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Could you help verify the legitimacy of BelleoFX?
Sino Sandeep
Kenya
2024-11-10
ANSWER Dear Investor,We understand the distress and frustration this issue may have caused you. BelleoFX is believed to be a risky trading platform due to its questionable legitimacy. The registration number 26000BC2020, allegedly from the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA), does not exist. While there is a company with a similar name to BelleoFX, Belleo Markets LLC, this company's SVG FSA registration is currently being cancelled.Regarding the supposed license from the Mauritius Financial Services Commission (Mauritius FSC), the limited information provided by the authority makes it challenging to verify if BelleoFX and the services provided through belleofx.com are truly licensed and supervised by the Mauritius FSC. There might be potential identity theft involved, where a shady broker copies information from a genuine firm on the Mauritius FSC register to appear legitimate. Additionally, as an offshore area, Mauritius provides lax supervision and minimal protections.We still encourage you to file a complaint with the Mauritius FSC. Meanwhile, you are welcome to submit one to our platform at https://www.brokersview.com/complaint. Our dedicated team will thoroughly review your case and work diligently to help you find possible solutions.
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Does it charge fee when Im not trading?
Reinold Simons
Mayotte
2022-10-24
ANSWER Regarding your question, we would recommend contacting their customer services for the most accurate and current answer. For more details about this broker, please refer to our full review of BelleoFX.BrokersView reminds youWhile BelleoFX is regulated by the Mauritius Financial Services Commission (Mauritius FSC) and registered with St. Vincent & The Grenadines Financial Services Authority (SVG FSA), it is crucial to note that SVG FSA neither issues licenses for forex trading nor regulates international companies and brokers engaging in forex activities, and the Mauritius FSC doesn't provide authentication details nor domains of the registered company for traders to verify. Consequently, Belleo Markets is not under strict regulations. What's more, the United Kingdom Financial Conduct Authority (FCA) issued a warning against this broker. You can check the full warning from here.Therefore, we suggest investors beware of the risks involved and exercise extreme caution when dealing with BelleoFX.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.