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All About Trading with BCO

Account Specifications

At BCO, we keep things fair and simple, empowering you to trade up to 1500+ instruments in 8 asset classes under multiple platforms with just one pricing, one set of trading conditions and one account type for all clients! To make it easy for you, we have gathered below all the information you might need regarding our Account Specifications for your quick reference.

Account features
Key facts
Platforms
MetaTrader 5+
MetaTrader 4+
Guidants
Products available
Total instruments
1500+
FX
64
Precious Metals
2
Index CFDs
15
Share CFDs
400+
Commodity CFDs
7
ETF & ETN CFDs
21 ETFs & 4 ETNs
Cryptocurrencies CFDs
5
Physical Stocks
600+
Trading Costs
Commission on CFDs, FX & Metals
Yes
Commission on Physical Stocks

no commission

Important Note: The Company has the right and upon its discretion to charge any account due to aggressive cash equities flow (including but not limited to latency arbitrage, professional Money Manager or HFT/Algo flow) and/or any other trading actions which violate the Company's trading conditions, on a daily or weekly basis (in some cases retrospectively) as follows:

US stocks: $0.0025 per share with a minimum of $1

EU, German, Dutch stocks: 1.5bps (0.015% fee per trade value) with a minimum of 1.5 €

Overnight Financing / Swaps
Yes (excluding CFDs on Futures Contracts)
Overnight Financing costs
Yes, are calculated for CFDs on Stocks & Cash Indices: 3.25% +/- Libor.
Platform Fees
No
Additional Fees/Charges
Withdrawals
BCO does not charge processing fees for withdrawals. However, fees might be charged when transferring money to and from your BCO account, but these are charges/fees imposed by your bank or payment provider and not by BCO and the account holder will be solely responsible for these fees. BCO does not cover any third-party fees.
Inactivity Fees
When an account has been deemed inactive a monthly inactivity fee of 20 EUR/USD/GBP/CHF (depending on the base currency of the client account) will be charged to each inactive trading account. Inactivity is considered where there is no trading activity (trading or funding) in the account, for a period of three consecutive months. However, the fees are only collected from the Real Money account and only when there are sufficient available funds in the account. No inactivity fees will be charged to accounts which have not yet been funded. (Q1: 01.01 - 31.03. | Q2: 01.04 - 30.06. | Q3: 01.07 - 30.09. | Q4: 01.10 - 31.12).
Currency Conversion Fee
For currency conversions processed in your trading account as well as for a transaction requiring a currency conversion, the Company shall charge a fee on your trading account in an amount equal to 1% on the applicable exchange rate at that time.

Contract Specifications

Choose a trading product

Commissions / Fees

Instruments USD EUR GBP CHF
Instruments Forex USD 0.03 USD** EUR 0.0275 EUR** GBP 0.025 GBP** CHF 0.03 CHF**
Instruments Precious Metals - Standard USD 3.0 USD** EUR 2.75 EUR** GBP 2.5 GBP** CHF 3.0 CHF**
Instruments Physical Stocks (US stocks) USD no commission EUR no commission GBP no commission CHF no commission
Instruments Physical Stocks (German stocks) USD no commission EUR no commission GBP no commission CHF no commission
Instruments Physical Stocks (Dutch stocks) USD no commission EUR no commission GBP no commission CHF no commission
Instruments Physical Stocks (French stocks) USD no commission EUR no commission GBP no commission CHF no commission
Instruments Physical Stocks (Spanish stocks) USD no commission EUR no commission GBP no commission CHF no commission
Instruments CFDs on Stocks (France) USD 0.05% of order volume / minimum ticket charge 5 EUR EUR 0.05% of order volume / minimum ticket charge 5 EUR GBP 0.05% of order volume / minimum ticket charge 5 EUR CHF 0.05% of order volume / minimum ticket charge 5 EUR
Instruments CFDs on Stocks (Germany) USD0.05% of order volume / minimum ticket charge 5 EUR EUR0.05% of order volume / minimum ticket charge 5 EUR GBP0.05% of order volume / minimum ticket charge 5 EUR CHF0.05% of order volume / minimum ticket charge 5 EUR
Instruments CFDs on Stocks (Netherlands) USD 0.05% of order volume / minimum ticket charge 5 EUR EUR 0.05% of order volume / minimum ticket charge 5 EUR GBP 0.05% of order volume / minimum ticket charge 5 EUR CHF 0.05% of order volume / minimum ticket charge 5 EUR
Instruments CFDs on Stocks (Spain) USD 0.05% of order volume / minimum ticket charge 5 EUR EUR 0.05% of order volume / minimum ticket charge 5 EUR GBP 0.05% of order volume / minimum ticket charge 5 EUR CHF 0.05% of order volume / minimum ticket charge 5 EUR
Instruments CFDs on Stocks (Turkey) USD *** EUR *** GBP - CHF -
Instruments CFDs on Stocks (United Kingdom) USD 0.05% of order volume / minimum ticket charge 5 GBP EUR 0.05% of order volume / minimum ticket charge 5 GBP GBP 0.05% of order volume / minimum ticket charge 5 GBP CHF 0.05% of order volume / minimum ticket charge 5 GBP
Instruments CFDs on Stocks (United States of America) USD 2 cps*/ minimum ticket charge 5 USD EUR 2 cps*/ minimum ticket charge 5 USD GBP 2 cps*/ minimum ticket charge 5 USD CHF 2 cps*/ minimum ticket charge 5 USD
Instruments CFDs on Indices, CFDs on Commodities USD 0.10 USD** EUR 0.10 EUR** GBP 0.10 GBP** CHF 0.10 CHF**
CFDs on ETFs USD 2.5 cps*/ minimum ticket charge 5 USD EUR 2.5 cps*/ minimum ticket charge 5 USD GBP 2.5 cps*/ minimum ticket charge 5 USD CHF 2.5 cps*/ minimum ticket charge 5 USD
Instruments CFDs on Cryptocurrencies USD 0% EUR 0% GBP 0% CHF 0%

Notes:

* cps = cents per share

** Different remuneration available for high-volume traders (more than 10 Million USD traded per month). Commissions in FX, Precious Metals and CFDs (Indices, Commodities) are charged as round turn when the trade is opened. Commission charges will vary for residents of Mainland China. Contact us at support@binancecapitaloptions.com for more information.

*** Different remuneration schemes are applicable subject to the discretion of the Company.

FX Swap Rates for overnight positions are can be seen here. The information is updated at least once per week.

FAQ
Company FAQ
Is BCO a 100% DMA/STP broker or a market maker?
BCO isn't a market maker and never trades against its clients. All trades are either passed on directly to the reference market (foreign exchange, equity CFDs), or they are hedged simultaneously and completely (indices, commodities). We are a true DMA/STP broker offering no conflict of interest whatsoever to our clients.
How safe is my money with BCO?
The security of your investment is our highest priority at BCO. All clients' funds are kept separately from any company capital and deposited with German and British banks. Clients' funds are kept in Wirecard Bank Germany, Barclays UK. In the unlikely event of BCO declaring bankruptcy, no clients' funds would be affected. In addition, BCO Group Ltd is a member of the Investor Compensation Fund.
General FAQ
What is the minimum deposit for a live account with BCO?
The minimum deposit is either 500 EUR (account in euro), 500 CHF (account in Swiss francs), 500 GBP (account in pound sterling), or 500 USD (account in US dollars). You can also make your initial payment into an account operated in euro in USD, for example. However, please note that you need the equivalent of 500 EUR in USD to be able to utilise the live account.
Does BCO offer different accounts for different investment volumes?
No. There is only one market and only one spread. Each trader is given the same market access with BCO. We believe that this is the most transparent option and that each trader deserves to get the best market access. Traders trading high volumes are able to get rebates on the commission payable. Rebates can be granted based on a proven volume traded.
Is there any commission due when trading via BCO and, if so, how much is it?
Yes, commission is charged when trading via BCO. We are completely transparent and do not hide any costs in the spread. You can see from our rates what spreads the market offers at the time (FX, stocks) or the spread we need for hedging ourselves in a particular reference market (CFDs on indices, commodities). If you execute a trade, we charge commission but we do not gain from your trade via the spread. We believe this approach is transparent and fair.
Does BCO permit scalping and automated trading?
Yes. We welcome you, no matter what your trading style and allow the use of any Expert Advisor (automated trading system). BCO doesn't have a dealing desk and never holds the counter position to the trader. We are therefore happy to welcome scalp traders.
What is the smallest order size?
The minimum order size in Forex trading is 0.01 lot or 1 microlot (1,000 units of base currency), and for CFDs on indices, and commodities 1 lot (= 1 CFD). The minimum order size for DMA equity CFDs is 1 lot (= 1 stock share). However, there is an exception on some instruments where the mini lot size (0.1 CFD) is enabled. For a complete overview of the lot sizes, please refer to our contract specifications.
Opening an account
How do I open a live account?
It's fast and easy to open a live account with BCO. Fill in and complete the online Account Opening page, uploading any requested documents, after which you will receive an email informing you of the next steps, with a download link to our platforms. After you have confirmed your email and your details have been verified and you are registered, you will receive another email with the login credentials for your live account. Don't forget that in order to trade live, you will need first to deposit funds (a minimum of 500 units) into your account.
How long does it take to open a live trading account?
It takes 1-2 working days to open a live account with BCO, if and once all necessary documents are provided by the client.
What documents are needed to open a live account?
Before you are able to open a live account with BCO, we will request from you the following documents:
A copy of a valid international passport document (photo, personal data, signature, dates of issue and expiry, place of issue and serial number must be clearly legible).
A proof of address document, such as a utility bill, no longer than 6 months old. This is a statement of consumption, e.g. a bill for electricity, heating, water, or a credit card statement which clearly states your name and address on it.

Note: Other identity documents may be accepted or required, depending on your country of birth / home country. Our Customer Support will contact you if needed.

In which currencies can I open an account?
You can open accounts in Euros (EUR), Swiss Franc (CHF), Sterling Pound (GBP), and US Dollar (USD).
How do I open a demo account?
You can open your demo account at BCO by visiting our Account Opening page. You will then receive an email with a download link to our trading platforms. After installing it, you can start testing BCO's unique trading conditions right away!
How safe is the online registration with BCO?
At BCO, we attach great importance to client privacy. Therefore, we apply the certificate-based SSL encryption protocol - also used by banks - in our online registration forms.
Why I did not receive an email with the activation link?
As we communicate through a large number of emails, there is always a chance that the first email sent to you by BCO may accidentally be listed as spam by the filters of mailbox. If in any doubt, please check your Spam or Junk folder. If you do find our email in the Spam or Junk folder, please make sure to mark it as "Not Spam or Junk" to prevent this issue from reoccurring.

Alternatively, please send an email to support@binancecapitaloptions.com, and our friendly Customer Support Team will be happy to help accordingly.

FAQ account management
How can I pay money into my account?

You can pay funds by bank remittance (SEPA or non-SEPA) or by using BCO's online payment solution providers - SafeCharge, Skrill, Crypto and SOFORT. Please note that we attach great importance to security. For that reason, we only accept payments from a bank account kept in the client's name. If you use bank remittance, this account must have been entered as reference account in the Online Account Opening Form.

BCO Bank Details for funding your live account
Log into My BCO to fund your live account online
In which currencies can I deposit money to my live account?

Your BCO account can be opened in one of the following four currencies (EUR, USD, GBP, CHF). However, you can make a deposit in any of the currencies offered by our payment providers to us. Please note that the currency in which you are making a deposit may be converted to the equivalent amount in the currency of your BCO account (EUR, USD, GBP, CHF).

Our online payment system supports the following currencies:

Safecharge
USD: US Dollar
EUR: Euro
CHF: Swiss Franc
GBP: British Pound
RUB: Russian Ruble
SEK: Swedish Krona
NOK: Norwegian Krone
INR: Indian Rupee
ILS: Israeli Shekel
AED: Arab Emirates Dirham
EGP: Egyptian Pound
Skrill
EUR: Euro
USD: US Dollar
GBP: British Pound
HKD: Hong Kong Dollar
SGD: Singapore Dollar
JPY: Japanese Dollar
CAD: Canadian Dollar
AUD: Australian Dollar
CHF: Swiss Franc
DKK: Danish Krone
SEK: Swedish Krona
NOK: Norwegian Krone
ILS: Israeli Shekel
MYR: Malaysian Ringgit
NZD: New Zealand Dollar
TRY: New Turkish Lira
AED: United Arab Emirates Dirham
MAD: Moroccan Dirham
QAR: Qatari Rial
SAR: Saudi Riyal
TWD: Taiwan Dollar
THB: Thailand Baht
CZK: Czech Koruna
HUF: Hungarian Forint
SKK: Slovakian Koruna
EEK: Estonian Kroon
BGN: Bulgarian Leva
PLN: Polish Zloty
ISK: Iceland Krona
INR: Indian Rupee
KRW: South-Korean Won
ZAR: South-African Rand
RON: Romanian Leu New
HRK: Croatian Kuna
LTL: Lithuanian Litas
JOD: Jordanian Dinar
OMR: Omani Rial
RSD: Serbian Dinar
TND: Tunisian Dinar
Crypto
EUR: Euro
USD: US Dollar
GBP: British Pound
CHF: Swiss Franc
AED: Arab Emirates Dirham
AUD: Australian Dollar
BGN: Bulgarian Leva
CAD: Canadian Dollar
DKK: Danish Krone
HUF: Hungarian Forint
INR: Indian Rupee
JPY: Japanese Dollar
MAD: Moroccan Dirham
MYR: Malaysian Ringgit
NOK: Norwegian Krone
PLN: Polish Zloty
RON: Romanian Leu New
SEK: Swedish Krona
SGD: Singapore Dollar
TND: Tunisian Dinar
TWD: Taiwan Dollar
ZAR: South-African Rand
SOFORT
EUR: Euro
GBP: British Pound
How long does it take before the deposited money is credited to my live account?
If you deposit funds using BCO's online payment solution, they will be credited to your live account within 24 hours on banking working days. In case you deposit funds using a wire transfer, it might take longer for the transaction to be completed depending on the terms and conditions of your local bank.
How can I withdraw money from my live account with BCO?
1. Bank remittance

It's quite simple to withdraw your funds using a bank wire transfer. Just login to My BCO and fill in the form in the Withdrawal section.

In order to protect all parties against the possibility of perpetration of any financial crime and comply with AML Directive DI144-2007-08 of 2012 of Cyprus Securities Exchange Commission and related EU regulations, BCO will only process withdrawals/refunds back to the source of the original deposit.

Please be informed that in the event that funds have been deposited by both an online payment solution and by bank wire, the funds deposited via the online solution will be processed first back to the original online source up to the total amount deposited through this method and then any remaining funds will be returned by bank wire transfer.

2. BCO's online payment solution

Please note that in order to withdraw funds using BCO's online payment solution providers, SafeCharge, Skrill or SOFORT, please log in to MyBCO and make your selection in the Withdrawal section.

Safecharge:

Credit Standard: Payback on amount which equals or is less than the initial deposit made online. You will be charged 0.88 units per transfer and the procedure takes around 2-3 days.

Credit Extra: Payback on amount which is higher than the initial deposit made online. You will be charged 7.38 units per transfer and the procedure takes around 3 - 10 days.

Please note that this will not apply if your country does not support the CFT program. In this case, the extra amount will be transferred via bank transfer.

Skrill:

You will be charged 1% of the withdrawal amount, to a maximum of 10 EUR / 11USD / 8 GBP / 11 CHF. Please note: there is no extra charge if a client wants to withdraw more than he has deposited.

Crypto:

You will be charged 2% of the withdrawal amount, to a maximum of 30 USD. Please note: there is no extra charge if you want to withdraw more than the deposited amount.

SOFORT:

Withdrawals will be processed as ordinary bank withdrawal requests.

How long does it take for my money to be paid out?

Please note that this information is only an indication and depends first and foremost on the banks involved in the transaction.

Withdrawals to a German bank will be credited to your account within 2 - 3 working days.
Withdrawals to a European bank usually require 3 - 5 working days to be credited.
Withdrawals to banks outside Europe usually need 4 - 7 working days before they are credited to your account.
Withdrawals using Safecharge's Standard Credit (for withdrawals which are equal or less than your initial online deposit) will be credited within 2 -3 working days.
Withdrawals using Safecharge's Extra Credit (for withdrawals which are higher than your initial online deposit) will be credited within 3-10 working days.
Withdrawals using online payment provider Skrill/Neteller will be credited within 24h from receiving the withdrawal request.
Withdrawals using online payment provider SOFORT will be credited within 1-3 business working days from receiving the withdrawal request.
Are there any charges for wire transfer incoming payments and withdrawals?
BCO does not charge any processing fees on client transfers and does not mark-up any eventual transfer fees that may be charged by banks. Banks may charge BCO and/or our clients for transfers. When such transfer charges apply, they are transparently deducted from our clients' payments either by the Banks, or in some cases intermediary bank charges may apply as well.
I would like to use your online payment solutions. How can I do this?

Each client who has a live trading account with BCO can use our online payment solutions for safe and quick depositing of funds. To get started, login to My BCO and click on the Deposit section and make your selection. You will be redirected to the payment provider. For Skrill/Neteller, enter your credentials or register if you haven't already done so (please use the same email address as your BCO account).

For SOFORT, select your country and with the help of the bank's sort code, choose the bank that will carry out the transfer. You will enter the login section of our secure payment form, where you can log in with your own online banking login details. The information will be sent to your bank in an encrypted form. You will be asked for a confirmation code. Each confirmation code can be used only once and for your security cannot be entered a second time. You will then receive a summary of your SOFORT transfer.

Which online payment options are available to fund my account?

For Safecharge, we accept credit cards (VISA debit/credit, Maestro, and MasterCard).

For Skrill, please click here to view our different payment methods.

For SOFORT, click here to see which countries are available for instant online banking transfers.

Germany
Austria
Switzerland
UK
Italy
Spain
The Netherlands
Slovakia
Hungary
Czech Republic

I do not remember my password. How can I get a new one?
If you forgot the password for My BCO, please press on Forgot your password? and follow the further steps received by email.
If you have forgotten the password for your trading account, please send a request to support@binancecapitaloptions.com
What is the minimum deposit I can transfer online?
There is a minimum initial deposit of 500 units in the base currency of your BCO account. Apart from that requirement, there is no minimum amount for online deposits.
What is the maximum deposit I can transfer online?

For Safecharge (Visa, Maestro or Master Card), the maximum deposit is 5,000 units per day. You cannot make more than 5 deposits per hour and more than 8 deposits per day.

For customers who are verified by Skrill, they can deposit unlimited amounts from their Skrill balance as well as by credit/debit card via the Skrill gateway. Non-verified customers are subject to a deposit limit of approximately 2,500 EUR per annum (depending on the country).

For SOFORT, the maximum deposit is 50,000.00 EUR per day or 15,000.00 GBP per day -TBC

Verified Neteller customers can deposit up to 10,000.00 EUR per transaction if no lower limits apply to their accounts. Non-verified Neteller customers have a deposit limit in the range of 1,800.00-3,000.00 EUR per annum that varies depending on their risk profile and country.

How safe is the online payment?

SafeCharge is Level 1 certified by the Payment Card Industry Data Security Standards (PCI DSS). PCI security standards are operational requirements set by the Payment Card Industry Data Security Standards Council in order to protect card holder data. These standards govern all merchants and organisations that store, process, or transmit this data.

Skrill was the first licensed e-money issuer in the UK and is authorised by the Financial Conduct Authority (FCA). The information which is transmitted is encrypted to the highest standards of the Payment Card Industry Data Security Standards (PCI-DSS Level 1), so your data is unreadable even if someone tries to intercept it.

NETELLER is one of the most trusted online payment systems in the world and is authorized by the Financial Conduct Authority (FCA).The information which is transmitted is encrypted to the highest standards of the Payment Card Industry Data Security Standards (PCI-DSS Level 1), so your data is unreadable even if someone tries to intercept it.

SOFORT is one of the safest payment methods online. The entry of your online banking details and confirmation code occurs entirely in the secure payment form of SOFORT GmbH, where the merchant has no access. Sensitive information (like confidential login details and confirmation codes) is not stored. SOFORT GmbH possesses the TÜV seal "Approved Data Protection" and SOFORT has the certificate "Approved Payment System" awarded by TÜV Saarland.

What fees will I be charged when using the online payment solutions?
Please find below detailed information regarding the fees you will be charged for online deposits and withdrawals:

SAFECHARGE

Charges for Deposits:

Transaction Fee (BCO Group LTD)
0.25 EUR
0.22 GBP
0.26 USD
0.27 CHF
Transaction Fee (BCO Overseas LTD)
0.28 EUR
0.25 GBP
0.29 USD
0.30 CHF
Percentage Fee
1.95%
1.95%
2.95%
2.95%

Example:

Amount after deductions (BCO Group LTD)
490.00
490.03
484.99
484.98
Amount after deductions (BCO Overseas LTD)
489.97
490.00
484.96
484.95

Charges for Withdrawals:

Transaction Fee (BCO Group LTD)
EUR: 1.00
GBP: 0.86
USD: 1.14
CHF: 1.14
EUR: 7.00
GBP: 7.00
USD: 7.00
CHF: 7.00
Transaction Fee (BCO Overseas LTD)
EUR: 1.00
GBP: 0.86
USD: 1.14
CHF: 1.14
EUR: 7.00
GBP: 7.00
USD: 7.00
CHF: 7.00

Example:

Amount after deductions (BCO Group LTD)
EUR: 499.00
GBP: 499.14
USD: 498.86
CHF: 498.86
493.00
Amount after deductions (BCO Overseas LTD)
EUR: 499.00
GBP: 499.14
USD: 498.86
CHF: 498.86
493.00

SKRILL

Charges for Deposits:

Transaction Fee
0.29 EUR
0.32 USD
0.26 GBP
0.32 CHF
Percentage Fee
2.90%
2.90%
2.90%
2.90%

Example:

Amount after deductions
485.21
485.18
485.24
485.18

Charges for Withdrawals:

Example:

Amount after deductions
495.00

* A surcharge of 1% will apply on all transfers to SKRILL from clients residing in the following countries: Albania, Argentina, Armenia, Azerbaijan, Bangladesh, Belarus, Bosnia & Herzegovina, Brazil, Bulgaria, Cambodia, Chile, China, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Egypt, Estonia, Georgia, Greece, Hungary, Iceland, India, Indonesia, Israel, Japan, Kazakhstan, Kenya, Republic of Korea, Kuwait, Latvia, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Montenegro, Nigeria, Oman, Pakistan, Peru, Philippines, Romania, Russian Federation, Saudi Arabia, Serbia, Seychelles, Slovenia, South Africa, Sri Lanka, Thailand, Tunisia, Turkey, Ukraine, United Arab Emirates, Uruguay, Venezuela (Bolivarian Republic of), Vietnam, Taiwan .

*The charge will not exceed 10 EUR / 11 USD / 8 GBP / 11 CHF.

NETELLER

Charges for Deposits:

Transaction Fee
0.29 EUR
0.32 USD
0.26 GBP
0.32 CHF
Percentage Fee
2.90%
2.90%
2.90%
2.90%

Example:

Amount after deductions
485.21
485.18
485.24
485.18

Charges for Withdrawals:

Example:

Amount after deductions
490.00

Note: A surcharge of 1% will apply on all transfers to NETELLER from clients residing in the following countries: Albania, Argentina, Armenia, Azerbaijan, Bangladesh, Belarus, Bosnia & Herzegovina, Brazil, Bulgaria, Cambodia, Chile, China, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Egypt, Estonia, Georgia, Greece, Hungary, Iceland, India, Indonesia, Israel, Japan, Kazakhstan, Kenya, Republic of Korea, Kuwait, Latvia, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Montenegro, Nigeria, Oman, Pakistan, Peru, Philippines, Romania, Russian Federation, Saudi Arabia, Serbia, Seychelles, Slovenia, South Africa, Sri Lanka, Thailand, Tunisia, Turkey, Ukraine, United Arab Emirates, Uruguay, Venezuela (Bolivarian Republic of), Vietnam, Taiwan .

*The charge will not exceed 30 USD.

SOFORT

Charges for Deposits:

Transaction Fee
0.25 EUR
0.22 GBP*
Percentage Fee
1.8%
1.8%

* May vary depending on current EUR/GBP exchange rate.

Example:

Amount after deductions
981.75
981.75