BelleoFX Forex Review

Read our full BelleoFX review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased BelleoFX opinion allows our readers to decide whether BelleoFX is a reliable broker.

BelleoFX Forex Broker History

BelleoFX is an FX broker operating globally from 2020. The brand represents several companies, such as Belleo Markets (Mauritius), BelleoFX (St. Vincent and The Grenadines), and a representative office in the UAE. It is a regulated broker and has been offering a wide range of trading accounts and access to diverse markets on an advanced platform. As a broker launched in 2020, the broker is relatively experienced in the FX brokerage industry and has a user-friendly and responsive website.

BelleoFX broker safety

BelleoFX is a regulated broker overseen by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer and holds a secondary registration with the Department of Economy & Tourism (DET) in the United Arab Emirates. As a broker that operates under regulatory oversight from Mauritius and the United Arab Emirates, it maintains segregated client accounts, ensuring traders’ funds are kept separate from the broker’s operational funds. It also offers negative balance protection, which is particularly useful for beginner traders using high leverage, as it prevents losses beyond zero and traders are not liable for losses beyond their account’s balance.

BelleoFX Broker Review of Accounts

BelleoFX offers a wide range of trading account types suitable to traders of all experience levels. There are Standard, Swap-Free, Zero Spread, Pro, 100% bonus, PAMM, and Cent accounts. The leverage is different from asset to asset and it is 1:500 for currencies, (1:100 for ZARJPY), 1:200 for metals, 1:100 for energies, and 1:50 for indices, which is very attractive.

BelleoFX Standard account has the following conditions:

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

The Swap-Free or Islamic account is designed for Sharia law followers and has the following conditions and requirements:

• 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

Zero Spread account offers 0 pips trading environment and charges commissions:

• 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

The Pro account has even lower commissions and spreads starting from 0 pips:

• Minimum deposit – 10,000 USD
• Maximum leverage – 1:500
• Spreads from – 0.0 pips
• Commissions – 5 USD per lot
• Minimum lot size – 0.01 lots
• Expert Advisors allowed – Yes

BelleoFX 100% bonus account has different conditions from zero spread accounts:

• Minimum deposit – 1500 USD
• Maximum leverage – 1:500
• Spreads from – 1.8 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots
• Expert Advisors allowed – Yes

The PAMM account is for investors and is traded via experts where investor money is pooled together. It has the following conditions:

• Minimum deposit – 2,000 USD
• Maximum leverage – 1:500
• Spreads from – 1 pip
• Commissions – 0 USD
• Minimum lot size – 0.01 lots
• Expert Advisors allowed – Yes

BelleoFX Cent account is designed for beginners and offers attractive trading conditions:

• Minimum deposit – 10 USD
• Maximum leverage – 1:500
• Spreads from – 0.0 pips
• Commissions – 2.4 USD per lot
• Minimum lot size – 0.01 lots
• Expert Advisors allowed – Yes

As we can see, the account type choice is diverse and everyone can find their preferred accounts. However, these spreads are still high in some accounts.

BelleoFX instruments

BelleoFX does not provide access to digital currencies, which is its primary drawback. The broker provides many different asset classes like FX pairs (majors, minors, and exotics), commodities (metals and energies), indices, and stocks. With 1:500 leverage, traders can control trading positions 500 times their balance which is very flexible. However, beginners should be careful when trading with excessive leverage levels, not to blow their accounts quickly.

BelleoFX Reviews of Trading Platforms

BelleoFX’s advanced trading platform offering is MetaTrader 5 (MT5), which allows custom indicators and Expert Advisors (EAs). The broker allows traders to use both of these advanced features, which are very flexible.

MT5 mobile trading app is also available and accessible on both iOs and Android, making it possible to speculate on financial markets on the go.

BelleoFX Deposit and Withdrawal

BelleoFX accepts several payment methods like wire transfers, bank cards (Visa and MasterCard), e-wallets (Skrill, Neteller, etc.), and even cryptos including BTC. Deposits are instantly processed and are free of charge. When it comes to withdrawals, processing times are slightly lengthier, and processed within 24 hours. Withdrawals are also free of charge and quick processing times make the broker’s services competitive.

BelleoFX Forex Review of Extra Features

When it comes to extra features, BelleoFX provides a 100% credit bonus which has some requirements. There is only an economic calendar provided, while the broker lacks educational; resources, which is a drawback.

BelleoFX Reviews of Customer Support

BelleoFX provides several customer support channels including live chat, email, and hotline options. The broker offers a multilingual website and support, which makes it suitable for international traders.

BelleoFX Review Conclusion – Can you trust BelleoFX?

BelleoFX is a regulated broker offering services using advanced platforms and enables access to diverse account types with a wide range of trading assets. There are cent accounts for beginners and with 1:500 leverage and low spreads, traders can control substantial position sizes. Overall, the broker seems reliable and competitive in the brokerage industry allowing fast withdrawals commission-free.

FAQs on BelleoFX

Is BelleoFX a scam?

A BelleoFX scam is unlikely as the broker is regulated in two jurisdictions and offers negative balance protection.

What is the BelleoFX minimum deposit?

The smallest minimum deposit starts from 10 dollars on the BelleoFX Cent account, which is very low.

Is BelleoFX a cheap broker?

Yes, the broker offers low commissions and low spreads coupled with fee-free deposits and withdrawals.