BCS Forex
Core Spreads
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
BCS Forex was founded in 2016 and is headquartered in Cyprus, while Core Spreads was established in 2014 and is based in London. BCS Forex holds licences including Cyprus Securities and Exchange Commission (CySEC), while Core Spreads is regulated by Financial Conduct Authority (FCA) among others. BCS Forex serves 10,000+ clients worldwide; Core Spreads has 10,000+. The minimum deposit is $100 at BCS Forex and $1 at Core Spreads.
| Feature | BCS Forex | Core Spreads |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
| Founded | 2016 | 2014 |
| Country | Cyprus | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between BCS Forex and Core Spreads, directly affecting your bottom line as a trader. Core Spreads has a lower barrier to entry with a minimum deposit of $1 (vs $100 at BCS Forex). BCS Forex charges withdrawal fees while Core Spreads does not, a notable advantage for frequent withdrawers. BCS Forex applies inactivity fees on dormant accounts; Core Spreads does not. Core Spreads charges deposit fees; BCS Forex does not. Overall, Core Spreads scores higher on fees in our assessment.
| Feature | BCS Forex | Core Spreads |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
BCS Forex offers MT4, MT5, cTrader, while Core Spreads 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 | Core Spreads |
|---|---|---|
| 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 | MT4, Web Trader, 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 Core Spreads compare. BCS Forex runs regular live webinars; Core Spreads does not. Both provide video tutorials. BCS Forex publishes daily market commentary; Core Spreads 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 | Core Spreads |
|---|---|---|
| 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 Core Spreads supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | BCS Forex | Core Spreads |
|---|---|---|
| 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 Core Spreads 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 | Core Spreads |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |