BCRPRO is a Contract for Difference (CFD) broker with its official website domain registered on April 13, 2024. This broker primarily offers investment services in markets such as forex, digital currencies, metals, energy, futures, commodities, and indices to investors, excluding countries and regions where providing such services would violate local laws or regulations.
Company Registration and Regulatory Status:
According to publicly available information on its website, BCRPRO's company entity is BCRPRO Limited, which is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455 respectively. The broker also claims to be a registered member of THE FINANCIAL COMMISSION. However, the documents provided in the "Terms and Conditions" section of their website are only images and cannot be opened.
Upon verification, the ASIC website shows that license number 296805 corresponds to DLS MARKETS (AUST) PTY LTD, and the VFSC website shows that license number 700455 belongs to DLS MARKETS LIMITED. Additionally, THE FINANCIAL COMMISSION does not list BCRPRO Limited as a registered member, but DLS MARKETS is listed.
Therefore, it can be confirmed that BCRPRO is a clone site of DLS MARKETS, lacking both a legitimate company entity and any regulatory oversight.
Account Opening:
To open a trading account with BCRPRO, visit their official website, click "Open Account" at the top right corner, enter your email address and set a login password. Then, verify your email through the code sent to you, fill in the account application form, and submit it. Once the account is successfully registered, you will need to complete full KYC verification to deposit funds and start trading.
Account Types:
BCRPRO offers two types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT:
- Trading Platform: BCRPRO
- Execution Speed: Instant Execution
- Products: Over 250 currency pairs, indices, commodities, stock CFDs
- Maximum Leverage: 1:500
- Spread: From 1 pip
- Trading Commission: 0
- Initial Deposit Amount: $200
ECN ACCOUNT
- Trading Platform: BCRPRO
- Execution Speed: Instant Execution
- Products: Over 250 currency pairs, indices, commodities, stock CFDs
- Maximum Leverage: 1:500
- Spread: From 0 pips
- Trading Commission: $6 per round trip trade
- Initial Deposit Amount: $200
Trading Platform:
BCRPRO claims to provide the MT4 trading platform, but in reality, it uses a proprietary platform. MT4 does not list this broker, and the mobile app download link on their site does not work.
Deposits and Withdrawals:
BCRPRO supports deposits and withdrawals via credit/debit cards, e-wallets, and bank wire transfers.
Conclusion:
Traderknows reminds investors that BCRPRO is a scam website of the cloned broker DLS MARKETS. It has no actual company entity or regulation, and the only contact method provided is through email. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
