broker | 4.6 | |
| #5 | Tickmill | Global forex broker | 4.5 |
What makes a good online broker? Surely, they need to provide great service in all areas. First of all, they need to offer fair fees and have a good safety score. Opening an account and depositing money should also be user-friendly processes. They need to provide access to a wide range of products and have a great platform.
These features are easy to list, but hard to figure out. We test brokers based on more than ~300 criteria with real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.
Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with our in-depth comparison table.
And now, let's see the best international online brokers in 2021 for citizens in Belarus one by one, starting with the winner, Saxo Bank.
#1 Best international online brokers for citizens in Belarus
Saxo Bank
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).
Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.
Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.
Recommended for investors and traders looking for a great trading platform and solid research
| Pros | Cons |
|---|---|
| • Great trading platform | • High bond, options and futures fees |
| • Outstanding research | • High minimum deposit |
| • Broad product portfolio | • Lacks live chat and 24/7 availability |
#1 Saxo Bank
Fees
Saxo Bank has average trading and non-trading fees overall. Trading fees vary greatly between different asset classes.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • Low fund fees | • High bond, options and futures fees |
| • No withdrawal fee |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $10.0 | - | $15.0 | - |
| UK stock | $10.4 | $12.0 | - | $10.4 | - |
| EURUSD benchmark fee | $7.8 | $8.5 | $5.2 | $17.5 | $6.7 |
| AUDUSD benchmark fee | $7.1 | $6.7 | $5.4 | $12.2 | $4.8 |
| GBPUSD benchmark fee | $6.2 | $6.1 | $4.3 | $11.0 | $4.7 |
| S&P 500 index CFD fee | $1.5 | $1.5 | $0.0 | $1.2 | $1.5 |
| Europe 50 index CFD fee | $2.1 | $1.8 | $1.5 | $1.6 | $1.5 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#1 Saxo Bank
Account opening
Saxo's account opening is fully digital, user-friendly and available in most countries. On the other hand, the minimum deposit is high in certain countries and account verification can take longer.
| Pros | Cons |
|---|---|
| • Fully digital | • Minimum deposit is high in certain countries |
| • User-friendly | • Slow account verification |
| • Available in almost every country |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $10,000 | $0 | $0 | $0 | $100 |
| Time to open account | >3 days | 1 day | 1 day | 1-3 days | 1 day |
#1 Saxo Bank
Deposit and withdrawal
Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Electronic wallets not available for deposit or withdrawal |
| • Free withdrawal | |
| • No deposit fee |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | Yes | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#1 Saxo Bank
Markets and products
Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where the selection could be improved.
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | No |
| ETF | Yes | Yes | No | Yes | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#1 Saxo Bank
Web trading platform
Saxo Bank's web trading platform is one of the best among online brokers. While it's easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Clear fee report | |
| • Two-step (safer) login |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 5.0 stars | 4.4 stars | 2.8 stars | 5.0 stars | 2.8 stars |
| Mobile platform score | 5.0 stars | 4.4 stars | 3.8 stars | 5.0 stars | 3.8 stars |
| Desktop platform score | 5.0 stars | 4.4 stars | 3.4 stars | - | 3.4 stars |
#1 Saxo Bank
Verdict
Saxo Bank is a great broker, providing a complex and good service.
It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.
It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.
In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA. |
| Fees score | 3.1 stars |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
#2 Best international online brokers for citizens in Belarus
XTB
XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.
XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
| Pros | Cons |
|---|---|
| • Low forex fees | • High fees for stock CFDs |
| • Free and fast deposit and withdrawal | • Product portfolio limited mostly to CFDs and FX |
| • Easy and fast account opening | • Limited fundamental data |
#2 XTB
Fees
XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Free withdrawal for transfers above $100 |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $10.0 | - | $15.0 | - |
| UK stock | $10.4 | $12.0 | - | $10.4 | - |
| EURUSD benchmark fee | $7.8 | $8.5 | $5.2 | $17.5 | $6.7 |
| AUDUSD benchmark fee | $7.1 | $6.7 | $5.4 | $12.2 | $4.8 |
| GBPUSD benchmark fee | $6.2 | $6.1 | $4.3 | $11.0 | $4.7 |
| S&P 500 index CFD fee | $1.5 | $1.5 | $0.0 | $1.2 | $1.5 |
| Europe 50 index CFD fee | $2.1 | $1.8 | $1.5 | $1.6 | $1.5 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#2 XTB
Account opening
XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $10,000 | $0 | $0 | $0 | $100 |
| Time to open account | >3 days | 1 day | 1 day | 1-3 days | 1 day |
#2 XTB
Deposit and withdrawal
XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | Yes | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#2 XTB
Markets and products
XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | No |
| ETF | Yes | Yes | No | Yes | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#2 XTB
Web trading platform
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 5.0 stars | 4.4 stars | 2.8 stars | 5.0 stars | 2.8 stars |
| Mobile platform score | 5.0 stars | 4.4 stars | 3.8 stars | 5.0 stars | 3.8 stars |
| Desktop platform score | 5.0 stars | 4.4 stars | 3.4 stars | - | 3.4 stars |
#2 XTB
Verdict
XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.
On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.
XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.
We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.
| XTB | |
|---|---|
| Summary | XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec. |
| Fees score | 3.9 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
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#3 Best international online brokers for citizens in Belarus
Fusion Markets
Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
| Pros | Cons |
|---|---|
| • Low trading and non-trading fees | • Basic educational tools |
| • Fast and easy account opening | • Limited product selection |
| • Great customer service | • No investor protection |
#3 Fusion Markets
Fees
Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.
| Pros | Cons |
|---|---|
| • Low non-trading fees | None |
| • Low forex fees | |
| • No withdrawal or inactivity fees |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $10.0 | - | $15.0 | - |
| UK stock | $10.4 | $12.0 | - | $10.4 | - |
| EURUSD benchmark fee | $7.8 | $8.5 | $5.2 | $17.5 | $6.7 |
| AUDUSD benchmark fee | $7.1 | $6.7 | $5.4 | $12.2 | $4.8 |
| GBPUSD benchmark fee | $6.2 | $6.1 | $4.3 | $11.0 | $4.7 |
| S&P 500 index CFD fee | $1.5 | $1.5 | $0.0 | $1.2 | $1.5 |
| Europe 50 index CFD fee | $2.1 | $1.8 | $1.5 | $1.6 | $1.5 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#3 Fusion Markets
Account opening
Account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $10,000 | $0 | $0 | $0 | $100 |
| Time to open account | >3 days | 1 day | 1 day | 1-3 days | 1 day |
#3 Fusion Markets
Deposit and withdrawal
Fusion Markets does not charge any fees for deposits and most withdrawal options. You can use bank transfer, credit/debit cards and electronic wallets for adding money; however, there are no minor account currencies accepted.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • No minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | Yes | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#3 Fusion Markets
Markets and products
Fusion Markets gives access to many currency pairs and some CFDs. On the other hand, it lacks a lot of popular asset classes, such as real stocks, ETFs and funds.
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | No |
| ETF | Yes | Yes | No | Yes | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#3 Fusion Markets
Web trading platform
The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 5.0 stars | 4.4 stars | 2.8 stars | 5.0 stars | 2.8 stars |
| Mobile platform score | 5.0 stars | 4.4 stars | 3.8 stars | 5.0 stars | 3.8 stars |
| Desktop platform score | 5.0 stars | 4.4 stars | 3.4 stars | - | 3.4 stars |
#3 Fusion Markets
Verdict
Fusion Markets is a great forex broker with very low fees.
It offers low trading and non-trading fees. Account opening is fast and easy, and customer service provides quick and relevant answers.
On the negative side, Fusion Markets has limited educational tools. The product offering covers only forex and some CFDs. Lastly, there is no investor protection provided.
As you can open an account within a day and fees are low, feel free to try Fusion Markets.
| Fusion Markets | |
|---|---|
| Summary | Fusion Markets is an Australia-based discount forex broker, regulated by the ASIC and VFSC. |
| Fees score | 4.8 stars |
| Recommended for | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform |
#4 Best international online brokers for citizens in Belarus
IG
Note (February 18 2021): Due to an unexpected interest in the markets in January 2021, IG decided to halt new share dealing account registration in the UK and Australia.
IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.
IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
Recommended for traders of any experience level looking for an easy-to-use trading platform
| Pros | Cons |
|---|---|
| • First-class web trading platform | • High forex and stock CFD fees |
| • Superb educational tools | • Limited product portfolio |
| • Great deposit and withdrawal options | • Slow customer support |
#4 IG
Fees
IG has low non-trading fees. There is no fee for withdrawals and an inactivity fee is charged only after 2 years. On the negative side, the forex and stock CFD fees are high.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • High forex fees |
| • Inactivity fee charged only after 2 years | • High financing rate |
| • High stock CFD trading fees |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $10.0 | - | $15.0 | - |
| UK stock | $10.4 | $12.0 | - | $10.4 | - |
| EURUSD benchmark fee | $7.8 | $8.5 | $5.2 | $17.5 | $6.7 |
| AUDUSD benchmark fee | $7.1 | $6.7 | $5.4 | $12.2 | $4.8 |
| GBPUSD benchmark fee | $6.2 | $6.1 | $4.3 | $11.0 | $4.7 |
| S&P 500 index CFD fee | $1.5 | $1.5 | $0.0 | $1.2 | $1.5 |
| Europe 50 index CFD fee | $2.1 | $1.8 | $1.5 | $1.6 | $1.5 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#4 IG
Account opening
IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
| Pros | Cons |
|---|---|
| • Fully digital | • Slower account opening |
| • Low minimum deposit | |
| • No minimum deposit for bank transfer |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $10,000 | $0 | $0 | $0 | $100 |
| Time to open account | >3 days | 1 day | 1 day | 1-3 days | 1 day |
#4 IG
Deposit and withdrawal
IG offers free and fast deposits and withdrawals. There are various options for funding your account, including traditional methods such as bank wire transfer and credit card funding, as well as PayPal.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | Yes | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#4 IG
Markets and products
At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents in the UK and some other countries can also trade with real stocks. Other popular assets, however, like mutual funds and bonds, are not available.
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | No |
| ETF | Yes | Yes | No | Yes | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#4 IG
Web trading platform
IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Clear fee report | |
| • Two-step (safer) login |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 5.0 stars | 4.4 stars | 2.8 stars | 5.0 stars | 2.8 stars |
| Mobile platform score | 5.0 stars | 4.4 stars | 3.8 stars | 5.0 stars | 3.8 stars |
| Desktop platform score | 5.0 stars | 4.4 stars | 3.4 stars | - | 3.4 stars |
#4 IG
Verdict
IG is one of the biggest and most reliable CFD brokers. It is regulated by several financial authorities around the world. IG Group is listed on the London Stock Exchange.
IG has one of the best web trading platforms BrokerChooser has tested. The deposit and withdrawal conditions are great. You can also expand your knowledge with great educational materials.
On the other hand, there are some drawbacks. The forex and stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs and options. Customer support could be better.
Feel free to test IG's first-class trading platform, since there is no minimum funding amount for bank transfers and you can also easily open a demo account.
| IG | |
|---|---|
| Summary | IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA. |
| Fees score | 2.9 stars |
| Recommended for | Traders of any experience level looking for an easy-to-use trading platform |
#5 Best international online brokers for citizens in Belarus
Tickmill
Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in the United Kingdom.
Tickmill is considered safe because it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees and prefer metatrader 4 platform
| Pros | Cons |
|---|---|
| • Low forex fees | • Only forex and CFDs |
| • Fast and easy account opening | • Trading platforms with outdated design |
| • Free deposit and withdrawal | • Basic news feeds |
#5 Tickmill
Fees
Tickmill has low forex, but average CFD fees. There is no fee for deposit, withdrawal, or inactivity.
| Pros | Cons |
|---|---|
| • Low forex fees | • Average CFD fees |
| • No withdrawal fee | |
| • No inactivity fee |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| US stock | $10.0 | $10.0 | - | $15.0 | - |
| UK stock | $10.4 | $12.0 | - | $10.4 | - |
| EURUSD benchmark fee | $7.8 | $8.5 | $5.2 | $17.5 | $6.7 |
| AUDUSD benchmark fee | $7.1 | $6.7 | $5.4 | $12.2 | $4.8 |
| GBPUSD benchmark fee | $6.2 | $6.1 | $4.3 | $11.0 | $4.7 |
| S&P 500 index CFD fee | $1.5 | $1.5 | $0.0 | $1.2 | $1.5 |
| Europe 50 index CFD fee | $2.1 | $1.8 | $1.5 | $1.6 | $1.5 |
The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.
#5 Tickmill
Account opening
Tickmill has a fast and easy account opening process. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP accounts.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Minimum deposit | $10,000 | $0 | $0 | $0 | $100 |
| Time to open account | >3 days | 1 day | 1 day | 1-3 days | 1 day |
#5 Tickmill
Deposit and withdrawal
Deposit and withdrawal are fast and free of charge. There is a wide range of options including bank transfer, credit/debit cards, or electronic wallets. On the other hand, the number of available account base currencies is low.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Few account base currencies |
| • No deposit fee |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | Yes | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#5 Tickmill
Markets and products
At Tickmill, you can trade only CFDs on forex, stock indices, commodities, and German government bonds. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | No | Yes | No |
| ETF | Yes | Yes | No | Yes | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Fund | Yes | No | No | No | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | No |
#5 Tickmill
Web trading platform
Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts, and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Web platform score | 5.0 stars | 4.4 stars | 2.8 stars | 5.0 stars | 2.8 stars |
| Mobile platform score | 5.0 stars | 4.4 stars | 3.8 stars | 5.0 stars | 3.8 stars |
| Desktop platform score | 5.0 stars | 4.4 stars | 3.4 stars | - | 3.4 stars |
#5 Tickmill
Verdict
Tickmill is a low-cost forex and CFD broker, regulated by several authorities globally, including the top-tier FCA.
On the plus side, we liked the low forex fees. Account opening is seamless and there are a lot of free deposit/withdrawal options.
Tickmill has some drawbacks though. Its product range is limited to forex, CFDs on some stock indexes and commodities. The trading platforms have outdated design and the news feed is basic.
We recommend Tickmill for those who are interested in CFD and forex trading and like MetaTrader trading platforms. Feel free to test it via the demo account.
| Tickmill | |
|---|---|
| Summary | Tickmill is a low-cost forex and CFD broker. It is regulated by different financial authorities, including the top-tier FCA. |
| Fees score | 4.5 stars |
| Recommended for | Forex traders looking for low fees and prefer MetaTrader 4 platform |
Best international online brokers for citizens in Belarus
What makes a good online broker
Now that you know the top 5, you are probably curious how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?
What is an online broker?
Thirty years ago, if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like characters in the movie 'Wolf of Wall Street'. They were constantly monitoring stock prices while holding the phone and shouting. The Internet changed all that. Nowadays, if you want to invest in Apple shares, you open an online account, deposit money, and set up an order on the brokers' online platform. These platforms are the online brokers. Online brokers help you buy and sell securities like stocks and ETFs. After creating your order, the online broker executes it immediately. It all takes place online.
Are these brokers safe?
We consider each broker on our list safe. You can be sure none of them is a scam. All the brokers featured on BrokerChooser are regulated by at least one authority.
However, brokerage companies can still go bust. Remember the collapse of Lehman Brothers? In such cases, it is important to know what happens with your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.
If all goes wrong, and for example, the broker steals your assets, then you have a last resort: the compensation fund of the country where the broker is regulated.
How did BrokerChooser pick the best online brokers?
At BrokerChooser, we test online brokers based on more than ~300 criteria, with real accounts and real money. We don\'t want to overwhelm you, so we will list the five most important criteria.
| 1. Fees | The trading fees of a typical US equity trade can be 50 times higher at one online broker compared to another. It's definitely worth checking these fees. |
| 2. Account opening | Some online brokers require a minimum deposint to start investing while others don't ask for a fix first-time deposit. Check these reuirements at the best online brokers. |
| 3. Deposit and withdrawal | At some online brokers, funding and withdrawing funds can take 5 times longer and be much more expensive than at others. |
| 5. Trading platform | A user-friendly and well-equipped trading platform can significantly increase your trading comfort. |
| 4. Markets and products | You want to invest in Amazon or trade Bitcoin? They might not be available. Check the product lineup before opening an account. |
Best international online brokers for citizens in Belarus
Bottom line
These were the details, now let's zoom out. Here are the best international online brokers of 2021 for citizens in Belarus:
| Saxo Bank | XTB | Fusion Markets | IG | Tickmill | |
|---|---|---|---|---|---|
| Overall score | 4.8 | 4.7 | 4.5 | 4.6 | 4.5 |
| Best in | Best forex broker | Best CFD broker | Best discount forex broker | ||
| Fees score | 3.1 stars | 3.9 stars | 4.8 stars | 2.9 stars | 4.5 stars |
| Account opening score | 2.5 stars | 5.0 stars | 5.0 stars | 4.4 stars | 5.0 stars |
| Deposit and withdrawal score | 4.8 stars | 4.5 stars | 4.4 stars | 4.5 stars | 4.5 stars |
| Markets and products score | 5.0 stars | 2.8 stars | 1.8 stars | 3.9 stars | 1.4 stars |
| Web platform score | 5.0 stars | 4.4 stars | 2.8 stars | 5.0 stars | 2.8 stars |
| Mobile platform score | 5.0 stars | 4.4 stars | 3.8 stars | 5.0 stars | 3.8 stars |
| Open account |
Open account
79% of retail CFD accounts lose money |
Open account
74-89% of retail CFD accounts lose money |
Open account
75% of retail CFD accounts lose money |
Open account
75% of retail CFD accounts lose money |
Saxo Bank is our winner, the best international online broker in Belarus for 2021. Great trading platform. Outstanding research. Broad product portfolio.
All of these brokers are considered safe and a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country it will show only the relevant brokers. Want more details? Compare brokers with the help of our in-depth comparison table.
