ASX Markets Regulation: Is This Forex Broker Safe?
Analysis of ASX Markets regulation and broker safety. Learn about trading risks, MT4 features, and recent user withdrawal complaints.
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Abstract:Recently, an investor asked WikiFX to verify the workplace and business conditions of the Australian broker BCR. In response to investors, WikiFX decided to visit the broker in Sydney.
Broker profile
Full name: BACERA CO PTY LTD
Business scope: Forex, Metals, Commodities, Indices, Cryptocurrencies, and Shares
Address: VICTOR RINGOR, Suite 802 Level 8, 99 Mount Street SYDNEY
Survey background
Recently, an investor asked WikiFX to verify the workplace and business conditions of the Australian broker BCR. In response to investors, WikiFX decided to visit the broker in Sydney.

BCRs Location on the map
Survey process
According to the address listed in Australian Securities and Investments Commission (ASIC), the investigator arrived at 99 Mount Street in Sydney under the help of navigation. Being less than 1km away from central Sydney, the entire street is relatively busy. The street, which was 10-minute drive from central Sydney, enjoyed developed commercial activities. It was found from the floor directory that the broker BCRs office was located in this building. The investigator received the approval to visit the interior area after announcing the reason for this visit. The interior of the company was observed to be simple, stylish, spacious, and bright. The reception area where had a large LOGO on the glass wall and award certificates on the table was quite impressive. Looking around, the company had a nice office environment, with many employees busy working.

Floor directory

Office

Reception area

Certificates
Conclusion
The investigator confirms the authenticity of the Australian broker BCR through the site visit. Its business address is in line with that on the regulatory information. BCR has received a rating of 8.09 on the WikiFX APP and is currently under valid supervision with the MM licence issued by the ASIC.

BCR received a rating of 8.09 on the WikiFX APP
As an information channel serving investors worldwide, WikiFX investigates the actual operating conditions of global forex brokers by visiting them at irregular intervals, so as to warn investors against illegal brokers. So far, WikiFX App has included profiles of more than 23,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions, and protecting investors fund safety in forex trading. Click here to download the WikiFX App: https://bit.ly/wikifxIN
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Analysis of ASX Markets regulation and broker safety. Learn about trading risks, MT4 features, and recent user withdrawal complaints.

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