BelleoFX ReviewCategory: Reviews | Author: Trading Brokers | Date: November 17, 2022
BelleoFX is an online trading broker that serves clients across the globe. When you open an account with them, you can get convenient access to trade the markets from all of your devices. You can trade CFDs on all of your favourite instruments including forex, stocks, indices and commodities.
I found the broker to have very good trading conditions including tight spreads and quick execution with no hidden fees. You can start trading with a minimum deposit from just $100. There are also free demo trading accounts if you want to practice your trading strategies and get a feel for what the broker has to offer before making a commitment.
Pros & Cons
- Over 250 trading instruments to choose from
- Industry leading MT5 trading platform
- Tight spreads and no hidden fees
- Great selection of account types for all trading styles
- Good variety of account funding options
- Swap-free accounts are available
- Excellent customer support
- Dedicated relationship manager
- MetaTrader 5 platform only
- Could add some more educational content
Founded in 2020, BelleoFX has continued to grow from strength to strength, expanding its client base of both new and experienced traders alike. They have flexible account types for all types of trader, whether you are scalping, day trading, swing trading or ruining automated systems. The broker welcomes clients from all backgrounds without imposing any restrictions on your trading strategies.
You will find a great selection of financial instruments to choose from across multiple asset classes, on the intuitive MetaTrader 5 (MT5) platform for web, desktop and mobile. The broker is regulated and has an excellent customer support team who are on hand to assist you as and when needed.
When it comes to choosing a broker, regulation is one of the first things that I would look for. That being said, BelleoFX is licensed and regulated. The broker must work within a clear framework of the law and provide the protection of the regulator to their clients.
BelleoFX is a brand name of Belleo Markets (Mauritius), BelleoFX (St. Vincent and The Grenadines) and Belleo Markets – Rep. Office (UAE).
Belleo Markets (MU) incorporated in the Republic of Mauritius and is regulated by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer (Broker).
BelleoFX (SVG) is registered by Financial Services Authority (FSA) of St. Vincent & The Grenadines as an International Business Company.
Belleo Markets – Rep. Office (UAE) is a branch of foreign company (Belleo Markets Mauritius), registered and regulated by DET.
BelleoFX takes the safety of client funds very seriously. For this reason, all client funds are fully segregated from the company’s own funds and kept in separate bank accounts. This ensures that client funds cannot be used for any other purpose.
You can trade online with BelleoFX via the industry standard MetaTrader 5 (MT5) platform which is used by millions of CFD and forex traders from all over the world. It comes fully loaded with all of the features and functionality that you need to conduct in-depth market analysis on your chosen chart types and timeframes. You can build your own customised trading templates to carefully analyse the markets for buy and sell opportunities on all of your favourite instruments. The platform makes placing and managing position a breeze. It can be used for both manual and automated trading strategies. I think it is one of the best trading platforms for anyone who is looking for hassle free access to trade the markets. Whether you are a beginner or seasoned pro, MT5 can do it all.
Some of the main features of the BelleoFX MT5 platform include the following:
- Fully customizable user-friendly interface
- Full set of trade orders, including pending, limit and stop-orders
- Netting and hedging position accounting systems
- 3 chart types and 21 timeframes (periods)
- Advanced Market Depth and One Click Trading
- Over 30 indicators and 24 graphical objects for technical analysis
- Real-time quotes in Market Watch Window
- Supports automated trading systems via expert advisors (EA’s)
- Set alert notifications to keep track of market prices
- Built-in economic calendar with all the latest economic news at your fingertips
- Available on web, desktop and mobile
You will find that the MT5 platform is stacked with more trading tools than most traders will ever need. There is everything from moving averages, RSI, CCI, Stochastic Oscillator, Bollinger Bands to the MACD histogram and much more. You can choose all of your favourite technical indicators and load them onto your charts for comprehensive market analysis. This can help to ensure that you can make informed trade decisions at all times.
If that wasn’t enough, you can further extend the possibilities of the BelleoFX platform with thousands of add-ons available from within the MT5 marketplace. There you will find a huge range of handy trading tools which can further enhance the platforms already substantial capabilities.
If you have an idea for a trading tool that you would like to develop, you could programme it via the MQL5 editor that is included within the platform. Otherwise, you could hire a developer to do it for you. Regardless, whatever your trading strategy idea is, chances are that you can bring it to reality in the powerful MT5 platform.
There is an FAQ section on the BelleoFX website, but I do think it would be great if they could add some trading guides and tutorial videos. This may help the absolute beginner get started, although they do offer a free demo account which I think is a great way to learn how to trade online without any risk. You can also find plenty of MT5 tutorial in the platform and online from various trading websites.
BelleoFX provide you with a generous range of over 270 trading instruments across some of the most popular asset classes, including stocks, indices, forex and commodities. Whatever your interests, there is something for everyone to trade, with very competitive trading conditions.
BelleoFX provide Contract for Differences (CFD) trading which enables you to buy and sell financial instruments without needing to physically own the underlying asset. You simply speculate on whether you think the price will rise or fall. The difference in price from when you open and close the CFD trade, will be your profit or loss after aby brokerage fees.
At BelleoFX, they provide trading accounts for beginner and experience traders. They have accounts for all types of trading strategies. For the best prices and professional setup, you may wish to choose the Pro Trading account. If you would like to just get started, you could simply choose a Standard account. It is great to see that the broker is also providing swap free accounts and zero spread trading account types. This is especially beneficial for those of you who may be running scalping systems that require the lowest spreads possible at all times.
BelleoFX believe in client’s having 100% satisfaction and providing them with all possible service they might need. You can start lines of communicating with them from online chat and finish with your very own personal relationship manager. I have found them a pleasure to deal with and have always received good support.
BelleoFX do accept a range of flexible account funding options including Bank Wires, credit/debit cards and E-Wallet payments. You can deposit in multiple international currencies, then your MT5 trading account will be topped up in USD currency as the main trading currency.
BelleoFX does not charge any additional fees for deposits. You should however be aware that you may incur fees on the payment provider side, which may vary depending on the payment method. BelleoFX accepts no responsibility for any such deposit or withdrawal fees.
The BelleoFX minimum deposit requirement is $100, whereas the minimum withdrawal is $10 for all payment methods except Bank Wire which is $500.
Overall, I am really impressed with many aspects of BelleoFX. They have a good selection of CFD trading instruments and provide you with the sophisticated MT5 platform for trading online across all of your devices. You can trade with tight spreads and low fees. The trading accounts on offer are very versatile and suitable for all types of trading strategy. The broker has a nice variety of convenient deposit and withdrawal methods. Customer support is also very prompt and polite in their responses. I would like to see them add some educational content but there are free demo accounts if you are a beginner and just getting started.