BCS Forex review
BCS Forex is a Multi-Assets Trading Platform with over 46+ Assets
BCS Forex is a multi asset platform with 46+ tradable Assets.
Assets available on BCS Forex include Forex trading, CFD trading, Spread Betting, Social trading, .
BCS Forex trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, are considered financial assets.
Features of BCS Forex
- Virtual Portfolio, or what is commonly known as a Demo Account
- Social Trading available
- Copy Trading available
- BCS Forex offers Advanced Financial Chart comparison tools
- BCS Forex offers Research-backed analysis on financial markets and investments from top analysts
- The BCS Forex platform is available to use on multiple devices including and online through a Web Browser.
- BCS Forex offers a trading platform with tools for both New Traders and Seasoned Experts
- BCS Forex users benefit from using the BCS Forex platform in over 15 different languages
BCS Forex review
What you should know
BCS Forex offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, . The assets and products available to you on the BCS Forex trading platform depends on the region of the world, you are in and the BCS Forex entity you have an account.
With BCS Forex you will need a minimum deposit of $100. 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 considering BCS Forex for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as BCS Forex, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2016, and in operation for 8 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 (CySEC) regulatory bodies.
BCS Forex withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like BCS Forex are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. BCS Forex are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of BCS Forex and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. BCS Forex has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, BCS Forex will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like BCS Forex, you can enjoy peace of mind and focus on your trading activities. If BCS Forex violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with BCS Forex?
All payments made to BCS Forex by traders are securely held in a segregated bank account.
BCS Forex uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should BCS Forex use them?
BCS Forex partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their BCS Forex clients' funds.
BCS Forex clients can have greater confidence in their financial security when working with a Tier 1 bank because BCS Forex are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in BCS Forex deposited in a Tier 1 bank?
Depositing funds with BCS Forex ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if BCS Forex were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that BCS Forex is a secure and safe platform.
Please be aware that trading in financial assets with BCS Forex carries a risk of loss. BCS Forex trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
BCS Forex emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about BCS Forex, let's closely examine its features.
To better understand the BCS Forex trading platform, you can create two separate accounts - one with real money and the other a BCS Forex demo account. A BCS Forex demo account provides a risk-free environment for experimenting with the BCS Forex platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in BCS Forex trading decisions.
Open a demo account Visit BCS Forex
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How BCS Forex as a Company Compare Against Other Brokers
| Broker |
bcsforex
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Year Established | 2016 | 2007 | 2009 | 2007 |
| Head Office | Cyprus | Australia | Belize | Cyprus, UK |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
| Used By | 10,000+ BCS Forex users | 180,000+ IC Markets users | 1,000,000+ Roboforex users | 30,000,000+ eToro users |
| Negative balance protection | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | |
| Learn More | Visit BCS Forex | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
BCS Forex review
BCS Forex Pros and Cons
BCS Forex review
BCS Forex Regulation and Licensing in more detail
BCS Forex is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of BCS Forex going into insolvency. BCS Forex compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like BCS Forex to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for BCS Forex traders.
BCS Forex is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like BCS Forex you should be sure they're legitimate online agent.
Is BCS Forex Global?
Yes, BCS Forex is global as BCS Forex is available in over 193 countries.
BCS Forex is a global trading platform in the sense that it operates in 193 countries including nations in Africa, Asia, Oceania, . Major countries BCS Forex covers include Germany, South Africa, Thailand, China and Australia. BCS Forex has a total of more than 10,000 users.
BCS Forex review
BCS Forex Fees Explained
- BCS Forex withdrawal fees varies on payment method
- BCS Forex does charge a fee for inactive accounts.
- BCS Forex does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from BCS Forex are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
BCS Forex Costs To Check
Modern brokers like BCS Forex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, BCS Forex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall BCS Forex trading profitability.
How BCS Forex Fees Compare Against Other Brokers
| Broker |
bcsforex
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Min Deposit | 100 | 200 | 10 | 100 |
| Withdrawal Fees | varies | No | Yes | Yes |
| Inactivity Fees | No | No | Yes | |
| Deposit Fees | Varies | No | No | |
| CFD Commission Fees | Yes | No | Yes |
BCS Forex Minimum Deposit
BCS Forex requires a minimum deposit of 100 GBP/USD/EUR when opening an BCS Forex trading account.
A minimum deposit is the minimum amount of money required by BCS Forex to open a new online brokerage account with them.
Don't be scared off by brokers like BCS Forex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like BCS Forex, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
BCS Forex Withdrawal Fees
The fees for withdrawing funds from your BCS Forex account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your BCS Forex withdrawal request is important.
BCS Forex Withdrawal rules may vary across different brokers when it comes to transferring funds from your BCS Forex or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with BCS Forex may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the BCS Forex withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from BCS Forex. Researching and comparing BCS Forex withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing BCS Forex funds frequently or dealing with large sums of money. Awareness of these BCS Forex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your BCS Forex funds.
For example, BCS Forex allows you to withdraw your funds to Bank Transfers, Electronic wallets (eWallets), QIWI Wallet, Yandex Money, Online banking, BCS Online, Alfa Click.
BCS Forex Inactivity Fees
BCS Forex does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by BCS Forex terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all BCS Forex fees and services. It's recommended that you check the BCS Forex website before signing up. If you decide to close your BCS Forex account, it's important to do so with the BCS Forex broker customer support and obtain confirmation that no remaining BCS Forex fees are due.
Brokers like BCS Forex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
BCS Forex Deposit Fees
BCS Forex do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
BCS Forex Commission Fees
BCS Forex does charge commission on CFD instruments.
Brokerage firms like BCS Forex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the BCS Forex trading account level held by the trader.
BCS Forex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing BCS Forex terms and conditions to understand the commission fees and any other charges that may apply is essential.
BCS Forex review
What can you trade with BCS Forex?
It's essential to note that the trading instruments offered under the BCS Forex brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the BCS Forex trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with BCS Forex over 46 instruments in fact.
If you want to trade currency pairs on global Forex markets, BCS Forex offer over currency pairs.
BCS Forex Compared To Other Brokers
Compare BCS Forex with IC Markets and Roboforex below.
How BCS Forex Trading Options Compare Against Other Brokers
| Broker |
bcsforex
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Instruments Available | 46 | 2250 | 100 | 5000 |
| Platforms | MT4,Desktop,iPhone/iOS | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| FX / Currencies | ||||
| Forex pairs offered | 61 | 35 | 50 | |
| Major Forex pairs | Yes | Yes | Yes | Yes |
| Minor Forex pairs | No | Yes | Yes | Yes |
| Exotic Forex pairs | No | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | No | Yes | No | Yes |
| Commodity CFDs | ||||
| Commodities Offered | 0 | 20 | 21 | 31 |
| Metals | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes |
| Agricultural | Yes | Yes | No | Yes |
| Indiced & Stock CFDs | ||||
| Stocks Offered | 2100 | 0 | 2042 | |
| UK Shares | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes |
| German Shares | No | Yes | Yes | Yes |
| Japanese Shares | No | Yes | Yes | Yes |
| Risk Warning |
Visit BCS Forex
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider. |
BCS Forex review
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 trading apps help you stay on top of your trades and execute them on the go.
See BCS Forex's platformsIs the BCS Forex Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the BCS Forex trading platform to protect you on PC and mobile BCS Forex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using BCS Forex web trading platforms.
BCS Forex Trading Platform Options
After logging into your BCS Forex account, you'll find a range of trading platform options available below.
- MetaTrader 4 (MT4)
Please be aware that BCS Forex does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
BCS Forex does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.
Let's explore each of these trading platforms in detail and what options BCS Forex gives you.
BCS Forex review
BCS Forex MetaTrader 4 (MT4)
BCS Forex MetaTrader 4 (MT4) In Detail
MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on BCS Forex offers traders comprehensive features and tools to enhance their trading performance. The BCS Forex MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the BCS Forex platform to their needs. One of the standout features of MT4 is its charting functionality, which allows BCS Forex traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give BCS Forex traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 BCS Forex trading platform.
MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the BCS Forex MetaTrader 4 (MT4) trading platform. MT4 is a platform available with BCS Forex, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The BCS Forex MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. BCS Forex allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.
You can start using the MetaTrader 4 platform with BCS Forex in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. BCS Forex MetaTrader 4 is compatible with the latest macOS. BCS Forex allows traders to trade on mobile devices through Android and iOS devices like the iPhone.
Metatrader 4 Webtrader on BCS Forex
MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Trade BCS Forex MetaTrader 4 on iOS Devices
You can download the BCS Forex app or trade with BCS Forex through the MetaTrader 4 application on the Apple app store.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. BCS Forex customers have instant access to the financial market and can completely manage a Portfolio on the go.
Trade BCS Forex MetaTrader 4 on Android Devices
Millions of people worldwide use Android mobile devices and tablets, and BCS Forex offers its clients access to the MetaTrader 4 platform on these devices. With the BCS Forex MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing BCS Forex traders to stay on top of their trades and react quickly to changes in the market. With the BCS Forex MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.
Trade BCS Forex MetaTrader 4 Trading Central
Trading Centrals Alpha Generation Indicators available on BCS Forex are a powerful bundle of three major indicators designed to help traders make informed decisions. BCS Forex MT4 Trading Central indicators include:
- Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
- Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
- Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.
Trading Centrals Alpha Generation Indicators can help BCS Forex traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing BCS Forex traders to potentially stay one step ahead.
BCS Forex MetaTrader 4 Advanced Trading Tools
The BCS Forex MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give BCS Forex traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, BCS Forex provides traders with everything they need to succeed. The BCS Forex MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing BCS Forex traders to analyze the market at any level of complexity.
Trade BCS Forex MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.
It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
BCS Forex MetaTrader 4 AutoChartist
Autochartist on the BCS Forex platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Available for BCS Forex MetaTrader 4 Autochartist can scan the market using an expert advisor script.
With Autochartist, BCS Forex traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save BCS Forex users time and makes the trading process more efficient.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. BCS Forex traders can navigate the platform and find the information they need to make informed trading decisions.
BCS Forex Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for BCS Forex traders of all experience levels.
BCS Forex Trading benefits
- BCS Forex Allows scalping
- BCS Forex Offers STP
- BCS Forex Low min deposit
BCS Forex Trading Accounts Offered
Below we give an overview of the account types that BCS Forex offer. Whatever you are looking to trade, the varying BCS Forex account types will be able to provide you with what you need.
- BCS Forex Demo account
- BCS Forex Mini account
- BCS Forex Standard account
- BCS Forex ECN account
- BCS Forex STP account
- BCS Forex Islamic account
Can I try BCS Forex?
BCS Forex provides a demo account that enables individuals to explore trading before investing their funds. By creating a BCS Forex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the BCS Forex demo account can help individuals to make informed decisions before investing their money.
Open a demo BCS Forex account to practice and trade.
Your capital is at risk
BCS Forex withdrawal and funding methods
It's essential to remember that the payment methods provided by BCS Forex vary based on the BCS Forex entity and the BCS Forex client's country of residence. To view the BCS Forex payment options available, you can log into your BCS Forex member's area.
BCS Forex offers various funding payment methods listed in your BCS Forex dashboard if available in your region. To learn more about the BCS Forex funding and withdrawal options available in your area, you can explore the BCS Forex website.
BCS Forex provides several payment methods for funding your BCS Forex account. You may utilize any of these deposit options if they are available in your region. BCS Forex ensures that users have multiple payment methods to choose from, making it more convenient for verified BCS Forex account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the BCS Forex user's location. learn more about BCS Forex funding and withdrawal methods.BCS Forex Payment Methods
Some BCS Forex payment methods are local and are available only to specific regions. BCS Forex account holders should check which payment methods are provided in your region.- BCS Forex accepts Bank Transfers
- BCS Forex accepts Electronic wallets (eWallets)
- BCS Forex accepts QIWI Wallet
- BCS Forex accepts Yandex Money
- BCS Forex accepts Online banking
- BCS Forex accepts BCS Online
- BCS Forex accepts Alfa Click
| Broker |
bcsforex
|
IC Markets
|
Roboforex
|
eToro
|
|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes |
| Credit Cards | No | Yes | Yes | Yes |
| Paypal | No | Yes | No | Yes |
| Skrill | No | Yes | Yes | Yes |
| Payoneer | No | No | Yes | No |
| Neteller | No | Yes | Yes | Yes |
*please note available BCS Forex and other broker payment methods depend on the clients country of residence.
How can I start trading with BCS Forex?
To open a trading account with BCS Forex, individuals can sign up on the BCS Forex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for BCS Forex account validation and making a deposit. Once completed, BCS Forex users can download the trading platform of their choice.
It's important to note that BCS Forex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps BCS Forex maintain a trustworthy financial environment for its 10,000 users. Detailed information on the BCS Forex trading platforms is available on their website.
Your capital is at risk
Performing trades with BCS Forex
When using BCS Forex, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. BCS Forex have a max trade of varies. With the ECN and STP execution methods offered by the platform, traders using BCS Forex can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.
Like other brokers, BCS Forex margin requirements can differ depending on the traded instrument.
CFD Trading on BCS Forex
We will show you an example of the basics of using BCS Forex leverage.
CFD trading on BCS Forex allows traders to speculate on the price movements of various financial instruments against the broker BCS Forex, without actually owning real assets. With CFDs, BCS Forex traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
BCS Forex provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, BCS Forex leverage profits and losses are magnified when trading. For instance, using CFDs, you use the BCS Forex trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, BCS Forex leverage magnifies both profits and losses in trading.
Trading CFD trades on the BCS Forex platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced BCS Forex traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Education Resources at BCS Forex
To trade effectively with BCS Forex, it's important to have a good understanding of the BCS Forex trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with BCS Forex and externally.
BCS Forex . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with BCS Forex. Familiarizing yourself with the BCS Forex trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using BCS Forex. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with BCS Forex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like BCS Forex, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with BCS Forex. Explore the BCS Forex platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with BCS Forex, before live trading.
Customer Support at BCS Forex
As part of our BCS Forex review, we review customer service options, response times and problem resolution effectiveness on the BCS Forex trading platform. The BCS Forex trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
BCS Forex Available Support Types
Based on our experience, we have given BCS Forex a D grade for customer support. We encountered some slow response times or BCS Forex queries that were left unanswered.
Compared to other brokers, BCS Forex offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.Livechat Support at BCS Forex
Our team tested the live chat support of BCS Forex and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.
In addition, we tested BCS Forex support services in various countries and languages and found that BCS Forex were able to effectively resolve our customer issues.
Email Support at BCS Forex
We tested the email support of BCS Forex by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any BCS Forex response.
The BCS Forex team did resolve and answer our queries, but the email support from BCS Forex was overall average compared to other brokers we have tested.
Phone Support at BCS Forex
We contacted BCS Forex via phone and received quick assistance within 10 minutes of our call.
The BCS Forex phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by BCS Forex and found that they could assist us in various languages.
While we found the BCS Forex phone support satisfactory, there is room for improvement in response time.
See how BCS Forex Support Compares Against Other Brokers
| Broker |
bcsforex
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IC Markets
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Roboforex
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eToro
|
|---|---|---|---|---|
| Support |
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| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
| Learn More | Visit BCS Forex | Visit IC Markets | Visit Roboforex | Visit eToro |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with BCS Forex
As BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC).
As a new client of BCS Forex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with BCS Forex in your region. During the BCS Forex account opening process, you will be asked to provide BCS Forex with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with BCS Forex have the following documents available.
- BCS Forex require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for BCS Forex compliance. This must be dated within the last six months.
- If you plan to fund your BCS Forex account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the BCS Forex platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under BCS Forex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring BCS Forex's platform.
However, remember that you won't be able to make trades on BCS Forex until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the BCS Forex KYC compliance process as soon as possible to avoid any delays in accessing the BCS Forex platform's features.
It is important to note that BCS Forex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the BCS Forex platform and features immediately. However, you must pass the verification process to start live trading with BCS Forex, which can take up to a few business days.
To start the process of opening an account with BCS Forex you can visit the BCS Forex trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://forex-bcs.com/ on April 22, 2024.
Is BCS Forex A Good Broker?
We have spent over 5 years examining BCS Forex in depth. Although we found some very useful aspects of the BCS Forex platform that would be useful to some traders. We feel that a alternative to BCS Forex may better suit you.
- BCS Forex have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, .
- BCS Forex has a history of over 8 years.
- BCS Forex has a reasonable sized customer support of at least 10.
- BCS Forex are regulated by the Cyprus Securities and Exchange Commission (CySEC). BCS Forex is subject to strict regulatory oversight from its respective jurisdiction, which holds BCS Forex (the broker) accountable for misconduct. This regulatory framework helps ensure that BCS Forex operates fairly and transparently and provides BCS Forex customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and BCS Forex.
- BCS Forex have regulation from reputable regulators.
- One of the advantages of using BCS Forex is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from BCS Forex are particularly important as BCS Forex traders want to receive their money quickly. With the efficient BCS Forex payment processing system, traders can enjoy faster access to their BCS Forex funds.
- BCS Forex have an international presence in multiple countries. Including local BCS Forex seminars and training.
- BCS Forex can hire people from various locations in the world who can better communicate in your local language.
BCS Forex Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
BCS Forex not quite right?
If after reading this BCS Forex review, BCS Forex does not fulfill your needs check out these BCS Forex Alternatives.
Click here to view the best BCS Forex Alternatives
We have spent years researching the best alternatives to BCS Forex. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective BCS Forex alternatives available today. If you are unsatisfied with BCS Forex or want to explore other options, we recommend checking out our carefully curated list of highly-rated BCS Forex alternatives. Follow the links below to learn more about these BCS Forex broker alternatives and choose the one that best suits your trading needs.
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Related BCS Forex Vs Comparisons
Throughout our comprehensive BCS Forex review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing BCS Forex against other popular brokers in the industry, check out our BCS Forex Vs pages. Our team has compiled a series of detailed BCS Forex comparison articles, pitting the BCS Forex platform against some of the best-rated BCS Forex competitors in the market. Dive into our informative BCS Forex Vs pages below to find out how BCS Forex stacks up against other leading brokers.
- BCSForex vs ICMarkets
- BCSForex vs Roboforex
- BCSForex vs eToro
- BCSForex vs XTB
- BCSForex vs XM
- BCSForex vs Pepperstone
- BCSForex vs AvaTrade
- BCSForex vs FPMarkets
- BCSForex vs NordFX
- BCSForex vs easyMarkets
- BCSForex vs SpreadEx
- BCSForex vs FxPro
- BCSForex vs Plus500
- BCSForex vs AdmiralMarkets
- BCSForex vs ThinkMarkets
- BCSForex vs FXPrimus
- BCSForex vs Trading212
- BCSForex vs ForexMart
- BCSForex vs Eightcap
- BCSForex vs ForTrade
- BCSForex vs InteractiveBrokers
- BCSForex vs Forex.com
- BCSForex vs IG
- BCSForex vs Robinhood
- BCSForex vs Coinbase
- BCSForex vs Binance
- BCSForex vs ETXCapital
- BCSForex vs CoreSpreads
BCS Forex review
BCS FOREX Frequently Asked Questions
Read our detailed BCS Forex FAQ Section updated for 2024.
Can I try BCS Forex?
BCS Forex offer a demo account so you can try the BCS Forex platform with virtual trading before you put down a payment. Virtual trading with BCS Forex is zero risk. Learn more here
What funding methods do BCS Forex accept?
Please note that the list of payment methods below depends on the BCS Forex Entity and the client's Country of Residence.
BCS Forex offer the following funding payment methods Bank Transfers, Electronic wallets (eWallets), QIWI Wallet, Yandex Money, Online banking, BCS Online, Alfa Click, among other payment methods.
Learn more here
Is BCS Forex safe?
BCS Forex have over 10,000 users. BCS Forex are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). 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 bank's financial health and strength.Trading with BCS Forex is risky, and because the market is so volatile, losses could happen at any time. Do not invest with BCS Forex unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is BCS Forex trading good?
BCS Forex is considered good and reputable to trade with BCS Forex. BCS Forex is used by over 10,000 traders and BCS Forex users. BCS Forex offers Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. Minimum deposit with BCS Forex is 100.
Is BCS Forex trading Legit?
BCS Forex was founded in Cyprus in 2016. BCS Forex has been facilitating trade on the financial markets for over 8 years. BCS Forex offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. All funds deposited to BCS Forex are held in segregated bank accounts for security. BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.
Is BCS Forex a good broker?
BCS Forex allows Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. BCS Forex is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.
Is BCS Forex trustworthy broker?
BCS Forex is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to BCS Forex, money is in a segregated bank account that is separate from BCS Forex company's funds. As a regulated broker, BCS Forex cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by BCS Forex. Instead, your BCS Forex funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with BCS Forex. Also BCS Forex is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC).
What is the minimum deposit for BCS Forex?
The minimum deposit to trade with BCS Forex is 100.
How long do BCS Forex withdrawals take?
Withdrawing money from BCS Forex processing time varies depending on the method but averages 1-5 days.
Is BCS Forex regulated?
BCS Forex is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of BCS Forex maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is BCS Forex a market maker?
BCS Forex is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by BCS Forex even if no buyer or seller is lined up.
How can I start trading with BCS Forex?
When opening a trading account with BCS Forex, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on BCS Forex trading platforms, you can follow the link provided below: Learn more about signing up with the BCS Forex trading platform here. This will provide useful information and insights into the various trading platforms offered by BCS Forex, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with BCS Forex?
Yes your money is safe with BCS Forex.
Overall, strict financial regulation is essential for ensuring that trading platforms like BCS Forex operate fairly, transparently, and responsibly, which ultimately benefits all BCS Forex stakeholders involved.
Trading platforms like BCS Forex must have strict financial regulation for several reasons:
- Protecting BCS Forex Investors: Strict financial regulation ensures that investors who use the BCS Forex trading platform are protected against fraudulent or unethical behavior by the BCS Forex platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the BCS Forex platform.
- Maintaining BCS Forex Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the BCS Forex trading platform. Regulatory procedures reduce the likelihood of the BCS Forex platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing BCS Forex Transparency: Regulations require trading platforms like BCS Forex to maintain detailed records and disclose BCS Forex client information. Financial regulatory requirements enhances transparency and helps to build trust between the BCS Forex platform and its investors.
BCS Forex is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as BCS Forex, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, BCS Forex ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like BCS Forex.
Is BCS Forex a con?
BCS Forex is regulated and well established, having been in business for over 8 years. BCS Forex is not a con.
Can you make money with BCS Forex?
Although traders have had great success with BCS Forex, trading on the financial markets with BCS Forex is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does BCS Forex have fees?
BCS Forex withdrawal fees vary on payment method.BCS Forex does charge a fee for inactive accounts. BCS Forex do charge deposit fees.
When was BCS Forex founded?
BCS Forex was founded in 2016.
How many people use BCS Forex?
BCS Forex is used by over 10,000 registered BCS Forex users.
What is BCS Forex Headquarters country?
BCS Forex has its head quarters office in Cyprus .
Does BCS Forex offer negative balance protection?
BCS Forex does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does BCS Forex offer guaranteed stop loss?
BCS Forex does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does BCS Forex allow scalping?
BCS Forex offers scalping.
Does BCS Forex allow hedging?
BCS Forex does not offer hedging.
Does BCS Forex offer CFD trading?
BCS Forex offers CFD trading.
Does BCS Forex offer STP?
BCS Forex offers STP trading.
How many people use BCS Forex?
BCS Forex is used by over 10000 BCS Forex users and traders.
Is BCS Forex an ECN broker?
BCS Forex offers ECN trading.
Does BCS Forex offer a demo account?
BCS Forex offers a demo account.
Does BCS Forex offer an Islamic account?
BCS Forex offers an Islamic account.
What are the funding methods for BCS Forex?
Please note that funding methods and options available with BCS Forex can be found in the BCS Forex Members area and depend on the BCS Forex client’s country of residence. Please check your specific available payment methods on the BCS Forex website. BCS Forex accept the following funding methods : Bank Transfers, Electronic wallets (eWallets), QIWI Wallet, Yandex Money, Online banking, BCS Online, Alfa Click.
BCS Forex review written by Andrew Blumer and Mark Hansen
