BCR is an established CFD provider with over 20 years of commitment to the Contracts-for-Difference (CFD) industry. They provide trading on a wide range of products — forex, precious metals, energy, equity indices, stocks, commodities, and cryptocurrencies — without owning the underlying assets. Investors do not have to access multiple trading platforms to trade different markets. Trades are carried out using the popular MetaTrader 4 (MT4) trading platform, and the brokers minimum deposit is $300.
BCR Review, Pros & Cons
- MetaTrader 4 trading platform
- Selection of trading tools
- Some educational resources
- 24/5 live client support
- Minimum $300 deposit
- Limited account funding methods
- Limited trading account options
- No USA traders
In this detailed BCR review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
BCR is an online trading provider with offices in Australia and the British Virgin Islands. They strive to provide clients with transparent and reliable trade execution whilst ensuring optimal security of clients’ funds. Clients get to access top-tier liquidity, advanced trade execution with no dealing desk intervention, leverage of up to 1:200, spreads from 0.0 pips, and free demo accounts, amongst other competitive trading conditions.
Bacera Co Pty Ltd (BCR Australia) is authorised and regulated by the Australian Securities and Investments Commission (registration no. 328794).
BCR Co Pty Ltd (BCR Global) is authorised and regulated by the British Virgin Island Financial Services Commission (certificate no. SIBA/L/19/1122).
BCR offers its trading services to clients from different parts of the globe where the use of such services would not be contrary to local laws or regulations.
Some BCR features and products mentioned within this BCR review may not be available to traders from certain countries because of legal restrictions.
The broker allows customers to trade the offered financial instruments on the MetaTrader 4 (MT4) platform. It is one of the most popular trading platforms, and it is utilised by hundreds of trading brokerage companies and banks worldwide for their core trading services and operations. Thus, it serves millions of traders and investors globally. The platform allows you to use automated programs called expert advisors (EAs), which monitor the markets and trade on your behalf; you can build your program or use existing EAs. The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers, WebTrader, and a mobile trading app that is designed for mobile devices running on Android and iOS.
BCR Trading Tools
Traders are provided with some useful trading tools, such as Economic Calendar, AutoChartist, Technical Indicators, and more.
BCR provides traders with a wide collection of educational resources that are aimed at improving their skills and knowledge. These include market news, trading e-books, video tutorials, market recap/outlooks, webinars, seminars, glossaries, and an FAQ section that answers some of the most common questions that traders may have.
The following trading instruments are available at BCR: forex, precious metals, energy, equity indices, stocks, commodities, and cryptocurrencies.
BCR Accounts & Fees
The broker allows traders to open a single live trading account with a required minimum deposit of $300. There is also a demo account that is available for practice purposes. The demo account enables you to practice your trading strategies and familiarise yourself with the brokers trading platform, products and services.
As broker fees can vary and change, there may be additional fees that are not listed in this BCR review. It is imperative to ensure that you check and understand all of the latest information before you open a BCR broker account for online trading.
The broker has a customer support team that is available 24/5 and can be reached through telephone, email, and Live Chat powered by Zendesk.
BCR Deposit & Withdrawal
Traders are allowed to deposit and withdraw funds, to and from their trading accounts, using credit/debit cards, and bank wire transfers.
BCR Account Opening
Potential traders who would want to open a broker account to start trading online with the broker should click on the ‘Open Account’ tab on the broker’s website and fill out the form properly.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Putting it all together, BCR is a CFD provider with several years of experience — having been in operation since 2008. They allow traders to buy and sell several financial assets using the MT4 trading platform. The broker also provides traders with educational resources, trading tools, and a 24/5 customer support team to assist them. The minimum deposit required to operate an account is $300, while leverage of up to 1:200 is available.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.