BCR Review 2024

4.87/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • FSC BVI
Foundation date:
  • 2014
Updated:
4.87/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • FSC BVI
Foundation date:
  • 2014
flag
BCR isn't available in United States
Check out the best Forex brokers

Our Evaluation of BCR

4.87/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

BCR is a broker with higher-than-average risk and the TU Overall Score of 4.87 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BCR clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Brief Look at BCR

BCR has been successfully operating in the CFD industry for more than twenty years. BCR is an investment firm complying with multiple regulatory bodies, so customer funds are completely secured when trading Contracts for Difference with BCR. All customer funds are fully separated from company funds. The principle of completely segregated client funds is obligatory according to applicable regulatory requirements.

Advantages of trading with BCR:
  • Quick order execution. No slippages on fundamental volatility, which points to access to high level of liquidity;
  • Instant payment processing for most payment methods. No limitations on the amount and number of transactions. No transaction fee;
  • No limitations on strategies and instruments.
Disadvantages of BCR:
  • Offshore regulation (British Virgin Islands).
  • High spread on the Standard account. High fee on the ECN account.

BCR Summary

💻 Trading platform: MetaTrader 4, Mobile Apps
📊 Accounts: Standart, Alpha, Pro, Swap-Free
💰 Account currency: AUD, USD, GBP, EUR
💵 Replenishment / Withdrawal: Bank Transfer
🚀 Minimum deposit: 300 USD
⚖️ Leverage: 1:200
💼 PAMM-accounts: No
📈️ Min Order: 0,01
💱 Spread: from 0,0 p
🔧 Instruments: Forex, Metals, Commodities, Indicies, Cryptocurrencies, Shares
💹 Margin Call / Stop Out: 100%/50%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: YES

BCR Key Parameters Evaluation

User Satisfaction

Score:
4.3/10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
RaymondSype
1 year ago

Terrible company. They force you to take loans, while promising that in 2-3 weeks your income will rise by 4 times that you will quickly pay off loans. Don't believe me, it's a complete scam!

Avatar
Avatar
Timothygulk
2 years ago

Two days ago, there were $1,000 in my portfolio, today I didn’t make any transactions on my account, I wrote to support..

Avatar
Avatar
jacquelynwt16
2 years ago

I read that BCR takes a long time to withdraw funds, but of the available methods, the company has only a bank transfer. This option everywhere provides for the terms of crediting funds up to 10 business days. I liked the conditions in theory. Now I'm testing them in practice. Orders are executed without requotes, which indicates good liquidity providers and high performance of the terminal. Another reason I trust companies is ASIC regulation. This organization is famous for strict control over the fulfillment of obligations by brokers to clients. But just in case, he did not replenish the deposit for a large amount, although judging by the way the trading process is going on, the company is trustworthy.

Avatar
Avatar
rana_0027
3 years ago

BCR has a very poor support service. I opened an account here and wrote to the support service several times about inflated spreads for the GBP / USD pair. They answered me once in two weeks. And they said that everything is in order and within the time limit.

Avatar
Avatar
saifulbd
3 years ago

Recently, a lot of sites have appeared that are allegedly partners of the BCR broker. Broker representatives seem to be reneging on an agreement with these resources. But I think there is something. After all, these sites send customers to cfds.thebcr.com. This means that they generate BCR traffic.

Avatar
Avatar
Madz27
3 years ago

Broker BCR promises zero spread to traders. But this spread mainly affects those instruments that traders practically do not use. But on the main currency pairs, the spread does not allow using a scalping strategy. Trades bring losses. I do not recommend BCR for trading.

Avatar
Avatar
prince_rijal
3 years ago

Of all the interesting things, I will name the original site cfds.thebcr.com. We approached the design creatively. Otherwise, the BCR broker is not a priority for me when choosing a company for forex trading.

Score:
5.14/10

Commissions and fees

Information
Traders Union analysts performed an analysis of the broker’s trading conditions. The fees traders pay to the broker include the following: swap (except for the swap-free account), and the spread, which already includes the broker’s fee. The broker does not charge deposit/withdrawal fee. The fixed fee on the Alpha account is Alpha - 7 AUD / 6 USD / 5 GBP / 6 EUR.
Account type Spread (minimum value) Withdrawal commission
Standard from USD 17 no
Alpha from USD 0 no

Experts also compared the spread of the broker with the spreads charged by other brokers. spread on 1 standard lot of the EUR/USD pair was used for the comparison.

Broker Average commission Level
$17
High
$1
Low
$1.5
Medium
Score:
3.54/10

Investment Options

At the moment, the broker offers services only to active traders, and does not have any investment programs. It is possible that the broker will expand the line of products and add instruments for investors in the future.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

BCR Partnership program:

  • Introducing broker (IB). The program features a competitive structure of rebates, instant accrual of compensation and reward, free marketing package, advanced statistics functionality.

  • СРА program. Under the program, a client earns a reward once a referral completes specific actions (registration, making a deposit, etc.). Contact Customer Support Service for detailed conditions of partnership programs.

Comparison of BCR with other Brokers

BCR RoboForex Pocket Option Exness FxPro Tickmill
Trading
platform
MT4, MobileTrading MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5, cTrader, FxPro Edge MT4, MT5, Tickmill Mobile App
Min deposit $300 $10 $5 $10 $100 $100
Leverage From 1:1
to 1:400
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:1
to 1:500
Trust management No No No No No Yes
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 1.2 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
100%  /  50% 60%  /  40% 30%  /  50% No  /  60% 25%  /  20% 100%  /  30%
Execution of orders Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No No $30
Cent accounts No Yes No No No No
Articles that may help you
Where do people get signals for forex from?
Which Free Forex EAs Are The Best?
Which is the best channel for options trading?
How Much Does A Forex Robot Cost?
TOP 10 best peer to peer lending apps
How To Trade EUR/USD In Forex?
7 Best Profit-Taking Strategies In Trading
Top 25 Trading Books for Novice Traders
Daily Forex Trading Signals for 2024 (Charts)
Check out our reviews of other companies as well

Team that worked on the article