BCS Forex
Finmax
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Overview
BCS Forex was founded in 2016 and is headquartered in Cyprus, while Finmax was established in 2008 and is based in Bulgaria. BCS Forex holds licences including Cyprus Securities and Exchange Commission (CySEC), while Finmax is regulated by Financial Services Authority (FSA) among others. BCS Forex serves 10,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $100 at BCS Forex and $0 at Finmax.
| Feature | BCS Forex | Finmax |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Services Authority (FSA) |
| Founded | 2016 | 2008 |
| Country | Cyprus | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between BCS Forex and Finmax, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $100 at BCS Forex). BCS Forex charges withdrawal fees while Finmax does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Finmax scores higher on fees in our assessment.
| Feature | BCS Forex | Finmax |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
BCS Forex offers MT4, MT5, cTrader, while Finmax 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 | Finmax |
|---|---|---|
| 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,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how BCS Forex and Finmax compare. BCS Forex runs regular live webinars; Finmax does not. BCS Forex has a video library; Finmax does not. BCS Forex publishes daily market commentary; Finmax does not. BCS Forex integrates third-party research tools (Trading Central, Autochartist); Finmax does not. BCS Forex maintains an archive of past webinars for on-demand viewing. BCS Forex scores higher overall in education and research.
| Feature | BCS Forex | Finmax |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 Finmax supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | BCS Forex | Finmax |
|---|---|---|
| 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 Finmax 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 | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |