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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.

This BCS Forex review contains the most recent information about BCS Forex.

If you're a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will acquire proficient at all the concepts of broker since you continue trading. For starters, you need to select the right broker who will be clear with you constantly.

In this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan will generate hefty returns. BCS Forex is just one such stage which will take you and your investment into great heights. It is important to know about BCS Forex before you trust them with your money.

BCS Forex review

Our full BCS Forex Review covers all you will need to learn about trading with BCS Forex. A fantastic agent can multiply your initial investments and provide you favorable profits. If you would like to make profits, you must trade with a broker service that contrasts with your investment goals.

There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.

BCS Forex is a broker which has paved its way successfully into the broker world. Within this review, we've attempted to collate a number of the important aspects of BCS Forex. This review can help you to understand whether BCS Forex is a good match for your own investments or not. We've tried to breakdown all the features and fees for your advantage.

BCS Forex Review, Table Of Contents

Who are BCS Forex?

BCS Forex is a foreign exchange broker headquartered in Cyprus and provides a range of tools for online trading. Since its inception in 2016, BCS Forex has emerged as a top-tier player in the field of online brokerage. BCS Forex has an extremely aggressive and full-featured trading website that's focused on forex, indices, metals, sharesand commodities.

Over the past 5 years, BCS Forex has grown into one of the leading online brokers.

After establishing in 2016, their customer base has become as large as 10,000+ clients.

BCS Forex is a favorite of many dealers.. Our BCS Forex review discovered that they're an excellent choice for automated trading options. They're most appropriate for investors who are looking for a variety of assets. Social and automated trading options are the heart at BCS Forex.

Technology plays a significant role at BCS Forex. BCS Forex features trading on MT4,Desktop,iPhone/iOS. BCS Forex is honest, transparent, and also a well-regulated broker by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.

The educational department at BCS Forex is very insightful for new traders as it allows them to have a closer look at the financial markets. BCS Forex caters to all sorts of traders and are a must-have broker for almost any well-diversified method of online trading.

Benefits of trading with BCS Forex?

Trading with BCS Forex includes many advantages. These advantages are what sets BCS Forex apart from the rest of the online brokers. You should check all of the benefits listed so you have a better understanding of BCS Forex.

The broker goes to great lengths to comprehend what traders want. Consequently, the support price is low, fast, and convenient. The agent also provides a variety of programs for all types of traders. BCS Forex helps to ensure that the individual needs of all traders are completely met.

BCS Forex also features excellent trading conditions that are readily available to just an elite group of institutional clients. The tight spreads and fast executions are a fantastic benefit for those traders. The technology embraced by BCS Forex is among the highest caliber, ensuring that it is fast, reliable, and efficient.

BCS Forex acknowledges the significance of owning a quick order execution. A fast implementation enables users to exchange without fretting about slippage safely. It is going to also help the traders to catch the maximum profitable opportunities.

Automated trading is another major aspect of BCS Forex. A new dealer can learn from business experts using the automatic trading option. The tight spread begins from as low as 0.0 pips, even though they are offered for just razor balances.

BCS Forex has over 46 trading tools to support all types of traders. These instruments are dynamic and convenient for both the new and experienced traders. The traders can put aside all their worries when trading with BCS Forex.

BCS Forex overview

Year Founded: 2016

Regulated By: Cyprus Securities and Exchange Commission (CySEC)

Hedquarters: Cyprus

Minimum Deposit: $100

Number Of Clients: 10,000+

Your capital is at risk

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 ought to know about trading with BCS Forex

BCS Forex is a lively platform that provides various procedures of trading. These instruments cover the monetary markets substantially. The Majority of the broker platforms provide fewer procedures than BCS Forex

If you want to exchange with BCS Forex, you'll need a minimum deposit of $100. This deposit is required if you want to begin trading using BCS Forex. This 2021 BCS Forex review will guide you safely about trading with them.

BCS Forex is as flexible as any other broker platform. BCS Forex is excellent for traders that want a manageable assortment of low-cost services. The programs supplied by BCS Forex are third party, white-label offerings. All traders can choose out of MT4,Desktop,iPhone/iOS.

Along with everything, BCS Forex has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction must be kept open. The agents provide premium customer 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 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 become available.

BCS Forex accounts are available all over the world and provides quality service everywhere they have clients. 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:

Is BCS Forex Safe To Trade With?

Launched in 2006, BCS Forex has been open for 5 years, they are headquarted in Cyprus.

BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that make sure that trading platforms have ploicies in place to maintain investor's assets secured. This means that BCS Forex users do not need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's personal information as well.

You can make use of an option for 2 Factor Authentications (2FA) with BCS Forex for heightened safety. An SMS with the confirmation code will be sent to a mobile phone. You'll be required to input this code to log into your account.

Another concern with financial brokers with regards to security might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more widespread in the example of Market Maker agents who compete with users on the platform.

Pro's & Con's Of Trading With BCS Forex

Every online trading platform has 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 Traders Trust Afluenta Peru Sac
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $100 $100 $0 $1
Year Founded 2016 1998 2013 2009
Headquarters Cyprus Cyprus Peru Cyprus, UK
Regulated By Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ? e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC)
Clients 10,000+ 10,000+ 10,000+ 10,000+
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 collection of rules for ensuring honest trading onto its own platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, customer data is to not be shared with any 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 get started on BCS Forex is $100. This is a decent amount for people just starting out. You can make more complex deposits as you go along. But, ensure that you know how to make the most of your money before investing in larger amounts.

BCS Forex Review - Commission And Fees Explained

BCS Forex is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number 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 mainly 3 types of fees for this purpose.

The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you are spending a spread, financing speed, or even a commission. The kinds of trading fees and the prices vary from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are those who are charged when you maintain a leveraged position for longer than daily.

Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your account. They're charged for surgeries like depositing cash, not investing for long periods, or withdrawals.

In general, BCS Forex does not charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who regularly exchange, such as weekly or daily trading.

But, non-trading fees billed by BCS Forex are comparatively greater. As a result, you're charged more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale of assets.

This BCS Forex review breaks down every one of the relevant non-trading charges for you in detail.

Compare broker fees against BCS Forex

BCS Forex Traders Trust Afluenta Peru Sac
Minimum Deposit $100 $100 $0 $1
Withdrawal Fees variable 0.5%- 2.5% variable No
Inactivity Fees YEs Yes
Deposit Fees variable No
CFD Fees $50/ lot

BCS Forex Review - Withdrawal Fees Explained

BCS Forex charges a withdrawal fee when you make a bank transfer. Every time you move money back into your bank account, these withdrawal fees become applicable.

Withdrawal of cash is possible at any moment from the BCS Forex account. You can withdraw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't always have to have any money on your account.

Moreover, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent to the card. BCS Forex will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're choosing to withdraw in.

BCS Forex Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head while 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 some time. The period regarded as inactive is decided by the agent.

The inactivity fee also differs from 1 agent to another and is not generalized. If a dealers account doesn't have a purchasing or selling transaction, it is claimed by the broker as an inactivity fee. The traders have to pay this commission under conditions and terms 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 charges are implied by BCS Forex, it's better that you close the account if you're inactive. Inactivity fees aren't just charged by broker firms but also many financial services.

For other trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is exposed to many conditions and should be revealed clearly by the agent beforehand.

BCS Forex Review - Deposit Fees Explained

When you move money into your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers 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 need to finish a single-user profile survey to start depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit large sums.

BCS Forex Review - Compare Broker Deposit Methods

BCS Forex Traders Trust Afluenta Peru Sac
Minimum Deposit $100 $100 $0 $1
Credit Card

What Can You trade With BCS Forex?

Note: BCS Forex offers a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may be different based 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 currency pairs.

Compare BCS Forex, Traders Trust, Afluenta Peru Sac & below.

BCS Forex Traders Trust Afluenta Peru Sac
Platforms MT4, Desktop, iPhone/iOS MT4, Web Trader, Tablet & Mobile apps WEB, Desktop, iPhone, Mac MT4, Web Trader, Tablet & Mobile apps
Instruments Available 46 100 26 100
Forex & Crypto
Forex Pairs Available 15 60
Offers Major Forex Pairs? Yes Yes No Yes
Offers Minor Forex Pairs? No No Yes
Offers Exotic Forex Pairs? No No Yes
Offers Cryptocurrencies? No No No Yes
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? Yes Yes No
Trade Energies? Yes Yes No
Trade Agricultural? Yes No No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes No No
Trade US Shares? Yes No No
Trade German Shares? No Yes No
Trade Japanese Shares? No No No

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Your capital is at risk

Alternatives To BCS Forex

If, after reading this BCS Forex review, BCS Forex doesn't fulfill your requirements check out these BCS Forex alternatives.

We have 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 certainly try BCS Forex before you buy. BCS Forex offers demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you sign up for a demo account on BCS Forex, you may set out with a decent amount of virtual currency. It is to establish a sense of security and confidence in you until you decide to invest your own money.

With this virtual BCS Forexdemo account, you can experiment at all, to whatever period you wish. You might even open positions, test different trading approaches, and much more.

BCS Forex specifies on its official website which you are able to trade real time stocks in a demo account.

Is BCS Forex safe?

It is possible to drop all your worries since we believe that BCS Forex is completely safe to use. It's 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 multiple methods to fund your account with BCS Forex. The process is effortless and quick, with various payment methods in your fingertips.

You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must keep in mind that PayPal isn't available in all country. The currencies BCS Forex

Is my money safe with BCS Forex?

Yes, your money is safe and protected with BCS Forex. As you already know, BCS Forex operates with good conformation to. It's established plenty of measures to guard all of its own investors.

BCS Forex protects its clients' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.

If you wish to further safeguard your account, you can empower Two-Step Verification also. It requires an SMS affirmation that you access your account.

Is BCS Forex trading good?

Yes, trading via BCS Forex is a nice and good experience indeed. It's a great and intuitive platform with helpful features for your simplicity. Moreover, you could even gain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.

If you are still skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform for yourself.

Which Countries does BCS Forex support?

BCS Forex operates around the globe. However, due to regulations there are some countries that BCS Forex do 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 a great broker, and its own users may vouch for this. The highlight of this platform is its fast order execution on trades.

You will find the clean layout 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 currently among the industry leaders. It has over 10,000+ registered customers and over 5 years of experience on its own record. They are one of the world's leading trading platforms and a dominant figure in the Fintech revolution.

It simplifies this standing to its unbelievable platform and wide range of tools plus resources so that you can 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?

Using BCS Forex, many traders make a great deal of money. But on average, through continual trading, you can make between 2% - 10% profit a month.

This may seem to be a small number, but within the entire year, this adds to a substantial number of gains. Even though BCS Forex supply you all of the tools to earn money, they can't guarantee you will gain.

Does BCS Forex have fees?

Yes. To begin trading using BCS Forex, you need to deposit $100. Certain commissions while trading additionally applies. 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 broker 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 suggests you promptly contact client services. With this, you can correct any imbalances within your own account.

Does BCS Forex offer guaranteed stop loss?

BCS Forex unfortunately, does not offer guaranteed stop loss. BCS Forex provides a chance to its dealers to close their trade in their given price. Aside from that, BCS Forex doesn't provide guaranteed stop loss.

Does BCS Forex allow scalping?

Yes, BCS Forex do allow scalping. Several traders throughout the world choose BCS Forex due to their services that are trading. 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.