BCS broker reviews and trading conditions of the company

Good afternoon, friends and colleagues! Today we have a review of BCS - a reliable broker for trading on the stock, foreign exchange and derivatives markets. The company is quite well known and can boast of a good history, so it is definitely worth paying attention to. As is usually the case in such situations, when discussing a BCS broker, reviews should be taken into account last; first, you should objectively evaluate the available information on the company, trading conditions, etc. This is what we will do.

The date of creation of BCS, which stands for “ Broker Credit Service ,” can be considered 2004 . It was then that this broker was registered in Cyprus. The financial group itself began its activities in 1995.

The company has earned popularity among traders not only for its attentive attitude towards clients , but also for its good trading conditions; it has a good reputation and has not been involved in any scandals during its existence. Traders have the opportunity to work with currencies, stock assets, raw materials, indices (not only Russian, but also foreign markets). What is important is that access to all tools is organized from a single account .

Companies included in the BCS financial group

The BCS financial group includes several companies, including BCSforex. In addition, the group includes such companies as:

LLC "Company BKS" - has the right to carry out brokerage activities, the license was issued for an indefinite period in 2001 by the Federal Financial Markets Service of the Russian Federation
JSC "BCS Bank" - has licenses to carry out brokerage and dealer activities, and also has the right to engage in banking activities
BCS Prime Brokerage Limited - the company is registered in England, head office is located in London
BrokerCreditService (Cyprus) Limited – offshore registration, the company operates as a sub-broker, allowing it to provide services in international markets
BCS-Forex Limited

In addition, the BCS broker has several divisions specializing in certain types of services:

BKS Premier – works with ordinary clients
BCS Ultima - works only with wealthy and privileged clients
BCS Prime - provides banking and investment services
Management Company BKS - the company is in charge of trust management

Alternatives

Reliable Russian brokers

Name	Rating	pros	Minuses
Finam	8/10	The most reliable	Commissions
Opening	7/10	Low commissions	Imposing services
BKS	7/10	The most technologically advanced	Imposing services
Kit-Finance	6.5/10	Low commissions	Outdated software and user interface

Here are the best Russian licensed brokers.

Licenses and regulators

does not have a regulator in Russia, but operates under a license from the Central Bank . Since the company is registered in Cyprus, CySEC ; in addition, it is accredited by the London Stock Exchange. There is no need to be afraid of this; many companies operate this way.

As for licenses, the BCS company has the right to:

brokerage, depository and dealer activities
intermediation in stock trading
securities management

The corresponding licenses were issued by the Russian Federal Service for Financial Markets for an indefinite period . So the company operates on the market absolutely legally .

Reliability

Regarding reliability, I would also like to note that as of 2016, the volume of own funds amounted to over 1 trillion rubles . This once again proves that no one will steal your money.

In terms of turnover, the company also confidently remains in the TOP according to the statistics of the Moscow Exchange. So from this point of view there is no reason to worry. In almost all categories, BCS holds first place, occasionally falling to second or third.

How to replenish your account and withdraw money

You can deposit money into a brokerage account in different ways:

Through operating cash desks, no commissions.
From an account or from a BCS Bank card, no commissions.
From a card of any bank, through SBP. Commission 0.6%, minimum 39 rubles.
According to the account details that are in the application or in your personal account.

Money is credited almost instantly; in rare cases, replenishment takes 10-20 minutes. Finance is immediately available for the purchase of exchange-traded assets.

Along with a brokerage account, it is worth opening a bank account at BKS Bank. The BKS card is a regular debit card that can be used for payments in retail and service networks. Plastic is replenished without commissions at our own ATMs, as well as through VTB and Otkritie devices. The bank's services allow you to open a current account in rubles or foreign currency and transfer them to a brokerage balance without additional fees.

Debit #Cashback card

Apply online

Before withdrawing money from BCS, you need to figure out which account receives dividends, coupon payments and proceeds from the sale of assets. Typically, the default deposit is to a brokerage account. In the personal account of the web version, you can reconfigure the transfer to a bank card, however, this method is not available for all securities.

Transfer of funds from a brokerage account is carried out in your personal web account, in the “Products” - “Brokerage” - “Withdrawal of funds from a brokerage account” section. Finance can be credited to a BKS Bank card and withdrawn in cash from ATMs.

Broker awards and ratings

Recognition at various competitions is the best evidence of the quality of work of any company. In the case of BCS, there were plenty of various awards; the broker’s official website is modestly silent about the awards; you can see their list on bcs.ru :

The company has won the “ Financial Olympus 5 times
2009 – “ Financial Elite ” prize won 3 times
in 2011 , received the “Grand Prix: Investment Company of the Year 2011” prize for the best conditions for investment
2015 turned out to be rich in awards - the title of “ Best Brokerage Company for Institutional Investors ” was received, and according to the jury, the broker was the best in the categories “ Stock Market Elite 2015 ”, “ Share Market Company ” and “ Company of the Year ”

There are also plenty of other awards; almost every year the company is recognized in one area or another. The past year is notable for the fact that:

The national rating agency confirmed the rating of the investment company BCS at the AAA , that is, the individual reliability rating is at the maximum level
S&P assigned credit ratings B-/C – long-term and short-term, respectively. Overall, the outlook for the company is stable

The arsenal of tools that a trader can work with is very wide. If you wish, you can work on Forex, but it is possible to trade shares of Russian and foreign companies, futures, and options.

BCS broker: personal account – excellent navigation

BKS brokers profile:

auction activities among shares of the tech sector;
differentiation of the Russian and foreign block of securities.

The BCS broker provides a personal account as an unlimited trading tool. With it you can:

store the entire history of asset movements;
improve your accreditation and receive qualified assistance;
make an automatic transfer to any card account or make a direct withdrawal of funds through the bank’s cash desk.

Forex market

There are several features when working in the Forex market through BCS:

spread can be widened during periods of high volatility
the company offers such a service as an Islamic account . Its peculiarity is that when an open position is transferred to the next day, the swap is not charged, but the commission is written off. But this option is available only for PRO.MT4 accounts
locking is available in all currencies without restrictions, but only for accounts of the NDD.MT4 and PRO.MT4 types
on holidays and weekends, the standard collateral requirement of 0.5% on a currency can rise to 2%. The company decides whether to increase the deposit

The company has another interesting opportunity - currency exchange at a more favorable rate than at a bank . Currency is exchanged directly through the broker's website, and the difference is significant . For example, in the case of the dollar, the average bank purchase rate is 62.13330, and BCS offers to carry out the same operation at the rate of 59.63812.

Forex account registration

Bx broker: withdrawal of money through a bank

When making money on the Forex market, you need to find out the easiest way to withdraw cash through Visa and Master card. The BCS broker can provide withdrawal of money independently with the lowest commission.

Please note the calculation of the personal income tax indicator in accordance with Federal Law No. 306-FZ dated November 2, 2013. The withdrawal amount less than or equal to the personal income tax not withheld from the beginning of the period will be reduced by 13%.

If the amount exceeds the personal income tax not paid since the beginning of the year, the entire amount of the calculated tax is withdrawn upon withdrawal. Read all the useful information regarding this operation on the BKS website and choose the payment system that is suitable for you.

Russian and US stock market

When working with shares of Russian companies, you need to consider the following:

The deposit varies depending on the time of day . So, in the period from 10:00 to 18:30 Moscow time it is 5%, but in the period from 18:30 to 10:00 the deposit will already be 33%
Trading hours are from 10:00 to 18:40 Eastern Time

You can also work with shares of American companies; opening hours are from 16:32 to 23:00 EET (Eastern European Time). In general, stock trading for beginners with BCS will be comfortable. Shares of all major US and Russian companies are available, so choosing the option that suits you will not be difficult.

Summary

BCS is a well-known broker on the Russian market. About 15 thousand new clients come to the company every month. The broker is constantly expanding its product line and offering investors and traders additional services. Despite the emergence of new active players, BCS still occupy a leading position in terms of turnover.

According to experts and analysts, growing competition in the Russian brokerage services market benefits everyone. Not only for companies, but also for clients, since they have a choice of where to open brokerage accounts in order to receive the most profitable and high-quality service.

5 / 5 ( 1 voice )

about the author

Klavdiya Treskova - higher education with qualification “Economist”, with specializations “Economics and Management” and “Computer Technologies” at PSU. She worked in a bank in positions from operator to acting. Head of the Department for servicing private and corporate clients. Every year she successfully passed certifications, education and training in banking services. Total work experience in the bank is more than 15 years. [email protected]

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Futures and options

The company allows you to work with options. The following types are available: touch, up/down, range. The expiration period ranges from 1 minute to 4 hours .

When trading options:

profitability can reach up to 100%
25 currency pairs + 2 indices + 2 spot metals are available to the trader
there is a limit on the size of the bet, the minimum is 200 rubles, $5 or €5
the account must be opened in dollars, rubles or euros

If you plan to trade futures on Russian indices, be sure to take into account the trading time . In Eastern European Time, summer business hours are: 10:00-14:00, 14:05-18:45, 19:02-23:45, in winter they shift back an hour to EET time.

Registering an account on the stock market

BCS broker: exchange rates with daily review

By playing on the stock market of futures, options, shares and debt claims BCS, the broker studies currency rates in dynamics, building an exclusive business strategy.

Advantages of buying national currency on the exchange platform:

relevance;
low spread (purchase and sale difference)
security of operations
liquidity

Thanks to direct access to PJSC Moscow Exchange MICEX-RTS, you can compare rates online. Open a brokerage account with BCS Broker absolutely legally and free of charge.

Trading platforms

There are several trading platforms to choose from:

"people's" terminal MT4 . You can download it directly from the broker’s website
MT5 is the latest version of the metatrader. MT4 and MT5 have mobile versions for Android and IOs
BSC Option Trader is a separate trading platform for working with options; it does not require installation; trading is carried out online from any browser. Just follow the appropriate link on the broker’s website, enter your username and password, after which you can trade
CQG Trader – used to work on international markets. Allows you to get direct access to such exchanges as CME, NYMEX, EUREX, CBOT, ICE. The terminal is paid, and you will have to pay $25 per month
QUIK – not without the famous Quick. The terminal is also not free, the cost per month is $4 . There are also mobile versions of the terminal
TSLab – this platform is used so that a trader can independently create an advisor (mechanical trading strategy) and trade using it. Cost 2000-4000 rub/month
TradeMatic Trader - functions are the same as TSLab, but only for working on the derivatives and stock markets. Maximum cost – 730 rub/month
A number of drives are also available for Kwik, but they are useless on their own - you will not be able to conclude a deal or view stock quotes through them. They integrate with QUIK and add such useful elements as a scalping glass, the ability to visualize the process of creating robots
TrustManager – this platform is used for trust management. In principle, there is nothing unusual among the terminals and the offered software. Tariffs for their use are acceptable, so I don’t see any problems from this side.

If a person is interested in generating income, but trading for some reason is not suitable for him, he can use one of the investment tools offered by the BCS broker.

Advantages of BCS over competitors

Broker BCS is one of the largest on the Russian market, which means it is a reliable and experienced partner. The company provides a full range of financial services and provides high-quality technical support to clients.

Among the competitive advantages:

Favorable commissions. Objectively, there are brokers with lower fees for non-depository rates, but the difference is not critical. Plus, BCS is a highly specialized company and working with investors is its main activity.
Qualified information support. The BCS Express portal has online quotes for stocks, bonds and other useful news.
Convenient application BCS "World of Investments". The ease of making transactions is an important plus for a broker; BCS software is recognized as one of the best.
Quality service. Opening an account and becoming a BCS client is very simple, as is replenishing, withdrawing money, and moving it between your own accounts.

Customer reviews speak in favor of the BCS broker. In 2022, it is chosen by both beginners and experienced investors. The trend will not change in subsequent years, because there is no doubt about the reliability of the financial partner.

InvestGuru – trading strategies from BCS

I have already said before that you will not have to solve the problem of how to choose a PAMM account for investing for the simple reason that the broker does not have PAMMs. But there is a certain analogue - you can use the InvestGuru and use trading strategies.

This is not a copy trade service or anything similar that many other brokers have.
InvestGuru is a set of strategies with varying degrees of risk and a corresponding selection of tools. There is a simple filter based on the degree of risk and the minimum allowable investment amount.

The work is organized as follows - you select a suitable strategy, leave an application, then receive advice and decide whether to join this strategy. Then all you have to do is watch how your account increases.

Perhaps the best PAMM accounts from the same Alpari show greater profitability, but the strategies from BCS have reliability . And the average annual return on strategies with average risk can be over 50%.

Terms of cooperation for the client

BCS Financial Group offers many services, trying to provide the most favorable terms of cooperation for the client. The variety of tariffs allows clients of all categories to use the company’s services. Everyone will be able to choose the optimal type of trading account - initial deposit, rate, leverage, spread, the list of instruments varies.

Before trading begins, a trader who has opened an account with BCS can test his strategy to familiarize himself with the terminal by opening a demo account. Auto trading, hedging, reduced margin obligations are some of the advantages of cooperation with the company. BCS broker offers its clients to take a training course in trading on the financial exchange.

We invest in mutual funds

Mutual funds - mutual investment funds are suitable for those who do not have a large enough amount to invest on their own. In this case, investors are united, as well as their deposits, the entire amount is invested in the selected instruments, and then, based on the results of the work, the profit received is distributed depending on who invested how much (everything happens in the same way with losses).

Pros of mutual funds

The advantages of investing in mutual funds are as follows:

investments in mutual funds will be controlled by the management company, the Central Bank and a special depository. The possibility that the management team will suddenly start taking risks and breaking the rules is practically excluded
From the entire mass of tools, specialists select only promising ones
the portfolio is compiled in such a way as to minimize risks
securities can be sold at any time
the management team has a whole range of strategies suitable for any situation
BCS is a management company with many years of experience; it has been engaged in similar activities since 2000. At the moment, 12,000 clients have already invested 6.4 billion rubles, so the effectiveness has been proven over time

Consultations

If you wish, you can consult with a company representative, and he will select a mutual fund suitable for you over the phone or even create a portfolio of several mutual funds. Or you can do it yourself; the website has information on each of the investment funds.

Invest in mutual funds with BCS

History of the BKS company

BCS is a financial group that carries out transactions with different types of financial instruments in the Russian Federation and foreign countries. The company is among the top ten investment firms. Knowing the history of a company’s development, it is much easier to form an objective opinion. The history of the BCS company dates back to 1995, June 20 is the founding day of BrokerCreditService. Three years later, the company became a member of the RTS and the MICEX stock market section.

In 2000, the financial group offered clients online trading, becoming one of the pioneering companies in this area. After 12 years of operation, BCS received many awards, among which are the national award “and “Investment Company of the Year”. In 2015, the financial group celebrated its anniversary: 20 years since its founding.

Structured Products

Structured products from BCS allow you to get a profit greater than a standard bank deposit can provide, while maintaining the risk at an acceptable level. The key feature of this type of investment is that most of the funds are invested in any instruments with a guaranteed income, and some in riskier ones. Due to this, more income is achieved.

At the same time, by changing the ratio of investments with guaranteed income and risky investments, you can adjust the risk in any range . The example shows how, due to insurance against the fall of the ruble using a structured product, the profit received is significantly greater than with a deposit in a bank.

You can invest in both rubles and dollars, and you can use either a ready-made structured product or create your own, tailored to your needs. BCS analytics can help when compiling a structural product.

Real reviews

I analyzed reviews from various positions of financial barricades and then I will talk about the main theses that are published regarding BCS from:

traders;
clients;
employees.

Looking ahead a little, I will say: in general, reviews leave a positive impression of the company (especially in comparison with other brokers).

Traders

Traders sometimes complain about inflated commissions and problems in the functioning of trading programs from BCS, but for the most part active users are satisfied with the broker.

Clients

In the reviews of users of specific services or products from the BCS broker, there are positive and negative points that indicate aspects of the company’s work. Moreover, they are often opposite and comparable. But if you ignore any outright screw-ups (there’s no other way to put it), we can conclude that the broker is quite happy with the majority of its clients.

Employees

Based on the comments of the BCS broker's employees, there is a feeling that most of the employees are satisfied with their work and its conditions. Many note the high level of salaries, commensurate with intensive work in a good team.

The only negative point that occurs quite often is slow career growth.

Account types

The broker allows you to open a demo account on Forex only on MT4; on MT5 there is simply no such option.

MT4

For MT4 you can open one of the following account types:

demo account
NDD.MT4 – market execution, 41 Forex instruments are available for work, spread starts from 0.2 pips on EUR/USD, while a commission of 0.003% is also charged, leverage from 1:1 to 1:200
PRO.MT4 – 135 instruments are available for work (Forex + contracts for difference), the spread is at least 1 point, and there is no commission, Instant execution. You don’t need to create a personal account to open an account, you can immediately proceed to opening an account

MT5

For MT5 the account types are as follows:

GLOBAL.MT5 – fixed spread from 1 pip, no commissions, you can work on 333 instruments (Forex + CFD), execution type - Exchange
NDD.MT5 – spread from 0.2 p + commission 0.003%, execution type – market, but only 41 instruments are available for work and only on the Forex market
DIRECT.MT5 – spread from 0.7 p + zero commission, Instant execution, you can trade both Forex and CFD on 135 instruments

All accounts can be opened in EUR, RUB, USD, leverage from 1:1 to 1:200. The minimum deposit for all accounts is $1.

Advantages of opening a brokerage account with BCS Investments

Free account opening and maintenance. No subscription fees or hidden fees. New clients are issued a free Broker debit card for convenient account management. Investors bear only one type of expense - the BCS Investment commission for each closed transaction. An instrument with a low entry threshold, ETF, allows novice investors to understand the conditions of the market without significant financial losses.

After opening an account online, clients have access to three main strategies: Guaranteed Return, Regular Return, Bet on Growth. In 2022, the first strategy from the list was the most popular. With its help, with small investments, clients can receive a stable income from trading on the stock exchange. One of the main advantages is the opportunity to become an investor without leaving home.

Individual investment account

This account is radically different from the others in that the person who opened it receives benefits from the state , while no one bothers to make a profit through smart investing. That is, a person receives income and a tax deduction of 13%. However, in order to take advantage of this tax deduction, he will have to invest for at least 3 years.

One person can have only 1 individual investment account; it can be replenished with a maximum of 400,000 rubles per year. Replenishment currency is rubles only.

You can work with such an account independently, investing in bonds, stocks, working with options, futures. Or you can use ready-made solutions from BCS, it’s up to you to decide.

Additional services

In addition to the mobile application, trading terminal and training, the BCS broker provides clients with additional services:

Bank cards Broker and Broker Premium;
currency strategies;
structural products;
trading for beginners;
financial strategies;
dual strategies;
investment strategies;
insurance products;
single brokerage account.

BCS also provides assistance in returning taxes from investment activities and obtaining the status of a “qualified investor.”

BCS broker cards

With the help of BCS cards, clients save on commissions when withdrawing funds to accounts and cards of third-party issuers. For the Broker Premium premium card:

free cash withdrawal at any ATM up to 1 million rubles;
daily limit of 0.5 million rubles at bank ATMs;
free service for the first 2 months, then 1,900 rubles;
free transfers in rubles to other cards and accounts;
fixed commission for transfers in other currencies to cards and accounts of third-party banks;
2 free Priority Passes and 4 free Gett Premium trips per month;
1% bonuses from purchases of any goods and 9% in one of the categories when spending from the card 50 thousand rubles per month.

Conditions for the standard Broker BCS card:

free cash withdrawal at any ATM up to 100 thousand rubles per month;
free service;
You can link your card to accounts in three currencies – rubles, dollars or euros.
1% bonuses from purchases of any goods and 7% in one of the categories.

A standard card is offered to all clients who open accounts with BCS.

Single brokerage account

On a single BCS brokerage account you can trade on both Russian and foreign exchanges in different currencies. This is a more convenient tool for investors, because there is no need to switch between accounts when conducting transactions and redistribute funds.

In addition, with a single brokerage account, you can enter into transactions in foreign markets secured by Russian assets and receive US analytical reviews in Russian.

Autofollow

Autofollowing is a service that any investor can connect to a new account and until the end of the year, no commission for transactions will be deducted from him. The service is available in the BCS My Investments mobile application. You can choose the strategy yourself or entrust it to a broker. In the second case, indicate what you want to achieve as a result - save money or take a risk and earn money.

BCS offers 45 strategy options to choose from. They can be sorted by profitability, risk level, rating or minimum amount.

BCS tariffs

The broker's tariffs are divided into 3 groups depending on the instruments used. I will briefly list them.

For stocks and bonds

for an investment account the commission is 0.1%, at least 177 rubles/month
“Start” tariff - the first month after replenishment the commission is 0.0177%, after that it depends on the turnover. For turnover up to 1 million rubles – 0.0354%, 1-5 million rubles – 0.0295%, 5-15 million rubles – 0.0236%, more than 15 million – 0.0177%
"Professional" tariff . The commission depends on the daily turnover: up to 100 thousand rubles – 0.0531%, 100 – 300 thousand rubles – 0.0413%, 300 thousand – 1 million rubles – 0.0354%, 1 – 5 million – 0 .0295%, 5 – 15 million – 0.0236%, over 15 million – 0.0177%
The “Marginal Turbo” tariff is popular . Also depends on daily turnover. For daily turnover over 25 million rubles, the commission is 0.0195%
“Margin free night” - with a daily turnover of over 15 million rubles, you will have to pay 0.02124% to BCS
“Margin withdrawal” - if the daily turnover is over 25 million rubles, then the commission will be 0.0236%
another popular tariff is BCS USA classic , the commission is $0.01 per share
BCS USA Basic – $0.004 per 1 share + percentage of turnover

For futures

Tariffs for brokerage services are as follows:

investment account – commission 50 rubles for 1 contract
“Start” tariff - during the first month, if the turnover is up to 12,000 contracts, then 0.4 rubles per contract, over 12,000 - 0.2. After that, with a turnover of up to 2000 - 0.7 rubles, 2000 - 12000 commission is 0.4 rubles, and over 12000 - 0.2 rubles
"Driver+" tariff - for a turnover of up to 500 contracts, the commission is 1 ruble, 501 - 1000 you will have to pay 0.75 rubles, from 1001 to 5000 - 0.47 rubles, and over 5001 - 0.24 rubles
“Basic+” tariff - the commission depends on the account balance. Up to 500 thousand - 1 ruble/contract, 500 thousand - 1 million commission is 0.75 rubles, 1 - 2.5 million, commission is 0.47 rubles, over 2.5 million - 0.24 rubles
BCS CQG – commission per contract 1.5 USD/EUR

For foreign currency, with a daily turnover of over 200 million rubles, the commission is 0.002%, and up to 3 million rubles – 0.034%.

About the broker

Name	Brokercreditservice LLC
Year of foundation	1995
Regulator and license	· License number 1521 to conclude financial transactions. intermediary on the exchange of agreements that are financial derivatives. instruments whose underlying asset is a commodity. From 09/30/2010, with unlimited validity. · License number 154 - 12397 - 000100 for carrying out depository activities, dated July 23, 2009, with an unlimited validity period. · License number 154 – 04434 – 100000, authorizing brokerage activities, dated January 10, 2001, with an unlimited validity period. Hurry up to take advantage of the doubling of the tax deduction until December 31, 2022. · License number 154 – 04449 – 010000 to carry out dealer activities on the Securities Market, issued on January 10, 2001, with an unlimited validity period. · License number 154 – 04462 – 001000, permitting the activity of trust management of assets. From 01/10/2001, with unlimited validity.
Requisites	INN 5406121446, BIC: 044525631 r/s 40701810100000006691
Reliability rating	Expert: ruBBB+ (stable)
Trading platforms	Stock, currency and derivatives sections of the Moscow Exchange, St. Petersburg Exchange, international platforms.
Trading platform	QUIK / WebQUIK / iQUIKX / QUIK Android X, MetaTrader 5, TSLab platform, Tradematic Trader.
Minimum deposit	No limits
Authorized capital	RUB 1,558,500,000.00, date of change in the amount of the authorized capital: March 2011
Head office address	129110, Moscow, Prospekt Mira, 69, building 1, entrance 3
Official site	https://broker.ru/
Hotline number	8 (general) (for existing clients)
Free demo account	EAT
Minimum commission	0.0177% - stock market, subject to a turnover of 15 million. rub. RUB 0.24/contract – derivatives market 0.007% - currency section, with a turnover of 300 million rubles. $0.01 on NYSE, NYSE MKT and NASDAQ
Rating	4.5 out of 5

Deposit and withdrawal of funds

top up your account in one of 2 ways:

through the company's cash desk . You will need a passport, number and date of conclusion of the General Agreement
through the bank . Details for processing a payment order can be found in the notification that comes to you after opening accounts

After the money arrives to the company, it will be credited to your account within 1 day. When transferring through a bank, please note that it may take 1-3 days.

As for the output , you can use one of the following methods:

at the company office
via fax
Individuals can give orders by telephone
through the BKS-Online system
Cherek QUIK

In addition to trading, the broker offers a number of additional services. Let's go through them briefly.

Working with a broker

You can start working with a broker either by visiting the office in person or online. A rather convenient topic when opening an account is the possibility of obtaining a BCS broker bank card with free service, which also allows you to use cash back and accumulate bonuses.

Now it's time to talk about all aspects of opening an account in more detail.

Registration on the official website

The site interface is quite convenient and intuitive. There are many beautiful widgets that offer online selection of the tools of interest or set a tariff plan that suits the trading style, after which the client is automatically redirected to opening an account.

Instructions for opening an account

The regulations for opening an online brokerage account require going through several identifying stages:

send a scan or photo of your passport;
confirm email;
confirm your phone number.

To open a brokerage account at the company’s office, you need to fill out an application, after which an employee will call and invite you to the office. The BCS employee will also clarify what documents you need to have with you.

In addition, it is proposed to download the “My Broker” mobile application, where in a few clicks you can register and within 5 minutes you can start trading on the stock market by topping up your account with a regular bank transfer.

Demo account

The demo version of a trading account in the BCS broker opens easier and faster. To do this, just confirm your phone number.

The most convenient way to do this is to download the “My Broker” trading application and select a demo account. However, if a client wants to use the full functionality of a classic trading system, for example, KVIC, in demo mode, then he also has such an opportunity.

Account replenishment and withdrawal of funds

Account replenishment is carried out:

through the BCS bank branch;
by online bank transfer from any bank (in this case a commission may apply);
broker's BCS bank card.

Withdrawal of funds to a current account at BCS Bank (will be opened automatically upon concluding an agreement for brokerage services) is carried out using the following means of request:

through the “My Broker” mobile application;
Quik trading platform;
through your personal account;
by phone;
at the BCS broker's office.

Technical support

There is a 24-hour customer support service. The request can be sent to the hotline number 8-800-500-55-45 or by mail

There are also communication channels in the form of a form on the website and special online support for existing broker clients.

In premium versions of service, a personal manager from BCS is always in contact with the client, who will definitely help resolve any issues that arise.

Pros and cons of the company

The advantages of a BCS broker include:

a wide range of tariffs;
Availability of a demo version of a trading account;
stock trainer;
good software;
high level of reliability;
educational platform, own trading ideas, questions for analysts;
currency exchange;
presence of a large number of offices in different cities.

The disadvantages include:

Quite high commissions, incl. minimum account deposits;
lack of a Forex dealer license, as a result of which there is no possibility of entering Forex.

Training and Analytics

Training is organized in the format of webinars, seminars, and an individual format is also possible. Moreover, they are taught not by theorists, but by practitioners, so you will be fully prepared. As for prices, there are also free lessons, but most will still have to be paid.

Directly on the website there is a small filter with which you can select the desired type and time of the lesson in your city.

As for analytics, on the site you can find market reviews and investment ideas. Reviews are published both daily, weekly, monthly, and quarterly. So you can at least be aware of what is happening in the market. There is a link to the bcs-express , which contains an order of magnitude more analytical information. There is also an analytics section from BCS.

BCS broker - official website for clients and employees

BCS Center is:

innovative trading methodology;
optimizing your business opportunities;
a variable method of earning money through the movement of liquid capital;
many years of experience in building ideal exchange technology;
huge opportunity to start on the basis of 100,000 corporate clients;
distance training and Internet banking.

BrokerCreditService is a successful system for training and conducting options trading. The main tool of most brokers is bank trading, which aims to buy back and resell shares.

BCS broker is the official website for profitable investment activities with the lowest risks.

Beware of chasing huge income right away; it’s better to start your first steps with small but frequent victories.

BCS Premier service

If we describe the essence of this service in a few words, we can say that this is an individual approach to investment . Every person, when investing money in any instrument, expects to receive income. BCS Premier's task is to select the ideal investment option for each client.

You can work with both structured products and investment funds, you can use the trust management service or trade independently. The important thing is that immediately after you contact the company, you receive a personal advisor with whom you can consult online.

Events are periodically held in Moscow and other cities. The seminars are devoted to financial topics and ways to make money on the latest events in the world, so they can be considered as a kind of self-education .

BCS broker – currency exchange with maximum deposit savings

In BCS broker, currency exchange occurs instantly with mobile confirmation of your decision.

BCS Premier is the perfect course for foreign and domestic conversions.

Distinctive features:

almost identical rate agreed with the Central Bank;
weightless price of the service;
unlimited for amounts in any currency.

Rate the currency converter. Its advantage is the free installation of exchange transactions in dollar equivalent.

BCS Express Service

I have already briefly mentioned this service. It includes everything related to analytics and investments. Out of habit, the service may seem complicated, but in fact everything is well structured and you can figure it out quickly. The service offers you to familiarize yourself with:

news and analytics from BCS experts
technical analysis, market reviews
investment ideas and recommendations from investment houses
dividend calendar
expected events in the world of finance.

Even analysts can. If it is interesting and relevant, you may well see the answer to your question. In general, the service will be useful to those who are interested in analytics and market reviews from a broker.

Which markets does BSK Investments enter?

Through BCS, investors can enter and conduct transactions in several markets:

Russian stock exchanges are Moscow and St. Petersburg.
International – NASDAQ, NYSE, NYSE MKT, NYSE Arca, LSE IOB, Xetra.

According to customer reviews, BCS has one of the most reliable functionality compared to some other Russian brokers. All quote data is visible in real time, which allows investors and traders to conclude transactions as quickly and profitably as possible.

How to open a brokerage account

BCS Investments allows you to open a brokerage account online (via a web form on the official website) or in the mobile application. In addition, you can visit one of the company's 120 offices, available in most major cities in Russia. However, online application processing is faster and the account is opened for trading on the day of application, so the “traditional” option is not recommended.

The algorithm for opening an account is the same for the BCS Investments application and website:

Enter your mobile phone number - it will be used as a login and SMS access tool.
Confirm your phone number via SMS.
Add your passport details. You can enter the information manually, send a photo of your passport pages in good quality or a scan.
Indicate sources of income - here select all sources of funds that you plan to trade on the exchange.
Wait for the data to be processed (up to 2 minutes) and enter your TIN number. If you do not remember the TIN, follow the link under the form to clarify the number on the Federal Tax Service website.
Check all personal information again and send it for processing (up to 10 minutes).
Sign the agreement with the password from the SMS and wait for the account to be activated - this will take another 5-10 minutes.

BCS clients undergo a simplified procedure without submitting passport data. Simply select your account type and complete a short SMS identification for full access to brokerage services.

Pros and cons according to customer reviews

I analyzed customer reviews, as well as articles from some of them in my financial blogs, and highlighted the pros and cons of the BCS broker.

Pros:

Clear and transparent tariffs with relatively low commissions.
The reliability of the company, which has survived more than one global and Russian crisis, has survived and is developing successfully.
High ratings from leading rating agencies, which once again confirms the reliability of BCS.
The application interface is intuitive; no special training is required.
Availability of a personal broker and investments, the opportunity to practice on a demo account. Many people complain about the unprofitability of the transactions they recommend, but here all responsibility lies entirely with the investor. Learn materiel.

Minuses:

It is not represented in all regions, so many investors resolve emerging issues only online.
There are complaints about the work of technical support (long-term problem solving, incompetence), freezing of trading services during peak loads (but this is a problem for all brokers), and frequent technical failures in the application.
Excessive bureaucracy, when some documents can only be signed during a personal visit to the office. And this is not always possible due to its absence in the regional center.

General information

Broker BCS has been operating since 1995 as part of the independent financial group BCS. Today it is the second largest broker in terms of the number of daily transactions. In terms of the number of active users and open individual accounts, it is second only to the Big Three: Tinkoff, Sberbank and VTB.

Unlike many large brokers that grew out of Russian banking systems, it provides full access to exchange trading: on the Moscow Exchange, St. Petersburg Exchange and foreign platforms. Foreign exchange, stock and futures trading are fully available. Immediately after registering in the system, the user has more than 2000 tools at his disposal, including:

shares of companies, including new lots of foreign sites;
government and corporate bonds;
goods;
futures contracts;
investment funds (ETF/mutual fund).

Financial instruments are constantly growing without artificial control and restrictions. As an aid to thoughtful investments, BCS offers two services: ready-made investment strategies in the new FinTarget project and open investment ideas, which are available free of charge to all broker clients.

You can enter into transactions and control funds through the BCS “World of Investments” mobile application or a website with the same name. The website service is gradually replacing the previous version of BCS Online, in which banking and trading tools were combined. The vast majority of transactions occur through the mobile application. From your phone you can open an account, view detailed technical analysis charts, buy bonds at par value and control all assets, including BCS bank accounts, without switching to BCS Bank. To make it easier to track the stock exchange situation, a personalized news feed and an improved showcase with lucrative offers have been added.

Account management via Metatrader, QUIK and other popular systems is supported. In addition, cut-down “BCS Investments” can be periodically seen in other popular services - for example, in the Yandex electronic wallet. It is not recommended to use experimental solutions, as they may include additional commissions, and in case of problems, neither the broker nor his partner will be able to provide qualified support.

How to top up your account

Clients can replenish an account (brokerage or IIS) through the BCS Investments service if they have savings accounts or BCS bank cards. The maximum amount of transactions is 600 thousand rubles, the maximum annual replenishment of an IIS is 1 million rubles.

Other options:

cards of any banks, including currency cards;
bank transfers;
fast payment system.

The replenishment fee depends on the bank and type of currency. Please note: IIS is replenished only in rubles, in accordance with the general restrictions for this type of account.

Services overview

I will give an overview of the main financial services of the BCS company.

Brokerage services

There are two brokerage service tariffs to choose from.

Tariff “Investor”

Suitable for most clients. BKS recommends choosing it if your monthly turnover is no more than 500 thousand rubles. Until December 31, 2021, the transaction fee is 0%. If the tariffs in force before the promotion are not changed, then from 2022 the commission will be 0.1%.

There is no fixed remuneration. There is also no commission for withdrawing money from the account. An additional fee is charged for withdrawing currency to the account of any bank other than BCS Bank: $15 when withdrawing dollars, 30 € when withdrawing euros.

Tariff “Trader”

Suitable for active traders who make many transactions per day or month for large amounts. The minimum commission starts from 0.01% of the transaction. Maximum – 0.03%. If at least one transaction is made per month, then a fixed fee of 299 rubles is charged; if there are no transactions, you do not need to pay anything.

There is a commission for withdrawing currency - the minimum amount is 0.0708% (depending on the amount withdrawn). The additional fee for withdrawing currency to the account of any bank other than BCS Bank is similar to the “Investor” tariff.

Autofollow

BCS experts develop trading strategies based on market analysis and forecasts of its further movement. Any broker client can connect to the selected strategy. This format is called autofollow. The bottom line is that once connected, transactions will be made automatically based on expert recommendations.

Attention! When choosing a strategy, always remember that past performance does not guarantee future performance. The opinion of an expert, even the most titled one, should not become a signal for you to take action. And never invest 100% of your capital in auto-following.

The broker's website presents more than 25 strategies from different authors. They differ in risk level, profitability, minimum investment amount and rating. You can reduce the list using a filter and analyze each option. The strategy card contains detailed information about the author, risk level, profitability, composition of assets for investment, minimum amount and recommended investment period.

For example, for a rational investment profile (moderately high investment risk), I was offered 7 strategies. The maximum return over the last year was 14.77%, the minimum was minus 2.95%.

Investment ideas

Another service from a broker that requires an investor to take a balanced approach to its use is investment ideas. A so-called showcase is formed on the website and in the application with the opinions of various experts on the movement in the quotes of a particular security and a recommendation to buy. There is no connection to the idea here, therefore, there is no automatic execution of the transaction. The investor simply reads the recommendations and decides whether to follow them or not.

Responsibility for the result, as in autofollowing, lies entirely with the client, and not with the expert. In the idea card, the author provides the rationale, shows the potential returns and risks, and also recommends the investment period.

Premium

The premium service offers the services of a personal broker and money management consultant. Suitable for wealthy clients who do not have time to invest on their own.

Scheme of working with a personal broker:

Formation of an investment portfolio. The client will be required to provide information about the purpose and duration of the investment, expected profitability and frequency of interaction with the intermediary. The broker suggests specific assets to include in the portfolio.
The broker analyzes the market and offers his client a specific investment idea. If the idea suits you, the deal is completed. If not, then the intermediary analyzes the market again and offers a new option.

The table below shows premium service rates.

Options	Personal broker	Personal broker plus	Eurobonds
Description	MICEX, St. Petersburg, NASDAQ, NYSE, LSE-IOB, Eurobonds	MICEX, St. Petersburg, NASDAQ, NYSE, LSE-IOB, Eurobonds	Foreign securities on the over-the-counter market without information and analytical support
Minimum capital amount	3,000,000 rub.	3,000,000 rub.	Minimum lot amount
Commission for information support	1% of assets	15% per quarter (withheld from positive results)	No
Minimum commission per transaction	0.25%; when making a transaction on the NASDAQ, NYSE, St. Petersburg stock exchanges, another $0.01 is added for each security	0.25%; when making a transaction on the NASDAQ, NYSE, St. Petersburg stock exchanges, another $0.01 is added for each security	0,15 % + 23,6 $
Minimum commission per quarter	RUB 15,000; reduced by the amount of other commissions paid	6,000 rub.; reduced by the amount of other commissions paid	No

Scheme of working with a capital management consultant:

Setting financial goals.
Drawing up a plan to achieve them.
Formation of an investment portfolio based on the attitude to risk, expected profitability and other characteristics of the client.
Client support throughout the entire investment period: analytical support, rebalancing.

More than 100 cool lessons, tests and exercises for brain development

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minimum capital amount – 6,000,000 rubles;
the minimum commission for information support of the portfolio is 0.3% per annum for capital in excess of 400,000,000 rubles, the maximum is 1.5% per annum for capital up to 10,000,000 rubles;
transaction commission – from 0.007% to 0.07% depending on the turnover and trading platform.

Education

Novice investors can choose the following formats for learning investment skills:

Demo account with virtual 300,000 rubles. There are 3 markets available: stock, futures and foreign exchange. And also 2 platforms for trading: QUIK and Metatrader 5. To connect an account, you only need to enter your name, phone number to receive a confirmation code and email address in a special form.
Training platform “Investing 101”. It is free and offers text materials, video lessons and self-tests. You can choose the difficulty level: from beginner to professional. Lessons can be easily viewed from a mobile device. Using a stock exchange simulator, you can practice your trading skills.
Seminars and webinars. There are paid and free options.
Blog articles.