BCR Review
The company offers a powerful trading platform that allows you to analyze and develop strategies in real-time, without the need for dealer intervention.
Broker: BCR
Leverage: 1:400
Regulation: ASIC and BVIFSC
Min. Deposit: 300 US$
HQ: Australia
Platforms: BCR Trade, BCR Apps
Found In: 2009
Website: bcrcorp.com.au
BCR Licences
Bacera Co Pty Ltd - authorized by ASIC (Australia)registration ABN 87 130 877 137 and AFSL 328794.
BCR Co Pty Ltd – Authorized by BVIFSC ( British Virgin Islands Registration No. SIBA/L/19/1122
What is BCR?
Bacera, or BCR is an Australian-incorporated brokerage services company. It was established in 2009 to provide CFD trading. The idea behind Bacera was to put the client's needs first in order to succeed. The company offers a powerful trading platform that allows you to analyze and develop strategies in real-time, without the need for dealer intervention.
The BCR also maintained a simple account feature, which can be enhanced with reports or statistical data. This enables trading to be reliable, which is a crucial factor.
Overview
BCR is an Australian-incorporated brokerage company. It offers a transparent pricing structuresince 2009.
Pros
BCR is a trusted broker in Australia
Easy account opening
Good trading conditions for CFD trading
Market overviews
Cons
Trading instruments such as CFDs are very limited
Education materials for beginners are not very detailed
Support is not available 24/7
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐
RATING: 3.8
Is BCR a fraud or safe?
BCR isn't a fraud. It is registered and regulated with a top-tier license.
BCR is a trading mark of Bacera Co. It is licensed and regulated under the Australian authorization ASIC. BCR is also a member the Financial Ombudsman Service. Bacera Co Pty Ltd is authorized ABN 87 130 877 137, and AFSL 3228794 to register in Australia.
BCR is considered a safe broker for trading and provides funds protection through multiple means. With computable protection, audit obligations and many other safeguards, deposits are kept separate at all times at a high-ranking Australian bank. Encryption is used to protect your trading environment and any transactions you make.
Leverage
BCR offers leverage options ranging from 1:20 to 1:14. This is high leverage. Although leverage tool is a powerful feature, it's important to know how to properly use it. Many discussions have been held about leverage, and most reputable authorities have significantly reduced its ratios.
However, Australian ASIC allows retail traders to leverage high amounts. This gives you the chance to multiply potential gains.
Trade Instruments
There are many CFD products available, including shares, commodities, oil, FX and precious metals. Trading is done using the over-the counter model. Execution is fast and accurate, with counts being recalculated in milliseconds.
Types of accounts
BCR provides three account types that suit different needs. BCR Account gives access to MyBCR which is a web-based portal with account management options like record maintenance and deposit requests. You may also be eligible to win one the many prizes offered by brokers through a variety of promotions once your trading account has been funded.
You can choose a Demo account, which is risk-free and offers a 30-day trial period. Once you are ready to trade live, it is time to open a Demo account.
Fees
BCR account features allow you to choose between two account pricing options: standard tight spread or spreads starting at 0 pips and the commission per round. Swap-free accounts are also available to Islamic law traders. The table below shows the fees and compares to other brokers.
Spreads
BCR spreads differ depending on the account type. As an example, you can refer to the table below which shows the average spread offering. It starts at 0 pip. rollover and overnight fee are costs that are charged on open positions overnight. These charges are -2.5% for short positions and 2.25% respectively for long positions. You can also compare fees with another broker BDSwiss.
What deposits and withdrawals Bacera uses
You have the option to fund your account and begin trading by making bank wire transfer, credit card payments, or union pay options. The customer account request can help you to withdraw your funds.
Minimum deposit
BCR requires a minimum deposit of 300$ to open any account. This is an average amount that allows traders, from beginners to professionals, to trade with ease.
BCR Minimum Deposit vs Other Brokers
Trade Platforms
BCR considered technology an advancement, so it developed its trading platform. It won multiple awards for its functionalityand was based on MetaTrader4 software. BCR traders were able to use any strategy, including EAs and scalping, due to lower transaction costs.
The platform features powerful charting capabilities and numerous indicators. It also has tools that help to improve the trading process.
Overall, BCR Review and Bacera Review highlight the broker's platform Trader as a combination of advanced features with an intuitive interface. It can be set up to the desktop, or via mobile apps for tablets or mobiles.
These apps are compatible with any iOS or Android device. They offer great functionality and allow for full management of trading positions, monitor them and execute them through the account.
1
Customer Support
BCR also provides excellent support as it understands the importance of client satisfaction. It can only resolve clients' issues and demands by providing round-the-clock customer service. You will also find educational materials at your BCR hub. There are many ranges depending on the level.
The BCR's team also provides weekly market overviews and technical analysis on a regular basis, which in turn, offers endless opportunities to learn and become a better trader every day.
Conclusion
BCR Review concluded that the broker is a trustworthy company to cooperate since their regulator, a top-tier ASIC, is worldwide. We should mention the developed CFD trading platform for OTC, which is based upon MT4 technology. Very competitive spreads and bonus programs are all a plus.