BossCapital is one of the top brokers for social traders. Notice I said social traders, not copy traders. This broker is built on the TechFinancials platform and includes only rudimentary copy trading features. That being said it is one of the most complete platforms, and a well trusted broker. BossCapital is operated by Marblestone Partners LTD, a growing force in the binary options industry and operator of top brands like TradeRush and others. Their headquarters is 1A Arcade House, Temple Fortune, London NW11. They are not yet CySec regulated but will soon fall under the watchful eye of the British FCA.
The Geek’s Review Of BossCapital
BossCapital is one of the top trusted brokers using the TechFinancials platform. TechFinancials, FYI, is the power behind industry leading 24Options and the first binary options company to go public in an IPO. This broker makes full use of the platform offering a wide range of trading products, a full asset list and expiry to match any trading style. This broker is not yet fully regulated and so still accepts US traders but be warned, it is on the way and could impact your trading by the end of this year.
The platform as I’ve said is top notch. Boss makes full use and includes standard high/low binary options as well as the popular above/below style which relies on set strike prices. Standard high/low pays out in the range of 80%, the above/below can pay as much as 350% or more depending on asset, expiry and strike. Other option types include Touch/No Touch, Boundary In/Out and short term options with expiry ranging from 30 seconds to 5 minutes from purchase. There are also high-yield versions of the boundary and touch options with payouts ranging between 220%-350%.
Expiry is really great at this broker. They have the short term options you speed traders are so in love with but also support longer terms to suit traders like myself. Several intra-day expiry are listed each day with 15-30 minute increments, along with end of week and end of month out for 6-8 months on some of the most heavily traded assets. The asset list is also good, not the best but plenty good enough. There are 12 indices, 24 forex pairs, dozens of stocks and 6 commodities. The only thing really missing is wider coverage of indices, everything is there.
Banking At BossCapital
Banking with BossCapital is standard for the industry, the trustworthy portion of the industry that is. Deposits can be made by credit card and wire transfers, no eWallets at this time. Minimum deposit is only $200 with minimum trade size of $10 so it is possible for small account holders to trade with good money management. Credit card deposits will appear immediately upon receipt, it will take wires a week or more to clear before you can start trading.
Withdrawals are standard as well, but there are perks for those with larger accounts. Basic account holders can expect 7-10 days for credit card and wire transfers, those with Gold, Platinum and VIP accounts (minimum $5,000 deposit) can expect to receive same day processing with funds appearing as soon as that day. The first withdrawal is free each month, each additional is $30.
Bonuses are also available and come in several forms including first time deposit match up to 100% and risk free trades. Risk free trading ensures your money back, in the form of bonus cash, on any of your first ten trades that loses. All bonuses come with a volume minimum of 30,40 or 50 times bonus amount so be sure of your terms before accepting. This broker will allow you to withdraw your principal after receiving a bonus, but bonus money and profits will be forfeited.
Social Trading At BossCapital
BossCapital doesn’t have any social features per se but is a great platform for social traders none the less. The range of option types, assets and expiry make it an appropriate choice for anyone wanting to copy signals from outside sources or is learning in a social setting such as a forum. They do have a trader sentiment indicator which could be used to generate signals but they will be rudimentary at best.