BelleoFX review: Stay Away from BelleoFX

Learn about the dangers of trading with BelleoFX. Our review reveals the red flags and why this broker is best avoided.
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BelleoFX review: Stay Away from BelleoFX

BelleoFX website

BelleoFX Review 2023

 

Our research about BelleoFX shows that it has been blacklisted by a financial regulator and that is why we are publishing this warning.

BelleoFX is a broker that has 250+ financial instruments on offer for trading with a leverage up to 1:500. The minimum deposit is 100 USD.

Official website: https://belleofx.com

Address: Level 6, Ken Lee Building, 20 Edith Cavell St, Port Louis, Mauritius

Contact information: [email protected], +447727725738

Is BelleoFX legit?

Based on our research we have to say that BelleoFX is not legit. The reason for this conclusion is that it has been blacklisted by a financial regulator for providing unauthorized financial or investment services.

The warning about BelleoFX

The financial regulator that has warned the public about BelleoFX is the FCA, see the full alert HERE.

The FCA had this to say about BelleoFX: This firm is offering financial services to residents of the UK, but it is not authorized to do so.

Why this warning is important

Financial regulation is key to maintaining orderly markets. Every country has at least one independent regulator that oversees financial markets to ensure that customers of investment services are protected.

No regulation is perfect, but it provides at least basic consumer protection. In the investment world, regulation often ensures that clients’ funds are segregated from the money of the company, that there is transparent pricing of traded assets, that the company is not in conflict of interests, etc.

Simply put, there are rules that investment companies have to follow and regulators make sure that they follow them.

In some countries, deposits with investment companies are even insured. This means that if the company, for example, a broker, goes bankrupt, clients still get their money back from an insurance fund.

For all the reasons mentioned above the risks with regulated companies are far smaller than with the ones that are not regulated. There are many, many more scams among unlicensed and unauthorized investment services.

Therefore, to stay on the safer side, it is always better to trade and invest only with regulated companies. Only with platforms that are licensed by regulators to provide the services they are offering.

You should educate yourself about financial regulation in your country and use only investment and other financial services that are authorized in your country by relevant authorities.

Is BelleoFX a scam?

BelleoFX being blacklisted by a financial regulator, namely by the FCA, does not necessarily mean that it is a scam. Unless it is explicitly said in the alert.

But it is important to know that every time there is a reason for a company to be placed on a warning list by a financial authority.

There must have been an impulse for the regulator to investigate BelleoFX and conclude that the public must be warned about it. Like complaints from users or suspicion, for example. Most often it’s testimonials from users who have a bad experience with the service and have to complain.

Some investment projects overlook their duties as far as financial and investment laws are concerned, and some are outright scams that avoid regulation.

In this review, we report on the alert that the FCA published about BelleoFX. So for a conclusion about whether it is a scam or not you can contact directly this financial authority.

They should be able to explain in more detail why they published the warning. For example, if it was initiated by a bad user experience or something else.

In our experience, to stay safe, it is better to avoid all companies and investment services that have been blacklisted by financial regulators.

You can also contact the national financial authority in your country and ask about BelleoFX to see what they have to say.

In conclusion about BelleoFX

BelleoFX has been the subject of a warning from the FCA, which is a financial regulator. So there is a problem with it, and that is why you’d better stay away from it.

If you have doubts about BelleoFX, just ask a licensed investment advisor and/or the national financial authority in your country to get a professional opinion.

Don’t let the mistake of investing in an unauthorized platform like Geetle.com ruin your financial future. We can help you take the necessary steps to recover your funds and move forward. Our team is available 24/7 to answer any questions you may have and to provide the support you need.

Are you a victim?

We know how frustrating it can be to not be able to withdraw your funds or to find that your account has been suspended or even deleted. And we know how it feels when you see your funds missing from your account.

If this sounds like something that’s happened to you, we can help. We can’t fix what’s already happened, but we can help you recover what was stolen from you and maybe even make sure that it doesn’t happen again.

How to protect yourself

You’ll have a better chance of receiving compensation if you deal with an authorized or registered financial firm. Check the Financial Services (FS) Register to ensure they are authorized or registered by FCA. It has information on firms and individuals that are, or have been regulated by this authority.

If you invested money with a reputable company, your access to the Financial Ombudsman Service and FSCS protection will depend on what kind of investment you made, what type of service was provided in connection with it (and whether this required prior authorization from regulators), and if the firm had been granted permission by financial authorities.

If you would like further information about protection, the authorized or registered firm should be able to help.

There are more steps you should take to protect yourself from scams.

Report an unauthorized firm

If you think an unauthorized firm has approached you, contact our Customer support on telegram . If a scam firm has approached you and taken your money, do not panic! You can get most of it back from scammers. Visit our contact us page or send an email to info@chargebackpros.org