BCS Forex is a Russian dealing center with offices in 42 cities across the country. The organization develops on a one-state scale and has no foreign offices. In fact, we are talking about a division of the BCS Financial Group, a association founded in 1995 in Novosibirsk to operate in the financial markets (primarily currency and stock markets). Already in 2000, the Moscow branch was opened, as well as an Internet portal, providing customers with the opportunity to earn money online. The Group enjoys a reputation as one of russia’s oldest brokers developing in the direction of Retail Forex.
BCS Forex StructureBCS is a brand used by BrokerCreditService Cyprus Limited. As the name implies, we are talking about a company with Cypriot origin. Using offshore registration, this broker is regulated by the Cyprus Securities and Exchange Commission and operates under a CySEC license (number 048/04). To date, the company is also listed on the London Stock Exchange. The BCS Financial Group divisions have enabled the company to optimize many processes that affect the quality of its customer service. First of all, it concerns a bank that is able to act as a liquidity provider.
Trading conditionsThe BCS Forex website provides access to three packages of services aimed at working with the popular trading terminal Meta Trader 4:
- DEMO. MT4 is a demonstration account for learning and strategization;
- Lite. MT4 – trading with a minimum deposit of $1 and a step of 0.01;
- Pro. MT4 is a standard set of services for professional trading with a capital of $1,000.
- Deposits in dollars, euros and rubles;
- Instant Execution orders
- Support for currency pairs and contracts for difference (a total of 133 instruments);
- spreads from 1 p. for real trading and from 2 p. For the demo.
- Financial leverage up to 1:100;
- Standard step 0.1
- Limit/stop orders from 6 p.;
- Margin Call 100%;
- Stop Out 20%.
ConclusionThe registration process and available in “BKS Forex” personal office, as well as all other technical issues are the same as that of most competitors. Like some DCs, this company offers face-to-face education and information support services. Dedicated “BKS Forex” reviews allow you to judge the average level of quality for the modern market. At the same time, the conservative service and lack of market Execution support encourages us to consider this firm as an alternative rather than a major broker for day-to-day trading.
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VN:F [1.9.22_1171]BCS Forex, 4.