| Forex broker | |
|---|---|
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | Suite 305, Griffith Corporate Centre, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines |
| Company owner | BCS Markets Ltd. |
| Types of support | |
| Phone Support | |
| Languages | Russian, English |
| Terminals | MetaTrader 4, MetaTrader 5 |
| Min. first deposit | From 1 USD |
| Brokerage commission | 0.003% on the NDD account |
| Lot size | From 0.01 |
| Bonuses | Loyalty Program Accumulation of bonus points |
| Leverage | Until 1:200From 1:1 |
| Spreads | From 0.2 points |
| Free demo account | |
| Adjustable | Yes |
| Regulators | Saint Vincent And The Grenadines22243 IBC 2014 by the Registrar of International Business Companies CySEC048/04 LSEBRCRCY21 |
| Licenses | Licensed CySEC №048/04 (Active) |
| Types of accounts | Demo, NDD, PRO, DIRECT, MOBILE |
| Margin call / Stop out | 100%/to 50% |
| Transaction volume | from 0.01 lot |
| Peculiarities of trade | Automated Trading |
| Order execution | Instant Execution (precise execution), Market Execution (at market price) |
| Methods of replenishment | Wire transfer, Bank cards (VISA, Mastercard, Maestro, MIR), Advcash |
| Withdrawal methods | Wire transfer, Bank cards (VISA, Mastercard, Maestro, MIR) |
| Number of assets | 500+ |
| Types of assets | Currency pairs MetalsGold, silver, platinum Stocks Indexes Raw materialsOil, natural gas |
| Account Currencies | RUB, EUR, USD |
| Liquidity providers | Currenex, GC Exchange Limited, More than 10 |
| Mobile apps | No mobile apps available |
| Weekend trading | No |
| Tournaments/competitions | No |
| Trader training | Trader's Manual, FAQ, StudyTrade Educational Platform |
| Contract Difference Commission | No |
| Swaps | No |
| PAMM trading | No |
| Analytics | Forecasts, economic calendar, reviews by experts |
| Margin trading | Yes |
| Affiliate Program | RegistrationUp to 50% from each referral's commission and up to 50% from the spread |
| Advantages | Over 500 trading tools Multi-market accounts - access to trading instruments on any financial markets. You can trade any instruments from one account 5 types of accounts for any purpose. You can choose the most favorable solutions for yourself Trade without restrictions. You can use any trading strategy, including robot trading, scalping, pipsing and trading on the news Technical perfection - the average speed of transaction execution is 0.4 seconds Several trading platforms to choose from, including BCS Trade's first smart trading app Access to proprietary analytical services Stability, reliability and high expertise in risk management |
| Company requisites | Legal name: BCS Markets Limited Legal address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines |
| Date of update | February 23, 2023 |
| Overall assessment | 9.7/10 |
BCS Forex is this a scam? Review and Customers Reviews
The Cyprus company Broker Credit Service, registered in 2004 offers a comprehensive range of services branded BCS Forex: investments, deposits, credit cards, Forex, trading etc. This is an effective broker housing within BCS Financial Group (including also BCS Bank, BCS Prime (London), BCS (Broker).
And however, is BCS Forex a scam or a reliable company, which will let you make quite a profit? We will answer this question in our today’s detailed broker overview.
BCS (Brokercreditservice) was established in 1995 and for over 20 years turned in a big financial group consisting of certain structures, each of them successfully presented in different market sectors. The today’s profile of the company: bank services, cash and settlement services, online trading, trust management, analytics, financial advisory services. To become a market leader offering the best technologies for its customers always was the mission of the company. For this, the company always develops its service and products, performs marketing.
BCS Forex exists for over ten years, that means more than 50 offices throughout Russia and over 140 thousand customers. The company is ready to offer plenty of advantages for its user: up-to-date trading platform, a wide range of trading tools, Forex market access, international public markets and the most liquid financial tools (currency, basic stores, Russian and external security assets). The broker offers one of the popular and safe terminals – MetaTrader 4 (and MetaTrader 5), powerful capabilities for easy and comfortable trading. Trading is possible also on web version BCS OptionTrader. Besides you may use the platform mobile version.
The broker offers a lot of trading accounts available for free testing on demo account. NDD accounts are to be pointed separately for their immediate accurate executions. They support easy high-frequency trading by terminal seamless operation. Forex BCS allows any tradying styles: hedging, scalping, automated trading, expert advisers etc. For traders the quality training for trading in financial markets is available. This is largely possible because there is plenty of training information and analytics posted on the website, useful even for those without trading experience. The training center also offers books, webinars, video lessons for the beginning traders.
Deposit and withdrawal methods
BCS Forex offers different deposit and withdrawal methods. For deposit the following payment service providers available:
- VISA/MasterCard,
- bank transfer (in rubles and foreign currency),
- QIWI,
- Yandex Money,
- moneta.ru,
- Internet banking (Promsvyazbank, Alfa-click, BKS Online, Sberbank Online)
The deposit may be effected in US dollars, euro and Russian rubles, the minimal payment amount isn’t limited, commission is 1,5%. We also draw your attention that there is no commission for deposit/withdrawal through BKS Bank. The withdrawal may be ordered at any time, the broker has no limits for withdrawing sums. The procedure can be completed by bank transfer only, in dollars or euro, the order handling takes around 3 days.
Complaints against BCS Forex
There are absolutely various feedback in Internet about BCS Forex, but it is true that it is mostly positive. The traders compliment the company for its reliability, smooth and convenient trading in terminal, for that the broker lets one gaining real profit easy for withdrawal. All this shows the image and success of the company delivering on promises to its users. There is not much negative feedback in internet, but they are worth for the company to consider them, to enhance services and be aware of the opinions of active traders.
The negative feedback relates mostly to withdrawal — unjustified decline response or long period of deposit allocation and withdrawing funds; some traders also point that there are just a few tools for trading on standard account.
To avoid negative when dealing with the broker, ask your account manager bonus usage pattern and funds withdrawing procedure.
It is worthwhile noting that BCS Forex works in financial service market quite long and successfully, managed to establish itself as a strong leader with recognition from traders.
BCS Forex – is it a scam?
The broker houses within the successful Financial Group BCS with the good image, providing financial services worldwide, and that is to be considered a bright spot. BCS Forex can be certainly regarded as one of the most professional and effective brokers offering the quality service for over 10 years. The safe terminal Metatrader is offered for trading thus proving the serious intentions of the broker to anchor in the market. The company has a big crowd of traders in our country, the brand is known even those not relating to financial markets, all this due to the analytics telecasting on special channels.
Besides, the company is well known in professional environment by its perfect forecasts, analytics, quality training materials complimented by traders on forums. Studying the feedback about the broker you will find it very much positive, this also may be considered as an advantage. The company website, different accounts, bonuses, twenty four – seven support also present well-though-out user care, unavailable for dupe sites. BCS Forex is certified in several countries, which brings him the best image. Despite of the fact that the broker has more advantages, there are also downsides, even if just a few.
However, is BCS Forex a scam lottery? We answer: no. The brokers houses within the high-profile financial holding certainly working on its image, questional programs and draw backs may harm it. The company proved itself as a professional successfully holding its positions. To avoid trading problems dealing with any broker we encourage you to ask your bonus usage pattern and withdrawal procedure.
Broker’s regulator
The company Broker Credit Service registered in Cyprus in 2004, has lots of international licenses and offers services branded BCS Forex. The broker is a subject to Cyprus regulation CySEC (Cyprus Securities and Exchange Commission, license no. 048/04), works under EU Directive MiFID, credentialed by London Stock Exchange (LSE), stands under the regulation of Financial Services Authority (FSA, Great Britain).
Check BCS Forex license on CySEC
Check BCS Forex license on LSE
BCS Forex bonuses
Each company trader may get the «Welcome Bonus 50$»
The broker offers a welcome bonus of 50 USD on the account. This bonus may be used both by new and current customers. To take part on this offer one needs to open a trading account DIRECT.MT5 within the offer term (from 9 August to 15 September 2017).
Conclusion
BCS Forex trading broker, considered the leader of industry, successfully works over 10 years providing the services in online trading and investments. Now, with a great database of traders and a quality product the company follows the contemporary trading trends and constantly grows. The availability of licenses, plenty of positive feedback from users also increases the level of trust and reliability. The negative feedback is just a few which proves the customer care, well considered from the word go.
We hope for the company to plan successful work with its service enhancement, keep growing. And however, is BCS Forex a scam? We answer this question with no, as the company shows the high quality of services and reliability, which its customers also point. We also ask traders to leave the fair feedback about BCS Forex, which will effect its rating on our resource and put on notice the possible troubles when dealing with it.
Reviews
- In ascending order of rating
- In descending order of rating
- New ones first
- First the old ones
- Popular ones first
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Feedback approved for publication Rate your review 000About Forex through BCS
The very fact that there is technical support can already be counted as a plus. I have contacted them a couple of times and they seem to be able to deal with everything, from the terminal to the The taxation peculiarities. It’s just even more comfortable when you’re not on your own, especially when you’re… Read more
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Feedback approved for publication Rate your review 000Forex trading for professionals and beginners. I definitely recommend the BCS forex dealer
The currency of the deposit is not only rubles, you can also use dollars and euros. I trade mostly with leverage, leverage depends on the pair, but in general they give up to 1 to 40. The minimum spread is 1.2 for the euro/dollar pair. Commissions for shorts and longs are small, regardless of the pair.
Using… Read more -
Feedback approved for publication Rate your review 000Positive forex trading experience without problems and negative consequences
Unfortunately, it is much easier to run into a scam than a bona fide forex dealer licensed by the Russian Central Bank. BCS is one of them. few. Fully regulated platform with an excellent terminal and application, which is even surprising, because normal working forex applications still I have to look… Read more
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Feedback approved for publication Rate your review 000Forex dealer BCS. An excellent platform for making money trading currencies
A functional trading platform for experienced traders and beginners. BCS gives access to a demo account, so you can practice at first. С I’ve got it all figured out in MetaTrader5, it’s really easy. The demo account is no different from the real one, only that you trade with real money, and not with… Read more
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Rate your review 00The website of the real broker BCS...
The website of the real broker BCS Markets is bcsgm.com. And you are describing a fraudulent clone.
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Rate your review 000
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Rate your review 000Not a very good company. Honestly for...
Not a very good company. Honestly for the time being, with real earnings the attitude and commission rolls down.
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Rate your review 0-10Shit kitchen! They introduced a fee for...
Shit kitchen! They introduced a fee for supposedly ‘maintenance’ for an inactive deposit account! That is, I have not traded on the account for some time, and they stole my money on it and said well, you have not traded, and the account that we serve, so they took your money. Is this normal? They introduce… Read more
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Rate your review 0-10I have been using the services of...
I have been using the services of BKS Forex for 2 years now. When I decided to study trading, I intuitively chose this company. I don’t know exactly why… I liked the website – stylish and convenient, I liked the company’s training portal. Even the name of the organization itself evokes respect for… Read more
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Rate your review 000Swaps are exposed as they want ..
Swaps are exposed as they want … for comparison from 2 to 4 Swap from 640 p increased to 1919 this is on the volume of 0.10 above the market 4 times … and you say that this company is not a scam?
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