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Do you want to know which is the better broker between BCR and instaforex ?
In the table below, you can compare the features of BCR , instaforex side by side to determine the best fit for your needs.
--
XAUUSD:27.33
EURUSD: -6.82 ~ 2.29
XAUUSD: -37.66 ~ 18.83
EURUSD:1.5
EURUSD:2.7
EURUSD:4.37
XAUUSD:80
EURUSD: -2.34 ~ 0.3
XAUUSD: -90.83 ~ 0.69
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of bcr, instaforex lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
BCR | Basic Information |
Founded | 2008 |
Registered Country | British Virgin Islands |
Regulation | ASIC, FSC (Offshore) |
Tradable Assets | Forex, CFDs on metals, commodities, indices |
Account Types | Standard, Advantage, Alpha, and Affiliate |
Demo Account | ✔ |
Islamic Account | Not specified |
Maximum Leverage | 400:1 |
Spreads | From 3.0 pips |
Trading Platforms | MT4, MT5, WebTrader, MAM |
Minimum Deposit | $300 |
Payment Methods | Bank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, USDT |
Customer Support | 24/5 online chat, contact form, phone: +44 3300010590, email: info@thebcr.com, social media |
BCR is a forex broker that was established in 2008 under the company name BACERA CO PTY LTD. The broker is regulated by ASIC (Australian Securities and Investments Commission) and offshore regulated by FSC (Financial Services Commission).
Pros | Cons |
• Regulated by ASIC | • Offshore Regulation |
• Demo Account | • Limited Account Types |
• Commission-free | • Wide Spreads |
• Advanced MT4 Trading Platform | • No 24/7 Support |
• Various Market Research Tools |
• Regulation: BCR is regulated by ASIC (Australian Securities and Investments Commission), which provides a level of security and trustworthiness for traders.
• Demo Account: BCR provides a demo account, allowing traders to practice and test their trading strategies in a risk-free environment.
• Commission-free: BCR offers commission-free trading for all account types.
• Advanced Trading Platforms: BCR provides access to advanced MT4 trading platform, offering comprehensive charting tools, indicators, and automated trading capabilities.
• Market Research Tools: BCR offers various market research tools, including economic calendars and market live.
• Offshore Regulation: BCR claims to be regulated by FSC, but it is offshore.
• Limited Account Types: BCR only offers two account types, which could restrict options for traders with specific needs or preferences.
• Wide Spreads: BCR offers spreads from 3.0 pips, while the industry average spread is just 1.5 pips.
• No 24/7 Support: The availability of customer support might be limited outside of regular business hours, which could be inconvenient for traders in different time zones or those requiring immediate assistance.
BCR operates within a well-regulated framework, authorized and regulated by respected financial authorities, including the Australian Securities and Investments Commission (ASIC, No. 328794) and offshore regulated by the Financial Services Commission (FSC, No. SIBA/L/19/1122) in the Virgin Islands.
This regulatory oversight ensures that BCR complies with stringent financial regulations, industry standards, and best practices. The ASIC and FSC play a crucial role in monitoring and supervising Doo Prime's operations, ensuring that the broker maintains transparency, ethical practices.
Additionally, BCR's practice of keeping segregated client funds means that client money is kept separate from the company's own funds. This can offer an additional layer of security for traders, since in the event of a company bankruptcy, these funds would not be treated as recoverable assets by general creditors of the company. This practice is common among regulated brokers as it provides more protection for traders' investments.
Forex, CFDs on metals, commodities, indices... BCR allows clients to access 300+ trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BCR.
Tradable Assets | Supported |
Forex | ✅ |
Commodities | ✅ |
Metals | ✅ |
Indices | ✅ |
Cryptocurrencies | ❌ |
Futures | ❌ |
Options | ❌ |
This includes prominent global forex currency pairs, allowing for trading in the foreign exchange market.
They also offer CFDs on metals, which may include precious metals like gold and silver, as well as industrial metals.
In addition, traders can access CFDs on commodities, from energy sources like oil and gas to agricultural products.
This is extended to indices, tracking performance of groups of shares in a particular market or sector.
However, cryptocurrencies are currently unavailable.
Apart from demo accopunts, BCR offers four live account types: Standard, Advantage, Alpha, and Affiliate. All account types provide leverage up to 400:1, a 50% stop-out level, micro-lot trading (0.01), and access to single stock CFDs, except for the Alpha account. The minimum deposit requirements range from $300 for the Standard and Advantage accounts to $3,000 for the Affiliate account. Spreads start from 1.2 pips for the Advantage account, with the Alpha account offering zero spreads. Additionally, the Advantage account charges a $3 commission per lot per side. The lot size per transaction is capped at 20 for all account types.
Here are four specific steps to open an account with BCR:
Step 1: Visit the BCR official website: Go to the BCR website using a web browser on your computer or mobile device. Navigate to the account opening section: Look for the “Join Now” button on the website on the homepage.
Step 2: Fill out the account application form: Click on the account opening button/link, and you will be directed to an online form. Provide the requested information, including your full name, contact details (such as phone number and email address), and password.
Step 3: Submit identification documents: As part of the account verification process, BCR may require you to provide identification documents. These documents may include a copy of your passport or national ID card, proof of address (such as a utility bill or bank statement), and any other documents requested by the broker.
Step 4: Review and agree to the terms and conditions: Before finalizing your account creation, carefully read through the terms and conditions provided by BCR. Make sure you understand and agree to all the terms before proceeding. If you have any questions or concerns, you can contact their customer support for clarification.
BCR provides traders with maximum levearge up to 400:1.
Leverage, in simple terms, is a tool that enables traders to control a larger position in the market with a smaller amount of capital. It can be a valuable tool for experienced traders who understand its risks and benefits. By using leverage, traders can potentially generate higher returns on their investments.
However, leverage is a double-edged sword. While it can enhance profits, it can also magnify losses. Traders should exercise caution and implement effective risk management strategies when utilizing leverage. It is crucial to have a thorough understanding of the market and the associated risks before engaging in leveraged trading.
Specifically, the commissions and spreads need to pay will differ for the various trading accounts traders have.
The Standard account offers a zero-commission trading environment, allowing traders to execute trades without incurring any additional charges. Spreads for the Standard account start from 8.0 pips.
For those seeking even tighter spreads, the Advantage account is available. With spreads starting from 3.0 pips and no commissions, this account offers enhanced trading conditions for traders looking to optimize their trading strategies and minimize their trading costs.
Spreads and commissions vary on the trading symbol, more details can be found in the screenshot below.
BCR provides traders with popular MT4 (MetaTrader4) and MT5 (MetaTrader5) platforms as well as a user-friendly Webtrader and MAM platform. Some other popular and user-friendly trading platforms like cTrader and TradingView are not supported.
Platforms | Supported |
MetaTrader 4 (MT4) | ✅ |
MetaTrader 5 (MT5) | ✅ |
WebTrader | ✅ |
MAM | ✅ |
cTrader | ❌ |
TradingView | ❌ |
BCR provides its customers with over 10 payment options. The options available for depositing and withdrawing funds include Bank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, and USDT.
In terms of withdrawal request processing, BCR operates a specific schedule. The cut-off time for processing on the same day is 10:00 AM. Requests submitted before this time will be processed on the same day, whereas requests submitted afterwards will not be processed until the following business day.
Additionally, BCR does not charge any fees for deposits or withdrawals. However, transactions between international banks might incur fees such as intermediary fees.
BCR also provides some trading tools and educational resources to help traders to gain a superb trading environment.
Their economic calendar is a must-have tool for traders, allowing them to stay informed about important economic events that have the potential to impact the markets. Identifying these events can help with planning trading strategies.
Their glossary is an excellent educational resource, especially for beginner traders. It provides definitions for numerous terms used in trading, helping traders become familiar with industry jargon.
Additionally, BCR offers a 'Market Live' feature, which provides real-time updates about market conditions and trends.
These tools, combined with their educational resources, assist traders in making informed decisions and understanding the complexity of the markets, which ultimately contributes towards a more efficient trading experience.
Language(s): English, Chinese, Vietnamese, Japanese, etc.
Service Time: 24/5
Live chat, contact form
Email: info@thebcr.com
Phone: +44 3300010590
Social Media: Facebook, Twitter, Instagram, LinkedIn
Address: BCR Co Pty Ltd, Trident Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.
Is BCR Legit?
Yes. BCR operates legally and it is regulated by ASIC and offshore regulated by FSC.
What assets can I trade with BCR?
Forex and CFDs on metals, commodities, and indices.
Does BCR offer demo accounts?
Yes.
Does BCR offer industry leading MT4 & MT5?
Yes. It supports both MT4 and MT5.
Is BCR a good broker for beginners ?
Yes, given its stringent Australian regulation and its provision of demo accounts for novices to engage in risk-free trading, BCR could be an excellent option for beginners.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Registered in | Cyprus |
Regulated by | CYSEC |
Year(s) of establishment | 5-10 years |
Trading instruments | Currency pairs, stocks, indices, precious metals, energies, commodities, cryptocurrencies and futures |
Minimum Initial Deposit | 200EUR |
Maximum Leverage | 1:1000 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, MT5 |
Deposit and withdrawal method | Bank wire transfer and many other methods |
Customer Service | Email/phone number/address/live chat/more |
Fraud Complaints Exposure | No for now |
InstaForex brand was founded in 2007 and claims to be the choice of more than 7 million brokers. InstaForex website may be very complex at first glance, but if you take a moment to look at it closely, you will find a wealth of content. The information bar on both sides of the page is full of attractive content, such as news, widgets, real-time charts, customer service and much more.
In the following article, we will analyze the features of this merchant in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), which oversees its operations within the financial markets.
The firm operates under a Market Making (MM) license, specifically designed for entities that provide liquidity by buying and selling financial instruments. InstaForex's license number with CySEC is 266/15.
InstaForex offers a diverse range of trading products including Currencies, Shares, Indices, Commodities, and Cryptocurrencies. The accounts associated with the MT4 platform support over 260 different trading instruments, while those linked to the MT5 platform provide access to more than 2500 trading instruments. This extensive selection allows traders to diversify their portfolios and explore various markets using platforms that best suit their trading needs.
The details about the spreads and commissions for trading with InstaForex are clearly outlined within the account settings. For MT4 accounts, all spreads are floating, while MT5 accounts feature raw spreads.
MT5:
MT4:
InstaForex offers three account types for both MT4 and MT5 platforms: ECN, ECN PRO, and ECN VIP, each with varying minimum deposit requirements. The accounts linked to MT4 have a lower entry threshold starting from 200 EUR, but they support only over 260 trading instruments. In contrast, the accounts associated with MT5 require a higher minimum deposit of 1000 EUR; however, they provide access to a broader range of over 2500 trading instruments.
Notably, only the MT4 ECN account does not support VPS (Virtual Private Server). This structure allows traders to choose an account that best fits their trading needs and financial capacity.
Regarding trading platforms, clients have the option to utilize the industry-leading MetaTrader4 and MetaTrader5, both of which are accessible on any device. Traders who require flexibility can download the desktop versions of MetaTrader4 and MetaTrader5, use them directly in web browsers, or download the mobile apps for trading on-the-go, ensuring convenience and efficiency.
However, if you are uncertain about which platform to choose, our team has prepared a detailed article for your reference. This article explores the similarities and differences between the two platforms and provides specific recommendations to help you make an informed decision.
https://www.wikifx.com/es/wikishow/202207208464173722.html
InstaForex offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
InstaForex also supports familiar payment methods including VISA, MasterCard, Bank Wire, Skrill, and Neteller.
InstaForex educational resources are extensive. Online charts, market analysis, Forex calculators, indicators, articles, questions and answers, glossary... Whether you choose InstaForex as your broker or not, you can make the most of the resources available here.
InstaForex provides diverse customer support through multiple channels, ensuring that clients can receive assistance at any time.
Is this broker well regulated?
Yes, it is currently effectively regulated by CYSEC in Cyprus.
Does this broker offer MT4/MT5?
Yes, InstaForex offers both MT4 and MT5 for you to choose from.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive bcr and instaforex are, we first considered common fees for standard accounts. On bcr, the average spread for the EUR/USD currency pair is 1.7+ pips, while on instaforex the spread is Fixed 2-7.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
bcr is regulated by ASIC,FSC. instaforex is regulated by CYSEC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
bcr provides trading platform including Affiliate,Alpha,Advantage,Standard and trading variety including --. instaforex provides trading platform including Standard Trading Accounts,Eurica Trading Accounts,ECN Trading Account,ECN Pro Trading Account,Scalping trading account and trading variety including --.