BelFX-Some Important Points about This Broker

General Information & Regulation

BelFX Limited is an International business company with registration number 130266 and is authorised and regulated by the International Financial Services Commission (IFSC) under License number 000127/155. Operational address: Psaron 3, Mesa Geitonia, 4000 Limassol, Cyprus. BelFX Limited does not provide services to residents of the USA, Belize, Japan and Canada.

Market Instruments

BelFx offers traders a wide range of financial trading instruments, including Forex instruments (over 45 currencies), precious metals, commodities, stocks, and shares.

BelFX Minimum Deposit

To meet different investors' investment needs and trading experience, BelFx offers three different account types: Standard Accounts, VIP Accounts, and Platinum Accounts. The minimum deposit for starting a standard account is $500, which is a little bit higher than sector standards. Many other brokers only require an intial deposit of $50 to $100.

BelFX Leverage

When it come to trading leverage, the maximum leverage is up to 1:500 for Forex instruments, 1:100 for metals trading, 1:100 for commodities and indices trading, and up to 1:50 for stocks.

Spreads & Commissions

Spreads vary depending on various account types. The EURUSD spread amounts to 2.3 pips, USDJPY around 2.4 pips, GBPUSD around 2.5 pips, AUDUSD 2.4 pips. Spreads on the VIP account, spreads are slightly tighter, with spread on EURUSD around 1.8 pips, USDJPY

BelFX Trading Platform

BelFx offers forex investors the world's leading platform for forex trading - the MT4 trading platform. MT4 is a development trading platform that provides traders with easy access to the most dynamic financial markets. Using MT4, traders can trade multiple asset classes, including currencies, commodities, indices, and stocks, from a single screen. Traders can also use MT4 for iPhone, iPad, and Android versions.

BelFX Trading Tools

BelFx provides a variety of trading tools, including Expiration Dates, Market Hours, Holiday Calendar, Economic Calendar, Margin Requirements for traders to adapt to their trading environment.

Deposit & Withdrawal

With regard to funding options, it seems that BelFX only accept Visa and Mastercard to fund accounts. Deposit and withdrawals both requires a commission of up to 3%, taking up to 48 business hours to arrive.

Customer Support

The BelFX customer support team can be available 24/5 through email telephone, as well as a contact form. There is also a “FAQ”section for common answers. Unfortunately, there is no live chat support, though it is the fastest way to get responded.