BCS Forex vs Degiro, Updated for 2024
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BCS Forex vs Degiro Guide |
Read our In-Depth BCS Forex vs Degiro Review - Updated for 2024
This comprehensive analysis of BCS Forex and Degiro has been revised to reflect any changes for 2024 from industry experts boasting extensive financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of BCS Forex vs Degiro does not apply to all countries as follows:
BCS Forex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Degiro Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare BCS Forex vs Degiro
Each online trading platforms feature a few ups and downs, so a complete review of BCS Forex and Degiro would not be complete without having an objective perspective.
Assess Degiro and BCS Forex in order to understand the way these platforms stack up to each prior to you make an account. Conducting a side-by-side comparison helps to bring aspects in perspective so that you remain aware of what you should anticipate.
So you are looking for a broker and are choosing between BCS Forex or Degiro. Who should you choose?
Our BCS Forex vs Degiro comparison contains the latest information so you can easily compare Degiro against BCS Forex.
If you're a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll acquire adept at all the concepts of brokerage as you continue trading. For starters, you need to choose the right agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. BCS Forex and Degiro are just two such platforms which will take you along with your investment to great heights. It's crucial that you compare BCS Forex vs Degiro until you trust them with your money.
Our BCS Forex vs Degiro comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust BCS Forex and Degiro side by side.
Our entire BCS Forex vs Degiro Review covers all you will need to learn about trading using either BCS Forex or Degiro. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you choose them. It is a frequent 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 and Degiro are both brokers that have paved their way successfully to the broker world. Within this review, we've attempted to collate a number of the vital facets of both BCS Forex and Degiro. This review will help you to understand whether either Degiro or BCS Forex is a good match for your own investments or not. We've tried to breakdown all of the features and charges for your convenience.
Benefits of BCS Forex and Degiro Compared
BCS Forex offers a minimum deposit of $100 while Degiro has a $0 minimum deposit.
Why smaller minimum deposits are good and how BCS Forex and Degiro compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
BCS Forex has around 46 financial instruments while Degiro has around 46 financial instruments available.
The more instruments you can trade on the BCS Forex and Degiro platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of BCS Forex or Degiro.
BCS Forex and Degiro Contact Details
Being able to contact an online trading platform through many ways is vital. BCS Forex and Degiro have the following contact details and social medias that you can use.
Broker | BCS Forex | Degiro |
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BCS Forex Twitter Account | Degiro Twitter Account | |
BCS Forex Facebook Page | Degiro Facebook Page | |
BCS Forex Instagram Account | Degiro Instagram Account | |
BCS Forex LinkedIn Page | Degiro LinkedIn Page | |
YouTube | BCS Forex YouTube Channel | Degiro YouTube Channel |
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Degiro and BCS Forex Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing BCS Forex and Degiro will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
BCS Forex vs Degiro - Awards
BCS Forex vs Degiro - Frequently Asked Questions
BCS Forex vs Degiro - Headquarters And Year Of Founding
BCS Forex was founded in 2016 and has its head office in Cyprus.
Degiro was founded in 1934 and has its head office in Netherlands.
What is the minimum deposit for Degiro or BCS Forex
The minimum deposit for BCS Forex is $100.
The minimum deposit for Degiro is $0.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both BCS Forex and Degiro are a good choice.
BCS Forex vs Degiro - Regulation And Licencing In More Detail
BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC).
Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).
Both BCS Forex and Degiro have a strong set of rules for ensuring honest trading on their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare BCS Forex vs Degiro Commission And Fees
BCS Forex and Degiro are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 types of penalties for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you are paying a spread, financing speed, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are those that are billed when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither BCS Forex or Degiro charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who often exchange, for example weekly or daily trading.
However, non-trading fees charged by BCS Forex and Degiro are comparatively greater. Consequently, you're billed more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not related to the purchase and sale of resources.
This BCS Forex vs Degiro review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For BCS Forex And Degiro
Broker | BCS Forex | Degiro |
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Minimum Deposit | $100 | $0 |
Withdrawal Fees | Yes | No |
Inactivity Fees | Yes | No |
Deposit Fees | No | No |
CFD Fees | No | Yes |
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What Languages Do BCS Forex And Degiro Support?
Being able to chat completely with your trading broker is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Here you will find the languages that both BCS Forex and Degiro support.
Broker | BCS Forex | Degiro |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do BCS Forex and Degiro Have?
Both BCS Forex and Degiro are well established with their customer base. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients BCS Forex and Degiro have
Broker | BCS Forex | Degiro |
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Clients / Users | 10,000+ | 600,000+ |
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What Payment Methods Do BCS Forex and Degiro Accept?
BCS Forex and Degiro both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at BCS Forex and Degiro
Broker | BCS Forex | Degiro |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
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What Can You Trade With BCS Forex and Degiro?
BCS Forex offers 46 trading instruments and Degiro offers 84.
Below you will find a full breakdown of what both BCS Forex and Degiro offer.
BCS Forex Review
BCS Forex vs Degiro:
Table Of Contents
- Compare BCS Forex vs Degiro
- Benefits of BCS Forex and Degiro Compared
- Degiro and BCS Forex Mobile App Comparison
- BCS Forex vs Degiro - Awards
- BCS Forex vs Degiro - Frequently Asked Questions
- What is the minimum deposit for Degiro or BCS Forex
- BCS Forex vs Degiro - Regulation And Licencing In More Detail
- Compare Broker Fees For BCS Forex And Degiro
- What Languages Do BCS Forex And Degiro Support?
- How Many Clients Do BCS Forex and Degiro Have?
- What Payment Methods Do BCS Forex and Degiro Accept?
- What Can You Trade With BCS Forex and Degiro?