Pros & cons of BCR Bacera broker

BCR Bacera Fact sheet

BCR Bacera is authorized and regulated by the British Virgin Island Financial Services Commission (BVIFSC). The regulator is not as strict as other popular regulators but still offers basic protection for traders. BCR Bacera follows policies of offering negative balance protection and segregated accounts. These measures enable traders not to get indebted to the broker if they go into a negative balance and their funds can not be touched by the broker. Additionally, the broker is part of client compensation funds making it possible to refund investors in case of insolvency. 

There are three types of accounts available at BCR Bacera offering flexibility to traders. It has to be mentioned that spreads are still high even on accounts with trading commissions and start from 0.8 pips. The broker claims the spreads for EUR/USD start from 0 pips on their Alpha account, but spreads are still high on other major pairs. 

Pros & cons of BCR Bacera account types

Fees & commissions review of BCR Bacera 

Comparing BCR Bacera fees with other brokers

BCR Bacera fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

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BCR Bacera fees compared to Capital.com fees

BCR provides traders with access to the MT4 advanced professional platform. MetaTrader 4 (MT4) is a professional trading platform that offers advanced features with high-quality trading indicators for technical analysis. It also supports trading robots called Expert Advisors (EAs) and is one of the most popular platforms in the world. BCR MT4 is available for all devices and the broker even provides the web trader version of the platform. All mobile devices are supported by BCR MT4 and it offers technical analysis tools and charting capabilities on the go. 

Educational resources offered include an education section and trading glossary. With simple terms explained in an easy-to-understand way for beginners. The market research tools include live analysis and BCR market insights that will help traders increase their trading accuracy by knowing important market developments and news. 

All forms of customer support is available at BCR Bacera, but the live chat works with technical difficulties and the website is not mobile-friendly. The website and support are both multilingual and support 4 different languages. All in all the support from BCR seems to need some improvements and more attention from the broker’s side. 

BCR Bacera is a regulated Forex and CFDs broker that offers numerous asset classes for trading. While the broker offers access to MetaTrader 4 and a moderate minimum deposit of $300, there are some significant drawbacks. BCR Bacera has higher than industry-average spreads on Forex pairs, slow live chat support, and only one low-profile offshore regulator. Minimum spreads start from 1.6 pips and even on the Alpha account which is supposed to be a low-spreads account, the spreads start from 0.8 pips. The website needs attention from the broker to make it more attractive for traders.