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BCR

Australia|15-20 years| Benchmark C|
Market Making(MM)|MT4 Full License|Regional Brokers|Medium potential risk|Offshore Regulated|

https://cfds.thebcr.com/en

Website

Rating Index

Benchmark

Benchmark

C

Average transaction speed (ms)

614.2

MT4/5

Full License

BCRCo-DEMO

China
MT4
20

Influence

C

Influence index NO.1

Australia 3.64

Benchmark

Speed:B

Slippage:C

Cost:AA

Disconnected:AAA

Rollover:C

MT4/5 Identification

MT4/5 Identification

Full License

20
Server Name
BCRCo-DEMO MT4
Server Location China

Influence

Influence

C

Influence index NO.1

Australia 3.64

Surpassed 37.95% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 3300010590
info@thebcr.com
https://cfds.thebcr.com/en
Trident Chambers, Wickham’s Cay 1, Road Town, Tortola, British Virgin Islands

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Contact number

English

+44 3300010590

Broker Information

More

Company Name

BACERA CO PTY LTD

Company Abbreviation

BCR

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-06-20
  • The The Virgin Islands FSC regulation with license number: SIBA/L/19/1122 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

BCR · WikiFX Survey
Great A Visit to BCR in Australia - Office Found
Australia
BCR · Benchmark
Average transaction speed(ms)
614.2
The highest transaction speed(ms)
188
The highest speed of opening positions(ms)
188 Good
The highest speed of closing position(ms)
0
The lowest speed of opening positions(ms)
1066 Great
The lowest speed of closing position(ms)
0 Perfect
19.67USD/Lot
12.64USD/Lot Perfect
Long: -5.25USD/Lot    Short: 0.72USD/Lot Good
Long: -39.15USD/Lot    Short: 14USD/Lot Poor
Average slippage
2.4 Poor
Maximum transaction slippage
22
Maximum positive slippage
-1 Good
Maximum negative slippage
22
Average disconnection frequency (times/day)
0.4 Perfect
Average reconnection time (millisecond/per request)
69
Ranking: 100 / 127
Test user 205
Orders 2,815
Ocuppied margin $3,188,981 USD
Data Source WikiFX Data provide
Updated: 2024-06-19 01:06:SS

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BCR · Company Summary

BCR Basic Information
Registered Country Australia
Founded 2008
Regulation ASIC, FSC (Offshore)
Tradable Assets Forex, CFDs on metals, commodities, indices
Account Types Standard, Advantage, Alpha, and Affiliate.
Demo Account Yes
Islamic Account Not specified
Maximum Leverage 400:1
Spreads From 3.0 pips
Trading Platforms MT4, MT5, WebTrader
Minimum Deposit $300
Payment Methods Bank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, USDT
Customer Support 24/5 online chat, contact form, phone: +44 3300010590, email: info@thebcr.com, social media

General information

BCR is an Australian forex broker that was established in 2008 under the company name BACERA CO PTY LTD. The broker is regulated by ASIC (Australian Securities and Investments Commission) and offshore regulated by FSC (Financial Services Commission), ensuring compliance with financial regulations and providing a level of trust and security for traders.

BCR's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Regulated by ASIC • Limited Account Types
• Demo Account • Wide Spreads
• Commission-free • No 24/7 Support
• Advanced MT4 Trading Platform
• Various Market Research Tools

Pros:

Regulation: BCR is regulated by ASIC (Australian Securities and Investments Commission), which provides a level of security and trustworthiness for traders.

Demo Account: BCR provides a demo account, allowing traders to practice and test their trading strategies in a risk-free environment.

Commission-free: BCR offers commission-free trading for all account types.

Advanced Trading Platforms: BCR provides access to advanced MT4 trading platform, offering comprehensive charting tools, indicators, and automated trading capabilities.

Market Research Tools: BCR offers various market research tools, including economic calendars and market live, to help traders stay informed and make well-informed trading decisions.

Cons:

Limited Account Types: BCR only offers two account types, which could restrict options for traders with specific needs or preferences.

Wide Spreads: BCR offers spreads from 3.0 pips, while the industry average spread is just 1.5 pips.

Customer Support Availability: The availability of customer support might be limited outside of regular business hours, which could be inconvenient for traders in different time zones or those requiring immediate assistance.

Is BCR Legit or a Scam?

BCR operates within a well-regulated framework, authorized and regulated by respected financial authorities, including the Australian Securities and Investments Commission (ASIC, No. 328794) and offshore regulated by the Financial Services Commission (FSC, No. SIBA/L/19/1122) in the Virgin Islands.

regulated by ASIC
offshore regulated by FSC

This regulatory oversight ensures that BCR complies with stringent financial regulations, industry standards, and best practices. The ASIC and FSC play a crucial role in monitoring and supervising Doo Prime's operations, ensuring that the broker maintains transparency, ethical practices.

Additionally, BCR's practice of keeping segregated client funds means that client money is kept separate from the company's own funds. This can offer an additional layer of security for traders, since in the event of a company bankruptcy, these funds would not be treated as recoverable assets by general creditors of the company. This practice is common among regulated brokers as it provides more protection for traders' investments.

Market Instruments

Forex, CFDs on metals, commodities, indices... BCR allows clients to access 300+ trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BCR.

This includes prominent global forex currency pairs, allowing for trading in the foreign exchange market.

forex

They also offer CFDs on metals, which may include precious metals like gold and silver, as well as industrial metals.

metals CFDs

In addition, traders can access CFDs on commodities, from energy sources like oil and gas to agricultural products.

commodities CFDs

This is extended to indices, tracking performance of groups of shares in a particular market or sector.

indices CFDs

However, cryptocurrencies are currently unavailable.

This extensive offering enables traders to diversify their portfolios and engage in different markets based on their investment preferences and strategies.

Account Types

Apart from demo accopunts, BCR offers four live account types: Standard, Advantage, Alpha, and Affiliate. All account types provide leverage up to 400:1, a 50% stop-out level, micro-lot trading (0.01), and access to single stock CFDs, except for the Alpha account. The minimum deposit requirements range from $300 USD for the Standard and Advantage accounts to $3,000 USD for the Affiliate account. Spreads start from 1.2 pips for the Advantage account, with the Alpha account offering zero spreads. Additionally, the Advantage account charges a $3 USD commission per lot per side. The lot size per transaction is capped at 20 for all account types.

account-types

How to Open an Account?

Here are four specific steps to open an account with BCR:

Step 1: Visit the BCR official website: Go to the BCR website using a web browser on your computer or mobile device. Navigate to the account opening section: Look for the “Join Now” button on the website on the homepage.

click on Join Now button

Step 2: Fill out the account application form: Click on the account opening button/link, and you will be directed to an online form. Provide the requested information, including your full name, contact details (such as phone number and email address), and password.

fill in required info

Step 3: Submit identification documents: As part of the account verification process, BCR may require you to provide identification documents. These documents may include a copy of your passport or national ID card, proof of address (such as a utility bill or bank statement), and any other documents requested by the broker.

Step 4: Review and agree to the terms and conditions: Before finalizing your account creation, carefully read through the terms and conditions provided by BCR. Make sure you understand and agree to all the terms before proceeding. If you have any questions or concerns, you can contact their customer support for clarification.

Leverage

BCR provides traders with maximum levearge up to 400:1.

leveraage

Leverage, in simple terms, is a tool that enables traders to control a larger position in the market with a smaller amount of capital. It can be a valuable tool for experienced traders who understand its risks and benefits. By using leverage, traders can potentially generate higher returns on their investments.

However, leverage is a double-edged sword. While it can enhance profits, it can also magnify losses. Traders should exercise caution and implement effective risk management strategies when utilizing leverage. It is crucial to have a thorough understanding of the market and the associated risks before engaging in leveraged trading.

Spreads & Commissions

BCR provides traders with a variety of options when it comes to spreads and commissions, catering to different trading needs and preferences. The Standard account offers a zero-commission trading environment, allowing traders to execute trades without incurring any additional charges. Spreads for the Standard account start from 8.0 pips.

For those seeking even tighter spreads, the Advantage account is available. With spreads starting from 3.0 pips and no commissions, this account offers enhanced trading conditions for traders looking to optimize their trading strategies and minimize their trading costs.

Spreads and commissions vary on the trading symbol, more details can be found in the screenshot below.

Spreads & Commissions

Trading Platforms

BCR provides traders with a versatile trading platform that encompasses the renowned MT4 (MetaTrader4) platform as well as a user-friendly webtrader. The MT4 platform is highly regarded in the industry for its robust features and comprehensive tools, empowering traders with advanced charting capabilities, technical indicators, and a wide range of order types to suit their trading strategies. With MT4, traders can analyze market trends, execute trades with precision, and effectively manage their positions.

MT4

Deposit & Withdrawal

BCR provides its customers with a variety of payment options, catering to different banking preferences. The options available for depositing and withdrawing funds include Bank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, and USDT. This selection gives traders a good deal of flexibility.

payment methods

In terms of withdrawal request processing, BCR operates a specific schedule. The cut-off time for processing on the same day is 10:00 AM. Requests submitted before this time will be processed on the same day, whereas requests submitted afterwards will not be processed until the following business day.

Additionally, BCR does not charge any fees for deposits or withdrawals. However, transactions between international banks might incur fees such as intermediary fees.

Deposit & Withdrawal details

Trading Tools & Education

BCR is dedicated to providing its clients with a comprehensive trading experience by offering valuable trading tools and educational resources.

Their economic calendar is a must-have tool for traders, allowing them to stay informed about important economic events that have the potential to impact the markets. Identifying these events can help with planning trading strategies.

economic calendar

Their glossary is an excellent educational resource, especially for beginner traders. It provides definitions for numerous terms used in trading, helping traders become familiar with industry jargon.

glossary

Additionally, BCR offers a 'Market Live' feature, which provides real-time updates about market conditions and trends.

Market Live

These tools, combined with their educational resources, assist traders in making informed decisions and understanding the complexity of the markets, which ultimately contributes towards a more efficient trading experience.

Customer Support

Customer support through multiple channels, including phone, email, contact form and online chat. This multi-channel approach ensures that traders have various options to reach out for assistance or inquiries.

By offering phone support, BCR allows traders to have direct communication with their support team, enabling them to receive real-time assistance and resolve any urgent matters.

Email support provides traders with a written record of their communication, allowing them to articulate their queries or concerns in detail and receive responses at their convenience.

Additionally, BCR's online chat support enables traders to have quick and direct interactions with a support representative. This live chat feature allows for instant messaging and real-time responses.

Below are the details about customer service.

Language(s): English, Chinese, Vietnamese, Japanese, etc.

Service Time: 24/5

Live chat, Contact Form

Email: info@thebcr.com

Phone: +44 3300010590

Social Media: Facebook, Twitter, Instagram, LinkedIn

Address: BCR Co Pty Ltd, Trident Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.

contact details
contact form

Frequently Asked Questions (FAQs)

Q 1: Is BCR regulated well?
A 1: Yes. It is regulated by ASIC and offshore regulated by FSC.
Q 2: What assets can I trade with BCR?
A 2: Forex and CFDs on metals, commodities, and indices.
Q 3: Does BCR offer demo accounts?
A 3: Yes.
Q 4: Does BCR offer industry leading MT4 & MT5?
A 4: Yes. It supports MT4.
Q 5: What is the minimum deposit for BCR?
A 5: $300.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

BCR Introduces Exciting Promotional Offers for Traders

NewsBCR Introduces Exciting Promotional Offers for Traders

2024-03-12 11:54

Discover BCR's latest promotions designed to elevate your trading journey! Available from March 1st to March 31st, 2024, traders can benefit from enticing incentives such as gift products and bonus rewards. Ensure you grasp the eligibility criteria, terms, and conditions to optimize your trading experience with BCR.

WikiFX
2024-03-12 11:54
News
BCR Introduces Exciting Promotional Offers for Traders
Is BCR a trustworthy broker? Give it a read and find out the ans.

NewsIs BCR a trustworthy broker? Give it a read and find out the ans.

2023-10-12 13:19

BCR is an Australian forex broker that was established in 2008 under the company name BACERA CO PTY LTD. The broker is regulated by ASIC (Australian Securities and Investments Commission) and offshore regulated by FSC (Financial Services Commission), ensuring compliance with financial regulations and providing a level of trust and security for traders.

WikiFX
2023-10-12 13:19
News
Is BCR a trustworthy broker? Give it a read and find out the ans.

User Reviews

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17

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Arjun Kapoor
more than one year
This is the first platform I've used to learn forex trading, and I love BCR's demo account. It's great for beginners to learn quickly. However, the drawback is that it expires after only one month. It would be better if it lasted a bit longer.
2024-05-16 14:33
Reply
0
0
James Wilson
more than one year
I prefer BCR as my first choice online trading platform for CFDs. Although their safety measures are reassuring, I have encountered some instability lately due to system upgrades. I am hopeful that they will promptly address these issues.
2024-05-16 13:50
Reply
0
0
FX1670650374
more than one year
Fast deposit, fast withdrawal and customer service' team was very helpful..5star BCR team
2024-05-07 18:25
Reply
0
0
FX1039670361
more than one year
This platform is an old platform, very stable, and has been in use all along.
2024-03-26 13:50
Reply
0
0
G l0balreclai m . 0 rg
3-6months
No reply from the customer support and i got my account locked up and get intouch with my profile name to regain everything
2024-01-09 02:59
Reply
0
0
Patah
6-12months
all is good
2023-09-21 02:58
Reply
0
0
Streaming
more than one year
BCR is this Aussie forex broker that's been in the game since way back in 2008. What instills trust for me is that they are regulated by the ASIC and the FSC. Plus, they separate clients' funds from their own, which means even if they go under, the traders' money is safe. They offer forex trading plus CFDs on metals, commodities and indices. It's a bummer that cryptocurrencies are off the table, though. You can choose between two live account types - a standard account and an advantage account. And you can start trading from 300 bucks. The leverage is a moderate 100:1. So while you can multiply your profits, you can also multiply your losses. Just remember, with great power, comes great responsibility! BCR's spreads start from 8.0 pips for the Standard account and 3.0 pips for the Advantage account, which is a bit high to be honest, but hey, they are commission-free. The MT4 platform is their weapon of choice and they have a bunch of payment options including traditional bank transfers, Card payments, digital wallets, and even USDT. Watch out for any pesky fees from your bank, though. BCR provides some handy tools like the economic calendar and Market Live for staying abreast with what's happening in the market. Their glossary of trading jargon is also pretty champion for beginners. But, just keep in mind, their customer support might not be available outside of regular business hours. All said and done, BCR seems like a pretty solid platform to have in your corner.
2023-09-13 18:00
Reply
0
0
Jonathan Batista
6-12months
Users need more tranding products for more trade.
2023-06-27 10:37
Reply
0
0
陈祥
more than one year
BCR is the best broker ever, I would honestly recommend it to anyone. Everything is very easy to navigate and they’re services are excellent.
2023-03-01 10:55
Reply
0
0
橘子
more than one year
I have been trading on Bacera. This platform is especially suitable for me. In terms of withdrawals, the leverage is high and there is no slippage. Trading on this platform is very safe, and the customer service is very professional. Highly recommend this platform! Five-star praise.
2022-12-20 10:32
Reply
0
0
frank18881
more than one year
No commissions charged, accompanied by relatively high spreads, with the minimum spread on the eurusd pair from 1.6 pips. Besides, swap rate is also charged. Total trading fees are not low.
2022-12-19 13:53
Reply
0
0
五福
more than one year
For me, this platform is not very advantageous, the minimum deposit is high, and it is not very user-friendly. Trading products are not very rich, I like to combine different products. The most important point is that no demo account is offered, so forget it.
2022-12-15 09:58
Reply
0
0
Rayn@1Rayn ‎
more than one year
Thank you for the great topic
2022-10-16 10:36
Reply
2
2
Mimichoo
more than one year
There is no Zhijin on the bcr platform. It is said that this kind of platform will close sooner or later. It has been a few days after the withdrawal of the gold. such a platform. It is to cancel my withdrawal directly, be careful with this platform
2022-10-14 11:10
Reply
1
1
hlwmymnyt
more than one year
#Unexperienced
2022-10-13 03:37
Reply
0
1
shaB
more than one year
Bad platform, black platform, no money, no words, no big brand, can't even get a small amount of money, and we still have more than 100,000
2022-10-12 17:51
Reply
0
3
SajjadahmadSajjadahm
more than one year
3M5ABjfbP2sefzfejkv2jJhPJnRzmuCZgz
2022-09-22 22:06
Reply
0
1
3
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