BCR Review

1. BCR Pros and Cons
2. Is BCR safe or a scam?
3. Leverage
4. Trading Fees
5. Spread
6. Deposits and Withdrawals
7. Trading Platform
8. Conclusion

Our Review Method

• The financial specialists at 55Brotkers conducted a comprehensive evaluation of a broker’s offerings, taking into account various aspects such as fees, spreads, trading platforms, assets on offer, and licensed verification. Additionally, they reached out to the customer support team and placed real trades to assess the trading environment and provide an expert verdict on BCR

What is BCR?

BCR or Bacera is an incorporated Australian brokerage services company that was founded in 2008 as a CFD trading provider offering to trade in forex, shares, metals, commodities, and indices. As a broker, Bacera offers its clients access to various trading platforms, a wide range of financial instruments to trade, and competitive trading conditions, including low spreads and fast execution speeds.

• Broker’s main idea is to place first the client’s needs in order to be successful. For that reason, the company provides a powerful trading platform that allows quotes to analyze and strategy development in real time without dealer intervention.

Also, the BCR maintained a simple account feature that is enhanced by reports or statistical data, and of course enables the reliability of the trading environment, the crucial factor in trading.

BCR Pros and Cons

BCR is among the respected Australia-regulated brokers with the easy account opening and good trading conditions for CFD trading with good trading platforms and quality analysis, market overviews, and support services.

On the flip side, trading instruments are limited to CFDs and education materials are not very deep for beginning traders. As well as spreads for some account types are higher than the industry average

Overall BCR Ranking

BCR Alternative Brokers

However, the broker trading instrument range is limited to FX and CFDs, as well as platform choice is poor as well. Spreads for some trading account types are higher. So it is good to review other brokers as well:

• Dukascopy – Excellent for Shares, Futures Trading
• Pepperstone – Good Platform and CopyTrading
• InteractiveBrokers – Good for US Trading and Trading of Real Stocks

Is BCR safe or scam?

BCR is a safe and regulated broker based in Australia and is regulated by the local financial regulator ASIC. The company holds a valid registration and operates under the oversight of relevant financial regulatory bodies in the country, which ensures that it operates in a transparent and compliant manner. Read Why Trade with Australian ASIC Brokers.

Is BCR regulated?

BCR is a trading name of the Bacera Co that is licensed and regulated by the Australian authorization ASIC and is also a member of the Financial Ombudsman Service. The registration in Australia is used by Bacera Co Pty Ltd authorized ABN 87 130 877 137 and AFSL 328794.

• it is worth noting that BCR is also regulated in the British Virgin Islands, a well-known offshore jurisdiction. Offshore financial centers like the British Virgin Islands are popular destinations for financial services companies due to their favorable tax policies, relaxed regulations, and supportive legal frameworks.
• However, it’s important to understand that offshore regulations may be less stringent compared to those in more developed financial markets like the European Union or the United States. As such, clients may need to take extra care when selecting a broker operating in such jurisdictions and consider factors such as their regulatory track record, reputation, and financial stability.

Our Conclusion on BCR Reliability:

• The BCR Trust Score, as determined by 55Brokers, is 8 out of 10, indicating a strong level of trust in the broker. This score reflects BCR’s unwavering commitment to regulatory compliance and client protection, which have earned it a trustworthy reputation in the industry. By adhering to strict standards, BCR has created a secure trading environment for its clients and has ensured the safety of their funds. Despite this, it is worth mentioning that BCR operates an offshore entity for its international operations, which could carry some associated risks and challenges.

How Are You Protected?

Therefore and due to its regulations, BCR is considered a safe trading broker which also provides funds’ protection, done through several ways that ensure its safety. Deposited funds are segregated at all times with a top-tier Australian bank, along with computable protection and numerous obligations of the audit. In addition, the trading environment is fully secured through encryption, as well as any transaction you perform, which actually essential for your security.

Leverage

Leverage in forex is a tool that allows traders to control a large amount of currency using borrowed capital from a broker. In the forex market, leverage enables traders to trade with a multiple of their account balances, thereby allowing them to take larger positions in the market and potentially generate larger returns.

• Australian traders have access to a maximum 1:30 leverage level for forex trading due to the recently imposed restrictions
• At BCR’s international entity, you’ll have the flexibility to choose leverage up to 1:400, which is considered high leverage.

Leverage tools may be a powerful feature, yet you should learn carefully how to use them smartly. There are many discussions about leverage and the majority of reputable authorities significantly lowered its ratios.

BCR Account types

BCR Account types differ based on the jurisdiction. Australian traders have a choice between two account types which are Advantage and Alpha. While Advantage offers commission-free trading with fees built into spreads, ALPHA offers raw spread trading with commissions of $5-$6.

International traders, on their hand, have greater account offers. Traders under the BVI entity can choose between 4 account types: Standard, Advantage, Alpha, and Swap-Free.

• The web-based account portal with account management options such as deposit or withdrawal requests, record maintenance, and a customer service messaging system. Also, once the trading account was funded you may even have a chance to win one of the prizes that the broker regularly awards through numerous promotions.

In the beginning, you may choose a Demo account that is a risk-free trading solution for the 30 days trial period. Further on, while it’s time to start live trading.

Instruments

BCR Fees

BCR fees are defined by the account types. This Alpha account offers tight spreads from o pips plus the commission paid per round ($4-$5). While for Standard and Advantage, there are no commissions charged, however, the spreads are higher for forex, since fees are built into them. Alongside that, traders following Islamic law can open a swap-free account as well.

You should also consider other non-trading fees such as inactivity fees, as well as rollover fees. For full fees and a comparison to other brokers see the table below.

• BCR Fees are ranked 7.8 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our finds of fees and pricing in the table below

Spreads

BCR spreads differ by the account type you trade with, as an example, you may refer to the table below for averaged spread offering, which is starting from 0 pips. Also, always consider rollover or overnight fee as a cost, which is charged on the opened positions overnight alike -2.5% for short and 2.25% for long positions.

• BCR Spreads are ranked low with an overall rating of 7.9 out of 10 based on our testing comparison to other brokers. Forex spreads offered by the broker for some account types are much lower than the industry average of 1.2 pips for EURUSD, while for others are higher, and spreads for other instruments are very attractive too

BCR Funding Methods

To fund the account and start live trading, you can choose between bank wire transfers, credit card payments, or union payment options. The withdrawal process is a quite simple one that can be done through the customer account request.

• BCR Funding Methods we ranked Excellent with an overall rating of 7.8 out of 10. The minimum deposit is higher and the industry average and fees are either none or very small also allowing one to benefit from various account-based currencies

Minimum deposit

As for the minimum deposit amount, BCR requires 300$ as a start for any account you choose and is an average amount allowing traders from beginners to professionals to engage with convenience.

BCR minimum deposit vs other brokers

	BCR	Most Other Brokers
Minimum Deposit	$300	$500

Withdrawal

BCR does not charge internally extra fees either for withdrawals or deposits, withdrawal options are wide and including by far most used Bank wire and Credit Cards. yet any international telegraphic transfer fees will be passed to the client or other charges of your provider are solely your responsibility.

Trading Platforms

BCR placed technology as an advance, hence developed its own trading platform that gained multiple awards for its functionality and is based on the MetaTrader4 software. The lower transaction costs bringing also an opportunity to explore more trading styles, while BCR traders are enabled to use any suitable strategy including EAs or scalping.

• BCR Platform is 7.9 out of 10 compared to over 500 other brokers. The broker offers MetaTrader4 which is an industry-standard, however, the lack of alternative platforms is a major drawback

The platform itself features powerful charting capabilities, numerous indicators, and tools that enhance the trading process.

• Overall, within BCR Review or Bacera Review, the broker’s platform Trader combines advanced features along with an intuitive interface and the ability to set up a platform either on the desktop or through mobile applications for tablets or mobiles.

The designed applications are suitable for any device either iOS or Android while bringing great functionality on the go and allowing full management and monitoring or executing trading positions through the account.

Customer Support

Together with that BCR provides great support, as understands the necessity of client satisfaction and only by established customers’ around-the-clock service it can resolve clients’ demands and issues. In addition, the educational materials are also at your BCR hub, and you will find numerous ranges according to the level.

Weekly market overviews and fundamental and technical analyses are established on a regular basis by the BCR’s team too, which all in all brings endless possibilities to learn and to be a better trader day by day.

• Customer Support in BCR is ranked 8 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared to other brokers, also quite easy to reach during the working days. However, the broker doesn’t support multilingual support

BCR Education

BCR Review Conclusion

The BCR Review concludes that the broker is a reliable company to cooperate with since their regulator is a world top-tier ASIC. Among BCR’s competitive offerings, we should admit a developed solution for CFD products trading on an OTC basis, the powerful proprietary platform that is based on MT4 technology, quite competitive spreads, and bonus programs, which are always a plus.

Based on our research, BCR is good for:

• Traders of all levels of expertise
• Algorithmic Trading
• Copy Trading
• Hedging and Scalping Trading
• Trading with MetaTrader4
• Currency Trading and CFD Trading
• Suitable for Multiple Strategies
• Free VPS
• EAs Trading