BCS Forex Review
BCS Forex was founded in December 2004 and is one of the leaders in the brokerage market in Russia. The broker offers a wide range of online trading in various financial markets, including forex, stocks, cryptocurrencies, and CFDs. Traders are provided with access to the MetaTrader trading platform, as well as a selection of useful trading and learning tools. There are multiple trading account types to choose from with a minimum deposit requirement of $1.
BCS Forex Review, Pros & Cons
- Advanced trading platforms
- Educational resources
- Multiple financial instruments
- Minimum $1 deposit
- Unregulated brokerage firm
- Limited deposit & withdrawal methods
- No USA clients
In this detailed BCS Forex review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
BCS Forex Overview
Headquartered in Moscow, Russia, BCS Forex is an online financial services provider that offers access to trade over 420 financial instruments online via the MT4 and MT5 trading platforms. The broker offers several competitive trading conditions, such as zero commissions, multiple account types, spreads from 0.2 pips, and leverage of up to 1:200. There is a dedicated customer support team available to assist traders.
BCS Forex Regulation
BCS Forex is a trading name of BCS Markets Ltd., which is registered in the jurisdiction of Saint Vincent and the Grenadines and is not subject to regulation in the Russian Federation.
BCS Forex Countries
BCS Markets Ltd does not operate and does not provide services to individuals resident in any territory of the Russian Federation.
Some BCS Forex features and products mentioned within this BCS Forex review may not be available to traders from certain countries because of legal restrictions.
BCS Forex Platforms
BCS Forex’s traders are given access to the MetaTrader 4 and MetaTrader 5 trading platforms, which are the most popular platforms for Forex and CFD trading all over the world. The platforms offer rich functionality, an easy-to-use interface, and multiple trading tools for an enhanced trading experience.
Both the MT4 and MT5 trading platforms are available in desktop, web, and mobile versions.
BCS Forex Trading Tools
In addition to the trading tools that were built into the provided trading platforms, BCS Forex provides traders with some standalone trading tools to ensure a hitch-free trading process. The tools include trading signals, expert reviews, economic calendars, and more.
BCS Forex Education
There is a good selection of educational resources on the broker’s website. These essential learning resources help traders in making informed trading decisions, and they include traders’ tutorials, learning articles, an FAQ section, and a news section that keeps traders up to date with the events that take place in the financial markets.
BCS Forex Instruments
The broker offers the following trading instruments: forex, stocks, cryptocurrencies, and CFDs.
BCS Forex Accounts & Fees
The following trading account types are available at BCS Forex: NDD, Pro, and Direct accounts. Each of the accounts requires a minimum deposit of $1 and offers leverage of up to 1:200. A demo account is available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this BCS Forex review. It is imperative to ensure that you check and understand all of the latest information before you open a BCS Forex broker account for online trading.
BCS Forex Support
The broker’s customer support team is available Monday through Friday from 9:00 am to 9:00 pm Moscow Time to respond to all your trading inquiries. The support team can be reached via telephone, email, online chat, online feedback form, and social media.
BCS Forex Deposit & Withdrawal
Traders who are looking to deposit and/or withdraw funds to and from their trading accounts can do so via any of the following payment methods: bank transfers, credit/debit cards, internet banks, and internal transfers
BCS Forex Account Opening
To open a trading account with BCS Forex, simply click on the “ Open Live Account’ button on the broker’s website and fill in the account application form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
BCS Forex Summary
BCS Forex is a retail trading broker that allows clients to trade various financial instruments via the MT4 and MT5 trading platforms. They provide traders with useful trading and learning tools as well as a responsive client support team to assist them. The minimum deposit required to operate a live trading account is $1, whilst there is a leverage of up to 1:200. The broker is not regulated by any known financial authority at the moment.
Margin trading in financial instruments is associated with various markets, currency, economic, political, commercial, and other risks and does not always bring income. It is necessary to fully understand that investing in financial instruments requires extensive knowledge and significant experience in the investment field, as well as an understanding of the nature and complexity of financial instruments, the ability to determine the volume of investment and assess the associated risks.