Alpha Capital Markets
BCS Forex
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Overview
Alpha Capital Markets was founded in 1999 and is headquartered in UK, while BCS Forex was established in 2016 and is based in Cyprus. Alpha Capital Markets holds licences including Unregulated, while BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Alpha Capital Markets serves 10,000+ clients worldwide; BCS Forex has 10,000+. The minimum deposit is $0 at Alpha Capital Markets and $100 at BCS Forex.
| Feature | Alpha Capital Markets | BCS Forex |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1999 | 2016 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alpha Capital Markets and BCS Forex, directly affecting your bottom line as a trader. Alpha Capital Markets has a lower barrier to entry with a minimum deposit of $0 (vs $100 at BCS Forex). BCS Forex charges withdrawal fees while Alpha Capital Markets does not, giving Alpha Capital Markets an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Alpha Capital Markets scores higher on fees in our assessment.
| Feature | Alpha Capital Markets | BCS Forex |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alpha Capital Markets offers MT4, MT5, cTrader, while BCS Forex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alpha Capital Markets supports social and copy trading features, which BCS Forex does not offer. The two brokers are closely matched on platform offering.
| Feature | Alpha Capital Markets | BCS Forex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | MT4,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alpha Capital Markets and BCS Forex compare. BCS Forex runs regular live webinars; Alpha Capital Markets does not. Both provide video tutorials. BCS Forex publishes daily market commentary; Alpha Capital Markets does not. Both integrate third-party research tools. BCS Forex maintains an archive of past webinars for on-demand viewing. BCS Forex scores higher overall in education and research.
| Feature | Alpha Capital Markets | BCS Forex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alpha Capital Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while BCS Forex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alpha Capital Markets | BCS Forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alpha Capital Markets and BCS Forex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alpha Capital Markets | BCS Forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |