BCS Forex Review 2019 | Is BCS Forex a Scam or Legit Forex Broker?

Read our BCS Forex review to find out if BCS Forex is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.5/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features BCS FOREX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review BCS Forex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. BCS Forex offers Online Financial Trading and Investment Services Such as CFD (US Stocks, RU Stocks, Indexes, Energy), CRYPT.

Tradable Products: BCS Cyprus is a retail forex broker, offering trading in around 40 currency pairs, precious metals and some CFDs on the standard MetaTrader 4 platform.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. BCS Forex is Broker.

Features: BCS Forex allow you to execute a minimum of trade of varies. This may vary depending on the account you open. BCS Forex allow you to execute a maxium trade of varies. As BCS Forex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

Executing Trades:

BCS Forex allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. BCS Forex recommended minimum capital is $1.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. BCS Forex is regulated by N/A. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: The broker is a subject to Cyprus regulation CySEC (Cyprus Securities and Exchange Commission, license no. 048/04), works under EU Directive MiFID, credentialed by London Stock Exchange (LSE), stands under the regulation of Financial Services Authority (FSA, Great Britain).

Account currencies: Next lets consider the Account currencies each broker offers. BCS Forex offers USD, EUR, RUB different account currencies for each account types.

Account Openning: When opening a trading account with BCS Forex, you will need to sign up first. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on BCS Forex trading platforms on brokers site.

BCS Forex offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. BCS Forex offers English, Russian.

Payment methods: Next lets have a look at each broker's payment options. BCS Forex offers Plastic cards, Bank transfers, Electronic wallets different payment methods for each account types.

Deposit and withdrawal: BCS Forex offers different deposit and withdrawal methods. The deposit may be effected in US dollars, euro and Russian rubles, the minimal payment amount isn’t limited, commission is 1,5%. We also draw your attention that there is no commission for deposit/withdrawal through BKS Bank. The withdrawal may be ordered at any time, the broker has no limits for withdrawing sums. The procedure can be completed by bank transfer only, in dollars or euro, the order handling takes around 3 days.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, BCS Forex makes MT4, MT5 available to clients.

Web & Desktop Trading Platforms: BCS-Forex offers trading in the most popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Mobile Trading Platforms: BCS Forex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

Other

Trader Education
To trade effectively with BCS Forex, it's important to get a have a good understanding of the XTB trading tools and the markets. BCS Forex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Promotions
The broker offers a welcome bonus of 50 USD on the account. This bonus may be used both by new and current customers.

Support
BCS Forex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Recup
The Cyprus company Broker Credit Service, registered in 2004 offers a comprehensive range of services branded BCS Forex: investments, deposits, credit cards, Forex, trading etc. This is an effective broker housing within BCS Financial Group (including also BCS Bank, BCS Prime (London), BCS (Broker).

Final Thoughts
MetaTrader enthusiasts choose Admiral Markets for its reliable customer service, a diverse offering of tradeable instruments, and advanced MetaTrader features, including active trader tools via the Supreme add-on and market research via Premium Analytics.

Trading Experience
BCS Forex has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds. BCS Forex have an international presence in multiple countries. This includes local BCS Forex seminars and training.

People Also Asked

Is BCS Forex regulated?
Yes, BCS Forex is regulated by top-tier regulators, N/A inclusive.
Where is BCS Forex based?
BCS Forex is based in Saint-Vincent and Grenadines
How does BCS Forex make money?
BCS Forex charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in BCS Forex account?
With BCS Forex you can deposit money via the following means; Bank transfer VISA, MasterCard, QIWI, Yandex Money, moneta.ru, Alfa-click, BKS Online, Sberbank Onli.
How do I withdrawal in BCS Forex account?
BCS Forex lets you request a withdrawal of funds from your account via the following means; Bank transfer VISA, MasterCard, QIWI, Yandex Money.
What is the minimum deposit for BCS Forex?
BCS Forex has $1 minimum deposit.
What are the available account base currencies with BCS Forex?
BCS Forex trading accounts are offered in USD, EUR, RUB. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in BCS Forex?
BCS Forex has a maximum leverage is 1:200 for professional traders.
How do I open an account with BCS Forex?
Opening an account with BCS Forex is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does BCS Forex use MetaTrader?
BCS Forex platforms: Yes, BCS Forex use MetaTrader as well as the following platforms: MT4, MT5
What type of broker is BCS Forex?
BCS Forex appears to be a Broker broker which offers market access to a variety of traders.
Does BCS Forex accept US clients?
No
Does BCS Forex offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with BCS Forex: You can trade a wide variety of instruments with BCS Forex: CFD (US Stocks, RU Stocks, Indexes, Energy), CRYPT

Are you Satisfied with what They Offer?