BCM Markets Forex Broker

BCM Markets Review SummaryFounded2023Registered Country/RegionMauritiusRegulationNot RegulatedMarket InstrumentsForex, Indices, Metals, Commodities, SharesDemo Account✅LeverageUp to 1:500SpreadFrom 1.0 pips (Standard account)Trading PlatformMT4, MT5Minimum Deposit$0Customer SupportContact FormPhone: +44 1294620913Email: support@bcm-markets.comRegional RestrictionsThe United States, Canada, North Korea, Yemen, Belgium, SyriaBCM Markets Information BCM Markets operates as a brokerage firm registered in Mauritius. It offers access to a variety of market instruments, including forex, indices, metals, commodities, and shares. The platform provides a demo account for practice trading and supports high leverage of up to 1:500, with spreads starting at 0.0 pips. Trading is conducted on the MT4 and MT5 platforms, and there is no minimum deposit requirement to open an account. BCM Markets offers two types of live accounts: Standard and Pro.Pros and ConsProsConsVarious trading productsNot regulatedDemo accounts availableRegional restrictionsMT4 and MT5 supportedCommission chargedNo minimum depositNo deposit/withdrawal feesPopular payment methodsIs BCM Markets Legit? BCM Markets operates as a trading platform without proper licensing, which could pose risks to your funds. It is advisable to be cautious when considering placing money with BCM Markets.What Can I Trade on BCM Markets? BCM Markets' market offering covers forex, indices, metals, commodities, and shares.Trading AssetAvailableforex✔indices✔metals✔commodities✔shares✔cryptocurrencies❌bonds❌options❌ETFs❌funds❌Account Type & Fees BCM Markets offers demo accounts and two types of live accounts: Standard and Pro.Account TypeStandardProCurrencyUSD, EURUSD, EURMinimum DepositUS$0US$2,000LeverageUp to 1:500Up to 1:500Spread From 1.0 pipsFrom 0.0 pipsCommissionUS$0US$5 per lotMinimum Trade Size0.010.01Leverage The leverage differs depending on the asset, with a maximum leverage of 1:500 available. Please note that high leverage can amplify not only profits but also losses.Asset ClassMaximum LeverageForex1:500SharesMetalsIndices1:200CommoditiesTrading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, Mobile, WebBeginnersMT5✔Desktop, Mobile, WebExperienced tradersDeposit and Withdrawal BCM Markets offers deposit and withdrawal methods like Visa, Mastercard, Bank Transfer, and cryptos. BCM Markets claims that it does not apply any extra charges for depositing or withdrawing funds. Notably, BCM Markets does not accept payments from third parties. All funds deposited into clients' trading accounts must come from bank accounts in their name.