amarkets
BCS Forex
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Overview
amarkets was founded in 2016 and is headquartered in United Kingdom, while BCS Forex was established in 2016 and is based in Cyprus. amarkets holds licences including Financial Conduct Authority (FCA), while BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. amarkets serves 1,000,000+ clients worldwide; BCS Forex has 10,000+. The minimum deposit is $250 at amarkets and $100 at BCS Forex.
| Feature | amarkets | BCS Forex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | 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-F223 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2016 | 2016 |
| Country | United Kingdom | Cyprus |
| Clients | 1,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between amarkets and BCS Forex, directly affecting your bottom line as a trader. BCS Forex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at amarkets). Both brokers charge withdrawal fees. BCS Forex applies inactivity fees on dormant accounts; amarkets does not. amarkets charges deposit fees; BCS Forex does not. Overall, BCS Forex scores higher on fees in our assessment.
| Feature | amarkets | BCS Forex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
amarkets offers MT4, MT5, cTrader, while BCS Forex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | amarkets | 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how amarkets and BCS Forex compare. BCS Forex runs regular live webinars; amarkets does not. Both provide video tutorials. BCS Forex publishes daily market commentary; amarkets 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 | amarkets | 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. amarkets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while BCS Forex supports 2 (bank transfer, credit/debit card). amarkets uniquely supports PayPal and Skrill and Neteller among the two brokers. amarkets scores higher on deposit and withdrawal flexibility.
| Feature | amarkets | BCS Forex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both amarkets and BCS Forex offer live chat support. Both provide phone support. Email support is available at both brokers. amarkets supports 8 languages and BCS Forex supports 2, giving amarkets broader global reach. Both brokers are comparable on support quality.
| Feature | amarkets | BCS Forex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |