BelleoFX is a relatively new trading broker founded in 2020, but has quickly gained thousands of clients and received several awards such as “Broker of the Year” and “The Best Growing Broker” from the Forex Expo Dubai. It offers four different account types, an easy sign-up process, fast execution, access to MetaTrader 5, and 270 trading instruments across five asset classes. BelleoFX is also regulated in both St. Vincent and the Grenadines and Mauritius.

Belleofx Pros & Cons

Who Is Belleofx Recommended For?

BelleoFX may be recommended for traders who are looking for a broker with a wide range of trading instruments, fast execution, and multiple account types to choose from. The broker’s regulation in St. Vincent and the Grenadines and Mauritius may also be attractive to traders who prioritize regulatory compliance. Additionally, BelleoFX’s recognition as the “Broker of the Year” and “The Best Growing Broker” by the Forex Expo Dubai may be a sign of the company’s strong reputation in the industry. However, as with any broker, it is important for traders to conduct their own research and due diligence before opening an account.

Top Belleofx Features

1. Execution Speed: BelleoFX offers an execution speed as low as 20 milliseconds, ensuring you won’t miss a trade due to lag time.
2. Award-Winning Track Record: In the three years since its founding, BelleoFX has managed to win several high-profile awards and partnerships, despite its relative newness in the industry.
3. Easy Sign-Up Process: BelleoFX prides itself on having an easy sign-up process, where you fill out a simple registration form and upload ID documents for verification.
4. MetaTrader 5: BelleoFX offers the enhanced version of MT4, MetaTrader 5, with a lot of tools, high-tech features, and indicators to ensure a smooth, glitch-free trading experience.
5. Promotions Available: BelleoFX offers two major promotions: a 20% tradable bonus and a 100% credit bonus.
6. Partnership Opportunities: BelleoFX offers partnership opportunities, including a White Label Program and an Introducing Broker (IB) Program.
7. Wide Range of Payment Methods: BelleoFX allows a variety of payment methods to fund your account, including bank transfer, Visa, MasterCard, Maestro, FasaPay, and PM. There is no commission charged by this broker to fund your account.
   
   

Belleofx Account Types

Belleofx offers four different types of trading accounts: Standard, Swap-Free, Zero-Spread, and PRO.

The Standard account is the basic account type and has a minimum deposit of $100. It offers trading on MT5, floating spreads, a 30% stop out level, 50% margin call, expert advisors, and decimal pricing of up to 5.

The Swap-Free account is similar to the Standard account but is designed for traders who follow Islamic beliefs and prohibits them from earning or paying interest. The minimum deposit for this account is $1,000.

The Zero-Spread account is designed for traders who want to trade with the lowest possible spreads. It offers all the features of the Standard account but with spreads starting at 0 pips. The minimum deposit for this account is $1,000.

The PRO account is designed for experienced and professional traders who require advanced trading tools and features. It offers trading on MT5, floating spreads, a 30% stop out level, 50% margin call, expert advisors, and decimal pricing of up to 5. The minimum deposit for this account is $10,000, and it offers lower commission rates compared to the Zero-Spread account.

Security and Regulation 

BelleoFX is an offshore broker, registered in the Commonwealth of Dominica under the name Belleo Holdings Limited. However, it is not regulated by any financial authority, which can be a cause for concern for some traders. While BelleoFX does have measures in place to ensure security, such as SSL encryption and segregated client accounts, the lack of regulation means there is no oversight or protection for traders in case of disputes or fraudulent activities. It’s always recommended to do your due diligence and thoroughly research any broker before investing your money.

BelleoFX pricing

BelleoFX offers competitive pricing for its trading services. The broker offers four different account types with varying spreads, starting from 1.2 pips for the Standard account, 1.5 pips for the Standard Swap-Free account, and 0 pips for the Zero-Spread account. The PRO account offers spreads as low as 0.2 pips but requires a higher minimum deposit of $10,000 and charges a commission per trade.

BelleoFX doesn’t charge any deposit fees, but fees may be incurred by payment providers. There are also no inactivity fees, making it a good option for traders who don’t trade frequently.

BelleoFX offers access to over 270 instruments, including forex, stocks, indices, and commodities. The broker provides tight spreads and no requotes on its 55+ currency pairs, making it an attractive option for forex traders. For stocks, BelleoFX offers CFD trading on popular stocks like Tesla, Facebook, Apple, and Amazon through its Swap-Free and PRO accounts.

Conclusion on Belleofx

BelleoFX is a regulated online broker that offers a wide range of trading instruments and account types to suit the needs of traders with different levels of experience and preferences. The platform offers a user-friendly interface and advanced trading tools, including copy trading and expert advisors, to help traders make informed decisions.

While BelleoFX’s pricing and trading conditions are competitive, it is essential to note that trading CFDs involves a high level of risk, and it may not be suitable for everyone. Additionally, traders must ensure they understand the risks involved and conduct thorough research before committing to any trade.

Overall, BelleoFX appears to be a reliable and trustworthy broker for traders who are looking for a regulated broker that offers a range of trading instruments and a user-friendly platform.