According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader5
- DET
- SVG FSA
- FSC
Our Evaluation of BelleoFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BelleoFX is a moderate-risk broker with the TU Overall Score of 5.94 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BelleoFX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
BelleoFX is well-suited for Forex trading in the over-the-counter (OTC) market, offering traders the flexibility to use their own capital or leverage. Additionally, it caters to those interested in copy trading or PAMM account investments.
Brief Look at BelleoFX
BelleoFX, launched in 2020, is an online trading platform specializing in over-the-counter (OTC) markets. It offers a diverse range of assets, including currencies, cryptocurrencies, and CFDs on stocks, indices, and commodities. Traders can also choose from various payment systems, and the platform’s leverage options enhance investment capabilities. BelleoFX caters to a wide audience with its selection of account types, designed for novice, experienced, and Muslim traders.
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- Accounts suitable for any trading strategy and professional level.
- Swap-free account for Muslim traders.
- Demo account for testing the broker’s trading conditions or training.
- High leverage of up to 1:500 for currency pairs.
- No brokerage fees for depositing or withdrawing funds.
- 24-hour online support and phone communication during the broker’s working hours.
- Access to investing in PAMM accounts.
- MetaTrader 4 is not available.
- No cent accounts for trading with small investments and minimal risks.
- The broker’s trading fees are rather high.
TU Expert Advice
Financial expert and analyst at Traders Union
BelleoFX has been operating on the Forex market for a little over 3 years under regulatory licenses, which comply with the financial sector rules. The broker offers trading over 270 instruments on various account types with flexible leverage. Among available payment methods are traditional bank transfers and bank cards, as well as more advanced electronic payment systems and cryptocurrencies.
The broker provides high order execution speed with an average of 0.2 s, which allows its clients to trade with the best prices without requotes and with minimal slippages. Also, traders can use copy trading and expert advisors (EAs) effectively. BelleoFX has its own PAMM account system that helps novice traders and experienced market participants make good income.
BelleoFX offers professional technical support, partnership programs with high rewards, and trading bonuses. While it doesn’t provide training or investment consulting services, its potential clients can learn how to trade on a demo account with a virtual deposit.
BelleoFX Trading Conditions
Your capital is at risk. You must recognize that these risks entail a chance of losing money while trading. This disclosure is informational and must not be considered a list of all possible risks.
| 💻 Trading platform: | MetaTrader 5 |
|---|---|
| 📊 Accounts: | Demo, Standard, Swap-Free, Zero Spread, PRO, 100% Bonus, and PAMM |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers, Visa, Mastercard, Maestro, Neteller, Skrill, FasaPay, Perfect Money, PayOp, and crypto payments |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,10 pips |
| 🔧 Instruments: | Currencies, metals, stocks, energies, indices, commodities, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 50%/30% |
| 🏛 Liquidity provider: | Tier 1 banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Use of EAs are allowed on all account types |
| 🎁 Contests and bonuses: | 100% Credit Bonus |
BelleoFX has a wide choice of account types for novice, experienced, and active traders, managers, and passive investors. Also, there is an Islamic swap-free account for Muslim traders. The minimum deposit ranges from $50 to $10,000 subject to the account type. However, available payment systems don’t allow traders to deposit less than $100. Leverage is up to 1:25-1:500. Spreads are floating and fees per lot are charged only on Zero Spread and PRO accounts.
BelleoFX Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Syed Hamza 
PK Karachi Variety of account options, excellent customer support, fast payout processing.
Limited to the MT5 platform only.
shuja
PK User-Friendly App
Regional Restrictions:
Haseeb
PK The platform and app are designed for ease of use
The platform may not be available in all regions
Muhammad Zubair
PK User-Friendly Interface
Few Advanced Tutorials
Saibal Polison
PK Karachi Quick Trades Great Support
More advanced tools needed
Saad Anis
PK Karachi User-Friendly Mobile App
Limited Educational Resources
Habib Raafe 
Verified
PK Lahore Diverse account options, Quality support, Quick payouts
Offers only MT5 platform
Trading Account Opening
To create a user account on the BelleoFX website, follow the instructions below compiled by Traders Union experts.
To start registration, click any of the “Register”, “Start Trading Now”, or “Join Now” buttons.
Fill in the registration form with your first and last names, email, telephone, and country of residence. Also, make a password and enter it twice.
In their user accounts, traders can:
Additional features of BelleoFX’s user account that allow traders to:
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Open live and demo accounts.
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Make internal transfers.
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Submit withdrawal requests.
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View the economic calendar.
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Work in the IBs’ user account.
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Change the interface language and password, and add/edit personal data or bank details.
Regulation and safety
BelleoFX has a safety score of 3.9/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
BelleoFX Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
 SVG FSA |
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
BelleoFX Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker BelleoFX have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of BelleoFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, BelleoFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
BelleoFX Standard spreads
| BelleoFX | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,9 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,4 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
BelleoFX RAW/ECN spreads
| BelleoFX | Pepperstone | OANDA | |
| Commission ($ per lot) | 7,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,20 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with BelleoFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
BelleoFX Non-Trading Fees
| BelleoFX | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
BelleoFX provides for active trading under different conditions and generating passive income using the PAMM service. There are account types designed for novice traders and professionals. However, cent accounts are not available. All account types have identical leverage, minimum order, and Stop Out and Margin Call levels.
Account types:
The broker offers a demo account with leverage ranging from 1:1 to 1:500 and a choice of virtual deposits of $100, $1,000, $5,000, and $10,000.
BelleoFX clients benefit from account types with different conditions, a wide choice of trading instruments, a demo account, and qualified technical support.
Deposit and withdrawal
BelleoFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
BelleoFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- USDT (Tether) supported
- BTC available as a base account currency
- Bank card deposits and withdrawals
- No deposit fee
- Limited deposit and withdrawal flexibility, leading to higher costs
- PayPal not supported
- Wise not supported
What are BelleoFX deposit and withdrawal options?
BelleoFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
BelleoFX Deposit and Withdrawal Methods vs Competitors
| BelleoFX | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are BelleoFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. BelleoFX supports the following base account currencies:
What are BelleoFX's minimum deposit and withdrawal amounts?
The minimum deposit on BelleoFX is $50, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact BelleoFX’s support team.
Markets and tradable assets
BelleoFX provides a standard range of trading assets in line with the market average. The platform includes 1000 assets in total and 55 Forex currency pairs.
- 55 supported currency pairs
- 1000 assets for trading
- Indices trading
- Bonds not available
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by BelleoFX with its competitors, making it easier for you to find the perfect fit.
| BelleoFX | Plus500 | Pepperstone | |
| Currency pairs | 55 | 60 | 90 |
| Total tradable assets | 1000 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products BelleoFX offers for beginner traders and investors who prefer not to engage in active trading.
| BelleoFX | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Customer support
The broker’s working hours are 10:00-19:00 (GMT+4) Monday through Friday. Traders can contact a company representative by phone or visit the physical office during these hours. Live chat is available 24/5.
Advantages
- Live chat is available 24/5
- Telephone communication is possible
Disadvantages
- Live chat works with breaks
- Responses via email take time
To contact the broker’s representatives, use the following communication channels:
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Live chat;
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Email;
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Telephone;
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Ticket system in the user account;
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Facebook, Instagram, X(Twitter), and LinkedIn.
BelleoFX’s offices are located in Dubai (the UAE), Port Louis (Mauritius), and Kingstown (St. Vincent and the Grenadines).
Contacts
| Registration address | Belleo Markets, Office 3501, Burj Al Salam, Trade Center First, Sheikh Zayed Road, Dubai, UAE |
|---|---|
| Regulation | DET, SVG FSA, FSC |
| Official site | https://belleofx.com/ |
| Contacts |
+971 4 541 7900
|
Education
BelleoFX doesn’t provide trading education in any of the known formats.
While trading theory needs to be sourced from other websites, it can be put into practice on the BelleoFX demo account. This free account is offered to all clients who complete the relevant form to request a demo account.
Comparison of BelleoFX with other Brokers
| BelleoFX | Eightcap | XM Group | RoboForex | TeleTrade | Bybit | |
| Trading platform |
MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | MetaTrader5 |
| Min deposit | $100 | $100 | $5 | $10 | $10 | No |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | 1.00% | No |
| Spread | From 1.2 point | From 0 points | From 0.8 points | From 0 points | From 0.2 points | From 0 points |
| Level of margin call / stop out |
50% / 30% | 80% / 50% | 100% / 50% | 60% / 40% | 70% / 20% | No / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | No |
Detailed Review of BelleoFX
BelleoFX is a regulated brokerage launched in 2020 with representative offices in three countries, enabling it to legally offer services to traders globally. The platform boasts flexible account types, ultra-fast execution, and a diverse selection of trading instruments, catering to both active traders and passive investors.
BelleoFX by the numbers:
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8,000+ clients work with the broker.
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The broker covers more than 42 countries.
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The average execution speed is 20 ms.
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270+ trading instruments from 5 asset classes are available.
BelleoFX is a broker for trading currencies and CFDs with high leverage
BelleoFX offers trading over 55 currency pairs with floating spreads and no requotes. These include major, minor, and exotic pairs. Also, traders can buy and sell CFDs on commodities, stocks, and indices. The broker provides leverage of up to 1:200 for metals; 1:100 for energies; 1:50 for indices; and 1:25 for cryptocurrencies. The highest leverage of 1:500 is available for all currencies except ZAR/JPY, which has the maximum leverage of 1:100.
The broker offers MetaTrader 5 for Windows, iOS, and MacOS. Also, WebTrader MT5 is available. These platforms support an advanced order book, one-click trading, 30 indicators, 24 graphical objects, 9-time frames, and algorithmic trading using EAs.
Useful services offered by BelleoFX:
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Economic Calendar. All traders registered with the broker can view important events in financial and economic sectors.
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Demo account. This account type is funded with virtual dollars, which allows the broker’s clients to trade without risking their own money.
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Personal manager. A dedicated manager is assigned to each account. Contact details are provided in your user account.
Advantages:
EAs are allowed on all account types, including PAMM.
A 100% Credit Bonus allows traders to double their deposits.
Funds transferred from bank cards, e-wallets, and crypto wallets are credited to the account within several minutes.
Fee-free methods of depositing and withdrawing funds are available.
The broker offers 55 currency pairs with floating spreads from 0-1.8 pips and leverage up to 1:500.
All account types provide access to all available financial instruments and allow participation in algorithmic trading programs.
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