BCS
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 1
- Payment systems
Features
- Seminars and training
- Daily analyst commentary
- Low $1 minimum deposit
- Trust management
- Telephone trading
- Affiliate program
- Wide selection of trading instruments
Pros
- Very narrow spreads
- Wide choice of trading instruments, including stocks of Russian and foreign companies
- No reported problems with withdrawals
Cons
- No specific drawbacks are documented for this broker.
Updated:
BCS, short for Brokercreditservice, is a Russian financial services group founded in 1995 in Novosibirsk. Its forex brokerage arm, BCS Forex, was established in 2004 and operates through several regulated entities, including BrokerCreditService (Cyprus) Limited under CySEC and BCS Prime Brokerage Limited under the UK FCA. It offers forex, stock, and CFD trading on MetaTrader 4 and MetaTrader 5 with a minimum deposit of $1.
BCS offers daily analyst commentary, trust management, telephone trading, seminars, and a $1 minimum deposit across a wide range of trading instruments.
BCS, short for Brokercreditservice, is a Russian financial services group founded in 1995 in Novosibirsk. It expanded to Moscow in 2000 with online trading for private clients, then established its forex brokerage arm, BCS Forex, in 2004.
Trading instruments and platforms
BCS Forex gives access to more than 420 instruments across FOREX, NASDAQ, NYSE, GLOBEX, and FORTS, including more than 330 instruments on forex alone: currency pairs, precious metals, CFDs on commodities and indices, and shares of Russian and foreign companies. A single account covers forex trading, the MICEX, and FORTS. Trading runs on MetaTrader 4 and MetaTrader 5, alongside binary options and a demo account for practice.
Fees and account conditions
The minimum deposit is $1. Spreads start from 0.2 points, and leverage runs up to 1:200.
Additional services
- Daily analyst commentary and professional analyst support.
- A VIP-status program for active clients with added benefits.
- Asset management through InvestGuru for a hands-off investment option.
- Trading education resources and an affiliate program.
- 24/7 technical support.
Regulation
BCS operates through several regulated entities:
- BCS-Forex Limited, registered in Saint Vincent and the Grenadines.
- BrokerCreditService (Cyprus) Limited, regulated by the Cyprus Securities Commission (CySEC).
- BCS Prime Brokerage Limited, registered in the UK under the Financial Conduct Authority (FCA).
- LLC "BCS", operating in Russia under the Federal Financial Markets Service (FFMS).
- JSC "BCS Bank", licensed by the Central Bank of Russia for banking, brokerage, and dealer operations.
