National Bank of the Republic of Belarus (NBRB)
The National Bank of the Republic of Belarus (NBRB) is the central bank and primary financial regulator in Belarus, responsible for the licensing and supervision of forex companies operating in the country. Belarus is one of the few jurisdictions in Eastern Europe to establish a formal and regulated retail forex market, with stringent controls on licensing, capital requirements, and client fund safety.
The National Bank of the Republic of Belarus (NBRB) maintains a transparent and structured regulatory framework for forex trading. Traders should only engage with NBRB-authorized brokers and verify license details via the official register to ensure legal protection and fund safety.
- Up to 100:1 leverage permitted for most instruments
- Lower leverage applies for riskier or exotic instruments
- Issues licenses to Belarusian forex companies
- Oversees client fund segregation, capital reserves, and reporting
- Maintains a national register of legal forex brokers
- Enforces trading rules, leverage limits, and market conduct standards
- Coordinates with the Belarusian Currency and Stock Exchange (BCSE) for regulatory supervision
- Visit the NBRB Forex Register
- View the list of licensed forex companies
- Confirm registration number, license status, and permitted activities
- Minimum charter capital of BYN 2 million (~USD 600,000)
- Membership in the Guarantee Fund to protect client funds
- Mandatory segregation of client funds
- Required to use state-controlled trading platforms (e.g., BCSE)
- Regular financial reporting and annual audits
Leverage, execution, and risk disclosure rules strictly enforced
Advantages
- Transparent, centralized regulatory system
- Government-backed broker register and guarantee fund
- High standards for capital and fund protection
- Legal domestic alternatives to offshore forex brokers
Limitations
- Market limited to Belarusian residents or entities
- Mandatory use of state-approved technology and clearing systems
- Less flexibility than offshore jurisdictions
Country
Belarus
Established
1990
Contact
+375 17 306 9898
Complaint bodies
National Bank of the Republic of Belarus (NBRB), Court of Arbitration or Financial Ombudsman (where applicable)
Hotline
+375 17 306 9898
Complaint email
Last updated on: March 28, 2025
High Risk Warning : Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.