Forex broker review

BelleoFX Review 2026

belleofx.com

Overview and safety

45/100

What is BelleoFX (Belleofx.com)?

BelleoFX is an online forex and CFD broker founded in 2020. The current website presents Belleo Markets (MU), Mauritius company number 186405 GBC, as the principal regulated trading entity and states Financial Services Commission Mauritius Investment Dealer licence GB21027167. The same site also identifies a Saint Vincent and the Grenadines company and a UAE representative office, but those relationships are corporate/representative registrations rather than additional retail-forex execution licences

The Mauritius client agreement names Belleo Markets as the contracting company and repeats FSC licence GB21027167. The FSC Online Public Register entry point was checked on 12 September 2026, but the exact Belleo Markets / GB21027167 row could not be independently extracted through the available dynamic interface; the licence relationship is therefore recorded with that verification caveat. BelleoFX's own pages conflict on the Saint Vincent registration number, showing both 26000 BC 2020 and 2584 LLC 2022. SVG FSA expressly states that forex brokerage activities are not licensed in Saint Vincent and the Grenadines, so the SVG company registration receives no forex-regulation credit. The UAE DET representative-office registration is also not treated as an investment licence.

What are the Pros of BelleoFX?

The main strengths are seven current MT5 account configurations, a low entry point on the Cent and Standard accounts, detailed public account pricing, a current funding/withdrawal table, negative-balance wording in the risk disclosure, PAMM support, Expert Advisor support and a dedicated BelleoFX Go mobile app.

For active comparison purposes, the most important concrete advantages are the current account table publishes Standard from 1.2 pips with no commission and a $50 minimum; Cent from 0 pips with $2.40 per lot and a $10 minimum; Zero Spread from 0 pips with commission from $15 per lot and a $1,000 minimum; Pro from 0 pips with $5 per lot and a $10,000 minimum; and PAMM from 1 pip with $5 per lot and a $2,000 minimum. The Swap-Free account starts from 1.5 pips with no swap and a $1,000 minimum and MetaTrader 5 is the core platform across the current account table, alongside WebTrader and the BelleoFX Go mobile app. BelleoFX explicitly permits Expert Advisors subject to its trading-policy restrictions and publishes a PAMM account offering. No current first-party copy-trading marketplace or MAM service was independently verified in this review.

What are the Cons of BelleoFX?

The main drawbacks are the strongest regulatory claim is a Mauritius offshore licence that could not be independently reproduced as an exact row from the FSC's dynamic register in this research path; the website contains inconsistent Saint Vincent registration numbers; no statutory investor-compensation scheme was verified; and the marketing site contains inconsistent minimum-deposit wording, with the current account table showing $50 for Standard while an FAQ page still says $100.

A prospective client should also account for jurisdiction differences: BelleoFX's Mauritius licence claim must not be treated as permission in every country. The Saint Vincent company registration is not a forex licence, the UAE DET representative office is not an investment-services licence, and the Cyprus payment agent disclosed on some pages is a payment facilitator rather than the trading counterparty. No Belgian/EEA investment-firm route was verified, so Belgium remains fail-closed for the reviewed leveraged OTC products

What are the BelleoFX Current Promos?

BelleoFX currently publishes a 100% Credit Bonus for the Bonus account. The terms state a $500 qualifying deposit, a maximum $25,000 credit, trading-volume conditions before bonus withdrawal, proportional bonus reduction when funds are withdrawn, and 50% margin-call / 30% stop-out levels. The terms identify Belleo Markets in Saint Vincent and the Grenadines for that promotion; the bonus receives no positive rating credit and must not be confused with a regulated deposit or guaranteed cash return.

What are the BelleoFX Highlights?

Key 2026 highlights include seven MT5 account types; $10 Cent and $50 Standard entry points; spreads from 0 pips on several higher-cost account variants; leverage up to 1:500 on specified retail account/product combinations; more than 1,000 instruments claimed on the current homepage; BelleoFX Go mobile access; PAMM; EAs; detailed payment rails; and current risk-language limiting a client's losses to the current account balance after an adverse event. These are more useful than marketing slogans because they directly affect pricing, market access, platform capability or client protection.

What is the BelleoFX Origin Story?

BelleoFX states that it was founded in 2020 by industry professionals. Its current Mauritius contact address is Level 6, Ken Lee Building, 20 Edith Cavell Street, Port Louis, Mauritius. The About page says the group serves clients in more than 42 countries, but that marketing statement is not used as evidence that any particular country is legally eligible.

Is BelleoFX Legit and Trustworthy?

Yes, BelleoFX is an established legitimate financial-services provider. Trust is supported by a named Mauritius legal entity, company number 186405 GBC, a consistently stated FSC Mauritius licence number GB21027167 across the current site and Mauritius client agreement, specific legal/risk documents, detailed payment rules and negative-balance wording. The safety assessment is capped because the exact current FSC register row was not independently extractable, the site is inconsistent about its SVG registration number, and no statutory compensation scheme was verified.

That does not make every account equally protected; BelleoFX's Mauritius licence claim must not be treated as permission in every country. The Saint Vincent company registration is not a forex licence, the UAE DET representative office is not an investment-services licence, and the Cyprus payment agent disclosed on some pages is a payment facilitator rather than the trading counterparty. No Belgian/EEA investment-firm route was verified, so Belgium remains fail-closed for the reviewed leveraged OTC products

Is BelleoFX Regulated and who are the Regulators?

Belleo Markets (MU) is presented as the client-facing Mauritius company under [regulator:fsc-mauritius|FSC Mauritius] Investment Dealer licence GB21027167 and company number 186405 GBC. The FSC Online Public Register entry point was checked on 12 September 2026, but the exact company/licence result could not be independently extracted through the available dynamic interface, so full independent-register credit is withheld. BelleoFX also discloses a Saint Vincent and the Grenadines company registration, but [regulator:svg-fsa|SVG FSA] states that forex trading brokerage activities are not licensed in that jurisdiction; the site itself currently alternates between 26000 BC 2020 and 2584 LLC 2022 for the SVG registration. Belleo Markets - Rep. Office (UAE), DET licence 1074850, is a representative-office/business-registration relationship, not a retail-forex execution licence. Digitraceup Limited in Cyprus is disclosed as an EU payment agent only. [regulator:fsma|FSMA] is not a BelleoFX licence; it is included solely because Belgium's leveraged-OTC consumer-distribution restriction means no Belgian Open Account route is enabled.

Verified regulators and legal entities
RegulatorLegal entityLicence / statusOversight rating
FSC MauritiusFinancial Services Commission MauritiusBelleo Markets (MU)Mauritius Investment Dealer relationship presented for the reviewed BelleoFX client accountLicence GB2102716758/100Moderate oversight
FSMAFinancial Services and Markets AuthorityBelleoFXBelgium local-law restriction for leveraged OTC forex/CFD distribution; not a BelleoFX licenceNo BelleoFX Belgian licence relationship verified; FSMA stored only as Belgium product-distribution context95/100Comprehensive oversight
SVG FSAFinancial Services Authority of Saint Vincent and the GrenadinesBelleoFX / Saint Vincent companySaint Vincent corporate/brand context only; not a forex brokerage licenceCorporate-registration context only; current BelleoFX pages publish conflicting registration references and SVG FSA's official notice states that forex trading brokerage activities are not licensed in Saint Vincent and the Grenadines10/100Minimal / registration-only FX oversight

Did BelleoFX win any Awards?

BelleoFX's current site lists Forex Traders Summit Dubai awards including Best Mobile Trading App, Top Forex Broker and Best Trading Execution for 2024, plus several 2023 awards such as Best Institutional Forex Broker, Best ECN Forex Broker and Broker of the Year. These are recorded as marketing/industry recognition and do not increase the regulation score.

What type of Forex Broker is BelleoFX?

BelleoFX provides OTC leveraged forex/CFD trading. Its public site markets fast execution and has used ECN language in awards/marketing, but the current Mauritius Client Agreement and reviewed execution disclosures do not establish that every account is pure agency/STP/ECN or that BelleoFX never acts as principal. This review therefore does not label the entire service as a pure ECN broker.

How do I get in Contact with BelleoFX?

Current public contact details include support@belleofx.com, +230 2 600 342, live chat, and the Port Louis office at Level 6, Ken Lee Building, 20 Edith Cavell Street. The contact page states office hours of 10:00-19:00 GMT+4.

Where are the Headquarters from BelleoFX based?

BelleoFX's current operational/contact presentation centres on Port Louis, Mauritius: Level 6, Ken Lee Building, 20 Edith Cavell Street. The site separately lists a Saint Vincent address and, on some pages, a Dubai representative office; those are not conflated with the Mauritius regulated entity's office.

What kind of Customer Support is offered by BelleoFX?

BelleoFX currently offers live chat, e-mail, telephone support and personal Relationship Managers. The contact page lists 10:00-19:00 GMT+4 office hours. No independent 24/7 human-support SLA was verified.

Which Educational and Learning Materials are offered by BelleoFX?

The current site links to BelleoFX Academy and publishes educational material. No fixed entitlement to one-to-one coaching, a specific webinar frequency or accredited curriculum was independently verified, so the review credits the existence of educational resources without treating marketing testimonials as evidence.

Does BelleoFX hedge Positions?

The current account and legal material checked for this review did not provide a sufficiently clear universal rule on hedging permissions, margin treatment for hedged positions or whether every strategy is permitted. BelleoFX explicitly permits EAs but warns users to avoid 'toxic trading styles'; traders using hedging, latency or high-frequency techniques should therefore rely on the current account/server terms rather than assume universal permission.

Accounts and eligibility

94/100

Can anyone join BelleoFX?

A live account requires registration, identity and address verification and the signed application form; BelleoFX says verification can take up to 24 hours. The current site does not provide a complete authoritative country-by-country eligibility matrix. Global marketing and an EU payment agent are not treated as proof of legal availability in an EU/EEA country. Belgium is therefore unavailable for the reviewed consumer OTC forex/CFD route unless a compliant serving relationship is separately evidenced.

Who should sign up with BelleoFX?

BelleoFX is best suited to eligible offshore forex/CFD traders who specifically want MT5, multiple account-pricing structures, Expert Advisors, PAMM and a broad set of payment methods and who understand the Mauritius/SVG entity distinctions

Who should NOT sign up with BelleoFX?

BelleoFX is a weaker fit for Belgian retail consumers seeking an electronically distributed leveraged OTC forex/CFD account, clients who require a top-tier onshore investor-compensation scheme, or anyone who wants the same legal protections and leverage in every country

Does BelleoFX offer Discounts, Coupons, or Promo Codes?

The live 100% Credit Bonus is the clearest current promotion, but it is a trading-credit scheme with deposit, volume and withdrawal conditions rather than a fee discount or guaranteed cash rebate. No generally applicable volume-rebate tariff was verified in the current official source set.

Which Account Types are offered by BelleoFX?

The current account table lists Standard, Swap-Free, Zero Spread, Pro, Promo 100% Bonus, PAMM and Cent accounts, all on MetaTrader 5. Minimum deposits range from $10 for Cent and $50 for Standard through $10,000 for Pro. Spreads, commission, swaps and leverage differ by account and asset class.

How to Open a BelleoFX LIVE Account?

To open a live account, use the official BelleoFX registration flow, complete the application, provide passport/national ID and proof of address no older than three months, wait for verification, then select the account type and fund from an account/payment instrument in your own name. Account opening should only proceed if BelleoFX explicitly accepts the client's jurisdiction and the product is lawful there. The broker must complete identity, residency and suitability/appropriateness checks before regulated products are enabled.

How to Open a BelleoFX DEMO account?

BelleoFX currently offers a demo account for practising on its trading platform. A demo is useful for platform familiarisation but does not reproduce live slippage, liquidity, withdrawal controls or regulatory protections.

If I violate the Trading Objectives of BelleoFX do I get a second chance?

BelleoFX is not a proprietary-trading challenge, so there are no 'trading objectives' whose breach automatically terminates a funded challenge. Normal account restrictions instead come from margin rules, product permissions, suitability checks and the client agreement.

How Are You Protected as a Client at BelleoFX?

BelleoFX's risk disclosure states that if adverse market movements take the account below zero, the company bears the negative amount and the client's losses are limited to the then-current account balance. That is current first-party negative-balance wording, not a statutory compensation scheme. No government-backed investor compensation fund was verified for the reviewed Mauritius route, and no public source reviewed here was strong enough to claim universal statutory client-money segregation protection across every BelleoFX entity.

What are BelleoFX AML ID requirements?

KYC requires ID and proof of address, with professional English translation where necessary. The Deposit and Withdrawal Policy prohibits third-party payments, normally returns money to the original source, can request source-of-funds evidence, and may require bank/card statements before withdrawal. These controls are specific and materially more informative than a generic AML claim.

Deposits, withdrawals and fees

91/100

Which Deposit and Withdrawal options are available at BelleoFX?

The current funding table lists bank transfer, cards, Neteller, Skrill, PayOp, FasaPay, Bitcoin and other methods. Deposit minimums are generally $50, with bank wire at $500; published deposit fees range from free to percentage provider charges. Withdrawals are generally $10 minimum except bank wire at $500, and many listed methods show 1-24 hours for internal processing. The policy requires verified clients, same-source repayment where possible and additional compliance checks when needed.

Which Funding methods or Deposit Options are available at BelleoFX?

Current funding methods include bank wire, Visa/Mastercard/Maestro, Neteller, Skrill, PayOp, FasaPay, Bitcoin and additional regional/e-wallet methods shown on the funding page. Card/e-wallet/crypto deposits are commonly listed as instant after approval, while bank transfer is listed at 1-5 working days. The site states all deposits are converted to USD for the MT5 trading account; actual provider availability and external fees remain country-specific.

What is the Minimum Deposit Amount at BelleoFX?

The current account-type table is more specific than the older FAQ: Cent $10, Standard $50, Swap-Free $1,000, Zero Spread $1,000, Pro $10,000, Promo Bonus $500 and PAMM $2,000. The FAQ still says $100 in one place, so this review treats the structured current account table and current funding table as controlling and records the discrepancy rather than silently normalising it.

Which Withdrawal methods are available at BelleoFX?

The live funding page lists cards, Neteller, Skrill, PayOp, FasaPay, Bitcoin, Kora, Perfect Money, Jetonbank, PayOK and bank wire/other provider options depending on profile. Minimum withdrawal is published as $10 for most listed rails and $500 for bank wire. The broker says withdrawals should normally return to the original deposit source.

How can I Withdraw Money from BelleoFX Step by Step?

Request the withdrawal through the authenticated Client Portal, close positions if withdrawing trading profit, select the original/eligible verified payment source and provide any requested current bank/card statement or source-of-funds evidence. BelleoFX says Operations review can take up to 24 hours before external settlement, with bank transfers taking longer.

Does BelleoFX Payout?

BelleoFX is a trading broker rather than a fixed-return payout service. The current policy says floating trading profits cannot be withdrawn until the relevant position is closed; completed withdrawals remain subject to free margin, KYC/AML review and payment-provider settlement.

Which Fees are charged by BelleoFX?

Trading fees are account-specific. Standard is currently shown from 1.2 pips with no separate commission, Swap-Free from 1.5 pips with no commission, Zero Spread from 0 pips with commission from $15/lot, Pro from 0 pips at $5/lot, PAMM from 1 pip at $5/lot and Cent from 0 pips at $2.40/lot. Swaps apply on most accounts except Swap-Free. Funding charges range from free to explicit provider percentages such as 1% for Neteller/Skrill and from 3.5% for PayOp on the current table; external provider charges can also apply.

Trading conditions and platforms

96/100

What can I trade with BelleoFX?

BelleoFX's current site markets forex, stocks/share CFDs, indices, commodities and cryptocurrency CFDs and claims more than 1,000 instruments. An older About page still says 270 instruments, so the review records 1,000+ as the current homepage claim rather than an independently symbol-counted inventory.

Which Trading Platforms are offered by BelleoFX?

MetaTrader 5 is the principal trading platform and is offered for desktop/web/mobile use. BelleoFX also markets WebTrader and its BelleoFX Go mobile application. No current MT4 service was verified. The broker explicitly supports Expert Advisors on MT5 subject to its strategy restrictions.

Which Trading Instruments are offered by BelleoFX?

The current proposition includes major/minor forex, equity/share CFDs, indices, commodities and cryptocurrency CFDs. The homepage claims 1,000+ instruments across multiple asset classes; the exact live symbol count was not independently enumerated and may vary by account/entity.

Which Trading Servers are offered by BelleoFX?

BelleoFX uses MetaTrader 5. The public pages reviewed do not publish a durable complete list of live MT5 server names; clients should use only the server credentials delivered through the authenticated BelleoFX account flow rather than third-party connection details.

Which are the Base Currencies supported by BelleoFX?

The current FAQ/funding material says deposits can originate in multiple currencies but are converted into USD in the MT5 trading account, making USD the clearly verified base currency in the reviewed public workflow. Other permanent account-base-currency choices were not independently verified.

Can I trade Crypto with BelleoFX? Which crypto currencies are supported by BelleoFX?

BelleoFX offers cryptocurrency CFDs according to the current risk warning and market material. The risk disclosure explicitly says the client has no rights to underlying CFD assets, so this is derivative exposure rather than transferable ownership of crypto. Bitcoin is also listed as a funding method, which is separate from trading a crypto CFD.

What is the Leverage on my BelleoFX Trading Account?

The current account table publishes up to 1:500 for currency trading on Standard, Swap-Free, Zero Spread, Bonus and Cent accounts, with lower product-specific limits such as 1:200 for metals, 1:100 for energies and 1:50 for indices on several account types. Pro and PAMM are shown at up to 1:200. Actual leverage must still comply with entity, country, client and instrument restrictions.

How can I change the Leverage on my BelleoFX Trading Account?

The public account table defines account/product leverage ceilings, but no current official self-service procedure for raising or lowering leverage was verified. Clients cannot treat 1:500 as a universal entitlement; any change is constrained by account type, instrument, equity, risk controls and jurisdiction.

What kind of Spreads are offered by BelleoFX?

Current advertised spread floors are Standard 1.2 pips, Swap-Free 1.5 pips, Zero Spread 0 pips, Pro 0 pips, Bonus 1.8 pips, PAMM 1 pip and Cent 0 pips. These are minimum advertised levels rather than guaranteed live spreads; commissions differ materially across the zero/raw-style variants.

Does BelleoFX offer MAM Accounts or PAMM Accounts?

BelleoFX explicitly offers a PAMM account, currently showing a $2,000 minimum deposit, spread from 1 pip, $5/lot commission and leverage up to 1:200. A separate MAM service was not verified in the current official source set, so PAMM is confirmed and MAM remains unverified.

Does BelleoFX allow Expert Advisors?

Yes. BelleoFX explicitly states that Expert Advisors are allowed and that MT5 can run multiple EAs, while warning users to avoid trading styles it classifies as toxic. This means EA support is verified but should not be read as unconditional permission for every latency/arbitrage technique.

Does BelleoFX offer Copytrading?

A current first-party retail copy-trading/social-trading marketplace was not verified in the official source set checked on 12 September 2026. PAMM is documented, but PAMM is not treated as proof of a separate one-click copy-trading service.

Sources

Last reviewed September 12, 2026. Product availability, leverage, pricing and client protection can differ by country and legal entity.

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