BCS Forex
Startrader
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Overview
BCS Forex was founded in 2016 and is headquartered in Cyprus, while Startrader was established in 2011 and is based in Hong Kong. BCS Forex holds licences including Cyprus Securities and Exchange Commission (CySEC), while Startrader is regulated by Financial Conduct Authority (FCA) among others. BCS Forex serves 10,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $100 at BCS Forex and $50 at Startrader.
| Feature | BCS Forex | Startrader |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 2016 | 2011 |
| Country | Cyprus | Hong Kong |
| Clients | 10,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between BCS Forex and Startrader, directly affecting your bottom line as a trader. BCS Forex has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Startrader). Both brokers charge withdrawal fees. BCS Forex applies inactivity fees on dormant accounts; Startrader does not. Overall, Startrader scores higher on fees in our assessment.
| Feature | BCS Forex | Startrader |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
BCS Forex offers MT4, MT5, cTrader, while Startrader supports MT4, MT5, cTrader. BCS Forex offers a mobile trading app; mobile availability for Startrader is limited. Startrader 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 | Startrader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4,Desktop,iPhone/iOS | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how BCS Forex and Startrader 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 | Startrader |
|---|---|---|
| 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 Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | BCS Forex | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| 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 Startrader 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 | Startrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese |