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BelleoFX Broker Review 2024

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BelleoFX Broker Review 2024
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Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:BelleoFX
Founded:2020
Min Deposit:$10
Max Leverage:500
Headquarter:Dubai
US Accepted:
About
BelleoFX provides access to Forex and CFD commission-free trading with leverage options of up to 1:500. Deposit and withdrawals methods are Skrill, Neteller, and Cryptocurrencies with a minimum withdrawal limitation of $10. The broker is regulated by FSC, SVGFSA, and DET, and does not accept clients from the USA.
Contact
Office 3501, Burj Al Salam, Trade Center First, Sheikh Zayed Road, Dubai, UAE
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Wide range of payment methods
Fast execution speed
Industry awards and partnerships
Multiple account types to suit different trading styles
Cons
No support for TradingView
Lack of licensing from tier-1 regulatory bodies
Does not accept traders from the United States

BelleoFX offers 7 account types providing access to 1000+ instruments across 4 asset classes with an attractive 100% deposit bonus and PAMM services.

Forex and Gold trading is available with a minimum deposit of $10 on the Cent account.

BelleoFX: Company Introduction and Regulation

BelleoFX
A brokerage company with average execution speed of under 20ms

BelleoFX was founded in 2020 and is led by CEO Andrew Ishchuk. The broker operates through several regulated entities, ensuring a secure and compliant trading environment for its clients, including:

  • Belleo Markets (MU): Regulated by the Financial Services Commission (FSC) of Mauritius with license No. GB21027167;
  • BelleoFX (SVG): Registered by the Financial Services Authority (FSA) of St. Vincent and The Grenadines with registration No. 2584 LLC 2022;
  • Belleo Markets (UAE): Regulated by the Department of Economic Development (DET) in the United Arab Emirates with license No. 1074850.

BelleoFX Broker Specific Features

The company has been awarded multiple times in consecutive years for its focus on customer support and innovation. Let’s see the key features that set BelleoFX apart.

Broker

BelleoFX

Account Types

Standard, Swap-Free, Zero Spread, Pro, PAMM, Cent, 100% Bonus

Regulating Authorities

FSC, FSA, DET

Based Currencies

USD

Minimum Deposit

$10

Deposit Methods

Skrill, MasterCard, PayOp, Maestro, FasaPay, Crypto, Visa, Bank Wire, Neteller, Kora, JetonBank, PayOK

Withdrawal Methods

Skrill, MasterCard, PayOp, Maestro, FasaPay, Crypto, Visa, Bank Wire, Neteller, Kora, JetonBank, PayOK

Minimum Order

0.01 lots

Maximum Leverage

1:500

Investment Options

PAMM

Trading Platforms & Apps

MT5, BelleoFX Go, WebTrader

Markets

Forex, Commodities, Stocks, Indices

Spread

Fixed and floating from 0.0 pips

Commission

From $0.0

Orders Execution

Market

Margin Call / Stop Out

N/A

Trading Features

Demo, PAMM, Academy, Economic Calendar, IB

Affiliate Program

Yes

Bonus & Promotions

100% Credit bonus

Islamic Account

Yes

PAMM Account

Yes

Customer Support Ways

Email, Ticket, Tel, Live Chat

Customer Support Hours

From Monday to Friday

BelleoFX Account Offerings

The broker offers seven different account types with different fee structures, minimum deposits, and leverage options.

Features

Swap Free

Standard

Cent

Zero Spread

Pro

PAMM

100% Bonus

Min Deposit

$1,000

$50

$10

$1,000

$10,000

$2,000

$500

Leverage

1:500

1:500

1:500

1:500

1:200

1:200

1:500

Spread Type

Floating

Floating

Floating

Fixed

Floating

Floating

Fixed

Spreads from (Pips)

1.5

1.2

0.0

0.0

0.0

1.0

1.8

Commission

$0

$0

$2.4

$15

$5

$5

$0.0

Swaps

None

Yes

Yes

Yes

Yes

Yes

Yes

BelleoFX Account Opening and Verification

The registration and completing the KYC procedure on the broker are very easy. We will provide a step by step guide in this section of the BelleoFX review.

  • Visit the company’s official website;
  • Click “Register;”
  • Fill out the “Sign up” form;
  • Upload proof of ID (Passport or National ID) and proof of address (bank statement or utility bill;)
  • Open MT5 account;
  • Deposit funds.

BelleoFX Broker Platforms and Apps

BelleoFX offers the award-winning MetaTrader 5 (MT5) platform, known for its advanced features and user-friendly interface, and a mobile application.

MetaTrader 5 (MT5)

BelleoFX Go

BelleoFX Fees and Commissions

The broker’s fee structure mainly consists of commissions, spreads, and swap rates, which vary based on the account type.

Account

Commission (per lot)

Spreads (Pips)

Swap Free

$0

Floating from 1.5

Standard

$0

Floating from 1.2

Cent

$2.4

Floating from 0.0

Zero Spread

From $15

Fixed 0.0

Pro

$5

Floating from 0.0

PAMM

$5

Floating from 1.0

100% Bonus

$0

Fixed 1.8

BelleoFX Payment Options

We must discuss the available payment methods in this BelleoFX review. The company offers 17+ options for deposits and withdrawals, including:

  • Bank Wire Transfers;
  • Credit/Debit Cards: MasterCard, Maestro, and Visa;
  • eWallets: Skrill, PayOp, FasaPay, Neteller, Kora, JetonBank, and PayOK;
  • Crypto: USDT, BTC, and ETH.

BelleoFX PAMM Account and Copy Trading

The company offers a comprehensive PAMM account with a minimum deposit of $2,000 with access to 14 different strategies. Key features of the BelleoFX PAMM account:

  • 14 manager accounts;
  • Total profit of up to 473%;
  • Monthly profit of up to 11%;
  • Minimum deposits range from $300 to $1,000 on various plans.
BelleoFX PAMM Account
The Super PAMM 99 account has a minimal deposit of $500 with 473% in total profits

BelleoFX Broker Promotions

The company offers a 100% credit bonus and various partnership programs, including IB and White Label.

  • 100% Credit: Available only on the Bonus account as trading credits;
  • IB: Up to $25 per traded lot by referred clients;
  • White Label: Solutions and technologies for brokerage businesses.

How to Reach BelleoFX Support?

BelleoFX provides support from Monday to Friday through various channels, including email, phone calls, and live chat.

Email

support@belleofx.com

Tel

+971 4 541 7900

Live Chat

Available on the broker’s official website

Ticket

Call back requests via the “Contact Us” form

BelleoFX Trust Score

BelleoFX TrustPilot
93% of reviews on the broker’s TrustPilot profile are positive (5-star and 4-star)

User Satisfaction is the most important topic in this BelleoFX review. The company has generally received positive reviews from its customers on various platforms, including:

TrustPilot

4.5 out of 5 based on 152 reviews

Google Reviews

4.9 out of 5 based on 144 comments

Forex Peace Army

2.9 out of 5 based on 6 ratings

Conclusion and Final Words

BelleoFX provides CFD trading with floating and fixed spreads from 0.0 pips and commissions, ranging from $0.0 to $15. The company has won multiple awards in Forex Traders Summit Dubai 2024 and 2023.

BelleoFX broker offers a robust Trading Academy with 9,800 skill courses. However, the lack of licensing from top tier regulatory bodies and not supporting TradingView are the BelleoFX broker’s main weaknesses.

FAQs

Is BelleoFX a regulated broker?

The FSC of Mauritius, FSA of St. Vincent & The Grenadines, and DET in the UAE oversee the company’s operation.

What trading platforms are available?

The broker provides the MetaTrader 5 (MT5) and BelleoFX Go, the proprietary mobile app.

What is the minimum deposit?

You can open a Cent account with a minimum deposit of $10.

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