BCR Broker Overview
Founded in 2008, BCR (operated by BACERA CO PTY LTD) is an Australian-based brokerage regulated by the Australian Securities and Investments Commission (ASIC). The broker provides leveraged CFD trading on multiple asset classes such as forex, stocks, metals, commodities, and indices. Clients can trade through MetaTrader 4 (MT4), MetaTrader 5 (MT5), and MAM accounts.
BCR offers different account types suitable for beginners and experienced traders, including demo accounts for practice. Deposits and withdrawals are free of broker-side fees. However, the broker does not currently provide Islamic (swap-free) accounts or support cryptocurrency trading.
Pros and Cons
Advantages
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ASIC-regulated broker
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Access to 300+ instruments across forex & CFDs
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Multiple account options
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MT4 & MT5 support
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Live chat assistance
Disadvantages
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No swap-free (Islamic) account options
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Relatively high minimum deposit ($300)
Is BCR Trustworthy?
Yes. BCR is a legitimate broker under BACERA CO PTY LTD, authorized and supervised by ASIC with license number 000328794, active since December 19, 2008. It operates as a Market Maker (MM).
Trading Products
BCR provides access to more than 300 tradable instruments, including:
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40+ forex pairs (majors, minors, exotics)
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Share CFDs
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Commodities CFDs
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Index CFDs
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Metals CFDs
Cryptocurrencies, bonds, options, and ETFs are not supported.
Fees
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Trading Costs: Tight spreads, Alpha accounts include commission ($3/lot per side).
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Non-Trading Costs: No fees for deposits/withdrawals. Inactivity fees are not specified.
Platforms
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MetaTrader 4 (MT4): Popular with beginners.
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MetaTrader 5 (MT5): More advanced features, suitable for experienced traders.
Both available on Windows, macOS, Web, iOS, and Android.
Deposits & Withdrawals
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Minimum Deposit: $300
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Methods Supported: Bank Transfer, Visa, MasterCard, UnionPay, Skrill, Neteller, Fasapay, Help2Pay, BPay, POLi, Direct Debit, and USDT.
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Processing: Deposits generally instant to 1–2 days; withdrawals same-day (if before cutoff) or within a few business days.
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Fees: No broker-side fees (but banks/intermediaries may charge).
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