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BelleoFX -

Score

1.51 /10
Danger

BelleoFX

Mauritius

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://belleofx.com

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.96

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Belleo Markets (Mauritius)

Company Abbreviation

BelleoFX

Platform registered country and region

Mauritius

Company website

X

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

I made a deposit with usdt. Their customer service and senior management have always said that they have not received it.

After I deposited money with usdt, their customer service kept saying that they wanted me to deposit again because they didn't receive the money. I have checked that my usdt has been sent to their address. I just need to enter the wallet of their address . They said many reasons why I can't withdraw the money, and they asked me to deposit again. The blockchain is public. You only need to enter the address to view the wallet. I also checked that the usdt is in their wallet.

Jonas DIANSHANGXINSHIDAI
2022-01-24 14:44
Unable to Withdraw

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 19:18
BelleoFX · Company summary
BelleoFX Review Summary
Founded2019
Registered Country/RegionMauritius
RegulationNot regulated
Market Instruments1,000+, forex, stocks, indices and commodities
Demo Account✅
LeverageUp to 1:500
SpreadFrom 1.2 pips (Standard account)
Trading PlatformMT5, BelleoFX Go, WebTrader
Min Deposit$10
Customer SupportLive chat
Tel: +230 2 600 342 / +971 4 541 7900
Email: support@belleofx.com
Social media: X, Facebook, Instagram, YouTube, Linkedin
Address: Level 6, Ken Lee Building, 20 Edith Cavell St, Port Louis, Mauritius 3501 office, 35th floor, Burj Al Salam building, Sheikh Zayed Road, Dubai
Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont, Kingstown St. Vincent and the Grenadines

BelleoFX was founded by Belleo Markets in 2019 in Mauritius. It offers various trading assets, including Forex, stocks, indices and commodities with leverage up to 1:500 and spread from 1.2 pips on the Standard account through the MT5, BelleoFX Go, and WebTrader platforms. Demo accounts are available and the minimum deposit requirement to open a live account is just 10 USD. However, it is not regulated currently.

BelleoFX's homepage

Pros and Cons

Pros Cons
Various trading assetsNot regulated
Demo accounts offeredNo social/copy trading
Cent account offered
Multiple account types
Commission-free accounts
Popular trading platform MT5
Low minimum deposit
Multiple payment options
Live chat support

Is BelleoFX Legit?

No, JBelleoFX operates without regulation. Traders should be cautious because BelleoFX is not supervised by any financial authorities.

No license

What Can I Trade on BelleoFX?

BelleoFX offers over 1 000 instruments for trading, including forex, stocks, indices and commodities.

Tradable Instruments Supported
Forex ✔
Stocks ✔
Indices ✔
Commodities ✔
Cryptocurrencies❌
Bonds❌
Options ❌
ETFs❌

Account Type/Fees

BelleoFX offers seven account types: Standard, Swap-Free, Zero spread, PRO, PAMM or 100% Bonus account and Cent account.

Account TypeStandardSwap-FreeZero SpreadPRO100% BonusPAMMCent
MinDeposit$50$1 000$1 000$10,000$500$2 000$10
Spread from1.2 pips1.5 pips0 pips0 pips1.8 pips1 pip0 pips
Commission ❌❌From $15/lot$5/lot❌❌$2.4/lot
Swaps✔❌✔✔✔✔✔
Account comparison 1
Account comparison 2

Leverage

BelleoFX's leverage depends on different assets.

Asset ClassMax Leverage
Currencies1:500
ZARJPY1:100
Metals1:200
Energies1:100
Indices1:50

High leverage will bring high profits but high losses.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔iOS, Android, Windows, Mac and WebExperienced traders
MT4❌/Beginners
MT5

Deposit and Withdrawal

Deposit Options

Deposit Options Min Deposit Fees Processing Time
Bank transfer 500 USD❌1-5 working days
Visa 50 USDInstant
Mastercard
Maestro
Neteller 1%
Skrill
PayopFrom 3.5%
Fasapay ❌
Cryptos
Kora From 3.5%
Sticpay 1%
Jetonbank ❌
Payok

Withdrawal Options

Withdrawal Options Min Withdrawal Fees Processing Time
Bank transfer 100 USD❌1-24 hours
Visa 10 USD
Mastercard
Maestro
Neteller
Skrill
Payop
Fasapay
Cryptos
Kora From 3.5%
Sticpay 3%
Jetonbank ❌
Payok
Deposit
Withdrawal

News

ExposureExposing Belloofx: A Warning to Traders

Belloofx, a purported trading platform, has been accused of scamming its clients. Farooq, a 43-year-old trader from Pakistan, has come forward with a detailed account of how he was defrauded by this unscrupulous broker. This article aims to highlight his experience and warn other traders about the potential dangers of trading with Belloofx.

WikiFX
2024-06-06 17:42
Exposing Belloofx: A Warning to Traders
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User comment

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Comments

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Audrae
more than one year
BelleoFX shines with its extensive range of market instruments and intuitive trading platforms, empowering traders to navigate the markets with ease and precision.
BelleoFX shines with its extensive range of market instruments and intuitive trading platforms, empowering traders to navigate the markets with ease and precision.
Translate to English
2024-07-26 18:26
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FX1678917738
more than one year
Excellent overall. Shame no Shares or Commodities available in the MT4 platform.
Excellent overall. Shame no Shares or Commodities available in the MT4 platform.
Translate to English
2024-05-17 16:56
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