BCS Forex does offer a free demo trading account for beginners to start training on. Practice forex trading in a 100% risk-free environment. The demo account expires after a certain amount of days and account holders can request that BCS Forex assists in changing the Demo Account into a Live Trading Account.
BCS Forex at a glance
| Broker's Name | BCS Forex |
| 🏛️ Headquartered | Cyprus |
| 📅 Year Founded | 2004 |
| ⚖️ Regulating Authorities | CySEC (№ 048/04) |
| ⏳ CySEC | № 048/04 |
| 🌐 Countries not accepted for trade | UK, Europe, and the USA not accepted |
| ☪️ Islamic account (swap-free) | Yes |
| 📎Sign up Bonus | No |
| 👍 Demo Account | Yes |
| 📌 Account types | NDD,PRO, Direct Account |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:200. |
| 📎 Fees | Applicable on selected accounts |
| 📎 Spreads | from 0.2 of point |
| 📎 Leverage | 1:1-1:200 |
| 💰 Minimum Deposit | $1 USD |
| 💳 Deposit Options | Debit and credit cards, including Visa and Mastercard PayPal Skrill Bank wire transfers. |
| 💳 Withdrawal Options | Debit and credit cards, including Visa and Mastercard, PayPal, Skrill, Bank wire transfers. |
| 💻 Platform Types | Meta Trader 4, Meta Trader 5 |
| 📱 OS Compatibility | Mac, Windows, Linux, Mobile, Web, iPhone, iPad |
| 📈 Tradable assets offered | Currencies, Indices, Stocks, Commodities and Cryptocurrency |
| 👨💼 Languages supported on Website | English and multiple languages |
| 👥 Customer Support Languages | English and multiple languages |
| 📆 Customer Service Hours | Customer support service is available from Monday to Friday from 9:00 am to 9:00 pm GMT+3. |
Min Deposit
USD 1
Regulators
CySEC, FSA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
BCS Forex Demo Account – 7 key points quick overview:
BCS Forex at a glance- BCS Forex Overview
- How to set up a BCS Forex Demo Account
- BCS Forex Demo Account Features
- BCS Forex Pros and Cons
- BCS Forex Conclusion
- Frequently Asked Questions
BCS Forex Overview
A demo account is like a practice account and is often referred to as such. It provides traders with the freedom and ability to explore what the broker has to offer using virtual money without running the risk of incurring losses while they practice trading.
Demo accounts are usually seen to be only intended for beginners, but it also serves those who more advanced traders want to evaluate and compare brokers.
More advanced traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital can also find the demo account especially useful.
How to set up a BCS Forex Demo Account – Step by Step
1. Step 1 – Register an account
Navigate to the BCS Forex homepage and click on the link ‘Open a demo account’.
2. Step 2 – Complete information
Traders will be redirected to a page where they need to click on create an account and when a new window opens provide your first name, email address, and phone number.
Traders also need to confirm that they are older than 18 years and consent to the processing of their personal data as well as accept the Privacy Policy.
3. Step 3 – Complete information
Once traders have submitted their details, they will receive an email at the address that they provided. The email will contain the trader’s demo account number and traders can now sign in.
Also contained in the email is an embedded link to activate the trader’s personal area.
Traders will be redirected to a demo account platform where they are free to explore the broker’s offering and/or to practice trading, test strategies, and more.
Min Deposit
USD 1
Regulators
CySEC, FSA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
BCS Forex Demo Account Features
The demo account that BCS Forex offers mimics a live trading account since traders have access to the same features, functions, and options that they normally would on a live trading account.
Being able to trade in a risk-free environment is a huge advantage for many traders as they make use of virtual funds to conduct their trading. Since it is a demo account and not a true live account, traders cannot withdraw any profits which are made on the demo account.
The features that the trader will have access to with a demo account will depend on the type of account that the broker sets as a demo account, or whether they have set their own features.
BCS Forex Pros and Cons
| ✔️ Pros | ❌ Cons |
| Offers competitive and attractive trading conditions | No referral bonus offered |
| Offers a trading bonus and rewards for loyal customers | No welcome bonus, sign-up bonus or deposit bonus offered with first time sign up |
| Demo account sign-up fully digital | Only travel points offers on reward programme, no cash |
| MetaTrader 4 offered Offers competitive trading and conditions | Requires a high deposit to qualify for the rewards programmers |
| Demo account offered | Demo account usually expires after 30-days |
| Islamic accounts offered | Clients from various jurisdictions not accepted |
| MetaTrader 4 offered | Fixed spread accounts not offered |
| MetaTrader 5 offered | Limited number of trading instruments |
| No commission charged on two account types | Not regulated |
| Low commissions charged on one account type | Charge’s withdrawal fees |
| No deposit fees charged | Little choice of trading instruments |
| Offers competitive trading conditions | Spreads are not the tightest |
| Transparent fee schedule | |
BCS Forex Conclusion
BCS Forex does offer a free demo trading account for beginners to start training on. Practice forex trading in a 100% risk-free environment. The demo account expires after a certain amount of days and account holders can request that BCS Forex assists in changing the Demo Account into a Live Trading Account.
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Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does BCS Forex offer a demo account?
Yes.
For how long is the demo account valid?
It is not indicated on the broker’s website but usually, a demo account is valid for a period of 30-days.
Which live trading accounts does BCS Forex offer?
BCS Forex only offers the following live account types:
- NDD Account
- Pro Account
- Direct Account
What are the available deposit currencies for a live trading account?
EUR, USD, RUB.
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