To find out if BCS Forex is a trusted and reliable online trading brokerage, follow along in our in-depth review below and discover all aspects that make up BCS Forex and decide for yourself if they can be trusted and if they are the right online trading brokerage for you. BCS Forex features not one, but two highly sophisticated and advanced trading platforms that are world renowned and loved by traders everywhere, the MetaTrader 4 MT4 and MetaTrader 5 MT5 trading platforms.
These two platforms accommodate the needs of all types of traders and experience levels and are basically the same. However, the MT5 trading platform is better and more suitable for trading a wide variety of financial assets, while the MT4 trading platform is better suited to trading primarily forex currency pairs. Both trading platforms feature a highly advanced charting package that comes complete with numerous built-in technical indicators, drawing and analysis tools, chart types, and time frames.
As well, traders can trade directly from the charts with one-click trading for a fast and seamless trading experience. Another unique feature to the MetaTrader platforms is the ability to conduct automated trading thanks to the platforms unique MQL4 and MQL5 programming languages that allow for the implementation of Expert Advisors EAs that facilitate automated algorithmic trading.
All in all, these two trading platforms are some of the best trading platforms a trader or investor can use for participating in the financial markets. BCS Forex offers their clients access to the most liquid and lucrative financial markets that include tradeable instruments such as currencies, raw materials, and Russian and foreign stock assets. In total, traders can trade and invest in over financial instruments. While this is a substantial number of assets, the primary asset class traded at BCS Forex is forex foreign exchange market.
Traders have access to numerous forex currency pairs including majors, minors and exotics. All in all, the extent of tradeable financial assets offered by BCS Forex is more than sufficient. The fees and commissions imposed on traders at BCS Forex vary between tradeable assets and are dependent on the type of trading account the trader uses.
Internal transfers are free. Processing times also vary. E-wallets and internal transfers are instant, card payments take 1 to 3 days, and bank transfers take 2 to 3 working days. Note that internal transfers between accounts are only possible within one trading platform MT4 or MT5 , not between both.
BCS Forex offers a demo account where beginners can test and learn various trading strategies. A demo account can be opened once you sign up for a Personal Account on the website. Users are free to choose between MT4 or MT5 but will need to specify some parameters upon sign-up, such as leverage and currency. Active and wealthy clients on BCS Forex can earn Tripcoins to spend on travel privileges such as flights and hotels.
Leverage limits remain the same across all four options at and the minimum position size is 0. The main differences between the accounts are; the instruments traded, the spreads offered, the execution type, and additional features, such as demo account availability. The Pro and Direct accounts both offer demo accounts and would be the preferred choice for beginners. Trading hours vary depending on the market and account type.
These are laid out on the Contract Specifications page. There is no telephone number, however, they can be contacted via email at support bcsmarkets. There is also an online chat service that can be accessed on the right-hand side of the webpage. Upon testing the service, responses were received within a few minutes. Box , Kingstown, Saint-Vincent and the Grenadines.
With years of experience, particularly in the Russian market, BCS Forex has a competitive offering for both beginners and experts. The broker offers a range of accounts, two of the most popular platforms, and a decent suite of education resources. Our only concern is the questionable regulatory status. This list of brokers like BCS Forex is in order of similarity and only includes companies that accept traders from your location.
Leverage limits and minimum deposits are the same across all accounts. The differences predominantly lie in the instruments traded and demo account availability. The Pro and Direct accounts are the preferred options for beginners. To open a trading account, you will need to first register for a Personal Account PA on the website. From within the PA portal, you will then be able to select which account you wish to open.
The minimum trade size is 0.
Rating of companies. Discussed companies. Last comments. Features We will understand the main nuances of cooperation: A variety of financial instruments include currency pairs, CFD assets of domestic and foreign nature, trade in metals and liabilities of the Russian Federation and the USA. High quality analytics support. Free trading signals, daily analytics and our own information resource are supported.
The ability to work in comfort. Each client receives a personal adviser, replenishes an account or withdraws funds for free, learns from experts, receives consultations, uses various trading systems and can work from a mobile application. The safety of funds is provided by ICF, a deposit insurance company up to 20, euros. More than trading instruments are supported, while the minimum spread value is 0.
Transactions are executed within the stock market. You can only use the MT5 platform. NDD - support for market execution of orders. The Market Execution system is supported, which allows implementing a contract at the best price of a liquid asset provider. Transactions take place quickly, and the spread value is minimal. In addition to MT5, MT4 can be used. Pro is the choice for those who like a fixed spread value.
You can trade with classical methods on MT4 bases. Domestic and foreign assets are supported, whose number exceeds the mark of offers. Currencies quotes and spreads always have a fixed value. The spread value is from 0. The broker provides more than a hundred trading instruments and a leverage of 1: The use of a platform like MT5 is supported.
Internet system Alpha Click 2. QIWI and Yandex e-wallets. No requirements for minimum deposit; 3. Multiple ways to deposit trade accounts; 4. Deposits and withdrawals with no fees; 5. Minimum trade amount from 0. Leverage from to High-quality analytics is one of the benefits offered at BCS Forex.
A unique analytical service that unites all the most popular types of analysis: market reviews, up-to-date forecasts, trading signals and the opinions of market experts, as well as many other useful analytical materials that can be accessed directly from Trader's personal account. The service offers a full range of analytical tools for both: professional traders and the newbies.
Trading signals. Make use of trading signals from professional analysts. A weekly video review provides you with various market scenarios for the upcoming trading week Economic calendar. See all relevant news with detailed explanations. The economic calendar will become an ultimate help tool in your trading. Chat with an expert. Consult with experts in real time. Ask a question and get the full and complete reply about financial market situation.
Choose a trading system that suits your needs and subscribe in a few clicks. All accounts are provided with detailed statistics and trade history. Sell your system trading signals to the thousands of subscribers around the world and remain its sole developer. Your profit-generating trade strategy can bring you income even with minimal investment.
The service is available for all account types as it is integrated into MetaTrader platform. No fees or hidden costs. No extra fees or any kind of hidden costs. You only pay a fixed subscription price that is defined by your trader. Fast data transfer. Data transfer happens within a second as far as both suppliers and their subscribers trade on BCS Forex servers.
Common rules for all. Our trading account applies the same rules of funds management that are applied to the account from which the trades are copied. The deposits difference is considered automatically. In order to have a full range of trade instruments available, we offer several trade terminals to work with: MetaTrader 4 and MetaTrader 5.
All you need is a stable internet connection to make trades. These platforms are available on desktop and mobile applications. BCS Forex announces the availability of tools such as major currency pairs, crypto, indices, stocks etc. BCS Forex guarantees prompt technical support to all clients. You can always reach us by phone, email and via the support system in your account. We highly recommend you to keep track of company news as we run contests and special campaigns.
Program participants have a unique opportunity to collect points and spend them on various activities like trips or services of a personal manager. You can also use them to trade on the most favorable conditions. BCS Forex is an ideal partner for experienced traders who work on financial markets on a loop.
We recommend that you study review from independent traders about their work with BCS Forex and you are always welcomed to leave your feedback about the company. Advantages: A wide range of assets High level of security and compensation in case the company is recognized as illiquid High technical level of the author's platform.
Disadvantages: Despite the impressive amount of information, there is no data on the official website about the minimum amount of start-up capital, transaction speed. Comment: Regarding the stability of the platform, the range of trading instruments, everything is fine, if not for the delays in the withdrawal of funds, which periodically occur.
I don't know, maybe it's just me who has such a problem… Support says it's my bank. But I tried to withdraw to the cards of different banks — it's like this everywhere. Advantages: More than trading instruments Multi-market accounts - access to trading instruments on any financial markets Trading without restrictions Technical perfection — average transaction execution speed of 0.
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