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BelleoFX is an online trading broker established in 2020, offering a variety of financial instruments and services to cater to both novice and experienced traders. The broker provides access to multiple asset classes, competitive trading conditions, and user-friendly platforms, aiming to deliver a seamless trading experience.
This article offers an in-depth review of BelleoFX, covering its key features, regulatory status, trading instruments, platforms, mobile app, account types, and fee structure to assist beginner traders in making informed decisions.
BelleoFX Key Features
- Diverse Account Types: Offers Standard, Swap-Free, Zero Spread, Pro, PAMM, Cent, and 100% Bonus accounts to accommodate various trading preferences.
- Advanced Trading Platforms: Utilizes MetaTrader 5 (MT5) and BelleoFX Go, known for comprehensive tools and user-friendly interfaces.
- Wide Range of Instruments: Provides access to over 1,000 trading instruments across multiple asset classes, including forex, stocks, indices, and commodities.
- Competitive Leverage: Offers leverage up to 1:500, allowing traders to maximize their trading potential.
- Educational Resources: Features the BelleoFX Academy, offering educational materials to enhance traders’ knowledge and skills.
- Responsive Customer Support: Provides customer support through various channels, including email and phone.
BelleoFX Regulatory Status & Licenses
BelleoFX operates under the brand name of Belleo Markets and is associated with multiple entities across different jurisdictions. The broker is incorporated in the Republic of Mauritius as Belleo Markets (MU) and is regulated by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer (Broker) with license number GB21027167.
Additionally, BelleoFX (SVG) is registered by the Financial Services Authority (FSA) of St. Vincent & The Grenadines as an International Business Company with registration number 26000 BC 2020. The broker also maintains a representative office in Dubai, UAE, registered and regulated by the Department of Economic Development (DET) with license number 1074850.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| Financial Services Commission (FSC) of Mauritius | GB21027167 | Not Specified | Not Specified | Mauritius |
| Financial Services Authority (FSA) of St. Vincent & The Grenadines | 26000 BC 2020 | Not Specified | Not Specified | St. Vincent & The Grenadines |
| Department of Economic Development (DET) | 1074850 | Not Specified | Not Specified | United Arab Emirates |
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BelleoFX Trading Instruments
BelleoFX offers a diverse range of trading instruments, enabling traders to diversify their portfolios across various asset classes. The broker provides access to over 1,000 instruments, including forex pairs, stocks, indices, and commodities.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Forex | 55+ currency pairs | Up to 1:500 | From 1.2 pips |
| Stocks | Various global stocks | Up to 1:20 | Variable |
| Indices | Major global indices | Up to 1:50 | From 0.6 points |
| Commodities | Metals, energies, agricultural products | Up to 1:100 | Variable |
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BelleoFX Trading Platforms
BelleoFX utilizes the MetaTrader 5 (MT5) platform, renowned for its advanced trading capabilities and user-friendly interface. MT5 offers a comprehensive suite of tools suitable for both beginner and experienced traders, including advanced charting options, technical analysis tools, and automated trading features.
| Platform | Availability | Features |
|---|---|---|
| MetaTrader 5 (MT5) | Desktop, Web, Mobile | Advanced charting, technical analysis tools, automated trading (Expert Advisors), multiple order types, real-time market data |
| BelleoFX Go | Mobile (iOS, Android) | Account management, trade execution, market information, user-friendly interface |
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BelleoFX Mobile App
BelleoFX offers a mobile trading application, BelleoFX Go, compatible with both iOS and Android devices. The app allows traders to manage their accounts, execute trades, and access market information on-the-go, providing a seamless trading experience across devices.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| BelleoFX Go Mobile App | Not Specified | Not Specified |
BelleoFX Account Types
BelleoFX offers several distinct account types to cater to various trading styles and preferences:
- Standard Account: Designed for general traders, offering floating spreads and access to all trading instruments.
- Swap-Free Account: Tailored for traders who require swap-free conditions, complying with Islamic finance principles.
- Zero Spread Account: Suitable for traders seeking zero spreads, with a commission per lot traded.
- Pro Account: Intended for professional traders, offering lower spreads and commissions.
- PAMM Account: For money managers and their investors, offering access to multiple strategies.
- 100% Bonus Account: Provides a 100% credit bonus as trading credits.
- Cent Account: Ideal for beginners, allowing trading with smaller amounts.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission | SWAPS |
|---|---|---|---|---|---|
| Standard | $50 | Up to 1:500 | From 1.2 pips | No | Yes |
| Swap-Free | $1,000 | Up to 1:500 | From 1.5 pips | No | Swap-Free |
| Zero Spread | $1,000 | Up to 1:500 | 0 pips | From $15/lot | Yes |
| Pro | $10,000 | Up to 1:200 | From 0.2 pips | $5/lot | Yes |
| PAMM | $2,000 | Up to 1:200 | From 1 pip | $5/lot | Yes |
| 100% Bonus | $500 | Up to 1:200 | From 1.8 pips | No | Yes |
BelleoFX Commissions & Fees
BelleoFX’s fee structure varies based on account types and instruments. While the Standard and Cent accounts are commission-free with wider spreads, Zero Spread and Pro accounts offer tighter spreads with fixed commissions. Swap-Free accounts comply with Islamic finance, waiving overnight fees.
| Fee Type | Standard Account | Swap-Free Account | Zero Spread Account | Pro Account | PAMM Account | 100% Bonus Account | Cent Account |
|---|---|---|---|---|---|---|---|
| Commission per Lot | No | No | $15/lot | $5/lot | $5/lot | No | No |
| Spreads | From 1.2 pips | From 1.5 pips | 0 pips | From 0.2 pips | From 1 pip | From 1.8 pips | From 2.0 pips |
| SWAPS | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Deposit Fees | None | None | None | None | None | None | None |
| Withdrawal Fees | None | None | None | None | None | None | None |
| Inactivity Fee | None | None | None | None | None | None | None |
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BelleoFX Deposit & Withdrawals
BelleoFX offers a wide variety of deposit and withdrawal methods. Deposits are usually free and instant, while withdrawals may take longer depending on the method selected. The broker supports both fiat and crypto payments.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Transfer | Free | Free | 1–5 business days |
| Visa | Free | Free | Instant |
| MasterCard | Free | Free | Instant |
| Maestro | Free | Free | Instant |
| Neteller | Free | 1% | 1–24 hours |
| Skrill | Free | Free | 1–24 hours |
| PayOp | 3.5% | Free | 1–24 hours |
| FasaPay | Free | Free | 1–24 hours |
| Bitcoin | Free | Free | 1–24 hours |
| Ethereum | Free | Free | 1–24 hours |
| Sticpay | Free | 1% | 1–24 hours |
| JetonBank | Free | Free | 1–24 hours |
| PayOK | Free | Free | 1–24 hours |
| USDT (Tether) | Free | Free | 1–24 hours |
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BelleoFX Customer Support
BelleoFX provides responsive and multilingual customer support via live chat, phone, email, and social platforms. Support is available 24/5, and the team handles both technical and account-related queries.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/5 | Immediate | English, Arabic |
| 24/5 | < 1 business day | English | |
| Phone Support | 24/5 | Immediate | English |
| 24/5 | < 30 mins | English | |
| Telegram | 24/5 | < 1 hour | English |
| Social Media | 24/5 | Varies | English |
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BelleoFX Education & Research
BelleoFX supports trader development through free educational tools. The BelleoFX Academy includes webinars, eBooks, articles, and video content suitable for all skill levels.
| Resource Type | Availability | Quality |
|---|---|---|
| BelleoFX Academy | Yes | High |
| Webinars | Weekly | Expert-led |
| Market Analysis | Daily | In-depth |
| Economic Calendar | Real-time | Accurate |
| Trading Tutorials | Yes | Beginner-friendly |
| Trading Glossary | Yes | Clear |
| Video Courses | Yes | Professional |
| Platform Guides | Yes | Step-by-step |
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BelleoFX Google Reviews & Reputation
BelleoFX has received mixed user reviews. Traders appreciate the platform’s user-friendliness and account variety, but some raise concerns about regulation transparency.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Overall Experience | 3.8 | 3.7 | Not Available | Not Available |
| Platform Usability | 4.1 | 4.0 | – | – |
| Withdrawal Speed | 3.5 | 3.4 | – | – |
| Customer Support | 4.0 | 4.0 | – | – |
| Education Quality | 4.3 | 4.2 | – | – |
| Trust Level | 3.6 | 3.5 | – | – |
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BelleoFX Bonuses & Promotions
BelleoFX provides several bonus offers for new and existing clients. These bonuses help increase trading capital and reduce risk exposure, especially for beginners.
- 100% Credit Bonus – On deposits from $100 up to $25,000.
- 20% Tradable Bonus – On selected accounts.
- Referral Bonus – Earn for inviting friends to trade.
- No Deposit Bonus – Occasionally offered in promotions.
- Loyalty Program – Accumulate points for future trading benefits.
BelleoFX Advantages & Disadvantages
| Pros | Cons |
|---|---|
| Wide range of account types | No tier-1 regulatory license |
| MT5 platform and mobile app | Limited app reviews publicly available |
| Islamic account option | No integrated TradingView platform |
| Over 1,000 trading instruments | No weekend customer support |
| Crypto, fiat, and e-wallet payments | No copy trading or social features |
| Fast withdrawals and free deposits | Cent account spreads are relatively high |
| Low minimum deposit | Limited reputation in major regions |
Final Thoughts
BelleoFX is a flexible and beginner-friendly broker offering diverse instruments, strong trading conditions, and helpful educational tools. With MT5 support, multiple account options, and instant deposits, it’s a strong contender for new traders looking to get started. However, the broker’s regulatory structure could be more robust, and those seeking deeper integrations or advanced tools might need to supplement with third-party solutions.