BCS Forex
CMC Markets
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Overview
BCS Forex was founded in 2016 and is headquartered in Cyprus, while CMC Markets was established in 1989 and is based in UK. BCS Forex holds licences including Cyprus Securities and Exchange Commission (CySEC), while CMC Markets is regulated by Financial Conduct Authority (FCA) among others. BCS Forex serves 10,000+ clients worldwide; CMC Markets has 10,000+. The minimum deposit is $100 at BCS Forex and $200 at CMC Markets.
| Feature | BCS Forex | CMC Markets |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
| Founded | 2016 | 1989 |
| Country | Cyprus | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between BCS Forex and CMC Markets, directly affecting your bottom line as a trader. BCS Forex has a lower barrier to entry with a minimum deposit of $100 (vs $200 at CMC Markets). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. The two brokers are broadly comparable on fee structure.
| Feature | BCS Forex | CMC Markets |
|---|---|---|
| Min. Deposit | $100 | $200 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
BCS Forex offers MT4, MT5, cTrader, while CMC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | BCS Forex | CMC Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,Desktop,iPhone/iOS | Web Trader, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how BCS Forex and CMC Markets 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. The two brokers are evenly matched on educational content.
| Feature | BCS Forex | CMC Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 CMC Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | BCS Forex | CMC Markets |
|---|---|---|
| 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 CMC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. BCS Forex supports 2 languages and CMC Markets supports 8, giving CMC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | BCS Forex | CMC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian |