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BCS Forex Trading Signals - TU Expert review

Updated: December 10, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Full BCS Forex
overview
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BCS Forex Fees and Minimum Deposit

Table of Contents

  • Intro
  • Short introduction
  • Pros and cons
  • What are trading signals?
  • BCS Forex Trading Signals
  • Conclusions
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of BCS Forex trading signals. You will learn what kinds of trading signals BCS Forex offers and what the conditions for using them are.

Short introduction of BCS Forex

“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%

BCS Forex Pros and Cons

👍 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.

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

  • Copy trading.

  • Email alerts.

  • Signals through a blog on the website.

  • Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

BCS Forex Trading Signals

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

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that BCS Forex does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

See related articles in our selection:

FAQs

How do I choose a signal provider?

Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.

Can trading signals depend on the account type?

Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.

How are the signals provided via a newsletter?

A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

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