Regulated by FCA and FSS, providing a level of trust and compliance.

Long operational history since 2000, indicating stability and experience in the market.

Offers brokerage services for over 200 financial products, catering to a wide range of trading needs.

Lacks transparency regarding fees, which can lead to unexpected costs for clients.

Insufficient information on deposit and withdrawal processes, causing potential confusion for users.

Reports of customer service delays and difficulties in withdrawing funds, raising concerns about reliability.

BGC broker Accounts

BGC Account Type

BGC offers two main types of accounts tailored to meet the unique needs of its clientele:

Account Type: Institutional
Minimum Deposit: $20,000
Leverage: Up to 40:1 for Forex; varies for other assets.
Spread: Variable and negotiable, indicative spreads range from 1-3 pips for major currency pairs.
Commission: Negotiated per transaction, providing flexibility based on the notional value of trades.
Demo Account: No demo account available for BGC Trader.

Account Type: Varies by product
Fees: Typically transaction-based or usage-dependent, making them cost-effective for clients seeking targeted solutions.
Minimum Deposit: $20,000
Trading Tools: Includes compression tools and risk management systems.

To open an account with BGC, follow these steps:

Visit BGC's Official Website: Access the website to find accurate and up-to-date information about account opening procedures.
Navigate to the Account Opening Section: Locate the section specifically dedicated to account opening.
Choose the Desired Account Type: Select either BGC Trader or E-commerce Solutions based on your trading needs.
Complete the Online Application Form: Fill out the application form with accurate personal details, financial information, and trading preferences.
Submit Required Documentation: Upload necessary documents for account verification, which may include proof of identity, address, and financial statements.
Await Verification and Approval: After submission, BGC will review and verify your information. Upon successful verification, you will receive instructions on funding and accessing your trading platform.

These processes ensure that clients can access specialized trading solutions tailored to their investment strategies.