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BCR Review
BCR is an Australian CFD broker run by Bacera Co Pty Ltd. It holds a real ASIC license, but some clients report slow withdrawals on larger amounts.
Min Deposit
$300
Spreads From
From 1.7 pips on the Standard account, based on independent broker reviews
Max Leverage
1:30 for retail clients on major pairs, under ASIC rules
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Real Australian Securities and Investments Commission license, AFSL 328794
- Long operating history, with roots the group traces back to 1998 in the UK
- Offers a wide range of CFDs, including forex, shares, metals, and indices
- ASIC rules cap retail leverage and require segregated client funds
Cons
- Some client reviews describe slow withdrawals on larger amounts
- Standard account spreads start from 1.7 pips, higher than many ECN rivals
- Runs separate BVI and St Vincent companies with much lighter oversight
- Fee and leverage details for higher tier accounts are not fully public
Bacera Co Pty Ltd trades under the name BCR from Sydney, Australia. The company says its roots go back to 1998 in the UK, and it has held an Australian Securities and Investments Commission license since 2008, number 328794.
BCR offers CFDs on forex, shares, metals, commodities, and indices. Its Australian entity is limited to 1:30 leverage on major pairs for retail clients, in line with ASIC rules, and spreads on the Standard account start from 1.7 pips.
The group also runs separate companies in the British Virgin Islands and St Vincent and the Grenadines for clients outside Australia, with lighter oversight than the ASIC licensed entity. Some online reviews describe slow withdrawals on larger amounts, so new clients should test the process with a small sum first.
Min. Deposit
USD 300
Max Leverage
1:30 for retail clients on major pairs, under ASIC rules
Spreads From
From 1.7 pips on the Standard account, based on independent broker reviews
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
