BelleoFX Scam Reviewed and explained

BelleoFX Scam Reviewed and explained

Minimum deposit

FSC (Mauritius)

Bonus

From 1.2 pips

Maximum leverage

$10

Year founded

100%

Regulation

1:500

Trading platform

No

BelleoFX Broker review — Safety, assets, support, and many more!

Belleofx

BelleoFX is a Forex broker that offers trading services worldwide. It has been around since 2020, which makes it a seasoned broker. There are multiple account types available and the broker allows access to advanced platforms.

Let’s analyze and review all critical features of the BelleoFX broker to define whether it is a reliable and secured FX trading platform for your needs.

The Safety and Security of BelleoFX 

The broker is a regulated broker. It is regulated by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer and is also overseen by the United Arab Emirates DET or Department of Economy & Tourism. The presence of a license is critical for safety reasons.

The broker keeps trader funds in segregated bank accounts with regulated banks.

Negative balance protection is provided for all retail accounts, which is crucial to avoid getting into minuses.

BelleoFX Fees and Spreads

The spreads vary depending on the trading account type. The swap-free accounts have 1.5 pips, standard accounts 1.2 pips, zero spread accounts 0.0 pips, pro accounts 0.0 pips, bonus accounts have 1.8 pips, and cent accounts have 0.0 pips. There is also a PAMM account which has 1 pip spread on major pairs. Commissions are competitive and around 5-6 USD per lot round trip depending on the account type.

BelleoFX Accounts, Deposits, and Withdrawals 

Belleofx accounts

There are a plethora of different account types offered at BelleoFX.

BelleoFX Standard Account offers the following:

  • Minimum deposit – 50 USD
  • Maximum leverage – 1:500
  • Spreads from – 1.2 pips
  • Commissions – 0 USD
  • Minimum lot size – 0.01 lots
  • Expert Advisors allowed – Yes

BelleoFX Swap-Free Account advertises the following conditions:

  • Minimum deposit – 1,000 USD
  • Maximum leverage – 1:500
  • Spreads from – 1.5 pips
  • Commissions – 0 USD
  • Minimum lot size – 0.01 lots
  • Expert Advisors allowed – Yes

BelleoFX Zero Spread Account offers the following conditions:

  • Minimum deposit – 1,000 USD
  • Maximum leverage – 1:500
  • Spreads from – 0.0 pips
  • Commissions – From 15 USD per lot
  • Minimum lot size – 0.01 lots
  • Expert Advisors allowed – Yes

BelleoFX Pro Account offers the following specs:

  • Minimum deposit – 10,000 USD
  • Maximum leverage – 1:500
  • Spreads from – 0.0 pips
  • Commissions – 5 USD per lot

BelleoFX 100% Bonus Account offers the following:

  • Minimum deposit – 1500 USD
  • Maximum leverage – 1:500
  • Spreads from – 1.8 pips
  • Commissions – 0 USD

BelleoFX PAMM Account offers the following:

  • Minimum deposit – 2,000 USD
  • Maximum leverage – 1:500
  • Spreads from – 1 pip
  • Commissions – 0 USD

BelleoFX Cent Account offers the following:

  • Minimum deposit – 10 USD
  • Maximum leverage – 1:500
  • Spreads from – 0.0 pips
  • Commissions – 2.4 USD per lot

With this many accounts, the broker tries to target a diverse audience with different experience levels and preferences.

Deposits and Withdrawals

Payment methods include Visa, MasterCard, Skrill, Neteller, BTC, and more. Withdrawal processing times are not clearly disclosed while deposits require 1-24 hours for processing. No commission-free for most payment options except for wire transfers.

BelleoFX Trading Platforms, Assets, and Features

BelleoFX offers an MT5 trading platform that supports custom indicators and EAs. The broker allows EAs, which is flexible. Mobile trading is offered as well using the MT5 app on Android and iOS devices.

Assets

The broker offers trading opportunities on Forex pairs, commodities, indices, and stocks. BelleoFX, together with being a multi-asset broker, also allows 1:500 leverage to control substantial position sizes.

Extra Features

BelleoFX has one promotion with 100% credit bonus features. It is given on deposits and terms and conditions apply, which makes it crucial for traders to read those conditions carefully. There is also a free economic calendar available on the BelleoFX website.

BelleoFX Customer Support Review

BelleoFX provides several customer support services, including live chat, email, and phone support options. The availability of phone support adds to the broker’s legitimacy. The broker is multilingual as it offers its website and support in multiple languages.

BelleoFX Education

BelleoFX is attractive when it comes to education. The broker does not offer educational resources like trading articles, courses, blogs, video guides, or webinars, making it unsuitable for beginners.

Should you consider BelleoFX? 

BelleoFX is a regulated FX broker with a wide range of account types, competitive spreads, and advanced trading platform offerings via MT5. It offers safety features like fund segregation and negative balance protection. However, it lacks educational materials and transparency in withdrawal processing.

Overall, the broker is more suitable for seasoned traders and is not good for beginners who require learning.

FAQ on BelleoFX

Is BelleoFX a scam broker?

No, BelleoFX is regulated by the FSC Mauritius and DET UAE, making it a legitimate trading broker.

Is BelleoFX a cheap broker?

The broker offers plenty of different account types. Some of them are cheap while others are very expensive.

What is the BelleoFX minimum deposit?

The minimum deposit starts at $10 for the Cent Account.

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