BCR

BCR Review: Is BCR Broker Good?

Broker overview and general information

Founded in 2008 and headquartered in Australia, BCR is a transparent, regulated CFD broker that offers a wide range of financial products and services, including Forex, Commodities, Stock Indices and Cryptocurrency.

Licensing and Regulation

If you ask whether BCR is good or not, you should start by considering the license and registration factors first, which are as follows:

• Australian Securities and Investments Commission (ASIC) License No. 328794 under Bacera CO Pty ltd.

• British Virgin Islands Financial Services Commission (BVI FSC) License No. SIBA/L/19/1122 under TRIDENT TRUST COMPANY (B.V.I.) LIMITED.

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 3107LLC2023 under BCR SV Co LLC.

Products and services

Trading products

BCR offers a wide range of trading products as follows:

• Forex: 40+ currency pairs, major, minor and rare pairs.

• CFDs on precious metals: Gold, Silver, Brent Crude Oil and WTI Crude Oil

• Commodity CFDs: Limited selection

• CFDs on stock indices: Major stock indices such as Nikkei, S&P 500, Nasdaq, DAX, FTSE 100 and more.

• Stock CFDs: Approximately 30 individual stocks listed on major stock exchanges in the US, Australia, Hong Kong and Japan.

• Cryptocurrency: Trade popular cryptocurrencies such as Bitcoin and Ethereum.

Trading Platform

BCR uses MetaTrader 4 (MT4) as its primary trading platform, which is available on both Windows and mobile devices.

BCR Review: Account Types

Standard Account

• Minimum deposit: $50

• Spread: 1.5+

• Commission: None

• Leverage: 1:1000

• Stop out: 50%

Alpha Account

• Minimum deposit: $50

• Spread: 0.0+

• Commission: $3.5

• Leverage: 1:1000

• Stop out: 50%

Swap-Free Account

• Minimum deposit: $50

• Spread: 1.5+

• Commission: $3.5

• Leverage: 1:1000

• Stop out: 50%

Deposits and Withdrawals

Deposit channels

• Bank transfer:Supports bank transfers both domestically and internationally.

• Credit/Debit Cards (Visa/Mastercard):You can use a credit or debit card to make a deposit.

• UnionPay:Supports UnionPay payments

• Skrill and Neteller:Supports deposits via popular e-Wallets

Withdrawal channels

• Bank transfer:You can withdraw money back to your registered bank account.

• Credit/Debit Card:Withdrawals will be returned to the card used to deposit.

• Skrill and Neteller:Also supports withdrawal via e-Wallets.

fee

• No deposit and withdrawal fees:BCR does not charge additional fees for deposits or withdrawals.

• Fees from financial institutions:However, your financial institution or payment service provider may charge transaction fees, for which BCR is not responsible.

Processing time

• Withdrawal request:Requests submitted before 2:00pm (Sydney Time) will be processed the same day, while requests submitted after this time will be processed the next business day.
  
  

Things to know

• AML/CTF Policy:To prevent money laundering, BCR does not allow deposits or withdrawals via third-party accounts. Deposits and withdrawals must be from an account under the same name as your BCR account.

• Refund to source:Withdrawals will be returned to the original source of deposit, i.e. the credit/debit card or e-Wallet used to deposit.

Customer Support and Services

BCR provides 24/7 customer service, 5 days a week, with multilingual support.

Contact channels

• General Information: [email protected]

• Marketing Department: [email protected]

• Compliance Department [email protected]

• Phone: +44 3300010590

Summary of BCR broker, is it good?

BCR is an Australian broker with extensive experience in the financial industry. Since 2008, it has been offering CFD trading on a variety of assets, including Forex, Metals, Indices, and Shares. It supports the popular MetaTrader 4 and WebTrader platforms, with a website and customer support that supports Thai language. However, BCR has limitations, such as a relatively high minimum deposit ($300), high spreads, limited trading assets, and low leverage compared to other brokers. It has also been reported that customer support responses are quite slow. Overall, BCR is suitable for investors looking for a reliable broker that supports Thai language, but these limitations should be considered before deciding to use it.

Frequently asked questions about BCR

1. Is BCR a legitimate broker?

   • Yes, BCR is a regulated broker by the Australian Securities & Investment Commission (ASIC) and the British Virgin Islands Financial Services Commission (BVI FSC), which are reputable regulatory bodies.
     
     

2. What trading platforms does BCR have?

   • BCR offers MetaTrader 4 (MT4) and WebTrader trading platforms, which are popular and easy-to-use platforms for traders.
     
     

3. What types of trading accounts does BCR offer?

   • BCR offers 3 types of trading accounts: Standard Account, Alpha Account and Free SWAP Account, which investors can choose according to their own needs and investment strategies.

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