Compare forex brokers LegacyFX VS Bcs Forex

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

LEGACYFX VS BCS FOREX

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 LEGACYFX Availability 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 compare LegacyFX vs 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. LegacyFX offers Online Financial Trading and Investment Services Such as Forex, CFDs on Indices, Commodities, Metals, Crypt, while Bcs Forex offers CFD (US Stocks, RU Stocks, Indexes, Energy), CRYPT.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. LegacyFX is STP, while Bcs Forex is Broker.

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. LegacyFX recommended minimum capital is 500, while Bcs Forex 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. LegacyFX is regulated by CySEC, BaFin, FCA, while Bcs Forex 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.

Account currencies: Next lets consider the Account currencies each broker offers. LegacyFX offers UDS, EUR, GBP different account currencies for each account types, while Bcs Forex offers USD, EUR, RUB account currencies.

Languages Available: Next lets have a look at each broker's different Language options. LegacyFX offers English, Spanish, Italian, German, while Bcs Forex offers English, Russian Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. LegacyFX offers E-wallets (Neteller, Skrill and more), wire transf different payment methods for each account types, while Bcs Forex offers Plastic cards, Bank transfers, Electronic wallets payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, LegacyFX makes MetaTrader5 available to clients, while Bcs Forex offers MetaTrader 4, MetaTrader 5.

The Verdict: LegacyFX or Bcs Forex?

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.