Score
Belfrics Prime
Malaysia|1-2 years| https://belfricsprime.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Belfrics International Limited (formerly known as Po Tai Global Development Limited)
License No.：MB/18/0022
Basic information
Malaysia
1-2 years Regulated in Malaysia Straight Through Processing(STP) Suspicious Scope of Business Medium potential riskUsers who viewed Belfrics Prime also viewed..
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Website
belfricsprime.com
Server Location
United States
Website Domain Name
belfricsprime.com
Server IP
104.21.7.253
Company Summary
| Aspect | Information |
| Registered Country/Area | Malaysia |
| Founded Year | Within 1 year |
| Company Name | Belfrics Prime |
| Regulation | Regulated by LFSA |
| Minimum Deposit | $100 |
| Maximum Leverage | Forex and CFDs: Up to 100:1, Cryptocurrencies: Up to 50:1 |
| Spreads | Starting from 0.1 pips |
| Trading Platforms | MetaTrader 5, SYOB (Start Your Own Brokerage) |
| Tradable Assets | Forex, Crypto CFDs, Commodities, Equities, Indices, Metals, ETFs, Energies |
| Account Types | Single account type |
| Demo Account | N/A |
| Customer Support | Email: support@belfricsprime.com, Phone: +60 3-2181 2525, Address: Level 8, Tower 3, KL Trillion, 338 Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia |
| Payment Methods | Deposit varies (e.g., bank transfer is free, credit/debit card incurs a 2.5% fee), Withdrawal varies (e.g., bank transfer is free, credit/debit card incurs a 3.5% fee) |
Overview of Belfrics Prime
Belfrics Prime is a regulated financial platform based in Malaysia t. In terms of market instruments, Belfrics Prime provides access to various financial assets, including over 50 currency pairs in the Forex market, more than 10 cryptocurrencies for Crypto CFDs, over 2,000 commodity assets, more than 2,000 stocks, 35+ indices, over 15 metal commodities, and 5 or more Exchange-Traded Funds. While this offers a wide range of options, the lack of regulation and trading software raises concerns about the security and reliability of trading on this platform.
Belfrics Prime offers a single account type, straightforward leverage options (up to 100:1 on Forex and CFDs, and up to 50:1 on cryptocurrencies), spreads starting from 0.1 pips, and a minimum deposit of $100.
Pros and Cons
| Pros | Cons |
| Offers a wide range of market instruments. | Deposit and withdrawal fees vary based on payment method. |
| Low spreads starting from 0.1 pips. | No specific account variations available. |
| Offers leverage up to 100:1 on Forex and CFDs. | Monthly fees may be imposed, but the amount is unspecified. |
| Allows deposit and withdrawal in fiat and cryptocurrencies. | |
| Provides MetaTrader 5 trading platform. | |
| Multiple contact channels for customer support. |
Is Belfrics Prime Legit?
Belfrics Prime is regulated by LFSA in Malaysia.
Market Instruments
| Instrument | Quantity |
|---|---|
| Forex | 50+ |
| Crypto CFDs | 50+ |
| Commodities | 10+ |
| Equities | 2000+ |
| Indices | 35+ |
| Metals | 10+ |
| ETFs | 15+ |
| Energies | 5+ |
Account Types
Belfrics Prime offers a single account type, which is straightforward and streamlined.
Leverage
Belfrics Prime offers leverage of up to 100:1 on Forex and CFDs, and up to 50:1 on cryptocurrencies.
Spreads & Fees
Belfrics Prime offers spreads starting from as low as 0.1 pips. Additionally, the platform imposes a minimum monthly fee that can be as low as $100.
Minimum Deposit & Withdrawal
The minimum deposit amount is $100, and the minimum withdrawal amount is $50.
Deposit & Withdraw
Belfrics Prime allows users to deposit and withdraw using fiat currencies and cryptocurrencies. Deposit and withdrawal fees vary depending on the payment method used. For example, deposits made via bank transferare free, while deposits made via credit or debit card incur a 2.5% fee. Withdrawals made via bank transfer are free, while withdrawals made via credit or debit card incur a 3.5% fee.
Trading Platforms
METATRADER 5:
Belfrics Prime offers the MetaTrader 5 trading platform, a multifunctional tool that supports various asset classes and provides access to powerful trading features. With MetaTrader 5, traders can optimize their trading potential and enhance their financial strategies.
SYOB (Start Your Own Brokerage):
Belfrics Prime introduces the 'Start Your Own Brokerage' service (SYOB), providing a comprehensive solution for those looking to enter the financial world as brokers. This service offers advanced technology, robust liquidity, and continuous support to ensure the success of new brokerages, making it a valuable choice for aspiring financial entrepreneurs.
Educational Tools
There is no specific information available on the Belfrics Prime website regarding their educational tools.
Customer Support
Belfrics Prime offers customer support through multiple channels, including email at support@belfricsprime.com and phone at +60 3-2181 2525. They have a global presence with branches in key cities worldwide, and you can find them at Level 8, Tower 3, KL Trillion, 338 Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia. For media inquiries, you can contact their PR team using the provided contact details.
FAQs
What trading instruments does Belfrics Prime offer?
Belfrics Prime offers Forex, Crypto CFDs, Commodities, Equities, Indices, Metals, ETFs, and Energies for trading.
How many account types does Belfrics Prime offer?
Belfrics Prime offers a single streamlined account type with no variations.
What is the leverage provided by Belfrics Prime?
Belfrics Prime offers leverage of up to 100:1 on Forex and CFDs, and up to 50:1 on cryptocurrencies.
What are the minimum deposit and withdrawal amounts at Belfrics Prime?
The minimum deposit amount is $100, and the minimum withdrawal amount is $50.
Keywords
- 1-2 years
- Regulated in Malaysia
- Straight Through Processing(STP)
- Suspicious Scope of Business
- Medium potential risk
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LYM
United States
I got some beef with Belfrics Prime. The whole regulation thing is sus – they claim MalaysiaLFSA, but who knows? No educational tools got me feeling like they're keeping us in the dark. And what's up with those mystery monthly fees? They need to spill the tea. Too many unknowns and risks for my liking. With so many other options out there, I'd think twice before diving into the Belfrics Prime scene.
Neutral
2023-12-06
Una丶Daddy
Spain
Yo, trading with Belfrics Prime has been lit! Their market options are off the charts – Forex, Crypto CFDs, you name it. The low-key spreads starting from 0.1 pips? Major win! Plus, I can cash in and out with both fiat and crypto. The MetaTrader 5 platform is the real MVP, and customer support is always on point. Trust, it's been a smooth ride, and I'd recommend it to my trading crew any day.
Neutral
2023-12-05
Jankal
United States
Great platform to trade with, so smooth, just one small problem with basic type of real ac having bit more spread, so i'll prefer go with the professional version.
Positive
07-05
7791
Indonesia
I rely heavily on speed and accuracy for my trading algorithms, and Belfrics Prime delivers on both fronts. Their in-house technology ensures quick trade execution and having access to so many trading instruments allows me to diversify effectively!
Positive
06-27
Geeky
Malaysia
Trading with Belfrics Prime? Now that was an eventful experience! Loved their sharp Tier 1 pricing, truly set the bar for a top-notch trading experience. But word of caution, their content seems more suited for professional or institutional clients, so new traders might wanna proceed with care.
Positive
05-15
Jarrad
Malaysia
Through this platform, I could manage my trades efficiently. It offered competitive spreads, making it an attractive platform for seasoned traders like myself. Yes, there is a monthly fee involved with Belfrics Prime, but honestly, for the kind of service and value I get in return, I find it worth every penny.
Positive
2023-10-13