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Broco - Open Discussion Board





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trader

June 28, 2009

Hi, Does Broco has a regulatory body above them.

BrokerGuru

June 29, 2009

Broco is regulated by Federal Financial Markets Service - is the federal executive body that controls and supervises activity in the financial markets, including the activity of exchanges, and issues the relevant regulations in Russia.

trader

July 9, 2009

Hi BG, FaaaaAA Nntastic work Sir.

Can you comment bit more about Broco.

How the hell are they able to offer zero spread on CFD. Cuz im confused after using thier Broco Trader platform, is that futures quotes or
CFD instrument. Plus they pay back IB's 8USD back that mean that mean its only costing them 2USD per lot(if it is CFD) and if
in any case is futures then 2USD does not even covers the exchange prices. How do they pull this off, please explain cuz i fail to
reconize this.

And if their spreads are fixed then how come their in the NDD/STP/ECN section on your site.

Im thinking of acquiring a whitelabel with them they wont comment to me cuz we are already in negotiation. But it be a great help if you find out something or something extra that im missing out.


BrokerGuru

July 10, 2009

Broco spreads vary at Broco Investor and Strategy Runner package.
I'm not sure about their CFD/Futures quotes you've seen, I'll look for an additional clarification and let you know.

Update: we're talking about CFD on Futures. (http://www.brocompany.com/trading-platform/broco-trader/cfd-on-futures/)
The spread is indeed 0 pips, you only have to pay the commission.

Broco operates as a group of companies: in Russia they operate as Broco Invest, fully licensed under the Russian Federation law.
In the world they are known as Broco Investments with company address in Mauritius and a Global Business License of FSC of Mauritius (I know nothing about Mauritius regulation, but here is the link to FSC). Under sole initiative of Broco company, all client deposits are additionally insured by Russian insurance company Ingosstrakh. Broco looks transparent about their regulatory bodies and protection of client funds.

trader

August 7, 2009

Opening account - from 10 $
ECN trading platform
swap free account
funding options: bank, on-line transfer
Several trading platforms
Scalping


BrokerGuru

August 15, 2009

Broco has ECN as well as dealing desk accounts.

Broco

February 7, 2010

Also Broco give you great Partnership programm:

Broco of Companies is open to cooperation and invites you to become a Broco Partner, with an excellent opportunity for self-realization and increase in income. We are willing to cooperate with both: individuals and organizations.
What will you get from it?

It's simple! You attract customers and receive percentage on their trading activity. While Broco employees will attend to your clients.
Why Broco?
Broco — existing(ready) business in the area of brokerage services, a service that provides access to financial markets and the possibility for traders to trade. The IB-partner receives the right to participate in this business with minimal costs.
Broco — the best set of services and options, including advanced trading and state of the art platforms for trading. IB-partner gets access to all these contemporary and quality services and products, in order to manage and expand your business successfully.
Broco provides maximum opportunities and resources to trade. While not working in the financial markets, not doing technical analysis and not tracking the news affecting the quotes - IB-Partner is an excellent opportunity to regularly and consistently receive profit commission based.
Broco gives an opportunity to Partners to develop not only their customer base, but also to engage their own IB-Partners, the purpose is an enlarged business. IB-Partner can create a partner network to generate additional income from those revenues, which are three of his partner, working with a pool of customers.

SEE MORE HERE:
http://www.brocompany.com/for-partners/?br=12560

trader

February 11, 2010

Has anyone tried Broco ECN? They use broco Investor which is MT4 for the ECN. However, when i downloaded the demo, it seems that their spreads are much higher than normal ECN brokers. Take for example: EU was 1.5, GU above 2, GJ around 4....while, these are less than market maker brokers, but they certainly aint ECN spreads. Has anyone had a live experience with them?

BrokerGuru

February 11, 2010

They have 3 ECN platforms: Broco Investor, Strategy Runner and Currenex.
Broco Investor is the one which is connected to MT4, but I dont' have an account with them to comment on spreads.
A feedback from Broco traders is welcome!



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