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Votes: 0

BelforFX

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Aug 09, 2013 09:23 am
#1
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

Rate the broker you know! Brokers can reply to traders' reviews after properly identifying themselves.

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No thread for this yet so I will open one. BelforFX an ECN forex broker heaquartered in New Zealand and is regulated by FSPR. Compensation Scheme is under FSCL. They have offices in the UK, Germany, Switzerland and New Zealand. It offers a lot of different types accounts based on your needs. They have new 2 unique accounts: Systems Account (for copying trades through signals provided by trading systems) and Savings Account (for making periodic deposits to save money for specific financial goals, interest not yet known). Stocks Account will be launched soon too - they have a lot of plans :) lol. 

 

Liquidity Providers: Barclays, Credit Suisse, UBS, Merrill Lynch, Morgan Stanley, HSBC, BNP Paribas

BelforFX Website

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Aug 10, 2013 03:46 pm
Jogi User

Posts: 685
Member since: 06/06/2011

One thing that is a big Negative point about them is that they are registered as a company and not as a broker. 

They are not regulated by any reputable authority.

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Aug 21, 2013 02:43 am
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

Originally posted by Jogi

One thing that is a big Negative point about them is that they are registered as a company and not as a broker. 

They are not regulated by any reputable authority.



 

Of course it is registered as a company as a Financial Service Provider. 

I thought FCA regulated brokers are also registered as a company.

Negative? Well better registered than not. 

[cool]

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Aug 30, 2013 04:53 pm
Sasha User

Posts: 836
Member since: 16/05/2011

Originally posted by megrawab

 

Originally posted by Jogi

 

 

One thing that is a big Negative point about them is that they are registered as a company and not as a broker. 

 

They are not regulated by any reputable authority.

 

 

Of course it is registered as a company as a Financial Service Provider. 

 

I thought FCA regulated brokers are also registered as a company.

 

Negative? Well better registered than not. 

 

[cool]

 



 

Yes of course, registeration with FSA means a company but specific name given to that company is "Broker". Usually brokers are regulated with under specific act.

Sep 02, 2013 01:36 pm
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

Originally posted by Sasha
Yes of course, registeration with FSA means a company but specific name given to that company is "Broker". Usually brokers are regulated with under specific act.


 

Thanks for the clarification!

It's just a deeper classification after all..

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Apr 30, 2015 09:33 am
henri2398 User

Posts: 1
Member since: 30/04/2015

[quote]Originally posted by megrawab [quotetext]

 

Originally posted by Sasha
Yes of course, registeration with FSA means a company but specific name given to that company is "Broker". Usually brokers are regulated with under specific act.


 

 

 

 

Yes, it is true - BelforFx is Regulated By : Financial Service Provider (New Zealand), FSCL

To know more read BelforFx Review here - http://www.comparetopforexbrokers.com/belforfx-forex-review


 

Aug 31, 2019 01:31 am

Posts: 156
Member since: 13/09/2016

This company is probably closed now and it’s a lesson for others that we should never be joining any broker randomly, as that can only lead to major losses and it’s kind of stuff that we got to avoid at any cost.

Sep 26, 2019 03:15 am
megrawab Hostedslavebeta

Posts: 332
Member since: 16/08/2011

It's nice to see FXStat forum again. without spams. Well their regualation requires to return funds once they declare brankruptcy. SpediaFX did this.

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