BCR Review Overview
BCR is operated by Bacera Co Pty Ltd, established in 2008 and based at 201 Elizabeth St, Sydney. It holds an ASIC financial services license (number 328794) and states that client funds are segregated. Japanese-language customer support is available.
| Specification | Detail |
|---|---|
| Operating Company | Bacera Co Pty Ltd |
| Established | 2008 |
| Regulator | ASIC (license 328794) |
| Segregated Funds | Yes |
Instruments and Leverage
BCR offers forex pairs, metals, energy, indices, and shares in foreign markets such as the US and Australia (not Japanese shares). Leverage is capped at 30:1 on forex, 20:1 on metals, energy, and indices, and 5:1 on shares, in line with the limits ASIC applies to retail clients. BCR notes it may offer 400:1 to professional traders.
| Specification | Detail |
|---|---|
| Forex | 30:1 |
| Metals / Energy / Indices | 20:1 |
| Shares | 5:1 |
Accounts and Costs
BCR offers two accounts, both with a AUD 300 minimum deposit: the Advantage account (USDJPY spread from 1.2 pips, no commission) and the Alpha account (spreads from 0 pips with a $6 round-turn commission per lot). Both run on MT4 or MT5, with a 50% stop-out and a demo account. BCR does not offer swap-free accounts.
Deposits and Withdrawals
Funding is by credit card, debit card, bank transfer, and FasaPay. BCR does not accept cryptocurrency and does not offer crypto CFDs.
Pros and Cons
| Pros | Cons |
|---|---|
| ASIC-authorized with segregated client funds | Leverage limited to 30:1 for retail clients |
| Established since 2008 with a Sydney office | No regular bonuses |
| MT4 and MT5 with raw-spread Alpha account | No crypto CFDs, cTrader, or swap-free accounts |
Is BCR a Broker Worth Considering?
BCR is a comparatively transparent, ASIC-regulated option for traders who value regulation over high leverage or promotions. Those seeking high leverage or bonuses will find it restrictive, and readers should still confirm current terms with BCR directly.
FAQ
- Is BCR regulated?
- Yes, Bacera Co Pty Ltd holds an ASIC license (number 328794).
- What is BCR’s maximum leverage?
- 30:1 on forex for retail clients; up to 400:1 may be offered to professional traders.
- Does BCR offer a bonus?
- Not normally.
- Which platforms does BCR support?
- MT4 and MT5.
