BelleoFX

BelleoFX broker is a brokerage that has been operating since 2020 and, with a Persian-language website, a cent account with a $10 minimum deposit and crypto payments, also accepts Iranian clients. In this overview, we review BelleoFX's licenses, its seven trading account types, deposit and withdrawal costs and the risks of trading with it, based on Teagle's data.

What kind of broker is BelleoFX?

BelleoFX offers trading in forex, stocks, indices, commodities and cryptocurrencies with more than 1000 trading instruments on MetaTrader 5. The brand operates through companies in Mauritius and Saint Vincent and the Grenadines and has about 6 years of history. A demo account, support for automated trading, copy trading, scalping and news trading are among the features recorded for this broker in Teagle's data.

BelleoFX licenses and credibility

According to Teagle's latest review, BelleoFX's license status is as follows:

• FSC Mauritius with number GB21027167 (active);
• FSA Saint Vincent and the Grenadines with number 26000 (no status recorded).

FSC Mauritius is an offshore regulator with a medium level of oversight, and Teagle's expert has stressed that registration in Saint Vincent does not count as financial regulation. The legal protection this broker offers is therefore limited, and you should know which group company your account is opened with. We explain the difference between these licenses in the article What are offshore and onshore brokers and the guide Broker regulation tiers .

Does BelleoFX serve Iranians?

Yes. According to Teagle's data, BelleoFX accepts Iranian traders and has a Persian-language website. The key point is identity verification: non-English documents must have an official, notarized English translation, and document images must be in color, complete and unedited. Third-party payments are not accepted, and funds must be returned via the same method used for the deposit.

BelleoFX trading accounts

All accounts are offered on MetaTrader 5, with floating spreads, a 50% margin call and a 30% stop-out:

• Cent: $10 minimum deposit, zero spread, $2.4 commission and 1:500 leverage;
• Standard: $50 minimum deposit, spreads from 1.2 pips, no commission and 1:500 leverage;
• 100% Bonus: $500 minimum deposit, 1.8 pip spread and 1:200 leverage;
• PAMM: $500 minimum deposit, 1 pip spread and 1:200 leverage;
• Islamic: $1,000 minimum deposit, spreads from 1.5 pips and no commission;
• Zero Spread: $1,000 minimum deposit, zero spread and commission from $15;
• Pro: $10,000 minimum deposit, zero spread, $5 commission and 1:200 leverage.

Teagle's expert has said that the information on the broker's website about commissions, spreads, margin call and stop-out is contradictory in some sections, and the order execution model is not transparent either; so confirm the account terms in writing before depositing. To learn about small accounts, read the article Best brokers for cent accounts and to compare commission-based accounts, An introduction to ECN accounts .

BelleoFX platforms and services

MetaTrader 5 is available for Windows, Mac, Android, iOS and as a web version. The list of services includes bonuses, rebates, PAMM, expert advisors and trading robots, an IB program, education and an economic calendar. The existence of a 100% Bonus account shows that bonuses are part of this broker's offering; follow active offers on the broker bonuses page and read the withdrawal conditions before claiming one.

Deposits and withdrawals at BelleoFX

Deposits can be made with Visa, Mastercard and Maestro cards, e-wallets such as Neteller, Skrill, FasaPay, Perfect Money and JetonBank, the PayOp, Kora and PayOK gateways, Bitcoin and bank wire. Card and crypto deposits are free, but e-wallets charge up to 1% and gateways up to 3.5%. E-wallet withdrawals cost up to 3% and gateways up to 3.5%, and most methods are processed within 1 to 24 hours; bank wires take 1 to 6 business days. If you withdraw without sufficient trading activity, the broker may deduct 3% of the amount (up to 6% for cards). Profits on open trades also cannot be withdrawn until the positions are closed.

BelleoFX rating and risk on Teagle

BelleoFX's final score on Teagle is 1.63 out of 5, derived from the average of two sources: Forex Peace Army 2.24 and WikiFX 1.01; no reviews from Teagle users have been submitted yet. The Teagle Eye risk index for this broker is 65 out of 100, in the "high risk" category, due to very low credibility scores, a medium-tier license and a short track record. You can also find this broker in Teagle's list of high-risk brokers .

Pros and cons of BelleoFX

• Pro: accepts Iranians and offers a cent account with a $10 minimum deposit
• Pro: seven account types, including PAMM and an Islamic account
• Pro: MetaTrader 5, expert advisors and crypto payments
• Con: medium-tier FSC Mauritius regulation and very low credibility score
• Con: heavy fees for withdrawals without trading activity and e-wallet costs
• Con: contradictory website information and lack of transparency about the order execution model

Who is BelleoFX suitable for?

According to Teagle, BelleoFX is worth considering for beginner and intermediate traders who want a cent account, a low minimum deposit and crypto payments, but it is not suitable for large capital or for those who want tier-1 regulation and full transparency. Before choosing, put it side by side with a similar option in the BelleoFX vs Weltrade comparison .

Conclusion

BelleoFX makes it easy to start with little capital, but its low score and high risk call for serious caution. Start with a cent account, ask about withdrawal fee terms in writing, make a test withdrawal and check the latest warnings on the investment risk warning page .