Belight FX Review Can you trust Belight FX

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BelightFX review – Is belightcapitalgroup.com scam or good forex broker?

BelightFX is a forex and CFD broker based and regulated in Cyprus, and offering currency pairs, indices and commodities with a leverage of up to 1:30 and a web based trading platform. Here you may find some details about their regulatory status and trading conditions.

Account type Min. deposit Max. leverage Spread s
Standard Account n/a 1:30 n/a

BelightFX Advantages:

A CySEC regulated broker

BelightFX is owned and operated by Belight Capital Group Limited which is a Cyprus Investment Firm (CIF) regulated and supervised by the Cyprus Securities and Exchange Commission with CIF Licence number 364/18. See for your self:

CySEC, as the Cyprus Securities and Exchange Commission is more commonly known, ranks among the three most popular and respected financial watchdogs in the retail forex industry – the other two being the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).

A CySEC license means a broker will have to meet a set of strict financial and ethical requirements, among which to keep all clients’ money in a segregated, trust account, separated from the broker’s own account, to provide traders with a negative balance protection, which means that you can not lose more money, than you have deposited, and to maintain at all time a minimum operational capital of at least 730 000 EUR, which is comparable with the 1 000 000 AUD required by ASIC in Australia.

On top of that CySEC brokers are obliged to file regular reports, to allow external audits, to refrain from offering trading bonuses (which is a highly controversial practice), and to participate in the Investor Compensation Fund (ICF) for the clients of Cyprus Investment Firms (CIFs), which basically will insure your trading account for up to 20 000 EUR – if for some reason your broker is unable to pay you, you will get a compensation from the Compensation fund that will cover 20 000 of your funds. That it is surely yet another reason to check our list of brokers regulated in Cyprus:

According to the latest guidelines of the European Securities and Markets Authority (ESMA), introduced in August 2020, brokers can offer their retail customers in the EU leverage no higher than 1:30 with forex transactions and 1:20 with other CFDs. Back in May CySEC went even further and proposed various leverage caps for different retail client categories.

According to the CySEC proposal some retail investors will be met with harsher leverage restrictions than the ones introduced by ESMA, while others may see the restrictions somewhat relaxed.

And CySEC even proposed to prohibit the marketing, distribution and sale of leveraged CFDs on crypto assets to retail clients altogether, unless they fall within the upper tier of their positive target market. (According to the ESMA rules crypto CFDs can be leveraged no more than 1:2.

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For the present being however CySEC sticks to the original ESMA rules and that is also the leverage levels offered by BelightFX to retail clients.

Still, if you can prove that you have experience of a professional trader, you might be offered higher leverage. If you can not, however, you may also check our list of brokers, regulated in Australia – the last major regulatory hub, where leverage remains virtually unrestricted, after the leverage requirements were tightened not only in EU, but also in the U.S., Canada and Japan:

The fact that BelightFX is licensed and regulated by the Cyprus Securities and Exchange Commission makes them a reliable broker. Apart from that, however it is unfortunate that we are given so little information about their trading conditions, especially since no demo account is offered – a standard practice with most regulated brokers. Another minus is the absence of a well known trading platform like the MetaTrader4.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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UK Peptides Reviews

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Had a problem with the courier and found it difficult to contact seller over Christmas period. Suggested they set up auto emails to include opening times in future.

Item has now arrived and I’m happy. I’ll be buying again and I recommend this seller. Communication could be a bit better hence 4 stars instead of 5. Hard to find reliable source so if you’re reading this I would buy you’ll get your product as promised.

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Reply from UK Peptides
9 hours ago
Hi Pavel, as i explained when you made the payment to our old banking account we couldn’t locate this payment. When i contacted the bank they told me to ask you to provide an MT103 payment slip so they could locate this payment.

we had no response from you since the 16th of May 2020.

If you contact your bank and provide this we can move forward.

We have been in business for over seven years and we take thousands of orders per week including high profile customers. We are a legitimate business.

Best Regards
Ivan
___________________________
Dear Ivan

Especially since you claim to be 7years in the Business and are (or should be) a legitimate Business, i would have expected a better customer Service or at least a little Support. i have answered several times and explained that neither me nor the bank could do anything with your MTwhatever. Logically when the money has been transfered correctly by the sender (which was the case) , its up to the receiver to send back money which cannot be identified or ‘located’. You did not explain anything, there was no kind of Support and no help. I’m still checking with my bank, as they aswell do not know what to do with your ‘advice’ but its supposed to be more investigations which will cost me first. so great.

Review by MsMaria Saatsoglou 7 months ago

Review by Byronski 7 months ago

Review by Wilsie Traversi 7 months ago

I order some peptides for my gym rat,and here is my experience so far.

Ivan was great. he answer any e-mail i send to him with my questions about payment,shipping,purity etc.
About the stuff,i order Ipamorelin,IGF LR3 and CJC noDAC. the products came fast to my door,faster than i expect.
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I want to thanks Ivan for his patiend ,honestly i send him a lot of e-mails and my opinion is,UK Peptides is a good supplier with legit products for our pets.

Review by EndlessDelusion 7 months ago

Review by MRoss 7 months ago

Review by Grigoriy 8 months ago

I had to delete my previous review because UK peptides postedmy private information on their reply, this was my previous review and their reply:

all is fine until they do not manage to…
all is fine until they do not manage to deliver the order and then they do not care to help or try to solve their problem

replying to your reply: you have solved nothing with your emails, I have not received the product, and I have a lot of emails from you guys, all of them without solution.

Why would you post my phone number on a public forum also?

I replied to your last email as soon as I got it and never received a reply.

Check with DHL, parcel still stuck, you offer no solution, you can contact DHL and solve it.

For anyone reading this review, I have ordered from another company, and received the parcel within days.

Reply from UK Peptides
21 Aug 2020
The last email we sent you was,

I have spoken to DHL, they wanted your contact number which I give them 07””””””’ they said this is the number they had but couldn’t get in contact. I explained that we had contact through email which they are going to email you I also stated about the I also explained that you had rang them and they stated that they said you needed a licence number which you don’t have. For some reson, they thought it was a business address and I told them that you’re not a business owner so they are going to change that and contact you with arranging delivery.

There was no contact after that if you email us we would work at resolving your issue with DHL

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