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Independent rating of Forex broker BCS Forex

4/10 (votes 100)

On-line since
2004
Country of origin
Russia
Regulation
CySEC
Payment options
wire transfer, payment cards
Minimum account size
$1
Minimum lot size
0.01 lot
Leverage
1:200
Spreads
from 0.2 pips
In 1996, BCS Financial Group started providing brokerage services to its first clients. In March 2000, BCS became one of the first companies in Russia’s market who offered online trading to investors. Nowadays, BCS Forex broker has over 100 representative offices and agencies in the largest cities of Russia as well as in the United Kingdom and in Cyprus. The company is among the leading Russian brokers in terms of the number of corporate clients. Today, over 4,000 legal entities are working on the stock market through BCS Forex.
In 2012, S&P rating agency assigned a 'B-/C' credit rating to BCS Financial Group.
Acting as a broker, BCS provides access to stock exchanges of Russia and the United States. The company offers a wide range of financial instruments along with trading recommendations and advisory support. The financial instruments with BCS include Russian stocks and bonds, stocks of international companies and eurobonds, futures, options, and currency pairs.
BCS Forex ensures forex trading under the legal name of BrokerCreditService Cyprus Limited. The broker provides MetaTrader 4 and MetaTrader 5 trading platforms together with BCS OptionTrader web platform for options trading. BCS Forex gives an opportunity to use the most liquid financial instruments in trading such as currencies, commodities, Russian and foreign assets.
The major partners of BCS Forex are UBS, Credit Suisse, JPMorganChase, Deutsche Bank, ING, and MAN Financial.

Comments

Author: CallmeHans Date: 2022-01-11 06:03:27 (UTC+3)
I won't recommend this broker to anyone. I've lost there a lot of money. They are not doing anything and they seem to be not interested, besides saying it's all the client's fault. Last week, I've lost $380 in single trade due to slow executions on the platform and hung for almost a minute. I've sent a report regarding that problem, but they are ignoring me. You all, avoid this broker. They are an irresponsible broker, not professional.
Author: Tahmina Date: 2021-10-20 04:04:22 (UTC+3)
BCS has low minimum initial deposit but their trading platform is terrible. Good thing I only invested $10 to see how their services are. I found out that the platform malfunctions frequently and I was not able to get back my deposit anymore.
Author: Namdi Date: 2021-09-21 01:25:57 (UTC+3)
Trading with BCS Forex for 4 months, it was a horrible and costly mistake. They refused all my withdrawal requests, and the customer support is not helping at all. When I wanted to close my account, they refused to close it. In the end, they hold an inactive account in my name, but they do not let me withdraw my previous earnings from it. I recommend everyone to consider other brokers because BCS Forex changes their withdrawal rules all the time in order to prevent their existing customers from withdrawing money.
Author: Raymond Date: 2021-06-28 03:54:20 (UTC+3)
BCS Forex promised to give a comfortable trading experience but there is nothing comfortable about a platform that frequently lags. Their services are just too poor and it is unfair to the clients because we can't maximize our trading experience.
Author: OraSudi Date: 2021-05-17 06:22:13 (UTC+3)
The order execution is so slow and it is causing me to lose my money. I would not recommend this broker to anyone. Their list of trading instrument is not complete and the website is not at all intuitive and user-friendly. The platform is difficult to navigate and my pending orders are not always processed. I waited more than two weeks to withdraw successfully my profits and it's really wasting my time.
Author: Gichau Date: 2021-03-05 06:54:27 (UTC+3)
BCS offers various trading instruments and this is what I liked about them. I can choose which ever pair I want to trade. However, I was not impressed with their platform. Every time I use it, it will always lag or crash. I reported it to the company many times already but they did not answer. I am now thinking of closing my account.
Author: Goldy Date: 2021-01-19 02:00:17 (UTC+3)
Due to BCS Forex broker's poor service and bad platform system, I feel so disappointed joining this broker. Last month, I opened my trading account because one of my friends recommending this broker to me. He said this broker managed to recognize many traders by favorable conditions, a wide range of instruments, special offers, and personal client support. At the first time, all was going well, and I can make withdrawals and earn a profit of about 20%. But after making a more trading process, I couldn't make a withdrawal. I feel like they cheated me because they didn't explain this decision, and I don't get any notification about changes in withdrawal timing, so I can't make a withdrawal after my trading. I am still sending them my complaint email, and I hope they answer me. Because until now, no reply from them. It seems they ignore me.
Author: Divna Date: 2021-01-13 08:39:26 (UTC+3)
I really like BCS Forex, as they offer very low spread 2 pips on major pair and also pleased with the services I experienced. They processed my deposits instantly. Have not have any misquotes or that sort of things. Their Live support works very quick and effective in communicating. I discover most mistake people do to find h genuine.
Author: Raine Date: 2020-11-06 04:17:54 (UTC+3)
I was very excited when I opened an account at BCS Forex but I was disappointed when I finally had the experience because I did not like their platform. It was very confusing to use and it often lags. Their spread also widen frequently even though there are no news events.
Author: Gregory Date: 2020-09-22 04:04:39 (UTC+3)
After 3 months I joined BCS, I can say that they are a bad broker. I was using their Mt4 platform and it's always been tough with poor execution and low performance in the market. I called customer support when I got trouble during my trading because of their bad platform, but they kept saying it was my mistake. I've never run into a bad broker until I joined them, I couldn't recover any losses and decided to withdraw the rest of my money but they canceled my withdrawal request. They are really unprofessional broker. No more trading with them.

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