Below we tried to collect answers for frequent questions from your side.
- Why is Meta Trader 5 off?
Trial period of MT5 is over. We will notify clients when the platform runs again. Currently you can conduct your trading using Meta Trader 4 (Broco Trader).
- How can I view MCX data?
In demo account you can only access Gold and Aluminum contract. To watch a full range of contracts, you need to open live account. Please pay attention: Broco is not chart providing company. Therefore we welcome traders and recommend you classic account to enjoy commodities trading in full.
- What is the procedure to open account in India?
- What is the difference between mini and classic account?
Classic account provides more options for trader and has no limitations in trading process. More details can be found in the table of comparison.
- What is the minimum deposit?
Minimum deposit for mini account is 25$. It is desirable that you conduct trading on your mini account. If your account is inactive within the month and you keep invested amount under 50$, it may be deactivated.
Minimum deposit for classic account is 500$.
- How can I pay?
- Which bank can you advise for depositing?
In India – AXIS, ICICI, HDFC banks.
As for correspondent and intermediary banks, we advise you following options:
Intermediary bank: JP Morgan Chase bank SWIFT: CHASUS33
Bank correspondent: Promsvyazbank SWIFT: PRMSRUMM
as well as banks partnering with our beneficiary bank in the US:
JP Morgan Chase bank SWIFT: CHASUS33
Deutsch Bank Trust Company SWIFT:BKTRUS33,
Standart Chartered Bank SWIFT:SCBLUS33,
The Bank of New Yourk Mellon SWIFT:IRVTUS33,
Wells Fargo Bank SWIFT: PNBPUS3NNYC
- What is brokerage commission for trading?
Commission per CFD lot of MCX commodity is 10$ (both sides). Commission for 0.01 CFD lot is 0.1$. Please pay attention that under the terms of promotion till February 29 commission per 1 lot of commodity is $5.
- Is there any charge for opening account with Broco?
Opening account with Broco is free of charge.
- Which exposure do you provide?
We do not provide exposure (leverage) for commodities trading. Trading leverage is set only for forex trading.
For classic account it is 1:200.
For mini account it is 1:500.
- Do you have office in India?
We do not have office in India. Broco has Representatives in India. You can address your questions to Mr. Sahoo, Fortune Hunters Managed. Phone number: +91 986 127 5776, E-mail: [email protected], Location: India, Orissa.
- Can I log in from different machines at the same time?
No, only one computer can be used at the same time.
- How can we contact you?
E-mail: [email protected] Phone: + 7 812 334 78 22 (ext. 1066)
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