BACERA

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Disadvantages:

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About company:

Bacera is a modern Australian Forex broker that provides a variety of investment opportunities.

Safety

Bacera is ASIC regulated, which requires the company to hold at least AU $ 1 million in an account. Each ASIC member firm is audited according to international standards for financial regulations.

Bacera is a trade name of Bacera Co Pty Ltd, which declares that all broker's products and services are provided in accordance with Australian laws and regulations. Even international clients are subject to the laws applicable in Australia. And the broker will not accept requests from jurisdictions that go outside the country. Thus, Bacera does not provide its services to US traders due to restrictions imposed by the US CFTC and NFA.

All traders 'investments are kept in segregated accounts and are carefully scrutinized by the ASIC so that the broker does not abuse their clients' funds. Segregated accounts help brokers differentiate their operating capital from clients' money, which helps them meet their obligations in the event of bankruptcy.

Trading conditions

Traders get the opportunity to trade 29 different currency pairs, 17 CFD instruments (indices, stocks, commodities).

Bacera offers two trading account options.

Standard Account is chosen by most of the company's clients. The account is available to customers who are willing to make an initial deposit of $ 300. The spreads for the popular EUR / USD pair are 1.7 pips. There is no commission for all currency pairs except USD / CNH. Also, the broker does not charge a commission on most CFDs, the list of assets subject to additional fees is freely available on the website. The size of the commission is 20 AUD.

Pro Account holders along with a higher minimum deposit (AUD 20,000) get access to lower spreads starting at 1.1 pips.

Both accounts provide traders with a maximum leverage of 1: 400 for Forex and CFDs.

The broker allows scalping and hedging. Traders are not allowed to engage in frequent scalping strategies by trading different lots for different currency pairs. There are also numerous conditions for limit orders and stop loss orders that can add additional pressure to your trading strategies.

Therefore, we recommend that traders carefully read the trading rules and conditions.

Trading platforms

Bacera only offers MT4 as its standard trading platform. The terminal is available on both PC and iOS or Android mobile devices. Terminal MT4 provides the best performance on a desktop interface for both Mac and Windows operating systems, and is primarily intended for traders who need access to a dedicated trading terminal. However, mobile traders also find the MT4 mobile platforms extremely useful for monitoring their accounts on the go and offer excellent trading platforms on smartphones as well as tablets.

Education

The site contains educational materials: introduction to trading, Forex basics, fundamental analysis, technical analysis. In addition, clients can take part in webinars and receive trading signals. All training materials are presented in English only.

Bonuses

The broker regularly holds promotions, offers its customers bonus points and raffles off gifts such as the IPhone 7 (32GB, 256GB), iPhone 7 Plus (32GB, 256GB) or MacBook Pro 13 (512GB). All conditions for participation in promotions and contests are described in detail on the site.

Support service

Available by phone, fax, live chat. Also, a trader can address his question directly to the office. All contacts can be found on the website.

Ways of payment

Payment methods such as bank transfer, credit cards and China UnionPay are available for traders. The broker does not offer e-wallets like Skrill, PayPal or Neteller, which are mostly popular with the online trading community.

Withdrawal of funds to the client's account takes from 3 to 5 days.

Pros:

regulated broker; demo account; bonuses and promotions; competitive spreads.

Minuses:

no PAMM and Islamic accounts; no ECN environment; limited selection of trading platforms.

FAQ - BROKER QUESTIONS BACERA

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Can the broker BACERA be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. BACERA received a rating of 1 out of 5 on our resource.