BX Forex suspends accepting Russian clients. Is BCS Forex a scam? BCS Forex trading conditions

22.10.2023

The activities of the BCS Limited group of companies date back to 1995. At that time, the organization specialized purely in consulting services and providing access to the stock market. However, already in 2004, the BCS Forex division appeared, which gives users the opportunity to earn money through Internet trading on Forex.

The main advantages of the broker are customer focus and high quality of services provided. Today, its services are used by hundreds of thousands of clients around the world. In addition, the brand is well known in the CIS countries, in particular the Russian Federation, where a subsidiary company, BKS Company LLC, has been opened.

Let's figure it out: how attractive are the conditions for this industry representative and is it worth trading here?

basic information

Year of foundation 2004
A country Saint Vincent and the Grenadines
Regulator FCA, FSC, CySec
Minimum deposit 1$
Official resource forex-bcs.ru
Leverage From 1:10 to 1:200
Demo account Provided free of charge
Spread size From 0.2 p. (floating), from 1 p. (fixed)
Deposit/withdrawal methods Cards, bank transfers, Yandex money, Qiwi
Area Meta Trader 4/5, Web, mobile
Assets Forex, CFD, commodities and cryptocurrencies
Account types Demo, Global, NDD, PRO, Direct

BCS Forex official website

The version of the Internet resource for Russian-speaking users can be found at: forex-bcs.ru. The page has easy navigation and contains all the necessary information for future and current clients of the company.

To quickly understand trading conditions, assets, platforms, account types and deposit/withdrawal methods, you need to go to the Forex Trading section. The “About the Company” tab will introduce you to the advantages of the organization and the main legal documents.

Beginners should definitely visit the “Forex Education” section. For those who are just starting to get acquainted with the foreign exchange market, a basic course and instructions for working with the terminal are provided. And for more advanced users there is a trader's tutorial.

The “Forecasts and Analytics” tab contains the latest market news, reviews from company experts and a detailed economic calendar. And the “Affiliate Program” section will tell you about the benefits of working with a broker and will allow you to receive additional profit from attracting new clients.

Account registration

In order to create a personal account on the official BCS website, you need to click on the “Registration” button at the top of the page and fill out the fields in the form that opens. First name, last name, patronymic, country and city are entered in Russian. You will need to confirm your phone number by entering the code that you will receive via SMS. After this, you will be sent a login and password for authorization to the specified email address.

When you first log into your personal account, you need to provide additional information and select the type of trading account. Next, you should go through verification by sending scans of documents confirming your identity, otherwise without this you will not be able to withdraw your earned profits. After this, you can replenish your deposit and start trading.

About company

Forex broker BCS Forex is registered in the territory of Saint Vincent and the Grenadines and is regulated by FCA, FSC. The European division, which is located on Keeper, is under the control of CySec, and the Russian BKS Company LLC provides services strictly within the framework of Russian legislation.

As for the latter, as of 2016, the share of the organization’s own working capital was 1 billion rubles, which allowed it to be in the TOP of the Moscow Exchange. In addition, this industry representative won the “Financial Olympus” award for 5 years in a row.

Account types

Broker clients can use one of 4 types of trading accounts:

  • Global. A universal deposit that allows you to use more than 300 assets in trading, including cryptocurrencies. There are completely no commissions for making transactions, and the minimum fixed spread is 1 point.
  • NDD. A market execution account that allows trading of 44 currency pairs. The floating spread starts at 0.2 points, and the commission will be 0.003% of the transaction volume.
  • PRO. A special feature of this account is the presence of a training account and the ability to trade 135 assets with a fixed spread from 1 point. Execution in this case is automatic.
  • Direct. Here, as in the previous version, there is a demo. In addition, the MT5 terminal is used for trading, and the minimum floating spread starts from 0.7 points.

But the most important thing is that in all of the above deposits the starting deposit amount is only $1. You can find out more about the terms and conditions of each account in the “Forex Trading” section or in the screenshot below.

The company also has advantages for VIP clients. So, by topping up your account with $20,000 or more, you can earn miles for air travel and receive 24/7 support from a personal manager.

Terms of trade

In order to start cooperation with the BCS broker, you only need to make a deposit of just $1. The minimum spread here will be 0.2 points, the volume will be 0.01 lots, and the leverage can be used from 1:1 to 1:200. Such conditions are ideal for any user, regardless of level of training.

Overview of FG BCS, its structure and divisions of BCS Forex

Traditional review of the BCS group of companies bcs.ru

The BCS financial group was registered as a legal entity in 1995 for the purpose of carrying out brokerage activities and providing advice on investments. At that time, this area was not particularly developed, so BCS had enough time to settle here and occupy its niche. The sole owner of the group is its creator Oleg Mikhasenko.

In 1998, BCS entered the MICEX market section, designating work with securities as the main brokerage area. In 2000, the company opened its branch in Moscow and offered clients online trading services. And at this moment a radical turning point occurred in the development of the company. At the beginning of 2000, a clear distinction emerged between classical banking and brokerage services. Realizing that no trading activity is possible without a reliable bank, the owners of BCS decided to develop a comprehensive organizational structure, while simultaneously developing their own unique investment solutions:

  • in 2002, the “Unified Brokerage Account” system was introduced - the company’s clients were able to trade simultaneously on 2 sections of the MICEX (stock and government securities) and the RTS;
  • in 2003, the company completely moved away from paper document management, offering information exchange technology with an electronic digital signature;
  • in 2006, BCS clients were given the opportunity to trade on international exchanges through a Russian broker.

By 2004, BCS received many licenses, which actually opened the way for it to develop brokerage, banking areas and trust management. In 2004, the company completely entered the share capital of the MICEX and RTS.

In parallel, the owners of BCS are also developing a line of banking services, but with a bias in the investment and consulting direction. Although BCS Bank provides classic deposit and credit services, including for individuals, its work is based on working with institutional investors. In 2012, the company introduced two brands to the market - BKS Premier and BKS Ultima. Although both divisions work with different client segments, their common area of ​​work is financial planning, investment consulting services, and support of investment transactions.

According to MB statistics, the BCS financial group at the end of 2016 ranks:

  • 3rd place in the number of registered clients (181.7 thousand clients), second only to VTB24 (249.47 thousand) and Sberbank (196.63 thousand);
  • 3rd place in the number of active clients - 15.4 thousand. Only surpassed by Finam - 16.2 thousand and Sberbank - 15.91 thousand;
  • 2nd place in terms of the volume of transactions concluded in the interests of clients - 1.59 trillion rubles. Leader in the Otkritie FG ranking.

Composition of the BCS financial group


1.BCS Broker is a full-fledged brokerage company that provides services in the stock, derivatives and foreign exchange markets, providing traders with access to international markets;

2. BCS Bank is a highly specialized financial structure whose task is to provide clients with investment banking services. Mainly works with legal entities in the securities and conversion transactions segments. Financial indicators as of 01/01/2017:

  • assets - 63.22 billion rubles. (86th place in the rating of Russian banks);
  • net profit - 356.52 million rubles (108th place);
  • deposits of individuals - 12.6 billion rubles, legal entities - 31.14 billion rubles;
  • loans to individuals - 220 million rubles, legal entities - 2.05 billion rubles, issued interbank loans - 38.28 billion rubles;
  • rating: “Expert RA” - A (positive), NRA - A+ (stable).

An analysis of these figures alone suggests that the company conducts its main activities on the interbank market.

  1. BCS Premier is the retail direction of BCS Bank. Under this brand, FG BCS provides individual financial planning services, develops individual investment strategies taking into account the investor’s wishes for assets, terms, profitability and risk level.

4. BCS Ultima: “Personal Bank for the Most Ambitious” is a division of BCS that provides Private Banking services. In an effort to create a unique private bank for wealthy clients, the owners of the group decided to make the Private Banking service a separate area. Its launch took place in 2012. It took 2 years and about 20 million dollars to create a unique special style. USA. BCS Ultima offices are located in old mansions and are styled like luxury yachts. The interior is dominated by marine elements; the furniture is made according to yacht catalogs from Great Britain, Sweden and Italy.

5. BCS Prime is an investment banking division that works with institutional investors. Provides brokerage, consulting, and brokerage services;

6. BCS Forex is a brokerage division with a narrow specialization.

In FY 2015, BCS entered the American market, becoming the owner of the broker Alforma Capital Markets. Today BCS has more than 50 offices and 90 representative offices throughout Russia, more than 3,000 employees and more than 140 thousand clients, including more than 5 thousand legal entities.

My reviews about BCS Forex

The BCS Forex group division (official website) has existed for more than 10 years and you can find many positive reviews on the Internet. The need to separate this area into a separate company arose due to the growing popularity of the over-the-counter foreign exchange market. The company provides the best services and technologies, helps clients with effective management, and develops new unique services and applications to optimize trade.

While the official licensing of the Forex market in the Russian Federation is in its infancy (only a few brokers have received a license from the Central Bank), BCS Forex is regulated by foreign regulatory authorities: (persons KEPEY 048/04 dated 10/08/04, extended 12/21/16) and the FCA (passed the authorization stage) .

BCS Forex trading conditions:

  • minimum deposit - 1 dollar. USA for all types of accounts;
  • minimum lot - 0.01;
  • leverage for all types of accounts - 1:200;
  • number of trading instruments - from 41 to 333;
  • Deposit currency - USD. USA, euro, ruble.

The company offers a choice of two trading platforms - and . The platforms are classic, but most still prefer the more convenient 4th version.

Types of accounts (Metatrader 4):

  • PRO: execution type - Instant Execution, spread (EUR/USD) - fixed (1 point), Stop Out level - 20%, maximum number of orders - 100 pieces;
  • Demo: execution type - virtual, completely repeats the conditions of the PRO account.

Types of accounts (Metatrader 5):

  • Global: execution type - Exchange Execution, spread (EUR/USD) - floating (from 1 point), Stop Out level - 35%, maximum number of orders - 100 pcs;
  • NDD: order execution - Market Execution, spread (EUR/USD) - floating (from 0.2 points), Stop Out level - 50%, maximum number of orders - 200;
  • Direct: execution type - Instant Execution, spread (EUR/USD) - floating (from 0.7 points), Stop Out level - 20%, maximum number of orders - 100 pcs.

On the broker's page, the conditions for each trading account are presented in the form of a comparative table. To give credit where credit is due, the broker tried to take into account the interests of many traders.

Advantages of trading with BCS Forex

  • free banking service provided you work with BCS Bank;
  • direct access to the market, fast execution of orders;
  • brand reliability.

You can top up your account through online banking, e-wallets, payment systems or bank transfer. The only difference is in the commissions and the speed of depositing funds. The maximum commission when replenishing through wallets (3-3.5%), when crediting by bank transfer, the period for receipt of money into the account is 2-3 business days.

In addition to classic Forex trading, the broker also offers binary options:

  • For trading, a platform with its own modifications is offered: BCS Option Trader;
  • option options: simple (“Higher” or “Lower”), “Range”, “Touch”;
  • profitability with a successful forecast - up to 100%;
  • bet return in case of loss - 5%;
  • the minimum bet value is 200 rubles, 5 USD or 5 EUR;
  • available instruments - 29 assets, of which 25 are currency pairs;
  • expiration period: 60 seconds - 4 hours.

In comparison with other binary options brokers, BCS Forex's offer is not the most profitable, but perhaps the company's reputation is more important in this case.

Conclusion.

The BCS financial group benefits primarily with its organizational structure. At the beginning are several investment banking companies, which, working with different segments of clients, “transfer” them to their brokerage companies. Brokerage companies are also divided according to the principle of operation. The implemented investment solutions allow the entire group to occupy a leading position in investment trading.

The process of choosing a good broker is a very responsible one. It is very important to choose a conscientious company that will not cheat you out of your money as soon as profitable transactions begin. And the forex broker BCS Forex is just like that. In addition, it offers trading on very attractive terms. Just look at the minimum deposit of $1, while some organizations sometimes put this figure 500 times higher.

The company leaves a pleasant impression on all fronts. Trading is convenient and pleasant; analytics are provided on the website. Beginners can take advantage of a well-thought-out training system that will help them navigate the intricacies of the financial market not only in theory, but also in practice. Let's take a closer look at the dealer.

Terms of trade

  1. The minimum deposit is $1.
  2. The minimum spread is 0.2 points.
  3. Maximum commission – 0.003%.
  4. Maximum leverage is 1:200.
  5. The minimum lot is 0.01.
  6. Minimum Stop Out – 20%.
  7. Margin Call – 100%.
  8. Maximum lot – 100.
  9. The maximum number of transactions is 200.
  10. Market or Instant execution.

Trader registration

To register, you need to go to the official BCS Forex website and click on the “Registration” button at the very top of the page.

You will need to send a confirmation code to your mobile phone and enter it in the appropriate field of the registration form. After that, click on the “Forward” button. To fully use your account, you will still need to verify your account. And after that, you can consider yourself a full client of BCS Forex.

General information about the company

The BCS-Forex company has been operating for more than 10 years and provides access to the most liquid assets: currency pairs, oil, securities. The company adapts to each client so that he can trade with maximum efficiency. The official website of BCS Forex lists the following advantages of cooperation with the company:

  1. Access to various exchange platforms (not limited to Forex) via the Internet.
  2. A large number of trading instruments.
  3. Professional analytics.
  4. Modern trading terminal.
  5. Money savings guarantee.

The fundamentals of a broker's business are full understanding with the client, providing the best prices for the consumer, reliability and free banking services. The organization's values ​​include professionalism, reputation, reliability and responsibility, and innovation.

Account types

Trade

Traders can use MetaTrader 4 and 5 terminals (depending on account type). The broker offers the opportunity to trade a maximum of 333 assets, the list of which includes currency pairs, cryptocurrencies and CFD contracts.

Investment

Thanks to the InvestGuru service, cooperation with the company will be attractive for investors. In fact, this is a system of Forex advisors that can be configured for both aggressive and conservative trading styles. All your investments are monitored online.

It is also possible to invest using a leverage of 1:3. The minimum investment amount is 10 thousand rubles, which is quite a bit. At the same time, the trader is guaranteed an income of more than 180% per annum. But only when using leverage. To invest money, you need to select the desired strategy from the list and get the result.

Analytics

The broker offers comprehensive analytics of the Russian and international financial markets, which can be used as a hint when making trading decisions. But you should not blindly follow the advice; simply the opinion of experts will help you confirm or refute your forecasts for the development of the currency or stock markets.

The company's analytics performs the following functions:

  1. Shows the expert’s opinion regarding the prospects for growth or decline of a financial instrument.
  2. Helps you find new investment opportunities.
  3. Trade training.

The analytics section includes the following sections:

  1. Review of the international financial market.
  2. Monitoring the Forex market across a wide variety of financial instruments.
  3. Forecast of future trends from experts.

The analytics section is especially useful for beginners, as it helps them learn how to trade in financial markets.

Education

There is a saying: “all that distinguishes us from God is lack of knowledge.” And indeed, a person who has the necessary information seems to be a different wizard. Take, for example, a doctor who was able to cure a person from a fatal disease or a coach who helped him make a million.

This also applies to trading. BCS Forex specialists understand this very well, and therefore provide a large amount of training material for beginners so that they can work wonders in the foreign exchange market. The broker trains traders both in theory and in practice.

Theory

Beginners can find all the necessary information in the “Forex for Beginners” section. After registration, the client receives access to the online course. The future trader will learn from there what a currency pair, quote, lot, leverage and other basic concepts of the financial market are. And so, starting with the basics, clients can step-by-step delve into trading and learn how to make correct forecasts of market direction.

Each topic is provided with a practical example, and is complemented by video lessons that allow you to more effectively remember difficult-to-present material.

You can also download a textbook on the official BCS Forex website, which systematizes all the information necessary for a beginner.

Practice

But the most important stage of learning is practice. Only this will allow you to learn how to navigate the financial market. It’s one thing to know how it works, and another thing to be able to use this information. To practice practical skills, beginners are provided with a free demo account, which can be used as a simulator.

affiliate program

Clients can expect a 50% commission or spread for each person they refer. The amount of money earned through the affiliate program depends on the turnover of the trader to whom you were able to advertise the broker. The maximum reward is not limited. To become a partner, you need to fill out an online application, open an affiliate account and attract clients.

In turn, the broker offers all the tools necessary for promotion.

Trader support

Russian-language technical support is available. You can contact her through the feedback form by calling 8-800-333-53-36 (free for residents of Russia).

The BCS Forex company, reviews of which are available today on many popular Forex resources, has been operating since 1995. The range of services offered by the company includes trust management of private capital, pension savings and various mutual funds. The BCS Forex company has been providing brokerage services for many years and has been conducting many other types of financial activities that are relevant to the modern market. The broker was awarded an AAA reliability rating, and the company has representative offices in Russia, the CIS and Cyprus.

BCS Forex reports the availability of such instruments as currency pairs, CFDs on company securities, futures and precious metals. Professional analytical support is also provided, during which free signals from TradingCentral are provided, fresh reviews of the latest news, as well as our own portal with analytics. The BCS Forex company is ready to provide clients with the services of a personal trading advisor, the ability to deposit and withdraw funds without any commission, professional advice on any issues of interest to traders, as well as automated trading services using mechanical systems.

BCS Forex is part of the Investor Compensation Fund (ICF), which provides the opportunity to return up to 20 thousand euros to clients in the event of unforeseen circumstances that may cause the broker’s financial insolvency. For newcomers to the company, there is the opportunity to trade using a demo account, which allows you to minimize possible risks. This is also a good way to test your own trading strategy without the risk of losing real money.

All trading operations are carried out through the MT4 and 5 platforms, which also have versions for mobile devices. Programs are offered for VIP clients that allow them to accumulate bonuses and exchange them for discounts from airlines or receive improved trading conditions.

BCS Forex trading conditions