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BelleoFX

Mauritius|5-10 years|
High potential risk|

https://belleofx.com/

Website

Rating Index

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!

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Contact number

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+971 4 541 7900

Other ways of contact

Broker Information

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Company Name

Belleo Markets (Mauritius)

Abbreviation

BelleoFX

Platform registered country and region

Mauritius

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

BelleoFX · WikiFX Survey

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BelleoFX · Company Summary

Broker Name BelleoFX
Registered in Mauritius
Founded in 2-5 years ago
Regulation Not regulated
Min. Deposit $50
Tradable Assets Forex, Stocks, Indices, Commodities
Account Types Standard , Swap-free, Zero Spread, Pro, Promo, PAMM
Demo accounts Yes
Max. Leverage 500:1
Min. Spreads From 0 pips
Copy Trading No
Payment Methods Bank transfers, Visa, MasterCard, Maestro, Fasapay, Perfect Money and crypto wallets of Bitcoin, Ethereum and Litecoin
Customer Service Phone, Email, Live Chat, Social Media
Promotions Yes

What is Belleofx?

BelleoFX is a relatively new Mauritius-based brokerage firm that has been operational for the past 2-5 years. Operating without any regulatory oversight, the broker offers four classes of tradable assets, including forex, stocks, indices, and commodities. Some attractive features include low minimum deposits of $50, competitive spreads from 0 pips, and leverage up to 500:1. However, popular copy trading features are not supported.

What is Belleofx?

Is Belleofx legit?

A major drawback of BelleoFX is its complete lack of regulatory oversight. As an unlicensed and unregulated broker, it operates without adhering to stringent rules and investor protection measures mandatory for regulated entities. This absence of external scrutiny raises concerns about transparency, adherence to best practices, and safeguarding client funds. While offering more flexibility, an unregulated status also exposes traders to potential risks like market manipulation, undercapitalization, and limited recourse.

Is Belleofx legit?

Pros and Cons

On the positive side, BelleoFX offers access over 1,000 tradable assets and beginner-friendly account minimums, making it accessible to investors with varying levels of capital. Furthermore, it supports popular platforms like MT5 and its proprietary app, providing flexibility in trading tools. The comprehensive customer support and flexible leverage up to 500:1 are also notable advantages. However, as a relatively young broker, the lack of regulation remains a huge risk. Additionally, the limited product classes and absence of social trading feature may be drawbacks for traders seeking a more comprehensive trading experience.

Pros Cons
  • Over 1000 tradable assets
  • Not regulated
  • Beginner-friendly account minimums
  • Limited classes of products
  • MT5 and proprietary app supported
  • Relatively young
  • Comprehensive customer suppport
  • No social trading supported
  • Flexible leverage up to 500:1

Market Instruments

BelleoFX offers over 1,000 tradable assets, catering to investors with varying risk appetites and trading preferences.

Forex offering includes a selection of 55+ currency pairs, including major pairs, crosses, and exotic currencies, providing ample opportunities for speculation and hedging strategies.

Market Instruments

For stock traders, BelleoFX presents a compelling proposition by allowing access to some of the world's most sought-after equities, such as Apple, Microsoft, Netflix, Amazon, and Alphabet. Traders can take advantage of low spreads and efficient execution, enabling them to capitalize on market movements.

Market Instruments

BelleoFX's index offerings span multiple regions, including Australia (AUS200), China (CHINA50), Brazil (BVSPX), Europe (EUSTX50 and FRA40), Germany (GER40), and Hong Kong (HSI). Indices trading leverage varies from 20:1 to 200:1.

Market Instruments

Furthermore, BelleoFX offers a unique opportunity to trade commodities, enabling investors to gain exposure to precious metals like gold and silver, as well as energy resources like oil and gas. Additionally, the broker allows trading in agricultural commodities such as coffee, cocoa, sugar, and cotton, and more.

Market Instruments

Account Types

BelleoFX offers six account options, namely Standard, Swap-Free, Zero Spread, PRO, Promo, PAMM.

The Standard account is designed for beginners, with a low minimum deposit of $50, floating spreads starting from 1.2 pips, and leverage up to 1:500. This account is well-suited for those looking to explore the markets without significant initial capital outlay.

For traders seeking Shariah-compliant trading, the Swap-Free account provides a solution. While requiring a higher minimum deposit of $1,000, this account type eliminates swap charges, making it an attractive option for Muslim traders. Additionally, it offers competitive floating spreads starting from 1.5 pips and leverage up to 1:500.

The Zero Spread account is tailored for high-volume traders who prioritize tight spreads over commissions. With a minimum deposit of $1,000, this account type offers spreads from 0 pips, albeit with a commission charged at $15 per lot traded. Leverage is capped at 1:500, ensuring effective risk management.

For professional and institutional traders, BelleoFX's PRO account is an ideal choice. With a substantial minimum deposit of $10,000, this account provides spreads from 0 pips and a competitive commission of $5 per lot. Leverage is limited to 1:200, catering to sophisticated traders with robust risk management strategies.

BelleoFX also offers a Promo account with a 100% bonus, requiring a minimum deposit of $500. While spreads start from a higher 1.8 pips, this account type allows traders to leverage their initial capital through the bonus, potentially enhancing their trading opportunities. Leverage is capped at 1:200 for risk management purposes.

Lastly, the PAMM (Percent Allocation Management Module) account is designed for money managers and investors seeking to diversify their portfolios. With a minimum deposit of $2,000, this account type offers floating spreads from 1 pip and leverage up to 1:200, providing a suitable environment for professional money management services.

Account Types
Account Types

Leverage

BelleoFX offers varying maximum leverage ratios across its account types. Standard, Swap-Free, and Zero Spread account holders can access leverage up to 1:500, while the Pro account is capped at 1:200. It's crucial to note that leverage is a double-edged sword, amplifying both potential gains and losses. Inexperienced traders are advised against employing excessive leverage, as it heightens the risk of significant losses, especially during adverse market conditions. Prudent risk management practices are recommended when utilizing leverage to ensure sustainable and responsible trading.

Leverage

Spreads & Commissions

BelleoFX offers several account options with varying spread and commission structures to accommodate different trading strategies and preferences. The Zero Spread and Pro accounts provide spreads from 0 pips, with the Zero Spread account charging a commission of $15 per lot traded, while the Pro account has a lower commission of $5 per lot. Conversely, the Standard account is geared towards beginners, with spreads starting from 1.2 pips and no commissions. For Shariah-compliant trading, the Swap-Free account offers spreads from 1.5 pips without commissions. The Promo account, featuring a 100% bonus, has spreads from 1.8 pips and no commissions, making it an attractive option for traders seeking to leverage their initial capital. Finally, the PAMM account, designed for money managers, offers spreads from 1 pip without commissions, providing a suitable environment for professional portfolio management services.

Promotions

BelleoFX offers a 100% Credit Bonus to clients who open a qualifying live account. This means you can potentially double your trading capital with bonus funds. There's a minimum deposit of $500 to qualify, and the bonus applies to subsequent deposits of that amount as well. Be sure to review the full terms and conditions to ensure you understand any restrictions or requirements associated with the bonus offer.

Promotions

Trading Platforms Available

BelleoFX provides traders with a choice of robust trading platforms to suit their preferences and trading needs. First offering is the widely acclaimed MetaTrader 5 (MT5) platform, which is available across multiple devices, including Android, iOS, Windows, and macOS. This industry-standard platform is renowned for its advanced charting capabilities, automated trading features, and a vast array of technical indicators and tools.

Trading Platforms Available

BelleoFX Go

Additionally, BelleoFX has developed its own proprietary trading app, BelleoFX Go, which is particularly well-suited for indices trading. This platform is designed to offer a seamless and user-friendly experience, catering to traders who prioritize simplicity and efficiency.

BelleoFX Go

Deposit & Withdrawal

Based on the logos displayed on BelleoFX's official website, the broker appears to offer various popular deposit and withdrawal methods. Traditional options like bank transfers and major credit/debit cards (Visa, MasterCard, Maestro) seem to be available. Additionally, the broker also support e-wallets such as Fasapay, SticPay, Perfect Money, and Payop, as well as cryptocurrencies like Bitcoin, Ethereum, and Litecoin for added convenience. However, it's advisable to verify the availability of these payment methods directly with the broker, as the information provided on the website may not be exhaustive. Notably, BelleoFX claims to charge no deposit fees, and the minimum deposit requirement for the Standard account is a relatively low $50.

Deposit & Withdrawal

Customer Support

BelleoFX offers comprehensive customer support options for their clients. They have a phone line (+971 4 541 7900) and email address (support@belleofx.com) for direct inquiries. Additionally, they provide an online chat function for real-time communication.

Belle of X also maintains a social media presence, allowing you to connect with them on platforms like Facebook, Instagram, and LinkedIn. While not explicitly mentioned, it's likely they were previously active on Twitter and YouTube as well.

Customer Support
Customer Support

Conclusion

Overall, BelleFX is an interesting option for traders who prioritize curreny trading and a user-friendly platform (MT5). The low $50 minimum deposit makes it attractive for beginners, while the variety of account types caters to more experienced traders as well. However, the lack of regulation and features like copy trading are important considerations. If you're a new trader comfortable with an unregulated broker and want to explore stocks, forex, and other assets, BelleFX could be worth a look.

FAQs

Is BelleoFX legit?

No, BelleoFX currently operates without any regulation.

What is the minimum deposit amount at BelleFX?

The minimum deposit at BelleFX is $50. This is a relatively low barrier to entry, making it accessible to new traders who may not want to commit a large amount of capital upfront.

Does BelleFX offer copy trading?

No, BelleFX does not currently offer copy trading functionality.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

News

Exposing Belloofx: A Warning to Traders

ExposureExposing Belloofx: A Warning to Traders

2024-06-06 17:42

Belloofx, a purported trading platform, has been accused of scamming its clients. Farooq, a 43-year-old trader from Pakistan, has come forward with a detailed account of how he was defrauded by this unscrupulous broker. This article aims to highlight his experience and warn other traders about the potential dangers of trading with Belloofx.

WikiFX
2024-06-06 17:42
Exposure
Exposing Belloofx: A Warning to Traders

Review 11

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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
04-27
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