BCS Forex Guide – Read our In-Depth BCS Forex Review
BCS Forex Rating: 5.61 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You will acquire proficient at all the concepts of brokerage since you continue trading. For starters, you have to choose the ideal broker who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan will create hefty returns. BCS Forex is one such platform that will take you and your investment to great heights. It is important that you know all about BCS Forex before you trust them with your money.
BCS Forex Review – Quick Overview
BCS Forex Telephone Number:
BCS Forex Email Address:
BCS Forex Address:
Cyprus Securities and Exchange Commission (CySEC)
Number Of Clients:
10,000+ BCS Forex users and traders
BCS Forex LinkedIn:
BCS Forex Facebook:
BCS Forex Facebook Likes:
BCS Forex Twitter:
BCS Forex Twitter Followers:
BCS Forex Instagram:
BCS Forex Instagram Followers:
BCS Forex Youtube:
Your capital is at risk
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|Regulated By:||Cyprus Securities and Exchange Commission (CySEC)|
|Number Of Clients:||10,000+ BCS Forex users and traders|
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Your capital is at risk
Our entire BCS Forex Review covers all you will need to learn about trading with BCS Forex. A good agent can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you choose them. It is a common misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, 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 have tried to collate a number of the important aspects of BCS Forex. This review can allow you to understand whether BCS Forex is a good match for your investments or not. We've tried to breakdown all the qualities 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?
- BCS Forex Risk Disclaimer
- 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 foreign exchange broker headquartered in Cyprus and provides a variety of tools for trading. Since its beginning in 2016, BCS Forex has emerged as a top-tier player in the industry of online brokerage. BCS Forex has an extremely competitive and full-featured trading site that is focused on currency, indices, metals, shares, commodities.
Over the past 5 years, BCS Forex has grown into one of the leading online brokers.
After establishing in 2016, their client base is becoming as large as 10,000+ clients.
BCS Forex is the favourite of many dealers.. Our BCS Forex review discovered that they are an superb alternative for automated trading options. It is most appropriate for investors who are looking for a variety of assets. Social and automated trading options are the core at BCS Forex.
Technology plays a substantial role in BCS Forex. BCS Forex features trading on MT4,Desktop,iPhone/iOS. BCS Forex is honest, transparent, and a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The educational section at BCS Forex is very enlightening for new traders as it permits them to have a closer look at the financial markets. BCS Forex caters to all types of traders and are a must-have broker for any well-diversified approach to trading.
BCS Forex Videos
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.
Everything you should know about trading with BCS Forex
BCS Forex is a dynamic platform that provides various procedures of trading online. These tools cover the financial markets considerably. The Majority of the brokerage platforms provide less approaches than BCS Forex
If you would like to exchange with BCS Forex, you'll require a minimum deposit of $100. This deposit is compulsory if you want to start trading using BCS Forex. This 2021 BCS Forex review will direct you easily about trading with them.
BCS Forex is as flexible as another brokerage platform. BCS Forex is ideal for traders that want a manageable variety of cheap services. The platforms offered by BCS Forex are third-party, white-label offerings. All traders can pick from MT4,Desktop,iPhone/iOS.
Together with everything, BCS Forex has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction must be kept available. The brokers provide premium client service which rewards clients with benefits.
Many less reputable brokers try to pressurise customers into bigger financing for premium services. BCS Forex, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further benefits will come along.
BCS Forex accounts are available all over the world and provides outstanding service everywhere they have customers. There are only a select few countries where BCS Forex accounts are not available. Traders in the following countries cannot open or use a BCS Forex account:
BR, KR, IR, IQ, SY, JP, US
Is BCS Forex Safe To Trade With?
Launched in 2016, BCS Forex has been in operation 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 resources secured. This usually means that BCS Forex users don't need to be worried about their money as it's segregated and safely kept in banks that are established. SSL encryption secures every user's personal information as well.
You are able to make use of a choice for 2 Factor Authentications (2FA) with BCS Forex for increased security. An SMS for the confirmation code will be sent to a phone. You will be asked to enter this code to log in to your account.
Another concern with financial brokers with regards to security may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is much more prevalent in the example of Market Maker brokers who compete with users on the stage.
BCS Forex Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With BCS Forex
Every online trading platform has a few ups and downs, and no 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 has low minimum deposit requirements
- 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 English, and Chinese
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 charge inactivity 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 doesn't offer social trading
- BCS Forex doesn't offer copy trading
- BCS Forex doesn't offer trailing stop
BCS Forex Review - Compare Brokers Similar To BCS Forex
|Rating||5.61 / 10||4.36 / 10||5.15 / 10||6.03 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Securities and Futures Commission (SFC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||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 strong collection of rules for ensuring fair trading on its platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is never to be shared with some other institutions or individuals. Including credit history and other financial information.
BCS Forex Review - AwardsAt the time of writing this BCS Forex review, and despite BCS Forex’s impressive offering, the company has surprisingly not garnered any other awards to date.
BCS Forex Trading Platforms
BCS Forex are a trustworthy brokerage that has been trading for over 5 years. They offer a wide range of options in their user accounts.
In the following table we take the main parts of any reputable online trading platform and compare BCS Forex with Blitzbrokers, forexite, and Sharekhan
BCS Forex Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on BCS Forex is $100. This is an adequate amount for those just beginning. It's possible to make more complex deposits as you go along. But, ensure that you understand how to make the most of your money before investing larger amounts.
BCS Forex Review - Commission And Fees Explained
BCS Forex is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 types of fees for this objective.
The first sort of charges to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you are spending a spread, financing speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are those that are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're billed for services like depositing cash, not trading for long periods, or withdrawals.
In general, BCS Forex doesn't charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, such as daily or weekly trading.
But, non-trading fees charged by BCS Forex are relatively greater. Consequently, you are charged more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
This BCS Forex review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against BCS Forex
BCS Forex Review - Withdrawal Fees Explained
BCS Forex charges a withdrawal fee if you make a bank transfer. Each time you transfer money into your bank accounts, these withdrawal fees become important.
Withdrawal of money is possible at any moment from your BCS Forex account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't necessarily have to have any money on your account.
In addition, 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 to the card. BCS Forex will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're opting to draw in.
BCS Forex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind when open an account with BCS Forex. An inactivity fee is an amount charged to registered traders that haven't participated in purchasing or selling for a while. The period regarded as inactive is decided by the broker.
The inactivity fee also differs from 1 agent to another and isn't standardized. If a traders account doesn't have a buying or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this fee under terms and conditions they had consented while enrolling.
BCS Forex charges an inactivity fee when you don't create any trades for a while.
Even if no fees are implied by BCS Forex, it's best that you close the account if you're inactive. Inactivity fees aren't only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is subjected to a lot of circumstances and needs to be disclosed clearly by the agent beforehand.
BCS Forex Review - Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be charged by the broker. Most agents don't charge an excessive amount of money for this 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 simple. You just have to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity evidence and proof of residency to deposit large amounts.
BCS Forex Review - Compare Broker Deposit Methods
What Can You Trade With BCS Forex?
Note: BCS Forex provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can 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 currency pairs is of interest to you then BCS Forex offer over forex pairs.
Compare BCS Forex, Blitzbrokers, forexite & Sharekhan below.
Reviewing The BCS Forex Mobile App
Note: BCS Forex's mobile app has a lot of functionality and is being constantly developed. The below information was accurate at the time of compiling this BCS Forex review.
Understand the capabilities of the mobile apps of BCS Forex, Blitzbrokers, forexite & Sharekhan below.
Alternatives To BCS Forex
If, after studying this BCS Forex review, they don't quite meet your needs check out these BCS Forex alternatives.
We've scoured the web to find the best alternatives to BCS Forex. Click on the hyperlinks below to learn 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 ease of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register for a demonstration account on BCS Forex, you will set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you until you decide to spend your own money.
With this digital BCS Forexdemo account, you can experiment in any way, to whatever length you desire. You might also start positions, examine different trading strategies, and much more.
BCS Forex specifies on its official website that you can exchange real time stocks with your demo account.
Is BCS Forex safe?
You can drop all of your worries because we believe that BCS Forex is completely safe to use. It's in compliance with all the principles of Cyprus Securities and Exchange Commission (CySEC).
Even so, BCS Forex does not 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 account 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 multiple ways to fund your account 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 is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in all country. The monies BCS Forex
Is my money safe with BCS Forex?
Yes, your cash is safe and secure with BCS Forex. As you know, BCS Forex works with proper conformation to. It's established lots of measures to protect all its investors.
BCS Forex protects its clients' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, you can enable Two-Step Verification as well. It takes an SMS affirmation for you to access your account.
Is BCS Forex trading good?
Yes, trading via BCS Forex is a nice and decent experience indeed. It's a great and intuitive platform with helpful features for your ease. In addition, you could also obtain access to a vast collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and assess 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 do accept clients from BR, KR, IR, IQ, SY, JP, US
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 can vouch for this. The highlight of the platform is its quick order execution on trades.
You will find the clean design of this platform and the admirable features that 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 indisputably among the industry leaders. It supports over 10,000+ registered customers and over 5 years of expertise on its record. They are among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad range of resources plus tools 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 cash. But typically, through continual trading, you also can create between 2% - 10% profit a month.
This may seem like a small number, but within the year, this adds to a significant number of gains. Even though BCS Forex provide you all the tools to make money, they can't guarantee that you will gain.
Does BCS Forex have fees?
Yes. To begin trading using BCS Forex, you have to deposit $100. Particular commissions while trading additionally apply. Any processing fees from your bank might need 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 unfavorable, BCS Forex indicates you promptly contact customer services. With this, you can correct any imbalances within your account.
Does BCS Forex offer guaranteed stop loss?BCS Forex unfortunately, does not provide guaranteed stop loss. BCS Forex provides an opportunity for its dealers to close their trade in their specified price. Apart from this, BCS Forex does not offer guaranteed stop loss.
Does BCS Forex allow scalping?Yes, BCS Forex do allow scalping. Several traders across the world choose 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?
No, unfortunately you cannot trade German shares with BCS Forex
Does BCS Forex accept bank transfers?
Yes, BCS Forex accepts bank transfers for depositing money.
Does BCS Forex accept credit cards?
Yes, BCS Forex accepts credit cards for depositing money.
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?
Yes, BCS Forex accepts Payoneer for depositing money.
Does BCS Forex accept Neteller?
No, BCS Forex does not accept Neteller.
Does BCS Forex offer Live Chat customer support?
Yes, BCS Forex offers customer support through live chat.
Does BCS Forex offer phone customer support?
Yes, BCS Forex offers customer support over the telephone.
Does BCS Forex offer email customer support?
Yes, BCS Forex offers customer support through email.
What languages can BCS Forex communicate in?
BCS Forex has the ability to communicate and support customers who speak: English, and Chinese
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 virtual portfolio accounts so you can learn their systems before risking any real capital. New traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of BCS Forex's features before signing up for a live account.