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BCR

United Kingdom|15-20 years| Benchmark C|
Market Making(MM)|Medium potential risk|Offshore Regulated|

https://cfds.thebcr.com/en

Website

Rating Index

Benchmark

Benchmark

C

Average transaction speed (ms)

415.8 Good

MT4/5

Full License

BCRCo-DEMO

Australia
MT4
29

Influence

C

Influence index NO.1

Australia 3.64

Benchmark

Speed:A

Slippage:AA

Cost:D

Disconnected:AA

Rollover:D

MT4/5 Identification

MT4/5 Identification

Full License

29
Server Name
BCRCo-DEMO MT4
Server Location Australia

Influence

Influence

C

Influence index NO.1

Australia 3.64

Surpassed 37.95% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 3300010590
info@thebcr.com
https://cfds.thebcr.com/en
VICTOR RINGOR, Suite 3 Level 18, 201 Elizabeth Street SYDNEY NSW 2000

Licenses

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

Single Core

1G

40G

Open Now

Disclosure

Contact number

English

+44 3300010590

Other ways of contact

Broker Information

More

Company Name

BACERA CO PTY LTD

Abbreviation

BCR

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-10-08
  • The The Virgin Islands FSC regulation with license number: SIBA/L/19/1122 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

BCR · WikiFX Survey
Great A Visit to BCR in Australia - Office Found
Australia
BCR · Benchmark
Average transaction speed(ms)
415.8 Good
The highest transaction speed(ms)
137 Good
The highest speed of opening positions(ms)
137 Good
The highest speed of closing position(ms)
173 Good
The lowest speed of opening positions(ms)
1625 Good
The lowest speed of closing position(ms)
1156 Good
0USD/Lot
39.85USD/Lot
Long: -6.15USD/Lot    Short: 1.01USD/Lot
Long: -45.25USD/Lot    Short: 19.84USD/Lot Poor
Average slippage
-7.4 Good
Maximum transaction slippage
0 Perfect
Maximum positive slippage
0
Maximum negative slippage
0 Perfect
Average disconnection frequency (times/day)
0.4 Perfect
Average reconnection time (millisecond/per request)
46.9
Ranking: 110 / 134
Test user 226
Orders 10,319
Ocuppied margin $3,501,041 USD
Data Source WikiFX Data provide
Updated: 2024-10-07 01:00:00

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BCR · Company Summary

BCRBasic Information
Founded2008
Registered CountryBritish Virgin Islands
RegulationASIC, FSC (Offshore)
Tradable AssetsForex, CFDs on metals, commodities, indices
Account TypesStandard, Advantage, Alpha, and Affiliate
Demo Account
Islamic AccountNot specified
Maximum Leverage400:1
SpreadsFrom 3.0 pips
Trading PlatformsMT4, MT5, WebTrader, MAM
Minimum Deposit$300
Payment MethodsBank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, USDT
Customer Support24/5 online chat, contact form, phone: +44 3300010590, email: info@thebcr.com, social media

BCR information

BCR is a forex broker that was established in 2008 under the company name BACERA CO PTY LTD. The broker is regulated by ASIC (Australian Securities and Investments Commission) and offshore regulated by FSC (Financial Services Commission).

BCR's home page

Pros & Cons

ProsCons
• Regulated by ASIC• Offshore Regulation
• Demo Account• Limited Account Types
• Commission-free• Wide Spreads
• Advanced MT4 Trading Platform• No 24/7 Support
• Various Market Research Tools

Pros:

Regulation: BCR is regulated by ASIC (Australian Securities and Investments Commission), which provides a level of security and trustworthiness for traders.

Demo Account: BCR provides a demo account, allowing traders to practice and test their trading strategies in a risk-free environment.

Commission-free: BCR offers commission-free trading for all account types.

Advanced Trading Platforms: BCR provides access to advanced MT4 trading platform, offering comprehensive charting tools, indicators, and automated trading capabilities.

Market Research Tools: BCR offers various market research tools, including economic calendars and market live.

Cons:

Offshore Regulation: BCR claims to be regulated by FSC, but it is offshore.

Limited Account Types: BCR only offers two account types, which could restrict options for traders with specific needs or preferences.

Wide Spreads: BCR offers spreads from 3.0 pips, while the industry average spread is just 1.5 pips.

• No 24/7 Support: The availability of customer support might be limited outside of regular business hours, which could be inconvenient for traders in different time zones or those requiring immediate assistance.

Is BCR Legit?

BCR operates within a well-regulated framework, authorized and regulated by respected financial authorities, including the Australian Securities and Investments Commission (ASIC, No. 328794) and offshore regulated by the Financial Services Commission (FSC, No. SIBA/L/19/1122) in the Virgin Islands.

Regulated by ASIC
Offshore regulated by FSC

This regulatory oversight ensures that BCR complies with stringent financial regulations, industry standards, and best practices. The ASIC and FSC play a crucial role in monitoring and supervising Doo Prime's operations, ensuring that the broker maintains transparency, ethical practices.

Additionally, BCR's practice of keeping segregated client funds means that client money is kept separate from the company's own funds. This can offer an additional layer of security for traders, since in the event of a company bankruptcy, these funds would not be treated as recoverable assets by general creditors of the company. This practice is common among regulated brokers as it provides more protection for traders' investments.

Market Instruments

Forex, CFDs on metals, commodities, indices... BCR allows clients to access 300+ trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BCR.

Tradable Assets Supported
Forex
Commodities
Metals
Indices
Cryptocurrencies
Futures
Options

This includes prominent global forex currency pairs, allowing for trading in the foreign exchange market.

forex

They also offer CFDs on metals, which may include precious metals like gold and silver, as well as industrial metals.

metals CFDs

In addition, traders can access CFDs on commodities, from energy sources like oil and gas to agricultural products.

commodities CFDs

This is extended to indices, tracking performance of groups of shares in a particular market or sector.

indices CFDs

However, cryptocurrencies are currently unavailable.

Account Types

Apart from demo accopunts, BCR offers four live account types: Standard, Advantage, Alpha, and Affiliate. All account types provide leverage up to 400:1, a 50% stop-out level, micro-lot trading (0.01), and access to single stock CFDs, except for the Alpha account. The minimum deposit requirements range from $300 for the Standard and Advantage accounts to $3,000 for the Affiliate account. Spreads start from 1.2 pips for the Advantage account, with the Alpha account offering zero spreads. Additionally, the Advantage account charges a $3 commission per lot per side. The lot size per transaction is capped at 20 for all account types.

Account comparison

How to Open an Account?

Here are four specific steps to open an account with BCR:

Step 1: Visit the BCR official website: Go to the BCR website using a web browser on your computer or mobile device. Navigate to the account opening section: Look for the “Join Now” button on the website on the homepage.

Click the Join Now button

Step 2: Fill out the account application form: Click on the account opening button/link, and you will be directed to an online form. Provide the requested information, including your full name, contact details (such as phone number and email address), and password.

fill in required info

Step 3: Submit identification documents: As part of the account verification process, BCR may require you to provide identification documents. These documents may include a copy of your passport or national ID card, proof of address (such as a utility bill or bank statement), and any other documents requested by the broker.

Step 4: Review and agree to the terms and conditions: Before finalizing your account creation, carefully read through the terms and conditions provided by BCR. Make sure you understand and agree to all the terms before proceeding. If you have any questions or concerns, you can contact their customer support for clarification.

Leverage

BCR provides traders with maximum levearge up to 400:1.

Leverage, in simple terms, is a tool that enables traders to control a larger position in the market with a smaller amount of capital. It can be a valuable tool for experienced traders who understand its risks and benefits. By using leverage, traders can potentially generate higher returns on their investments.

However, leverage is a double-edged sword. While it can enhance profits, it can also magnify losses. Traders should exercise caution and implement effective risk management strategies when utilizing leverage. It is crucial to have a thorough understanding of the market and the associated risks before engaging in leveraged trading.

Spreads & Commissions

Specifically, the commissions and spreads need to pay will differ for the various trading accounts traders have.

The Standard account offers a zero-commission trading environment, allowing traders to execute trades without incurring any additional charges. Spreads for the Standard account start from 8.0 pips.

For those seeking even tighter spreads, the Advantage account is available. With spreads starting from 3.0 pips and no commissions, this account offers enhanced trading conditions for traders looking to optimize their trading strategies and minimize their trading costs.

Spreads and commissions vary on the trading symbol, more details can be found in the screenshot below.

Spreads & Commissions

Trading Platforms

BCR provides traders with popular MT4 (MetaTrader4) and MT5 (MetaTrader5) platforms as well as a user-friendly Webtrader and MAM platform. Some other popular and user-friendly trading platforms like cTrader and TradingView are not supported.

Platforms Supported
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
WebTrader
MAM
cTrader
TradingView
Trading Platforms

Deposit & Withdrawal

BCR provides its customers with over 10 payment options. The options available for depositing and withdrawing funds include Bank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, and USDT.

Payment methods

In terms of withdrawal request processing, BCR operates a specific schedule. The cut-off time for processing on the same day is 10:00 AM. Requests submitted before this time will be processed on the same day, whereas requests submitted afterwards will not be processed until the following business day.

Additionally, BCR does not charge any fees for deposits or withdrawals. However, transactions between international banks might incur fees such as intermediary fees.

Deposit & Withdrawal details

Trading Tools & Education

BCR also provides some trading tools and educational resources to help traders to gain a superb trading environment.

Their economic calendar is a must-have tool for traders, allowing them to stay informed about important economic events that have the potential to impact the markets. Identifying these events can help with planning trading strategies.

Economic calendar

Their glossary is an excellent educational resource, especially for beginner traders. It provides definitions for numerous terms used in trading, helping traders become familiar with industry jargon.

Glossary

Additionally, BCR offers a 'Market Live' feature, which provides real-time updates about market conditions and trends.

Market Live

These tools, combined with their educational resources, assist traders in making informed decisions and understanding the complexity of the markets, which ultimately contributes towards a more efficient trading experience.

Customer Support

Language(s): English, Chinese, Vietnamese, Japanese, etc.

Service Time: 24/5

Live chat, contact form

Email: info@thebcr.com

Phone: +44 3300010590

Social Media: Facebook, Twitter, Instagram, LinkedIn

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

Contact details
Contact form

FAQs

Is BCR Legit?

Yes. BCR operates legally and it is regulated by ASIC and offshore regulated by FSC.

What assets can I trade with BCR?

Forex and CFDs on metals, commodities, and indices.

Does BCR offer demo accounts?

Yes.

Does BCR offer industry leading MT4 & MT5?

Yes. It supports both MT4 and MT5.

Is BCR a good broker for beginners ?

Yes, given its stringent Australian regulation and its provision of demo accounts for novices to engage in risk-free trading, BCR could be an excellent option for beginners.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

BCR每日早评及分析-2024年10月3日

NewsBCR每日早评及分析-2024年10月3日

2024-10-03 08:57

风险提示差价合约交易因具有一定的风险性,可能不适合所有投资者。在与BCR交易前,请确保您阅读并已充分了解可能涉及到的相关风险。同时,请谨慎考虑您的投资目标,财务状况,投资需求与经验水平,并在必要时获得独立的专业意见。以上内容仅用于教育目的,不构成任何投资建议,对于因使用其中包含的信息而直接或间接造成的损失,百汇BCR不承担任何责任。BCR Co Pty Ltd (BCR Global) 受英属维京

WikiFX
2024-10-03 08:57
News
BCR每日早评及分析-2024年10月3日
BCR Introduces Exciting Promotional Offers for Traders

NewsBCR Introduces Exciting Promotional Offers for Traders

2024-03-12 11:54

Discover BCR's latest promotions designed to elevate your trading journey! Available from March 1st to March 31st, 2024, traders can benefit from enticing incentives such as gift products and bonus rewards. Ensure you grasp the eligibility criteria, terms, and conditions to optimize your trading experience with BCR.

WikiFX
2024-03-12 11:54
News
BCR Introduces Exciting Promotional Offers for Traders
Is BCR a trustworthy broker? Give it a read and find out the ans.

NewsIs BCR a trustworthy broker? Give it a read and find out the ans.

2023-10-12 13:19

BCR is an Australian forex broker that was established in 2008 under the company name BACERA CO PTY LTD. The broker is regulated by ASIC (Australian Securities and Investments Commission) and offshore regulated by FSC (Financial Services Commission), ensuring compliance with financial regulations and providing a level of trust and security for traders.

WikiFX
2023-10-12 13:19
News
Is BCR a trustworthy broker? Give it a read and find out the ans.

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