Is BossCapital A Good Or Bad Binary Options Broker

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Boss Capital

Boss Capital are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

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Boss Capital Review – Archive

Boss Capital is one of the newest brokers on the market. This broker was founded in 2020 and is headquartered in Gibraltar. The broker is built on the Tech Financials platform and offers a decent trading package. This isn’t the best broker I have ever seen but it isn’t the worst either. They have a decent asset list, good options, adequate expiry and decent terms but no one feature that makes this a must-use broker. On the bright side it is a good choice for us U.S. based traders who are having our options, no pun intended, dwindle. If you are not familiar with Tech Financials it is one of the leading providers of binary options platform solutions and white label brokerages.

Banking

Boss Capital utilizes the Swiss banking system. Your deposits are held by BSI Bank Zürich. The minimum deposit is only $200 and can be made by wire or credit card. There are 5 account levels with different benefits for each. The basic account is good but as you move up you can get faster withdrawals among other account specific benefits. In order to make a withdrawal you will have to complete the ID requirements and submit a request. The terms of use state without question that all withdrawals will be paid within 7 business days. The 7 day payout period is for the standard account only. The next tier up, with a balance up to $5,000, has faster withdrawals and starting at the next tier, over $5,000, withdrawals are same day. There is one free withdrawal allowed per month, as you move up the account tier the fee gets waived.

Bonuses are available from Boss Capital. The standard account is eligible for a 30% bonus with that amount growing as your initial deposit grows. Executive accounts, over $5,000, can get a bonus over 50%. The trade minimum is 30X the bonus amount and this must be met before you can make any type of withdrawal. This is pretty standard for the industry and one of the reasons why I don’t recommend bonuses as a rule.

Platform

Boss Capital uses the Tech Financials platform. It is one of the leading platforms but I don’t like it as much as some others like SpotOption and even proprietary platforms like Anyoption. However, it is not all bad. Mostly what I don’t like is the look and the lay out. It’s a little busy and not quite user friendly, at least when compared to other top brokers. Moving past may aesthetic criticisms lets look at what the platform has to offer. The asset list is quite large and when I checked for live trading most were available. There are over 200 in total with more than 25 indices, a dozen currency pairs, 8 commodities, 14 pairs trading and over 100 stocks. The indices include all the major U.S., EU and Asia-Pacific indices and things like Bombay, Dubai and Moscow. Currency pairs include all the most heavily traded currencies and Bitcoins. The commodities include gold, silver, copper, platinum and coffee, wheat and sugar.

BossCapital has good options as well. There are the standard high/low digital trade but in addition to that they have Above/Below to. There are also Boundary, One Touch and Short Term trading. Above/Below trading has a strike price set by the broker and then you trade on whether or not the asset will close higher or lower than that strike. This is a great way to trade because it means there are time whenyou can buy a position that is already in the money. The Boundary trading has in and out of boundary options and the Touch trading has touch/no touch options. Short Term is where you will find the 30, 60 and 120 second binary options.

Expiry is pretty good too. It’s not the best but it is above average. Short Term expiry is as I said; 30,60 or 120 seconds. After that there are at least 1 if not 2 or 3 intra-day expiry’s as well as end of the week and end of the month. Not all expiry are available for all assets, the most heavily traded will have the most expiry’s. Payouts run in the 75%-85% range on most binary trades. One Touch and Range options pay more. Some one touch options can pay as much as 350%. Depending on which account level you are you may be able to get higher payouts. The VIP accounts will get 89% payout on all winning binary trades.

Extras

There are not too many extra’s here. BossCapital has an early closure feature available for some trades but that it not so special anymore. Their banking system is good. I like the way they reward traders for having higher balances. The standard account is OK when compared to the average broker but the services get much better as your account grows.

7 Binary Options

UPDATE (12.02.2020):

We have found out that Boss Capital has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

Best Binary Options Brokers: 2020 Ranking
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Old Review:

Boss Capital is one of the most recently launched binary options brokers on the market. However, it has already established itself among the most elite platforms in the industry. Traders are provided with the latest in online trading technology and are offered a highly secure and profitable trading experience.

In reviewing Boss Capital, we found that it gives excellent choice to its customers, with almost 200 assets available to trade with. We found its customer care services to be particularly noteworthy, offering assistance in ten different languages. This explains Boss Capital’s rapidly growing global customer base, which has been a driving force in its expansion.

We are confident that Boss Capital is well equipped to aid investors in maximizing their full profit potential. We found trading on their website to be highly straightforward and ideal for both beginners and seasoned traders alike.

The platform had also:

  • very accessible design
  • a user-friendly interface
  • simple trading process.
  • Boss Capital’s skilled team always on hand to offer expert advice
  • a vast array of educational resources to help traders get the most out of their account

Not too bad, I would say.

Basic information:

Online since: 2020
Jurisdiction: Gibraltar
Software: SpotOption
Max Returns: 85%
Minimum Deposit: $200
Minimum Investment: $10
Maximum Investment: $7500
Currencies: USD, AUD, CAD, EUR, GBP, Yen, RUB
Mobile: Yes
Countries: All nations excl. USA

– Excellent returns
– Good deposit bonus
– Over 200 tradable assets
– Low minimum investment

– Education center could be better

7 Binary Options Rating:

Account types

In our review of Boss Capital, we explored what each account package had to offer:

  1. Standard Account – Standard Account holders only need to deposit $200 to start trading and receive access to all of the basic trading features. This account is ideal for those new to binary options trading who wish to benefit from Boss Capital’s free educational resources
  2. Bronze Account – With the Bronze Account traders are granted a 20% welcome bonus and receive greater access to trading webinars and a dedicated account manager. We feel that this account is ideal for beginners who have already gained a firm grounding in binary options trading and have a good knowledge of the market.
  3. Silver Account – The Silver Account offers an even greater welcome bonus of 40%, access to informative webinars, expedited withdrawals and 2 risk-free trades. This account package is aimed towards investors who have a particular interest in refining their trading strategies.
  4. Gold Account – Gold Account members are awarded a significantly larger bonus upon signing up of 65%, access to exclusive online webinars and a personal account manager. Furthermore, Gold Account holders benefit from 5 risk-free trades and up to 80% fixed increased payout. This account is perfect for skilled traders.
  5. VIP Account – The VIP Account is the most exclusive package available, requiring a deposit of $100,000. We were particularly impressed by the host of elite and unrivaled benefits available for exclusive account holders. To learn more about the advantages available to Boss Capital’s elite customers, it is recommended to contact their Corporate Division.

Deposit Methods and Withdrawals

Boss Capital enables traders to deposit their funds securely via the following:

  • Visa,
  • MasterCard
  • wire transfer
  • electronic payments

The minimum deposit is $200 and investors can choose from Standard, Bronze, Silver, Gold and VIP account packages which offer an escalating number of perks and benefits. Account holders receive a generous welcome bonus and access to their own personal analyst and a range of trading webinars.

Screenshot

Customer Service

Boss Capital offers exceptional customer service which is available 24/7 to all of its clients. We found their customer support team to be highly knowledgeable and were particularly impressed to learn that support is offered in 10 different languages.

Traders are able to contact customer support via email, live chat and phone, with the added perk of a range of international toll-free numbers.

Conclusion/Summary

As a broker that is also used by many binary option robots, Boss Capital offers traders unparalleled service, a rich selection of tradable assets, numerous account packages, exceptional customer care and one of the most advanced educational academies in the industry. We are confident that both newcomers and advanced traders alike will greatly benefit from choosing Boss Capital as their binary option trading broker.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Russian, German, Portuguese, Greek, Spanish, Japanese, Arabic, Italian, French
Trading Options: High/Low, Touch/No Touch, Boundary, 60 Second Trades
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: daily, hourly, 15 minute, 60 second, weekly, monthly, end of the year
Deposits and Withdrawals: Visa, MasterCard, wire transfer, electronic payment
Withdrawal Time: 2 business days
Demo account: Yes

7 Binary Options review: Boss Capital : 4,5 stars.

Is bosscapital a good or bad binary options broker

Written by on March 12, 2020

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Best Binary Options Brokers: 2020 Ranking
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