Anyone trade with Broco? | Forex Factory

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Anyone trade with Broco?

  • #1
  • First Post: Jun 21, 2009 1:05pm Jun 21, 2009 1:05pm
Wanted to hear from anyone who trades with Broco, they seem to offer a lot, ECN with very low commision, capital protection and a host of other features.

Only thing is they're based out of Russia and I have no idea or information about how reliable Russian regulatory associations are.
  • #2
  • Jun 21, 2009 1:15pm Jun 21, 2009 1:15pm
Quoting fugly

Only thing is they're based out of Russia and I have no idea or information about how reliable Russian regulatory associations are.

Did you hear the slogan... " From Russia with love ". There is a reason for it.
  • #3
  • Jun 22, 2009 1:07pm Jun 22, 2009 1:07pm
I mentioned before, starting deposit is too high and not proven for live.

but look at price from their demo mt4 w/ ecn back end
and place limit order in oanda is a good way.

the ecn price feed match oanda if you place limit order... and you still have fund safety and tight spread from oanda.

Quoting fugly
Wanted to hear from anyone who trades with Broco, they seem to offer a lot, ECN with very low commision, capital protection and a host of other features.

Only thing is they're based out of Russia and I have no idea or information about how reliable Russian regulatory associations are.
  • #4
  • Jun 24, 2009 4:55pm Jun 24, 2009 4:55pm
heard this name for the first time lol
  • #5
  • Oct 1, 2009 6:45am Oct 1, 2009 6:45am
Quoting billye
I mentioned before, starting deposit is too high and not proven for live.

but look at price from their demo mt4 w/ ecn back end
and place limit order in oanda is a good way.

the ecn price feed match oanda if you place limit order... and you still have fund safety and tight spread from oanda.
too high?

if i'm not wrong it's $100 right?
  • #6
  • Oct 1, 2009 8:13am Oct 1, 2009 8:13am
it IS $100 minimum for Broco Trader..

apparently that's Too High?
taking series 3 and 34
  • #7
  • Oct 1, 2009 8:53am Oct 1, 2009 8:53am
Quoting ForexSV
Did you hear the slogan... " From Russia with love ". There is a reason for it.
What's bad about Russia? SPYs, KGB, Weapons?
  • #8
  • Oct 1, 2009 3:46pm Oct 1, 2009 3:46pm
I had an account there for about a month. Pretty much what you would expect from a Russian shop. Openning the account was quick and painless, customer service was non-existant, spreads were decent, execution was mediocre.
  • #9
  • Oct 6, 2009 1:12pm Oct 6, 2009 1:12pm
Quoting KarateMan
I had an account there for about a monthhttp://kedaii.com/FS/images/12.gif. Pretty much what you would expect from a Russian shop. Openning the account was quick and painless, customer service was non-existant, spreads were decent, execution was mediocre.
what you mean by "expect from russian shop" ?

can't interpret if it's a good or bad thing
  • #10
  • Oct 6, 2009 5:54pm Oct 6, 2009 5:54pm
Quoting KarateMan
I had an account there for about a month. Pretty much what you would expect from a Russian shop. Openning the account was quick and painless, customer service was non-existant, spreads were decent, execution was mediocre.
The key point is EXECUTION WAS MEDIOCRE. (The same reason Chinese goods stock our shelves and Russian products NEVER have - They're terrible are creating world-class products)
  • #11
  • Oct 6, 2009 7:25pm Oct 6, 2009 7:25pm
i dunno about the 4 digit mt4 accounts (supposed to be through the dealer desk! forget that!) but the 5 digit account that are STP/ECN are real good on execution. about 3 sec average. and with my trade system, i can trade any pair i want because I'm not scalping. I always had good customer service myself whenever i asked my account manager anything. within 24 hrs.

also, i have done withdrawals and deposits as well. I'm in the USA of course so it took just under 24 hrs to wire the money into the account. all you have to do is log into the back office and type the amount you want to withdrawal and you get your money 3 days later. wired out 1000.00 and got 946.00 after the fees. not bad at all. i have no complaints but I will be moving to currenex once i get my funds up.

been with these guys since Jan. 29, 2009 with the broco investor4 account, not the broco trader4 account
  • #12
  • Oct 12, 2009 11:17pm Oct 12, 2009 11:17pm
what is the minimum account opening with them?are they really ECN broker?as there are too many broker claiming to be an ECN.
any comment from any Broco user?
  • #13
  • Feb 15, 2010 12:15am Feb 15, 2010 12:15am
I received this notice from Broco Company.I'm not native english speaking, please someone let me know when Broco will open for forex trading on Broco Trader on Monaday, 15th Feb. 2010. Its already GMT 6:15 on 15th feb.

As normal, their 24H online help is absent to help.. (i've few open positions, that's why i'm concerned).
Attached Image (click to enlarge)
Click to Enlarge Name: broco.png Size: 46 KB
  • #14
  • Feb 15, 2010 12:29am Feb 15, 2010 12:29am
Brocco know in Russia for having almost thousand of trading tools, claiming to be ECN and many profit removals coz actually keeping all trades in house.
  • #15
  • Mar 15, 2010 10:30am Mar 15, 2010 10:30am
Quoting GTR Power
Brocco know in Russia for having almost thousand of trading tools, claiming to be ECN and many profit removals coz actually keeping all trades in house.
It's a false. Please, give the facts here, otherwise your words are nothing.

Broco is unique with it's CFD offer in Broco Trader platform, with help of which trader can trade any common futures starting with 0,01 contract sizes.
  • #16
  • Edited 1:15pm Mar 17, 2010 5:51am | Edited 1:15pm
Interesting info:
By CNET News
A U.S. federal judge has agreed to freeze the assets of a company being accused of manipulating the stocks of 38 companies listed on the Nasdaq and New York Stock Exchange via compromised trading accounts, the U.S. Securities and Exchange Commission said Tuesday.
The SEC alleges in a complaint filed in federal district court in New York on Monday that BroCo Investments and its president, Valery Maltsev, gained access to investor accounts using stolen usernames and passwords, and placed unauthorized trades through the accounts.
http://www.sec.gov/litigation/litrel...10/lr21452.htm
http://www.sec.gov/litigation/compla.../comp21452.pdf
http://blogs.fxstreet.com/francesc/2...-manipulation/

and also official statement of the President of the company:
http://www.brocompany.com/about-us/news/191.htm
  • #17
  • Mar 18, 2010 3:37pm Mar 18, 2010 3:37pm
Quoting Fulltime247
(The same reason Chinese goods stock our shelves and Russian products NEVER have - They're terrible are creating world-class products)
Are you serious?

Nothing personal.
  • #18
  • Mar 23, 2010 3:51pm Mar 23, 2010 3:51pm
Quoting mario
Interesting info:
By CNET News
A U.S. federal judge has agreed to freeze the assets of a company being accused of manipulating the stocks of 38 companies listed on the Nasdaq and New York Stock Exchange via compromised trading accounts, the U.S. Securities and Exchange Commission said Tuesday.
The SEC alleges in a complaint filed in federal district court in New York on Monday that BroCo Investments and its president, Valery Maltsev, gained access to investor accounts using stolen usernames and passwords, and placed unauthorized trades through...
Really, the case has place. But Broco is only a subbroker, they hadn't traded by themselves.
Now waiting for state judge's decition (state judge, NOT federal).
  • #19
  • May 1, 2010 9:41am May 1, 2010 9:41am
Can I still withdraw even if their account is frozen? Any advice? Thanks
  • #20
  • May 3, 2010 2:43am May 3, 2010 2:43am
i request withdrawals for from last week, but still haven't receive my money. what can i do ...?
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