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BCR
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BCR

Australia
2008-05-01
1
7.43
Rating Index
Software
9.13
Licensed
8.23
Risk Control
2.99
Experience
9.38
Institution
8.16
Industry Classification
D
Unqualified
Trading Platforms
MT4, MT5

Basic Information

  • Registered Region
    Australia
  • Operation Status
    Normal
  • Operating Period
    2008-05-01
  • Deposit Methods
    Bank Transfer, MasterCard, Visa, Skrill, Neteller, USDT, UnionPay, Fasapay, Help2Pay
  • Website
  • Market Type
    Foreign exchange
  • Support Languges
    English
    Chinese
  • Main Business
    Forex, Share CFDs, Metal CFDs, Commodity CFDs, Index CFDs
  • Business Type
    FX broker
  • Social Media
  • Contact Details
  • Type of Accounts
    Standard, Elite, Alpha, Affiliate
  • Trading Platforms
    MT4, MT5
  • Withdraw Methods
    Credit/Debit Card, Bank Transfer, PayPal
  • Auto Trading
    EA, CopyTrade supported

Pros and Cons

Pros of BCR include its ASIC regulation, competitive spread offerings, and the availability of both MT4 and MT5 trading platforms. However, some cons are a relatively high minimum deposit requirement of $300 and a lack of detailed information regarding Islamic (swap-free) accounts or cryptocurrency trading options.

Company Background

BCR, operated by BACERA CO PTY LTD, was established in 2008 and is regulated by the Australian Securities and Investments Commission (ASIC). It offers a range of trading services including access to Forex and various CFDs, ensuring compliance with strict regulatory standards. This regulation enhances the broker's reliability and the protection of investor funds.

Fund Security

BCR provides fund safety measures compliant with ASIC standards. Clients' funds are held in segregated accounts, ensuring that they are not used for operational purposes. This separation of funds provides a layer of protection against broker insolvency, enhancing clients' peace of mind during trading activities.

Account Opening

BCR offers several account types including Standard, Elite, Alpha, and Affiliate accounts, catering to different trader needs. The minimum deposit required to open a trading account is $300. The account creation process is straightforward, allowing users to quickly access various trading instruments after completing the necessary verification steps.

Trading Fees

Spreads at BCR start from 1.7 pips for the Standard account with no commissions. Elite accounts offer tighter spreads starting at 1.2 pips, while Alpha accounts can achieve spreads of 0.0 pips with a commission of $3 per lot. There are no deposit or withdrawal fees, though intermediary bank fees might apply.

Trading Instruments

BCR provides a diverse range of tradable instruments across multiple asset classes, including Forex pairs, share CFDs, metal CFDs, commodity CFDs, and index CFDs. However, it does not support trading in cryptocurrencies or options, which may limit some traders’ investment strategies.

Trading Technology

BCR supports both MT4 and MT5 trading platforms, which are widely recognized in the trading community for their robust features and functionality. The platforms offer a user-friendly interface, advanced charting tools, and automated trading capabilities, suitable for traders of all levels.

Research and Education

BCR provides various educational resources and market analyses to help traders improve their skills and strategies. Although specific details on educational offerings were not prominently featured, the broker aims to support traders with continuous learning opportunities.

Customer Support

Customer support at BCR is accessible via live chat, email, and phone. Support representatives are available to assist traders with their inquiries and ensure a smooth trading experience. The responsiveness of the support team is generally noted positively by users, reflecting a commitment to customer satisfaction.
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Rating Instructions
Rating Index
BCR
BCR
Regulated
Legal Environment
9.13
License Value
8.23
Risk Management
2.99
Investor Protection
9.38
Regulatory Policy
8.16
  • Software

    Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.

  • Institution

    Analyzes the regulator's policy framework, decision-making process, and enforcement transparency, including rule-making, internal control, and policy implementation effectiveness.

  • Licensed

    Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.

  • Risk Control

    Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.

  • Investor Protection

    Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

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