BCS Forex

BCS Forex | 2024-09-30 15:12

Lời nói đầu：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.

Company Name	BCS Forex
Founded Year	2020
Regulation	Unregulatory
Minimum Deposit	N/A
Maximum Leverage	1:200
Spreads	From 0.2 pips
Trading Platforms	MetaTrader 4, MetaTrader 5
Tradable Assets	Forex, CFDs, and Cryptocurrencies
Account Types	NDD, PRO, and DIRECT accounts
Demo Account	Available
Customer Support	Email
Deposit & Withdrawal	N/A

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

Pros	Cons
350+ tradable instruments	No valid regulatory certificates
Leverage options available (up to 1:200)	Limited customer support options
Popular trading platforms (MT5, MT4)	Limited information about trading fees
Multiple languages support
Offering a demo account

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.

Tradable Instruments	Supported
Forex	✔
Cryptocurrencies	✔
CFDs	✔
Futures	❌
Commodities	❌
Stocks	❌
Bonds	❌
ETFs	❌
Mutual Funds	❌

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.

Feature	NDD	PRO	DIRECT
Trading Platform	MetaTrader 4/5 (PC, iOS, Android)	MetaTrader 4 (PC, iOS, Android)	MetaTrader 5 (PC, iOS, Android)
Instruments for Trading	38 (FOREX)	135 (FOREX, CFD)	135 (FOREX, CRYPTO, CFD)
Minimum Spreads (EUR/USD)	from 0.2 points	1 point (fixed)	from 0.7 points
Maximum Leverage	1:200	1:200	1:200
Execution Type	Market Execution	Instant Execution	Instant Execution

BCS Forex Fees

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

Account Types	Spreads
NDD	From 0.2 pips
PRO	1.0 pips (fixed)
DIRECT	From 0.7 pips

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.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows, MAC, IOS, Android	Investors of all experience levels
MT4	✔	Windows, MAC, IOS, Android	Investors of all experience levels
Proprietary platform	❌

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.

Contact Options	Details
Phone	❌
Email	support@bcsmarkets.com
Support Ticket System	❌
Online Chat	❌
Social Media	❌
Supported Language	Multiple
Website Language	Multiple
Physical Address	❌

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.