On-line since: About the company: BCS Cyprus provides DMA brokerage services to trade stocks and derivatives on RTS (Russia), MICEX (Russia), and LSE, as well as the world's largest stock exchanges (AMEX, NASDAQ, NYSE, CME/CBOT, Eurex, Euronext, LIFFE, and XETRA). Clients can place orders in the stock market. Company. Security of funds BCS Cyprus is a part of BCS Financial Group which is headquartered in Russia. The company was founded in June 1995. It was one of the first to offer online trading services in the Russian market in 2000. The group of companies also includes BCS Prime, BCS Broker, BCS Ultima, BCS Management Company, and BCS Training Center. BCS Cyprus is the trade name of BrokerCreditService (Cyprus) Ltd, a Cypriot Investment Firm (CIF), registered in the European Union and licensed by the Cyprus Securities and Exchange Commission (CySEC) in 2004. Currently, Cyprus is among the most attractive forex broker destinations. CySEC applies certain rules and requirements to Cyprus Investment Firms, which are not as stringent as those in the US, for instance; however, they provide a certain level of credibility. Cypriot Investment Firms must have at least 730,000 euros in order to prove their good financial standing. Besides, they are required to keep client funds in segregated accounts, and to report to the Commission on a regular basis. Moreover, all CySEC-regulated companies are members of the Investor Compensation Fund which is able to pay compensation of up to 20,000 euros if the broker is in default. The company is a member of the London Stock Exchange. Trading conditions BCS Cyprus does not disclose information on initial deposit, spreads, and leverage. Apparently, traders can find out the details by contacting support specialists. It is also known that the broker serves business companies, institutional investors, as well as families with high income. Trading platforms The company supports the following trading platforms: QUIK System is a software package for providing access to Russian exchange trading systems online. MetaTrader5 is a successor of the most famous MetaTrader4 platform. It supports tools and functions for technical and fundamental analysis, creating trading systems, and copying trading signals. CQG includes analytics, charts, and several interfaces for executing trades. Tradematic Strategy Trader Standart is a platform that helps traders create a trading robot without programming. Support service The broker is headquartered in Limassol, Cyprus. To open an account with the broker, you have to contact managers by phone, fax, or email. Advantages:
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I joined BCS Cyprus broker few months ago , their client staff is good , but their trading Web Trader connection drop every minutes, They recently published MetaTrader4 but its used margin is high in compared with other company , so they need developing their system.
I tried to fund my standard trading account worth $1500 through Wire transfer. The reason why I am still trading with them is that this company has a good reputation. Most of my friends prefer to invest their own funds with them than to risk their money on the offshore brokers. Back to my deposits, yesterday was the 3rd time I funded my account since I opened it on August 31, 2020. I am not scared to invest my money because I personally experience how this broker is. I tried up as an option value of $250 for USD/JPY and set for 45 minutes. Guess what? I earned a profit from it. My total earning was $1750. I couldn't believe it since I am just a beginner.
BCS Cyprus's Multi-Assets Trading Platform didn't respond and executed on time. So my deal always slippage, also there has Floating spread, As I can't trade well with them, Till now I got huge loss in the market. So I think, traders should be rejected BCS Cyprus.
Their MT4 platform performance and fixed spreads are awesome to me. So I have been experienced excellent service, As my all orders were executed on time and had no problems on the platform. Actually, I'm satisfied with BCS, as the service is the best. This broker also set best rules for investor and trader to get fair commissions. In my last trading there is an error on my trading account and I get a very fast service with executions that carried out as soon as possible. I was deposit $1000 in a Standard account with Super Forex broker. Till now I have earned $590 each trading and enjoyed the forex trading with them.
I started an account at BCS in 2019 and so far, my investment is growing. At first, I still had lot of trading mistakes, but I eventually learned and am now earning decently. I can say that the trading environment of this broker is conducive.
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