Trade Nasdaq 100 (XYZ100) in Belgium

This page answers one question for Belgium: how a resident actually gets XYZ100 exposure, and what the rules say.

Is Nasdaq 100 (XYZ100) trading legal in Belgium?

Belgium is the strictest of the large EU markets on this pair of questions, and the gap between the two answers is wider here than almost anywhere. Spot crypto itself is legal: MiCA has applied since 30 December 2024, the FSMA runs the crypto-asset framework, and since 1 July 2026 any crypto-asset service provider must hold a MiCA authorisation or stop offering services in Europe - the national transitional regime ran out on 30 June 2026.

Leveraged derivatives are a different matter entirely. Since 18 August 2016 the FSMA Regulation approved by Royal Decree has banned distribution to consumers, over electronic trading platforms, of binary options, sub-one-hour derivatives and leveraged derivatives including CFDs and rolling spot forex - and it sits on top of an earlier ban on distributing financial products whose underlying is a virtual currency.

What the contract is

The contract itself does not change by geography: a XYZ100 perpetual settles in USDC everywhere.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open XYZ100-PERP

Pick XYZ100 in the markets list. The ticket shows the live price, the current funding rate and max leverage 20x .

XYZ100-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of XYZ100 at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Private investors in Belgium pay a 10% tax on capital gains from crypto.

Trading Nasdaq 100 (XYZ100) from Belgium: legal.

From Belgium, you can fund a Nasdaq 100 (XYZ100) position using SEPA / SEPA Instant transfer (EUR), Debit card and PayPal.

4 platforms serve Belgium for Nasdaq 100 (XYZ100) trading, among them Aevo, GMX and Hyperliquid.

Canborsa offers up to 20x leverage on Nasdaq 100 (XYZ100) for traders based in Belgium.

On Canborsa, Nasdaq 100 (XYZ100) trading from Belgium costs 0.07% per side.