BCT Forex Broker

BCT Review SummaryRegistered2018Registered Country/RegionPanamaRegulationNo RegulationMarket InstrumentsForex, Stocks, CFDs, Options, Futures, Bonds, ETFsDemo Account❌LeverageUp to 1:20 (CDFs)Spread/Trading PlatformBCT TraderMinimum Deposit$10,000Customer SupportPhone: (507) 208-7305Fax: (507) 208-7315Email: info@bcttrader.comFacebook, LinkedIn, Twitter, Google PlusBCT Information BCT Trader is an online trading platform owned by BCT Securities. It offers various trading instruments such as stocks, CFDs, options, futures, etc. The platform allows users to access it through multiple devices, including web browsers, desktops, tablets, and smartphones.Pros and ConsPros Cons Multiple trading instrumentsNot regulatedVarious contact channelsHigh minimum deposit of $10,000Slow fund arrival timeLack of transparencyIs BCT Legit? BCT Trader is unregulated, even though it claims that its operating entity, BCT Securities, is registered with the regulatory authority of the Panamanian securities market and has obtained relevant licenses.What Can I Trade on BCT?Tradable Instruments Supported Forex✔Stocks✔CFDs✔Options✔Futures✔Bonds✔ETFs✔Mutual Funds❌BCT Fees The commission for trading bonds starts from 0.08%.Leverage Trading in some contracts for difference (CFDs) offers leverage, with the maximum leverage ratio being up to 20 times.Trading PlatformTrading PlatformSupported Available Devices Suitable for BCT Trader✔Web, Desktop, Tablet, Mobile/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal The minimum deposit for BCT is $10,000. When having an account with BCT Bank, the fund utilization after trade settlement requires 1 day plus 3 working days; for international transfers without a BCT Bank account, it takes 2 to 3 working days after trade settlement, plus an additional 3 working days, resulting in a longer fund arrival cycle.