BelleoFX broker overview

Founded in 2020, BelleoFX is a multi-asset brokerage firm that offers online trading in various financial instruments, including forex, commodities, indices, and stocks. The company is headquartered in Port Louis, Mauritius, and is regulated by the Financial Services Commission (FSC) and the Financial Services Authority (FSA) of SVG.

BelleoFX offers its clients an award winning trading platform, the MetaTrader 5 (MT5), which is available for desktop, web, and mobile phones. In addition, the broker offers 280+ tradable instruments, making it a good choice for those who want to trade a wide range of markets.

One of the critical features of BelleoFX is its low minimum deposit requirement of $100. In addition, it gives the broker access to a wide range of traders, including those new to online trading.

Regarding customer support, BelleoFX offers 24/5 support in English via email, phone, and live chat. The broker also has a strong presence among its customers from 40+ countries. Let's dive into the details of this broker.

Safety details

Being regulated by the Financial Services Commission (FSC), BelleoFX is a safe broker for online trading. The FSC is a Mauritian government agency that is responsible for the regulation of the financial services sector.

The FSA is also a regulatory body in Mauritius that oversees the activities of financial institutions, including brokers. Other safety features of BelleoFX include segregated client funds held in Tier-1 banks and negative balance protection, which ensures that clients cannot lose more than their deposited amount.

Moreover, the broker has implemented modern security measures, such as two-factor authentication and SSL encryption, to protect its clients' data. These features help to make BelleoFX a safe and secure broker for online trading.

BelleoFX has also implemented KYC (Know Your Customer) and AML (Anti-Money Laundering) policies to ensure that its clients are legitimate and their funds are not being used for illegal activities. AML is the key to protecting against money laundering and terrorist financing. Under AML policies, financial institutions must identify and verify their clients' identities.

Fees information

When it comes to fees, BelleoFX is a highly competitive broker. It offers low spreads on the major currency pairs, starting at just 0.2 pips (for Pro accounts). In addition, the broker does not charge any deposit or withdrawal fee from their side if you use credit/debit cards or wallets.

If you use a wire transfer for deposit or withdrawal, then your banks might charge you a fee. This fee depends on your bank, and usually, it is around $20-$50.

BelleoFX does not charge any inactivity fee, so you can keep your account inactive for as long as you want without worrying about being charged a fee.

Moreover, there are no hidden fees or commissions charged by BelleoFX. So, overall, the broker has a very transparent fee structure.

Spreads fees

The spreads fee is a charge you need to pay for every trade you make. The fee is calculated as a percentage of the total value of the trade.

The average spread fees charged by BelleoFX are 0.2 pips on the major currency pairs. However, the broker does not charge any commission on top of this (except for Zero Spread and Pro accounts).

The broker offers floating spreads that help keep the trading costs low. Floating spreads are those that change according to market conditions. So, when the markets are more volatile, the spreads will be higher and vice versa. This is an essential feature for forex traders as it helps keep the costs of trading low.

If you opt for the Zero Spread account, then you have the option of fixed spreads, in which case the spreads will be slightly higher but remain constant regardless of market conditions. So, we can say that BelleoFX is a very competitive broker regarding spreads fees.

Swap fees

Traders need to pay a small fee (known as a "swap" fee) for holding a position overnight. The swap fee is calculated as a percentage of the total value of the trade. By leveraging swaps, traders can extend their trading hours and take advantage of the overnight movements in the markets.

The swap fees keep fluctuating based on the currency pair that you are trading and the current market conditions. However, BelleoFX does not charge any fixed or hidden swap fees. So, overall, the broker is very competitive regarding swap fees.

Deposit and withdrawal options

The broker offers a wide range of deposit and withdrawal options, including bank wire transfers, credit/debit cards (Visa, MasterCard, Maestro), and e-wallets (Neteller, Skrill, FasaPay, PerfectMoney).

The transfers are done instantly if you deposit or withdraw funds using debit cards, credit cards, or e-wallets. In addition, if you use wire transfers, the funds will be credited to your account within 1-3 days.

In terms of withdrawals, the broker processes them within 24 hours. However, depending on the banks, the actual time can be around 2-3 business days.

The minimum deposit amount is $100, and the maximum leverage is 1:500 for the Standard account. The minimum deposit for other accounts varies from $1000 to $10,000.

Both the deposit and withdrawal methods are protected with the latest 128-bit SSL encryption technology. Moreover, as it's a regulated broker, clients need to undergo the KYC (know your customer) and AML (anti-money laundering) procedures.

BelleoFX has a very good deposit and withdrawal process compared to other brokers. So whether you trade forex, commodities, indices, or stocks, you'll find a wide range of tradable instruments at BelleoFX.

Negative Balance Protection

Negative balance protection is an essential feature for online traders, as it protects them from incurring losses that exceed their account balance. This is a must-have feature for any regulated broker, and BelleoFX is no exception.

The broker offers negative balance protection to all its clients, regardless of the account type they choose. This means that you will never lose more money than what you have in your account, which is a very important safeguard for online traders.

Tradable markets available at BelleoFX

This broker offers 250+ tradable instruments across multiple markets, including forex, commodities, indices, and stocks. All these instruments are available to trade on the MetaTrader 5 (MT5) platform. First, let's look at all tradable markets available at this multi-asset broker:

Forex:

Forex trading is among the most popular trading activities among online traders. BelleoFX offers a total of 60+ currency pairs for trading. All major, minor, and exotic currency pairs are available for trading. Major currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, NZD/USD, USD/CAD.

Minor currency pairs: EUR/GBP, EUR/JPY, GBP/JPY, GBP/CHF, AUD/CAD, AUD/JPY, NZD/CAD. Exotic currency pairs: EUR/TRY, USD/MXN, USD/ZAR, USD/SGD, USD/HKD, USD/NOK, USD/SEK. As the broker offers higher leverage and floating spreads, forex trading at BelleoFX can be pretty profitable for traders.

Commodities:

You can easily trade CFDs on physical commodities at BelleoFX. The broker offers 10+ commodities for trading, including precious metals, energies, and agricultural commodities. Gold, silver, crude oil, natural gas, corn, coffee, and soybean are some favored commodities you can trade at BelleoFX.

Commodity trading is an excellent way to diversify your trading portfolio, as commodities tend to move differently from other asset classes, such as forex, stocks, and cryptocurrencies. Using MT5, you can trade commodities as either spot contracts or CFDs.

Indices:

If you're looking to trade global stock market indices, BelleoFX is a good choice, as the broker offers a total of 15+ indices for trading. Indices that are available for trading include US30, UK100, Germany30, France40, Japan225, and Australia200. In addition, you can trade indices as either CFDs or spot contracts on MT5.

Indices trading is also a popular way to diversify your trading portfolio, as indices tend to be less volatile than stocks. Moreover, you can trade indices 24 hours a day from Sunday evening to Friday evening.

Stocks:

You can also trade a wide range of global stocks at BelleoFX, as the broker offers more than 200 stocks for trading. In addition, stocks from popular exchanges such as the NYSE, NASDAQ, London Stock Exchange (LSE), and Deutsche Borse are available for trading.

Some popular stocks you can trade at BelleoFX include Apple, Google, Facebook, Amazon, and Microsoft. You can trade stocks as either CFDs or spot contracts on MT5. Traders can take advantage of the volatile nature of stocks to make profits.

BelleoFX is a good choice for those who want to trade a wide range of markets. In addition, the broker offers a variety of tradable instruments, making it a good choice for those who want to trade a wide range of markets.

Leverage details:

BelleoFX offers leverage of up to 1:500 on forex pairs. This is a high level of leverage available only to professional clients.

The 1:500 leverage is available for forex currencies, and using this leverage; a trader can control $500 in the market by investing only $1. This high level of leverage is ideal for experienced traders looking to take advantage of short-term market movements.

For metals, the leverage is 1:200; for energies, it's 1:100; and for indices, it's 1:50. Compared to other brokers, they offer a higher level of leverage on forex pairs.

Leverage is a powerful facility that lets traders control large amounts of capital with a relatively small amount of money. However, it's important to remember that leverage is a double-edged sword and can lead to significant losses as well as gains.

Trading platform

BelleoFX offers the MetaTrader 5 (MT5) platform, which is a popular choice among online traders. The MT5 platform is available for desktop, web, and mobile devices. The broker also provides a downloadable version of the MT5 platform for Windows and macOS computers.

The MT5 platform is a powerful trading platform that offers many features and tools. Some of the key features of the MT5 platform include the following:

Advanced charting tools:

The MT5 platform offers a wide range of charting tools that can be used to conduct technical analysis. Some popular advanced charting tools available on the MT5 platform include multiple timeframes, advanced indicators, and drawing tools. In addition, the MT5 platform also offers a range of historical data.

Market analysis:

The MT5 platform provides access to a wide range of market analysis tools. These market analysis tools can be used to identify trends and make informed trading decisions. In addition, the MT5 platform also provides access to economic news and calendars.

Automated trading:

The MT5 platform offers a wide range of features that can be used to automate trading. These features include automated trading robots and the ability to backtest trading strategies. Automated trading is a helpful feature for those who want to trade the markets without having to monitor their positions constantly.

One-click trading:

The MT5 platform offers one-click trading, a helpful feature for those who want to trade the markets quickly. One-click trading allows traders to place orders with just a few clicks. Using MT5, traders can also set up price alerts and create watchlists.

Full EA compatibility:

The MT5 platform is fully compatible with Expert Advisors (EAs). EAs are automated trading robots that can be used to trade the markets on your behalf. EAs can be downloaded from the internet or created using the MetaEditor tool.

30 indicators and 24 graphical objects:

The MT5 platform offers a wide range of indicators and graphical objects. These indicators and graphical objects can be used to conduct technical analysis and make informed trading decisions.

Real-time quotes:

The MT5 platform provides access to real-time quotes, which is a helpful feature for those who want to trade the markets in real-time. These real-time quotes can be used to make informed trading decisions.

Trading accounts:

BelleoFX offers four accounts, which are:

Standard:

It requires a minimum deposit of $100 and offers floating spreads from 1.2 pips, no commission, and leverage up to 1:500. The Standard account is ideal for beginner traders. The maximum leverage is 1:500, and the minimum volume is 0.01 lot. Moreover, the stop-out level and margin call are set at 30% and 50%, respectively. Traders also get a swap facility that helps them to hold their positions overnight.

Swap-Free:

It requires a minimum deposit of $1000 and offers floating spreads from 1.5 pips, no commission, and leverage up to 1:500. The Swap-Free account is ideal for those who want to trade without having to pay any swap fees. The maximum leverage on this account is 1:500, and the minimum volume is 0.01 lot. The stop-out level and margin call are set at 30% and 50%, respectively. You also get expert advisor support with this account type.

Zero Spread:

It requires a minimum deposit of $1000 and offers fixed spreads from 0 pips, no commission, and leverage up to 1:500. The fixed spreads on this account type make it ideal for scalpers and day traders. The maximum leverage is 1:500, and the minimum volume is 0.01 lot. The stop-out level and margin call are set at 30% and 50%, respectively. In addition, a zero Spread account lets traders Expert Advisor support.

Pro Account:

It requires a minimum deposit of $10,000 and offers floating spreads from 0.2 pips, a commission from $5 per lot, and leverage up to 1:500. The Pro account is ideal for those who want to trade with a professional broker. The stop-out level and margin call on the Pro account are set at 30% and 50%, respectively.

How to open an account?

Follow the below steps to open a BelleoFX account:

Step 1: Go to the website and click on Register.

Step 2: Enter the details, including name, email, date of birth, and country of residence.

Step 3: Select your trading account type and leverage size.

Step 4: Choose your deposit method and currency.

Step 5: Enter your investment amount and click on 'Open Account.'

Customer support:

The broker offers 24/5 support in English via email, phone, and live chat. You can reach out to the company with the help of live chat on their website, at +971 4 541 7900 by call or via email at support@belleofx.com. Additionally, traders can connect with the support team using the live chat option. Their customer support is highly responsive, and they are always ready to answer any queries that you may have.

​​Educational resources:

As the broker offers the MT5 platform and a wide range of tradable instruments, it also provides an opportunity to learn and improve trading skills with the help of educational resources. The broker offers a free demo account with $10000 in virtual money. It is a good place to test different trading strategies and determine which works best for you.

Tools available on the platform:

As this multi-asset broker supports MT5, it provides all the features that are available on this platform.

Analysis and charting:

All the analytical tools that are needed for fundamental and technical analysis are available on MT5. These include various indicators, price charts, and news feeds. In addition, if you're into technical analysis, you'll be pleased to know that MT5 supports automated trading through the use of expert advisors (EAs).

Order types and execution:

BelleoFX offers market execution and a wide range of order types, including pending orders and stop-loss orders. This feature-rich platform also supports algorithmic trading through the use of EAs.

Trading Signals:

The broker provides access to trading signals through the MetaTrader 5 platform. This is a valuable tool for those who want to receive trade recommendations from third-party providers. Trading signals can be accessed from the MetaTrader 5 market tab.

Calculators:

The broker provides a range of online calculators on its website, including a currency converter, margin calculator, and pip calculator. These calculators can be used to calculate the potential profits and losses from your trades.

BelleoFX in a nutshell:

BelleoFX is a highly-regulated multi-asset brokerage firm that offers online trading in a wide range of financial instruments, including forex, commodities, indices, and stocks. The company is headquartered in Port Louis, Mauritius, and is regulated by the Financial Services Commission (FSC) and the Financial Services Authority (FSA).

Overall, BelleoFX is a good choice for those who are looking for a reliable and regulated broker that offers a wide range of tradable instruments and a low minimum deposit requirement. The broker also has a strong presence among its customers from 40+ countries and offers 24/5 support in English.

FAQs

What is the minimum deposit on this platform?

The minimum deposit is USD 100.

What is the maximum leverage offered?

The maximum leverage offered is up to 1:500.

Do they offer a demo account?

Yes, they offer a full-fledged demo account.

Is BelleoFX a regulated broker?

Yes, it is a highly regulated broker. The company operates under the Financial Services Commission (FSC) and the Financial Services Authority (FSA).

What are the deposit and withdrawal methods available?

Multiple deposits and withdrawal methods are available, including wire transfers and credit/debit cards.

How to open your account with the broker?

You can open your account with the broker by going to their website and filling out the easy registration form.

Does this platform support MT4 & MT5?

They support MT5 but not MT4.

What are the spreads available on this platform?

The spreads start from 0.0 pips.

What is the minimum trade size for this broker?

The minimum trade size is 0.01 lots.

How to contact customer support?

You can reach out to their customer support via live chat, email, or telephone.

Do they offer educational content?

Yes, they offer a comprehensive FAQ section.

Can US residents open accounts with this broker?

As of now, US residents need help to open an account with this broker.

How can I change my password on this broker platform?

You can change your password by going to the client portal and clicking on the "change password" button.

What account types do they offer?

They offer four accounts — Standard, Swap-free, Zero Spread, and Pro.

Is this broker good for scalping?

This broker is suitable for scalping.