Rating Index
Pros
Competitive leverage of up to 1:500, allowing for significant trading potential.
Offers a variety of account types, including commission-free options and an Islamic account for traders of Islamic belief.
Supports the popular MetaTrader 4 platform, providing a user-friendly interface with advanced trading tools.
Cons
High minimum deposit requirement of $500, which may be prohibitive for some traders, especially given its offshore status.
Spreads on trading accounts are relatively high, with average spreads well above 2 pips for major currency pairs, making trading less cost-effective.
The broker operates under a less stringent regulatory framework, which may raise concerns about the safety of funds and investor protection.
BEL broker Accounts
BelFX Account Types
BelFX offers three distinct types of trading accounts to cater to the diverse needs of its clients: Standard, VIP, and Platinum accounts.
- Standard Account:
- Spreads: From 2.3 pips
- Minimum Deposit: €50
- Leverage: 1:1 - 1:500
- Order Execution: Market execution
- Instruments: Currencies, commodities, indices, shares
- Account Currency: EUR
- Swap Type: Points
- Stop Out: 50%
- Margin Call: 70%
- Trading Platform: MetaTrader 4
- Commission: Based on the standard account type
- VIP Account:
- Spreads: From 1.9 pips
- Minimum Deposit: €5,000
- Leverage: 1:1 - 1:500
- Order Execution: Market execution
- Instruments: Currencies, commodities, indices, shares
- Account Currency: EUR
- Swap Type: Points
- Stop Out: 50%
- Margin Call: 70%
- Trading Platform: MetaTrader 4
- Commission: Based on the VIP account type
- Platinum Account:
- Spreads: From 0 pips
- Minimum Deposit: €10,000
- Leverage: 1:1 - 1:500
- Order Execution: Market execution
- Instruments: Currencies, commodities, indices, shares
- Account Currency: EUR
- Swap Type: Points
- Stop Out: 50%
- Margin Call: 70%
- Trading Platform: MetaTrader 4
- Commission: Based on the platinum account type
- Visit the Website: Navigate to the BelFX website.
- Choose Account Type: Select the account type that best suits your trading needs (Standard, VIP, or Platinum).
- Fill Out Application: Complete the online application form with your personal details.
- Submit Documents: Upload the required identification and verification documents.
- Initial Deposit: Fund your account with the minimum deposit required for your chosen account type.
- Account Activation: Once your application and deposit are processed, your account will be activated, allowing you to start trading.
BelFX Broker Account Opening Process
Opening an account with BelFX is straightforward and can be completed in a few steps:
For more detailed information, you can visit the official BelFX website: BelFX Account Types.
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