BCS Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-12 11:58

Abstract：BCS was founded by BCS Company LLC in Russia in 1997. It offers various trading assets, including Stocks, Mutual funds, Currencies, Bonds, Futures and Precious metals. However, it is not regulated currently.

BCSReview Summary
Founded	1997-08-19
Registered Country/Region	Russia
Regulation	Not regulated
Market Instruments	Stocks, Mutual funds, Currencies, Bonds, Futures, Precious metals
Demo Account	✅
Trading Platform	BCS Web
Min Deposit	₽0
Customer Support	Phone: +78800100-55-44
Customer Support	Address: г. Москва, 129110, проспект Мира, д.69, стр 1, 1-й подъезд

　　BCS was founded by BCS Company LLC in Russia in 1997. It offers various trading assets, including Stocks, Mutual funds, Currencies, Bonds, Futures and Precious metals. However, it is not regulated currently.

Pros and Cons

Pros	Cons
Multiple trading assets	Not regulated
Demo accounts offered	Limited information
	Limited contact methods

Is BCS Legit?

　　BCS shows it is licensed for brokerage activities at No. 154-04434-100000 and issued by the Federal Financial Markets Service. However, there are no results about it on the website.

What Can I Trade on BCS?

　　BCS provides over 20000 trading assets, including Stocks, Mutual funds, Currencies, Bonds, Futures and Precious metals.

Tradable Instruments	Supported
Stocks	✔
Mutual funds	✔
Currencies	✔
Bonds	✔
Futures	✔
Precious metals	✔
Options	❌

Account Type

　　BCS offers two account types: Investor tariff and Trader tariff. Besides, the demo account is also offered.

Account Type	Minimum Deposit
Investor tariff / business	0 ₽/month
Trader tariff/ business	299 ₽/month

Commission

　　For private clients, BCS's commission for Trader tariff is 0.01%, and the other Investor tariff's commission if 0%. For business, BCS's commission for Investor is 0.15%, and trader as the same as private clients.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
BCS	✔	Web, IOS and Android	Experienced traders

Deposit and Withdrawal

　　There are no withdrawal fees for rubles in any bank. If withdraw in BCS bank, it needs 0.0708% when currency is up to 300000000, 0.0295%, when currency is between 300000000 and1000000000,0.01416% when currency is from 1000000000 or +4% when withdrawing Chinese yuan.

Customer Service

Contact Options	Details
Phone	+78800100-55-44
Email	❌
Support Ticket System	❌
Online Chat	❌
Social Media	Twitter, YouTube, Telegram, Ok, Vk, Bcs
Supported Language	Russian
Website Language	Russian
Physical Address	г. Москва, 129110, проспект Мира, д.69, стр 1, 1-й подъезд

The Bottom Line

　　In conclusion, traders should take all factors and risks into consideration when choosing brokers. Though BCS offer multiple trading assets and low minium deposit, it is not supervised by any financial authorities. Besides, it also lacks transparency that many details of fees are obscure.