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BelleoFX Brokers Review 2023

Written by: Ádám Nasli. Updated:Dec 2022
Expert verified
Recommended for
  • equity trading4.9/5
  • forex trading 4.7/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
48,357 people chose this broker in the last 6 months
BrokerChooser Score
4.7/5

BelleoFX Broker review summary

BelleoFX is highly recommended for those seeking all-round great services at low fees. It has an unrivaled selection of all asset types from exchanges across the globe. Its trading platforms offer great functionality and advanced research. However, the size and complexity of BelleoFX services is also behind its drawbacks. Account opening is long and tedious, platforms may be too complex for novice traders, and customer service can be busy. For a more streamlined experience, check out the BelleoFX app to trade stocks, options and crypto for similar fees. In all, BelleoFX is the highest-rated broker at BrookerChooser.

BelleoFX Your Trusted Trading Partner

See how BelleoFX Broker is regulated and whether you should have any concerns using it.

BelleoFX Broker is available in Pakistan

71% of retail CFD accounts lose money

BelleoFX Broker pros and cons

Pros

Cons

BelleoFX Broker main highlights

🗺️ Country of regulation

Financial Services Commission (FSC) of Mauritius, Financial Service Authority (FSA) of St. Vincent & The Grenadines

💰 Trading fees class

Free courses available

💰 Inactivity fee charged

No

💰 Withdrawal fee amount

As per PSP

💰 Minimum deposit

$100

🕖 Time to open an account

Instant

💳 Deposit with bank card

Available

👛 Depositing with electronic wallet

Available

💱 Number of base currencies supported

40+

🎮 Demo account provided

Yes

🛍️ Products offered

Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Products

Fees

4.5
BelleoFX Broker has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.

Account opening

5.0
BelleoFX Broker account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated and account verification takes relatively long.

Deposit and withdrawal

4.8
BelleoFX Broker offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.

Web trading platform

4.7
The BelleoFX Broker web platform is simple and easy to use, even for beginners, however there are some minor but annoying glitches.

Mobile trading platform

4.7
The BelleoFX Broker mobile trading platform boasts a lot of functions and a useful chatbot, but its user interface could be better.

Desktop trading platform

4.6
BelleoFX Broker desktop platform, TWS comes with great customizability and advanced order execution, but it’s not user-friendly and caters more to advanced traders.

Markets and products

5.0
At BelleoFX Broker, you have access to an extremely wide range of markets and all product types are available.

Research

4.5
BelleoFX Broker has almost limitless research possibilities, but the user interface is not the most user-friendly.

Customer service

4.9
BelleoFX Broker customer service could be better. You can contact them via phone, email, live chat and an automated ‘iBot’, and receive mostly relevant answers. However, waiting times can be long, especially on the phone.

Education

4.5
BelleoFX Broker offers a wide range of quality educational materials and tools, including videos, courses, webinars, a glossary, and a demo account.

Safety

4.4
BelleoFX Broker is regulated by several financial authorities, including top-tier ones like Financial Services Commission (FSC) of Mauritius, Financial Service Authority (FSA) of St. Vincent & The Grenadines. Its parent company is listed on the NASDAQ exchange.