BCS Forex
C 7 Traders
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Overview
BCS Forex was founded in 2016 and is headquartered in Cyprus, while C 7 Traders was established in 2014 and is based in Vanuatu. BCS Forex holds licences including Cyprus Securities and Exchange Commission (CySEC), while C 7 Traders is regulated by Unregulated among others. BCS Forex serves 10,000+ clients worldwide; C 7 Traders has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | BCS Forex | C 7 Traders |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Unregulated |
| Founded | 2016 | 2014 |
| Country | Cyprus | Vanuatu |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between BCS Forex and C 7 Traders, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. BCS Forex charges withdrawal fees while C 7 Traders does not, a notable advantage for frequent withdrawers. BCS Forex applies inactivity fees on dormant accounts; C 7 Traders does not. Overall, C 7 Traders scores higher on fees in our assessment.
| Feature | BCS Forex | C 7 Traders |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
BCS Forex offers MT4, MT5, cTrader, while C 7 Traders supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. C 7 Traders 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 | C 7 Traders |
|---|---|---|
| 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 | Metatrader 4 - desktop, iOS and Android versions available. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how BCS Forex and C 7 Traders compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. BCS Forex scores higher overall in education and research.
| Feature | BCS Forex | C 7 Traders |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
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 C 7 Traders supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | BCS Forex | C 7 Traders |
|---|---|---|
| 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 C 7 Traders 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 | C 7 Traders |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |