- BCR Pros and Cons
- Is BCR safe or a scam?
- Trading Fees
- Deposits and Withdrawals
- Trading Platform
What is BCR?
BCR or Bacera is an incorporated Australian brokerage services company that was founded in 2009 as a CFD trading provider, with an idea 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, strategy development through real-time without dealer intervention.
BCR Pros and Cons
BCR is among respected Australia regulated brokers with easy account opening and good trading conditions for CFD trading with good trading platforms and quality analysis, market overviews and support service.
On the flip side trading instruments are limited to CFDs and education materials are not very deep for beginning traders.
10 Points Summary
|🖥 Platforms||BCR Trader, BCR Apps|
|📉 Instruments||CFD products Shares, Indices, Commodities, Oil, FX, Precious Metals, Cryptocurrencies|
|💰 EUR/USD Spread||1.6 pips|
|🎮 Demo Account||Provided|
|💳 Minimum deposit||300$|
|💰 Base currencies||AUD, USD|
|📚 Education||Weekly market overviews, fundamental and technical analysis|
|☎ Customer Support||24/5|
Is BCR safe or a scam
No, BCR is not a scam it is registrated and regulated company with top-tier license and low risk CFDs trading.
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.
Therefore and due to its regulations, BCR considered a safe trading broker which also providing 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.
At BCR, you’ll have the flexibility to choose leverage from 1:20 to 1:400, which is considered high leverage. Leverage tool may be a powerful feature, yet you should learn carefully how to use it smartly. There are many discussions about leverage and the majority of reputable authorities significantly lowered its ratios.
Nevertheless, Australian ASIC still allows high leverages for retails traders, which brings you the opportunity to magnify potential gains and is definitely a plus.
A wide range of CFD products includes Shares, Indices, Commodities, Oil, FX, Precious Metals, Cryptocurrencies and more. The trading process itself provided through the over-the-counter model, while execution is rapid fast and counts in milliseconds.
BCR offers three account types that suit different needs, while BCR Account provides access to MyBCR, the web-based account portal with account management options such as deposit or withdrawal requests, record maintenance, and customer service messaging system. Also, once the trading account was funded you may even have a chance to win one of the prizes that broker regularly awards through numerous promotions.
At 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,
BCR account feature defines choice between mainly 2 account pricings, either with standard tight spread or spreads from o pips plus the commission paid per round. Alongside with that traders following Islamic law can open a swap-free account as well. Full fees and comparison to other brokers see the table below.
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. As well you may compare fees to another popular broker BDSwiss.
Asset BCR Spread GMI Spread Pepperstone Fees EUR USD Spread 1.6 pips 1 pips 0.2 pips Crude Oil WTI Spread 4 5 8 Gold Spread 45 626 pips 1.4
|Asset||BCR Spread||GMI Spread||Pepperstone Fees|
|EUR USD Spread||1.6 pips||1 pips||0.2 pips|
|Crude Oil WTI Spread||4||5||8|
|Gold Spread||45||626 pips||1.4|
What Deposits and Withdrawals Bacera uses?
To fund the account and start live trading, you can choose between bank wire transfers, credit card payments or union pay options. The withdrawal process is a quite simple one that can be done through the customer account request.
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|
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.
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 enabled them to use any suitable strategy including EAs or scalping.
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 platform either to 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 allows full management and monitor or execute trading positions through the account.
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 client’s demands and issues. In addition, the educational materials are also at your BCR hub, while you will find numerous ranges according to the level.
Weekly market overviews, fundamental and technical analysis are established on a regular basis by the BCR’s team too, which all in all bringing endless possibilities to learn and to be better trader day by day.
The BCR Review concludes that the broker is a reliable company to cooperate with since their regulator is a world toptier ASIC. Among the BCR’s competitive offering we should admit a developed solution for CFD products trading on OTC basis, the powerful proprietary platform that is based on MT4 technology, quite competitive spreads and bonus programs, that are always a plus.
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