Verified: BelleoFX, A Company Registered On October 9, 2019, Is A Relatively New Company Headquartered In Mauritius. At Present, The Company Has No Effective Supervision. Clients Should Consider The Risks When Choosing Such Unregulated Platforms For Trading.

The Following Is The General Information Displayed According To The Company's Official Website:

BelleoFX Claims To Have Been Operating For 2-5 Years And Offers Four Classes Of Tradable Assets For Forex, Stocks, Indices And Commodities. Some Attractive Features Include A Low Minimum Deposit Amount Of 50 Dollars, A Highly Competitive 0-pip Spread, And A Maximum Leverage Ratio Of 500:1. However, The Popular Copy Trading Function Is Not Supported.

A Major Drawback Of BelleoFX Is The Complete Lack Of Regulatory Oversight. As An Unlicensed And Unregulated Broker, It Operates In Terms Of Non-compliance With Strict Regulations And Investor Protections Enforced On Regulated Entities. This Lack Of External Scrutiny Raises Concerns About Transparency, Following Best Practices And Protecting Client Funds. While Providing Greater Flexibility, The Unregulated Status Also Exposes Traders To Latent Risks Such As Market Manipulation, Insufficient Funds And Limited Recourse.

On The Positive Side, BelleoFX Offers Over 1,000 Tradable Assets And Minimum Account Amounts Suitable For Beginners, Making It Possible For Investors Of All Funding Levels To Participate. In Addition, It Supports Popular Platforms Such As MT5 And Its Own Apps, Providing Flexible Trading Tools. Comprehensive Customer Support And Flexible Leverage Of Up To 500:1 Are Also Significant Advantages. However, As A Relatively Young Broker, Lack Of Regulation Remains A Huge Risk, In Addition To The Limited Product Categories And Lack Of Social Trading Features That May Cause Inconvenience To Traders Seeking A More Comprehensive Trading Experience.

Forex Trading Includes 55 + Currency Pairs, Including Major Currency Pairs, Cross Currency Pairs, And Foreign Currencies, Providing Ample Opportunities For Speculation And Hedging Strategies.

For Stock Traders, BelleoFX Offers A Compelling Option That Allows Trading Some Of The World's Most Sought-after Stocks, Such As Apple, Microsoft, Netflix, Amazon, And Alphabet. Traders Can Take Advantage Of Low Spreads And Efficient Execution To Profit From Market Volatility.

BelleoFX's Index Products Cover Multiple Regions, Including Australia (AUS200), China (CHINA50), Brazil (BVSPX), Europe (EUSTX50 And FRA40), Germany (GER40), And Hong Kong (HSI). Leverage For Index Trading Ranges From 20:1 To 200:1.

In Addition, BelleoFX Offers Unique Opportunities To Trade Commodities, Giving Investors Access To Precious Metals Such As Gold And Silver, As Well As Energy Resources Such As Oil And Gas. In Addition, The Broker Also Allows Trading Agricultural Products Such As Coffee, Cocoa, Sugar, And Cotton.

Account Types

BelleoFX Offers Six Account Options, Namely Standard Account, No Swap Account, Zero Spread Account, PRO Account, Promotional Account, PAMM Account.

Standard Account: Suitable For Beginners, With A Minimum Deposit Of 50 Dollars, Floating Spreads Starting From 1.2 Pips And Leverage Up To 1:500. This Kind Of Account Is Ideal For Those Who Wish To Explore The Market Without The Need For Large Initial Funds.

No Swap Account: Provides A Solution. While A Higher Minimum Deposit Of $1,000 Is Required, This Account Type Is Free Of Swap Fees And Is An Attractive Option For Muslim Traders. In Addition, It Offers Competitive Floating Spreads Starting At 1.5 Pips With Leverage Up To 1:500.

Zero Spread Account: Tailored For High Volume Traders Who See Tight Spreads As An Important Factor Rather Than A Commission. This Account Type Has A Minimum Deposit Of $1,000 And Offers A 0 Pip Spread, But Charges A $15 Commission Per Lot Traded. Leverage Is Limited To 1:500, Ensuring Effective Risk Management.

PRO Account: Is An Ideal Option. The Account Has A Minimum Deposit Of $10,000 And Offers 0 Spreads And A Competitive Commission Of $5 Per Lot. Leverage Is Limited To 1:200 And Caters To Advanced Traders With Strong Risk Management Strategies.

Promotional Account: Enjoy A 100% Bonus With A Minimum Deposit Requirement Of $500. While Spreads Start At A Higher 1.8 Pips, This Account Type Allows Traders To Increase Their Initial Capital With Bonuses, Thus Enhancing Trading Opportunities. Leverage Is Limited To 1:200 For Risk Management.

PAMM Account: Designed For Money Managers And Investors Looking To Diversify Their Portfolios. With A Minimum Deposit Of $2,000, This Account Offers A Floating Spread Of 1 Pip And A Maximum Leverage Ratio Of 1:200, Providing An Appropriate Environment For Professional Money Management Services.

Leverage Ratio

BelleoFX Offers Different Maximum Leverage Ratios In Its Account Types. Standard Account, No Exchange Fee Account, And Zero Spread Account Holders Can Get A Maximum Leverage Ratio Of 1:500, While PRO Accounts Are Limited To 1:200. It Must Be Noted That Leverage Is A Double-edged Sword That Amplifies Potential Profits And Losses. Inexperienced Traders Are Advised Not To Use Excessive Leverage As It Increases The Risk Of Significant Losses In Adverse Market Conditions. When Trading With Leverage, Prudent Risk Management Practices Are Recommended To Ensure Sustainable And Responsible Trading.

Spreads And Commissions

BelleoFX Offers A Variety Of Account Options With Different Spread And Commission Structures To Accommodate Different Trading Strategies And Preferences. Zero Spread Accounts And PRO Accounts Offer 0 Spreads, Where Zero Spread Accounts Charge A Commission Of 15 Dollars Per Lot Traded, While PRO Accounts Charge A Lower Commission Of 5 Dollars Per Lot Traded. In Contrast, Standard Accounts Are Geared Towards Beginners, With Spreads Starting At 1.2 Pips And No Commission. For Trading In Line With Islamic Teachings, No Exchange Fee Accounts Offer A Spread Of 1.5 Pips And No Commission. Promotional Accounts Offer A 100% Bonus With Spreads Starting From 1.8 Pips And No Commission, Making It An Attractive Option For Traders Looking To Leverage Their Initial Capital. Finally, PAMM Accounts Designed Specifically For Money Managers Offer A 1 Pip Spread With No Commission, Providing An Appropriate Environment For Professional Portfolio Management Services.

Promotions

BelleoFX Offers A 100% Credit Bonus To Clients Who Open Eligible Real Accounts. This Means That You Can Potentially Double Your Trading Capital With Bonus Funds. To Qualify, The Minimum Deposit Is 500 Dollars And This Bonus Is Also Available For Subsequent Deposits Of That Amount. Please Be Sure To Read The Full Terms And Conditions Carefully To Ensure You Are Aware Of Any Restrictions Or Requirements Associated With The Bonus Offer.

Available Trading Platforms

BelleoFX Offers Traders A Wide Selection Of Powerful Trading Platforms To Suit Their Preferences And Trading Needs. First On Offer Is The Critically Acclaimed MetaTrader 5 (MT5) Platform, Available On Multiple Devices Including Android, IOS, Windows And MacOS. This Industry Standard Platform Is Known For Its Advanced Charting Capabilities, Automated Trading Capabilities And A Large Number Of Technical Indicators And Tools.

BelleoFX Has Also Developed Its Own Proprietary Trading Application, BelleoFX Go, Which Is Particularly Suitable For Index Trading. The Platform Is Designed To Provide A Seamless And User-friendly Experience That Meets The Needs Of Traders Who Value Simplicity And Efficiency.

Deposits And Withdrawals

According To The Logo Displayed On The Official Website Of BelleoFX, The Broker Appears To Offer A Variety Of Popular Deposit And Withdrawal Methods. Traditional Options Such As Bank Transfers And Major Credit/debit Cards (Visa, MasterCard, Maestro) Appear To Be Available. In Addition, The Broker Also Supports E-wallets Such As Fasapay, SticPay, Perfect Money, And Payop, As Well As Cryptocurrencies Such As Bitcoin, Ether, And Litecoin For Additional Convenience. However, It Is Recommended To Check Directly With The Broker For The Availability Of These Payment Methods, As The Information Provided By The Website May Not Be Exhaustive. It Is Worth Noting That BelleoFX Claims To Not Charge Deposit Fee Processing Fees, And The Minimum Deposit Requirement For Standard Accounts Is Relatively Low At $50.

Customer Support

Phone Line: + 971 4 541 7900

Email: Support@belleofx.com

Additionally, They Offer An Online Chat Feature For Real-time Communication.

Belle Of X Also Maintains A Social Media Presence, And You Can Connect With Them On Platforms Like Facebook, Instagram, And LinkedIn. While Not Explicitly Mentioned, It's Likely That They Were Previously Active On Twitter And YouTube As Well.

Conclusion

Overall, BelleFX Is An Interesting Option For Traders Who Are Focused On Currency Trading And A User-friendly Platform (MT5). Minimum Deposits As Low As $50 Make It Attractive To Beginners, While Various Account Types Cater To More Experienced Traders.

However, The Lack Of Regulation And Features Such As Copy Trading Are Important Considerations.