With a combined CFD trading experience that spans over 20 years, BCR is an online trading broker that operates from Australia and the British Virgin Islands. They offer access to trade multiple financial markets across different asset classes, including forex, precious metals, energy, equity indices, stocks, commodities, and cryptocurrencies. The broker provides traders with the MT4 trading platform, which is available in desktop, web, and mobile versions. Their clients benefit from competitive trading conditions, such as leverage of up to 1:200, spreads from 0.0 pips, and free demo accounts. The minimum deposit required to start trading is $300.
BCR Review Introduction
In this BCR review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including BCR.
BCR Platforms & Tools
At BCR, all trading activities are conducted through the MT4 platform, an advanced trading platform that is replete with various trading tools to help users get the most out of their trades. The platform was introduced in 2005 by MetaQuotes and has continued to evolve, gaining massive acceptance among forex and CFD traders. It features over fifty customizable technical indicators, three different chart types, expert advisors, and more. The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS devices.
Traders are provided with some standalone trading tools to make up for those that are lacking on the provided trading platform. These standalone trading tools include technical indicators, AutoChartist, an economic calendar, and more.
BCR Research & Education
To ensure that traders make informed trading decisions, the broker provides them with a good selection of learning resources, such as an FAQ section, trading e-books, video tutorials, market recap/outlooks, webinars, seminars, glossaries, and market news that keeps traders up-to-date with the latest happenings in the financial markets.
BCR Trading Accounts
The broker allows traders to open a single live trading account with a required minimum deposit of $300. There is a demo account that is available for practice purposes.
BCR Account Funding
All deposit and withdrawal requests at BCR are processed using bank transfers and credit/debit cards.
BCR Customer Service
The broker provides traders with a responsive client support team to assist them with any assistance they may need. The support team is available 24/5 and can be contacted via telephone, email, and Live Chat powered by Zendesk.
Bacera Co Pty Ltd (BCR Australia) is authorized and regulated by the Australian Securities and Investments Commission (registration no. 328794).
BCR Co Pty Ltd (BCR Global) is authorized and regulated by the British Virgin Island Financial Services Commission (certificate no. SIBA/L/19/1122).
BCR Review Summary
Overall, BCR is a CFD provider that was launched in 2008. The online retail broker provides traders with the MT4 trading platform for trading various financial instruments across different asset classes. In addition, their clients are offered helpful trading tools, educational resources, and a knowledgeable client support team. The minimum deposit required to operate an account is $300, while leverage of up to 1:200 is available.
It is worth mentioning that some of the trading products and services in this BCR review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the BCR broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.