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
- FSC BVI
- 2014
Our Evaluation of BCR
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
BCR is a moderate-risk broker with the TU Overall Score of 5.68 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 thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
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.
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- 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.
- Offshore regulation (British Virgin Islands).
- High spread on the Standard account. High fee on the ECN account.
BCR Trading Conditions
| 💻 Trading platform: | MetaTrader 4, Mobile Apps |
|---|---|
| 📊 Accounts: | Standart, Alpha, Pro, Swap-Free |
| 💰 Account currency: | AUD, USD, GBP, EUR |
| 💵 Deposit / Withdrawal: | Bank Transfer |
| 🚀 Minimum deposit: | 300 USD |
| ⚖️ Leverage: | 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex, Metals, Commodities, Indicies, Cryptocurrencies, Shares |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | YES |
BCR Key Parameters Evaluation
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Regulation and safety
BCR has a safety score of 6.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 11 years
- Not tier-1 regulated
BCR Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 BVI FSC |
British Virgin Islands Financial Services Commission | British Virgin Islands | No specific fund | Tier-2 |
BCR Security Factors
| Foundation date | 2014 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker BCR have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of BCR with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, BCR’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
BCR Standard spreads
| BCR | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,12 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,16 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,3 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
BCR RAW/ECN spreads
| BCR | Pepperstone | OANDA | |
| Commission ($ per lot) | 8,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with BCR. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
BCR Non-Trading Fees
| BCR | Pepperstone | OANDA | |
| Deposit fee, % | 1 | 0 | 0 |
| Withdrawal fee, % | 0,5-1 | 0 | 0 |
| Withdrawal fee, USD | 0-5 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Deposit and withdrawal
BCR received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
BCR offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- USDT (Tether) supported
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- Deposit fee applies
- BTC not available as a base account currency
- Wise not supported
What are BCR deposit and withdrawal options?
BCR offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, Skrill, USDT. This limitation may restrict flexibility for users, making BCR less competitive for those seeking diverse payment options.
BCR Deposit and Withdrawal Methods vs Competitors
| BCR | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are BCR base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. BCR supports the following base account currencies:
What are BCR's minimum deposit and withdrawal amounts?
The minimum deposit on BCR is $300, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact BCR’s support team.
Markets and tradable assets
BCR offers a limited selection of trading assets compared to the market average. The platform supports 500 assets in total, including 42 Forex pairs.
- 500 assets for trading
- Indices trading
- 42 supported currency pairs
- Bonds not available
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by BCR with its competitors, making it easier for you to find the perfect fit.
| BCR | Plus500 | Pepperstone | |
| Currency pairs | 42 | 60 | 90 |
| Total tradable assets | 500 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products BCR offers for beginner traders and investors who prefer not to engage in active trading.
| BCR | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2014 |
|---|---|
| Registration address | Trident Chambers, Wickham’s Cay 1, Road Town, Tortola, British Virgin Islands |
| Regulation |
FSC BVI
Licence number: SIBA/L/19/1122 |
| Official site | cfds.thebcr.com |
| Contacts |
+44 3300010590
|
Comparison of BCR with other Brokers
| BCR | Eightcap | XM Group | RoboForex | Vantage Markets | InstaForex | |
| Trading platform |
MT4, MobileTrading | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, TradingView, ProTrader, Vantage App | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $300 | $100 | $5 | $10 | $50 | $1 |
| Leverage |
From 1:1 to 1:400 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 30% / 10% |
| Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
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