Company Profile
Company Profile
Review summary
| BCR Review Summary | |
| Founded | 2008 |
| Registered Country/Region | Australia |
| Regulation | ASIC |
| Market Instruments | Forex, Share CFDs, Metal CFDs, Commodity CFDs, Index CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 1.7 pips (Standard account) |
| Trading Platform | MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $300 |
| Customer Support | Live chat |
| Phone: +1 284 346 2897 | |
| Email: info@thebcr.com | |
BCR 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 Cons
| Pros | Cons |
| Regulated by ASIC | No swap-free (Islamic) accounts mentioned |
| Access to 300+ instruments including forex & CFDs | High minimum deposit of $300 |
| Multiple account types | |
| MT4 and MT5 platforms | |
| Live chat support |
Is 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 Instruments | Supported |
| Forex | ✔ |
| 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 Type | Minimum Deposit | Maximum Leverage | Spread | Commission | Suitable for |
| Standard | $300 | 400:1 | From 1.7 pips | 0 | Beginners, general traders |
| Elite | From 1.2 pips | 0 | Active traders wanting lower spreads | ||
| Alpha | From 0.0 pips | $3 per lot per side | Serious/professional traders | ||
| Affiliate | $3,000 | From 1.7 pips | 0 | Partners, affiliate traders |
Leverage
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 Type | Spreads from | Commission |
| Standard | 1.7 pips | 0 |
| Elite | 1.2 pips | 0 |
| Alpha | 0.0 pips | $3 USD per lot per side |
| Affiliate | 1.7 pips | 0 |
Non-Trading Fees
| Non-Trading Fees | Amount |
| Deposit Fee | 0 |
| Withdrawal Fee | 0 |
| Inactivity Fee | Not mentioned |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Windows, macOS, Web, iOS, Android | Beginners |
| MetaTrader 5 | ✔ | Windows, macOS, Web, iOS, Android | Experienced traders |
Deposit 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 Method | Minimum Deposit | Fees | Deposit Processing Time | Withdrawal Processing Time |
| Bank Transfer | 300 USD | 0 | 1–2 days | Same-day (if before cutoff) |
| UnionPay | ~30 min | |||
| MasterCard | Instant | |||
| Direct Debit | ||||
| Visa | ||||
| Fasapay | ||||
| Help2Pay | ||||
| BPay | ||||
| Skrill | ||||
| Neteller | ||||
| POLi | ||||
| USDT |
2025 SkyLine Malaysia 
FX1618013620
Germany
It's been two weeks without any payouts, just stuck in review. They keep stalling—from December 17th all the way to now.
Exposure
不存在
Philippines
It is simply a fraud. My friend deposited $300 on it. But his account was banned after he profited $3400.
Exposure
shaB
Malaysia
A super trash platform. A big brand ASIC, a 14 years experienced security company cannot withdraw 40 dollars. And ask us to deposit 100k to withdraw. Fraud platform. It is the person. Everyone takes a look.
Exposure
taufan2056
Indonesia
I am trading under the guidance of analyst Alvin Yap from the USA. From December 5th to 23rd, I joined the EFH-1004 BTC EXCLUSIVE INVESTMENT TIPS trading group on WhatsApp with admin Jessica Chan. The company's address is in Singapore: https://equitiesfirst.com After trading for 7 days, this morning on December 24th, last night, and also a few days ago, I made 3 withdrawals: 1. The first withdrawal on December 19th, 2024, amounted to USD 124. 2. The second withdrawal on December 23rd, 2024, amounted to USD 1010. 3. The third withdrawal on December 24th, 2024, amounted to USD 612.45. 4. The fourth withdrawal on December 24th, 2024, amounted to USD 511. Total withdrawal is USD 2,257.45. The withdrawals are currently pending review and I have not received any email response. I contacted admin Jessica and was asked to transfer a commission from Indodax. After transferring a commission of 7 million, I still cannot make a withdrawal. I contacted Jessica again and she said I have to pay crypto taxes. From this scenario, it is clear that they are scammers. Until now, the funds in my BCR account cannot be withdrawn.
Exposure
FX1497908099
United States
The platform is intuitive and the spreads are competitive. While I appreciate their security efforts, I hope they can smooth out the occasional system glitches soon...
Neutral
Arjun Kapoor
India
This is the first platform I've used to learn forex trading, and I love BCR's demo account. It's great for beginners to learn quickly. However, the drawback is that it expires after only one month. It would be better if it lasted a bit longer.
Neutral
James Wilson
United Kingdom
I prefer BCR as my first choice online trading platform for CFDs. Although their safety measures are reassuring, I have encountered some instability lately due to system upgrades. I am hopeful that they will promptly address these issues.
Neutral
Jonathan Batista
Colombia
Users need more tranding products for more trade.
Neutral
Hongzha46505298
Australia
The platform investment advisor induced me to invest money and claim to make money, but it was actually a scam. I lost 30000 Australian dollars through his trading in two days, and now I need to expose my claim.
Exposure
FX2304651298
Australia
I hope investors will not trade with this platform. Even the withdrawal is processed by unregulated bank.
Exposure
Hongzha46505298
Australia
Two weeks ago, an investment consultant on this platform induced a deposit of 30,000 Australian dollars to trade gold. He said that he would help me make money, but when he made money when investing, he didn’t make money. He always made orders that lost a lot of money. In 2 days, under his tape and custody, I lost 30,000 yuan, completely. just to scam money
Exposure
Hongzha46505298
Australia
I asked an analyst who claimed to be a bcr platform to invest on the platform, but he turned out to be a complete liar. When the price of gold was only more than 20 points a day, he lost all the 30,000 Australian dollars I deposited in 3 days. It is a lie, and I am going to go to Australia to supervise and complain.
Exposure
Hongzha46505298
Australia
My account of 30,000 made the platform investment consultant analyst lose $27,500 in 2 days, leaving only $2,574. Now the account is locked and can no longer log in, I feel cheated
Exposure
Hongzha46505298
Australia
I was scammed by an investment consultant on this platform to trick me into trading foreign exchange transactions on the platform, saying that it could help me make money by investing. As a result, I lost 30,000 of my deposit within 2 days of depositing on the platform, which is simply an induction of fraud. Don't invest in them on this platform
Exposure
FX2304651298
Australia
The team leader of the company is crazy. Delete my agent account after conflict. Now, I cannot log in. Luckily, there is not much money
Exposure
frank18881
Thailand
No commissions charged, accompanied by relatively high spreads, with the minimum spread on the eurusd pair from 1.6 pips. Besides, swap rate is also charged. Total trading fees are not low.
Neutral
五福
Hong Kong
For me, this platform is not very advantageous, the minimum deposit is high, and it is not very user-friendly. Trading products are not very rich, I like to combine different products. The most important point is that no demo account is offered, so forget it.
Neutral
shaB
Malaysia
This fraud platform has a great appearance, but the points inside and the money you get are all fake, and you can’t get it. There is also a customer loss order that makes the customer lose money. In the end, if you don’t make a deposit, you will be threatened. Be careful of this person.
Exposure