Belfrics Review SummaryFounded2015Registered Country/RegionMalaysiaRegulationLabuan Financial Services Authority (LFSA), Malaysia, License Type: Straight Through Processing (STP)Market InstrumentsCryptocurrencies (25 different coins available)Demo Account❌LeverageNot mentionedSpreadNot mentionedTrading PlatformBelfrics App (iOS, Android)Min DepositNot mentionedCustomer SupportPhone: +60-8744-3733Email: info@belfrics.com, support@belfrics.comBelfrics Information Based in Malaysia and governed under Labuan Financial Services Authority (LFSA), Belfrics is a bitcoin exchange. Accessible via a mobile app for both iOS and Android users, it provides crypto trading using a choice of 25 cryptocurrencies.Pros and ConsPros Cons Regulated by LFSA in MalaysiaNo demo account availableSupports mobile trading on multiple devicesLimited to cryptocurrency tradingClear fee structure for deposits and withdrawalsIs Belfrics Legit? Yes, Belfrics is regulated. The Labuan Financial Services Authority (Labuan FSA) in Malaysia regulates it. Belfrics International Limited has a Labuan FSA Straight Through Processing (STP) licence to provide transparent, regulated financial services. However, the licence number is “Unreleased.”What Can I Trade on Belfrics? Belfrics focuses in trading cryptocurrencies. It gives consumers access to trade 25 cryptocurrencies and lets them purchase and sell cryptocurrencies immediately using USD.Tradable Instruments Supported Forex❌Commodities❌Crypto✔CFD❌Indexes❌Stock❌ETF❌Belfrics Fees Belfrics' crypto-to-crypto taker fee of 1.00% is higher than industry average. Standard withdrawal fees for major cryptocurrencies differ by token on the platform. Spread & Transaction Fees Crypto-to-Crypto Trading Fees: Maker Fee: 0.50% Taker Fee: 1.00% Crypto-to-Fiat Trading Fees: Not mentioned, indicating it might not be available or applicable currently on Belfrics.Non-Trading FeesNon-trading Fees Deposit Fee (Fiat)Free (bank charges may apply)Deposit Fee (Crypto)FreeWithdrawal Fee (Fiat)Free (bank TT charges apply)Withdrawal Fee (Crypto)Varies by cryptocurrency, as detailed belowInactivity FeeNot mentionedTrading PlatformTrading PlatformSupported Available Devices Suitable forBelfrics App✔iOS (App Store), Android (Play Store)Traders focused on mobile cryptocurrency tradingDeposit and Withdrawal For deposits—in cash or bitcoin—Belfrics does not levy fees. For fiat deposits, consumers could be charged banks fees, nevertheless. Deposit OptionsDeposit Options Min. DepositFees Processing Time Fiat CurrencyNot mentionedNone (bank charges may apply)Monday to Friday, twice daily (11:00 AM and 3:00 PM)CryptocurrencyNot mentionedNoneUpon blockchain confirmation Withdrawal Options Withdrawal Options Min. Withdrawal Fees Processing Time Fiat CurrencyNot mentionedNone (bank TT charges apply)Monday to Friday, once daily at 11:30 AMCryptocurrencyVaries by tokenVaries by token (e.g., 0.0008 BTC for BTC)Four times daily (1 AM, 11 AM, 4 PM, and 8 PM GMT) upon blockchain confirmation