BCR Co PTY Ltd Review: Exploring Leading Broker Characteristics
In the following article, we will explore the world of BCR Co PTY Ltd, also known as Bacera. This is an Australian-based brokerage services company. Founded in 2008, BCR provides CFD trading services. It offers trading in forex, shares, metals, commodities, and indices. As part of our BCR Co PTY Ltd review, we will analyze everything they have to offer. This will give you an insightful overview of what this broker has for traders.
BCR Co PTY LTD Licence and Background
A well-regulated framework governs Doo Prime’s BCR operations. They are authorized and regulated by respected financial authorities. Those authorities are as follows:
- Australian Securities and Investments Commission (ASIC) and
- The Financial Services Commission (FSC) in the Virgin Islands.
This regulatory oversight ensures BCR complies with industry standards and best practices. With ASIC and FSC overseeing its operations, BCR maintains ethical practices.
Note: Stay away from Finotive Funding – it’s a shady broker to steer clear of.
|Name:||BACERA CO PTY LTD|
|Regulation status:||Regulated by ASIC, BVIFSC|
|Warnings from Financial Regulators:||No official warnings|
|Active since||2020 (2006 for domain age)|
|Registered in:||Australia, British Virgin Islands|
|Contact info:||[email protected], [email protected], +44 3300010590|
|Trading platforms:||MT4, BCR Trader, and BCR Apps|
|The majority of clients are from:||Australia
|Customer support:||Yes (24/5 live chat), email, and phone|
Trading Assets Available at BCR
With BCR, clients can trade currency pairs, indices, commodities, metals, energies, and stocks. Unfortunately, crypto assets are currently unavailable. A UI-friendly table displays spreads, commissions, pip values, and contract sizes, facilitating customer inquiries and comparisons.
Let’s look at some examples of available trading assets:
- BCR Co PTY Forex (Currency) Pairs: EUR/USD, GBP/JPY, USD/CAD
- BCR Co Indices: S&P 500, NASDAQ 100, FTSE 100
- BCR Co PTY Commodities: Gold, Silver, Crude Oil
- BCR Co PTY Metals: Platinum, Palladium, Copper
- BCR Co PTY Energy: Brent Crude, Gas, Heating Oil
- BCR Co PTY Stocks: Apple Inc., Microsoft Corporation, Amazon.com Inc.
Note: Before continuing, it is of utmost importance to state that Finorax is a fraudulent brokerage firm. Keep this in mind.
Trading Platforms: BCR Co PTY MT4 and More
BCR provides a MetaTrader 4 platform and a contemporary web trader. BCR places a strong emphasis on technology and has developed its own trading platform. This platform has earned many awards for its functionality. It offers lower transaction costs, allowing traders to explore various trading styles. Webtrader also supports Expert Advisors (EAs) and scalping. It gives traders the flexibility to implement many different strategies.
BCR Co PTY MT4 platform is highly regarded in the trading industry. It is utilized by over 300 brokerage companies and banks around the globe. It offers access to popular instruments such as forex, metals, commodities, and indices. With MT4, traders can use automated programs called Expert Advisors (EAs) to track and trade on their behalf. They can do it either by building their programs or using existing EAs.
BCR’s General Trading Environment
BCR includes various unique account types to suit traders’ diverse needs:
- Standard Account. Designed for beginners and traders preferring a simple experience with basic features and options.
- Advantage Account. Ideal for those seeking extra benefits such as lower spreads, faster execution speeds, and enhanced customer support.
- Alpha Account. Catering to experienced traders, it provides advanced trading tools, personalized services, and support.
Regardless of the account type, the minimum deposit required to start trading with BCR is $300.
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BCR provides traders with flexible leverage options. Professional traders can take advantage of leverage of up to 1:400.
Retail traders have a maximum leverage of 1:30, a more conservative option designed to protect them from excessive risk exposure. Leverage allows traders to control larger positions with less capital. Yet, it also magnifies losses, emphasizing risk management and market knowledge.
BCR offers a credit bonus promotion. It provides traders who deposit $2,000 or more with a 10% credit bonus. Yet, specific terms and conditions apply, including a 60-day time limit and turnover requirements.
Users must trade a certain number of lots to withdraw the credit bonus. While trading profits are eligible for immediate withdrawal, certain factors like fees, swap charges, commissions, or rebates owed to BCR or parties may not be included in the amount. Traders should carefully review the promotion’s terms before participating.
BCR provides educational resources to help traders expand their knowledge and skills. These resources may include:
- educational articles
- video tutorials
- trading guides
- economic calendars
- market news updates
These orders are essential risk management tools that limit potential losses on trades. This broker includes a stop-loss option.
When placing a stop-loss order, traders specify a price level at which their positions will be closed if the market moves against them. This prevents further losses beyond a predetermined threshold.
Unraveling Payout Processes
When it comes to payout methods with BCR Co PTY Ltd, there seems to be some ambiguity. However, worry not, as we have gathered information to expose the matter. BCR accepts various payment methods, including wire transfers, MasterCard, VISA, Maestro, and popular e-wallet processors like Skrill, Neteller, and PayPal. These options are commonly handled by most Forex brokers, ensuring convenience for traders.
One crucial aspect traders consider while choosing a broker is the speed of withdrawals. Fortunately, BCR understands this importance and strives to provide efficient withdrawal processes. This significantly contributes to building a broker’s reputation.
BCR offers customer support through many channels, including phone, email, and online chat. This multi-channel approach ensures traders have various options to contact for help or inquiries. Phone support allows direct communication, providing real-time assistance.
Moreover, email support enables traders to articulate detailed queries. Ultimately, online chat support facilitates instant messaging and real-time responses.
For traders who wish to contact BCR’s customer support, here are the essential details:
- Languages: English, Chinese, Vietnamese
- Service Hours: Available 24/5
- Email: [email protected]
- Phone Number: +44 3300010590
- Address: BCR Co PTY Ltd, Trident Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands
Trader Reviews on BCR Co PTY LTD
The BCR Co trading Trust Score does not exist. So, we don’t know if we can have a strong level of trust in the broker. The score should exist and represent regulatory compliance, support, and client protection.
Despite this, BCR has established a secure trading environment for clients, ensuring the safety of their funds. However, it’s important to note that BCR has an offshore entity for international operations. This may come with some associated risks and challenges.
Long Story Short – BCR Co PTY Ltd
What do we know so far? BCR Co PTY Ltd, also known as Bacera, is a well-regulated and legitimate brokerage firm. They offer a diverse range of trading assets through advanced trading platforms. The firm also provides various account types and flexible leverage options.
People can enjoy competitive spreads, educational resources, and a credit bonus promotion. Customer support is available through many channels, ensuring efficient help. While BCR may have some limitations, it provides a reliable trading environment for traders.
Schedule a free consultation with us today to discuss the most suitable brokers for your needs!
What Is BCR Co PTY Ltd?
BCR or Bacera is an Australian brokerage company established in 2008.
What Are The BCR Co Platforms?
BCR Co offers two trading platforms, MT4 and Webtrader.
Can I withdraw my funds from BCR?
Yes, you can withdraw your funds from cfds.theBCR.com. The platform allows users to initiate withdrawals.