BCS Forex minimum deposit amount required to register a live trading account is $ 1 USD. This minimum deposit is equivalent to R 16 ZAR at the current exchange rate between the USD Dollar and the South African Rand at the time of writing
| 🔎 Accounts | 📈 NDD Account | 📉 PRO Account | 📉 Direct Account |
| 💳 Minimum Deposit (ZAR/R) | $ 1 USD | $ 1 USD | $ 1 USD |
| 💵 Minimum Deposit (USD/$) | R 16 ZAR | R 16 ZAR | R 16 ZAR |
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 Minimum Deposit – 7 key points quick overview:
BCS Forex at a glance- BCS Forex Overview
- BCS Forex Deposit fees and deposit methods
- Step by step guide to depositing the minimum amount to BCS Forex account
- BCS Forex Pros and Cons
- BCS Forex Conclusion
- Frequently Asked Questions
BCS Forex Overview
BCS Forex requires a minimum deposit of only $1 to open a live account.
This minimum deposit amount is equivalent to ZAR 14,31 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
The broker is not regulated by any regulatory authority. This means that there is no entity overseeing the trading operations of this broker.
Due to this, traders might be at risk of losing their funds without a regulatory entity being able to step in. Brokers that are regulated are subjected to strict rules, regulations, procedures, and policies that must be complied with.
One of the regulations is that brokers keep client funds in segregated accounts with top-tier banks. This means that only the clients can use the funds and it is not available to the broker.
In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
Nowhere in the BCS Forex’s website does it state that client funds are kept in segregated accounts. Despite this drawback, it does seem like BCS Forex provides reasonable and competitive trading conditions.
BCS Forex Deposit fees and deposit methods
When compared with other brokers, the fact that BCS Forex does not require a minimum deposit is an advantage and might draw traders to open an account with this broker.
BCS Forex offers traders the following payment methods which can be used when making deposits:
- Visa
- MasterCard
- Qiwi
- Yandex Money
- Alfa-Click
- BCS Online
- Bank Wire transfer only in USD, EUR, or RUB
Deposit currencies that are accepted only include USD, EUR, and RUB.
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. |
Step by step guide to depositing the minimum amount to BCS Forex account
1. Step 1 – Login to an existing account
Make your way to the BCS Forex website and log into your existing account.
2. Step 2 – Signing into your account
As soon as a trader receives confirmation that their account is approved, they can log into their personal area, and access the section where deposits can be made.
3. Step 3 – Funding your account
When funding the trading account, traders can do it from their own bank account to a trading account with BCS Forex that has been registered and approved.
Traders select their payment method and the amount that they wish to deposit, then follow the instructions to complete the deposit into their trading account.
If a currency is used that is different from the base currency of the account, currency fees will apply. Traders are urged to ensure that they make deposits in the same currency as that of their trading account and to take note that BCS Forex only allows certain currencies to be used.
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 minimum deposit amount required to register a live trading account is $ 1 USD. This minimum deposit is equivalent to R 16 ZAR at the current exchange rate between the USD Dollar and the South African Rand at the time of writing
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
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Frequently Asked Questions
What is the minimum deposit for BCS Forex?
$ 1.
How do I make a deposit and withdrawal with BCS Forex?
- Visa
- MasterCard
- Qiwi
- Yandex
- Alfa-Click
- BCS Online
- Bank Wire Transfers only in the USD, EUR, and RUB currency
Does BCS Forex charge withdrawal fees?
Yes. Fees depend on the payment method. Charges are as follows:
- Credit/Debit Cards – 2.5%.
- Qiwi – 2.5%
- Yandex Money – 3.5%
- Bank Transfer in EUR – 40 EUR.
- Bank Transfer in USD – 35 USD
How long does it take to make a withdrawal?
Transfers through credit/debit card and digital wallets is processed within 24 hours. Bank transfer takes 2 to 5 business days. Transfer of funds from an account with BCS Bank takes up to 2 business days.
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