Well Regulated by
- Financial Services Commission (Mauritius)
- Financial Services Authority (Saint Vincent and the Grenadines)
- Representative Office License in Dubai (No. 1074850)
Introduction:
- 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.
Top Belleofx Features
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
Belleofx 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 | $50 | $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 |
BelleoFX Pros and Cons
Here are some Pros and Cons of BelleofX:
Pros
Cons
- 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 4.8 out of 5.
- There are two promotions available currently.
- No US Traders are permitted.
Is BelleoFX Safe or Scam?
No, BelleoFX is not a scam. it is a well-regarded broker established in Dubai, UAE, authorized and regulated by regulators.
