Belarta Review by professional crypto currency trading experts the “ForexSQ” FX trading team, Everything you need to know about the broker is in this Belarta Review.
Belarta is a regulated broker, which provides access to a plethora of financial markets. We will take a closer look at their forex offering and only briefly mention the rest of the assets. There is a very good reason for that, so stay with us.
Regulated by CySEC
Belarta is regulated by the Cyprus Securities and Exchange Commission (CySEC). This makes them a reputable broker, as the local authorities impose strict rules on their operation. On top of that, the country is part of the EU, which means the common MIFID regulation is applied.
STP stands for Straight Through Processing. This means this broker provides access to the markets while only being an intermediary. In essence the company only makes profit on clients’ trading volumes (via a built-in commission). The opposite of that is a Market Maker – a broker which also bets against its traders and has a conflict of interest built in its model.
The target spread on most pairs is 1.5 pips, which is within the current industry averages. While testing the demo platform, the EUR/USD spread was slightly under the target, which is nice. In order to compare the spreads provided by some of the best in the business.
A lot of instruments
As we mentioned in the beginning, Belarta offers a lot of assets. There are 72 forex pairs, thousands of stocks, options, bonds and even 15 cryptocurrencies. This is impressive by any standard.
Very high minimum deposit
We would like to mention this is the beginning of the negatives section, as this will probably limit most readers. The actual initial investment at Belarta has to be above €10,000. Nowadays a lot of brokers have started accepting much smaller clients. For instance the British industry leaders at IG accept new traders regardless of their deposit.
Non-intuitive trading platform
The platform offered by Belarta is a bit complicated. It took us 10-15 minutes to get around the basics and even now we are not certain we know everything there is to know about EXANTE. Some may find this attractive, but at the end of the day there are more streamlined solutions, like MetaTrader4.
Leverage is limited to 1:20
Experienced forex traders will tell you not to misuse leverage, as it can be detrimental to your success. That being said, this broker has set the cap at 1:20, which may not satisfy everybody. At the same time other brokerages go out of their way to offer insane levels. We believe moderation is the way to approach the topic.
Little information on the other assets
While we mentioned stocks, options (the exchange traded ones), bonds and even cryptocurrencies are supported at Belarta, the company does not give any specifics on the topic. The costs of trading are not clear, neither is the fact if this is done via CFDs, The latter is especially important when it comes to crypto.
Payments only via Bank Transfers
This may see, understandable, given the high minimum deposit level. Still, the lack of support for instant payment methods, such as credit cards, e-wallets (like Skrill and Neteller) or even Bitcoin.
Belarta is a CySEC regulated STP broker, which gives access to many markets. As we pointed out above their offer for the non-fx ones is not clearly presented. The company apparently tries to position itself as more of a boutique brokerage, with a very high minimum deposit requirement and low leverage. The trading platform is also unique and you will either love it or hate it.
Whether or not this broker is right for you will depend on your risk capital and trading experience. That being said we must underline the main selling point of Belarta again. They are overseen by The Cyprus Securities and Exchange Commission (CySEC). This is a very reputable watchdog, which has some of the most stringent rules in place.
The two most important ones, at least when it comes to the security of your investment are account segregation and the compensation scheme. The former means your broker can’t simply take your money and run – the funds are kept in a special bank account, with dedicated rules. The compensation scheme offers protection in case your trading partner goes bankrupt. In case this happens, you claim your full account value, up to €20.000.
Belarta Review Conclusion
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