Company Summary
| Belfrics Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Malaysia |
| Regulation | Labuan Financial Services Authority (LFSA), Malaysia, License Type: Straight Through Processing (STP) |
| Market Instruments | Cryptocurrencies (25 different coins available) |
| Demo Account | ❌ |
| Leverage | Not mentioned |
| Spread | Not mentioned |
| Trading Platform | Belfrics App (iOS, Android) |
| Min Deposit | Not mentioned |
| Customer Support | Phone: +60-8744-3733 |
| Email: info@belfrics.com, support@belfrics.com | |
Belfrics Information
Based in Malaysia and governed under Labuan Financial Services Authority (LFSA), Belfrics is a bitcoin exchange. Accessible via a mobile app for both iOS and Android users, it provides crypto trading using a choice of 25 cryptocurrencies.
Pros and Cons
| Pros | Cons |
| Regulated by LFSA in Malaysia | No demo account available |
| Supports mobile trading on multiple devices | Limited to cryptocurrency trading |
| Clear fee structure for deposits and withdrawals |
Is Belfrics Legit?
Yes, Belfrics is regulated. The Labuan Financial Services Authority (Labuan FSA) in Malaysia regulates it. Belfrics International Limited has a Labuan FSA Straight Through Processing (STP) licence to provide transparent, regulated financial services. However, the licence number is “Unreleased.”
What Can I Trade on Belfrics?
Belfrics focuses in trading cryptocurrencies. It gives consumers access to trade 25 cryptocurrencies and lets them purchase and sell cryptocurrencies immediately using USD.
| Tradable Instruments | Supported |
| Forex | ❌ |
| Commodities | ❌ |
| Crypto | ✔ |
| CFD | ❌ |
| Indexes | ❌ |
| Stock | ❌ |
| ETF | ❌ |
Belfrics Fees
Belfrics' crypto-to-crypto taker fee of 1.00% is higher than industry average. Standard withdrawal fees for major cryptocurrencies differ by token on the platform.
Spread & Transaction Fees
Crypto-to-Crypto Trading Fees:
Maker Fee: 0.50%
Taker Fee: 1.00%
Crypto-to-Fiat Trading Fees: Not mentioned, indicating it might not be available or applicable currently on Belfrics.
Non-Trading Fees
| Non-trading Fees | |
| Deposit Fee (Fiat) | Free (bank charges may apply) |
| Deposit Fee (Crypto) | Free |
| Withdrawal Fee (Fiat) | Free (bank TT charges apply) |
| Withdrawal Fee (Crypto) | Varies by cryptocurrency, as detailed below |
| Inactivity Fee | Not mentioned |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Belfrics App | ✔ | iOS (App Store), Android (Play Store) | Traders focused on mobile cryptocurrency trading |
Deposit and Withdrawal
For deposits—in cash or bitcoin—Belfrics does not levy fees. For fiat deposits, consumers could be charged banks fees, nevertheless.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Fiat Currency | Not mentioned | None (bank charges may apply) | Monday to Friday, twice daily (11:00 AM and 3:00 PM) |
| Cryptocurrency | Not mentioned | None | Upon blockchain confirmation |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Fiat Currency | Not mentioned | None (bank TT charges apply) | Monday to Friday, once daily at 11:30 AM |
| Cryptocurrency | Varies by token | Varies by token (e.g., 0.0008 BTC for BTC) | Four times daily (1 AM, 11 AM, 4 PM, and 8 PM GMT) upon blockchain confirmation |
