WARNING: Broco's licenses from the Mauritius FSC were suspended on December 7, 2010. On October 21, 2011, those licenses were revoked and Broco was ordered to disolve its business in Mauritius. The revoked licenses continued to be displayed on Broco's website until May of 2012.
June 2012 UPDATE: Broco now has one branch licensed in Panama. Clients wishing to have their funds under this branch need to contact Broco to make arrangements. Click here for more details.
July 2012 Update: There are two FPA Traders Court guilty verdicts against Broco. The FPA recommends EXTREME CAUTION dealing with Broco.
The FPA has seen information that indicates that Broco's application for a Cysec license was rejected in July 2010. One of the reasons for this rejection was an open SEC case against the company and some of its shareholders. The SEC case info is at...
July 2014: Broco's website us back up. The FPA recommends EXTREME CAUTION dealing with this company.
July 26, 2012: The FPA has recieved information indicating that Broco is shutting down.