Bells Trade Review: We Will Tell You Why to Avoid This Broker
The way to ensure your money is safe is to thoroughly research every broker you consider giving it to. If you do that for Bells Trade, you will see that you are better off throwing it into the fire than investing with this scammer.
We detail everything about Bells Trade in our Bells Trade review, so be sure to stick around, and let’s uncover the scam together.
| Broker name | Reliable Broker Must Have | |
| Legal name: | BellsTrade Global Market Limited | Transparently displayed in the disclaimer or legal documents |
| Regulation: | Unregulated | Within your legal jurisdiction – local regulator |
| Registered in: | SVG | Your country or the country whose license applies in your legal jurisdiction |
| Established: | N/A | The older the domain – the higher the possibility the company is trustworthy |
| Website: | https://www.bellstrade.com/ | Domain should be from local or international zones, no .xyz, etc. |
| Financial Authorities Warnings: | No | None |
| Contacts: | Email: [email protected]
Phone: +44 161 4208714 |
Phone, email, social media, web form |
| Is withdrawal possible: | No | Yes |
| Fees: | Hidden fees | Transparent fees – list of spread and commissions |
| If Active on Social Media: | No | Often present on social media |
| Investor Protection: | No | Compensation fund |
Is BellsTrade Legit?
First things first – the regulation. The concerning thing from the start was Bells Trade’s headquarters. They come from St. Vincent and the Grenadines, which is known as the biggest scammer haven in the world. The broker claims to have an SVG license, but that does not mean anything. We’ll explain.
While it may be a great vacationing spot, SVG is terrible as a regulator. This sunny country does not issue Forex and CFD licenses, and anyone claiming to have one is lying. This situation is why we are flagging Bells Trade as a complete scam!
You want a strong and reliable regulator behind your broker. They will guarantee your funds will be safe with said broker, and you can then focus solely on making a fortune in Forex. Since Bells Trade does not have a license from any authorities, we can only advise you to avoid them.
Bells Trade Profile
Found on bellstrade.com, this scammer has a pretty run-of-the-mill offer. Firstly, they provide users with a Trading Central platform. We would like to say something good about it, but hardly anything comes to mind. MetaTrader 4 and 5 set the standard when they came out, and almost every other platform lacks compared to them. That is why Trading Central means very little to us.
Secondly, BellsTrade has three account options:
- Standard – $1,000
- Premium – $5,000
- Platinum – $25,000
The initial deposit is high, especially compared to other brokers operating in heavily regulated areas like the US and EU. Scammers set high minimum deposits, so they can get big money quickly and then cease contact with you. So when you see a deposit requirement like the one BellsTrade has, you can seriously suspect a scam.
| Trading platforms: | Trading Central |
| Account types: | Standard – $1,000
Premium – $5,000 Platinum – $25,000 |
| Financial Instruments On Offer: | N/A |
| Maximum leverage: | 1:500 |
| Minimum Deposit: | $1,000 |
| Commissions/bonuses: | No |
| Mobile app: | Yes |
| Desktop app: | Yes |
| Autotrading: | N/A |
| Demo account: | Yes |
| Education or Extra tools: | No |
Is This Broker Safe?
No, Bells Trade is not safe! It operates from SVG, which is infamous for harboring fraudsters. You cannot trust their intentions and should stay away from them. The Forex market is risky enough on its own. You do not need additional dangers.
But some brokers can provide you with safety and a great trading environment and we know where to find them. Check out FXDD, and you can reach out for more recommendations any time you want.
Trader Reviews – Sharing Experiences
An essential part of every good review is the trader reviews section. It brings you real-life experience of trading with a broker, which can tell you what they are all about.
We did not find any Bells Trade reviews, which tells us a lot. Check out a legitimate broker, and you will see many user reviews. People like to talk about their experiences, good or bad, and praising a broker is always popular. Therefore, the lack of reviews for Bells Trade is alarming and can be another sign they are scammers.
How Does the Bells Trade Platform Reach Clients and Who Are They?
Unfortunately, since we do not have much to go on from their clients, we cannot tell you for certain who the broker targets the most. Scammers choose offshore headquarters because it allows them to reach broader audiences. With that in mind, Bells Trade might target people anywhere in the world, so be careful!
Deposits and Withdrawal Methods
Bells Trade accepts many payment methods, including:
- Visa
- MasterCard
- Wire transfers
- Neteller
- Skrill
- Web Money
- Perfect Money
- JCB
- Bitcoin
However, we could not verify this, so it is best not to engage. We also did not find any withdrawal policy, so we do not know if there are any fees or trading volume requirements.
Reasons To Avoid This Company
We could list many reasons, but we will cover only a couple. The first and most important one is a lack of regulation. We are dealing with an SVG broker, which is an immediate red flag. You cannot trust these brokers, and that is the only reason you need to move on.
Secondly, the broker is anonymous. Scamadviser showed us that the owner of the bellstrade com domain is hiding its identity on WHOIS, and they even found anonymous payment methods on the broker’s website. This additional information should be enough to convince you of who BellsTrade is – a scammer.
Our Safe Trading Experts’ Opinion of Bells Trade
Our Bells Trade Review was very one-sided, but that is because we objectively had nothing good to say about this scammer. Everything from its license to the trading environment screams scam, and hopefully, we convinced you of it.
But your Forex journey should not end with Bells Trade. There are many legitimate brokers that can provide you with everything you need for success. One of those is CornerTrader, and if you want a more personalized recommendation, contact us today!
FAQ Section
Is BellsTrade Regulated?
No, BellsTrade does not have a license. They operate from SVG, and this country does not regulate Forex and CFD markets.
How do I get into forex trading?
First and foremost, you should become knowledgeable about the market. Learn what you can trade, how trading works, and how to do it safely. After that, you should find a reliable broker to partner with, and this is where we come in. Contact us, and we will provide you with a free consultation where we work together to find you the perfect broker for your needs.
How can you help me find a good broker?
The most important service we do for you is personalizing our recommendations. When you come to us, we consider everything – your needs, skill, budget, etc. and then form a list of what we think are the best brokers for you. And the best thing of all is that our consultations are completely free.
