BCS Forex Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- SVGFSA
- 2004
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- SVGFSA
- 2004
Our Evaluation of BCS Forex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BCS Forex is a broker with higher-than-average risk and the TU Overall Score of 3.78 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BCS Forex clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The broker is for those who don’t trust foreign offshore platforms. Reliability of BCS-Forex is confirmed by a long-standing reputation of the BCS group of companies.
Brief Look at BCS Forex
“BCS Forex” company is not the IAFT’s partner and has therefore not been verified.
- The broker is a part of the BCS financial group, one of the largest companies in the stock and foreign exchange markets in Russia. The broker has physical offices and the license issued by the Federal Financial Markets Service.
- Best real-time quotes. Direct access to exchange liquidity.
- MT5 trading platform. Compared to MT4, the MT5 platform has a more advanced cloud-based strategy tester, market depth, several types of order execution and additional pending orders.
- No minimum deposit requirement.
- The broker is a tax agent. Withdrawals are automatically charged with personal income tax.
- only a resident of the Russian Federation can open an account.
BCS Forex Summary
| 💻 Trading platform: | MT4, MT5, Webtrader, Mobile platforms |
|---|---|
| 📊 Accounts: | GLOBAL, NDD, PRO, DIRECT |
| 💰 Account currency: | USD, EUR, RUB |
| 💵 Replenishment / Withdrawal: | Bank Transfer, Credit/Debit Card, БКС Онлайн, Альфа-клик, Qiwi, Yandex |
| 🚀 Minimum deposit: | 1 USD |
| ⚖️ Leverage: | 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.2 p |
| 🔧 Instruments: | Forex, Cryptocurrencies, Cfd |
| 💹 Margin Call / Stop Out: | GLOBAL- 100%/35%, NDD - 100%/50%, PRO - 100%/20%, DIRECT - 100%/20% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile platforms |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Exchange Execution, Market Execution, Instant Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | YES |
BCS Forex Key Parameters Evaluation
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Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| netting/no netting | from USD 12 | no |
Below you can compare the spread charged by the BCS-Forex broker with the spreads of other brokers. The EUR/USD pair was also used for the comparison.
| Broker | Average commission | Level |
|---|---|---|
|
$12 | |
|
$1 | |
|
$1.5 |
Investment Options
At the moment, the BCS-Forex broker does not have investment offers. However, you can use the services of BCS Mir Investitsiy, which is a part of the namesake group.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BCS-Forex Partnership program:
At the moment, the marketing policy of BCS-Forex does not include attracting new clients through partnership programs.
Comparison of BCS Forex with other Brokers
| BCS Forex | RoboForex | Exness | TeleTrade | Eightcap | XM Group | |
| Trading platform |
No | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, MT5 | MT4, MT5, MobileTrading, XM App |
| Min deposit | No | $10 | $10 | $10 | $100 | $5 |
| Leverage | No |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | No | From 0 points | From 1 point | From 0.8 points | From 0 points | From 0.6 points |
| Level of margin call / stop out |
No | 60% / 40% | No / 60% | 70% / 20% | 80% / 50% | 100% / 50% |
| Execution of orders | No | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | Yes |
User Satisfaction i