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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)

  • #1
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  • Jul 26, 2012 4:31pm Jul 26, 2012 4:31pm
How many people and how much are lost due to this Broco? anyone knew about them?
  • #2
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  • Jul 26, 2012 4:49pm Jul 26, 2012 4:49pm
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.
  • #3
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  • Jul 26, 2012 5:15pm Jul 26, 2012 5:15pm
i used the demo cause they offered futures and stock charts for mt4 for free now i have to find new source again
  • #4
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  • Jul 26, 2012 5:21pm Jul 26, 2012 5:21pm
Quoting torkay77
i used the demo cause they offered futures and stock charts for mt4 for free now i have to find new source again
4XP is a good option
  • #5
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  • Jul 26, 2012 6:02pm Jul 26, 2012 6:02pm
Quoting JeremyWS
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.
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 ?????
  • #6
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  • Jul 31, 2012 11:51am Jul 31, 2012 11:51am
Quoting Piters
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 ?????
so true
  • #7
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  • Aug 4, 2012 6:39am Aug 4, 2012 6:39am
  •  Trader#2241
  • | Status: Unregistered Trader
I know a few person that have had about 1,000,000 $ in this Broker. Do you know what should they to do?
  • New Comment
  •  Trader#9223
  • | Status: Unregistered Trader
Create Account
  • Story Stats
  • Posted: Jul 26, 2012 4:21pm
  • Submitted by:
     Newsstand
    Category: Forex Industry News
    Comments: 7  /  Views: 2,826