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Editor Rating
- 5/5 – Excellent
Trade!
- BossCapital review
- Website: BossCapital
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Review Summary:
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BossCapital.com is a website that has produced a solid and reliable trading platform for investors who are interested in conducting binary trades.
Table of contents
Binary trading is a new entrant in the financial trading world, involving short-term trades, sometimes as short as one minute, in the price direction of an underlying financial asset. BossCapital.com is a website that has produced a solid and reliable trading platform for investors who are interested in conducting binary trades.
The company was founded in 2014, and has already established itself as a solid player in this space. The firm offers cutting-edge technology supporting its platform, and permitting traders to utilize a remarkable range of trading tools in pursuit of their trading strategies. The firm asserts that its objective is to make trading in these new option forms as transparent and user-friendly as possible, and to maximize potential returns for their investors at the same time.
When you trade a binary option on the company’s platform, you will be offered a selection of underlying assets to wager on. This is important because different traders have studied and immersed themselves in different types of assets. The firm’s platform supports trades in stocks, bonds, currency values, indices, and commodities. A trader can select an asset and wager on the direction of its price over the period of the option, and that period is usually between five minutes and a few hours, with some adrenaline-addicted traders preferring one-minute options.
If the asset price at the time of expiry has gone in the direction the trader predicted, the trader gets a payout of a predetermined percentage of the option price. Because this form of trading has emerged fairly recently, and is becoming quite popular, the firm considers it appropriate to offer a great deal of training and tutoring to new traders in how to best approach use of this platform. We applaud this approach, which is not followed by too many other trading platforms.
As well, the site has arranged it so that no downloads are required by users. Everything is done online, and once a user has opened an account, he or she can begin trading as soon as desired. It couldn’t be made any easier.
Featured Products
The “product” that this website offers are the types of trades that can be executed on their platform, together with the payout percentages offered for those trades. As mentioned, BossCapital supports binary trades in stocks, bonds, commodities, indices, and currency values. In registering with the firm to secure an account, there is no registration fee, and the initial deposit, required to begin trading, is $200. Our survey of competing sites indicates that this is quite reasonable.
The platform also supports “touch/no touch” trades, which are far riskier, but also more rewarding, for those traders willing to make such types of wagers.
If you are a successful trader, and the time comes to withdraw some of your winnings, the site allows one free withdrawal per calendar month, and charges $30.00 for additional withdrawals in the same month. So you should pay yourself once a month. Traders who make larger deposits can gain more favorable terms on their withdrawals, but we consider “free” to be good enough, provided you are disciplined about not making too-frequent withdrawals.
Most binary trading platforms offer promotional deals, often in the form of signing bonuses, which make additional trading capital available to traders at the time they sign up. The amount of the bonus rises with the amount of the trader’s initial deposit, and there are restrictions on when this money can be withdrawn. Basically, you must engage in a certain amount of trading over a specified period of time before withdrawing the deposit. The minimum withdrawal amount is $100.00, and the maximum withdrawal amount by credit card is $20,000.
BossCapital also offers a signing bonus and other promotional offers. Because the terms and conditions of these offers are complex and multi-faceted, they are not easy to compare against the offers provided by other platforms, and we will refer you to BossCapital, whose support managers can fully explain the bonuses they offer.
The firm limits credit card deposits to $10,000 per day, or $40,000 per month, and most people will not be in danger of exceeding that. The minimum trade amount, a critical figure for everyday traders, depends on the trading type, but it is $10.00 for short term trades.
Prices
The prices, for a binary option trading platform, equate to the payout percentages that the platform offers for successful trades. With BossCapital, traders are offered some of the most favorable return amounts available, reaching to as high as a payout of 70-85% of the option prices for successful trades. The percentage will vary depending on the underlying asset type and other factors, and because there are so many relevant factors, traders will need to directly compare these payouts with those of other trading platforms. However, our survey persuaded us that the payouts offered were indeed generous by industry standards.
Customer Service
The company maintains a professional account management team, and each trader is assigned a particular account manager, who is then able to become personally familiar with the trader and his or her needs. These are not just customer support phone jockeys, either, but instead are experienced professionals with backgrounds in foreign exchange trading, derivatives, risk management, and payment processing, and are familiar as well with international laws governing these forms of trading.
The support team can offer resources and advice pertaining to whatever trading strategy you prefer. They are available 24 hours a day, seven days a week, and they speak eight different languages. That is, not every support person speaks all eight languages, but you get what we mean. In our survey of the site, moreover, we noted that the firm has five different support numbers for North America alone, and over 50 support phone numbers, most of them country-specific, overall. That is quite rare in this field, and a strong indication of commitment to customer service.
The firm permits trading in US Dollars, the Euro, the British Pound, Yen, the Australian and Canadian Dollars, and in Russian Rubles. This also compares quite favorably to competing sites, though it should be noted that once you choose a currency, you will need to stick with it.
Complaints
These trading platforms are sometimes run as fly-by-night operations, particularly some of the ones operated overseas, and we are happy to report that the clients who have left comments about the company have, broadly speaking, offered a general endorsement of its services. There were no complaints that we could find concerning payout problems or disputes over amounts owed to traders, and this is, of course, a critical factor in selecting a trading platform for binary trades. Commenters generally praised the firm for its customer support, in particular, and gave it good marks for the payout percentages that it offers, and for the range of trading options made available through its website portal.
Final Thoughts
Binary trading is not for everyone, and shouldn’t be. It is a high-risk, high-reward form of investing, or wagering, and should only be pursued by people who are highly knowledgeable about all aspects of financial trading, from the underlying assets to the price action and trends in the relevant markets. Still, of you qualify as such a person, and are interested in binary trading, we can recommend BossCapital as a reputable and very well-run platform, with remarkably extensive and client-oriented customer service, broad trading options, and good payouts. Invest with care, but if you choose to pursue this form of investment, BossCapital will be a good choice of platform.
