❌NON-RECOMMENDED BROKER
BCFX is currently closed but we can recommend these brokers.
There are plenty of Forex brokers who specialise in just Forex trading, but there are also a few that have other strings to their bow. BCFX Brokers is one such company, and we’re going to spend some time looking at this particular broker in this Forex broker review. BCFX Brokers is a trading name of Best Choice FBC Ltd, a company that has its offices in Cyprus. As such it comes under the jurisdiction of CySEC, and we’re pleased to tell you it has been licensed and regulated since 2014. This makes it a relative newcomer to the world of Forex trading, but it still has a lot to offer retail traders. It also offers a number of other services to both money managers and IB partners. Most of you reading this review will be retail traders, so this is what we will concentrate on. But first we’ll take a look at some of the other services they have chosen to provide.
| Bonus | Rewards Points |
| Regulation | CySEC |
| Mobile | Yes |
| Instruments | Forex, indicies, commodities, shares |
| Website | www.bcfxbroker.com |
| OTHER BROKERS | |
A brokerage firm for money managers and IB partners and a whole lot more
With the aid of patented technology, known as Dynamic MAM, BCFX Brokers are helping money managers acquire and retain customers, in a simple and easy way, whatever the level. This brokerage firm is also investing a lot of time and energy in its affiliate system and providing plenty of opportunities for new customers to become an IB (Introducing Broker). Web Office is a trading platform that can be used by individual retail clients, but is also fully customisable at the highest level. Part of BCFX Broker’s partnership program also gives clients the opportunity to start their own Forex business with a range of White Label solutions.
BCFX Brokers has their own proprietary interface called ‘Web Office’
If you choose to use BCFX Brokers as your Forex trading partner there is a trading platform that has been developed called Web Office. It is available to all clients, and that includes individual traders. Open a live trading account and there is immediate access. The interface is easy to use, snappy and uncluttered, and provides real time monitoring of trades. It is available in a number of different languages and is compatible with PCs, Macs, mobiles and tablets. Everything an individual customer needs to have is near at hand, and readily accessible. Web Office features an electronic money wallet called MyWallet, and can also be used to open multi trading accounts, that will all be connected to one Web Office and one wallet.
There are a number of different account options for the ordinary trader
Demo account – Zero cost, and absolutely no risk, and you can have as many demo accounts as you need
Micro account – Suitable for beginners and those traders who only want to trade with the smallest trade sizes.
- Minimum deposit $100
- Leverage from 1:1 to 1:200
- Minimum 0.01 lot
- Spreads start from 1.1 pips
- Margin call/stop out: 150%/100%
Standard account – This is an ECN account that offers the ultimate trading environment for more experienced traders and companies. It is especially suitable for traders who use scalping strategies.
- Minimum deposit $1,000
- Leverage from 1:1 to 1:100
- Minimum 0.1 lot
- Spreads start from 0.5 pips
- Margin call/stop out: 150%/100%
Professional account – This is an ECN account offering the fastest execution in the markets and is the perfect environment for professional traders and companies. It is also suitable for traders using scalping strategies. This type of account is located on a dedicated server, right next to BCFX Brokers liquidity provider’s servers. Which of course will reduce execution time to the bare minimum.
- Minimum deposit $10,000
- Leverage from 1:1 to 1:100
- Minimum 0.1 lot
- Spreads start from 0.1 pips
- Margin call/stop out: 150%/100%
BCFX Brokers is really aiming its services at the more experienced trader
It is pretty obvious, after spending some time looking at the company website, that the real focus of BCFX Brokers is the more professional trader. There are no educational or training material available, and there is no FAQs page with all the most basic questions. Anybody wanting to trade with the assistance of BCFX should already have a fair idea of what they are doing. Customer support is available, either through a live chat option, email, or by telephone. But in no way is this service 24 hours a day. In fact the telephones only appear to be manned from 11.00am to 7pm. We’re not saying this is a negative feature, but it is certainly something to consider if you are new to the world of Forex trading. You always have the option of opening a demo account and contacting the customer service department, should you have any questions or problems. That way you can get a good feel for the company before you open a live trading account, and risk some of your own money.
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