According to its company biography, BelleoFX was founded in 2020 by leading experts within the industry, and its goal is to improve trading around the world. BelleoFX has grown quickly since its inception, amassing thousands of clients in just the past three years.
BelleoFX has also become the Official Trading Brokerage Partner of the Mai Dubai Community Run 2023, the Dubai Forex Summit Platinum Partner of 2023, and the Forex Expo Dubai Platinum Partner of 2023. Additionally, in 2022, the Forex Expo Dubai named this company “Broker of the Year” and “The Best Growing Broker.”
BelleoFX offers a lot to its clients, including four different, tailored account types, an easy sign-up process, fast execution, access to MetaTrader 5, and 270 trading instruments across five asset classes. In addition to these features, BelleoFX is also regulated in both St. Vincent and the Grenadines and Mauritius. Read through this review to determine whether BelleoFX has what you’re looking for in a broker.
Pros and Cons
Pros
- BelleoFX has four different account types from which to choose.
- Execution speeds are as low as 20 milliseconds.
- Traders can trade on MetaTrader 5.
- BelleoFX has a TrustPilot rating of 3.7 out of 5.
- There are two promotions available currently.
Cons
- No US traders are permitted.
Recommended For
BelleoFX does not have many educational resources to offer its clients, so, for that reason, we recommend this broker to experienced traders or those who have access to educational resources outside of BelleoFX.
Additionally, traders who want access to Forex, stocks, indices, and commodities will like this broker, as it provides instruments from those popular classes. Additionally, experienced traders looking for a chance to use MetaTrader 5, a high-tech platform, will find that opportunity here at BelleoFX.
Regulated By
- Financial Services Commission (Mauritius)
- Financial Services Authority (Saint Vincent and the Grenadines)
- Representative Office License in Dubai (No. 1074850)
Top Features
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Execution Speed. As indicated on its website, BelleoFX provides an execution speed as low as 20 milliseconds, ensuring you won’t miss a trade due to lag time.
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Award-Winning Track Record. As aforementioned, this Dubai broker might not have a lot of longevity in the industry, but, in the three years since its founding, it has managed to win a handful of awards and develop several high-profile partnerships. Comparatively, there are some brokers with far more time in the industry who do not have any accolades.
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Easy Sign-Up Process. BelleoFX prides itself on having an easy sign-up process. First, you fill out a simple registration form, and then you upload ID documents for verification. Once your account is approved, you can fund it and begin trading. The process is as easy as it can be, all while still complying with the law.
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MetaTrader 5. This will be further discussed in the “Reliability” section, but BelleoFX does what many brokers do not: it offers MetaTrader 5. MT5 is the enhanced version of MT4, and it has a lot of tools, high-tech features, and indicators to ensure a smooth, glitch-free trading experience.
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Promotions Available. There are two major promotions available with BelleoFX: a 20% tradable bonus and a 100% credit bonus. See the FAQ section at the bottom of this review for more information on these perks.
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Partnership Opportunities Available. There are partnership opportunities available with BelleoFX, including a White Label Program and an Introducing Broker (IB) Program. For those who are IBs, you can make up to $5,000 per month, and the signup is easy. If you want to take advantage of the White Label Program, you will have to call BelleoFX directly for more information.
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Wide Range of Payment Methods Allowed. With BelleoFX, you can use a variety of payment methods to fund your account, including bank transfer, Visa, MasterCard, Maestro, FasaPay, and PM. Deposits range from $100 to $500, and execution is instant for all but bank transfers. There is no commission charged by this broker to fund your account.
Overview
- Type of Broker CFD Brokers, Cryptocurrency Brokers, Forex Brokers, Stock Brokers
- Regulation & Licensing Financial Services Commission (Mauritius), Financial Services Authority (Saint Vincent and the Grenadines), Representative Office License in Dubai 1074850
- Clients Accepted from 240 Countries
- Assets Offered Forex, Stocks, Indices, Commodities
- Platforms Available MetaTrader 5 (Web, Mobile, Download)
- Mobile Compatibility iOS, Android
- Payment Types Accepted Bank Transfer, Visa, Mastercard, Maestro, FasaPay, PM
Account Types
|
Standard |
Swap-Free |
|
|
Features |
Trade on MT5, Floating Spreads, 30% Stop Out Level, 50% Margin Call, Expert Advisors |
Trade on MT5, Floating Spreads, 30% Stop Out Level, 50% Margin Call, Expert Advisors, Swap-Free |
|
Account Currencies |
USD |
USD |
|
Available Leverage |
1:500 for currencies, (1:100 for ZARJPY), 1:200 for metals, 1:100 for energies,1:50 for indices |
1:500 for currencies, (1:100 for ZARJPY), 1:200 for metals, 1:100 for energies,1:50 for indices |
|
Minimum Deposit |
$100 |
$1,000 |
|
Commission Per Trade |
N/A |
N/A |
|
Decimal Pricing |
Up to 5 |
Up to 5 |
|
Trading Instruments |
Currencies, Metals, Energies, Indices, Commodities |
Currencies, Metals, Energies, Indices, Commodities, Stocks |
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
|
Spreads |
Floating, 1.2 Pips |
Floating, 1.5 Pips |
|
Demo Account |
Yes |
Yes |
|
Swap/Rollover Free |
No |
Yes |
|
Copy Trading Support |
Yes |
Yes |
|
Zero-Spread |
PRO |
|
|
Features |
Trade on MT5, Floating Spreads, 30% Stop Out Level, 50% Margin Call, Expert Advisors, Spreads Start At 0 |
Trade on MT5, Floating Spreads, 30% Stop Out Level, 50% Margin Call, Expert Advisors |
|
Account Currencies |
USD |
USD |
|
Available Leverage |
1:500 for currencies, (1:100 for ZARJPY), 1:200 for metals, 1:100 for energies, 1:50 for indices |
1:200 for currencies, (1:100 for ZARJPY), 1:100 for metals, 1:100 for energies, 1:50 for indices |
|
Minimum Deposit |
$1,000 |
$10,000 |
|
Commission Per Trade |
From $15/Lot |
$5/Lot |
|
Decimal Pricing |
Up to 5 |
Up to 5 |
|
Trading Instruments |
Currencies, Metals, Energies, Indices, Commodities |
Currencies, Metals, Energies, Indices, Commodities, Stocks |
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
|
Spreads |
Floating, 0 Pips |
Floating, 0.2 Pips |
|
Demo Account |
Yes |
Yes |
|
Swap/Rollover Free |
No |
No |
|
Copy Trading Support |
Yes |
Yes |
Trading Platforms
- MetaTrader 5
Trading and Investment Tools
- One Click Trading Yes
- Trade off Charts Yes
- Email Alerts Yes
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Trailing Stop Order Yes
- OCO Orders Yes
- Limit Order Yes
- 24hr Trading Yes
- Charting Package Yes
- Streaming News Feed Yes
Compliance & Regulation
BelleoFX, a brand name of Belleo Markets, is registered with the Financial Services Commission of Mauritius (No. 186405 GBC). This broker is also registered by the Financial Services Authority in St. Vincent and the Grenadines (Registration No. 26000 BC 2020).
Fees & Commissions
- Rollover Fee Depends On Asset
- Margin Interest Depends On Asset
Pricing
BelleoFX offers four different account types, and its minimum required deposit is $100. As far as other fees go, BelleoFX doesn’t charge anything for deposits (though you might incur these fees from your payment provider), nor does it charge an inactivity fee.
BelleoFX offers access to 270 instruments across several classes, including:
· Forex. You can trade CFDs on over 55 currency pairs (majors, crosses, and exotics) with tight spreads and no re-quotes. Trading hours are 24/5.
· Stocks. Trade CFDs on some of the most popular stocks in the world (Tesla, Facebook, Apple, Amazon, Microsoft, and more) with BelleoFX through its Swap-Free and PRO accounts.
· Indices. You can access up to 1:30 leverage and spreads as low as 0.6 points while trading indices at BelleoFX. According to this broker, it executes 1,000 order trades a second.
· Commodities. With BelleoFX, commodities include metals (gold and silver), oil and gas, coffee, sugar, cocoa, cotton, and more. You can go long or short, choosing between both rising and falling markets as you see fit.
Service Details
- Supported Languages Multi-Lingual (See FAQ Section)
- Customer Service By BelleoFX
- Customer Service Hours 24/7
- Email Response Time Within 48 Hours
- Telephone Orders No
- Personal Account Manager No
Reliability & Security
Judging from the multi-body regulation that BelleoFX abides by, as well as its high-tech platforms, we gauge that this CFDs broker could be very reliable. After all, MetaTrader 5 is among the most reliable platforms in the world, as it boasts features such as:
· A full set of trade orders (pending, stop-order, etc.)
· Hedging and netting
· 9 timeframes
· 3 chart types
· Data protection
· One-Click trading
· Advanced Market Depth
These are just some of the many bells and whistles of MT5. You can use this platform on Web Terminal, Mac OS, Windows Desktop, iPhone, and Android, either through your browser or via download.
User Experience
BelleoFX is still a new company, so we have not been able to find many established reviews about it online (yet). That said, the few we did see indicated that users had a positive trading experience. BelleoFX has a 4.2/5-star rating on Facebook, along with a 3.7/5-star rating on TrustPilot.
Final Thoughts
Though a new broker, BelleoFX has quickly made a strong showing in the industry, thanks to its four different account types, low spreads, dual regulation, and other great features. This broker could be a solid choice for an experienced trader who likes variety and a chance to use the high-tech, seamless MetaTrader 5 platform.
Contact Info
3501, Burj Al Salam, Trade Center First, Sheikh Zayed Road, Dubai, United Arab Emirates
FAQs
Q: What languages does BelleoFX support?
A: BelleoFX supports: Arabic, Bulgarian, Chinese (simplified, PRC), Chinese (traditional, Taiwan), Croatian, Czech, Danish, Dutch, English, Estonian, Farsi/Persian, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Mongolian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Tajik, Thai, Turkish, Ukrainian, Uzbek, and Vietnamese.
Q: Does BelleoFX offer MT4?
A: BelleoFX only offers MetaTrader 5 (MT5), the updated version of MT4, to its clients.
Q: What promotions are available with BelleoFX?
A: There is a 20% tradable bonus promotion available with BelleoFX (https://belleofx.com/promotions/20-tradable-bonus), as well as a 100% Credit Bonus (https://belleofx.com/promotions/100-credit-bonus). Please click on the links provided to see the terms and conditions of these perks.
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