BCR

General information and regulations of BCR

Founded in 2008, headquartered in Australia, BCR is an online broker offering Contracts for Difference (CFDs). Its authorized and regulated by ASIC and FSC.

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.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments, spreads and commissions

Currency pairs, indices, commodities, metals, energy, stocks.....BCR allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BCR. cryptocurrencies are currently unavailable.

It is commendable that in the trading instruments interface, BCR provides a detailed table showing the spreads, commissions, pip value and contract size of various instruments in different accounts in detail, which greatly facilitates customers' inquiries and comparisons.

Account Types for BCR

Demo Account: BCR provides a demo account that allows you to try out the financial markets without the risk of losing money.

live Account:

BCR offers a total of 4 account types: standard, advantage, alpha and swap-free. The minimum deposit to open an account is $300, $300, $500 and $300 respectively. The threshold to open an account at BCR is not demanding at all. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Trading platforms offered by BCR

Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.

Leverage offered by BCR

BCR offers a maximum leverage of up to 1:400, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and withdrawal methods and fees

BCR is ambiguous about how deposits and withdrawals work. Wire transfers, MasterCard, VISA, Maestro and some e-wallet processors such as Skrill, Neteller, PayPal and others are some of the most frequent and popular payment methods handled by most Forex brokers. The speed of withdrawing funds from a forex broker is also one of the most important factors in building a broker's reputation.

Educational resources

A series of educational resources is available at BCR, such as market lives, glossary, market insight, basic knowledge, etcetera.

Customer support of BCR

Below are the details about the customer service.

Language(s): English, Chinese, Vietnamese

Service hours: 24/5

Email: info@thebcr.com

Phone Number: +44 3300010590

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

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Advantages and disadvantages of BCR

Advantages:

Well regulated

MT4

Sufficient information about trading costs

Educational resources

Many instruments available

Demo account

Disadvantages:

Complaints

Few deposit and withdrawal information

No MT5

No copy trading

Frequent asked questions about BCR

Is this broker well regulated？

Yes, it is currently effectively regulated by ASIC and FSC.

How much leverage does this broker offer？

The maximum leverage of BCR is 1:400. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.