Retail Forex License
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The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
License Type:Market Making(MM)
Regulated in Country/AreaAustralia
Regulatory License No.：328794
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :VICTOR RINGOR, Suite 1 Level 24, 171 Sussex Street SYDNEY NSW 2000
Phone Number of Licensed Institution :02 8459 8050
The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.
Current Status:Offshore Regulatory
License Type:Retail Forex License
Regulated in Country/AreaThe Virgin Islands
Regulatory License No.：SIBA/L/19/1122
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
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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.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.