BelleoFX

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.

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.

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.

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.