Boss CapitalBroker Review
Boss Capital is a binary options broker based in Gibraltar. They target the English-speaking world as their demographic, including Americans. They are not regulated by any agency, which is worrying, but it is an unfortunate necessity because they accept American traders. Boss Capital uses the TechFinancials trading platform. They have apps for the mobile Android and OSX platforms, so traders can participate using their smartphones.
|Bonus||Up to 100%|
|US traders accepted|
- Wide asset selection
- Market analysts available
- Mobile app for Android only
The TechFinancials platform and Boss Capital's website in general look very slick and well designed. They clearly put time and effort into building a good website. Boss Capital knows how to make an impression with their webinars, information packets, and other supplemental information available for traders, like personal training from experienced traders. They also offer a wide range of different kinds of accounts, each with its own bonus.
The TechFinancials platform that Boss Capital uses is a great blend of design and functionality. They have quite a few trade options as well as many different assets, including indices, stocks, commodities, and currency exchange rates. The size and depth of their asset selection is not the best in the industry, but they are not far from the best. The types of trades available include all of the usual one touch and timed options, as well as a few extra ones, like early sell and double up. The platform itself is easy to use and understand.
Min. Deposit€ 200
At Boss Capital, the bonuses are tied to account tiers. New traders fall under one of the account tiers based on their initial deposit. The Bronze account has a deposit of $1,000 and above and comes with a 20 percent bonus. Silver accounts have a $4,000 deposits and a 40 percent bonus. Gold accounts have $5,000 deposit minimum and a 65 percent bonus. Depositing $100,000 or more garners a VIP account that has special privileges. Starting at the Silver tier, the accounts also come with a few risk free trades that refund all money from trades that wind up being out of the money. To be honest, these bonuses are not that good. The percentages are low and the minimums are too high to make them a big selling point for Boss Capital.
Deposits and Withdrawals
Boss Capital allows for transactions with credit cards, wire transfers, and a few PayPal clones. The first withdrawal of every month is free, but after that, a fee of $30 will apply. Some places are moving towards lower fees, but as long as they offer at least one free withdrawal per month, this is not really a problem. One per month should be enough for most traders.
Boss Capital is a primarily English-speaking company, and their limited language selection shows it. They do have great chat support as well as phone support, but it would be nice to see them add a few more languages to their repertoire. The chat representatives are excellent at resolving issues and clearing up information quickly without being rude or short.
- Bank Wire
- Email: firstname.lastname@example.org
Boss Capital has an extensive knowledge center with a lot of helpful information and videos. The fact that they take American traders is itself a special feature, considering how few well-polished brokers do take Americans. Boss Capital has positioned themselves to be an Anglo-centric high-end binary options broker.
|Speed Trading||Spread High/Low||One Touch||Option Builder||Mobile Trading|
Advantages and Disadvantages
Boss Capital combines a great trading platform with a wide asset selection, although their bonuses and other deals could be better. On the other hand, because so few brokers cater to Americans, comparing them to the whole industry is not very fair. Among brokers that take Americans, Boss Capital certainly stands out. One major disadvantage is a lack of a demo account.
Pros & Cons
- Advanced and technical charts
- Abundance of training materials such as tutorial videos, FAQs, etc
- No demo account
The Final Word
Boss Capital relies heavily on American and English traders as their primary audience. While they do have an attractive trading platform, their bonuses and other policies mean they aren't as good a deal as some other binary brokers that do not take Americans. The choice comes down to location. For Americans interested in binary options, Boss is the best.