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Brocompany.com (Broco)

Discussion in 'Forex Brokers' started by AsstModerator, Mar 29, 2009.

  1. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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  2. Natalie18

    Natalie18 Broco Representative

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    Broco

    Thank you!

    Here is the list of services proposed by Broco: trading using several platforms (Broco Trader, Broco Investor, Laser Trade, Strategy Runner), Strategy Exchange for automatic trading, accounts for funds Managers.

    You can start trading having deposited the lowest amount of money.

    Soon Broco will introduce updated economic calendar.

    Please address all your questions and opinions here.
     
  3. Natalie18

    Natalie18 Broco Representative

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    News

    Now one of the most facilitated electronic payment system – “MoneyBookers” – is available for Customers of “Broco”.
    “MoneyBookers” is a quite widespread payment system for international and domestic transactions. Its activity is supervised by the Financial Service Authority of the United Kingdom and is in strict compliance with the law. Now this service numbers more than 7 million of accounts.
    Today Customers of “Broco” can also enjoy advantages of “MoneyBookers”:
    • Instant processing of payments;
    • Low tariffs;
    • Availability of credit/ debit bank cards for processing;
    Application of this payment system enables trading account in “Broco” to be charged immediately, without going through the queue.
    Access to the “MoneyBookers” payment option is provided in your Personal Area. Prior to starting settlement through “MoneyBookers” you will need to register e-wallet in the “MoneyBookers” system.
     
  4. Natalie18

    Natalie18 Broco Representative

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    Cyber Trade: the contest started!

    On April 1st Cyber Trade contest started.

    Systems submitted by developers of own trading mechanical strategies will be evaluated within April; it is the first stage of the contest. 43 members from around the world submitted their automated systems. You can monitor the results of automates’ operation on–line.

    We remind that Cyber Trade contest is to be held in several stages: every calendar month trading automates submitted are trying their algorithms on demo accounts, by the end of the month a winner is determined — relying upon the maximum account balance obtained by the end of current stage. In 2010 year March "battle of winners" will be held. Its results will determine a sole winner who has the maximum account balance obtained by the end of the competition.

    In the course of Cyber Trade a trader has an opportunity to test their own Mechanical Trading System and if the results are successful — to win prizes as well as the offer to take part in "Strategy Exchange" project.

    Besides, the contest allows you not just winning but also proving how promising and efficient application of trading automates is, demonstrating your understanding of the market, essaying your powers and winning!

    Finalist of the first stage will be announced in 2009 year May 4.

    Registration for the next stage of the contest began — and will be held from April 1 to 25 of 2009 year.
     
  5. Natalie18

    Natalie18 Broco Representative

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    Stock market records the fourth consecutive week of growth

    On Friday stocks demonstrated a reversal from going down to increasing and transformed morning losses into the growth by the end of the day. Eventually NASDAQ increased for 1.2 %. 1% of growth was granted to NYSE Composite and S&P 500 indices, 0.5% - to Dow industry index. In comparison with Thursday level, NASDAQ and NYSE volume fell down for 23 % and 21 % respectively. Friday provided one more proof of the stock market’s strength. Increased number of purchases started prior to closing promoted major indices to the top of their daily range.

    The week increase of NASDAQ was 5 %, of NYSE – 4.4 %, S&P 500 - 3.3 %, and +3.1 % to Dow. S&P 600 index for small-cap companies had shot up for 6.8 %. It was the fourth consecutive week of growth for major indices. In the case of NASDAQ we see the fourth consecutive week of prominent growth. Technological index grew more than for 25% in this period being ahead of NYSE indices. The flow of positive or “better than expected” economic data conduced to a new upward trend of the stock market. Two reports of Friday morning seemed to threaten this tendency. In March employment market lost 663 000 workplaces, unemployment rate reached 8.5% and is expected to grow further.

    Unemployment rate went up to its maximum for 25 years, as Department of Labor reports. Analysts forecast that within four or five months we’ll see over 500 thousand of losses of workplaces. Unemployment rate is believed to reach its maximum - 9.5 % - in October, whereas more pessimistic forecast reports about 10% next year. 1 year before a more extended rate, including both part-time and full-time employees, grew from 9.1% to 15.6%. Department of Labor revised January report about workplaces with 86 000 growth.

    Institute of Supply Management Index – indicator of economic activity in services sector – went down to 40.8. A slight growth was expected. For the first hour of trades this data declined the market. Research in Motion (RIMM) was leading in techs shares. On the late Thursday BlackBerry manufacturer reported about quarter profit which exceeded estimations.

    RIMM increased for as much as 21 % and was the most traded stock on NASDAQ. In the meantime reserves started decline. On the contrary, golden shares such as Randgold Resources (GOLD) and Royal Gold (RGLD) sharply declined within the last days.
    Still there are a few opportunities for purchasing shares, because just a few shares formed correct basis and strong start for prices. IBD 100 demonstrated poor 0.2% of growth on Friday and just 1% within a week. Gilead Sciences (GILD) was ahead with 2.28% of increase up to 46.98 in active trading. Medicine manufacturer grew after the positive results of the last stage of clinical testing of the pressure control appliance were reported. Allegiant Travel (ALGT) declined heavily for 3.68 down to 45.42. Airline service operator reported about the pop as of 15.8 % in the year traffic. The level of return of 10-year’s Treasuries increased for 2.90 % from 2.75 % on the market of state obligations on Thursday’s closing.
     
  6. Natalie18

    Natalie18 Broco Representative

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    Stocks closed the second week of growth; Banks, retail business are the leaders

    On Thursday stock market finished shortened week by significant increase due to the optimistic forecast by Wells Fargo (WFC). NASDAQ and NYSE indices both grew for 3.9 %; S&P 500 went up with a leap for 3.8 %, and Dow index added 3.1 %. The growth flashed around the market, only four groups from 197 IBD sectors fell down. On the NYSE market the relation between advanced and declined stocks was as of 15 against 2 – due to the plenty of bank stocks and for NASDAQ this relation was as of 5 against 2. The volume of two major stocks grew; here NYSE was leading. It can be explained by huge trading volumes with Wells Fargo and Bank of America (BAC) stocks as well as with other stocks of financial sector. The mere volume of trading with BofA stocks amounted to more than 1 billion of stocks presenting solely the largest volume increase on the NYSE market. Wells Fargo surprised Wall Street having reported about preliminary profit as of 55 cents per share for the first Quarter.

    Rise of bank shares was caused by the reaction after their profound recession. Friday increase reversed the week from decline into growth. The volume decreased but it might happen because of the shortened week.
    The most positive news is that now major indices have 5 week’s raising history. The lowest indices for many years were supported by the gradually growing market at last. NASDAQ grew for 31 % against its minimum on March, 9th. NYSE grew for 29 % against its minimum on March, 6th; S&P 500 added 28 %, and Dow - 25 %.
    Here is one more sign of that economy is getting better: Retails stocks are returning as leading. Aeropostale (ARO) clothing store chain increased for 12 %. In March its comparable sales were beneath the forecast, but the company expects to earn 35 cents per share in the first quarter, much more than the forecast gives. Besides, Buckle (BKE) stocks grew for 10 %. Jos. A. Bank Clothiers (JOSB) increased for 5 % on Thursday and for 20 % on Wednesday.
     
  7. Trend Fighter

    Trend Fighter Recruit

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    Questions

    Hi there Natalie18
    Thank U very much for posting in this thread , I wish all brokers can join us here at FPA and talk openly about their services , and since U did then let's ask U some Questions:

    1- U say U provide Currnex feed back into your MT4 platform, so why don't U provide Currnex as a second platform? I'm sure that many traders will choose it over MT4

    2- Brokers who support Currnex require a high minimum deposit from us so how come U require none?

    3- what type of monitoring your regulation body (FSC) have and do they review your balance sheet , positions taken by customers…………….. ?
     
    #7 Trend Fighter, Apr 14, 2009
    Last edited: Apr 14, 2009
  8. Natalie18

    Natalie18 Broco Representative

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    Reply

    Thank you for your interest, Trend Fighter.

    Answering your questions:

    1. We provide a special platform for the interbank market - Broco Investor.

    2. True, there is no requirement for the minimal deposit, but recommended is $1000 though.

    3. The Financial Services Commission (FSC) of Mauritius is the regulator for the non-bank financial services sector
    Our reports should contain a note explaining the status of the various cells. If it is deemed necessary the Commission may request each cell to report independently. So it may request about positions.

    Regards

    N.
     
  9. Natalie18

    Natalie18 Broco Representative

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    US market review by June 26



    NASDAQ is growing, RUSSEL among other factors, made DOW decline


    By Friday's closure trading moved up because Russel composition was revised and stocks closed in a combined way against the background of increased volume.

    NASDAQ closed with 0.5% increase. S&P 500 and NYSE lost 0.1%, Dow fell down for 0.4% having shown the fourth distribution day within recent weeks.

    IBD 100 added 1.2% having gained due to major indices within the third day in succession.

    Volume grows, stocks decline due to revise of Russel indices. On the last Friday of June volume grew after it had been declining for the most part of the day. NYSE volume increased for 74% and NASDAQ volume grew for 58%. Indirect proof say that Friday's volume increase was related to Russel re-computation.

    Widely-known Russell Investments' indexes are recomputed every June. Funds related to Russel were selling or buying stocks in respect of whether they are on the index list.

    Till the last trading hour the volume of two exchanges was below an average level.

    Whereas other indexes grew, Dow fell down within 8 among 10 recent sessions.

    Three shares weight down Dow heavily and they did not relate to Russel. Boeing (BA) fell down for 18% within the last 10 sessions; General Electrics (GE) declined for 13%; and Alcoa (AA) lost 10%.

    On the last Friday of month the best growth shares grew or sharply went down in a large trading volume – almost equally.

    American Dairy (ADY) added 2.31 and reached 40.96 in triple volume.

    Valeant Pharmaceuticals (VRX), which started on Wednesday, lost 1.52 and went down to 24.66 approximately in fivefold volume.

    Hawkins (HWKN), the company of chemical branch, added 0.80 up to 22.50 in more than 14-times fold volume growth. The share was added to Russel composition.

    Within the last June days news were combined and did not influence much.

    Private income rate added 1.4%, above the forecasted rate as of 0.3%.

    Savings ratio sharply increased from 6.9% and it is the best result from 1993 year. It makes investors concern about economic slowdown.

    Though the news, which impacted stocks, was ambigious. Retail stocks, which would suffer under such a scenario, grew in general.

    According to the results of the last week of June, major indexes closed in a combined way, only NASDAQ fixed increase.

    Nevertheless, IBD 100 grew for 0.7% within the last week of month and gained against a broad market.
     
  10. search

    search Recruit

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    anyone trading live with this broker? [​IMG]
     
: brocompany

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