Compare forex brokers BCS Forex VS 24option

If you're choosing between BCS Forex and 24option forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is BCS Forex better than 24option? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

BCS FOREX VS 24OPTION

24option
24option Overview

24option is an online Forex and CFD broker that operates from Cyprus and Belize. It offers forex, commodities, stocks and indices for trading on its platforms. It is a regulated brand.

BCS Forex
BCS Forex Overview

BCS Forex was founded in December of 2004. The project presumed wide range of professional services to provide access to online trading in the international Forex market. BCS Forex clients have access to trading with the most marketable financial instruments (currencies, stock assets and indices) using a single trading account.

# Broker's Features BCS FOREX Availability 24OPTION 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 compare BCS Forex vs 24option.

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, while 24option offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. BCS Forex is Broker, while 24option is Market Maker, STP.

Minimum Deposit Requirement: To compare these two FX brokers, 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 N/A, while 24option has a Minimum Deposit Requirement of .

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, while 24option regulated by CySEC, IFSC. 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.

Account currencies: Next lets consider the Account currencies each broker offers. BCS Forex offers USD, EUR, RUB different account currencies for each account types, while 24option offers USD, EUR, GBP account currencies.

Languages Available: Next lets have a look at each broker's different Language options. BCS Forex offers English, Russian, while 24option offers English Customer Support Languages.

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, while 24option offers Credit/Debit Cards, Moneybookers, Neteller, QIWI, Skrill payment methods.

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, while 24option offers MT4.

The Verdict: BCS Forex or 24option?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, BCS Forex is more reliable based on our criteria above. BCS Forex offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. BCS Forex has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. BCS Forex broker offers lower minimum deposit requirement.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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