BCS forex overview
BCS Forex broker offering service since 2004, all most 16 years. They are regulated and focused on the Russian market. The broker is owned and operated by BCS-Forex Limited that registered address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Kingstown, Saint-Vincent and Grenadines. Recently the joined with Russian financial authority to provide service in the Russia federation.
The company is a part of the Russian BCS Financial Group (Финансовая Группа БКС) and it incorporates Ао Бкс Банк, authorized as a bank in Russia.
It appears BCS-Forex is settled in the Russian market and has been around for some time, at the same time, all things considered, it is fitting to maintain a strategic distance from an unregulated broker.
|Broker Type||ECN/STP Forex Broker|
|Demo Link||Open Demo Account|
|Regulation||Regulated by Cyprus Securities and Exchange Commission (CySEC)|
|Website Lang||English, Russian|
|Accept Us Clients||no|
|Account Currencies||USD, EUR, MYR, IDR, THB, VND, USC and More|
|Trading Platforms||MetaTrader 4, MetaTrader 5|
|Promotions||Get 50% of Spreads Right to Your Trading Account Every Day|
|No Deposit Bonus||No|
|Welcome Bonus||50% of Spreads Right to Your Trading Account Every Day|
|Withdraw Options||Bank transfer in EUR, Bank transfer in USD, QIWI Wallet, Yandex Money, Visa, MasterCard, Internal transfers|
|Account Funding Methods||Bank transfer in EUR, Bank transfer in USD, QIWI Wallet, Yandex Money, Visa, MasterCard, Internal transfers|
|Other Trading Instruments||Yes|
|Min Deposit||$/£/€ 10|
|Type Of Spread||Fixed and even Negative|
|Minimum Spreads||0.0 pips|
|Lowest Spread On Eur Usd||0.0 pips|
|Precision Pricing||4 and 5 digits|
|Free Demo Account||Yes|
|Swap Free Accounts||Yes|
|Interest On Margin||Yes|
|One Click Execution||Yes|
The company offers as another broker most popular trading platform Meta Trader including bot Mt4 an Mt5.
Mt5 is the update version and gaining popularity regularly, experience and intermediate trader generally choose this trading platform. It really updated and better from Mt5 trading platform.
This trading platform offer traders to trade in currency pairs, crypt, CFD, stock, share, indices, futures, binary option etc.
MT4 is a very popular trading platform, beginner choose it without any hesitation. Most of broker offer MT4 trading platform for popularity, secure trading and well developed that help trader to trade easily.
Mt4 and Mt5 platform features:
One click trade execution
Opening multiple positions
Technical indicators and automatic trading
Real time timeframes quote
Communication with other traders via MT5 trading platform
Email and economic calendar etc.
The BCS forex broker offers 4 type’s account. Including a demo account, there are totally 5 types account available. The clearest account is the direct account it’s based on the MT5 platform. It allows binary options trading. Other 4 types account is based on both the MT4 and MT5 trading platform. We reviewed the BCS Forex broker has different rules, requirement and conditions, so before going for any account look these account features, conditions and more.
BCS Demo Account
The broker offer demo accounts for a beginner who wants to learn forex trading. Opening a demo account is free and risk free. You can open a demo account with this broker easily to familiar with this broker trading platform.
BCS Global Account
This account offers 116 trading instruments including forex, crypto and CFD. The demo version is not available for this account.
The trading platform is MT5
Minimum deposit: 1 USD
Execution: Exchange Execution
Spread: from 1 p.
Minimum transaction value: 0.01 of a lot
Leverage size: 1:200
Also, there is a stop order free and level limit free opportunities. With the greatest number of parcels for a solitary request set at 100 and the most extreme number of requests additionally at 100. The account offers commission free trading and funding.
BCS NDD Account
The NDD account offers MT4 and MT5 trading platform, and 41 Forex currency pairs. This account starts with $1 deposit and the trading platform offered by broker. If you have any question about NDD account or face any trouble you can deal over the phone with the brokers. The spreads on Forex are fixed with EUR/USD at 0.2 pips and commission charged at the rate of 0.003 % on Forex trading.
Leverage size: 1:200
Stop out level 50%
The minimum lot size is 0.01
The maximum volume of lots for 1 order is 100.
However, traders can place up to 200 orders at a time. The level of margin call is at 100% with a stop out limit of 50%. Importantly, there is no level limit or stop orders with the NDD account.
BCS Pro Account
This account also starts from $1 and based on MT4 trading platform. The account offers instant trading and 117 trading instruments. The broker also offering commission free forex trading with this account and spreads are fixed, with spreads for EUR/USD at 1 pip.
The leverage is 1:1 – 1:200
The level of order is 6 and stop
The level of margin call is 100% and the stop out level is set at 20%. The minimum lot size with the Pro account is 0.01 with a maximum volume of 100 lots per order, and traders permitted up to 100 orders at one time.
BCS Direct Account
This account minimum deposit is same as others account, based on the MT5 trading platform and offer up to 135 financial assets in Forex, Crypto and CFDs and instant execution.
The variable spreads on Forex currency pairs start from 0.7 pips and leverage up to 1:200.
This account level of margin call is 100% and the stop out level set at 20%.
Stop orders or Level limit orders start from 6 points.
The minimum lot is 0.01 and the maximum volume allowed in one order is 100 lots.
The maximum number of orders at any one time is limited to 100.
BCS Deposit and Withdrawal methods
The broker offers a wide range of funding and withdrawal methods. The broker gives instant funding opportunities and common methods. The BCS Forex client can deposit and withdraw their funds via Visa, Master Card, Quwi Walet, Yandex Money, Bank transfer in EUR and USD. Generally electronic wallets commission Is 2.5 and 3.5% and the take up to 10 to complete a transection. Other plastic card charge is 2.5% and transection period can takes 1 to 3 work days. The bank transfer is available only EUR and USD currency. It takes 40 EUR for EUR transection and 35 USD for USD transection and takes maximum 2 to 3 days for a complete transection. But deposit via bank transfer is free, and it takes 2 to 3 working days. And all other deposit methods offers instant deposit.
BCS Customer support
The company offers support via website live chat, phone, email, social media and website contact box.
Office: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Kingstown, Saint-Vincent and Grenadines and FG BCS Ltd (HE 347295, Address: Prevezis 13, 1st floor, Flat/Office 101, 1065, Nicosia, Cyprus ).
Headquarters: Saint-Vincent and Grenadines
Email: [email protected]