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BCS Forex Fees and Spreads

BCS Forex Fees and Spreads

 

Overall Rating

4.5/5

Rated #221 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

40

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

BCS Forex spreads start from 0.2 pips and commissions of 0.003% on the NDD account when trading forex. BCS Forex doesn’t charge any account fees, and does not deposit fees but charges withdrawal fees.

BCS Forex does not mention any inactive fees.

Finding a reputable list about BCS Forex Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

BCS Forex’s spreads start from 0.2 pips.

BCS Forex offers a spread list that indicates the spreads that traders can expect as per the account type offered. BCS Forex only charges commissions on one account type and these charges are low when compared to other brokers.

The spreads and commissions that traders can expect when trading with BCS Forex are:

 

  • Global account – spreads from 1 pip EUR/USD and commission-free trading on forex.
  • NDD account – spreads from 0.2 pips EUR/USD and commissions of 0.003% on forex.
  • Pro account – fixed spreads from 1 pip EUR/USD and commission-free trading on forex.
  • Direct account – spreads from 0.7 pips EUR/USD and commission-free trading on forex.

 

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.

Muslim Traders are exempted from such fees through the provision of an Islamic Account option available.

BCS Forex does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.5/5

Rated #221 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

40

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

 

BCS Forex does not deposit fees but charges withdrawal fees on the following payment methods:

  • Bank Transfer in EUR – 40 EUR.
  • Bank Transfer in USD – 35 USD.
  • Qiwi – 2.5%
  • Yandex Money – 3.5%
  • Credit/Debit Cards – 2.5%

 

There are other fees that traders must verify with the broker before registering a live account such as administration and account management fees, inactivity fees, currency conversion fees, and several others.

These fees are not indicated on the broker website. However, it does not mean that they are not charged. Brokers may not always be transparent regarding such fees and thus traders must contact customer support to confirm whether these fees are charged.

 

 

Pros and Cons

✔️ PROS ❌ CONS
Commission-free trading offered on some accounts Withdrawal fees are charged
Relatively low commissions charged
Competitive trading conditions
Islamic Account/Swap-free provided for Muslim traders
Deposit fees not charged

 

You might also like: BCS Forex Minimum Deposit

You might also like: BCS Forex Demo Account

You might also like: BCS Forex Sign up Bonus

You might also like: BCS Forex Account types

You might also like: BCS Forex Islamic Account

 

FAQ’s

 

How many instruments can I trade with BCS Forex?

You can trade the following financial instruments:

  • Forex
  • Cryptocurrencies
  • CFDs

 

Which platforms are supported by BCS Forex?

MetaTrader 4, MetaTrader 5, BCS Forex OptionTrader.

 

Does BCS Forex offer leverage?

Yes. Traders can expect leverage from 1:1 to 1:200.

 

What spreads can I expect with BCS Forex?

You can expect spreads that start from 0.2 pips.

 

Does BCS Forex charge commission?

Yes. BCS Forex only charges commissions of 0.003% on the NDD account when trading forex.

 

Is BCS Forex regulated?

Yes. BCS Forex is not regulated. Traders are urged to proceed with caution where unregulated brokers are concerned as their funds, and the security thereof may be at risk.

 

Is BCS Forex a recommended forex trading broker for experts and beginners?

No. Due to the fact that BCS Forex is not a regulated broker, this broker is not recommended.

 

What is the overall rating out of 10 for BCS Forex?

2/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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