- BelleoFX has four different account types from which to choose.
- Execution speeds are as low as 20 milliseconds.
- Traders can trade on MetaTrader 5.
- BelleoFX has a TrustPilot rating of 3.7 out of 5.
- There are two promotions available currently.
- No US traders are permitted.
Established in 2020
Location: Office 3501, Burj Al Salam, Trade Center First, Sheikh Zayed Road, Dubai, United Arab Emirates
Operated by Belleo Markets
Regulated by Financial Services Commission (FSC) and the Financial Services Authority (FSA) of SVG
Execution type: Non-Advisory/Executionary Broker
Trading instruments: Forex, Stocks, Indices, Commodities
Trading Conditions and Features
Scalping : allowed
Hedging: allowed
Maximum leverage: 1:500 for currencies, (1:100 for ZARJPY), 1:200 for metals, 1:100 for energies, 1:50 for indices
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.
Free demo account: yes
- Execution Speed. As indicated on its website, BelleoFX provides an execution speed as low as 20 milliseconds, ensuring you won’t miss a trade due to lag time.
- Easy Sign-Up Process. BelleoFX prides itself on having an easy sign-up process. First, you fill out a simple registration form, and then you upload ID documents for verification. Once your account is approved, you can fund it and begin trading. The process is as easy as it can be, all while still complying with the law.
Languages: Arabic, Bulgarian, Chinese (simplified, PRC), Chinese (traditional, Taiwan), Croatian, Czech, Danish, Dutch, English, Estonian, Farsi/Persian, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Mongolian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Tajik, Thai, Turkish, Ukrainian, Uzbek, and Vietnamese.
Belleofx Account Types
| Standard | Swap-Free | |
| Features | Trade on MT5, Floating Spreads, 30% Stop Out Level, 50% Margin Call, Expert Advisors | Trade on MT5, Floating Spreads, 30% Stop Out Level, 50% Margin Call, Expert Advisors, Swap-Free |
| Account Currencies | USD | USD |
| Available Leverage | 1:500 for currencies, (1:100 for ZARJPY), 1:200 for metals, 1:100 for energies,1:50 for indices | 1:500 for currencies, (1:100 for ZARJPY), 1:200 for metals, 1:100 for energies,1:50 for indices |
| Minimum Deposit | $100 | $1,000 |
| Commission Per Trade | N/A | N/A |
| Decimal Pricing | Up to 5 | Up to 5 |
| Trading Instruments | Currencies, Metals, Energies, Indices, Commodities | Currencies, Metals, Energies, Indices, Commodities, Stocks |
| Min. Lot Size Per Trade | 0.01 | 0.01 |
| Spreads | Floating, 1.2 Pips | Floating, 1.5 Pips |
| Demo Account | Yes | Yes |
| Swap/Rollover Free | No | Yes |
| Copy Trading Support | Yes | Yes |
Trading Platforms
MetaTrader 5 (Web, Mobile, Download) This will be further discussed in the “Reliability” section, but BelleoFX does what many brokers do not: it offers MetaTrader 5. MT5 is the enhanced version of MT4, and it has a lot of tools, high-tech features, and indicators to ensure a smooth, glitch-free trading experience.
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.
Payment Methods
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).
Minimum deposit $100
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.
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.
Questions Answers about BelleoFX Broker
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.
