Score
BCT
Panama|5-10 years| http://bcttrader.com/home
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Panama
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed BCT also viewed..
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Website
bcttrader.com
Server Location
United States
Website Domain Name
bcttrader.com
Server IP
74.50.49.53
Company Summary
| BCT Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Panama |
| Regulation | No regulation |
| Market Instruments | Forex, Stocks, CFDs, ETFs, Options, FX Options, Futures, Bonds |
| Demo Account | / |
| EUR/USD Spread | / |
| Leverage | Up to 20x |
| Minimum Deposit | USD 10,000 |
| Trading Platform | BCT Trader |
| Customer Support | Inquiry form |
| Tel: (507) 208-7305 | |
| Fax: (507) 208-7315 | |
| Email: info@bcttrader.com | |
| Social media: Facebook, Twitter, LinkedIn, Google | |
| Address: Calle 50, Panama City, Rep. of Panama | |
BCT Information
BCT is the online trading platform owned by BCT Securities and offers trading services in Forex, Stocks, CFDs, ETFs, Options, FX Options, Futures, Bonds to global clients. You can trade all the products in one trading account, but need to start with an extremely high minimum of USD 10,000. The broker provides a proprietary web-based trading platform, with an app version available on desktop, windows and smartphones.
However, one fact that cannot be neglected is that the broker currently operates without valid regulation from any recognized authorities, degrading its legitimacy and reliability. Worsely, there's on WikiFX exposure about system slippage, indicating pure system maintanence.
Pros and Cons
| Pros | Cons |
| Various tradable assets | No regulation |
| Multiple contact channels | Single account type |
| Limited info on fee structure | |
| No MT4/5 | |
| High minimum deposit | |
| Unknown payment methods |
Is BCT Legit?
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of BCT, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
What Can I Trade on BCT?
BCT Trader offers a diverse range of trading products, including 19,000 stocks across 36 global exchanges, over 9,000 CFDs, options on stocks, indices, and futures, as well as 200+ futures contracts from 22 major exchanges.
The platform also supports bond trading, covering sovereign, government, and corporate bonds, all with competitive rates and spreads. Mutual funds and ETFs are also included in their product offerings, expanding investment options for clients.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Stocks | ✔ |
| Bonds | ✔ |
| Options | ✔ |
| ETFs | ✔ |
| Futures | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
Account Type
BCT's trading are processed in one single account, with a minimum deposit requirement of a whopping USD10,000, an extremely high barrier to most traders. Only those experienced as well as high-net-worth traders can consider to start trading journey with this broker.
Leverage
For BCT, the leverage level is up to 20x, meaning you can amplify your market exposure 20 times of your initial deposit.
But it's always suggested to use leverage prudently since it not only amplifies gains, but losses at the same time.
Trading Platform
BCT offers a proprietary web-based trading platform named “BCT Trader” for traders to access its large number of trading products.
The platform is also available as an app for desktop, tablets, and smartphones, allowing traders to trade seamlessly anytime and anywhere.
| Trading Platform | Supported | Available Devices | Suitable for |
| BCT Trader | ✔ | Web, Desktop, Tablet, Smartphone | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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