General Information
BCS Forex Is An Online Broker Offering More Than 420 Tradable Instruments Including Currencies, Commodities, Stocks And Indices. BCS-Forex Ltd Was Established In 2004 And Is Registered With BCS Markets Ltd In Saint Vincent And The Grenadines. Its Partner Company, FG BCS Ltd, Is Located In Nicosia, Cyprus.
Regulatory Information
No Valid Regulatory Information
Please Be Aware Of The Risks!
Market Tools
BCS Forex Offers A Wide Range Of Financial Instruments:
· Currencies - Trade More Than 35 Spot Currency Pairs, Including EUR/GBP, USD/GBP, And AUD/USD
· Indices - Trade Eight Of The World's Leading Indices, Including The FTSE 100 And US 500, As Well As Two Russian Indices, MOEX And RTS
· Stocks - Access To More Than 40 US Stocks, Including Tesla, IBM, And Facebook, And More Than 30 Russian Stocks
· Commodities - Trade Precious Metals As Well As Oil And Gas
· Cryptocurrencies - Trade Bitcoin USD
Spreads And Commissions
Spreads Vary By Account Type. With Direct Accounts, Spreads Start From 0.7 Pips For Major Currency Pairs (e.g. EUR/USD). For NDD And Global Accounts, Spreads Start At 0.2 Pips And 1 Pip, Respectively. Please Note That Spreads Are Fixed For Professional Accounts, With EUR/USD Spreads Starting At 1 Pip. Spreads Start At Around 8 Pips For Major Indices Such As The US 500 Index, And Average Spreads For FTSE And DAX Indices Are Around 40 Pips. Other Fees Include Rollover Or Swap Fees Charged On Overnight Positions, And A Monthly Idle Fee Of $100 For Accounts That Have Been Dormant For Six Months.
Leverage
BCS Forex Offers Quite High Leverage Limits Compared To Its Competitors. Maximum Leverage Is 1:200 For All Account Types. Maximum Leverage And Minimum Required Margin Levels Vary For Specific Assets As Follows:
· Currencies - 1:200 Leverage. 0.5% Margin
· US Stocks - 1:10 Leverage. 10% Margin
· RU Stocks - 1:20 Leverage. 5% Margin
· Metals - 1:100 Leverage. 1% Margin
· Indices - 1:17 Leverage. 6% Margin
· Energy - 1:9 Leverage. 12% Margin
· Bonds - 1:50 Leverage. 2% Margin
Software - 1:12 Leverage. 9% Margin
Account Types
BCS Forex Offers Four Account Types, All Of Which Use MT4 Or MT5 And Require An Initial Deposit Of $1. Leverage Limits Remain Unchanged For All Four Options, All Of Which Are 1:200 And Have A Minimum Position Size Of 0.01 Lots.
The Main Differences Between Accounts Are; The Instruments To Trade, The Spreads Offered, The Types Of Execution And Additional Features, Such As Demo Account Availability. Both Pro And Direct Accounts Offer Demo Accounts And Are The First Choice For Beginners.
· NDD (Non-Trading Desk) - Using MT4 And MT5. Forex Trading Only
· Global - Using MT5. Trading Forex, CFDs And Cryptocurrencies
· Direct - Using MT5. Trading Forex, CFDs And Cryptocurrencies
· Pro - Using MT4. Forex And CFD Trading
Payment Methods
Deposit
BCS Forex Offers Several Free Deposit Options, Including Bank Transfers In Euros And Dollars, Bank Card Transfers In Dollars, Euros And Rubles, E-wallets (QIWI And Yandex Monday) In Rubles Only, And Internal Transfers Between Accounts In Dollars, Euros Or Rubles.
Bank Transfers Take 2 To 3 Business Days, While E-wallets, Cards And Internal Transfer Options Are Instant. All Methods Are Free, But External Fees May Apply To Credit Cards.
Withdrawals
Withdrawals Can Be Made Using The Same Options As Above, But Commission Rates Will Apply. For Bank Transfers In EUR And USD, Commissions Are €40 And $35 Respectively. Card Payments And E-wallets Are Charged At 2.5%, While Qiwi Wallet And Yandex Money Are Charged At 3.5%. Internal Transfers Are Free.
Processing Times Also Vary. E-wallets And Internal Transfers Are Instant, Card Payments Take 1 To 3 Days And Bank Transfers Take 2 To 3 Business Days.
Please Note That Internal Transfers Between Accounts Can Only Be Made Within One Trading Platform (MT4 Or MT5) And Not Between The Two.
Trading Platform
· Meta Trader 4
· Meta Trader 5
Trading Hours
Trading Hours Vary By Market And Account Type. These Are Listed On The Contract Specifications Page. Trading Hours Are 24/5 For FX, Pro, Global And Direct Accounts (Monday 0:00 To Friday 23:55 EET) And 24/5 For NDD Accounts (Monday 00:05 To 23:55 Friday Eastern Time).
For Gold, Silver And Platinum, The Market Opens At 01:00 Monday Eastern Time And Closes At 23:55 Friday.
Specific Hours For Stocks And Other Markets Can Be Checked On The Broker's Website
Customer Support
BCS Forex Customer Support Is Available Monday To Friday From 9:00 Am To 9:00 Pm GMT + 3. There Is No Phone Number, However, They Can Be Contacted By Sending An Email To Support@bcsmarkets.com Or Using The Call Back Request Form.
