BelleoFX Review – Is it a Scam or Legit Broker (2024)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

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: Yes
MetaTrader 4:No
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:No

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: BrokerXP, ELIFX, UnitedFinancialLTD and Pepperstone

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?

BelleoFX allows funding your account via Bank transfer, Debit and Credit Cards, Moneybookers, Neteller, UnionPay.

⚖️ 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 Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Spreads of the following companies can be as low as Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC FCAFSCA $ 10 MT4 & MT5 0.3 PIPs ¹
  • Competitive spreads
  • International support
Start tradingRead a review
CySECASIC £/€/$ 100 MT4 & MT5 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
FCACySECASIC £/€/$ 0 MT4, MT5 & TradingView 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review

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 11.01.2024 at 11:42 GMT.

2 Comments

  • 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?

  • Belleofx is a scam. Don’t trust!
    I had three broken accounts at Belleofx with the participation of the brokerage itself. I have everything documented, prints, conversations, videos…

    1 – Without my permission, belleofx put my accounts in a PAMM. I never allowed it.
    2 – I entrusted accounts to a manager who only works at belleofx ‘davee_wilson’, instagram. He gave me read password for an account, ALVIN, which had more than 1000% profit and small drawdown. On 28-06-2022 he made 5 buy operations on gold, at 1 lot. On Friday he repurchased at 1.5. On Monday those orders disappeared! It was here that I realized it was manipulation.

    3 – I was worried about their manipulation and wanted to withdraw my accounts, one by one. On google there are several people saying they lost money. With a lot of work I managed to withdraw the balance of one of them. The broker’s eric said that all I had to do was close the negative orders, accept the loss and withdraw the rest. OK. I did it

    4 – After the manager finally made a profit, I went to withdraw the balance from the second account. I finished the 6 gold orders, I changed the account password so that no new orders came in. Minutes later all my accounts were broken!

    5 – In all accounts appeared orders that did not exist! Believe me, lots and lots of 1 lot orders on XAGUSD. 500usd account showing that it would have entered the market with 12 lots of XAGUSD.

    6 – I questioned the manager and was told that the accounts were in a PAMM and closing the negatives caused all accounts to be broken! Lie! All accounts were positive!
    The account had started with 515, made gains in several days and after I closed the negatives it stopped at 564. Then I changed the password. Mysteriously appear several XAGUSD orders and everything broken.

    7 – The broker’s eric doesn’t answer my questions anymore.

    8 – BelleoFX has blocked my accounts from the server. My accounts show ‘connection failure’. Their fake account only shows ‘invalid password’. That is, their server is active. But my accounts are blocked.

    Will you trust it?
    I have everything documented! I want to find out which regulatory body I can report to.

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