- SVGFSA
BCS Forex Review 2024
- 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 |
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🚀 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
Geographic Distribution of BCS Forex Traders
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Dynamics of BCS Forex’s popularity among
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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.
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 |
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📊 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
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 |
Contacts
Foundation date | 2004 |
Registration address | Suite 305, Griffith Corporate Centre, P.O. Box 1510, Kingstown, Saint-Vincent and Grenadines |
Regulation |
SVGFSA Licence number: 1245 |
Official site | bcsmarkets.com |
Contacts |
Email:
support@bcsmarkets.com,
Phone: 8-800-500-10-70 |
Articles that may help you
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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