BCS Forex Review 2024
Regulation:
  • SVGFSA

BCS Forex Review 2024

Updated:
Updated: October 06, 2023

3.93

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Regulation:
  • SVGFSA

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Summary of BCS Forex Trading Company

BCS Forex is a broker with higher-than-average risk and the TU Overall Score of 3.93 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. BCS Forex ranks 225 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

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.

“BCS Forex” company is not the IAFT’s partner and has therefore not been verified.

💰 Account currency: USD, EUR, RUB
🚀 Minimum deposit: 1 USD
⚖️ Leverage: 1:200
💱 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%

👍 Advantages of trading with BCS Forex:

  • 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.

👎 Disadvantages of BCS Forex:

  • 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.

Evaluation of the most influential parameters of BCS Forex

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

3.46

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

4.58

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

6.57

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

5.67

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

0.79

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.65

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.46

/10

Geographic Distribution of BCS Forex Traders

Popularity in

94.3%
RU
Russian Federation
8%
UA
Ukraine
3.2%
KZ
Kazakhstan
2.25%
US
United States
2.2%
GB
United Kingdom
2.05%
Others
Others

User Satisfaction i

6 comments
Total score:
2.7 /10

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Dustinor
1 year ago

BCS are scams, do not trade with this broker. They carry out fraudulent scams and deceive people. Money is not withdrawn according to the regulations. Support is not responding.

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JohnnyFag
1 year ago

Dishonest Broker! Unable to withdraw funds.

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StevenKi
2 years ago

We were interested in favorable trading conditions at BCS Forex, but did not immediately open an account for the reason that I did not find information on a valid license for the right to provide services in the financial markets on the broker's website. The site is awkward to navigate and I figured I just missed the information. But as I later found out, there is still no license. Nevertheless, after I learned more about the company, I still opened an account. BCS Forex has been on the market for more than 20 years, has the highest NRA trust rating and, according to reviews of real clients, fulfills its obligations in full. I work in Forex, although the broker provides access to other markets. For three months of cooperation, there were no reasons for complaints.

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Rid12345
3 years ago

Direct account at BCS Forex is simply disgusting. The MetaTrader 5 platform should fly, but it slows down. It is impossible to enter the market, it constantly displays messages like "no price" and "price has changed". Stop loss is triggered at least 5 points worse than the set level. Everything is just disgusting !!

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nemuritorul
3 years ago

People, this BCS Forex company is a real scam! As soon as you start earning, then you will immediately be delayed opening orders, and you open an order, and it may open in an hour. I have had this more than once. The terminal will freeze, and when it turns back on, you will see what you bought at the top and sold at the bottom.

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safrian
3 years ago

Some kind of incomprehensible site. Pages work every other time. The support service is freezing. This is a serious broker, right? Do not make me laugh!!!

Latest BCS Forex News

28.02.2023
​Brokerage company BCS informed its clients that now they can withdraw US dollars and euros purchased on MOEX from their accounts to Russian bank

Dynamics of BCS Forex’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs of BCS-Forex

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.

Important!

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.

Trading Conditions for BCS Forex Users

💻 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

Comparison of BCS Forex with other Brokers

BCS Forex RoboForex Eightcap Exness Gerchik&Co FxGlory
Trading
platform
No MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MetaTrader4, MetaTrader5 MT4, MobileTrading, MT5
Min deposit No $10 $100 $10 $100 $1
Leverage No From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:100
From 1:1
to 1:3000
Trust management No No No No Yes No
Accrual of % on the balance No No No No No 8.00%
Spread No From 0 points From 0 points From 1 point From 0 points From 2 points
Level of margin call
/ stop out
No 60%  /  40% 80%  /  50% No  /  60% 100%  /  50% 20%  /  10%
Execution of orders No Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Instant Execution, Market Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No No

Broker comparison table of trading instruments

BCS Forex RoboForex Eightcap Exness Gerchik&Co FxGlory
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes No
CFD Yes Yes Yes Yes Yes Yes
Indexes No Yes Yes Yes Yes No
Stock No Yes Yes Yes Yes No
ETF No Yes No No Yes No
Options No No No No No No

BCS Forex Commissions & Fees

Information
Traders Union analysts performed an analysis of the broker’s trading conditions. The company is highly transparent and does not use marketing trick to encourage clients to increase their trading volume. The fee schedule is clear with no hidden fees. Below is an example of spread on the EUR/USD pair for 1 standard lot.
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
BCS Forex $12 High
RoboForex $1 Low
IC Markets $1.5 Medium
Logo BCS Forex
$12
$1
$1.5

Contacts

Foundation date 2004
Registration address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Kingstown, Saint-Vincent and Grenadines
Regulation
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
BCS Forex Review BCS Forex Review

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FAQs

Do reviews by traders influence the BCS Forex rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about BCS Forex you need to go to the broker's profile.

How to leave a review about BCS Forex on the Traders Union website?

To leave a review about BCS Forex, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about BCS Forex on a non-Traders Union client?

Anyone can leave feedback about BCS Forex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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