BCS Forex
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Open an accountBCS Forex broker (pronounced as “BCS Forex”) is a part of the financial holding BCS Markets Ltd., which has been providing brokerage services since 1995. The company offers its clients favorable conditions and a full range of online services for comfortable trading and training.
Services and opportunities for traders
BCS Forex provides access to more than 330 highly liquid instruments on Russian and foreign exchanges. Clients can take advantage of fresh analytics and prompt assistance from professionals, which makes trading as efficient and convenient as possible.
Recognition and reliability
In 2015, the National Rating Agency (NRA) of the Russian Federation assigned the AAA level to BCS Forex, which confirms the company’s maximum reliability. The parent company holds licenses of the Federal Financial Markets Service (FFMS) for brokerage and dealer activities, which demonstrates high standards and quality of services provided.
Regulation and jurisdiction
Forex services are provided by a subsidiary registered in the offshore jurisdiction of St. Vincent and the Grenadines. This provides flexibility and additional benefits to BCS Forex clients.
BCS Forex, as part of BCS Markets Ltd. provides its clients with a reliable and favorable trading environment. With an extensive set of tools, quality analytics and support from professionals, BCS Forex is an excellent choice for both beginners and experienced traders.
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Account currency
EUR, USD, RUB
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Minimum deposit
$1
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Leverage
1:1 – 1:200
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Spread
From 0.2 points
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Instruments
Currency pairs, precious metals, stocks, futures, indices, commodities, CFDs, cryptocurrencies
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Margin call / Stop out
20–50% / 100%
Pros
- Minimum deposit - only 1 USD: BCS Forex offers its clients to start trading with a minimum deposit of only 1 USD. This allows traders with different levels of capital to easily start their trading career and try their hand at Forex without a significant initial investment.
- No restrictions on trading strategies: At BCS Forex, traders are given complete freedom to choose their trading strategies. This includes the ability to use scalping, hedging, algorithmic and high frequency trading (HFT). In addition, clients can copy the trades of other traders, allowing them to learn and earn at the same time by utilizing the experience of more successful peers.
Minuses
- Lack of cent accounts: BCS Forex does not provide the opportunity to open cent accounts, which may limit traders with small deposits who wish to minimize risks.
- Lack of international regulatory license: The Company does not have a license to provide financial services from an international regulator, which may raise doubts among potential clients as to the level of reliability and regulation.
- Limited working hours of the support service: BCS Forex support service is not available on weekends and after 21:00 Moscow time, which can be inconvenient for traders who work different hours or encounter problems after hours.
- Unspecified liquidity providers: There is no information about liquidity providers on the company's website, which reduces transparency and may raise questions from clients regarding the quality of order execution.
- No PAMM accounts: BCS Forex does not offer the possibility of investing in PAMM accounts, which limits the options for traders looking for passive income through the management of professional managers.
- Lack of ready-made portfolios and programs for investment: Clients do not have the option to invest in ready-made investment portfolios and programs, which can be a disadvantage for those who prefer more structured and managed investment solutions.
Customer geography
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Russia87.2%
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U.S.5.4%
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Ukraine2.9%
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Kazakhstan0.4%
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Others0.1%
Expert evaluation
BCS Forex (BCS Forex) has been providing brokerage services to clients from Russia and CIS countries for over 20 years through a non-resident company BCS Markets Ltd. The broker offers access to more than 330 trading instruments, including currency and cryptocurrency pairs, CFDs on stocks, futures and precious metals.
Trading platforms and tools
BCS Forex clients can trade through the most popular and convenient trading platforms, such as MetaTrader 4 and MetaTrader 5. The broker provides free access to technical analysis and offers commission-free deposits and withdrawals.
Conditions for beginners and professional traders
BCS Forex is suitable for both beginners and professional traders. Beginning traders can start with a minimum deposit of 1 USD and use a demo account for practice. Professional traders appreciate the high speed of order execution and low floating spreads.
Passive income and affiliate programs
The broker offers several ways to generate passive income, including trading using automated systems and participation in an affiliate program.
Site support and usability
The official website of the broker is characterized by a convenient interface and availability of all necessary information. In case of any questions, clients can count on prompt assistance of qualified technical support staff.
BCS Forex combines reliability, years of experience and favorable trading conditions, which makes it an attractive choice for both beginners and professional traders.
Analysis
Ribeit
Rebate from the International Organization of Financial Traders (IOFT) for BCS Forex clients is available only under certain conditions. To be eligible for the rebate, a client must open a trading account with BCS Forex directly through the MOFT website. This means that clients who opened an account directly with a broker or through other channels will not be able to receive a rebate from MOFT.
Trading conditions
BCS Forex provides its clients with favorable trading conditions available for traders of any experience level. The versatility of the broker’s offers makes it an attractive choice for both beginners and experienced market participants.
The main features of the trading conditions:
- Minimum Deposit: The ability to start trading with a minimum deposit of only $1 makes BCS Forex accessible to a wide range of investors, including novice traders who are not ready for large financial risks.
- Floating Spreads : Spreads start as low as 0.2 pips, giving clients the opportunity to trade on favorable terms and reduce trading costs.
- Minimum trade size: The minimum trade size is 0.01 lots, allowing traders to manage their investments with the flexibility and precision required for efficient capital management.
These conditions make BCS Forex an attractive broker for traders seeking maximum flexibility in trading and optimizing their strategies in the global financial markets.
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Trading platform
MetaTrader 4, MetaTrader 5
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Accounts
Demo, GLOBAL, NDD, PRO, DIRECT
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Account currency
EUR, USD, RUB
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Deposit/withdrawal
Currency and ruble bank transfer, Visa and MasterCard, BKS Online, Alfa-Click, Yandex.Money and QIWI e-wallets
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Minimum deposit
$1
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Leverage
1:1 – 1:200
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PAMM accounts
no
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Minimum order
0,01
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Spread
From 0.2 points
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Instruments
Currency pairs, precious metals, stocks, futures, indices, commodities, CFDs, cryptocurrencies
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Margin call / Stop out
20–50% / 100%
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Liquidity provider
unspecified
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Mobile trading
yes
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Affiliate program
yes
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Order execution
Instant Execution, Market Execution, Exchange Execution
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Trading features
There is telephone dealing (on NDD, PRO, DIRECT accounts), round-the-clock trading (under certain conditions), cryptocurrency trading
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Contests and bonuses
yes
Commissions
Analysts of the International Organization of Financial Traders (IOFT) conducted a detailed analysis of commissions charged by BCS Forex broker. The study included an assessment of both trading and non-trading commissions in order to provide clients with a complete picture of potential costs.
Trading commissions
Trading commissions in the analysis were presented in the form of spreads, which are the main source of costs for traders when performing transactions. BCS Forex offers floating spreads starting from 0.2 pips, which is a competitive offer in the market. Such low spreads are especially beneficial for active traders seeking to minimize their trading costs.
Non-trading commissions
As for non-trading commissions, MOFT analysts emphasized withdrawal fees. Despite the absence of deposit fees, the company charges certain withdrawal fees. These fees may vary depending on the chosen withdrawal method and the size of the transaction. Therefore, traders are advised to familiarize themselves with the withdrawal fees in advance to avoid unpleasant surprises.
Broker Overview
BCS Forex, part of the financial holding BCS Markets Ltd., has been providing quality brokerage services to clients from Russia and CIS countries for over 20 years. The broker guarantees convenient trading conditions for traders of all levels – from beginners to professionals.
Main features and services of BCS Forex
- Trading Instruments: Clients have access to a wide range of trading instruments including currency pairs, cryptocurrencies, CFDs on stocks, futures and precious metals.
- Types of Trading Accounts: BCS Forex offers four main account types to suit both novice and experienced traders, including NDD-execution accounts that provide instant and accurate order execution.
Technical platform and analytics
Traders can use MetaTrader 4 and MetaTrader 5 platforms, available both on PCs and mobile devices with Android and iOS. In addition, clients have access to exclusive analytical materials from K. Bochkarev, RBC TV anchor and experienced trader.
Features and services
- Minimum Deposit: All account types have a minimum deposit of only $1, making trading accessible to a wide range of investors.
- Minimum trade size: Traders can trade starting from 0.01 lots.
- Customer Support: The support service operates on weekdays from 9:00 to 21:00 Moscow time and provides assistance via phone, e-mail and online chat.
Transparency and security
- Regulation: Despite the absence of a license from an international regulator, BCS Forex operates within the rules established by the legislation of Saint Vincent and the Grenadines, where the company is registered.
- Complaints Handling: Clients may submit complaints in writing, which are reviewed by the Finance Department in accordance with the established regulations.
BCS Forex provides high standards of service and plenty of opportunities for efficient trading, making it a reliable choice for traders of all experience levels.
Advantages
- Wide range of trading instruments: Clients can trade more than 330 financial instruments, including Forex currencies, various CFDs and cryptocurrencies.
- Minimum trade volume: Trading starts with a minimum volume of 0.01 lots, which makes the platform accessible to traders with different trading capital.
- Free access to MetaTrader 4 and MetaTrader 5: BCS Forex provides its clients with free access to the most popular trading platforms, which ensures maximum convenience and efficiency of trading.
- Minimum deposit of only 1 USD: You can start trading with a minimum deposit of one dollar, which makes BCS Forex attractive for beginner traders.
- Competitive spreads: Spreads start from 0.2 pips for EUR/USD, which is one of the lowest offers on the market.
- Extensive analytical section: The "Forecasts and Analytics" section provides in-depth and high-quality analytical reviews to help traders make informed decisions.
- Islamic accounts: The option of opening Islamic accounts without swap charges is available for Shariah compliant customers.
- Integration with MQL5 trading signals: Traders can connect MQL5 signals, which allows them to automate trading based on successful strategies of other traders.
BCS Forex Account Overview
You can become a client of BCS Forex and start trading by following a few simple steps. Here is a detailed guide:
Step 1: Registration
- Filling in the registration form: Enter your name, current e-mail address and cell phone number on the official website of BCS Forex.
- Confirmation of registration: After sending the form, a one-time 6-digit code will be sent to your phone number. Enter this code in the corresponding window on the site within 30 seconds after receiving it.
- Access to your personal cabinet: After confirming the code, the system will automatically redirect you to your personal cabinet.
Step 2: Opening an account
- Selecting a trading platform : Decide which trading platform you want to use (MetaTrader 4 or MetaTrader 5).
- Select Account Type: Specify whether you want to open a demo account for training or a live account for trading.
Step 3: Using your personal account
In the personal cabinet of BCS Forex you will have access to the following functions:
- Financial operations: Deposit and withdrawal of funds.
- New account request : Create and send requests to create additional trading accounts.
- Access to analytics and training materials: View up-to-date analytics, training materials and webinars.
- Affiliate Program Reports: Monitor statistics on referrals and reward amounts.
- MQL Trading Signals: Tracking statistics and trading results of MQL signals.
- Information about bonuses and promotions: Get information about current bonus offers and promotions.
By following these steps, you can easily start your trading activity with BCS Forex and take advantage of all the opportunities offered by the broker.
Answers to questions
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What trading platforms does BCS Forex provide
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What is the minimum deposit to start trading at BCS Forex
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Can I open an Islamic account at BKS Forex
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What types of accounts are available at BCS Forex?
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What are the ways to deposit and withdraw funds on BCS Forex
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How can I access analytics and tutorials