Compare forex brokers BCS Forex VS Instaforex

If you're choosing between BCS Forex and Instaforex 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 Instaforex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

BCS FOREX VS INSTAFOREX

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.

InstaForex
InstaForex Overview

InstaForex is an online forex broker that offers “instant forex trading” and online trading services to its customers worldwide. According to its website, the relatively new company has been in business since 2007, and it also claims that 300 new traders open accounts with them every day.

# Broker's Features BCS FOREX Availability INSTAFOREX 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 Instaforex.

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 Instaforex offers Currencies.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. BCS Forex is Broker, while Instaforex is No dealing desk.

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 Instaforex 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 Instaforex regulated by BVI. 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 Instaforex offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. BCS Forex offers English, Russian, while Instaforex offers Arabic, Azerbaijani, Chinese, Farsi, French, Georg 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 Instaforex offers Credit/Debit Cards, Liberty Reserve, Moneybookers, PerfectMoney 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 Instaforex offers MT4, MT5.

The Verdict: BCS Forex or Instaforex?

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 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. 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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