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  • Broco officially blows up

    From forexmagnates.com

    As if this wasn’t anticipated for some time now: Broco’s CEO Valery Maltsev has officially announced that the company is shutting down due to police investigation. In 2010 Broco was sued by the SEC for manipulating client positions, SEC claimed that: “The Commission’s complaint alleges that BroCo Investments, Inc., its president Valery Maltsev, and/or individuals acting in concert with them hijacked the online brokerage accounts of unwitting investors using stolen usernames and passwords and subsequently placed unauthorized trades through the compromised accounts to manipulate the markets of at least ... (full story)

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  • Post #1
  • Quote
  • Jul 26, 2012 4:31pm Jul 26, 2012 4:31pm
  •  TraderUSA
  • | Joined Aug 2011 | Status: Member | 809 Comments
How many people and how much are lost due to this Broco? anyone knew about them?
  • Post #2
  • Quote
  • Jul 26, 2012 4:49pm Jul 26, 2012 4:49pm
  •  JeremyWS
  • Joined Oct 2010 | Status: Member | 28 Comments
How does this company get to exist, who in their right mind would trust their money with a russian broker like broco or any other.

If traders lose money through this I will feel no remorse, stupid people get what they deserve.
  • Post #3
  • Quote
  • Jul 26, 2012 5:15pm Jul 26, 2012 5:15pm
  •  torkay77
  • | Joined Jul 2010 | Status: Member | 192 Comments
i used the demo cause they offered futures and stock charts for mt4 for free now i have to find new source again
  • Post #4
  • Quote
  • Jul 26, 2012 5:21pm Jul 26, 2012 5:21pm
  •  ssshhhh
  • | Joined Sep 2011 | Status: Member | 465 Comments
Quoting torkay77
Disliked
i used the demo cause they offered futures and stock charts for mt4 for free now i have to find new source again
Ignored
4XP is a good option
  • Post #5
  • Quote
  • Jul 26, 2012 6:02pm Jul 26, 2012 6:02pm
  •  Piters
  • Joined Sep 2006 | Status: Collector | 76 Comments
Quoting JeremyWS
Disliked
How does this company get to exist, who in their right mind would trust their money with a russian broker like broco or any other.

If traders lose money through this I will feel no remorse, stupid people get what they deserve.
Ignored
Russian or not.. but last time I checked the 2 very big US brokers went BUST with all client money.. So my question to you my friend.. what makes a difference between Russian or US broker ?????
  • Post #6
  • Quote
  • Jul 31, 2012 11:51am Jul 31, 2012 11:51am
  •  Pinero
  • | Joined Nov 2009 | Status: Member | 1 Comment
Quoting Piters
Disliked
Russian or not.. but last time I checked the 2 very big US brokers went BUST with all client money.. So my question to you my friend.. what makes a difference between Russian or US broker ?????
Ignored
so true
  • Post #7
  • Quote
  • Aug 4, 2012 6:39am Aug 4, 2012 6:39am
  •  Guest
  • | IP XXX.XXX.207.18
I know a few person that have had about 1,000,000 $ in this Broker. Do you know what should they to do?
  •  Guest
  • | IP X.XXX.96.22
Join FF
  • Story Stats
  • Posted: Jul 26, 2012 4:21pm
  • Submitted by:
     Newsstand
    Category: Forex Industry News
    Comments: 7  /  Views: 2,114
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