BCS Forex Review

BCS Forex
Up to 50 USD on account
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Overview

Cyprus company Broker Credit Service, registered in 2004, offers a comprehensive range of services branded BCS Forex.

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Details

BrokerBCS Forex
Website URLforex-bcs.com
Founded2004
Headquarters168 Makarios, III Avenue, Geopyxis Center, Office 2, Limassol, Cyprus
Support Number8-800-333-53-36, +7 (495) 785-55-44, +357-25-822-734
Support TypesChat, telephone, e-mail
Minimum 1st Deposit1$
Minimum Trade Amount1$
BonusUp to 50 USD on account
PayoutUp to 100%
Leverage1:1-1:200
Spreadfrom 0,2 points
Free Demo Account Open Demo
Regulated Yes
RegulationCySEC (№ 048/04)
Account TypesDemo, NDD.MT5, NDD.MT4, PRO.MT4, DIRECT.MT5
Deposit MethodsBank transfer VISA, MasterCard, QIWI, Yandex Money, moneta.ru, Alfa-click, BKS Online, Sberbank Online etc.
Withdrawal MethodsBank transfer VISA, MasterCard, QIWI, Yandex Money, moneta.ru, Alfa-click, BKS Online, Sberbank Online etc.
Types of AssetsCurrency pairs, Forex, СFD, metals
Trading CurrencyUSD, EUR, RUB
US Traders Allowed No
Mobile Trading Yes
Overall Score7/10

Full Review


The Cyprus company Broker Credit Service, registered in 2004 offers a comprehensive range of services branded BCS Forex: investments, deposits, credit cards, Forex, trading etc. This is an effective broker housing within BCS Financial Group (including also BCS Bank, BCS Prime (London), BCS (Broker).

And however, is BCS Forex a scam or a reliable company, which will let you make quite a profit? We will answer this question in our today’s detailed broker overview.

BCS (Brokercreditservice) was established in 1995 and for over 20 years turned in a big financial group consisting of certain structures, each of them successfully presented in different market sectors. The today’s profile of the company: bank services, cash and settlement services, online trading, trust management, analytics, financial advisory services. To become a market leader offering the best technologies for its customers always was the mission of the company.  For this, the company always develops its service and products, performs marketing.

BCS Forex exists for over ten years, that means more than 50 offices throughout Russia and over 140 thousand customers. The company is ready to offer plenty of advantages for its user: up-to-date trading platform, a wide range of trading tools, Forex market access, international public markets and the most liquid financial tools (currency, basic stores, Russian and external security assets). The broker offers one of the popular and safe terminals – MetaTrader 4 (and MetaTrader 5), powerful capabilities for easy and comfortable trading. Trading is possible also on web version BCS OptionTrader. Besides you may use the platform mobile version.

The broker offers a lot of trading accounts available for free testing on demo account. NDD accounts are to be pointed separately for their immediate accurate executions. They support easy high-frequency trading by terminal seamless operation. Forex BCS allows any tradying styles: hedging, scalping, automated trading, expert advisers etc. For traders the quality training for trading in financial markets is available. This is largely possible because there is plenty of training information and analytics posted on the website, useful even for those without trading experience. The training center also offers books, webinars, video lessons for the beginning traders.

 

Deposit and withdrawal methods

BCS Forex offers different deposit and withdrawal methods. For deposit the following payment service providers available:

  • VISA/MasterCard,
  • bank transfer (in rubles and foreign currency),
  • QIWI,
  • Yandex Money,
  • moneta.ru,
  • Internet banking (Promsvyazbank, Alfa-click, BKS Online, Sberbank Online)

The deposit may be effected in US dollars, euro and Russian rubles, the minimal payment amount isn’t limited, commission is 1,5%. We also draw your attention that there is no commission for deposit/withdrawal through BKS Bank. The withdrawal may be ordered at any time, the broker has no limits for withdrawing sums. The procedure can be completed by bank transfer only, in dollars or euro, the order handling takes around 3 days.

 

Complaints against BCS Forex

There are absolutely various feedback in Internet about BCS Forex, but it is true that it is mostly positive. The traders compliment the company for its reliability, smooth and convenient trading in terminal, for that the broker lets one gaining real profit easy for withdrawal.  All this shows the image and success of the company delivering on promises to its users. There is not much negative feedback in internet, but they are worth for the company to consider them, to enhance services and be aware of the opinions of active traders.

The negative feedback relates mostly to withdrawal — unjustified decline response or long period of deposit allocation and withdrawing funds; some traders also point that there are just a few tools for trading on standard account.

To avoid negative when dealing with the broker, ask your account manager bonus usage pattern and funds withdrawing procedure.

It is worthwhile noting that BCS Forex works in financial service market quite long and successfully, managed to establish itself as a strong leader with recognition from traders.

If we find complaints about BCS Forex, we will post it on social media. Follow us to be well informed:

 

BCS Forex – is it a scam?

The broker houses within the successful Financial Group BCS with the good image, providing financial services worldwide, and that is to be considered a bright spot. BCS Forex can be certainly regarded as one of the most professional and effective brokers offering the quality service for over 10 years.   The safe terminal Metatrader is offered for trading thus proving the serious intentions of the broker to anchor in the market. The company has a big crowd of traders in our country, the brand is known even those not relating to financial markets, all this due to the analytics telecasting on special channels.

Besides, the company is well known in professional environment by its perfect forecasts, analytics, quality training materials complimented by traders on forums.  Studying the feedback about the broker you will find it very much positive, this also may be considered as an advantage. The company website, different accounts, bonuses, twenty four – seven support also present well-though-out user care, unavailable for dupe sites. BCS Forex is certified in several countries, which brings him the best image.  Despite of the fact that the broker has more advantages, there are also downsides, even if just a few.

However, is BCS Forex a scam lottery? We answer: no. The brokers houses within the high-profile financial holding certainly working on its image, questional programs and draw backs may harm it. The company proved itself as a professional successfully holding its positions. To avoid trading problems dealing with any broker we encourage you to ask your bonus usage pattern and withdrawal procedure.

 

Broker’s regulator

The company Broker Credit Service registered in Cyprus in 2004, has lots of international licenses and offers services branded BCS Forex. The broker is a subject to Cyprus regulation CySEC (Cyprus Securities and Exchange Commission, license no. 048/04), works under EU Directive  MiFID, credentialed by London Stock Exchange (LSE), stands under the regulation of Financial Services Authority (FSA, Great Britain).

Check BCS Forex license on CySEC
Check BCS Forex license on LSE

 

BCS Forex bonuses

Each company trader may get the «Welcome Bonus 50$»

The broker offers a welcome bonus of 50 USD on the account. This bonus may be used both by new and current customers. To take part on this offer one needs to open a trading account DIRECT.MT5 within the offer term (from 9 August to 15 September 2017).

 

Conclusion

BCS Forex trading broker, considered the leader of industry, successfully works over 10 years providing the services in online trading and investments. Now, with a great database of traders and a quality product the company follows the contemporary trading trends and constantly grows. The availability of licenses, plenty of positive feedback from users also increases the level of trust and reliability. The negative feedback is just a few which proves the customer care, well considered from the word go.

We hope for the company to plan successful work with its service enhancement, keep growing. And however, is BCS Forex a scam? We answer this question with no, as the company shows the high quality of services and reliability, which its customers also point. We also ask traders to leave the fair feedback about BCS Forex, which will effect its rating on our resource and put on notice the possible troubles when dealing with it.

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