BCS Forex appeared on the world financial market relatively long ago, in 2004. That is, this is not a one-day company, but a solid company with extensive practical experience in professional activity. Of course, this can only be asserted by being convinced of the absolute truthfulness of the information.
If the fact is not confirmed, then it turns out that BCS Forex is a scam. The trader cannot influence the situation in any way, because the broker sets the rules of the game on the market. But you can always change the company if you are not satisfied with the quality of service.
Is BCS Forex ready to compromise for the sake of cooperation?
In order to earn on the margin to the spread and count on large trading turnovers of clients, it is necessary to create conditions for traders that will be acceptable and most suitable for them. Work in this direction allowed BCS Forex to offer registered users:
- Replenishment of an account with BCS Forex is available without commissions, provided that you use plastic cards and e-wallets. The account currencies approved for making transfers are euro, dollar, Russian ruble. In this case, the transfer amount is not limited. As expected, BCS Forex withdraws funds to the same financial channels.
- Most modern platforms MetaTrader 4 and 5, suitable for all markets due to its versatility. Traders can choose whichever option they are used to. For this reason alone, they will not write negative reviews about BCS Forex. The fact is that the functionality of the platforms is different. The new version offers previously unavailable options, but imposes a ban on financial transactions, which are familiar to those who have devoted most of their trading career to working with the fourth version. The key differences relate to interface design, order locking, variety of timeframes and other technical details.
- Stock traders are offered comfortable conditions for carrying out the most profitable trading with BCS Forex broker for instruments with the highest degree of liquidity.
- Materials for training are presented in an assortment. A short educational program can be obtained through familiarization with the section of the most frequently asked questions.
- Allowed trading robots – this is a great opportunity to automate the routine tasks of manual trading.
- On the official website of BCS Forex, you can follow the news and receive up-to-date forecasts from experts. The economic calendar is an integral part of successful work in the market.
For which categories of traders are trading accounts intended?
There are 4 types of accounts:
- Global . Purpose – opening of global trading through a single trading account. You can work with more than 110 instruments. Execution mode – Exchange Execution. Access to the exchange “depth of market” is provided.
- NDD . Market execution at the best prices from leading liquidity providers. Dealing non-interference.
- Pro . Classic four-digit trading with fixed spreads for currency pairs.
- Direct . Direct access to liquidity without commissions. Leverage – up to 1: 200.
The minimum deposit requirements are the same for all accounts, and correspond to an amount of $ 1. On this point, traders’ reviews about BCS Forex are ambiguous, because with such a volume of finance on the market, in fact, there is nothing to do. The most you can do is test one function on a single financial instrument. It will take you out of the market in a matter of seconds.
Minimum lot – from 0.01. For stop and limit orders, a level of 6 pips can be set. The margin call value is 100%. The stop out is activated at 50, 35 and 20 percent. Telephone dealing is allowed, but not always. Demo accounts are provided for use by traders only on Pro and Direct accounts.
Is the intermediary’s activity legal?
The company is registered on the territory of Saint Vincent and the Grenadines, and this is the only reason why many people think that BCS Forex is a fraud, since it has chosen an offshore zone. As a counterbalance, it is possible to bring the regulated activity on the part of CySEC and LSE.
