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BelleoFX

Mauritius|2-5 years|
MT5 Full License|Regional Brokers|High potential risk|

https://belleofx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
BelleoMarkets-Server MT5
Server Location United Kingdom

Contact

+971 4 541 7900
support@belleofx.com
https://belleofx.com/
Level 6, Ken Lee Building, 20 Edith Cavell St, Port Louis, Mauritius

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+971 4 541 7900

Broker Information

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Company Name

Belleo Markets (Mauritius)

Company Abbreviation

BelleoFX

Platform registered country and region

Mauritius

Company website
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Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-05-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Unable to Withdraw

Plz Decler Belleofx As Scam and fraud compny stamp

Subject: Review of Belleofx scammer Broker - my Mt5 Account No.12661 Dear Sir/Madam, I am writing to provide my review of the services provided by Belleofx scammer Broker. My name is Farooq Ali Abbasi, and I opened an account with Belleofx with the MT5 A/C No. . I2661 would like to bring to your attention an incident that has occurred with my account, which has led me to believe that Belleofx is a fraudulent broker. On 22th April, I deposited 504 USD into my account and opened a sell trade of 31 shares of US shares META Facebook. I made a profit of 2251 .96USD, and when I requested to withdraw my profits, so Belleofx scammer company canceled all of my profits and emailed me that I had done fraudulent trading. I fail to understand how trading based on speculation or news can be considered fraudulent. I made a profit, and when I asked for it, they refused to give it to me. If I make money, they refuse to give it to me, but if I lose money in a trade, they do not seem to care or ask. They offered me to return only my initial deposit. I would like to warn all retail traders to be cautious when trading with Belleofx scammer company. It appears that they run standalone servers that are not connected to exchanges. I am warning all readers be ware of this fraudulent broker. I am attentioning CEO of belleofx that your broker is doing scam with me, kindly return my profit, i didn't do any wrong, just do a normal trade in US share provided by your broker. If i loss with same strategy then will company compensate my loss ? I request all retail traders to withdraw their money from Belleofx scammer company sooner rather than later because, even if you make a profit, you will eventually lose your hard-earned money. I would appreciate your help in spreading the news about this incident so that others do not lose their money to this scammer broker. I have attached screenshots, proofs, videos, and screens to this email. I will be meeting with my lawyer this week to take action a

Farooq Ali Abbasi
2024-04-27 19:18

BelleoFX · Company Summary

General Information & Regulation

Belleofx, a trading name of Belleofx UK Limited, is registered by the Financial Services Authority (FSA) of St. Vincent & the Grenadines as an international business company with registration number 26000 BC 2020. The broker claims to provide its clients with the industry-standard MetaTrader5 trading platform, leverage up to 1:500, floating or fixed spreads from 0 pips on over 250 tradable assets and investment portfolios, as well as a choice of four different live account types and 24/5 customer support service.

Market Instruments

Belleofx advertises that it is a multi-asset platform with more than 250 trading instruments in financial markets, including forex, stocks, equity indices, gold, oil and cryptocurrencies.

Account Types

Belleofx claims that its demo accounts have no expiration date, so you can use them for as long as you like. Note that the demo account will be closed if it has been inactive for longer than 90 days since the last login. However, demo accounts can be reopened at any time. The number of active demo accounts is limited to five. Apart from demo accounts, there are four live trading accounts offered by Belleofx, namely Standard, Swap-Free, Zero Spread and Pro. Opening a Standard account requires the minimum initial deposit amount of $100, while the other three account types have much higher minimum initial capital requirements of $1,000, $1,000 and $10000 respectively.

Account

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard, Swap-Free or Zero Spread account can enjoy the maximum leverage of 1:500, while the Pro account can experience leverage of 1:200. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. Belleofx states that the Standard, Swap-Free and Pro accounts have floating spreads while the Zero Spread account has fixed spreads, To be more specific, the spread on the Standard account starts from 1.2 pips, and the clients on the Swap-Free account can experience spreads from 1.5 pips, the Zero Spread account can enjoy fixed raw spreads of 0 pips, and the Pro account has floating spreads from 0.2 pips. As for commissions, there is no commission for the Standard and Swap-Free account while for the Zero Spread and Pro accounts, the broker will charge a commission from 15$ and 5$ per lot separately.

Trading Platform Available

When it comes to trading platforms available, Belleofx says to give traders the one and only MetaTrader5, a multi-award-winning best trading platform for all asset classes available for BelleoFX clients. MT5 is compatible with all devices including the Web, Android, iPhone, Windows Desktop and Mac OS. Indeed, as a successor of MT4, MT5 is a state-of-the-art, multi-functional platform that offers advanced technical analysis tools, automated trading functions (EA) and mobile applications, as well as a user-friendly interface, allowing traders to view their orders, transactions, account details, and keep abreast of the latest market conditions.

Trading

Trading

Trading

Deposit & Withdrawal

From the logos shown at the foot of the home page on Belleofxs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices with Bank transfers, Visa, MasterCard, Maestro, Fasapay, Perfect Money and crypto wallets of Bitcoin, Ethereum and Litecoin, yet we cannot be sure if these payment options are all available. The minimum deposit requirement is $100. The broker also says it charges $0 deposit fees.

Deposit

Customer Support

Belleofxs customer support can be reached by telephone: +447727725738, email: support@belleofx.com, live chat or request a callback. Besides, you can also follow this broker on some social media platforms like Facebook, Quora, Instagram and LinkedIn. Headquarter: Level 6, Ken Lee Building, 20 Edith Cavell St, Port Louis, Mauritius. Registered address: Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont, Kingstown St. Vincent and the Grenadines.

User Reviews

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User comment

13

Comments

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FX1678917738
more than one year
Excellent overall. Shame no Shares or Commodities available in the MT4 platform.
2024-05-17 16:56
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0
0
Maden123
6-12months
Specially using offshore licenses with no regulatory force, which can run away at any time. Without any regulatory force, money can be easily lost after deposit
2023-11-14 17:28
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0
0
Maden123
6-12months
such a bad broker , how dare one company without license keeping running so long, take care of your money , don't deposit here
2023-11-13 18:05
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0
0
Leon8859
6-12months
One aspect that sets BelleoFX apart is the personalized account manager support they provide. From the moment I signed up, I was assigned a dedicated account manager who has been instrumental in guiding me through my trading journey. My account manager is responsive, knowledgeable, and goes above and beyond to address my queries and provide valuable insights. Having a dedicated point of contact has made my experience with BelleoFX even more rewarding, and I feel well-supported in achieving my trading goals.
2023-09-21 22:39
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0
0
Arisha M
6-12months
Excellent broker! I have found them the best so far. After trading with 2 brokers earlier, this one stands out with their great customer support and very nice learning materials. I recommend them highly.
2023-09-21 22:32
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0
0
realuser30883
6-12months
STAY AWAY ! Profit Trades are deleted from the system, if you catch them, they will say you did Latency Arbitrage or make up some excuse and not give you your profit. They will return your capital as that can create a legal issue for them but bye bye to profit. What is the point of trading with a broker that doesnt pay your profit but happily takes your loss? Opened my account, made the trade 1st day and a few hours later noticed trades being deleted. Their office in Dubai is only for marketing and account will be opened in a jurisdiction that allows them to do anything they want. No legal action can be taken against such fraud activities especially if they have returned your capital to you. STAY ALERT !
2023-08-06 22:57
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0
0
Eu7431
6-12months
Scam. They are scammers. I do not recommend. I took a loss. First: They put my account in a pamm and I didn't know about it. Second: I was following an account of a certain trader and by the history it was highly profitable. But I noticed that an order opened on Thursday disappeared on Monday without closing. It was manipulated. After that I wanted to withdraw my capital. I decided to close some losing orders because with the winning ones I would be fine. But when I closed my account all was stopped. They handle the accounts. Put your account on pamm without your permission. Blow!
2023-06-26 02:15
Reply
0
1
roy54824
more than one year
With belleofx, the trading platform is easy to use and they offer a generous leverage up to 1:500. I have no problems with this broker. In terms of rating, I give it four stars.
2023-02-27 12:05
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0
0
随遇而安6812
more than one year
It seems that someone has been scammed in belleofx: he encountered with some deposit issues. Considering its regulation status, it will be unrational to trade here.
2023-02-15 17:35
Reply
0
0
FX1153487363
more than one year
Bonuses and a trader who will handle your trades for you may seem like a good deal at first, but then your capital could be at risk due to the trader's usage of large lot sizes. It's tough to go through withdrawal.
2022-12-11 16:27
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0
0
filatovarthur
more than one year
Opened Account 10 months back.. till the time all the things are fine.. no complain so far. Even I suggested this to some of my friends they are also happy with their offerings. Love to suggest BeleoFx as a trading partner. Love from Sweden. Regards Filatov Arthur
2022-12-08 12:16
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0
0
ㅎㅎㅎ
more than one year
Just opened a standard account, on which the spread is very low, the commission is free, the trading instruments are also very rich, and the MT5 platform is also very easy to use. I am very satisfied.
2022-11-30 18:32
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0
0
Aiden Li
more than one year
BelleoFX put my accounts in a PAMM without my permission. I never told them to do that! I was worried about their manipulation and wanted to withdraw my funds. with lots of work I managed to withdraw the balance of one of them. This broker said I had to close my negative orders. Ok, I did. But they still haven’t returned my money. Liars!
2022-11-30 13:44
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