BCR Forex Broker

BCR Review SummaryFounded2008Registered Country/RegionAustraliaRegulationASICMarket InstrumentsForex, Share CFDs, Metal CFDs, Commodity CFDs, Index CFDsDemo Account✅LeverageUp to 1:400SpreadFrom 1.7 pips (Standard account)Trading PlatformMetaTrader 4, MetaTrader 5Minimum Deposit$300Customer SupportLive chatPhone: +1 284 346 2897Email: info@thebcr.comBCR Information BCR, formed in 2008 and registered by ASIC in Australia, provides leveraged CFD trading on forex, equities, metals, commodities, and indices via popular platforms such as MT4, MT5, and MAM. It offers a variety of account types for both novices and advanced traders, including demo accounts, and no deposit or withdrawal fees. However, it currently makes no mention of offering Islamic (swap-free) accounts or cryptocurrency trading.Pros and ConsProsConsRegulated by ASICNo swap-free (Islamic) accounts mentionedAccess to 300+ instruments including forex & CFDsHigh minimum deposit of $300Multiple account typesMT4 and MT5 platformsLive chat supportIs BCR Legit? Yes, BCR is a regulated broker that works for BACERA CO PTY LTD, which is a licensed business. The Australia Securities & Investment Commission (ASIC) keeps an eye on it. It holds a Market Maker (MM) license with license number 000328794, effective since December 19, 2008.What Can I Trade on BCR? BCR gives you access to more than 300 financial products, including as 40+ forex currency pairs, global share CFDs, metals, commodities, and index CFDs. It gives both new and seasoned traders a flexible, leveraged trading environment across several asset types. Tradable InstrumentsSupportedForex✔Share CFDs✔Metal CFDs✔Commodity CFDs✔Index CFDs✔Cryptocurrencies✘Bonds✘Options✘ETFs✘Account Type BCR has four categories of live accounts: Standard, Elite, Alpha, and Affiliate. All of these accounts use the MetaTrader platform. There are demo accounts, however, there is no mention of Islamic (swap-free) accounts.Account TypeMinimum DepositMaximum LeverageSpread Commission Suitable forStandard$300400:1From 1.7 pips0Beginners, general tradersEliteFrom 1.2 pips0Active traders wanting lower spreadsAlphaFrom 0.0 pips$3 per lot per sideSerious/professional tradersAffiliate$3,000From 1.7 pips0Partners, affiliate tradersLeverage BCR gives traders up to 400:1 leverage, which lets them control big bets with a modest deposit. High leverage can make profits bigger, but it can also make losses bigger.BCR Fees BCR's prices are affordable and in line with what other companies charge. They have tight spreads, fair commissions (on Alpha accounts), and no hidden fees for deposits or withdrawals.Account TypeSpreads fromCommission Standard1.7 pips0Elite1.2 pips0Alpha0.0 pips$3 USD per lot per sideAffiliate1.7 pips0 Non-Trading FeesNon-Trading FeesAmountDeposit Fee0Withdrawal Fee0Inactivity FeeNot mentionedTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMetaTrader 4✔Windows, macOS, Web, iOS, AndroidBeginnersMetaTrader 5✔Windows, macOS, Web, iOS, AndroidExperienced tradersDeposit and Withdrawal BCR does not charge any extra fees for deposits or withdrawals (though intermediary or international bank fees may apply). The minimum deposit at BCR is 300 USD.Payment MethodMinimum DepositFeesDeposit Processing TimeWithdrawal Processing TimeBank Transfer300 USD01–2 daysSame-day (if before cutoff)UnionPay~30 minMasterCardInstantDirect DebitVisaFasapayHelp2PayBPaySkrillNetellerPOLiUSDT