Forex brokers in Belarus from Masterforex-V traders

Forex brokers in Belarus are brokerage companies that work with citizens of Belarus. Through these companies, Belarusian investors and traders gain online access to stock, foreign exchange, futures, cryptocurrency and commodity markets for the purpose of trading, as well as investing in financial instruments and obtaining greater returns.

What is needed for successful trading with Forex brokers in Belarus and what problems traders may encounter - in our new material on the Masterforex-V wiki.

All Forex brokers present on the Belarusian market can be divided into two categories: those that operate de jure, i.e. have a license from the National Bank of the Republic of Belarus and the rest, working de facto, but with foreign registration and licenses, with which it is also possible to open accounts for citizens of Belarus.

Are binary options allowed in Belarus?

Belarusian legislation strictly controls the financial sector.
Since 2021, the country has a decree regulating the work of organizations in the over-the-counter market. According to the decree, forex companies registered in the country must operate in accordance with the law and have a license from the National Bank. It is forbidden to promise guaranteed profits in Forex advertising, but information about the risks of loss of capital must be provided. Binary trading has not yet been affected by legislative changes.
This activity is not regulated or prohibited by the government. Even the National Bank of the Republic of Belarus in its comments to the decree says that trading binary options cannot be considered an activity on the over-the-counter Forex market. For ordinary citizens, this means that trading on BOs is possible without legislative prohibitions and restrictions.

Binary options market in the Republic of Belarus

Since the status of over-the-counter option contracts in Belarus is not defined, there are no registered companies in the country that provide such financial services. Brokers operating under a license from the National Bank provide residents of the country with access to Forex, but do not offer other trading instruments. Even investment PAMM accounts are prohibited.

However, residents of the country can trade digital contracts on platforms on the Internet. And traders have a wide choice of brokers. International companies that left Russia due to changes in legislation easily work with traders from Belarus, Ukraine, and other post-Soviet states.

Belarusian cryptocurrency legislation

In 2021, the Decree “On the Development of the Digital Economy” came into force in Belarus. The document introduced mining, tokens, smart contracts, and crypto exchanges into the legal framework of the country.

The developers of the Decree used the experience of countries with developed cryptocurrency legislation - Switzerland and Japan. In preparing the legal framework, local specialists were assisted by auditors, former head of the Swiss Central Bank Martin Hess and representatives of the Currency.com crypto exchange.

Six months after the adoption of the Decree, the Supervisory Board of the High Technology Park (HTP) approved the rules for the operation of cryptocurrency companies, including strict requirements for reporting, hiring personnel and cybersecurity.

At the time of writing, there are only three crypto exchanges among the 800 HTP residents: Currency.com, iExchange and Free2ex.

Taxes

The issue of taxation interests almost everyone. Citizens of Belarus are no exception. Judging by reviews on the Internet, any additional income of a resident of the country is of interest to the tax authorities, and payments of large sums from foreign companies - even more so.

According to Belarusian legislation, almost all income of citizens is taxed. Having received a cash payment, a resident of the republic is obliged to transfer 13% of the amount to the state. An exception is transfers in the amount of no more than 5,555 rubles per year.

In 2021, a separate article on taxation of income from gambling was introduced into the legislation. Any payments from the casino are subject to tax at a rate of 4%. This rule applies even if the client withdraws his deposit from the platform.

Since binary options are not gambling, you need to pay 13 percent on income from trading BO.

The penalty for tax evasion is 15% of the income received. It is better to file a return and pay tax than to pay fines later. Especially if we are talking about large amounts.

Important points

1. The amount indicated in the declaration is formed throughout the year.
2. The amount of income includes profit. The money that was invested is not indicated.
3. Money that is withdrawn from the system is subject to tax. The rate is standard for every citizen of Belarus.
4. If the tax has not been paid, a fine will be imposed on the person's card.

Knowledgeable people advise beginners to choose brokers who were formed in Belarus. They help with the official registration of activities and send the necessary certificates. Also, the tax amount is automatically debited from the accounts, which means that late payments are not possible. In the case of foreign brokers, these services will not be available. Most likely, they will begin to ignore user requests and may even block you. In this case, the calculations are carried out by the user.

And one more thing: there is no protection when working with foreign brokers. The brokerage company may turn out to be a scam and disappear with investors' money. Since the advent of the Internet, this area has become popular among scammers. Any novice deceiver tries to create his own fake exchange or offers forecasting services. Of course, these predictions are invalid, and the money goes into the scammer's pocket.

To avoid falling into the hands of dishonest people, you need to choose popular brokers that have many reviews. It is important that it has a history, as there are custom reviews. Also, reviews of video bloggers can be paid. When choosing a broker, you need to consult with experienced traders.

The best binary options brokers in Belarus

The lack of government control in the field of binary trading is good for brokers, but not so good for traders. On the one hand, the fewer legislative prohibitions there are for private companies, the easier it is for them to work. Now residents of the country have no problems accessing almost all international brokers and their trading platforms on the Internet, except for IQ Option. The popular Binomo and Olymp Trade left Russia, but continue to work with Belarusians.

On the other hand, if the broker is not controlled by anyone, then his clients are at great risk. If a trader becomes a victim of scammers or a controversial situation, then you cannot go to the government authorities with a complaint. They will not be able to protect a citizen and influence a company that operates outside Belarusian laws.

The way out of this situation is to work with reliable, proven brokers who have a license from an international regulator. Such companies can be found through our website.

Licenses and regulators

Most brokers who now operate on the Internet and accept clients from Belarus are companies registered in economically free territories. In such countries, legislation and taxation are simple, and control over the activities of firms is minimal. One of the most popular countries for registering a brokerage company is the small country of Saint Vincent and the Grenadines.

But it is not enough to simply register a company and create a convenient trading terminal for clients. After registration, the company obtains a license from one of the regulators. Then it must be updated and audited every one to two years. This is an additional expense for the company.

On the Internet, the most common trading platforms are licensed by the Financial Commission, the Cyprus Securities and Exchange Commission, and the Russian organization TsROFR.

The regulator controls the activities of brokers, receives complaints, and in case of difficult situations resolves them. If a brokerage company does not work according to the rules and blocks client accounts, then the regulator can return the money to the trader.

If a company has one or more licenses, this may indicate its reliability. Such a broker is interested in work, and not in paying fines to the regulator.

What trading tools do Forex brokers offer?

Today, the choice of trading instruments is quite large. But there's always

1. Currency pairs , their quotes and charts EUR CHF, EUR RUB, USD ALL, EUR BYN, EUR JPY, USD BGN, ​EUR GBP, EUR NZD, EUR AUD, USD GIP, NOK CAD, DKK CHF, EUR CAD, EUR NOK, EUR LKR, EUR SEK, USD NOK, NOK SEK, CHF ISK, GBP BAM, EUR MKD, USD RUB, EUR RUB, BYN RUB, EUR MDL, PLN HUF, RON EUR, USD RUB, USD BYN, USD UAH, GBP RSD , UAH RUB, USD HKD, USD MDL, GBP BZD, EUR SEK, GBP USD, USD JPY, USD CHF, JPY LAK, EUR BMD, JPY HNL, USD PLN, NZD USD, USD CAD, CHF DOP, JPY NIO, CAD JMD, AUD USD, USD SEK, GBP BMD, USD NOK, USD AZN, USD KZT, BHD JPY, CAD PYG, CHF CLP, USD CZK, RON USD, USD CNY, SGD IDR, JOD AED, CAD YER, HUF USD, USD VND, USD SGD, GBP VUV, USD THB, USD ZAR, KGS RUB, CAD FJD, USD ILS, USD GEL, EUR QAR, CAD AOA, USD TRY, USD MXN, RUB LBP, AUD USD, EUR AUD, AUD RUB , USD MOP, GEL RUB, EUR NZD, NZD USD, SAR HKD, USD ZAR, NZD RUB, EUR AMD, KWD HKD, CHF TMT, EUR ZAR, ZAR RUB.
2. CFDs on commodities from numerous commodity and futures exchanges, such as MGEX, CME, CBOT, Comex, LIFFE, ECX, MCX, FORTS, Safex, TOCOM, ODE - WTI oil and Brent oil, natural gas, heating oil, gasoline, electricity , barley, coal, liquefied gas, corn, wheat, soybeans, oats, rice, soybean oil, soybean meal, live cattle, cotton, milk, pork carcasses, young fattening bulls, coffee, cocoa, sugar, etc.
3. CFDs on world stock indices - such popular ones as NIKKEI 225, S&P 500, NASDAQ 100, FTSE 100, RTS, DAX 30, Dow Jones 30; and less popular - TOPIX Core 30, IMOEX, SMI 20, WIG 20, JTOPI, ASX 200, SZI, HSI, ATX, SET, IBEX 35, TecDAX, CAC 40, MDAX, TA 35, Euronext 100, BIST 30, SSE 50 , NIFTY 50, TSX 60, KOSPI, etc.
4. CFDs on cryptocurrencies such as: DigixDAO, Bitcoin BTC, XTZ, NEM, MINDOL, HedgeTrade, Ontology, Huobi Token, Ripple, Nano, Ethereum, Qtum, ZB Token, Litecoin, VeChain, OmiseGO, Dogecoin, Bitcoin Cash, Decred, Maker , ETC, FTX Token, BNB, Nexo, Seele, IOT, XMR, THETA, ADA, Algorand, Waves, EOS, Augur, NEO, LINK, Steem, ABBC Coin, Holo, TRX, BSV, Centrality, XLM, DSH, Tezos , OmiseGO, Ravencoin, DASH, Zilliqa, ZEC, etc.

Payment systems

Companies that provide platforms for trading financial instruments try to connect the maximum number of payment methods. Residents of Belarus can top up their account on the website of an international broker:

• From bank cards of international payment systems.
• From Russian electronic wallets, for example from WebMoney.
• Through foreign EPS: for example Skrill, Neteller.

The broker does not have a commission for replenishment, but it may be from the bank or payment system.

According to the rules, it is possible to withdraw earned money using the same method in which it was deposited into the account. For example, if you top up a deposit from a card, the broker’s payment will be transferred there, which means the tax office will know about the income. Therefore, experienced traders prefer to use electronic wallets for work and withdraw profits to them. Earned money can be transferred online without control and restrictions or transferred to a bank card.

You can also transfer electronic currency from your wallet into real money - Belarusian rubles or dollars. But such an opportunity exists only in large cities, for example, in Minsk.

How to start trading binary options in Belarus

For trading, state borders are practically unimportant. You can learn the basics, register and work on the platform from almost anywhere in the world.

Compared to Forex, binary options trading has several advantages:

• Opportunity to earn money in just one minute.
• High profitability. If the trader's forecast is correct, you can receive a payout of up to 95% of the investment amount.
• To make a profit, it is enough for the price to change by just one point.
• You can start trading with minimal capital.

Considering that there are no legislative restrictions on this type of earnings in Belarus, there are no prohibitions for citizens of the country to register on the platform. To start trading you need:

1. Read the terms and choose a company . On our website you can find reliable brokers with a license, a minimum deposit, profitable bonuses, and fast payouts. There is a rating of the best companies and reviews of the work of each of them.
2. Register on the trading platform . To do this, you must enter your email address (e-mail) and password. You can use a social network, this will make registration faster.
3. Select account currency . Usually brokers offer to open an account in Russian rubles or dollars, so trading in Belarusian rubles will not work.
4. Explore the platform and demo account . Beginning traders should use it for at least one week, and preferably two. It's free.
5. Be sure to develop a trading plan and strategy.
6. Top up your deposit and start trading . It doesn’t matter in what currency the client’s bank card or e-wallet is opened. The payment amount will be recalculated in the trading account currency automatically.

According to the rules of competent capital management, you need to invest no more than ten percent of the deposit into a transaction. This point should be taken into account before replenishing your account.

Is it possible to trade binary options in Belarus with 10 rubles? You cannot make a deposit of this amount. The minimum payment that brokers can accept is 5-10 dollars. Although on our website you can find platforms where for trading it is enough to top up your account with only 300 Russian rubles.

To make money trading BO, you need to determine how the price of an asset will change over time. If the forecast is correct, the client will make a profit. If the trader is wrong, then the money from the transaction goes to the broker.

The amount you can earn this way depends on your trading strategy and the size of your investment. You can invest a thousand rubles and get 300% per week, but this approach is a risk.

Indicators and technical analysis will help you correctly determine the price direction and the moment to enter a trade. Almost every trading platform has simple trading strategies, popular indicators, and an economic calendar. These and other tools are available to traders from Belarus without restrictions.

Over-the-counter options work on an all-or-nothing basis, so in some ways trading BO is like playing in a casino. But analyzing financial markets is more complex work. Binary trading cannot be considered operations on the stock exchange, but if you have a goal, you can develop in this area and become a successful investor in a few years.

Bottom line

You can earn money on the stock exchange without drawdowns. But this requires significant effort. Training in this type of income is necessary. You need to understand how the exchange behaves and by what principles the exchange rate changes. This is not a casino, there are no accidents here. It is possible to calculate events on the stock exchange and earn from this amount of money that is enough for a comfortable life. But it is also important to remember that working in Forex is associated with great risks. the trader does not invest money borrowed and invested. You only need to invest free money. You cannot use the funds you need to live.

Money will be required not only for investment, but also for purchasing paid courses. As you know, knowledge is the main commodity. No one will post them for free in the public domain. Such courses do not provide any useful information; they create a misconception about working on the stock exchange.

Share your review

It is difficult to find reviews about binary options in Belarus. Perhaps the authors of the comments do not say which country they are from because they hide information about their income from the tax authorities. But those traders who understand the financial markets share their positive experiences and successes in the comments.

Although this is an income with risk and is not suitable for everyone, trading can become an additional income or a full-fledged profession. You can start trading even without special knowledge in the field of finance and economics, with a small capital.

On our website you can leave a comment about the work of binary brokers. If there are any nuances that should be taken into account by residents of the Republic of Belarus, then tell us about it.

If you don’t have enough knowledge for successful trading, then the Binium.ru website has an extensive section with trading strategies, a review of indicators, and articles for beginners. The information on our website is free and accessible to everyone.

Paperwork

To avoid any problems with the state, you should issue the necessary certificates. In the Republic of Belarus you can obtain the status of an individual entrepreneur. This status has pros and cons. This is an important stage in the life of every professional trader.

Advantages of the “individual entrepreneur” status

1. Trade on the market with complete peace of mind, without fear of getting a fine from the tax office.
2. Stable profit that does not need to be hidden from the state.
3. Advantages at the bank.
4. Official employment.

The main advantage of an individual entrepreneur is that it will be easier to get a loan. The application acceptance rate will be higher. Of course, you can work as a trader without obtaining individual entrepreneur status. But even in this case, it is necessary to pay taxes. To do this, the user will submit a declaration of earnings.