Established in 2004, BCS Forex is a Russian online trading broker that offers easy access to trade forex, stocks, cryptocurrencies, CFDs, and other financial assets. The broker operates the STP execution model, which offers access to the interbank markets. Their clients are given access to the popular MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. There are various learning resources, useful trading tools, and a client support team to assist traders. Other essential features of the broker include zero commissions, multiple account types, spreads from 0.2 pips, and leverage of up to 1:200. The minimum deposit required to start trading is $1.
BCS Forex Review Introduction
In this BCS Forex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including BCS Forex.
BCS Forex Platforms & Tools
BCS Forex allows traders to buy and sell various financial assets using the MT4 and MT5 trading platforms. These are advanced trading platforms that were developed by the Russian software company known as MetaQuotes. The MT4 trading platform is packed with advanced trading tools and offers unhindered access to various financial markets. In contrast, the MT5, which was developed to succeed the MT4, has even more trading tools and capabilities, including nine chart types and 21 timeframes. MT5 is a more advanced multi-asset platform for trading currencies, metals, stock exchange instruments, and hundreds of other derivative assets. The Mt4 and MT5 trading platforms are available as desktop applications for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS mobile devices.
The broker provides traders with standalone trading tools to help them get the most out of their trades. These useful trading tools include trading signals, expert reviews, economic calendars, and more.
BCS Forex Research & Education
The provision of educational resources is a good way to improve clients’ trading skills and knowledge. As a result, the broker provides traders with various learning resources, including 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 Trading Accounts
There is a choice of three live trading account options at BCS Forex, including the NDD, Pro, and Direct accounts. The minimum deposit required to start trading is $1. In addition, the broker offers a demo account to help traders familiarize themselves with the broker’s platforms before opening a live trading account.
BCS Forex Account Funding
At BCS Forex, all account deposits and withdrawal requests are processed using bank transfers, credit/debit cards, internet banks, and internal transfers.
BCS Forex Customer Service
There is a knowledgeable client support team on the broker’s website to help traders with any assistance they may need. The support team is available 24/5 and can be reached via telephone, email, online chat, online feedback form, and social media.
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 Review Summary
Based in Moscow, Russia, BCS Forex is an online financial services provider that provides traders with sophisticated trading platforms for trading various financial assets. They provide traders with helpful trading and learning tools and a responsive client support team to assist them. The minimum deposit required to operate a live trading account is $1. The broker is not regulated by any known financial authority at the moment.
It is worth mentioning that some of the trading products and services in this BCS Forex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the BCS Forex broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.