Search

BelleoFX Forex Broker provides real users with 7 positive reviews, 2 neutral reviews and 3 exposure review!

BelleoFX Broker Review

1.52

WikiFX monitor

Business

Influence E

License

No license

BelleoFX Review 12

Latest All(12) Positive(7) Neutral(2) Exposure(3)
Exposure
BelleoFX - Cancelled Profits - Unethical Broker

I traded with BelleoFX for one month. Initially, everything seemed smooth—fast deposits, timely withdrawals, and responsive support. However, after making $42,000 in profits from 21 disciplined trades on XAU, JPY, CHF, and EUR, they accused me of insider trading without evidence, cancelled my profits, blocked my Client Area and MT5 access, and returned only part of my deposit. Their Account Manager falsely claimed they operate as an STP broker, but their actions revealed a B-Book operation unwilling to hedge or honour profitable trades. My identical trades were accepted by other brokers without issue. BelleoFX ignored my emails and hid behind vague compliance excuses, clearly targeting losing clients to maximise their earnings. Their deceitful practices make them highly untrustworthy. Serious traders should avoid BelleoFX, as they cancel profits under false pretences and refuse accountability. Im happy to share correspondence showing their unethical tactics.

FX3363363009
2024-12-29
Positive

BelleoFX shines with its extensive range of market instruments and intuitive trading platforms, empowering traders to navigate the markets with ease and precision.

Audrae
2024-07-26
Neutral
Limited Asset Selection on MT4: No Shares or Commodities Available

Excellent overall. Shame no Shares or Commodities available in the MT4 platform.

FX1678917738
2024-05-17
Exposure
Plz Decler Belleofx As Scam and fraud compny stamp

Subject: Review of Belleofx scammer Broker - my Mt5 Account No.12661 Dear Sir/Madam, I am writing to provide my review of the services provided by Belleofx scammer Broker. My name is Farooq Ali Abbasi, and I opened an account with Belleofx with the MT5 A/C No. . I2661 would like to bring to your attention an incident that has occurred with my account, which has led me to believe that Belleofx is a fraudulent broker. On 22th April, I deposited 504 USD into my account and opened a sell trade of 31 shares of US shares META Facebook. I made a profit of 2251 .96USD, and when I requested to withdraw my profits, so Belleofx scammer company canceled all of my profits and emailed me that I had done fraudulent trading. I fail to understand how trading based on speculation or news can be considered fraudulent. I made a profit, and when I asked for it, they refused to give it to me. If I make money, they refuse to give it to me, but if I lose money in a trade, they do not seem to care or ask. They offered me to return only my initial deposit. I would like to warn all retail traders to be cautious when trading with Belleofx scammer company. It appears that they run standalone servers that are not connected to exchanges. I am warning all readers be ware of this fraudulent broker. I am attentioning CEO of belleofx that your broker is doing scam with me, kindly return my profit, i didn't do any wrong, just do a normal trade in US share provided by your broker. If i loss with same strategy then will company compensate my loss ? I request all retail traders to withdraw their money from Belleofx scammer company sooner rather than later because, even if you make a profit, you will eventually lose your hard-earned money. I would appreciate your help in spreading the news about this incident so that others do not lose their money to this scammer broker. I have attached screenshots, proofs, videos, and screens to this email. I will be meeting with my lawyer this week to take action a

Farooq Ali Abbasi
2024-04-27
Positive
Personalized Account Management: BelleoFX's Key Differentiator in Trading Support

One aspect that sets BelleoFX apart is the personalized account manager support they provide. From the moment I signed up, I was assigned a dedicated account manager who has been instrumental in guiding me through my trading journey. My account manager is responsive, knowledgeable, and goes above and beyond to address my queries and provide valuable insights. Having a dedicated point of contact has made my experience with BelleoFX even more rewarding, and I feel well-supported in achieving my trading goals.

Leon8859
2023-09-22
Positive
Top Broker Experience: Superior Support & Educational Resources

Excellent broker! I have found them the best so far. After trading with 2 brokers earlier, this one stands out with their great customer support and very nice learning materials. I recommend them highly.

Arisha M
2023-09-22
Positive

With belleofx, the trading platform is easy to use and they offer a generous leverage up to 1:500. I have no problems with this broker. In terms of rating, I give it four stars.

roy54824
2023-02-27
Positive

It seems that someone has been scammed in belleofx: he encountered with some deposit issues. Considering its regulation status, it will be unrational to trade here.

随遇而安6812
03-27

  

Belleofx 2025 Review: Everything You Need to Know

  Belleofx has emerged as a noteworthy player in the online trading landscape since its inception in 2020. With a focus on providing a user-friendly trading experience, the broker has attracted a substantial client base and garnered recognition within the industry. However, opinions on its reliability and overall service quality vary significantly, making it essential for potential clients to weigh the pros and cons carefully.

  Note: It is important to highlight that Belleofx operates under different entities in various jurisdictions, which may impact regulatory oversight and client protection. This review aims to provide a balanced view based on multiple sources to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 6
Trading Setup (Experience) 7
Trustworthiness 5
User Experience 6

  We evaluate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded in 2020, Belleofx is a multi-asset brokerage firm headquartered in Dubai, UAE, with regulatory oversight from the Financial Services Authority (FSA) of St. Vincent and the Grenadines and the Financial Services Commission (FSC) of Mauritius. It offers a robust trading platform, MetaTrader 5 (MT5), which is known for its advanced trading tools and user-friendly interface. Traders can access a variety of asset classes, including forex, commodities, indices, and stocks, with over 270 instruments available for trading.

  

Detailed Insights

  

Regulatory Jurisdictions

  Belleofx is regulated by the FSC in Mauritius and the FSA in St. Vincent and the Grenadines. However, the lack of oversight from top-tier regulators raises concerns about investor protection. As noted in a review on BrokerChooser, Belleofx is not regulated by leading authorities like the FCA or ASIC, which could expose clients to higher risks (source).

  

Deposit/Withdrawal Options

  Belleofx offers a range of deposit methods, including bank transfers, credit/debit cards, and e-wallets such as Neteller and Skrill. The minimum deposit requirement is set at $100, making it accessible for new traders. Withdrawals are processed within 24 hours, but bank transfers may take longer, typically 1-3 business days (source).

  

Bonuses/Promotions

  Currently, Belleofx offers a 20% tradable bonus and a 100% credit bonus, which can be attractive for traders looking to maximize their initial capital (source).

  

Asset Classes Available

  Belleofx provides access to a diverse range of trading instruments, including over 55 currency pairs, stocks from major companies like Tesla and Apple, indices such as the S&P 500, and commodities like gold and oil. This variety allows traders to diversify their portfolios effectively (source).

  

Costs (Spreads, Fees, Commissions)

  The broker offers competitive spreads, starting from 0 pips on certain accounts. However, commission fees may apply for specific account types, especially those with zero spreads. Belleofx does not charge deposit or withdrawal fees, although clients may incur charges from their payment providers (source).

  

Leverage

  Leverage options are quite generous at Belleofx, with a maximum of 1:500 available for forex trading. This high leverage can amplify potential gains but also increases the risk of significant losses, a factor that traders should consider carefully (source).

  

Restricted Regions

  Currently, Belleofx does not accept clients from the United States, which is a significant limitation for potential US traders (source).

  

Available Customer Support Languages

  Belleofx provides customer support in multiple languages, making it accessible to a global audience. However, the overall customer service rating is mixed, with some users reporting delays in response times (source).

  

Ratings Recap

Category Rating (out of 10) Detailed Explanation
Account Conditions 7 Multiple account types with reasonable minimum deposits.
Tools and Resources 6 MT5 platform is strong, but educational resources are limited.
Customer Service and Support 6 Mixed reviews on responsiveness and effectiveness.
Trading Setup (Experience) 7 Generally positive user experience, but some complaints exist.
Trustworthiness 5 Concerns about regulation and potential risks.
User Experience 6 User-friendly interface but lacks educational content.

  

Detailed Breakdown

  •   Account Conditions: Belleofx offers four primary account types: Standard, Swap-Free, Zero Spread, and Pro, catering to various trading strategies. The minimum deposit is set at $100, which is relatively low compared to industry standards.

  •   Tools and Resources: The MT5 platform is robust, featuring advanced charting tools and automated trading capabilities. However, the broker lacks comprehensive educational resources, which may hinder novice traders.

  •   Customer Service and Support: Customer service is available 24/5, but user feedback indicates inconsistencies in response times and effectiveness. Some users have reported positive experiences, but others have expressed frustration with delays.

  •   Trading Setup (Experience): The trading experience is generally positive, with users appreciating the execution speed and platform functionality. Nonetheless, there are occasional reports of technical issues.

  •   Trustworthiness: The broker's regulatory status is a significant concern, as it lacks oversight from top-tier regulators. This raises questions about the safety of client funds and overall trustworthiness.

  •   User Experience: Users report a generally intuitive interface, but the lack of educational content and resources may limit the appeal for beginners.

      

  •   

    Conclusion

      In summary, Belleofx presents a mixed picture for potential traders. While it offers a user-friendly platform and a diverse range of trading instruments, concerns regarding its regulatory status and customer service may deter some investors. Experienced traders seeking a high-leverage environment may find it suitable, but those prioritizing safety and support might consider exploring other options. Always conduct thorough research and consider your trading needs before choosing a broker.