Do you want to know which is the better broker between easyMarkets and BCR ?
In the table below, you can compare the features of easyMarkets , BCR side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of easymarkets, bcr lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
General Information & Regulation
esayMarkets was launched in 2001, is a reputable financial services provider. From its inception, easyMarkets has been committed to providing innovative products, tools, and services to its clients. easyMarkets, through its subsidiary Easy Forex Trading Ltd, is authorized by the Cyprus Securities and Exchange Commission (license number 079/07), and Easy Markets Pty Ltd is authorized by the Australian Securities and Investments Commission (license number 246566). EF Worldwide Ltd is authorized by the Seychelles Financial Services Authority (license number: SD056), and the Virgin Islands Financial Services Commission (license number: SIBA/L/20/1135), and easyMarkets is a trading name of EF Worldwide Ltd, with its registration number 2031075.
easyMarkets offers investors a wide range of tradable financial instruments, including forex currency pairs, precious metals (gold, silver, palladium, platinum, copper), energies (West Texas light crude oil, heating oil, and natural gas), stocks, stock indices, commodities, digital currencies (Bitcoin, Ethereum, and Ripple), standard options and more.
easyMarkets offers three account options for traders, namely the Standard, the Premium and the VIP accounts. The Standard account requires a minimum deposit of 200 AUD, and it should be noted that the initial deposit requirement for the premium and the VIP account seem way too high, 3000 AUD and 10,000 AUD respectively.
The leverage level depends on instruments and platform traders trade, and maximum levearge offered by easyMarket is up to 1:400, the 1:50 for major crypto currency, quite high leverage, indeed.
|Standard Account||Premium Account||VIP Account|
|Max. Leverage (Web)||1:200||1:200||1:200|
|Max. Leverage (MT4)||1:400||1:400||1:400|
Spreads & Commissions
The spreads on the easyMarkets platform are 0.9 pips for EURUSD, 1.3 pips for GBPUSD, 1 pips for USDJPY, 1.5 pips for USDCHF, 2 pips for USOIL, and 1.8 pips for GER30. Moreover, easyMarkets has launched a series of promotions for new traders: investors are awarded a 30% (minimum $30, maximum $60) tradable bonus on their first deposit of $100-$199, a 50% (minimum $100, maximum $500) tradable bonus on their first deposit of $200-$1,000, a 50% (minimum $100, maximum $500) tradable bonus on their first deposit of 1000-$5000, 40% (min $400, max $2000) tradable bonus.
Trading Platform Applied
easyMarkets offers traders the flexibility to choose from the easyMarkets web platform, mobile app, and easyMarkets MT4 trading software. The easyMarkets platform is user-friendly, and feature-rich, also suitable for experienced traders. Traders can access easyMarkets' free guaranteed stop loss, no slippage, fixed spreads, and access fees. The easyMarkets trading application offers various trading options based on the trader's objectives and strategies, providing access to market dynamics and real-time prices without leaving the application. The easyMarkets MT4 includes over 80 markets in currencies, metals, commodities, indices, and cryptocurrencies with the ability to trade CFDs with one click, create custom trading templates, or select pre-involved templates. MT4 is available for iPhone, iPad, Android phones, tablets, and PCs.
Deposit & Withdrawal
easyMarkets supports a wide range of convenient deposit and withdrawal methods, mainly credit/debit cards, bank transfers, Skrill & Neteller e-wallets, and WeChat payments. EasyMarkets does not charge any fees for deposits or withdrawals.
General Information & Regulation
Founded in 2008, headquartered in Australia, BCR is an online broker offering Contracts for Difference (CFDs) on 6 asset classes: forex, metals, commodities, indices, cryptocurrencies, and shares. BCR is a trading name of the Bacera Co that is licensed and regulated by the Australian authorization ASIC, with registration number 328794. BCR Co Pty Ltd (BCR Global) is authorised and regulated by British Virgin Island Financial Services Commission (certificate no. SIBA/L/19/1122).
BCR company provides six types of CFD trading, Forex, Precious Metals, Commodities, Indices, Cryptocurrencies, and stocks, providing customers with a high level of liquidity and a trading system without traders. The business model is STP straight-through.
Minimum Deposit of BCR
When it comes to the minimum deposits required by BCR, this broker gives its traders a choices of three accounts, the Alpha account, the Platinum account, and the Standard account. The minimum deposit for opening an standard and swap-free account is $300, while the Alpha account requires a minimum of $500. Compared with BCR, the standard accuounts by most brokers only needs a minimum initial deposit of $100 to $200.
Leverage of BCR
BCR sets the level of leverage from 1:20 to 1:400, and users can choose flexibly in light of their own needs. and the maximum leverage is 400:1. The spreads of Alpha account are as low as 0.0 pips, main spread of Platinum account starting from 1.1 pips, and main spread of Standard account as low as 1.7 pips.
Spreads & Commissions of BCR
BCR features the floating spreads. The lowest floating spread of major currencies is 1.6, the lowest floating spread of precious metal products is 40, the lowest floating spread of commodities is 10, the lowest spread of index products is 5, and the lowest floating spread of cryptocurrencies is 500. The lowest floating spread for stocks is 10. There is a commission charged on CFD trades on the USD/CNH instrument and Share CDF trades. This fee is a flat fee per lot that has been determined at this companys direction, US$50/AU$50 per lot for USD/CNH trades and $20 USD/AUD per lot for Share trades. Besides, a three-day swap applied on wendesday.
BCR offers its trader the famous and widely used MT4 trading platform, with its interface intutive and easy to use. Traders can get help from more than 200 custom indicators and EAs. It supports more than 22 languages, highly configurable and highly customizable, available for desktop and portable devices.
Deposit & Withdrawal
BCR accept traders to fund their accounts via bank wire transfer, Skrill, UnionPay, Visa/MasterCard credit card, Neteller. BCR doesn't charge any internally extra fees, yet any international telegraphic transfer fees will be passed to the client or other charges of their provider are solely their responsibility.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive easymarkets and bcr are, we first considered common fees for standard accounts. On easymarkets, the average spread for the EUR/USD currency pair is 1.2 pips pips, while on bcr the spread is 0.0+.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
easymarkets is regulated by ASIC,CYSEC. bcr is regulated by ASIC,FSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
easymarkets provides trading platform including VIP,Premium,Standard and trading variety including --. bcr provides trading platform including ALPHA ,STANDARD ,SWAP-FREE and trading variety including --.