BCS Forex

BCS Forex Information

BCS Forex is an unregulated brokerage company. This firm provides more than 350tradable instruments with its popular trading platforms (MT4 and MT5). BCS Forex gives three live trading accounts and a demo account.

However, there is limited information about trading fees on its website. Furthermore, no phone support option could be a barrier for some investors.

Pros and Cons

Is BCS Forex Legit?

BCS Forex operates without regulation from any recognized financial authority. Engaging with an unregulated broker like BCS Forex carries substantial risks, and investors should be aware of the potential consequences before depositing funds.

What Can I Trade on BCS Forex?

With BCS Forex, depending on your goals and risk tolerance, you can invest in forex, cryptocurrencies, and CFDs. This firm claims to offer more than 350 tradable instruments.

Compared to some other online brokerages, BCS Forex doesn't offer as many ways to invest. For example, if you want to trade commodities, stocks, or ETFs, you won't be able to do that here.

Account Types

BCS Forex offers three live trading accounts and a demo account.

The maximum leverage of each account type is the same 1:200. The trading platform, tradable instruments, and minimum spreads change with your account type. For example, you can invest in forex and CFD with the PRO accounts. But forex is the only option with the NDD accounts. You can have a fixed spread of 1.0 pips with PRO accounts. With DIRECT accounts, the spreads are from 0.7 pips.

BCS Forex Fees

BCS Forex provides spreads from 0.2 pips. Detailed information is as follows:

Besides, there is no commission to fund your accounts.

Trading Platform

MT4 and MT5 (MetaTrader 5) are available with BCS Forex. You can apply them on multiple devices, including Windows, MAC, Android, and IOS.

Customer Support Options

For any questions you might have, help is available via email by email (support@bcsmarkets.com). There is no customer support phone number listed on the website. Some clients may find that a bit inconvenient.

The Bottom Line

While there are plenty of online brokerages out there, some may fit your needs better than others. BCS Forex could be an option if you're focused on forex and CFD trading. The popularity of its trading platforms is another selling point for investors. However, the biggest drawbacks are insufficient information about trading fees and regulatory hurdles. As you compare online brokerages, keep cost and risk firmly in mind.

FAQs

Is BCS Forex a regulated brokerage?

No, BCS Forex is not regulated by any reputable financial authority.

What account types does BCS Forex offer?

BCS Forex offers three live trading accounts (NDD, PRO, and DIRECT) and a free demo account.

Does BCS Forex offer leveraged trading?

Yes, BCS Forex provides a leverage option, which is up to 1:200.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for everyone.