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Low minimum initial deposit of $1, making it accessible for new traders.

CySEC regulated, providing a level of credibility and security for clients' funds.

Competitive spreads, with options for both fixed and floating spreads depending on the account type.

Limited information available on the website, which may lead to confusion for potential clients.

No demo account option, restricting the ability for traders to practice before committing real funds.

Maximum leverage of 1:200, which is lower compared to some other brokers that offer higher leverage ratios.

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BCS Cyprus Account Types

BCS Cyprus offers two main types of trading accounts:

Minimum Deposit: $1
Maximum Leverage: 1:200
Spreads: Average variable spreads of 0.4 pips on EUR/USD, with a commission of 0.003%.
Minimum Trade Size: 0.01 lots
Instruments Available: Forex, metals, oil, currencies, indices, stocks, bonds.

Minimum Deposit: $1
Maximum Leverage: 1:200
Spreads: Fixed spreads of 1 pip on EUR/USD.
Minimum Trade Size: 0.01 lots
Instruments Available: Forex, metals, oil, currencies, indices, stocks, bonds.

To open an account with BCS Cyprus, follow these steps:

Visit the Website: Go to the BCS Cyprus official website.
Select Account Type: Choose the account type you wish to open (NDD MT4 or Pro MT4).
Complete Personal Information: Fill out the required personal details in the registration form.
Verification Process: After submitting your information, complete the KYC (Know Your Customer) verification process.
Start Trading: Once your account is verified, you can fund your account and begin trading.

For both accounts, the minimum initial deposit is just $1, making it accessible for new traders.