BCR Review 2024
Regulation:
  • FSC BVI
Bonus for deposit:
  • 0%

BCR Review 2024

Updated:
Updated: October 06, 2023

4.9

/

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
Bonus for deposit:
  • 0%

Note!

We’ve identified your country as US US

Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.

We’ve selected the Top 5 Best Brokers in US for you:

Start Trading with eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of BCR Trading Company

BCR is a broker with higher-than-average risk and the TU Overall Score of 4.9 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. BCR ranks 128 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

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.

💰 Account currency: AUD, USD, GBP, EUR
🚀 Minimum deposit: 300 USD
⚖️ Leverage: 1:200
💱 Spread: from 0,0 p
🔧 Instruments: Forex, Metals, Commodities, Indicies, Cryptocurrencies, Shares
💹 Margin Call / Stop Out: 100%/50%

👍 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.

Evaluation of the most influential parameters of BCR

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.43

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.55

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

5.14

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

8.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

2.19

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.68

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.48

/10

Geographic Distribution of BCR Traders

Popularity in

26.61%
CN
China
11.53%
DE
Germany
9.48%
BN
Brunei Darussalam
8.83%
AU
Australia
7.74%
TW
Taiwan, Province of China
6.82%
PL
Poland
6.4%
IN
India
4.59%
HK
Hong Kong
3.74%
FR
France
1.85%
UA
Ukraine
1.41%
Others
Others

User Satisfaction i

7 comments
Total 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
1 year 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
2 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.

Dynamics of BCR’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs of BCR

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.

Trading Conditions for BCR Users

💻 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

Comparison of BCR with other Brokers

BCR RoboForex Eightcap Exness TeleTrade 4XC
Trading
platform
MT4, MobileTrading MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5 MT5, MT4, WebTrader
Min deposit $300 $10 $100 $10 $1 $50
Leverage From 1:1
to 1:400
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:10
From 1:1
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 0 points From 1 point From 0.8 points From 0 points
Level of margin call
/ stop out
100%  /  50% 60%  /  40% 80%  /  50% No  /  60% 70%  /  20% 100%  /  50%
Execution of orders Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No No $50
Cent accounts No Yes No No No No

Broker comparison table of trading instruments

BCR RoboForex Eightcap Exness TeleTrade 4XC
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No Yes No
Options No No No No No No

BCR Commissions & 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
BCR $17 High
RoboForex $1 Low
IC Markets $1.5 Medium
Logo BCR
$17
$1
$1.5

Contacts

Foundation date 2014
Registration address Trident Chambers, Wickham’s Cay 1, Road Town, Tortola, British Virgin Islands
Regulation
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
BCR Review BCR Review

Articles that may help you

Top 10 Best Forex Brokers With welcome Bonuses 2024
For Beginners
Top 10 Best Forex Brokers With welcome Bonuses 2024
Oleg Tkachenko - March 2024
Top 10 Best Forex Brokers in the World in 2024
For Beginners
Top 10 Best Forex Brokers in the World in 2024
Richard Best - March 2024
Best PayPal Forex Brokers in 2024
For Beginners
Best PayPal Forex Brokers in 2024
Oleg Tkachenko - March 2024
17 Best Managed Forex Accounts in 2024
For Beginners
17 Best Managed Forex Accounts in 2024
Oleg Tkachenko - March 2024
Best Cent Account Brokers in 2024
For Beginners
Best Cent Account Brokers in 2024
Oleg Tkachenko - March 2024
Top Low (Tight) Spread Forex Brokers
For Beginners
Top Low (Tight) Spread Forex Brokers
Mikhail Vnuchkov - March 2024
7 Best Free Forex Signals for Trading in 2024
For Beginners
7 Best Free Forex Signals for Trading in 2024
Oleg Tkachenko - March 2024
What Is The Best Forex Trading Robot? Free Download
For Beginners
What Is The Best Forex Trading Robot? Free Download
Vuk Martin - March 2024
Top 9 Best Forex Signals Providers in 2024 With High Win Rate
For Beginners
Top 9 Best Forex Signals Providers in 2024 With High Win Rate
Andrey Mastykin - January 2023
Best Social Trading Platforms in 2024
For Beginners
Best Social Trading Platforms in 2024
Andrey Mastykin - July 2023
What Is The Best Forex EA For MT4
For Beginners
What Is The Best Forex EA For MT4
Vuk Martin - January 2024
Richest Forex Traders - Trading Secrets & Life Stories
For Beginners
Richest Forex Traders - Trading Secrets & Life Stories
Oleg Tkachenko - March 2024
Is Forex Trading Halal or Haram? - Halal Investment Guide
For Beginners
Is Forex Trading Halal or Haram? - Halal Investment Guide
Alamin Morshed - January 2024
Key to Markets Review 2024
For Beginners
Key to Markets Review 2024
Anton Kharitonov - January 2023
LCG Group Review 2024
For Beginners
LCG Group Review 2024
Anton Kharitonov - January 2023
Capital Index Review 2024
For Beginners
Capital Index Review 2024
Anton Kharitonov - January 2023

FAQs

Do reviews by traders influence the BCR rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about BCR you need to go to the broker's profile.

How to leave a review about BCR on the Traders Union website?

To leave a review about BCR, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about BCR on a non-Traders Union client?

Anyone can leave feedback about BCR on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Traders Union Recommends: Choose the Best!

Logo IG Markets
Logo eToro
Open an account
Your capital is at risk. 
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Logo OANDA
Open an account
Your capital is at risk.