Broco Clients will get more opportunities and comfortable trading conditions. On February 22nd, 2010 all the trading instruments of the Broco Investor trading platform will be transferred to the Broco Trader Platform.
The new registration for the Broco Investor platform will be closed since that moment.
The Broco Investor trading platform allows users to trade Forex; there are thirty-nine currency pairs available for traders. Effective on February 22nd all of these instruments will be available in the Broco Trader and will form a separate group of instruments named Forex FX (the minimal lot size for Forex FX is 0.1 in any account currency). The main characteristic for this group is a floating spread. At the same time currency pairs with a fixed spread will still be available in the Broco Trader platform under the Forex group of instruments.
"Transfer of instruments from the Broco Investor to the universal Broco Trader platform seems to us to be a logical process purposed to make the Clients’ trading easier and more comfortable and to improve the Company’s efficiency. The Broco Investor has a limited list of instruments available for trading so this transfer will make the Broco Trader platform even more attractive as the number of trading instruments will be increased and the Client will be able to trade Forex instruments with both fixed and floating spread using the same account", says Ruslan Smirnov, CEO of Broco.
For those Clients working with the Broco Investor trading platform there will be no revolution caused with this transfer — all accounts numbers, passwords, orders history and opened positions will be transferred to the Broco Trader as well. Trading conditions will stay the same, and all of Broco Trader trading instruments will become available for these Clients. The stop-out level will be 70% (as this is the level applicable for the Broco Trader platform). For the Broco Investor Clients this means positive changes as the new stop-out level is more loyal allowing traders to be in the market longer. Opening of new PAMM-accounts will be paused till the end of February, but all of existing PAMM-accounts opened in the Broco Investor and Broco Trader platforms will operate in a usual mode. Trading using the Broco Investor will be possible till the end of March, and after that moment Clients will have to either install the Broco Trader platform or specify the Broco Trader server IP-address (87.239.186.19) in the Broco Investor settings.
There will be some changes due to the transfer of instruments. Spread for the following currency pairs will be increased for 40% and an overnight swap charge will be changed from 0.25% to 0.5%: AUDJPY, AUDSEK, AUDSGD, CHFNOK, CHFSGD, EURCHF, EURNOK, GBPCAD, GBPNOK, GBPSEK, NZDGBP, NZDUSD, SGDJPY, USDCAD, USDHKD, USDNOK, USDSEK, USDSGD, USDZAR, XAG. But traders can choose to trade these currency pairs using a floating spread which can be sometimes even more profitable than using a fixed spread.
