Detailed review of BCS Markets

06.07.2020

Year of foundation

2004

Site

https://bcsmarkets.com

Software

MT4, MT5, BCS TRADE

Payment systems

Plastic cards, Bank transfers, Electronic wallets (QIWI Wallet, Yandex Money), Online banking (BCS Online, Alfa Click)

Affiliate program

Да

Rating

5.5

  1. General Information
  2. Terms of trade
  3. Contact info

Forex broker BCS Markets is a part of BCS Financial Group that has been operating on the market since 1995. In 2015 the company was rated AAA by the National Rating Agency of the Russian Federation. This indicates the reliability of the broker, which is further confirmed by the license of the Federal Financial Markets Service.

General Information

BCS Markets provides clients with access to stock, currency, commodity and other financial markets. Traders can use more than 300 investment instruments at Russian and foreign exchanges. The company has a permission to conduct brokerage and dealer activity. The elaborate system of personal data protection allows BCS Markets to provide investors with the safest possible online trading.

The feedback from the company's clients is mixed. Many traders note the convenient trading conditions, variety of instruments and account types. Some investors remained dissatisfied with the quality of service. 

Ways to deposit and withdraw funds Currency and ruble bank transfer, Visa and MasterCard, MIR, BCS Online, Alfa-Click, electronic wallets QIWI, ADVCASH
Software MT4, MT5, BCS TRADE
Demo account Yes
Spread from 0.02
Account currency EUR, USD, RUB
Minimum deposit $1
Mobile application Yes
Affiliate Program  Yes
Leverage 1:200 
Place of registration St. Vincent and the Grenadines
Customer Service phone/email

Since April 2021 BCS Forex Company changed its domain and corporate name to BCS Market, so clients can work with the broker on the new website. The trading conditions are almost unchanged.

BCS Forex изменил домен

 

Terms of trade

An important advantage of forex broker BCS is the ability to use popular trading terminals, assets and instruments. One of the disadvantages (especially for beginners) is the lack of protection against negative balance. Many brokers, such as Barclay Stone CFD, have such a feature. "BCS Markets" offers traders to use training courses, reviews, analytics and other materials that can be found on the company's official website. 

The broker gives traders complete freedom when choosing a strategy. On the trading floor it is possible to use:

  • hedging;
  • scalping;
  • trailing stops;
  • automated trading.

Since 2021 the company's branded mobile application, BCS Trade, has been in operation. The new app has a user-friendly interface and allows you to quickly open transactions in real time. The BCS Trade application allows trading in currency pairs, metals and cryptocurrencies. Instant execution and Market execution modes make playing on the market as productive and comfortable as possible. You can enter your personal cabinet, manage accounts, trade and perform other operations both on the mobile and desktop platform.  

Types of accounts:

NDD Used in MT4, MT5 terminals for trading currency pairs. Spread starts from 0.2 pips. Opening a demo account is not available. 
PRO Suitable for professional online trading in the MT4 terminal. Spread is fixed - 1 pip. You can use Forex and CFD instruments, as well as open a demo account.
DIRECT Available on the MT5 platform for trading Forex, Cryptocurrencies, CFDs. Opening a demo account is available.  

Benefits of BCS Markets

  • Low spreads (fixed and floating).
  • Convenient trading conditions for the application of different strategies.
  • Professional analytics and regular detailed market reviews.
  • Possibility to connect to the service of autocopying of deals - MQL5.
  • Minimum deal volume from 0.01 lots.

Disadvantages of BCS Markets

  • Support service does not work on weekends.
  • There are no generated accounts.
  • The broker does not have a license from the international regulator. 
  • There are no cent accounts.

Contact info

Site https://bcsmarkets.com/trading/account/ 
Phone 8 800 500 10 70
+7 499 677 10 70 (For international calls)
E-mail [email protected]

 

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