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Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.
Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.
Competitive spreads start from 0.1 pips.
Multiple trading platforms are available, including MT4, MT5, and Alfa-Forex Trader.
Customer support is available in multiple languages via email, phone, and in-person visits.
Not available for US clients.
A limited selection of account types to choose from.
No social trading or copy trading options available.
No bonuses or promotions are offered to clients
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Two commission-free accounts: Charging trading commissions on transactions is how many brokers make their profit. However, BSC Forex offers its customers two commission-free accounts; pro and direct.
Offers a range of tradable instruments: BSC has multiple trading instruments on its platform. Traders can access forex pairs, commodities, cryptocurrencies, CFDs, and stocks.
Popular Trading Platforms: BCS Forex provides clients access to the popular MetaTrader 4 and MetaTrader 5 platforms. These platforms are available on the web and the broker's proprietary mobile app.
Conducive Trading Platform: The BCS Forex platform has an intuitive design interface, advanced charting tools, and automated trading options.
Exquisite Educational Resources: BCS Forex offers a range of educational resources, including basic training courses made up of videos and tutorials, an event calendar, and market analysis, to help clients improve their trading knowledge and skills. These resources are free for clients and cover various essential trading topics.
Charges Inactivity Fees: Unlike many brokers who wait about 12 - 16 months before charging inactivity fees, BCS Forex charges its customers a $100 monthly inactivity fee after six months of an account's dormancy.
Charges Personal Income Tax: This review gathered that BSC Forex is a tax agent; hence, clients must pay personal income tax on every withdrawal.
Limited Customer support: The customer support channels on BCS Forex are only available 24/5 between 9 am and 9 pm GMT +3. This implies that trading hitches can only be resolved on weekdays and within the specified 12 hours.
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FINAM does not charge any commissions on trades, allowing traders to keep more of their profits.
Opening an account with FINAM does not require a minimum deposit, making it accessible for traders with different budget levels.
FINAM provides various educational resources such as seminars, paid courses, webinars, and more, helping beginners and advanced traders enhance their trading skills.
Traders can choose from various trading platforms supported by FINAM, providing flexibility and options to suit their trading preferences.
Unfortunately, FINAM does not currently accept clients from the United States.
FINAM offers a limited selection of payment methods, which may be a drawback for traders who prefer more diverse options.
FINAM only offers one type of trading account, potentially limiting the customization options available to traders.
While Russian legislation regulates FINAM and holds licenses from relevant authorities, it is not regulated by well-known bodies such as the FCA or CySEC.