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

Rating Index
1.53
Regulation
0.00
License
0.00
Software Index
4.00
Risk Control
0.00
Business
7.13

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.