BelforFX

Details

BrokerBelforFX
Website URLwww.belforfx.com
Founded2012
HeadquartersLondon ( UK ) , Napier ( New Zealand )
Support TypesLive chat , E-mail , Phone support ( UK. 44-20-3150-1563 , New Zealand +64-6-824-3659 )
LanguagesEnglish , Spanish , French , German
Trading PlatformWebTrader | Tablet | MetaTrader 4 | Mobile
Minimum 1st Deposit$100
Minimum Account Size$100
Leverage1:400
Spreadfrom 3 pips
Free Demo Account Open Demo
Regulated Yes
RegulationNew Zealand ( Financial Services Providers Register (FSPR) with number FSP245245.
Fees Yes
Fee InfoFrom 3 spread ( pips )
Account TypesStandard , Gold , Platinum
Deposit MethodsCredit cards and Bank transfers
Types of Assets54 Forex pairs , Metals , Commodities , Financial Indexes , CFD's
Trading CurrencyUSD
Account CurrencyUSD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score2

Pros

  • Regulated broker
  • Minimum deposit only $100
  • Free Forex courses
  • Social trading
  • Good customer service by chat, e-mail and phone
  • Mobile trading
  • Up to 100% Bonus on your first deposit
  • Safe Trading with Segregated Funds

Cons

  • Few deposit methods

 Trade with a leading forex broker based in New Zealand

BelforFX is part of Belfor Capital Limited, a company registered and regulated by FSPR ( New Zealand ). It was founded in 2012 so it is a very new company indeed. They offer services globally, with offices around the world, and have an array of investment solutions to suit anyone who wants to trade online. They deal with:

  • Brokerage
  • Asset management
  • Saving solutions
  • Online Trading

The usability of their website is easy to use and anyone from beginner to experienced trader will find that they can navigate it and understand what it is that they are looking at.

belforfx-forex-broker

Trading Platforms

BelforFX uses different trading platforms and they all enable traders to trade online using anyone of their platforms, these also include:

  • MT4 ( Metatrader 4 )
  • Tablet
  • Mobile

belforfx-metatrader4

BelforFX - Mobile platform

BelforFX – Mobile platform

Trades

BelforFX have many accounts which they can offer their traders, like many of the other online broker companies they offer a selection of accounts but they also offer traders other accounts that they not have seen on many other broker websites these include:

  • Standard accounts, these are: Standard, Social and VIP
  • The specific accounts they offer are:
  • ECN
  • Fixed
  • Islamic
  • Systems
  • Savings

When it comes to making deposits into your online trading accounts the minimum deposit that you can make on any of the accounts is $100, another thing that they also offer is a demo account too.

Commissions and Spreads

BelforFX has many accounts for traders to use there are no commissions and each of these accounts has a different spread so for example the ECN Account will operate with spreads that are between:

  • From average 3 pips.

Customer Service

BelforFX have good customer service and offer their traders the following ways in which to contact them includin

  • Email
  • Phone
  • live chat

If for any reason you need to contact them you will not have to worry about a response because they will contact you with an answer once the market opens first thing, so you will never be left wondering if you will hear from them.

Deposit Options

BelforFX enable their traders many options when it comes to making deposits into your trading accounts and these include:

  • Debit Card
  • Credit Card
  • Wire Transfer

And once these deposits have been made they will send you an email that will confirm every deposit that you make.

Broker Licence and Regulations

Belfor Capital Limited owns BelforFx they are regulated in New Zealand and they provide services of a financial nature. They are also registered with the FSPR called the Financial Services Providers Register.

BelforFX Review: Summary

BelforFX have a good customer service and they have an array of trading accounts available which is much more than many of the other online broker companies have to offer traders. Security is one thing they are proud of especially when it comes to making deposits into trading accounts, they also have many trading platforms to offer the trader and this is something else that other companies do not offer. With having so many different accounts and trading platforms this may cause confusion to beginners and could make deciding what is best for each individual person difficult.

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