BCR
Published: Updated:
- Trust score
- 3/10
- Legal simplicity
- 4/10
- Min. deposit
- 300
- Trading platforms
- Payment systems
- Instruments
- Forex, Metals, Indices, Commodities, Energies, Stocks
- Legal entity
- BCR Co Pty Ltd
- Jurisdiction
- Australia
- Fees
- Standard accounts price the cost into the spread; Prime accounts quote raw spreads with a per-lot commission. Overnight swaps apply, and swap-free accounts are available on request.
- Withdrawals
- Withdrawals return to the funding method and are normally processed within one business day.
- Available in
Features
- Seminars and training
- Islamic accounts
- Deposit bonuses
- Segregated client accounts
- Scalping allowed
- Affiliate program
- Wide selection of trading instruments
Pros
- No specific advantages are documented for this broker.
Cons
- No specific drawbacks are documented for this broker.
BCR is a forex and CFD broker founded in 2008, headquartered in Australia with an offshore division in the British Virgin Islands. Its Australian entity, BCR AU, is regulated by ASIC; its offshore entity, BCR BVI, operates under the British Virgin Islands Financial Services Commission (BVIFSC). Traders choose between the two regulatory frameworks depending on which entity they open an account with.
BCR offers Islamic accounts, segregated client funds, scalping, seminars, and an affiliate program across a wide range of trading instruments.
BCR is a forex and CFD broker founded in 2008, based in Australia with an offshore division in the British Virgin Islands. The Australian entity operates under ASIC oversight, while the offshore arm is regulated by the British Virgin Islands Financial Services Commission (BVIFSC).
Regulation
- BCR AU: regulated by the Australian Securities and Investments Commission (ASIC), which enforces client fund protection and transparency requirements.
- BCR BVI: regulated by the BVIFSC, an offshore regulator that allows more flexible trading conditions but applies lighter oversight than ASIC.
Trading conditions
- Leverage: up to 1:400 through the BVI entity; capped at 1:30 for clients of the ASIC-regulated AU entity.
- Instruments and platform: currency pairs and CFDs on stocks, indices, and commodities, traded on MetaTrader 4.
Account types
- Standard account: commission-free, with the broker's markup built into the spread.
- Alpha account: raw spreads from 0 pips plus a separate commission.
- A demo account with virtual funds is available for practicing before trading live.
Fees
- Alpha account spreads start from 0 pips but carry a commission on top.
- Stock CFD trades carry a flat $20 commission per lot in addition to the spread.
Trading conditions
BCR operates an ASIC-regulated Australian entity alongside a British Virgin Islands company, offering Standard and Prime accounts on MetaTrader 4.
The Australian entity applies ASIC rules: 30:1 retail leverage on major currency pairs, negative balance protection, and client money held under ASIC client money rules. The BVI entity is supervised — genuinely, unlike a Saint Vincent registration — but sets no leverage cap and provides no compensation scheme.
Hedging, scalping and Expert Advisors are permitted.
Verification
Verification requires photo ID and proof of address, with an appropriateness assessment where the account sits under the ASIC entity. Documents are usually reviewed within one business day.
Confirm which company your client agreement names. Both entities are supervised, but only the Australian one caps leverage and applies client money rules.
