BCS Markets vs XTB 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 XTB
| Broker | BCS Markets | XTB |
|---|---|---|
| Rating | 3.8/5 | 3.7/5 |
| Foundation Year | 2006 | 2001 |
| Regulated in Countries | Saint Vincent and the Grenadines | Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany |
| Minimum Deposit |
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| Spread | from 0.2 points | from 0.5 points |
| Max Leverage | 1:200 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | BCS Markets Review | XTB Review |
BCS Markets is suitable for active traders, thanks to narrow spreads, and for beginners who value quality educational materials and analytics.
XTB suits experienced traders looking for a reliable broker with a wide selection of instruments and high-quality analytics.
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:
XTB Review
XTB is a highly regulated broker with licenses from leading bodies such as the FCA, reinforcing its reliability and transparency. This broker offers a wide range of trading products, including currencies, indices, commodities, stocks, and cryptocurrencies, making it a flexible choice for traders of different levels and interests. Various deposit options and advanced analytical support further enhance its appeal against competitors.
XTB suits traders who value regulation and security, those looking for various trading tools, and those who want access to extensive analytical resources. The broker will especially suit active traders who maximize low spreads and product diversity.
Pros and Cons of XTB
Pros
- Regulated by several leading financial authorities.
- Variety of methods to deposit funds.
- Wide range of trading assets.
- Extensive analytical tools and resources.
Cons
- Withdrawal and account inactivity fees.
- Withdrawal methods are limited.
- Limited number of trading account types.
- Lack of educational materials.
Reliability
| Broker | BCS Markets | XTB |
|---|---|---|
| Reliability | 3/5 | 5/5 |
| Foundation Year | 2006 | 2001 |
| Regulated in Countries | Saint Vincent and the Grenadines | Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany |
| Regulators | SVGFSA SVGFSA | BFSC BFSC KNF KNF AMF AMF ACPR ACPR FCA FCA CNMV CNMV DFSA DFSA BaFin BaFin |
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.
XTB
XTB is quite reliable, considering regulation in several authoritative jurisdictions.
Account Opening
| Broker | BCS Markets | XTB |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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BCS Markets
Opening an account with BCS Markets is a quick and simple process.
XTB
The account opening process at XTB is simple and clear, but takes some time.
Pros
- Easy registration and data verification.
- Flexibility regarding the minimum deposit.
- Adherence to KYC and AML standards.
Cons
- Verification can take time.
- Need to provide a large volume of personal data.
Account Types
| Broker | BCS Markets | XTB |
|---|---|---|
| Account Types | 3/5 | 2/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.2 points | from 0.5 points |
| Max Leverage | 1:200 | 1:500 |
| 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.
XTB
XTB offers basic accounts, but does not provide full variability, which may not satisfy all traders' needs.
Pros
- Swap-free account for Muslim traders.
- No restrictions on demo accounts
Cons
- Lack of cent accounts and fixed spread accounts.
- No market execution of orders.
- No investment accounts (PAMM, copy trading).
Commissions
| Broker | BCS Markets | XTB |
|---|---|---|
| Commissions | 4/5 | 2.5/5 |
| Spread | from 0.2 points | from 0.5 points |
| Average Spread (EURUSD) | 0.9 | 1.4 |
| Commission per Lot | $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.
XTB
XTB offers an average level of commissions.
Pros
- Cashback system helps to offset some of the commissions.
Cons
- High commission for withdrawals less than $50.
- Fee for account inactivity.
Deposit and Withdrawal
| Broker | BCS Markets | XTB |
|---|---|---|
| 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.
XTB
XTB provides convenient methods for depositing funds without a commission, but has limited withdrawal options.
Pros
- Wide selection of deposit methods.
- No commission for depositing funds.
- No commission for withdrawals over $50.
Cons
- The only available withdrawal method is bank transfer.
- Commission of $30 for withdrawals less than $50.
Markets and Products
| Broker | BCS Markets | XTB |
|---|---|---|
| Markets and Products | 3/5 | 5/5 |
| Forex | 37 | 57 |
| Precious Metals | 3 | 9 |
| Energy Carriers | 4 | 5 |
| Soft Commodities | 3 | 10 |
| Indices | 11 | 35 |
| Stocks | 59 | 1997 |
| ETF | - | 177 |
| Bonds | - | 3 |
| Cryptocurrency | - | 41 |
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.
XTB
XTB offers an extensive range of markets and products for trading, including currency pairs, indices, commodities, stocks, ETFs, and cryptocurrencies.
Trading Platforms
| Broker | BCS Markets | XTB |
|---|---|---|
| Rating | 4.5/5 | 3.5/5 |
| 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.
XTB
XTB offers its functional and user-friendly trading platform xStation 5, well-suited for market analysis.
Pros
- A multitude of analytical tools.
- Customizable terminal interface.
- Android mobile app available.
Cons
- Lack of choice between different trading platforms.
- No platform version for iOS devices.
- No desktop version of the platform.
Analytics
| Broker | BCS Markets | XTB |
|---|---|---|
| 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.
XTB
XTB offers superior analytics with a rich set of tools available to all users, making them one of the leaders in this area.
Pros
- In-depth analytics, including forecasts from experts and news.
- A wide range of analysis tools, including an economic calendar and trading schedules.
- Analytics available to all users, not only company clients.
Education
| Broker | BCS Markets | XTB |
|---|---|---|
| Rating | 4/5 | 2/5 |
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.
XTB
XTB's educational materials are very limited.
Pros
- Basic trading information is provided.
Cons
- Lack of webinars and detailed video tutorials.
- Not suitable for beginners seeking comprehensive education.
Customer Support
| Broker | BCS Markets | XTB |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media | — |
Whatsapp
TelegramBCS 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.
XTB
XTB's technical support is generally good, available 24/5, but the absence of a constantly operating online chat is a drawback.
Pros
- Operates 24/5.
- Contact options include phone and email.
- Responses to inquiries are received within a reasonable timeframe.
Cons
- Online chat not always available.
- Only international phone number available for contact.
- Lack of messaging channels for communication.
