BCS Markets vs NordFX 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 NordFX
| Broker | BCS Markets | NordFX |
|---|---|---|
| Rating | 3.8/5 | 3.5/5 |
| Foundation Year | 2006 | 2008 |
| Regulated in Countries | Saint Vincent and the Grenadines | — |
| Minimum Deposit |
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| Spread | from 0.2 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | BCS Markets Review | NordFX Review |
BCS Markets is suitable for active traders, thanks to narrow spreads, and for beginners who value quality educational materials and analytics.
NordFX suits traders who prefer MetaTrader 4 and value various analytical tools. It is perfect for those who prioritize individual support and tight spreads.
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:
NordFX Review
NordFX is a broker with various trading accounts and conditions, making it attractive for different categories of traders — from beginners to professionals. Tight spreads and analytical tools are backed by good technical support, which is a significant plus.
NordFX is suitable for traders who prefer to use MetaTrader 4 and who do not require a wide range of CFDs or alternative trading platforms. This broker is perfect for those seeking diverse market analysis options and personalized support.
Pros and Cons of NordFX
Pros
- Diversity of trading accounts and services.
- Tight spreads.
- Wide range of deposit and withdrawal methods.
- Extensive set of analytical tools.
- Good customer support.
Cons
- Lack of regulation.
- High commission on Zero account.
- Long withdrawal request processing time.
- Lack of soft commodities and limited overall number of CFDs.
- There are no alternatives to MT4.
NordFX is in the top 10 of the following ratings:
Reliability
| Broker | BCS Markets | NordFX |
|---|---|---|
| Reliability | 3/5 | 2/5 |
| Foundation Year | 2006 | 2008 |
| Regulated in Countries | Saint Vincent and the Grenadines | — |
| Regulators | 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.
NordFX
NordFX holds legal registration, but the lack of regulation diminishes its reliability, which is crucial for protecting client interests.
Account Opening
| Broker | BCS Markets | NordFX |
|---|---|---|
| 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.
NordFX
Registration is simple and intuitive, with minimal requirements to start trading. Verification, while mandatory, complies with international standards.
Account Types
| Broker | BCS Markets | NordFX |
|---|---|---|
| Account Types | 3/5 | 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 | 1:1000 |
| 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.
NordFX
NordFX offers a wide range of account types and services.
Pros
- Flexible options for different traders.
- PAMM accounts and copy trading available.
- VPS available.
Cons
- Lack of cent accounts.
Commissions
| Broker | BCS Markets | NordFX |
|---|---|---|
| Commissions | 4/5 | 2.5/5 |
| Spread | from 0.2 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.2 |
| Commission per Lot | $3 | $3.5 |
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.
NordFX
NordFX's commission policy is quite flexible and offers various options for different types of traders.
Pros
- Flexible commission system suitable for different strategies.
- Tight spreads on the Pro account.
Cons
- Above-average transaction commission on the Zero account.
- Inactivity fee.
- High swaps.
Deposit and Withdrawal
| Broker | BCS Markets | NordFX |
|---|---|---|
| Rating | 3.5/5 | 4/5 |
| 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.
NordFX
NordFX offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies. Most transactions are processed quickly, but withdrawal times can take up to 5 business days.
Pros
- Numerous available deposit methods.
- Competitive commissions.
- Instant account funding.
Cons
- Withdrawal time up to 5 business days.
- Withdrawal only by the same method as deposit.
- Verification required for fund withdrawal.
Markets and Products
| Broker | BCS Markets | NordFX |
|---|---|---|
| Markets and Products | 3/5 | 4/5 |
| Forex | 37 | 33 |
| Precious Metals | 3 | 2 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 3 | - |
| Indices | 11 | 4 |
| Stocks | 59 | 68 |
| Cryptocurrency | - | 15 |
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.
NordFX
NordFX offers a variety of markets, including currencies, metals, and cryptocurrencies. However, the selection is limited compared to competitors, especially in terms of CFDs and the lack of soft commodities.
Pros
- Diversity of asset classes.
- Access to 15 cryptocurrencies.
Cons
- Lack of soft commodities.
- Limited number of CFDs.
Trading Platforms
| Broker | BCS Markets | NordFX |
|---|---|---|
| Rating | 4.5/5 | 3/5 |
| 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.
NordFX
NordFX provides the MetaTrader 4 platform, which is reliable and feature-rich. The platform is available on various devices, including MultiTerminal for managing multiple accounts.
Pros
- Reliable and proven MT4 platform.
- Desktop and mobile versions available.
- MultiTerminal for managing multiple accounts.
Cons
- Lack of a web-based platform.
- Limited choice of trading platforms.
Analytics
| Broker | BCS Markets | NordFX |
|---|---|---|
| Rating | 5/5 | 4/5 |
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.
NordFX
NordFX boasts strong analytics. A variety of tools are offered: weekly forecasts, economic calendar, trader's calculator.
Pros
- Weekly forecasts for Forex and cryptocurrencies.
- Economic calendar.
- Convenient calculator for estimating potential profits.
Cons
- Lack of trading signals.
- Insufficient analytics from company experts.
- Limited selection of analytical materials.
Education
| Broker | BCS Markets | NordFX |
|---|---|---|
| Rating | 4/5 | 4/5 |
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.
NordFX
The broker offers a variety of video and audio courses, as well as useful articles in the blog, which is a plus for self-directed trader education.
Pros
- Variety of formats: video, audio, articles.
- Materials for different skill levels.
- Regular blog publications.
Cons
- Lack of webinars.
- No seminars or master classes.
- No personalized training.
Customer Support
| Broker | BCS Markets | NordFX |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
Telegram
Twitter
LinkedIn
Pinterest
YouTubeBCS 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.
NordFX
NordFX technical support deserves high praise for the variety of communication channels and the effectiveness of the solutions provided. Client reviews highlight the high level of service.
Pros
- 24/7 availability.
- Multiple communication channels: live chat, email, phone.
- High level of staff professionalism.
