BCS Forex
forexite
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 forexite was established in 2010 and is based in Switzerland. BCS Forex holds licences including Cyprus Securities and Exchange Commission (CySEC), while forexite is regulated by Financial Conduct Authority (FCA) among others. BCS Forex serves 10,000+ clients worldwide; forexite has 10,000+. The minimum deposit is $100 at BCS Forex and $250 at forexite.
| Feature | BCS Forex | forexite |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229 |
| Founded | 2016 | 2010 |
| Country | Cyprus | Switzerland |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between BCS Forex and forexite, directly affecting your bottom line as a trader. BCS Forex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at forexite). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, BCS Forex scores higher on fees in our assessment.
| Feature | BCS Forex | forexite |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
BCS Forex offers MT4, MT5, cTrader, while forexite supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. forexite supports social and copy trading features, which BCS Forex does not offer. The two brokers are closely matched on platform offering.
| Feature | BCS Forex | forexite |
|---|---|---|
| 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, Mac, ZuluTrade, Web Trader, cTrader, 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 forexite 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 | forexite |
|---|---|---|
| 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 forexite supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). forexite uniquely supports PayPal and Skrill and Neteller among the two brokers. forexite scores higher on deposit and withdrawal flexibility.
| Feature | BCS Forex | forexite |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 forexite offer live chat support. Both provide phone support. Email support is available at both brokers. BCS Forex supports 2 languages and forexite supports 8, giving forexite broader global reach. Both brokers are comparable on support quality.
| Feature | BCS Forex | forexite |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |