BCS Forex Guide – Read our In-Depth BCS Forex Review
This BCS Forex review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this BCS Forex review does not apply to US users.
If you're a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll acquire adept at all the concepts of brokerage as you continue trading. For starters, you have to select the ideal broker who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan will create hefty returns. BCS Forex is one such platform that will take you along with your investment to great heights. It's crucial to know about BCS Forex until you trust them with your money.
Our entire BCS Forex Review covers everything you need to know about trading with BCS Forex. A fantastic broker can multiply your first investments and give you positive profits. If you want to make profits, you must trade with a broker service that contrasts with your investing objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, initially, can set your investments in danger.
BCS Forex is a broker which has forged its way successfully to the brokerage world. In this review, we've tried to collate a number of the important aspects of BCS Forex. This review can help you to know whether BCS Forex is a good match for your own investments or not. We've tried to breakdown all the features and charges for your convenience.
BCS Forex Review, Table Of Contents
- Who are BCS Forex?
- Benefits Of Trading With BCS Forex
- Everything you should know about trading with BCS Forex
- Is BCS Forex Safe To Trade With?
- Pro's & Con's Of Trading With BCS Forex?
- Compare Brokers Similar To BCS Forex
- Regulation And Licencing In More Detail
- BCS Forex Awards
- Minimum Deposit Required For A Live Account With BCS Forex
- BCS Forex Commission And Fees Explained
- Compare broker fees against BCS Forex
- BCS Forex Withdrawal Fees Explained
- BCS Forex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With BCS Forex?
- Alternatives To BCS Forex
- Frequently Asked Questions About BCS Forex
Who are BCS Forex?
BCS Forex is a forex broker headquartered in Cyprus and provides a range of tools for trading. Since its inception in 2016, BCS Forex has emerged as a top-tier player in the field of online broker. BCS Forex has a highly aggressive and full-featured trading site that is focused on forex, indices, metals, stocks and commodities.
Over the past 5 years, BCS Forex has grown into one of the leading online brokers.
After launching in 2016, their consumer base has become as big as 10,000+ clients.
BCS Forex is a favorite for many dealers.. Our BCS Forex review discovered that they are an excellent alternative for automated trading solutions. It's most appropriate for investors that are looking for a variety of assets. Social and automated trading solutions are the core at BCS Forex.
Technology plays a substantial role at BCS Forex. BCS Forex offers trading on MT4,Desktop,iPhone/iOS. BCS Forex is fair, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
The trader resource section at BCS Forex is very insightful for new dealers as it permits them to get a closer look at the financial markets. BCS Forex caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
If you feel that BCS Forex is not right for you then at the bottom of this BCS Forex review you wil find a lot of alternatives to BCS Forex.
What you should know about trading with BCS Forex
BCS Forex is a lively platform that provides various procedures of online trading. These tools cover the financial markets considerably. The Majority of the brokerage platforms offer less approaches than BCS Forex
If you want to exchange with BCS Forex, you will need a minimum deposit of $100. This deposit is compulsory if you wish to begin trading with BCS Forex. This 2021 BCS Forex review will direct you easily about trading with them.
BCS Forex is as versatile as any other broker platform. BCS Forex is excellent for traders who want a manageable array of cheap services. The programs offered by BCS Forex are third-party, white-label offerings. All traders may pick out of MT4,Desktop,iPhone/iOS.
Along with everything, BCS Forex has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept available. The agents provide premium customer service which rewards clients with benefits.
Many unethical brokers attempt to pressurise users into larger financing for superior services. BCS Forex, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the greater advantages will come along.
BCS Forex accounts are available around the world and provides outstanding service wherever they have customers. There are some select few countries where BCS Forex accounts are not available. Traders in the following countries cannot open or use a BCS Forex account:
Is BCS Forex Safe To Trade With?
Established in 2016, BCS Forex has been operating for 5 years, they have a head office in Cyprus.
BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that mandate that trading platforms have measures in place to keep investor's assets procured. This means that BCS Forex users don't need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with BCS Forex for heightened security. An SMS with the verification code will be sent to your phone. You'll be required to input this code to log into your account.
Another concern with financial brokers with regards to safety may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is more prevalent in the case of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With BCS Forex
Every online trading platform will have some pros and cons BCS Forex review would be complete without showing both sides. This BCS Forex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
BCS Forex Pro's
- BCS Forex is trusted by 10,000+ clients
- BCS Forex doesn't charge inactivity fees
- BCS Forex doesn't charge deposit fees
- BCS Forex doesn't charge CFD fees
- BCS Forex offer trading on MT4,Desktop,iPhone/iOS
- BCS Forex offer 46 trading instruments
- BCS Forex trades major forex pairs
- BCS Forex can communicate in
BCS Forex Con's
- BCS Forex does not offer Negative Balance Protection
- BCS Forex does not offer Guaranteed Stop Loss
- BCS Forex charge withdrawal fees
- BCS Forex doesn't trade minor forex pairs
- BCS Forex doesn't trade exotic forex pairs
- BCS Forex doesn't offer trading on cryptocurrencies
BCS Forex Review - Compare Brokers Similar To BCS Forex
|BCS Forex||OctaFX||WeBull||Personal Capital|
|Headquarters||Cyprus||St. Vincent and the Grenadines||USA||USA|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)||Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA)||Unregulated|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk|
BCS Forex Review - Regulation And Licencing In More Detail
BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC).
BCS Forex, as a company, has a powerful set of rules for ensuring honest trading onto its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
BCS Forex Review - Awards
- At the time of writing this BCS Forex review, they had not received any awards.
BCS Forex Review - Minimum Deposit Required
The minimum deposit that you need to begin on BCS Forex is $100. This is an adequate amount for those just beginning. You can create more advanced deposits as you cooperate. However, make certain you know how to make the most of your money before investing larger sums.
BCS Forex Review - Commission And Fees Explained
BCS Forex is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 types of fees for this objective.
The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these instances, you're spending a spread, funding rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are those that are billed when you maintain a leveraged position for more than a day.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, BCS Forex doesn't charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who often exchange, such as daily or weekly trading.
However, non-trading fees billed by BCS Forex are relatively higher. As a result, you're billed more for non-trading activities in your trading account, like withdrawal and deposits. These are not about the purchase and sale of assets.
This BCS Forex review breaks down each of the relevant non-trading fees for you in detail.
Compare broker fees against BCS Forex
|BCS Forex||OctaFX||WeBull||Personal Capital|
BCS Forex Review - Withdrawal Fees Explained
BCS Forex charges a withdrawal fee if you create a bank transfer. Every time you move money back into your bank accounts, these withdrawal charges become important.
Withdrawal of cash is possible at any time from the BCS Forex account. You can withdraw sums up to the sum of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't always have to have any cash in your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn money will be sent into the card. BCS Forex will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are choosing to withdraw in.
BCS Forex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your mind when open an account with BCS Forex. An inactivity fee is an amount charged to registered dealers who haven't participated in buying or selling for a while. The period regarded as inactive is determined by the broker.
The inactivity fee differs from one broker to another and isn't generalized. If a traders account doesn't have a purchasing or selling trade, it's claimed by the broker as an inactivity charge. The traders need to pay this fee under terms and conditions that they had consented while enrolling.
BCS Forex doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been indicated by BCS Forex, it's best for you to close the account if you're inactive. Inactivity fees are not just charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to a lot of conditions and needs to be revealed clearly by the broker beforehand.
BCS Forex Review - Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this particular operation.
BCS Forex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the BCS Forex trading platform is easy. You just have to finish a single-user profile questionnaire to begin depositing money into your trading account. You'll have to provide an identity proof and proof of residency to deposit substantial amounts.
BCS Forex Review - Compare Broker Deposit Methods
|BCS Forex||OctaFX||WeBull||Personal Capital|
What Can You trade With BCS Forex?
Note: BCS Forex offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ depending on the country of residence of the client.
BCS Forex has a wide variety of over 46 instruments available for you to trade with.
If trading forex pairs is of interest to you then BCS Forex offer over currency pairs.
Compare BCS Forex, OctaFX, WeBull & Personal Capital below.
Alternatives To BCS Forex
If, after studying this BCS Forex review, BCS Forex doesn't meet your needs check out these BCS Forex alternatives.
We've scoured the internet to find the best alternatives to BCS Forex. Click on the links below to find out more.
Frequently Asked Questions about BCS Forex
Can I try BCS Forex before I buy?
Yes, you can most definitely try BCS Forex before you buy. BCS Forex provides demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register for a demonstration account on BCS Forex, you may set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you choose to spend your own money.
With this virtual BCS Forexdemo account, you are able to experiment at all, to whatever period you desire. You can also start positions, examine different trading approaches, and more.
BCS Forex specifies on its official site which you are able to trade real time stocks in a demo account.
Is BCS Forex safe?
You can drop all your worries since we believe that BCS Forex is totally safe to use. It is in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, BCS Forex doesn't provide assured stop-loss protection.
Why does BCS Forex ask for my passport?
The reason that BCS Forex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, BCS Forex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, BCS Forex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with BCS Forex?
The process to start trading withBCS Forex is perhaps simple enough to be a cakewalk. You need to begin by signing up on the BCS Forex website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with BCS Forex is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with BCS Forex.
The best way to kickstart your trading career with BCS Forex is to open a demo account facility before risking any real money
What funding methods do BCS Forex accept?
There are a number of ways to finance your accounts with BCS Forex. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal is not available in all place. The currencies BCS Forex
Is my money safe with BCS Forex?
Yes, your cash is safe and protected with BCS Forex. As you know, BCS Forex works with good conformation to. It's established plenty of steps to protect all its investors.
BCS Forex protects its clients' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your account, you can empower Two-Step Verification also. It requires an SMS affirmation that you get your accounts.
Is BCS Forex trading good?
Yes, trading through BCS Forex is a nice and good experience indeed. It is an excellent and intuitive platform with useful features for your simplicity. Moreover, you can also gain access to a vast selection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does BCS Forex support?
BCS Forex operates across the globe. However, due to regulations there are some countries that BCS Forex cannot accept clients from
Is BCS Forex legit?
BCS Forex is a legit company headquarted in Cyprus since 2016. They are regulated by Cyprus Securities and Exchange Commission (CySEC). BCS Forex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is BCS Forex a good broker?
BCS Forex is an excellent agent, and its users may vouch for this. The highlight of this platform is its fast order execution on trades.
You will discover the clean design of this platform and the commendable features a pleasure to work with.
Is BCS Forex a trustworthy broker?
Yes, BCS Forex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for BCS Forex?
The minimum deposit to open a live account with BCS Forex is $100
How long do BCS Forex withdrawals take?
Normally, withdrawal of money from BCS Forex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from BCS Forex to show in your bank account.
Are BCS Forex regulated?
BCS Forex are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is BCS Forex a market leading broker?
BCS Forex is currently one of the industry leaders. It supports over 10,000+ registered users and over 5 years of experience on its record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this standing to its incredible platform and broad range of tools plus resources so you may invest in capital markets.
Is BCS Forex a con?
No, BCS Forex is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that BCS Forex is not a scam.
Can you make money with BCS Forex?
Through BCS Forex, several traders make a great deal of money. However, on average, through continual trading, you also can make between 2% - 10% profit a month.
This can look to be a little number, but within the year, this adds to a significant number of gains. While BCS Forex supply you all of the tools to earn money, they can't guarantee that you will gain.
Does BCS Forex have fees?
Yes. To begin trading using BCS Forex, you need to deposit $100. Certain commissions while trading also apply. Any processing fees from your bank will have to be incurred by you.
When was BCS Forex founded?
BCS Forex was founded in 2016 in Cyprus. BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use BCS Forex?
BCS Forex is a worldwide recognised agent with 10,000+ clients.
Where is the BCS Forex head office?
BCS Forex has its head office in Cyprus
Does BCS Forex offer negative balance protection?
No. BCS Forex does not provide negative balance protection. If your balance is negative, BCS Forex indicates that you promptly contact customer services. With this, you are able to correct any imbalances in your own account.
Does BCS Forex offer guaranteed stop loss?BCS Forex regrettably, doesn't provide guaranteed stop loss. BCS Forex provides an opportunity for its dealers to close their trades at their specified price. Aside from that, BCS Forex doesn't offer guaranteed stop loss.
Does BCS Forex allow scalping?Yes, BCS Forex do permit scalping. Several traders across the world select BCS Forex due to their scalping services. They offer trading on MT4,Desktop,iPhone/iOS which allow this.
Does BCS Forex allow hedging?
Yes, BCS Forex does allow hedging.
Can you trade energies with BCS Forex?
Yes, you can trade energy stocks with BCS Forex
Can you trade agricultural shares with BCS Forex?
Yes, you can trade agricultural stocks with BCS Forex
Can you trade cryptocurrency with BCS Forex?
No, unfortunately you cannot trade cryptocurrency with BCS Forex
Can you trade metals with BCS Forex?
Yes, you can trade metals with BCS Forex
Can you trade UK Shares with BCS Forex?
Yes, you can trade UK shares with BCS Forex
Can you trade US Shares with BCS Forex?
Yes, you can trade US shares with BCS Forex
Can you trade Japanese Shares with BCS Forex?
No, unfortunately you cannot trade Japanese shares with BCS Forex
Can you trade German Shares with BCS Forex?
Yes, you can trade German shares with BCS Forex
Does BCS Forex accept bank transfers?
No, BCS Forex does not accept bank transfers.
Does BCS Forex accept credit cards?
No, BCS Forex does not accept credit cards.
Does BCS Forex accept PayPal?
No, BCS Forex does not accept PayPal.
Does BCS Forex accept Skrill?
No, BCS Forex does not accept Skrill.
Does BCS Forex accept Payoneer?
No, BCS Forex does not accept Payoneer.
Does BCS Forex accept Neteller?
No, BCS Forex does not accept Neteller.
Does BCS Forex offer Live Chat customer support?
No, BCS Forex does not offer customer support through live chat.
Does BCS Forex offer phone customer support?
No, BCS Forex does not offer customer support over the telephone.
Does BCS Forex offer email customer support?
No, BCS Forex does not offer customer support through email.
What languages can BCS Forex communicate in?
BCS Forex has the ability to communicate and support customers who speak:
Does BCS Forex have a wikipedia page?
No, BCS Forex does not have an official wikipedia page.
Does BCS Forex offer demo accounts?
Yes, BCS Forex offers demo accounts so you can learn their systems before risking any real money.