General Information & Regulation
Founded in 2008, headquartered in Australia, BCR is an online broker offering Contracts for Difference (CFDs) on 6 asset classes: forex, metals, commodities, indices, cryptocurrencies, and shares. BCR is a trading name of the Bacera Co that is licensed and regulated by the Australian authorization ASIC, with registration number 328794. BCR Co Pty Ltd (BCR Global) is authorised and regulated by British Virgin Island Financial Services Commission (certificate no. SIBA/L/19/1122).
Market Instruments
BCR company provides six types of CFD trading, Forex, Precious Metals, Commodities, Indices, Cryptocurrencies, and stocks, providing customers with a high level of liquidity and a trading system without traders. The business model is STP straight-through.
Minimum Deposit of BCR
When it comes to the minimum deposits required by BCR, this broker gives its traders a choices of three accounts, the Alpha account, the Platinum account, and the Standard account. The minimum deposit for opening an standard and swap-free account is $300, while the Alpha account requires a minimum of $500. Compared with BCR, the standard accuounts by most brokers only needs a minimum initial deposit of $100 to $200.
Leverage of BCR
BCR sets the level of leverage from 1:20 to 1:400, and users can choose flexibly in light of their own needs. and the maximum leverage is 400:1. The spreads of Alpha account are as low as 0.0 pips, main spread of Platinum account starting from 1.1 pips, and main spread of Standard account as low as 1.7 pips.
Spreads & Commissions of BCR
BCR features the floating spreads. The lowest floating spread of major currencies is 1.6, the lowest floating spread of precious metal products is 40, the lowest floating spread of commodities is 10, the lowest spread of index products is 5, and the lowest floating spread of cryptocurrencies is 500. The lowest floating spread for stocks is 10. There is a commission charged on CFD trades on the USD/CNH instrument and Share CDF trades. This fee is a flat fee per lot that has been determined at this companys direction, US$50/AU$50 per lot for USD/CNH trades and $20 USD/AUD per lot for Share trades. Besides, a three-day swap applied on wendesday.
Trading Platform
BCR offers its trader the famous and widely used MT4 trading platform, with its interface intutive and easy to use. Traders can get help from more than 200 custom indicators and EAs. It supports more than 22 languages, highly configurable and highly customizable, available for desktop and portable devices.
Deposit & Withdrawal
BCR accept traders to fund their accounts via bank wire transfer, Skrill, UnionPay, Visa/MasterCard credit card, Neteller. BCR doesn't charge any internally extra fees, yet any international telegraphic transfer fees will be passed to the client or other charges of their provider are solely their responsibility.
