Forex broker BCS was established in 2004 and is focused on the Russian market. The broker is owned by BCS-Forex Limited, which is registered in the offshore zone of St. Vincent and the Grenadines. Recently, the broker applied for a Russian license for Forex. Forex broker BCS is part of the Russian financial group BCS, which includes BCS Bank, licensed as a bank in Russia, BCS Prime Brokerage Limited, which falsely claims to be registered and regulated by the British FCA, BrokerCreditService (Cyprus) Limited is a licensed CySEC forex broker and the aforementioned BCS-Forex Limited. The broker has a long history in the market and a large number of successful traders, but if you do not want to trade on the platform of an unregulated broker, then BTS will not suit you.
The BCS broker offers five types of real trading accounts. The main differences between them are the trading platform, the type of execution (stock, market and instant) and spreads. Keep in mind that NDD accounts offer forex trading only and include a commission. The MT4 platform also has a free demo account. In the portfolio of this broker accrues more than 300 instruments and there is also the opportunity to trade binary options. What will please many traders is the amount of the minimum deposit, which is only 1 U.S. dollar. The deposit can be accrued in rubles, euros or dollars.
Trading platform and terms of trade.
BCS offers trading on the most popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is still a more popular trading platform than its successor, but MT5 is gaining popularity, especially after the introduction of the hedging option in the spring of 2016. Trading advisors, calendars and analytical graphs for convenience and quality trading of traders are also available on the platform. For novice traders, demo accounts are available where they can master the available tools and think through their trading plan.
In addition, the broker allows trading futures, options and shares, in addition to CFDs and Forex. To attract new customers and to encourage already trading, the company offers promotions and bonuses. For example, BCS created a special promotion for VIP customers, which offers miles that can be exchanged for a plane ticket. To obtain VIP client status, you need to have at least $20,000,000 in your account. In general, the terms of trade are not very different from the rest of the brokers existing on the market, but the deposit amount is really low, which attracts many traders. Therefore, trading on the platform is quite diverse and interesting. To become a market participant with this broker it is enough to register on the official website, leaving your personal details and account details. To begin with, you can register on a demo account or make a deposit to start trading on a real account today.
To make a Forex deposit, the BCS broker accepts payments through bank transfers and credit/debit cards. Another option is Russian online banking systems BCS Online, Alpha-Click, Sberbank Online and Promslinkbank. Customers can also make deposits through online payment portals ziwi, Yandex Money and Moneta.ru. Funds arrive in the account within a short time from an hour to a maximum of one working day. In rare cases such as official holidays and weekends payment can be delayed and shipping increase in a period of two to three days. Withdrawal occurs it seems like the trader is enough to leave the application in his personal office, it will be reviewed and processed by the manager within 24 hours. Often the money comes to the client’s account within two to three calendar days. It is important to understand that the application for withdrawal should be submitted in advance, as weekends and holidays are possible, which increases the period of transfer of funds. In very rare cases, the funds arrive within 7 calendar days.
The company operates both online and in telephone mode. Traders can trade using mobile devices, computers and tablets. Platform
supported on Windows Phone, Android, iOS, and all pc operating systems. Representatives of the company are ready to answer any questions and help with opening or closing transactions via online chat, email or phone. Managers provide technical support in languages such as Russian, English, Polish and Lithuanian. The platform is quite convenient and understandable for traders.