BCS Forex Review for 2019

BCS Forex Rated 3/5
BCS Forex have a low rating. We recommend you look at one of their alternative brokers.
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BCS Forex Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of BCS Forex we break down the pros and cons. What BCS Forex are able to offer, what countries BCS Forex are available in. Who BCS Forex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with BCS Forex

  • Regulated by: Cyprus Securities and exchange Commission
  • Headquarters Country : Cyprus
  • Foundation year 2016
  • Min Deposit Fee : varies
  • Used by over 10,000 traders
  • BCS Forex is not available in the following countries :
Open BCS Forex's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to BCS Forex

With this review we hope to help you see if BCS Forex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding BCS Forex that will help you get off to a good start in the world of online trading.

BCS Forex Review Table of Contents

BCS Forex what you should know

BCS Forex offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, .

With BCS Forex you will need a minimum deposit of $varies. You can sign up for a demo account to acquaint yourself with BCS Forex platform.

BCS Forex are able to accommodate various levels of traders whether you are experienced or a beginner.


Are BCS Forex safe?

When choosing a broker like BCS Forex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2016, and in operation for 3 years BCS Forex have a head office in Cyprus.

BCS Forex is regulated. This means BCS Forex are supervised by and is checked for conduct by the Cyprus Securities and exchange Commission regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to BCS Forex, this will be honored. If BCS Forex violate any regulatory rules their regulated status could be stripped.

Any payments funded to BCS Forex accounts by traders are held in a segregated bank account.

For added security BCS Forex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with BCS Forex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit BCS Forex

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like about BCS Forex

  • Used by over 10,000 traders
  • Established in 2016
  • Regulated by Cyprus Securities and exchange Commission
  • Min. deposit from $varies

What we don't like about BCS Forex

BCS Forex General Fees

  • BCS Forex withdrawal fees varies on payment method
  • BCS Forex does charge inactivity fees

BCS Forex Commissions

  • BCS Forex does charge commission on CFD shares.

What can you trade with BCS Forex?

You can trade a wide variety of instruments with BCS Forex over 46 instruments infact.

If you are looking at trading currency pairs BCS Forex offer over currency pairs.

Compare BCS Forex with eToro and XTB below.

Your capital is at risk

FX / Currencies bcsforex eToro XTB
Forex pairs offered 50 50
Major forex pairs Yes Yes Yes
Minor forex pairs No Yes Yes
Exotic forex pairs No Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs BCS Forex eToro XTB
Commodities offered 0 21
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs BCS Forex eToro XTB
Stocks offered 957 1696
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
bcsforex
Instruments
eToro
Instruments
XTB
Instruments

Trading on BCS Forex web platforms and other applications

BCS Forex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

BCS Forex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See bcsforex's platforms

BCS Forex Trading benefits :

  • Allows scalping
  • Offers STP
  • Low min deposit

BCS Forex Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account

Can I try BCS Forex before I buy?

BCS Forex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do BCS Forex accept?

BCS Forex offer the below funding payment methods. learn more about BCS Forex

  • Credit cards

How can I start trading with BCS Forex?

When opening a trading account with BCS Forex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on BCS Forex trading platforms here.

Performing trades with BCS Forex

BCS Forex allow you to execute a minimum of trade of varies. This may vary depending on the account you open. BCS Forex allow you to execute a maxium trade of varies. As BCS Forex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at BCS Forex

To trade effectively with BCS Forex, it's important to get a have a good understanding of the XTB trading tools and the markets.

BCS Forex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with BCS Forex.

Take time to look around the BCS Forex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at BCS Forex

BCS Forex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with BCS Forex

As BCS Forex is regulated by Cyprus Securities and exchange Commission, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore BCS Forex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with BCS Forex you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://forex-bcs.com/ on 12th August 2018.

BCS Forex not quite right?

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Related BCS Forex Comparisons

If you would like to see how BCS Forex stands up against other brokers you can read some of our BCS Forex comparisons below. We compare side by side some of our top rated BCS Forex versus comparisons. Read some indepth BCS Forex VS pages below.

BCS FOREX Frequently Asked Questions

Can I try BCS Forex before I buy?

BCS Forex offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do BCS Forex accept?

BCS Forex offer the following funding payment methods accept Credit cards, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with BCS Forex?

When opening a trading account with BCS Forex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on BCS Forex trading platforms here.

Is my money safe with BCS Forex?

BCS Forex is regulated by Cyprus Securities and exchange Commission. One of the most important criteria for traders when choosing a broker like BCS Forex is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to BCS Forex, this will be honored. If they violate any regulatory rules their regulated status can be stripped.