In this BelleoFX Review, we are going to take a look at the offer that this broker prepared for its traders. BelleoFX operates on the financial market since 2016. When it comes to trading platforms, the broker features MT5. The BelleoFX minimum deposit is 500 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from this BelleoFX Review
| Website address: | belleofx.com |
| Operated by: | Belleofx Global Limited |
| Licensed and authorised by regulatory bodies: | |
| Supported languages: | English |
| Customer support available via: | E-mail, live-chat |
| Contact details: | [email protected] N/A |
| Available deposit methods: | Bank transfer, Debit and Credit Cards, Moneybookers, Neteller, UnionPay |
| Available withdrawal methods: | Bank transfer, Debit and Credit Cards, Moneybookers, Neteller, UnionPay |
| Minimum deposit: | 500 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Minimal spread on the currency pair EUR/USD - 0,6 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex, stocks, commodities, indices |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | MT5 |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Social trading: | |
BelleoFX Fees (minimal spreads)
We have scanned fees (minimal spreads) that BelleoFX charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 0,6* | * | * | * | * |
*Minimal spreads were recorded on 17.09.2020 at 10:13 for the standard account. BelleoFX spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: SolidaryMarkets, GNTCapital, OneRoyal and KhweziTrade
Frequently Asked Questions
🧐 Is BelleoFX a Scam?
In accordance with our research, BelleoFX is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that BelleoFX is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the BelleoFX minimum deposit?
In order to start trading with BelleoFX, you have to deposit at least 500 USD (Trading accounts can also be held in USD).
📵 What deposit and withdrawal methods BelleoFX supports?
⚖️ Would you recommend me choosing BelleoFX?
We don’t have our own personal experience with BelleoFX. However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider. While there is a decent chance that BelleoFX is not a scam, there is no reason to take the risk of trading trade with an unregulated broker, especially when considering there are hundreds of brokers regulated in the EU, Australia, Africa and the USA offering similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker IQ Option – 71% of retail CFD accounts lose money , which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money. ¹ Variable spreads, spreads recorded for the EUR/USD on 05.10.2021 at 11:42 GMT.
Beware of BELLEOFX – they are huge scammers who entice clients with large returns and insist on payment using crypto.
They will steal your money and you will never see a cent back.
They use a scam with a fake website and will ask you to pay using crypto. Once they receive your money, it will never come back to you.
They have a fake website called http://www.belleofx.com – it has real looking trading options and looks very professional – dont fall for it!
They use fake Whatsapp business account to give the impression of legitimacy.
The main thief is a person called Jay on +44 7723 702878
The con man representing BelleoFX is a called Eric and on +44 7426 074110
I got scammed and I don’t think there is anyway I will get my money back since I paid using cryto.
They even have a Server on Meta Trader 5 called Belleofx-Server – how did this scam company manage to get this server registered with Meta Trader and how do we report them and get this scam shut down?