BCS Forex Broker Overview

Beginnings and History: BCS Forex

BCS Forex is a subsidiary of BCS Financial Group—one of the leading Russian players in the financial services landscape. BCS is essentially an all-around broker that offers FX & CFD trading to both retail and corporate clients globally and draws on its well-developed parent company equity resources.

Mission and Vision

BCS Forex conveys higher so-called good trading conditions, complemented by advanced technology and a multi-faceted support environment. The mission statement reads as follows: BCS Forex aims to be a trusted insurer in global financial markets, with a major focus on novel and customer satisfaction events.

International Foot-Groundings

Russian headquarters cater to clients as they are eyeing Europeans and Asians with the Forex products they have been trading directly. Language-round experience coupled with localized service offerings: oriented towards diverse needs of clients from diversified regions.

Strengths vs Weaknesses

Strengths:

• Tight spreads.
• Commission-free account funding.
• Accessible trading platforms.
• Inclusion of quality analytics from experts in the service package.
• Educational materials to help novice traders master trading.

Weaknesses

• Offshore regulation.
• Inactivity fee and high swaps.
• Limited number of deposit and withdrawal methods.
• Small number of trading assets.
• Non-24/7 technical support.

Security and Regulation

License Granted

For regulation purposes, the broker operates under the established rules of the Russian financial authorities in relation to its parent organization. Though the trade is safe, an absence of larger authorities' regulation of the company (like FCA or ASIC) draws up one similar gear for all.

Segregation of Funds and Insurance

For money deposited in its name, establishment of separate bank accounts is done to ensure the safety and clarity of the funds. They would like to prove that all of them can carry out safe transactions and high-end data protection in the form of security enforcements.

Tradable Products

Forex Currency Pairs

Access more than fifty pairs of currencies, whether major, minor, or exotic, with tight spreads and high liquidity.

Commodities

Trade gold, silver, crude oil, and natural gas with high popularity with CFDs.

Indices

BCS Forex offers CFDs on markets wider and many indices like NASDAQ, S&P 500, FTSE 100, and DAX.

Shares

Get exposure to trading CFDs of some of the world's best companies anywhere, from the US and the UK to Europe.

Cryptocurrencies

Trade all the major cryptos with BCS Forex: Bitcoin, Ethereum, and Litecoin, with the most competitive spread values.

Account Types

Charges and Cost

Spreads and Commission

Standard $4 would be the amount of spread while zero on the ECN account type; however, a commission of one dollar is charged over every lot.

Swap Rates

Rate overnight charges on held positions. Swap-free Islamic accounts attract requests.

Inactivity Fee

A fee for not using the account exists when linked into the client agreement of regulations for an extended time.

Trading Platforms

MetaTrader 4

Trade BCS Forex with MT4; this is an award-winning platform endorsed with advanced charting features and plug-ins to access Autochartist-generated trading signal parameters.

MetaTrader 5

MT5 offers more and enhanced features, including multiple timeframes, a wide variety of technical indicators, and a larger range of instruments.

Mobile Trading Apps

Mobile applications for trading are available as apps increasingly making their trend towards more users of the fast-growing mobile technology market with iOS and Android.

Customer Support

How to Register

An account could be opened with BCS Forex upon filling out the registration form online; just follow the instructions where one would choose the preferred account type before forwarding scanned documents for verification.

Verification

Verification usually involves different forms like ID and government cards for identity proof, while utility bills or bank account statements are generally used to prove residence.

Deposits and Withdrawals

Payment Modes

Easy depositing with BCS Forex can be done through bank and credit/debit cards besides e-wallets options such as Neteller and Skrill.

Schedule of Deposits

Instant depositing into the account in most cases. Withdrawals may take time of 1 to 3 days between instant posting to the wallet.

Fees Associated

Most deposits have no costs attached although withdrawal could attract fees according to the preferred mode. Brokers have a detailed fee list recorded on the website where more information is held.

FAQ

Are you authorized?

While headquartered under the legal framework prevailing in Russia, BCS Forex was never accredited by international financial authorities towards meeting top-tier regulatory requirements.

What trading platforms do they currently support?

Trading-business-links have been established as the third-largest foreign exchange broker in the world, exhibiting extraordinary credibility in the year 2002, with an exceedingly large network of Dealing Desks operating "no dealing desk" operations in over 150 centers worldwide via MetaTrader 4 trading accounts.

How much in the initial sum for opening BCS Forex trading accounts be required?

$100 - as a start for the Standard Account.

What types of accounts does the broker offer?

Standard and ECN accounts offer experienced tradesmen and newbies alike.

Fees and Commissions?

Commissions are levied on ECN accounts, while normal account holders face spreads.

What is the maximum leverage the broker offers?

Leverage of 1:500 is the most that is given depending on the type of forex transactions found in any and all kinds of accounts but MFIs.

Are these trial accounts available?

They're, in fact, a way out for traders - with virtual money allowing loss-free practices.

How do I get hold of customer support?

Just add live chat, email, or even a phone call during business hours since BCS Forex customer support will be able to assist in these three languages.