BelleoFX Forex Broker

Belleofx Forex Broker - Complete Information Guide

1. Broker Overview

　　Belleofx, established in 2020, is a rapidly growing online trading brokerage firm headquartered in Dubai, UAE. The company operates under the brand name of Belleo Markets, which has entities registered in both Mauritius and Saint Vincent and the Grenadines. As a private entity, Belleofx has made significant strides in the financial services sector, aiming to enhance trading experiences for clients globally.

　　Since its inception, Belleofx has expanded its reach to over 8,000 clients across more than 40 countries. The firm's mission is to provide exceptional user experiences and client satisfaction, which is evident from its strategic partnerships and recognition within the industry. Notably, Belleofx has been awarded titles such as "Broker of the Year" and "Best Growing Broker" at the Forex Expo Dubai in 2022.

　　Belleofx operates primarily in the retail forex market, offering a diverse range of trading instruments including forex pairs, commodities, indices, and stocks. The brokerage emphasizes a commitment to transparency and efficiency, catering to both novice and experienced traders.

　　As a multi-asset broker, Belleofx provides an extensive selection of financial products and services through its advanced trading platform, ensuring that clients have access to the tools necessary for successful trading.

2. Regulation and Compliance Information

　　Belleofx is regulated by multiple authorities, ensuring a secure trading environment for its clients. The primary regulatory bodies include:

• Financial Services Commission (FSC) of Mauritius
• License Number: GB 21027167
• Financial Services Authority (FSA) of Saint Vincent and the Grenadines
• Registration Number: 26000 BC 2020
• Department of Economic Development (Dubai)
• License Number: 1074850

　　These regulatory licenses allow Belleofx to operate legally within their respective jurisdictions, providing clients with a level of protection and oversight. The firm adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which are essential in maintaining the integrity of its operations and ensuring compliance with international standards.

　　Client funds are kept in segregated accounts, ensuring that they are protected and not used for operational expenses. However, Belleofx does not participate in any investor compensation schemes, which may limit the level of protection available to clients in certain situations.

3. Trading Products and Services

　　Belleofx offers a diverse array of trading products and services that cater to various trading preferences. The following are the key trading instruments available:

• 　　Forex: Belleofx provides access to over 55 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to engage in the highly liquid forex market with competitive spreads.

• 　　CFDs: The brokerage facilitates trading on various Contract for Difference (CFD) products, encompassing:

• 　　Indices: Access to major global indices such as the S&P 500 and NASDAQ.

• 　　Commodities: Trading opportunities in precious metals like gold and silver, as well as energy products such as oil and gas.

• 　　Stocks: CFD trading on popular stocks from major exchanges, allowing clients to speculate on price movements without owning the underlying assets.

• 　　Cryptocurrencies: Belleofx also supports cryptocurrency trading, offering clients exposure to this dynamic market.

　　The firm regularly updates its product offerings, ensuring that clients have access to the latest market instruments and trading opportunities.

4. Trading Platform and Technology

　　Belleofx exclusively utilizes the MetaTrader 5 (MT5) platform, renowned for its advanced trading capabilities and user-friendly interface. The platform features include:

• Multi-Asset Trading: MT5 supports trading across various asset classes, including forex, stocks, and commodities.
• Advanced Charting Tools: Traders can conduct in-depth technical analysis using multiple chart types and timeframes, along with a comprehensive set of indicators.
• Automated Trading: The platform allows for the use of Expert Advisors (EAs), enabling traders to automate their trading strategies effectively.
• Mobile Trading: Belleofx offers a mobile trading application, Belleofx Go, which allows users to trade on the go, ensuring that they can manage their positions anytime and anywhere.

　　The execution model employed by Belleofx is ECN (Electronic Communication Network), which facilitates direct market access and ensures rapid trade execution, with speeds as low as 20 milliseconds.

5. Account Types and Trading Conditions

　　Belleofx provides a variety of account types tailored to meet the needs of different traders:

• 　　Standard Account:

• 　　Minimum Deposit: $100

• 　　Spread: Floating spreads starting from 1.2 pips

• 　　Commission: None

• 　　Leverage: Up to 1:500

• 　　Swap-Free Account:

• 　　Minimum Deposit: $1,000

• 　　Spread: Floating spreads from 1.5 pips

• 　　Commission: None

• 　　Leverage: Up to 1:500

• 　　Zero Spread Account:

• 　　Minimum Deposit: $1,000

• 　　Spread: Fixed spreads starting from 0 pips

• 　　Commission: From $15 per lot

• 　　Leverage: Up to 1:500

• 　　Pro Account:

• 　　Minimum Deposit: $10,000

• 　　Spread: Floating spreads starting from 0.2 pips

• 　　Commission: From $5 per lot

• 　　Leverage: Up to 1:200

　　Additionally, Belleofx offers a demo account for traders to practice their strategies without financial risk. The minimum trade size across all accounts is 0.01 lots, and the firm has a transparent policy regarding overnight fees.

6. Fund Management

　　Belleofx supports a wide range of deposit and withdrawal methods, ensuring convenience for clients. The available funding options include:

• 　　Deposit Methods:

• 　　Bank Transfers

• 　　Credit/Debit Cards (Visa, Mastercard)

• 　　E-Wallets (Skrill, Neteller, Perfect Money)

• 　　Cryptocurrency

• 　　Minimum Deposit Requirements:

• 　　Standard Account: $100

• 　　Swap-Free Account: $1,000

• 　　Zero Spread Account: $1,000

• 　　Pro Account: $10,000

　　Deposits are processed quickly, with most methods providing instant execution. However, bank wire transfers may take longer, typically ranging from 1-3 business days. Belleofx does not charge any deposit fees, but clients should check with their payment providers for potential charges.

　　Withdrawal methods mirror the deposit options, with a minimum withdrawal amount of $10 for most methods, except for bank transfers, which require a minimum of $500. Withdrawal requests are processed within 24 hours, although actual transfer times may vary depending on the method used.

7. Customer Support and Educational Resources

　　Belleofx prioritizes customer support, offering multiple channels for clients to seek assistance:

• Support Channels:
• Email: support@belleofx.com
• Phone: +971 4 541 7900
• Live Chat on the website

　　The customer support team is available 24/5, providing timely responses to inquiries. Belleofx supports a variety of languages, including Arabic, English, Chinese, and many more, ensuring accessibility for a diverse client base.

　　While Belleofx offers a comprehensive FAQ section, there is a noted lack of extensive educational resources such as tutorials or webinars. However, the availability of a demo account allows new traders to practice their skills in a risk-free environment.

8. Regional Coverage and Restrictions

　　Belleofx operates globally, serving clients from over 240 countries. The company maintains offices in Dubai, Mauritius, and Saint Vincent and the Grenadines, enhancing its operational reach and credibility.

　　However, Belleofx does not accept clients from the United States and certain other jurisdictions, which may limit access for some potential traders. The firm adheres to various regional regulations, ensuring compliance with local laws and requirements.

　　In summary, Belleofx stands out as a reputable forex broker, offering a range of trading products, competitive trading conditions, and a robust trading platform. With its commitment to client satisfaction and regulatory compliance, Belleofx is well-positioned to serve the needs of both novice and experienced traders alike.