BCS Markets reviews

BCS Markets is a large international company that offers its services to traders. They have quite a lot of experience and a wide range of trading offers.

But are they as good as they say they are? Consider them in this article, their offers and reviews of real customers.

Brief information about the broker

The company was founded in 2006. Here is some information that can be seen on the BCS Markets website:

• Over 15 years of experience;
• Many trading assets;
• Registration for Saint Vincent and the Grenadines;
• Several options for trading platforms;
• The support service is open on weekdays from 9 to 21.00;
• Simple registration on the site;
• Favorable trading conditions.

All this information about BCS Markets is very attractive, but is it true? Let's consider in more detail further.

Registration on the company's website

To become a client of the company, it is enough to enter your first and last name, indicate your email and current phone number. After that, you need to click the "Become a client" button.

After that, you need to follow the link in the message that will be sent to the specified email.

The form is very simple and easy to fill out. After that, numerous calls will begin to come to the phone number with offers to trade and invest a large amount of money in a trading account.

Trading conditions BCS Markets

The brokerage company offers the following trading conditions to its clients:

• More than 500 trading instruments;
• Constantly updated analytics;
• Technical support works around the clock;
• The speed of execution of transactions is instantaneous;
• Low spreads;
• There are no hidden fees;
• You can use any trading strategy.

Here are some of the available assets:

• Currencies;
• Stock;
• Indices;
• Metals;
• Cryptocurrencies;
• Energy resources.

Not all types of accounts can trade certain assets. Details need to be learned directly during the trade.

Trading account types

BCS Markets offers several types of accounts. Let's consider them in more detail:

• DIRECT. This account can be traded on the MT5 platform. There is a floating spread that starts from 0.7 pips. You can work with dollars, euros and rubles.
• NDD. In addition to the MT5 platform, MT4 is also available. The spread is also floating, but starts from 0.2 points. There is a commission for Forex, which is 0.003 %. The currencies for trading are the same.
• PRO. This account is suitable for those who want to work on the MT4 platform. The spread here is fixed and is 1 pip. You can trade with the same currencies.
• MOBILE. On this account, you can work on the broker's proprietary platform - BCS Trade. Spread floating from 0.7 points. You can only work with dollars.

All accounts have leverage from 1:1 to 1:200, and the minimum deposit amount is $1. Also, all accounts have the same minimum lot, which is 0.01.

As you can see, the accounts are quite diverse and attractive in terms of their conditions.

There is also a demo account where you can try any of the real accounts without risking real money. The company suggests that you first familiarize yourself with the conditions of work on a demo account, and only then proceed to real trading.

In the reviews, users note that their special application does not work well enough and freezes from time to time. This leaves an unpleasant imprint on cooperation with the broker.

Trading platform

As we wrote above, BCS Markets offers traders to trade on the Meta Trader 4, Meta Trader 5 and BCS Trade platforms. Let's consider them in more detail:

• Meta Trader 4. This is one of the most popular trading platforms in the world and is preferred by most of the users. They have such key advantages: you can close positions in one click, built-in analytics, automated trading, all types of orders.
• Meta Trader 5. This is an updated version of the previous platform. It is more developed and has more functions. But it is less stable. Its key advantages: several types of pending orders, flexible trading settings, closing deals in one click, strong analytical side.
• BCS Trade. Author's mobile application created specifically for the clients of this company. Its key features are: automatic profit calculation, chart with data history, analysis of the chosen strategy, constantly updated analytical reviews and analysis.

All this sounds good in words, but in reality, as we wrote above, users write that the author's mobile application does not work well and from time to time throws completed transactions. Which cannot but spoil the attitude towards the broker.

Company bonuses

Each trader has the opportunity to receive a discount on a deposit in the amount of 50%. This bonus can be received by both new and old customers of the company.

Affiliate program

There are 2 ways to receive rewards for an affiliate program:

• Commission for each completed transaction;
• Payment for attracting a new client who replenished the account.

Affiliate account can be opened in your personal account.

Training on the website of the broker BCS Markets

The broker's website has educational information, which, according to the company, will help not only beginners, but also professional traders. What training is available on the broker's website:

• Analytics;
• Webinars;
• Books;
• Video lessons.

All of this is in the public domain. But is this information really useful? The reviews write that educational information is not enough not only to start trading, but even to gain at least some new knowledge. Everything that is presented on the site is easy to find on the Internet.

Company Support

The BCS Markets support service is open on weekdays from 9 am to 9 pm. She can be contacted in the following ways:

• by phone number;
• By email;
• By filling out a special form on the site;
• Through messengers.

Despite the fact that there are not so few ways to contact company representatives, it is really quite difficult to contact them. The fact is that they do not always answer calls and messages from customers. But if they do, they don't always give really good advice. It often happens that they only spoil the trader's work or are rude in return.

Company security

Since the brokerage company is registered in Saint Vincent and the Grenadines, in case of disputes, the client will have to contact the authorities in this territory. In addition, recently licenses for brokerage activities have not been issued in this territory. Accordingly, the company cannot operate.

If you look at the BCS Markets user agreement, you can see several points that should raise doubts among potential clients. For example, a company can close a client's account without giving a reason if the user's actions seem suspicious to it. Or the point that the company can cancel the client's transactions.

The reviews write that, indeed, some accounts are closed just like that, and the funds that were there are not returned to the owner. However, there were no preconditions for closure.

There is no information about the owners of the company. It is understandable, no one wants his name to be associated with a fraudulent organization.

Broker commissions

The company has no hidden fees, they take money for withdrawing and withdrawing funds. But there are no additional fees for maintaining an account or transferring positions.

However, often the fees quoted are higher for clients for one reason or another.

Withdrawals

BCS Markets offers various ways to deposit and withdraw funds. To fund your account, you can use the following methods:

• Bank transaction;
• VISA or MasterCard cards;
• Internet transfer;
• QIWI terminals.

There are no restrictions on the minimum input of money, they come instantly. But there is a commission, which is 1.5%. But if you use BCS Bank, there will be no commission.

There are also no restrictions on the minimum withdrawal amount. But there are also fees that are 2.5%. You can not withdraw rubles, only dollars or euros. Processing the application for withdrawal of money takes about 3 days.

The reviews note that often the commission of the BCS Markets company is slightly higher than the broker claims. In addition, many of the clients were not able to withdraw their money from the account.

Company reviews

On the Internet, you can find both positive and negative reviews about the brokerage company BCS Markets. Positive reviews usually praise the broker and do not give any specifics, while negative reviews can provide a lot of interesting information:

• Long, untimely payments;
• The author's application does not work well;
• The support service does not help, even if you can contact it;
• Commissions higher than indicated;
• Bad teaching.

If you have had experience of cooperation with the brokerage company BCS Markets, be sure to write a review about it so that other users understand whether it is worth working with them.

conclusions

We conducted a detailed analysis of BCS Markets and came to the conclusion that this broker should not be contacted. Not only are they registered offshore, they do not have any licenses. Yes, and from the reviews, we learned that there are other problems associated with this company.

In this article, we reviewed the BCS Markets broker, its offers and reviews from real clients.

We do not advise you to contact BCS Markets.