Compare forex brokers BCS Forex VS Legacyfx

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

BCS FOREX VS LEGACYFX

BCS Forex
BCS Forex Overview

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.

LegacyFX
LegacyFX Overview

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 LegacyFX broker review.

LegacyFX has been providing brokerage services since 2017. The MiFID-compliant broker is regulated by CySEC and the National Bank of the Republic of Belarus. Originally founded in 2012, LegacyFX rebranded and relaunched its services under new management in 2017. Presently, LegacyFX is owned and operated by “A.N. All New Investments Ltd”, a financial investment firm, based in Larnaca, Cyprus. The brand provides currency pairs, metals, commodities, stocks and indices for trading on its platform across multiple devices.

# Broker's Features BCS FOREX Availability LEGACYFX 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 Legacyfx.

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 Legacyfx offers Forex, CFDs on Indices, Commodities, Metals, Crypt.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. BCS Forex is Broker, while Legacyfx is 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 Legacyfx has a Minimum Deposit Requirement of 500.

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 Legacyfx regulated by CySEC, BaFin, FCA. 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 Legacyfx offers UDS, EUR, GBP account currencies.

Languages Available: Next lets have a look at each broker's different Language options. BCS Forex offers English, Russian, while Legacyfx offers English, Spanish, Italian, German 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 Legacyfx offers E-wallets (Neteller, Skrill and more), wire transf 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 Legacyfx offers MetaTrader5.

The Verdict: BCS Forex or Legacyfx?

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

Objectively, Legacyfx is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Legacyfx broker is regulated in more major hubs. 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. Legacyfx 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.