Boss Capital Binary Options Broker Review

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Boss Capital Review

Overview

Boss Capital was established as a way for experienced binary options traders to invest in binary options on a platform that is easy to use and with numerous binary options tools.

Details

Broker Boss Capital
Website URL www.bosscapital.com
Founded 2020
Headquarters Cavell House Stannard Place,crispins Rd, Norwich, NR3 1YE, United Kingdom
Free Demo Account
US Traders Allowed
Overall Score

Full Review

The platform is easy to navigate for new traders, with a straightforward design, and has the highest safety for users in mind, with a SSL protocol, used on all pages. The site offers those, who deposit funds, the opportunity to set up a demo account, which can allow users to become familiar with how trading on the platform feels without risking their initial deposit.

The site also helps novice users to gain confidence, as it features a trading academy, with an e-book and video courses, to learn strategies and tips, in addition to a daily market news section, to keep you in the loop with market trends. The account holders may also partake in webinars to improve their trading strategies.

Deposits and withdrawals

Boss Capital does not charge users fees, and the accounts can be opened in a number of currencies, including US dollars, euros, pounds, yen, rubles, Canadian and Australian dollars. It’s easy to get started because users can fund their accounts via Visa and MasterCard credit cards and there is also the option to make a wire transfer. The minimum deposit is $200 and the minimum trade is $10, which opens the platform up to users of all budget ranges.

Once a user has racked up some profit from trading making a withdrawal is easy and can be requested at any time. Users can begin the process by logging into their trading accounts and completing a withdrawal request or by contacting their personal account manager. Users then submit the requested documents, which will be verified by Boss Capital’s accounting department, and then returned via the trader’s original chosen method of deposit, which can take 5-7 business days.

Commitment to safety and support

After interrogating the attentive support team, and pored over the internet reading copious online comments and reviews the evidence suggests Boss Capital is committed to creating a user-friendly and safe environment for trading. Boss Capital prides itself on being a law-abiding business, and as such, they are committed to the privacy of its users, by never storing any credit card information and encrypting personal information.

Boss Capital is also committed to offering users all kinds of support, and staff is a 24/7 support team, who are friendly, knowledgeable, and always available via phone, email or LiveChat. Among the team 8 languages are spoken including English, French, German, Dutch, Spanish, Russian, Arabic and Italian.

If we find complaints about Boss Capital, we will post it on social media. Follow us to be well informed:

Accounts and bonuses

Upon signing up for an account or making a new deposit users can benefit from bonuses. Boss Capital offers a number of account packages, with exclusive features, which vary according to your initial balance. They range from the mini, starting at $500, to the platinum starting at $25,000.

The Mini account offers a 25% bonus; the $1000 Starter account offers a 30% bonus, and the $5000 Silver account grants users a 50% bonus. High rolling account packages, such as the $10,000 Gold account and the $25,000 Platinum account, offer 75% and 100% respectively. Bonuses can be arranged by speaking with a personal account manager.

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Summary

On Boss Capital’s website a platform with a variety of exciting tools and assets was found. This broker boasts excellent support for its users and features an offering easy for beginners to dive into, while also offering something for more experienced ones. They reward great return rates and have prominent bonuses on hand. All these efforts result in a pleasurable and secure trading experience.

Reviews

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Let’s check out all of the features of Boss Capital in our in-depth review

For binary options traders looking for a reliable broker which offers minimal fees, a variety of trade types, and flexible features and benefits for large and small account sizes, Boss Capital is a website worth considering.

Boss Capital Company Information

Boss Capital has been in operation since 2020. While there are some brokers which have been around for longer, Boss Capital has managed to build up quite a stellar reputation within just a few short years. The company which owns and operates the site is Melnic Group Ltd., located in Bulgaria.

What Makes Trading at Boss Capital Different

A lot of competing websites which offer binary options trading set high fees for withdrawals, or only offer High/Low trades. Boss Capital has a far friendlier fee structure, and gives you the chance to profit through multiple trades types. This site also provides you with plenty of extra resources and tools to get the most out of your trading.

Assets Available

Indices: DOW Future, FTSE 100, Straits Times, KL Future, ASX, SSE180, Bombay SE, KUWAIT, QATAR, EGX 30, TADWUL, MSM 30, DAX, NASDAQ Future, S&P Future, Hang Seng, DUBAI, MICEX 10, ISE 30, NASDAQ, S&P 500, DOW.

Stocks: Deutsche Telcom, Facebook, Total, Paris Telecom, Tesco, BNP Paribas, Unilever, General Motors, Las Vegas Sands, Disney, JP Morgan Chase, Groupon, Exxon Mobil, Goldman Sachs, Caterpillar, McDonald’s, Fiat, Petrobras, Netflix, Mastercard, Baidu, Dell, IBM, AIG, LinkedIn, Barclays, Amazon, Straits Times, Turkcell, Tata Motors, Reuters, BAE Systems, Rolls Royce, HSBC Holdings, Coca Cola, Sberbank, Lukoil, Google, BP, Gazprom, Nike, Apple, CITI.

Pairs: RIO T. vs. BHP B., FTSE F vs. CAC F, Gold vs. Oil, BMW vs. Daimler, BMW vs. Renault, Vodafone vs. Orange, Amazon vs. Ebay, Google vs. Baidu, Facebook vs. Twitter, LinkedIn vs. Twitter, McDonald’s vs. Starbucks, Amazon vs. Netflix, SSE 180 VS SHENZHEN 300, RIO-AU VS BHP-AU, Gold vs. EUR.

Currencies: AUD/CHF, USD/SEK, NZD/JPY, EUR/SEK, BTC/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.

Commodities: Gold, Coffee, Corn, Oil, Silver, Platinum, Wheat, Sugar.

Does Boss Capital Offer Bonuses?

Boss Capital does offer match bonuses on deposits, but you also have the option of accepting trading insurance to cover losses up to a certain percentage of your deposited amount. This flexibility is excellent; many other sites only offer match bonuses! Read the next section to find out about bonus amounts.

Boss Capital Trading Accounts

If you are going to open an account on Boss Capital, you can open any of the following account types:

  • Beginner: Deposit $200-$5,000, no bonus ($200 is the minimum deposit).
  • Semi Educational: Deposit $5,000-$25,000, receive a 50% match bonus or 25% trading insurance.
  • Full Educational: Deposit $25,000-$50,000, receive a 75% match bonus or 50% trading insurance.
  • Semi Advanced: Deposit $50,000-$100,000, receive a 100% match bonus or 75% trading insurance.
  • Full Advanced: Deposit $100,000+, receive a 100% match bonus or 100% trading insurance.

Keep in mind you cannot claim both the match bonus and trading insurance, as the total amount of the bonus you receive cannot exceed 100% of the amount you are depositing.

Boss Capital also offers demo accounts. Unfortunately, these are severely restricted. If you are depositing $2,000, you only get 3 days to practice. You can get a week if you deposit $5,000, 30 days if you deposit $10,000, or unlimited demo testing if you deposit $25,000 or more. I strongly recommend you find a way to demo test somewhere else before you risk your own money.

“Each of these account tiers comes with a range of benefits. Even with a beginner account, the benefits are pretty nice; you get free 24/7 support, an eBook, educational videos, market reviews sent out weekly to your inbox, and starter webinars. You also get an account manager for 1 month.”

At the next level up, you can add on strategy webinars, 2 academy sessions, 3 months with the account manager, and daily market reviews. A tier above that, you get the account manager for 6 months, and you can take advantage of 5 academy sessions. At the Semi Advanced tier, the account manager is there to help you for a whole year, and you receive 10 academy sessions. At the highest tier, you get a lifetime account manager as well as unlimited academy sessions.

Mobile Trading on Boss Capital

There is an app available right now for trading on Boss Capital on Android devices. As of yet, I see no app for iOS devices, but I have read that one is on its way soon.

Boss Capital Deposits and Withdrawals

You can deposit on Boss Capital using a credit or debit card or wire transfer. The following currencies are available: USD EUR, GBP, AUD and CAD. The minimum deposit via credit card is $200, while it is $500 with a wire transfer. The same methods can be used to withdraw after you provide verification of your identity.

Boss Capital charges $30 processing fees for wire transfer withdrawals—this is the standard industry-wide. For credit card however, there are no fees. Considering the hefty withdrawal fees charged by many competitors, this is nothing short of excellent. The company blatantly states in the FAQ, “There are absolutely no hidden fees or extra charges.”

There are minimum and maximum withdrawal thresholds. The minimum is $100 for wire transfer, but only $10 for credit card. This is again awesome, since many sites set a $100 minimum for all withdrawals. The maximum is set at $2,000 per week. While that might be a tad restrictive for some traders with larger accounts, my guess would be that if that is you, customer service would be willing to work with you. For most traders, it should not be an issue.

Boss Capital Trading Platform

Last I checked, Boss Capital was powered by Tradesmarter. When you load the platform, you will discover it is very easy to use, and that you can see at a glance where everything is. On the left, you can pick an asset as well as a trade type: Call/Put, One Touch, Boundary or Short Term. On the right, you can view your graph and place your order. Open trades and trade history are displayed below that.

Here is what I like about the trading platform:

  • On the trading ticket, a simple question is posed. For example, if I click on a EUR/USD Call/Put option, the platform asks me, “Will the EUR/USD at 11:15 close Higher or Lower than the current price?” This language makes trading easy to understand even for complete beginners.
  • A nice variety of trade types are available, including Boundary, one of my very favorite types of binary options trades. Boundary trading is unique, since it gives you the chance to make money even when the market is sitting flat and doing nothing.

All in all, I think the Boss Capital platform and trading features are great. You will find few other binary platforms which are this user-friendly and well-designed.

Customer Support on Boss Capital

I actually have had several experiences dealing with Boss Capital’s support team over the years. The most recent one wasn’t so great—the live chat feature on the website is (as of the time of this review) broken. I think though this will probably be remedied quickly, because in the past, my experiences with the team were great. The wait time before an agent staffs the desk is usually very brief, and the agents themselves are friendly and helpful.

Trading Features and Resources on Boss Capital

  • The minimum trade size is $10 USD while the maximum trade size is $7,500 USD. This is a huge range, suitable for traders with very large and very small accounts.
  • There are many educational resources offered through Boss Capital, especially at the upper account tiers.
  • Advanced charting is offered with indicators, trend lines, and other tools to help you understand what is going on in the markets so you can plan your trades.
  • You can use “Sell Your Options” to exit trades early.

Verdict

Boss Capital was designed with the novice trader in mind. The simplicity of the trading platform coupled with an abundance of resources makes this a great site for beginners. Nonetheless, the high maximum trade ceiling and the functionality of the platform make it an excellent broker for advanced traders as well.

Pros:

  • The investment size range is non-restrictive and therefore suitable no matter how large or small your account might be.
  • The customer service team is fast, friendly and helpful.
  • There are very few fees, even for withdrawals, and the minimum withdrawal threshold is low.
  • The trading platform is amazingly user-friendly.
  • You get to choose the type of bonus you prefer.
  • Multiple types of trades are offered.
  • Ample educational resources are offered.
  • Early trade is available.

Cons:

  • The demo accounts are too restrictive to actually be useful for most traders.
  • A lot of the extra benefits and features only are available if you have a significant sum of money to deposit. Those opening basic accounts with the minimum deposit will not be able to take full advantage of all these extras.
  • Is Boss Capital a scam?

No. Even though this broker is unregulated, they are well-established, have excellent reviews, and offer friendly terms of service. Whereas a lot of competing sites are out to get your money through excessive fees, Boss Capital has made it possible to withdraw your money anytime with no fees via credit or debit card.

  • How can I get started trading on Boss Capital?

In the upper right-hand corner of the homepage, look for the yellow button which says “Open Account.” Click on it. This will take you to a page where you can fill out your basic personal information on the left and your account information on the right. Choose your account currency and set your password, and then click, “Open Account.” You can then make your first deposit and start trading.

  • Who should consider trading on Boss Capital?

Anyone! I think this site is ideal for total beginners because it is so easy to use, but intermediate and advanced traders will appreciate the streamlined platform and the extra features and benefits too. And being able to say goodbye to withdrawal fees is awesome all around!

Boss Capital Review

Boss Capital

Broker Boss Capital
US Traders Accepted
Company Name ALTIVEX Ltd.
Headquarters Gibraltar
Regulation No
Bonus Type Welcome bonus
Bonus Size 65%
Max Payout 85%
Out-of-Money Reward 0-15%
Trading Platform TechFinancials
Early Closure
Deposit Options Credit cards, wire transfer, CashU, Neteller
Deposit Currencies US Dollar, Euro, British Pound, Japanese Yen, Australian Dollar, Canadian Dollar, Russian Ruble
Minimum Deposit $200
Minimum Trade $10
Maximum Trade $7,500
Online Since 2020
Trading Instruments Currencies:
AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, BitCOIN/USD, CAD/JPY, EUR/GBP, EUR/JPY, EUR/SEK, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/BRL, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR
Commodities:
COFFEE, CORN, GOLD, OIL, PLATINUM, SILVER, SUGAR, WHEAT
Indices:
ASX (Australia), BOMBAY SE, BOMBAY SE, DAX (GERMANY), DOW (US – DOW JONES INDUSTRIAL AVERAGE), DOW FUTURE, DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX), EGX 30 (EGYPT), EGX 30 (EGYPT), FTSE 100 (U.K), HANG SENG (HONG KONG), ISE 30 (ISTANBUL STOCK EXCHANGE), KL Future, KUWAIT (KUWAIT GENERAL INDEX), MICEX 10 (MOSCOW INTERBANK EXCHANGE), MSM 30 (OMAN), NASDAQ (US), NASDAQ FUTURE (US – NASDAQ 100 FUTURE), QATAR (DSM20), QATAR (DSM20), S&P 500 (US), S&P FUTURE (US S&P 500 FUTURE), SSE180 (SHANGHAI STOCK EXCHANGE), SSE180 (SHANGHAI STOCK EXCHANGE), Straits Times, TADWUL (SAUDI STOCK EXCHANGE)
Pairs:
AMAZON VS EBAY, AMAZON VS NETFLIX, BMW VS DAIMLER, BMW VS RENAULT, FACEBOOK VS TWITTER, FTSE F VS CAC F, GOLD VS EURO, GOLD VS OIL, GOOGLE VS BAIDU, LINKEDIN VS TWITTER, McDONALD’S VS STARBUCKS, RIO-AU VS BHP-AU, SSE 180 VS SHENZHEN 300, VODAFONE VS ORANGE
Stocks:
AIG, AMAZON, APPLE (US), BAE SYSTEMS (LONDON), BARCLAYS, BIDU, BNP PARIBAS, BP (BRITISH PETROLEUM), CATERPILLAR, CITI (US – CITIGROUP), COCA COLA (US), DELL, DEUTSCHE TELCOM, DISNEY, EXXON MOBIL, FACEBOOK, FIAT, GAZPROM (RUSSIA), GENERAL MOTORS, GOLDMAN SACHS, GOOGLE (US), GROUPON, HSBC HOLDINGS (LONDON), IBM, JP MORGAN CHASE, LAS VEGAS SANDS, LINKEDIN, LUKOIL (RUSSIA), MASTERCARD, MCDONALDS, NETFLIX, NIKE (US), PARIS TELECOM, PETROBRAS, REUTERS (US THOMSON REUTERS), RIO T. VS. BHP B., ROLLS ROYCE (LONDON), SBERBANK (RUSSIA), STRAITS TIMES, TATA MOTORS (INDIA), TESCO, TOTAL, TURKCELL (TURKEY), UNILEVER
Number of Trading Instruments 105
Binary Option Types High/Low, Touch/No Touch, Boundary, 30-60 Second, Pairs
Customer Support Types Toll free phone, email, live chat, paper mail. 24/7 service only available at higher account tiers.
Education Offered Personal analyst, trading webinars, glossary, FAQ, how-to pages, eBook, news, training articles
Tools Offered Early closure, rollover, double up
Commission Withdrawal fees of $30 after the first withdrawal of the month (fee goes away at higher account tiers). $30 fee for wire transfers. $100 minimum withdrawal threshold.
Languages English, Japanese
Demo Account No

Boss Capital is a binary options site operated by ALTIVEX Ltd., a company based in Gibraltar (apparently connected to the company that runs Redwood Options). While Boss Capital only opened its doors this year, the site appears to be well on its way to offering great service to customers. They already have far more features and a better organized site design than many brokers that have been around since 2020 and before. Their customer service desk was prompt and helpful. This up-and-coming broker is definitely going to be worth keeping an eye in the coming years. Best of all, they are open to customers in the USA. (Unfortunately, they have stopped accepting US customers since June 2, 2020.)

Boss Capital Account Packages

Getting started on Boss Capital only takes minutes. The initial deposit to trade on the site is $200, and customers can open accounts in US Dollars, British Pounds, Japanese Yen, Australian Dollars, Canadian Dollars, and Russian Rubles. Deposit options include debit or credit card, wire transfer, Neteller and CashU. For customers who are able to deposit more, Boss Capital has a series of account tiers.

Bronze. This account package is available to customers depositing $1,000 or more. There is a 20% welcome bonus.
Silver. This account package is available to customers who deposit $4,000 or more, and includes a match bonus of 40%. Withdrawals at this level are expedited, and two risk-free trades are included.
Gold. If you deposit $5,000 or more, you are eligible for the Gold package, which includes a 65% welcome bonus, same day withdrawals, and five risk-free trades. With this package, you can also get fixed increase payouts up to 80%, and 24/7 customer support.
VIP Account. This account includes all the features available at the other three levels plus more, and is available if you deposit $100,000 or more. For details on this type of account, you need to contact the company directly.

Withdrawal terms are a bit restrictive. Only one free withdrawal is allowed per month unless you are at one of the upper account tiers, after which you must pay $30 per withdrawal. At the upper tiers, all withdrawals are free. There is a $100 minimum withdrawal threshold.

Plenty of Trade Features and Educational Resources

Boss Capital has a lot to offer traders in terms of the trading experience. Whereas Redwood Options uses the SpotOption platform, this site uses the TechFinancials platform. The trading platform is available on iPhone and Android, so the site also supports mobile trading.

On Boss Capital, you can choose from 105 trading instruments—and that isn’t counting the pairs listed on the asset page (which I view as a type of trade). Types of trades include Pairs, Boundary, Touch, No Touch, High/Low, and a variety of short-term options. Short-term options include 2-minute trades, 5-minute trades, 30-second trades, and 60-second trades. This is one of only a handful of brokers which currently offers 30-second trades, so if you want to get in the super fast lane, Boss Capital is a great choice. Overall, this is a huge selection of different trade types, and this company offers far more diverse opportunities than most other sites.

Also exciting is the wide financial range in which you can trade. You can invest with as little as $10 or as much as $7,500. And if that isn’t enough for you, you can open as many positions as you want simultaneously, making this platform equally ideal for traders with small accounts and huge bankrolls. Early closure, rollover, and double up give traders even more control.

There are a ton of educational resources on the site. Along with basic how-to articles, a glossary, and a detailed FAQ page, there are also trading webinars, an eBook, additional articles on the site, and news. Personal analysts are available to traders at all account levels ($1,000 and up). Additionally, it is noteworthy that there are no information gaps on the site whatsoever. This broker is very transparent about their practices and describes all services in detail. You will probably find answers to all or most of your questions on the site without even having to talk to an agent or look up other reviews online.

Great Fast Service

I was pretty impressed with Boss Capital by the time I got around to testing their customer service team. I was not expecting much for a couple reasons. Firstly, disappointment is typical on this front for binary options brokers. Secondly, I was not optimistic about the fact that 24/7 service was only offered at higher account tiers.

I was pleasantly surprised. Within about ten seconds of logging onto the live chat, a real human being answered me. At first I was wary, because he did not seem to understand my first question. When I clarified, though, he had an answer right away. He was also quick to answer my next question. He politely asked if he could help with anything else before I logged off. I came back later to ask another question, which the service agent did not know the answer to. Nonetheless, the response time was again very fast, and the agent was friendly. So while this is not perfect service, it is still many calibers above what many traders are used to on other sites.

Conclusion: An Exciting New Broker

I have read that Boss Capital is run by the same people who operate Redwood Options and TradeRush, and that the site was started to offer customers the chance to use the TechFinancials platform and enjoy the same great service. TradeRush and Redwood have both been around for some time and have strong reputations.

Their experience going into the site is probably the reason Boss Capital appears to be off to such a promising start. TradeRush shut its doors to traders in the USA some time ago, so it is also very exciting that this site is accepting USA customers. (Unfortunately, they no longer accept US traders.) If you are looking for a broker with great features, a ton of different trade types, and good customer service, consider Boss Capital.

Best Binary Options Brokers 2020:
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    Sign-up Bonus:

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