BCS Forex Broker Overview

BCS Forex is a subsidiary of BCS Financial Group—one of the leading Russian players in the financial services landscape. BCS is essentially an all-around broker that offers FX & CFD trading to both retail and corporate clients globally and draws on its well-developed parent company equity resources.

For regulation purposes, the broker operates under the established rules of the Russian financial authorities in relation to its parent organization. Though the trade is safe, an absence of larger authorities' regulation of the company (like FCA or ASIC) draws up one similar gear for all. For money deposited in its name, establishment of separate bank accounts is done to ensure the safety and clarity of the funds. They would like to prove that all of them can carry out safe transactions and high-end data protection in the form of security enforcements.

Standard $4 would be the amount of spread while zero on the ECN account type; however, a commission of one dollar is charged over every lot. Rate overnight charges on held positions. Swap-free Islamic accounts attract requests. A fee for not using the account exists when linked into the client agreement of regulations for an extended time.