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BCR

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5.1
(12 Reviews)

Founded: 2001 Min Deposit: 300 USD

Headquarters: Sydney, Australia Max Lev: 1 : 400

Risk Level I

Please invest carefully! This broker was accused of investors. And there are a lot of risks to traders.

Score
Business Scope
8.0
Trading Cost
5.1
Trading Platforms
5.1
Support
5.1
Licence Status

multiple regulation

BVI FSC SIBA/L/19/1122
Authorised
Contact
+44 3300010590
info@thebcr.com
https://cfds.thebcr.com
Multilingual Support
Multiple Trading Instruments
10+ Payment method
Islamic Account
Multiple Base Currencies Support
Tight Spread
No Withdrawal Fee
No Deposit Fee
Commodities Trading
100+ Trading Instruments
Broker News Related Complaints Reviews

Broker News

BCR Inundated with Client Complaints: Canceling Agent's Account and Unilaterally Transferring Client Accounts 2024-05-23
BCR has recently received negative feedback from clients, and BrokersView recommends caution.

Related Complaints

Q&A

Is BCR legitimate or not?

Ayilara
Brazil
2024-12-12
ANSWER Dear Investor, Thank you for reaching out to us. We currently find that BCR is licensed by both the British Virgin Islands Financial Services Commission (BVI FSC) and the Australian Securities and Investments Commission (ASIC). However, the specific URL you inquired about may only fall under BVI FSC jurisdiction. Bacera Co Pty Ltd., which holds the ASIC license, has announced that the accounts of non-Australian clients of BCR would be opened under the BVI FSC-licensed entity BCR Co Pty Ltd. Given this situation, your account would be subject to BVI FSC jurisdiction, which is known for lax supervision and minimal protections for investors due to its offshore nature. In addition to its regulatory status, it is critical to note that we have recently received many reports from BCR customers about poor support and withdrawal issues. This reflects the potential risks. Customer reviews are also a criterion for assessing a broker's reliability. Therefore, we suggest you reconsider your choice of BCR and exercise extreme caution when dealing with it.
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Do they allow hedging?

Carlosna
Monaco
2022-07-18
ANSWER BCR, operated by BCR Co Pty Ltd, is a license broker under the regulations of Australia Securities & Investment Commission (ASIC) and British Virgin Islands Financial Services Commission (BVI FSC). As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more information on this broker, you can check our full BCR review.
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Overall Score

5.1
12 Reviews

Cost 5.1

Platforms 5.1

Deposit & Withdrawal 5.1

Customer Support 5.1

Indicates the average level of Brokers

Keywords for selection
Bad/Unprofessional Customer Support Fast Deposit/Withdrawal Good/Professional Customer Support Promotions / Bonus Regulated & Licensed Reliable & Reputable

12 Reviews Clear filter

Sort by
Jason Xu
Over 3 years Alpha Account Australia
I have used BCR in the last 3 years, and the overall experience is excellent. The customer service is always great with timely responses. The time for deposit and withdrawal is not super fast but reasonable.
2024-12-13
1
Reply
Iswarya Dada
7-12 months Standard Account Singapore
BCR is a nightmare to deal with. Their account verification process is unnecessarily complicated, causing unnecessary delays in trading activities.
2023-08-24
Reply
vahid
1-3 years Standard Account Kenya
Excellent broker!!! I’ve traded here for a year. I really think the support teams are awesome. Highly recommended to all!!!
2023-06-17
Reply
mashfaq
7-12 months Standard Account Australia
Really good service, Angie did a great job, helping us understand all the different elements and guiding us through the whole trading process.
2023-06-10
Reply
Nicodemus
0-6 months Standard Account United Kingdom
I’m totally satisfied with BCR after I traded here. Personally, the broker has almost everything for a successful trading. Really, as a 100% serious person, I think everything is fine here. The spreads are tight, there is no delay in system operation, and that is ok for me.
2023-04-02
Reply
GilaLawrence
1-3 years Standard Account Kenya
That is my opinion. I don't claim that it is the only and the most correct. This is how I feel about trading there. Usually, it is a typical broker with tight spread & a lot of trading assets. In addition, it also offer some useful trading resources, such as educational courses, market insights... whatever, I think I need these trading materials, so if you are the same one like me, I think you would like the service.
2023-04-01
Reply
Perumal
1-3 years Alpha Account Australia
I tried 2 to 3 platforms before BCR. All aspects goes well, stable platform, fast and smooth deposit/withdrawal, and competetive spreads.
2023-03-23
Reply
Louie Quinn
1-3 years Standard Account Singapore
I've used quite a few platforms. But I think BCR is a reliable company with good faith brokers.Because I think first of all: the service is really good. When I made a phone call to my account manager at 2 or 3 PM, he can still answer me in time. A lot of platforms can't do that. Second point: the platform's activities are very good, which can actually allow us traders to get bonus, not like some other companies are gimmick.Third point: trading here, I'm know my money is safe. Two words: rest assured. Good. Hope your platform continues to maintain these advantages.
2023-03-22
Reply
Dana
0-6 months Standard Account Singapore
This broker is regulated by ASIC so I am not worrying abou the security of my funds. However, the customer support is not so good. It often takes a while before getting the answering in the live chat. Actually live support is very important for we investors. Hope they will improve it.
2023-03-16
Reply
She
0-6 months Standard Account Cyprus
Education materials are not very deep for beginning traders.
2023-01-20
Reply

1-10 of 12 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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