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BelleoFX Dubai: Review and Expert Rating for Forex Trading

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BelleoFX, a contemporary forex broker, has garnered attention in the financial trading community. Registered offshore in Saint Vincent and the Grenadines and regulated by the Financial Services Commission (FSC) in Mauritius, BelleoFX makes its mark with a headquarter in Dubai, United Arab Emirates (UAE). This review aims to provide a detailed analysis of BelleoFX, highlighting its services, trading instruments, platform features, account types, and overall reliability.

BelleoFX Review and Ratings Summary

Overall: BelleoFX is a relatively new forex broker established in 2020. While it has some positive aspects, such as offering MetaTrader 5 and multiple account types.Here are the some positive aspects about BelleoFX

Pros:

  • MetaTrader 5 platform: A popular and well-regarded platform among forex traders.

  • Multiple account types: Cater to different trading styles and needs.

  • Low minimum deposit: Makes it accessible to new traders.

  • Wide range of instruments: Offers trading in various currencies, indices, metals, and more.

BelleoFX Dubai Overview

BelleoFX Dubai is part of a group that includes two related companies: BelleoFX SVG and BelleoFX MU. While the former is located in Saint Vincent and the Grenadines without any specific government regulation, the latter is regulated by the FSC in Mauritius, enhancing its credibility. The broker has been operational since 2020 and is rapidly expanding its reach.

Distinctive Features

BelleoFX stands out for its operations in two offshore jurisdictions, offering an extensive range of stocks for trading. The acceptance of cryptocurrency funding is a notable feature, aligning with the current trend of digital currency transactions.

Trading Instruments

BelleoFX’s diverse offering includes:

  • Over 55 currency pairs, encompassing major and minor global currencies.

  • 10 Index CFDs based on various blue-chip stock collections.

  • 2 Metal CFDs focused on Gold and Silver.

  • 3 Energy CFDs centered on Crude Oil (WTI, Brent) and Natural Gas.

  • 4 Soft CFDs based on commodities like Coffee, Cocoa, Sugar, and Cotton.

  • More than 500 Stock CFDs from US, UK, EU, and Indian companies.

This extensive range provides traders with ample opportunities to diversify their portfolios.

Trading Platform

BelleoFX utilizes MetaTrader 5 (MT5), a popular choice among forex traders. MT5 offers a mix of downloadable and web-based versions, equipped with a rich selection of trading indicators, advanced technical analysis tools, and programming capabilities for custom strategies.

Account Types

BelleoFX offers four types of trading accounts:

  • Standard Account: $50 minimum deposit, 1.2 pips spreads, no commission.

  • Swap-Free (Islamic) Account: $1,000 minimum deposit, 1.5 pips spreads, no commission.

  • Zero Spread Account: $1,000 minimum deposit, 0 pips spreads, $15 per lot commission.

  • Pro Account: $10,000 minimum deposit, 0 pips spreads, $5 per lot commission.

All accounts come with a maximum leverage of 1:500, aligning with industry standards for offshore brokers.

Funding and Withdrawals

BelleoFX supports various funding methods, including bank transfers, credit/debit cards, e-wallets like Skrill, Neteller, Payop, FasaPay, and PerfectMoney, and cryptocurrencies (BTC, ETH, USDT). Most methods are free of charge for both deposits and withdrawals.

Customer Support

Clients can contact BelleoFX’s support team via a Dubai phone number, live chat, or email. The team is available from 10 am to 7 pm UTC+4.

Conclusion

BelleoFX emerges as a compelling choice for traders interested in stock CFDs and forex, especially with its use of the MT5 platform. Its physical presence in Dubai could make it an attractive option for traders in the UAE and the Middle Eastern region. With its diverse range of trading instruments, account options, and commitment to user satisfaction, BelleoFX is poised to become a notable player in the forex brokerage industry.

 

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