BCS Forex vs Luno
| BCS Forex Review 2023 | Luno Review 2023 |
|---|---|
2.3
|
2
Luno is #31 in our crypto broker rankings. |
 Traders from US not accepted
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Traders from US accepted |
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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. |
Established in 2013, Luno has a mission to make crypto investments simple and accessible for all. The brand has a customer base of 9+ million across 43 countries. Trading fees are competitive, with no market maker charges and access to popular tokens like Bitcoin. |
| Bonus Offer | |
| 500 Tripcoins | |
| 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." | "Luno will appeal to beginners looking to trade popular cryptocurrencies on a user-friendly mobile app and web platform." |
| Pros | |
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| Cons | |
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| Instruments | |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies | Crypto |
| Demo Account | |
| Yes | No |
| Minimum Deposit | |
| $1 | £1 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | £10 |
| Regulator | |
| Independent | |
| 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 | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Mobile Apps | |
| Yes | iOS & Android |
| Auto Trading | |
| Yes | |
| Copy Trading | |
| No | No |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| 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. | Luno supports cryptocurrency trading, staking and transferring on major tokens, including Bitcoin, Ethereum, Ripple and Cardano. There are no maker fees and taker fees vary by trading volume starting from 0.10%. 95% of cryptocurrencies are held in 'deep freeze' multi-signature, encrypted wallets. |
| Spread | |
| Floating | Variable |
| Coins | |
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| Crypto Lending | |
| No | Yes |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | Yes |
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| More Comparisons | |
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BCS Forex vs |
Luno vs |