BCS Forex vs Upstox

BCS Forex vs Upstox Comparison Table 2024
BCS Forex Upstox
2.3
2.9

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.

Upstox is an established Indian broker offering BSE, NSE and MCX stocks, alongside IPOs, mutual funds and futures. Registered with the Securities and Exchange Board of India (SEBI), this broker aims to offer affordable investment products to local clients, alongside powerful desktop and mobile platforms.

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." "Upstox will be a top pick for experienced Indian stock traders looking for thousands of equities, flat fees and sophisticated tools. We particularly rate the advanced features of the proprietary platform, Upstox Pro."
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
  • Transparent, flat pricing at INR 20 per order on stocks and no monthly maintenance charges
  • Fast and free funding methods via local bank transfer, Google Pay, cheque and more
  • 2-in-1 joint demat and trading accounts available with pre-included stock Smartlists
  • Decent education centre with YouTube series for beginners plus free online trading courses
  • Refer and earn scheme offering perks including zero commissions on mutual funds
  • Charting provided by TradingView with 104 technical indicators for advanced stock analysis
  • Back office (BO) system to access trading history
  • Free options P&L calculator & strategy builder
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  • Limited trading resources and outdated market analysis which trails the best brokers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
  • Charges for non-resident Indians (NRI)
  • Not as beginner-friendly as competitors
  • Digital gold has been discontinued
  • Limited leverage limits
  • No demo account
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Stocks, Futures, Options
Demo Account
Yes No
Minimum Deposit
$1 INR 0
Trading Platforms
  • MT4
  • MT5
  • Own
Payment Methods
Minimum Trade
0.01 Lots INR 500
Regulator
Independent SEBI
Margin Trading
No Yes
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 Yes
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 Yes
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
  • USD
  • EUR
  • RUB
  • INR
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
More Comparisons
BCS Forex
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