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.
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 MultiBank broker review.
MultiBank Group is one of the leading Forex & CFD brokers worldwide. Founded in the USA in 2005, MultiBank was one of the first in the foreign exchange industry to launch a fully transparent electronic Forex and Financial Derivatives Exchange. Since its inception, MultiBank has evolved into one of the largest online financial derivatives providers.
Combining prime liquidity, cutting edge technology and first-class customer service, MultiBank delivers advanced trading platforms and tight pricing in online ï¬nancial products, including forex, metals, shares, indices, commodities and cryptocurrencies CFDs. MultiBank Group boasts a daily trading volume in excess of US$ 6.2 billion and provides services to an extensive client-base of over 320,000 customers from across 90 countries worldwide.
|#||Broker's Features||MULTIBANK Availability||BCS FOREX 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 MultiBank 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. MultiBank offers Online Financial Trading and Investment Services Such as Forex, Metals, Shares, Indices, Commodities, 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. MultiBank is ECN Broker, 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. MultiBank recommended minimum capital is 50, 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. MultiBank is regulated by ASIC, BaFin, FMA, CNMV, FSC, CIMA, RAK, 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. MultiBank offers USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD 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. MultiBank offers English, Spanish, Italian, French, German, Portugu, while Bcs Forex offers English, Russian Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. MultiBank offers Credit card, bank wire, Skrill, Neteller, Pay Trus 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, MultiBank makes MT4: ECN Pro, MultiBank Pro, Maximus; MT5; WebTrad available to clients, while Bcs Forex offers MetaTrader 4, MetaTrader 5.