Of the many binary options brokers now on the market, Boss Capital is one of the newest entrants. Based in Gibraltar, the company was founded in 2014 by a number of traders with a view to becoming one of the leading providers of binary options in the industry.
The binary platform provided offers nearly 200 different assets for trading and a wide range of different contracts and expiry times.
Boss Capital focuses heavily on support for its traders in its literature. It offers a wide range of educational resources as well as a number of contact options to provide support to its traders around the clock.
Telephone: Over 50 regional support numbers
Trading Platform: Tech Financials
Demo Account: No
Minimum Opening Deposit: $200
Minimum Trade Amount: $10
Profitability / Rebate: Up to 80%
Account Holding Deposit: USD, EUR, GBP, AUD, CAD, RUB or JPY
Deposit Options: Credit/ Debit Card, WireTransfer, Electronic Payment
Accepting US Traders: Yes
Boss Capital offers a solution based around the Tech Financials trading platform. This is one of the industry’s most respected platforms. It offers a wide range of features for the serious trader in addition to generally good reliability.
The Asset list on the Tech Financials platform tends to be good and this broker does not disappoint on this score. There are a wide range of different Assets available to trade and as a result you won’t be short of opportunities. In total you can choose from nearly two hundred different assets. This seems like enough to satisfy even the most demanding trader. Asset classes include Stocks, Commodities and Currency pairs.
Payouts on the contracts vary as is to be expected. The higher returns tend to be on the more exotic contracts. For example you get the opportunity to earn as much as 350% on some of the Touch option contracts offered. More typically on a vanilla binary options you can earn between 75-85% which is at the higher end of returns paid out by brokers. VIP account holders can receive even higher returns of up to 89% on their contracts.
- Call/Put – Trade and profit if you can predict if the price of an asset will move higher or lower by expiry.
- Touch – The Touch/ No Touch trade pays out if you predict a price level that is ‘touched’ or ‘not touched’ before the expiry of the contract.
- Boundary – The Boundary range allows you to specify if the price will end in or out of a specified range.
- Short Term – You can trade with short term contract expiry times from just 30, 60 or 120 seconds.
As of yet Boss Capital mobile apps are not available. It is expected that an iPhone trading app should be available on the App Store in the near future. An Android based app is also scheduled for release on Google Play in the near future.
Offering a range of different accounts the Boss Capital minimum deposit will vary depending on which account level you choose.
Each account offers a greater number of trading features and benefits. The bespoke VIP account is the highest level account for clients depositing $100,000+.
The account levels are:
- Standard – Minimum deposit level $200. The standard account is a ‘no frills trading account. You get access to the full range of contacts and all standard features plus a 20% welcome
- Bronze – Minimum deposit level $1000. In addition the standard account traders also gain access to a range of trading webinars and a personal assistant.
- Silver- Minimum deposit level $4000. In addition to the features available on the Bronze account clients get a 40% bonus, access to faster withdrawals and 2 risk free trades.
- Gold – Minimum deposit level $5000. Building on the features of the Silver account, clients get a 65% bonus, same day withdraws, 5 risk free trades, 24/VIP support and increased payouts.
You can also choose to open a ‘no frills’ Standard trading account if you don’t require any of the higher level account features. The minimum deposit to start trading is 200 USD, EUR, GBP, AUD, CAD, RUB or 20,000 JPY
Once you have registered an account you can choose from a number of different ways to deposit funds into your account. Acceptable deposit methods include credit or debit card, electronic payment and wire transfer.
Boss Capital Withdrawal
All account levels receive the first withdrawal free each calendar month. Subsequent requests attract a $30 processing fee. The exception to this are some of the higher level accounts. For these every withdrawal is free and also processed the same day.
New traders to Boss Capital will find quite a lot of useful educational material available on the website. These include a downloadable eBook and online ‘Trading Academy’ in addition to a series of video based webinars.
The highlight are the webinars. These take you through the basics of binary options trading and offer some advanced trading tips. These include some basic trading strategies. The webinar on Financial capital management will prove particularly useful for new traders.
Getting in contact with the broker shouldn’t cause any real problems. A variety of contact mechanisms are on offer and support is generally responsive. In addition to online live chat a dedicated email address is supplied. There are also over 50 regional telephone numbers. The website however is currently only available in English and Chinese.
Boss Capital Deposit Bonus
The Boss Capital bonus is tiered and so is dependent upon the account opened. For traders opening a higher level of account, a higher bonus can be earned. The bonus takes the form of a monetary bonus ranging from 20% to 100% of the amount deposited. Another upside is that risk free trades are also offered on higher account levels.
Each bonus is subject to terms and conditions and consequently promotions change all the time. Therefore be sure to check at the time of opening to ensure you get the best bonus.
Dow Future, FTSE 100, Straits Times, KL Future, ASX, SSE180, Bombay SE, Kuwait, Qatar, EGX 30, Tadawul, MSM 30 , DAX, Nasdaq Future, S&P Future, SSE180, Hang Seng, Nasdaq, S&P 500. DOW
AUD/CHF, USD/SEK, NZD/ JPY, EUR/ SEK, BitCOIN/USD, AUD/NZD, NZD.USD, GBP/CHF, CAD/JPY, AUD/JPY, GBP/JPY, USD/ZAR, USD/SGD, AUD/USD, USD/CHF, USD/RUB, USD/BRL, USD/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD, EUR/USD
Gold, Coffee, Corn, Oil, Platinum, Silver, Sugar, Wheat
Deutsche Telecom, Facebook, Total, Paris Telecom, Tesco, BNP Paribas, Unilever, General Motors, Las Vegas Sands, Disney, JP Morgan Chase, Groupon, Exxon Mobil, Goldman Sachs, Caterpillar, McDonalds, Fiat, Petrobras, Netflix, Mastercard, Bidu, Dell, IBM, AIG, Linkedin, Barclays, Amazon, Straits Times, Turkcell, Tata Motors, Reuters, BAE Systems, Rolls Royce, HSBC, Coca Cola, Sberbank, Lukoil, Google, BP, Gazprom, Nike, Apple, Citi
Boss Capital Review Verdict
- Huge range of assets available to trade on most contracts
- Noteworthly example of a Tech Financials platform broker
- Accepts US clients hence an option for US traders
- Mobile trading facility not yet available – it is expected soon