Bell Capitals Limited review 2023: 5 things you should know about bellcapitals.com

Beware! Bell Capitals Limited is an offshore broker! Your investment may be at risk.

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Bell Capitals Limited is an offshore broker with no legit forex license or any credibility at all. Don’t risk dealing with it, as the possibility of getting scammed is actually huge. This broker offers some quite tricky payment methods, as well as insecure leverage and unfavorable trading conditions as a whole. But probably the main reason to avoid this shady broker is the fact that it doesn’t offer any trading platform at all. If you want to learn more on Bell Capitals Limited, keep reading the full review.

Bell Capitals Limited Regulation and safety of funds

According to the website, Bell Capitals Limited is registered in Mauritius – you can spot an address and some contact details. This broker however doesn’t mention if it’s regulated by the local Financial Services Authority (FSA) and that’s the first red flag.

After we searched the registers of the FSA of Mauritius it became crystal clear that Bell Capitals Limited is not licensed therefore it offers financial services outside the law. What’s more this firm’s operations are obviously not supervised by any watchdog, thus making this broker especially dangerous. It’s true that the offshore regulation of Mauritius is rather flawed and brings lower client protection, but it’s still better than nothing. That’s why it’s a shame that this broker couldn’t manage to be granted a license at least there.

Another worrisome fact is that there are no legal documents on this website – no Terms and Conditions, nor a Privacy Policy or whatsoever.

Don’t trust such shady brokers or you can get ripped off before you know it. And just in case, look for firms that are authorized by prominent and strict jurisdictions like for example the Financial Conduct Authority (FCA) of the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).

Bell Capitals Limited Trading software

Bell Capitals Limited claims to offer the well-known MetaTrader 5. After we registered however there was no Web Terminal available. The only option we had was to download the software either on desktop or mobile. The problem is that this broker doesn’t actually provide its own trading platform. What you can download is in fact just a demo version of MT5 that isn’t offered by any firm in particular. See for yourself:

As you can see, there is no data about the trading conditions this broker offers, exactly because it is not connected with this software in any way.

This is typical for scammers, so definitely avoid dealing with Bell Capitals Limited. There are much better options anyway – most reputable brokers tend to offer MT4 or MT5 alongside a safe and transparent trading environment.

Bell Capitals Limited Trading instruments

Bell Capitals Limited claims to offer more than 150 trading instruments, including forex, metals, CFDs, indexes, stocks and crypto. But that can be seen with every other legitimate broker as well, if not even a larger range of assets. There’s definitely no reason to invest here.

Bell Capitals Limited Spreads and cost of trading

This broker claims to offer several account types among which are the Standard, ECN and Islamic accounts. Take a look:

As you can see, the spreads are not favorable at all. The lowest one is 1.8 pips which is just on the borderline of being costly. What to say about the rest of them – floating spreads with 2.5 USD commission are definitely not in your interest, as they will come with high trading costs as well. Anyway, none of these volumes is advantageous for you, so keep away from this broker. Not to mention that most genuine firms usually offer tight spreads around or below 1 pip anyway.

Bell Capitals Limited Maximum leverage

The maximum leverage this broker offers is said to be 1:1000 and that’s ridiculous for a couple of reasons. First of all, this amount is so risky, that you can lose your whole investment in the blink of an eye. Moreover, the leverage is being restricted in many countries exactly because of the risk of sudden failure – for instance 1:30 for the UK and the EU and 1:50 for the US. Apart from that the leverage for the rest of the accounts is also quite speculative, so better don’t waste your time here.

Bell Capitals Limited Deposit and withdrawal methods

Bell Capitals Limited claims to accept a variety of payment methods like bank transfer, Skrill, Neteller, Visa, Perfect Money, Bitcoin and Tether. After we registered there were three options available however they happened to be quite tricky. Take a look at them first:

As you see, there is a bank transfer, crypto transactions and deposits via UPI – a mobile payment application for money transfer. Note however that UPI can be used mainly in India plus several other countries like Singapore, US and Saudi Arabia for instance.

On the other hand, crypto payments are also unfavorable, as they happen to be completely anonymous and irreversible thus leaving you no chance to retrieve your money.

All in all, we don’t recommend investing even a red cent here, as these payments are either insecure or inconvenient.

Bell Capitals Limited Minimum deposit

The minimum deposit with this broker is 50 USD, which is fine in general. However don’t forget that Bell Capitals Limited is absolutely unlawful so better don’t risk getting deceived. On top of that, there are a lot of reputable brokers who offer even lower minimum deposits like for example 10 or even 5 USD.

Bell Capitals Limited Withdrawal requirements

As we already mentioned, there are no legal documents on this site, including a Withdrawal Policy. This broker also doesn’t mention anything about its withdrawal requirements, so we are unsure if there are going to be some fees or a minimum withdrawal amount. But from our experience we can say this – it’s quite possible to stumble across some high fees upon every withdrawal request plus a trading volume requirement that is almost impossible to achieve.

We strongly advise you to refrain from investing here for your own good!