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For more information about BEL Forex Broker company profile, come to WikiBit!

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.