BELFORFX Review

BELFORFX
15% Welcome Bonus
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Overview

One of the most unique features about this brokerage is the diversity of its education materials. While most brokerages offer basic material instruction for beginners, this brokerage offers tutorials, articles, and full courses for advanced traders looking to improve their results. Their leverage of 1:400 also confers a tremendous advantage to veteran traders, as it allows them to make more from every dollar they put into a trade.

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Details

Broker BELFORFX
Website URL www.belforfx.com
Founded 2012
Headquarters New Zealand
Support Number +1-888-311-0273
Support Types Phone, Email, Chat
Languages multi-language
Trading Platform MetaTrader 4 (MT4)|Social Trading|Mobile and Tablet Platforms
Minimum 1st Deposit $100
Welcome Bonus 15% Welcome Bonus
Leverage 400:1
Free Demo Account Yes
Deposit Methods Neteller, Skrill, EgoPay, PaySafeCard
Withdrawal Methods Credit and Debit cards, Visa, Mastercard, American Express, Diners Club, Wire Transfer
US Traders Allowed Yes
Overall Score 82/100

Full Review

This New Zealand brokerage was founded in 2012, and has been making a name for itself as a brokerage that has something for everyone. Unlike many brokerages, who cater to either new or experienced traders, BelforFX offers conditions and services for both. It is regulated by FSPR in New Zealand and NiFID in the EU and has held a perfect compliance record since the formation of the company.

One of the most unique features about this brokerage is the diversity of its education materials. While most brokerages offer basic material instruction for beginners, this brokerage offers tutorials, articles, and full courses for advanced traders looking to improve their results. Their leverage of 1:400 also confers a tremendous advantage to veteran traders, as it allows them to make more from every dollar they put into a trade.

Deposits into a trader’s account can be made using various forms of electronic payment: Neteller, Skrill, and EgoPay to name a few. Once a trader has funded their account, they will also receive a free training account, in which they can (and should) practice what they have learned from tutorials, articles, and other sources. Profit withdrawals can be made using credit cards, debit cards, and wire transfer, which should be verified by a trader upon opening their account.

Their trading platform is based on Metatrader 4, and is compatible with mobile and tablet operating systems, and has both a web-based and downloadable version for traditional computers (both Mac and PC). If any questions arise, their trader-support department is available 24/7 by email, chat, or phone. The trader support department is staffed by a multi-lingual team of former brokers; who can answer both technical and trading related inquiries.

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