At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this 4xCube broker review.
Established in 2018, 4xCube is a CFD and Forex brokerage that has been created as place where technology innovation, ultra low spreads, fast execution and an exceptional customer service can be aggregated, offering the very best opportunities to traders and investors alike. With over twenty years of experience across a range of financial markets, the management team understands the needs of traders. The brokerage is true STP with no dealing desk and accepts all type of trading strategies making it the perfect environment specially for those who seek low latency for algorithmic trading.
The company is regulated to international standards, is audited by BDO and is authorised and regulated by the FSC (Cook Islands).
At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this BCS Forex broker review.
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. Today BCS Forex takes consistent position among the largest Forex operators owing to the excellent services quality and high level of customer confidence.
To access trading, you need the Internet, an account with Forex broker and trading platform. Trading in Forex market takes place 24 hours a day, which ensures the continuity of foreign exchange transactions. Exchange trades are carried out every minute thus allowing you to earn money on the exchange rate difference.
|#||Broker's Features||BCS FOREX Availability||4XCUBE Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||✔|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||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 4xcube.
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 4xcube offers N/A.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. BCS Forex is Broker, while 4xcube is STP, ECN.
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 4xcube has a Minimum Deposit Requirement of N/A.
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 4xcube regulated by FSC. 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 4xcube offers EUR, USD, GBP, NGN account currencies.
Languages Available: Next lets have a look at each broker's different Language options. BCS Forex offers English, Russian, while 4xcube offers English, Portuguese, Spanish, Arabic, Chinese 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 4xcube offers N/A payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, BCS Forex makes MetaTrader 4, MetaTrader 5 available to clients, while 4xcube offers Metatrader4, Zulutrade.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, 4xcube is more reliable based on our criteria above. 4xcube has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. 4xcube offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. 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. 4xcube has a wider range of languages in which customer service is offered making the broker more accessible.
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.