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BelleoFX Detailed Review 2023: BelleoFX Account Types, Deposit & Withdrawal Methods and More

BelleoFX, with its vast clientele, operates with one of the most prestigious trading platforms named MT5 or Meta Trader 5, catering to the requirements of the most demanding and hyperactive traders on the go.

Boasting a diversified portfolio of 1000+ trading instruments across multiple asset classes, BelleoFX is renowned for its unwavering commitment to ensuring its clients’ financial security through fortified entities and servers, safeguarding sensitive information, and ensuring seamless transactions.

Additionally, BelleoFX operates under the watchful eye of multiple regulatory authorities including, but not limited to, Financial Services Commission (FSC) of Mauritius, and in Dubai, the company is operating under DET regulations as Rep. Office, which is a clear testament to their trustworthiness and adherence to established standards.

BelleoFX offers a unique proposition to its clients by providing exclusive deals that minimize potential investment risks while maximizing returns. The currently available deals include two types of bonuses: a 100% Credit Bonus and a 20% Tradeable Bonus.

Moreover, BelleoFX simplifies the account opening process by enabling clients to submit personal information and requisite documents seamlessly. Upon verification of these documents, clients can proceed directly with trading activities under the expert tutelage of a reliable forex brokerage relationship manager who is fully capable of handling all sorts of queries and providing unparalleled support in real-time. All of this comes with a minimal deposit as well.

BelleoFX offers seven different trading accounts:

The company has designed these 7 different account types so that traders can choose the one that best suits their trading requirements and stay up-to-date with the markets. These account types are named as Standard, Swap-Free, Zero Spread, Pro Account, 20% Bonus Account, 100 Bonus Account, and PAMM Account. Below is an overview of the account types, but you can explore them in further detail using this link: https://belleofx.com/company/account-types. 

Summary of the main five account types is as follows:

belleofx

Standard: The standard account requires a minimum deposit of $100, providing floating spreads starting from 1.2 pips, leverage up to 1:500, and no commission. This account is suitable for beginner traders, with the option to hold positions overnight through the swap facility.

Swap-Free: The swap-free account requires a minimum deposit of $1,000 and offers floating spreads from 1.5 pips, leverage up to 1:500, and no commission. It is ideal for traders who prefer trading without paying any swap fees and provides expert advisor support.

Zero Spread: The zero spread account requires a minimum deposit of $1000 and offers fixed spreads starting from 0 pips, leverage up to 1:500, and no commission. It is beneficial for scalpers and day traders who want to take advantage of the fixed spreads. Traders on this account also have access to expert advisor support.

Pro Account: The pro account requires a minimum deposit of $10,000, providing floating spreads from 0 pips, leverage up to 1:200, and commission starting from $5 per lot. It is designed for professional traders, with a stop-out level and margin call set at 30%, and a margin call at 50%.

PAMM Account: The PAMM account requires a minimum deposit of $2,000, providing floating spreads from 1 pip with leverage up to 1:200, and no commission. It is designed for passive traders and investors who don’t want to get involved in active trading. They can simply allocate their money in desired proportions to qualified traders, sit back, relax and enjoy profits. This account comes with a stop-out level and margin call set at 30% and 50% respectively.

How does the Deposits & withdrawal process work? 

BelleoFX’s deposit and withdrawal process is characterized by transparency and convenience, which eliminates potential inconvenience or unnecessary delays. The procedure is prompt, enabling clients to deposit or withdraw their funds at any time, even if they are on the go, using multiple methods. Some of the main deposit and withdrawal methods at BelleoFX are:

  1. Bank wire transfer
  2. VISA, Master and Maestro Card
  3. Neteller
  4. Skrill
  5. Payop
  6. Fasapay
  7. USDT
  8. PerfectMoney, etc.

BelleoFX’s withdrawal process ensures that clients can easily and promptly access their funds with minimal hurdles or impediments.

Fees Information

BelleoFX is a highly competitive broker that offers low spreads on major currency pairs, starting at 0.2 pips for Pro accounts. The broker does not impose any deposit or withdrawal fees on credit/debit card or wallet transactions. However, if wire transactions are used for deposits or withdrawals, the associated bank may charge a fee, typically ranging from $20 to $50.

For swap fees to hold a position overnight, traders are required to pay a fee known as a “Swap” fee, which is calculated as a percentage of the total trade value. By utilizing swaps, traders can extend their trading hours and take advantage of market movements that occur overnight.

The amount of swap fees is subject to change, depending on the currency pair being traded and current market conditions.

Nevertheless, BelleoFX does not impose concealed swap fees, making it a highly competitive broker in terms of swap fees.

Spread fees refer to charges incurred for every trade, calculated as a percentage of the total trade value. BelleoFX has an average spread fee of 0.2 pips for major currency pairs, with no additional commission except for Zero Spread and Pro accounts. Floating spreads offered by BelleoFX are beneficial for traders as they help maintain low trading costs by adjusting according to market conditions. When markets are more volatile, spreads increase and vice versa.

With the Zero Spread account, traders have the option of fixed spreads, which are slightly higher than floating spreads but remain constant irrespective of market conditions. BelleoFX is highly competitive in terms of spread fees due to its low charges and beneficial features.

The online trading experience with BelleoFX is streamlined and user-friendly, and can be completed in less than 2 minutes. Clients are required to register on the website, upload the required documents, and wait for confirmation from the validation department that their account has been verified. Once verified, they can start trading right away.

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