Global Forex Broker Regulatory Inquiry APP

Score

8.10 /10
Good

BCR

Australia

10-15 years

Regulated in Australia

Market Making(MM)

MT4/5 full license

Medium potential risk

Offshore Regulatory

AA
C

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Comparison

Quantity 3

Exposure

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Website

Score

License Index 8.16
Business Index 8.60
Risk Management Index 8.22
Software Index 7.34
Regulatory Index 8.13
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Website

Licenses

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

Single Core

1G

40G

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Regulatory disclosure

Warning

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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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

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2023-05-31
  • The The Virgin IslandsFSC regulation with license number: SIBA/L/19/1122 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

BCR · Benchmark
Average transaction speed(ms)
580.3
The highest transaction speed(ms)
156 Good
The highest speed of opening positions(ms)
156 Good
The highest speed of closing position(ms)
250
The lowest speed of opening positions(ms)
997 Great
The lowest speed of closing position(ms)
1281 Good
Ranking: 49 / 121
Test user 151
Transactions 1,852
Ocuppied margin $2,457,396 USD
Data Source WikiFX Data provide
Updated: 2023-05-29 01:05:00
Pyramid scheme complaint
Expose
Sources
BCR · Company summary
Registered in Australia
Regulated by ASIC, FSC
Year(s) of establishment 10-15 years
Trading instruments Currency pairs, indices, commodities, metals, energy, stocks
Minimum Initial Deposit $300
Maximum Leverage 1:400
Minimum spread 0.0 pips onwards
Trading platform MT4
Deposit and withdrawal method Information not available
Customer Service Email/ phone number/ address
Fraud Complaints Exposure Yes

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.

spreads and commissions

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.

account types

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.

trading platform

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.

educational resources

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

customer support

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.

users' exposure

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.

User Reviews

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User comment

9

Comments

Write a review

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 ‎
6-12months
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
6-12months
#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
6-12months
3M5ABjfbP2sefzfejkv2jJhPJnRzmuCZgz
2022-09-22 22:06
Reply
0
1
3
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