BCR Information

BCR, formed in 2008 and registered by ASIC in Australia, provides leveraged CFD trading on forex, equities, metals, commodities, and indices via popular platforms such as MT4, MT5, and MAM. It offers a variety of account types for both novices and advanced traders, including demo accounts, and no deposit or withdrawal fees. However, it currently makes no mention of offering Islamic (swap-free) accounts or cryptocurrency trading.

Pros and Cons

Is BCR Legit?

Yes, BCR is a regulated broker that works for BACERA CO PTY LTD, which is a licensed business. The Australia Securities & Investment Commission (ASIC) keeps an eye on it. It holds a Market Maker (MM) license with license number 000328794, effective since December 19, 2008.

What Can I Trade on BCR?

BCR gives you access to more than 300 financial products, including as 40+ forex currency pairs, global share CFDs, metals, commodities, and index CFDs. It gives both new and seasoned traders a flexible, leveraged trading environment across several asset types.

Account Type

BCR has four categories of live accounts: Standard, Elite, Alpha, and Affiliate. All of these accounts use the MetaTrader platform. There are demo accounts, however, there is no mention of Islamic (swap-free) accounts.

Leverage

BCR gives traders up to 400:1 leverage, which lets them control big bets with a modest deposit. High leverage can make profits bigger, but it can also make losses bigger.

BCR Fees

BCR's prices are affordable and in line with what other companies charge. They have tight spreads, fair commissions (on Alpha accounts), and no hidden fees for deposits or withdrawals.

Non-Trading Fees

Trading Platform

Deposit and Withdrawal

BCR does not charge any extra fees for deposits or withdrawals (though intermediary or international bank fees may apply). The minimum deposit at BCR is 300 USD.

Yuanta Futures Information

Yuanta Futures (Hong Kong) is a wholly-owned subsidiary of Yuanta Futures Co., Ltd. (stock code: 6023), a leading enterprise in Taiwan's futures industry. It is a legitimate and compliant futures brokerage platform. The platform offers a rich and diverse range of products, covering indices, commodities, currencies, and various global futures contracts, meeting the diverse trading needs of different investors. The trading channels are convenient, supporting trading through applications such as the “YUANTA EPOLESTAR” on the PC side and the “Yuanta Hong Kong GO” on the mobile side.

Pros and Cons

Is Yuanta Futures Legit?

Yuanta Futures is a legitimate futures brokerage firm. It is regulated by the Taipei Exchange with the regulatory number being Unreleased, which proves that its businesses, including dealing in futures contracts and leveraged foreign exchange trading, are protected by the regulatory authority.

What Can I Trade in Yuanta Futures?

Yuanta Futures offers various trading instruments, including indices, commodities, currencies, and global futures.

Indices: We provide numerous index-related futures contracts, such as those related to the MSCI indices.

Commodities: We offer futures contracts for commodities like crude oil, gold, and agricultural products.

Currencies: Currency futures including USD-CNY (Hong Kong) Futures.

Global Futures: It encompasses a wide range of products, such as US Treasury bond futures, European stock index futures, as well as Singaporean currency and equity futures.

Yuanta Futures Fees

Yuanta Futures charges commissions for the trading of different futures contracts. For example, in Hong Kong futures trading, the commission for Hong Kong index futures and options is HK$50, while the commission for the mini-contracts of some US futures is as low as US$15.

In addition, other fees also need to be paid. For instance, the information service fee (for example, the real-time quotation fee for HKEX futures is HK$75 per month), the bank transfer fee (HK$75), and the service fees for account audit confirmation, and so on (HK$300). Moreover, a currency exchange fee is also payable, and a service charge of 10 percent needs to be added to the exchange rate provided by the bank or the agent.

Trading Platform

Yuanta Futures provides a computer trading platform named “YUANTA EPOLESTAR”, and also supports mobile trading, such as applications like “Yuanta Hong Kong GO”, which are suitable for Android and iOS devices.

Deposit and Withdrawal

Customers can deposit funds through bank transfers, including local and overseas remittances. For local deposits, customers can choose methods such as ATM, cheque machine, telephone banking, counter service, or online banking. For overseas remittance, customers can make the remittance, and please indicate their account name and account number with Yuanta Futures (Hong Kong) on the remittance slip.

Regarding withdrawals, customers can contact their business representatives or fill out withdrawal instructions and submit the withdrawal requests via fax or email. Local transfers are usually credited to the account on the same day, while overseas remittances take 1 to 2 working days.