- Is BCR safe or a scam?
- Trading Platform
- Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
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.
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.
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|
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.
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.
Is BCR safe or a scam?
The reliability is a primary term in any engagement into trading, thus while choosing a company it is important to check their registrations and regulations. 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.
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.
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.
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, 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.
The account feature defines choice between mainly 2 accounts either with standard tight spread or spreads from o pips plus the commission paid per round. Alongside that traders following Islamic law can open a swap-free account as well.
BCR spreads as mentioned presented 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 ACY Capital.
|Asset/ Pair||BCR Standard Spread|
|Crude Oil WTI||4|
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.
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 only 300$ as a start for any account you choose and is an average amount allowing traders from beginners to professionals to engage with convenience.
The broker does not charge internally extra fees either for withdrawals or deposits, yet any international telegraphic transfer fees will be passed to the client or other charges of your provider are solely your responsibility.
The BCR Review concludes that the broker is a reliable company to cooperate with since its regulator is a world-leading ASIC that demands full compliance with the laws and sharply restricts its licensers.
Through the history of the operation, BCR also showed transparent and honest professionalism in terms of operation and client management. Their support teams and skillful staff remains on hand for every question while constantly working on the development and making offering even better.
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.
Nevertheless, we would be glad to know your personal opinion about BCR, so share your experience in the comment area below, or ask us for some additional information.
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