Boss Capital Review
Boss Capital ReviewMarch 2, 2014
Boss Capital is the newest binary options broker offering 60 second options and accepting all US traders. This exceptional broker is powered by the Tech Financials platform and the advertised rate of return on investments stands at up to 89% on standards digital options.
- Minimum Deposit: $200
- Minimum Trade: $5
- Welcome Bonus: Per VIP Level up to 50%
- Demo Account: No
- Accepting US Traders: Yes
Secure and Safe Trading:
This broker goes to great extremes to make sure you are completely safe. Trading in a secure environment is very important to me personally since I am very much aware of all the recent horror stories that are related to credit card and identity theft. All of the transactions are encrypted with a 128SSL key which is almost impossible to hack.
Signing up is a very easy and user-friendly process. It’s important to note that your browser remembers your login details, so when you come back it may already log you in automatically.
Bonuses and Promotions:
Incentives such as bonuses, cash back offers, risk free trades, and insurance plans are granted based on your VIP level which may be one out of a possible five.
Standard: A 30% bonus, weekly market reviews, instructional video, E-book, and access to the trading academy.
Executive: Up to 40% in bonus cash, as well as faster withdrawal times and a money management seminar including all of the above as well as 1 risk-free trade.
Gold, Platinum, and VIP: Live signals, personal account managers, higher bonuses and more risk-free trades.
Educational and Instructional Material:
The educational center includes a plethora of free instructional material related to binary options trading, explanations on how to trade, an extensive FAQ section, and binary options news.
This is not advertised so it would not be possible to trade via your iPhone, iPad, smartphone, Android, Tablet, or for that matter any mobile device.
High/Low: The regular type of binary options format where you would just need to guess the correct direction of the trend line (Above/Below or Up/Down) and if you get it right you would have a winning trade.
One Touch: Here you would need to predict if the underlying asset will “touch” a specific rate or price prior to the expiration (or alternatively if not).
Boundary: In this case, you would have to guess if the underlying asset will reach a price that is inside or outside of a pre-selected range of values when the option expires.
Short Term (60 Seconds) : This trading format simply gathers all your short term contracts and displays them for you in an optimal way.
The index is diverse as it comes, and Tech Financials is especially known for its currency pairs.
Indices: Dow Jones, FTSE, ASX, KL, SSE180, Bombay, Qatar, Tadwul, Dax, Nasdaq, S&P 500, Hang Seng, and Micex.
Commodities: Sugar, Gold, Silver, Wheat, Oil, Platinum, and Coffee.
Major Currencies: EUR/USD, AUD/CHF, Bitcoin/USD, GBP/CHF, CAD/JPY, USD/CHF, EUR/GBP, GBP/USD, USD/CAD, USD/JPY
Stocks: Deutche Telecom, Facebook, Google. Apple, Microsoft, Tesco, Unilever, General Motors, Disney, JPMorgan, Exxon Mobil, McDonalds, Bidu, IBM, AIG, and more.
Accepted credit cards are Visa and Mastercard including debit and prepaid cards. Paypal as well as Amex (American Express) and Diners are not accepted. Wire transfers are also used for deposits, but more importantly for withdrawals.
Customer Service: Customer service is courteous as well as professional. I needed a bit of help maneuvering around the platform and the account manager was more than helpful.
Conclusions and Recommendations:
Boss Capital is definitely one of my new favorite brokers. First of all it is the only broker today that is powered by the Tech Financial software and accepts all US traders. Secondly, the asset index is amazingly diverse, and the customer service is highly trained. On the downside, it is only supported in English and the depositing and withdrawal methods are limited with E-wallets such as Moneybookers and Neteller excluded. Final score is 9.3/10 and highly recommended if you are looking to trade currency pairs.