Thinking of getting into business with Belleofx? Here is what you must know about this broker. Carefully read this review to find out if belleofx.com is the trading platform you will want to trade with.

About Belleofx Broker

Belleofx is an offshore brokerage company with a lot of promises for traders. The broker operates in St. Vincent & the Grenadines.

Address

There are different account types the broker offers. See below.

Account Types

In spite the trading instruments Belleofx claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

Here is a warning by St. Vincent and the Grenadines Financial Services Authority (FSA).  

FSA Warning

belleofx.com: Reasons to Avoid This Broker

Firstly, belleofx.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because local financial authority, SVGFSA does not monitors or give license to forex brokers.

Secondly, we noticed belleofx.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

Under the withdrawal policy, Belleofx takes 1 business day for any withdrawal process. The broker claims zero fee on withdrawal request of traders.

Minimum Deposit

Belleofx specifies its minimum deposit as $500 according to the type.

As for the payment methods, the broker accepts Credit cards, Bank Transfer, Perfect Money, and other online payments. But, you should not consider making any payment with this broker because it is a risk. So beware!

Belleofx Platform

Belleofxt offers MT5 (Industry standard trading platform), however, that doesn’t make the broker legit because any scam broker can do the same to lure forex traders.

As for the leverage, it can get up to 1:400. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Belleofx Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

Instead, Trade with TOP RATED BROKERS



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Free Trial

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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Minimum Trade Deposit $100

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Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Conclusion: Is belleofx.com a Reliable Broker?

No, belleofx.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

By Dan

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