BCS Markets vs FreshForex Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of BCS Markets and FreshForex
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Rating | 3.8/5 | 3.8/5 |
| Foundation Year | 2006 | 2003 |
| Regulated in Countries | Saint Vincent and the Grenadines | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.2 points | from 0 points |
| Max Leverage | 1:200 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | BCS Markets Review | FreshForex Review |
BCS Markets is suitable for active traders, thanks to narrow spreads, and for beginners who value quality educational materials and analytics.
FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.
BCS Markets Review
BCS Markets is a broker that suits traders of all levels. The broker is a cost-effective solution for active traders thanks to tight spreads and low swaps. It offers beginners extensive educational materials and support for popular trading platforms. The broker also provides high-quality analytical tools for making informed trading decisions.
However, it should be noted that BCS Markets has offshore regulation, which may raise questions about the safety of funds. In addition, the limited number of deposit and withdrawal methods, the small range of available trading products, and the inactivity fee may create certain inconveniences for traders.
This broker is reliable for those ready to work within its specific features and conditions.
Pros and Cons of BCS Markets
Pros
- Tight spreads.
- Commission-free account funding.
- Accessible trading platforms.
- Inclusion of quality analytics from experts in the service package.
- Educational materials to help novice traders master trading.
Cons
- Offshore regulation.
- Inactivity fee and high swaps.
- Limited number of deposit and withdrawal methods.
- Small number of trading assets.
- Non-24/7 technical support.
BCS Markets is in the top 10 of the following ratings:
FreshForex Review
FreshForex is a broker with rich experience in the market since 2004, and it has established itself as a stable and reliable partner. The broker offers a variety of trading accounts that can meet the needs of different categories of traders, including accounts with fixed and floating spreads and with market execution. An additional advantage is an extensive set of educational materials and analytics that can be useful for beginners and experienced traders.
However, there are significant disadvantages to consider. The lack of regulation by major financial institutions such as the FCA or ASIC can be critical for traders looking for maximum security for their funds. Also, the lack of a native mobile app can limit the ability to trade on the go, although this is offset by support for the popular MetaTrader 4 and MetaTrader 5 platforms. High trading commissions on ECN accounts can deter traders from seeking more favorable trading conditions.
Overall, FreshForex is suitable for traders who appreciate the variety of trading accounts and educational resources. The broker is especially ideal for those willing to accept some risk associated with the lack of regulation by reputable authorities.
Pros and Cons of FreshForex
Pros
- It has been on the market since 2004 and has established itself as a reliable and stable broker.
- Variety of trading accounts.
- Quality analytics.
- Extensive education program.
Cons
- Lack of regulation by major financial authorities.
- Absence of a mobile application.
- High trading fees.
FreshForex is in the top 10 of the following ratings:
Reliability
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Reliability | 3/5 | 3/5 |
| Foundation Year | 2006 | 2003 |
| Regulated in Countries | Saint Vincent and the Grenadines | Saint Vincent and the Grenadines |
| Regulators | SVGFSA SVGFSA | SVGFSA SVGFSA |
BCS Markets
Offshore registration is offset by the strong reputation of the BCS Group.
Pros
- Part of the large BCS financial group.
- Extensive experience in financial markets.
Cons
- Offshore registration and regulation.
FreshForex
FreshForex has an offshore registration. There is also a lack of strict regulation, which raises concerns about reliability
Account Opening
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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BCS Markets
Opening an account with BCS Markets is a quick and simple process.
FreshForex
The account opening process at FreshForex is simple and convenient.
Account Types
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Account Types | 3/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.2 points | from 0 points |
| Max Leverage | 1:200 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
BCS Markets
BCS Markets offers a satisfactory range of accounts, but lacks specialized options.
Pros
- Accessible demo account for training.
- Availability of fixed spread accounts.
- NDD (No Dealing Desk) account available.
Cons
- No cent accounts available.
- No Islamic (swap-free) accounts.
- No investment accounts.
FreshForex
FreshForex offers a variety of accounts to meet different needs, but lacks options for passive investing.
Commissions
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Commissions | 4/5 | 2.2/5 |
| Spread | from 0.2 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.8 |
| Commission per Lot | $3 | $3.3 |
BCS Markets
BCS Markets offers average market trading commissions, but also charges an inactivity fee.
Pros
- No fees for deposits/withdrawals.
- Tight spreads.
Cons
- Inactivity fee charged.
FreshForex
FreshForex has higher than average market commissions, but does not charge for inactivity or deposits/withdrawals.
Deposit and Withdrawal
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Account Funding Methods |
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BCS Markets
The broker offers convenient methods for account funding without commissions, however, withdrawal options are limited and fees are charged.
Pros
- Multiple account funding methods.
- No commission on deposits.
- Fast account funding.
Cons
- Limited withdrawal options.
- Commissions on withdrawals to credit and debit cards.
- Lack of e-wallet and cryptocurrency deposit and withdrawal options.
FreshForex
FreshForex ensures fast and convenient account funding and withdrawals with more than 20 methods without broker commissions.
Markets and Products
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Markets and Products | 3/5 | 4/5 |
| Forex | 37 | 52 |
| Precious Metals | 3 | 13 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 3 | - |
| Indices | 11 | 12 |
| Stocks | 59 | 115 |
| ETF | - | 7 |
| Cryptocurrency | - | 74 |
BCS Markets
BCS Markets provides access to several markets, including currency pairs, stocks, indices, metals, and energy carriers, but the total number of CFDs is small compared to other brokers. The broker's assortment also lacks CFDs on cryptocurrencies and soft commodities.
FreshForex
FreshForex offers an extensive selection of trading instruments, but with limitations such as the absence of soft commodities and an average number of CFDs.
Trading Platforms
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Trading Platforms |
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BCS Markets
BCS Markets provides reliable and functional trading platforms, including MT4, MT5, and a proprietary mobile application.
Pros
- Wide selection of platforms.
- Availability of mobile versions.
- Ability to work with a web terminal without downloading software.
Cons
- Lack of MetaTrader alternatives for desktop and web versions.
FreshForex
FreshForex offers reliable and popular MT4 and MT5 platforms with a variety of tools and versions for different devices.
Pros
- Access to MT4 and MT5, proven platforms.
- A large arsenal of indicators and tools.
- Versions for PC, MacOS, iPhone, Android, and Web.
Cons
- Lack of proprietary or alternative platforms.
- May be complex for beginner traders.
Analytics
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Rating | 5/5 | 5/5 |
BCS Markets
BCS Markets offers in-depth and functional analytics, including automated trading signals and expert recommendations.
Pros
- Wealth of analytical tools.
- Personalized trading recommendations.
- Trader chat for sharing opinions and strategies.
FreshForex
FreshForex offers comprehensive and timely analytics, including a variety of analysis methods and useful tools for traders.
Pros
- Daily forecasts and Forex analytics.
- A variety of analysis methods.
- Additional tools such as a calculator and economic calendar.
Education
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Rating | 4/5 | 5/5 |
BCS Markets
BCS Markets offers quality educational materials, primarily targeted at beginners.
Pros
- Well-structured courses for beginners.
- Hands-on learning through webinars.
Cons
- Lack of materials for advanced level.
- Insufficient video tutorials and podcasts.
FreshForex
FreshForex offers an extensive educational program, including webinars, consultations, and literature suitable for beginners.
Pros
- A variety of educational materials and courses.
- Free webinars and consultations with experts.
- A comprehensive glossary of Forex terms for beginners.
Cons
- Lack of advanced courses for experienced traders.
Customer Support
| Broker | BCS Markets | FreshForex |
|---|---|---|
| Rating | 4/5 | 3.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
Telegram
YouTube
VK
OKBCS Markets
BCS Markets support is professional, but not available 24/7, which can be inconvenient.
Pros
- Multiple communication channels.
- Prompt response.
Cons
- Lack of 24/7 support.
- No on-site chat for instant communication.
FreshForex
FreshForex technical support offers a variety of communication channels, but the quality of service is inconsistent.
Pros
- Multiple channels of communication.
- Quick response in some cases.
Cons
- Inconsistency in service quality.
- Lack of 24/7 support.
