BCS Forex
Blitzbrokers
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Overview
BCS Forex was founded in 2016 and is headquartered in Cyprus, while Blitzbrokers was established in 1982 and is based in Hong Kong. BCS Forex holds licences including Cyprus Securities and Exchange Commission (CySEC), while Blitzbrokers is regulated by Securities and Futures Commission (SFC) among others. BCS Forex serves 10,000+ clients worldwide; Blitzbrokers has 10,000+. The minimum deposit is $100 at BCS Forex and $1 at Blitzbrokers.
| Feature | BCS Forex | Blitzbrokers |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Securities and Futures Commission (SFC) |
| Founded | 2016 | 1982 |
| Country | Cyprus | Hong Kong |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between BCS Forex and Blitzbrokers, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $100 at BCS Forex). BCS Forex charges withdrawal fees while Blitzbrokers does not, a notable advantage for frequent withdrawers. BCS Forex applies inactivity fees on dormant accounts; Blitzbrokers does not. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | BCS Forex | Blitzbrokers |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
BCS Forex offers MT4, MT5, cTrader, while Blitzbrokers supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Blitzbrokers supports social and copy trading features, which BCS Forex does not offer. BCS Forex edges ahead on platform breadth and functionality in our scoring.
| Feature | BCS Forex | Blitzbrokers |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,Desktop,iPhone/iOS | Desktop,WEB,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how BCS Forex and Blitzbrokers compare. BCS Forex runs regular live webinars; Blitzbrokers does not. Both provide video tutorials. BCS Forex publishes daily market commentary; Blitzbrokers 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 | BCS Forex | Blitzbrokers |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. BCS Forex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Blitzbrokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | BCS Forex | Blitzbrokers |
|---|---|---|
| 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 BCS Forex and Blitzbrokers 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 | BCS Forex | Blitzbrokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |