Corporate Profile
Begin Capital Markets (BCM) Founded In 2005 , Is An Online Trading Platform Headquartered In Cyprus . BCM Provides Trading Services For A Variety Of Financial Products To Clients Around The World, Including Forex, Commodities, Indices, Stocks And Cryptocurrencies . The Platform Provides Trading Capabilities Through MetaTrader 5 And Supports Demo Accounts For Traders To Practice.
As Of 2023 , BCM Has Terminated Operations And No Longer Provides Any Services . This Decision May Be Related To Licensing Issues With Its Regulatory Authority Cyprus Securities And Exchange Commission (CYSEC) .
Regulatory Information
BCM Was Originally Regulated By Cyprus Securities And Exchange Commission (CYSEC) With License Number 274/15 . However, CYSEC's License Has Been Revoked By , Indicating That BCM Has Failed To Comply With The Regulator's Requirements. This Incident Has Seriously Affected BCM's Compliance And Market Reputation.
Furthermore, BCM Originally Operated Under The Licensed Name Of Straight-Through Processing (STP) , A Model Designed To Provide Traders With Fast, Transparent Trade Execution. However, The Revocation Of The License Has Made This Advantage Lost.
Trading Products
BCM Offers A Wide Range Of Trading Products Covering A Wide Range Of Financial Marekt:
- Forex: Major Currency Pairs (e.g. EUR/USD, GBP/USD) And Minor And Exotic Currency Pairs.
- Commodities: Gold, Silver, Crude Oil, Natural Gas, Etc.
- Indices: S & P 500, NASDAQ, FTSE 100, Etc.
- Stocks: Stocks Of Listed Companies From Multiple Industries Around The World.
- Cryptocurrencies: Offers Trading On Major Cryptocurrencies Such As Bitcoin, Ethereum, Etc.
This Diverse Trading Product Offers Traders A Wealth Of Investment Options.
Trading Software
BCM Uses MetaTrader 5 (MT5) As Its Core Trading Platform. MT5 Provides Advanced Analytical Tools , Multi-time Frame Charts And Multiple Order Types . Its Features Include:
- Market Depth: Displays Pending Orders For Real-time Bid And Ask Price Orders. ScriptId Strategy Testing: Supports The Writing And Testing Of Automated Trading Strategies.
- Community Chat: Exchange Market Views With Other Traders.
Although MT5 Was A Powerful Tool, The Discontinuation Of BCM Made These Features Unusable.
Deposit And Withdrawal Methods
BCM Offers A Variety Of Deposit And Withdrawal Methods, Including:
- Bank Telegraphic Transfer
- Credit/Debit Card (e.g. Visa, MasterCard)
- Electronic Wallet (e.g. Skrill, Neteller)
However, The Minimum Deposit Amount For Traders Is $100 , And Deposit And Withdrawal Fees May Vary Depending On The Transaction Method. For Example, There Will Be A 1.5% Processing Fee For Credit Card Withdrawals .
Customer Support
BCM Provides The Following Customer Support Contact Details:
- Tel: + 357 25 030 565
- Email: INFO@BEGINC _APPLICATION_INTERFACE_TALMARKETS. COM
However, Traders Need To Be Aware Of The Following:
- BCM Does Not Provide 24/7 Support .
- Traders Do Not Have Direct Access To BCM's Physical Offices.
Core Business And Services
BCM's Core Business Is Focused On Providing A Diverse Range Of Trading Products And Flexible Account Structures. Its Main Services Include:
- Account Types: Mini Account (minimum Deposit Of $100), Standard Account And VIP Account.
- Leverage: Offers Leverage Up To 1:500 , Allowing Traders To Trade On A Larger Scale With Limited Funds.
- Spreads: Competitive Spread Levels Starting From 1.0 Pips .
Technical Infrastructure
BCM's Technical Infrastructure Is Based On MetaTrader 5 , Which Is Known For High Trading Speed And Stable Performance . However, BCM's Discontinuation Of Operations Has Made It Impossible For Its Technical Infrastructure To Continue Serving Traders.
Compliance And Risk Control System
Although BCM Was Originally Regulated By The CYSEC, The Revocation Of The License Indicates A Problem With Its Compliance. In Addition, BCM's Risk Management System Is Not Publicly Detailed, Which Makes It Difficult To Ensure The Safety Of Traders' Funds.
Market Positioning And Competitive Advantage
BCM's Main Competitive Advantage Is Its Diverse Trading Products And Low Minimum Deposit Requirements . However, Its Disadvantages Include:
- Limited Deposit And Withdrawal Options
- Lack Of 24/7 Customer Support
- Undisclosed Financials
Customer Support And Empowerment
BCM Provides Traders With A Demo Account That Allows Users To Practice Trading In A Risk-free Environment. In Addition, Traders With Standard And VIP Accounts May Receive Additional Support Services Such As Direct Communication With Analysts.
However, BCM Has Limited Customer Support Services And A Lack Of Physical Offices, Which May Cause Inconvenience To Some Traders.
Social Responsibility And ESG
As Of 2023 , BCM Has Not Made Public Its Social Responsibility Or ESG (environmental, Social, Governance) Policies. This Shows Its Lack Of Transparency In Terms Of Sustainability.
Strategic Collaboration Ecology
BCM Has Not Made Public Information On Its Strategic Partnerships Or External Partners. This Makes It Difficult To Assess Traders' Ecosystem Dependencies.
Financial Health
BCM's Financial Position Is Not Made Public, Which Makes It Difficult To Ensure The Safety Of Traders' Funds. Lack Of Financial Transparency May Have A Negative Impact On Traders' Trust.
Future Roadmap
Since BCM Has Discontinued Operations, The Future Roadmap Is No Longer Knowable. Traders Should Avoid Further Cooperation With BCM To Reduce Latent Risk.
Conclusion
Begin Capital Markets (BCM) Used To Be An Online Trading Platform Offering Diverse Trading Products And Flexible Account Structures. Its MetaTrader 5-based Trading Features And Lower Minimum Deposit Requirements Provide Traders With Convenience. However, The Revocation Of Licenses And Termination Of Operations Have Made It Impossible For BCM To Continue Providing Services To Traders.
When Choosing A Broker, Traders Should Prioritize Compliance, Financial Transparency And Reliable Services To Reduce Risk.
