BCS Forex vs Fidelity

BCS Forex vs Fidelity Comparison Table 2024
BCS Forex Fidelity
2.3
3.5

BCS Forex is a Russian forex and CFD broker registered offshore in St Vincent and the Grenadines. This unregulated broker offers low entry requirements and competitive trading conditions. It aims to provide high quality trading technology, reliable support and benefits for active traders.

Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks.

Bonus Offer
500 Tripcoins None
Comment by Reviewer
"BCS Forex will serve active traders looking for loyalty bonuses and access to Russian stocks. It will also appeal to traders familiar with the MT4 and MT5 platforms." "Fidelity is a great match for long-term investors who want an affordable platform to build their pension or investment portfolios. The SEC and FCA oversight are also good signs that the brokerage is regulated and trustworthy."
Pros
  • A choice of USD or EUR account types with a low $1 minimum deposit
  • Both MT4 or MT5 are available, plus integrated signals and copy trading capabilities
  • Loyalty program for active clients, with turnover bonuses, better trading conditions and travel points
  • Free and fast deposits in USD, EUR or RUB, including bank wire and credit cards
  • Excellent list of stocks and funds to choose from
  • Very competitive pricing compared to largest rivals
  • Good list of account types to suit various types of investor
  • Uninvested cash is automatically put into a money market fund
  • Trusted global brand with strong regulation from SEC & FCA
  • Tax-efficient vehicles are available including ISAs
Cons
  • Limited trading resources and outdated market analysis which trails the best brokers
  • Traders from the US, UK, Japan and other countries are not accepted
  • Narrow range of instruments compared to alternatives
  • A high $100 inactivity fee after six months
  • Only 1 cryptocurrency available
  • High withdrawal fees from 2.5%
  • Weak regulatory scrutiny
  • No forex or CFD trading
  • There is no demo account
  • Less suitable for short-term day trading
  • Presentation of data is overly complicated
  • No trading platform for non-US clients
  • The $1000 minimum deposit for international clients is high
Awards
  • Boring Money Best Buy 2021 – Pension
  • Boring Money Best for Beginners Pension 2021
  • Boring Money Best for Beginners ISA 2021
  • Boring Money Best for Low - Cost Pension 2021
  • Online Personal Wealth Awards - Best Retirement Adviser 2021
  • Shares Awards 2020 - Best Execution-Only Stockbroker of the Year
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices
Demo Account
Yes No
Minimum Deposit
$1 $0
Trading Platforms
  • MT4
  • MT5
  • Own
Payment Methods
Minimum Trade
0.01 Lots £25
Regulator
Independent FCA, SEC
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Fil Mobile App
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes None
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • RUB
  • USD
  • GBP
Stock Exchanges
Commodities
CFD Trading
Access CFDs across indices, commodities and more with no commissions and just a $1 minimum deposit. CFD traders can access leverage up to 1:200 in the advanced MT4 or MT5 platforms. CFD trading not offered
Leverage
1:200
FTSE Spread
40
GBPUSD Spread
1.3
Oil Spread
8
Stocks Spread
Floating
Forex Trading
Go long or short on a modest range of 35+ currency pairs with spreads from 0.2 pips in the NDD account. You can also try out the platforms, accounts and forex trading conditions in the broker's free demo account. Forex trading not offered
GBPUSD Spread
1.3
EURUSD Spread
0.9
EURGBP Spread
0.9
Assets
36
Cryptocurrency
BCS Forex only offers the BTC/USD pair, which is limiting vs the best crypto brokers. Leverage of 1:2 is available, although crypto trading is only available in MT5. Crypto trading not offered
Spread
Floating
Coins
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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