Boss Capital Review
There are still only a limited number of binary brokers who can offer services to anyone resident in the US. Boss Capital fits this remit. It bases its software on the popular Tech Financials platform and focuses on providing the best possible customer experience with a good range of features. It is difficult to find a broker which provides this good a service and is available for US traders. There is a huge amount of information available on their website; questions can be answered or additional information provided by calling them on 917 775 0317. The company is based in Gibraltar.
Although this company was originally formed by the same brokers who created TradeRush, the owners have now sold this brokerage. It is worth noting that since the transfer of ownership, Boss Capital is not an option for anyone based in the US; there have also been an increasing number of issues in respect of the service offered. Before joining the brokerage you must be certain regarding what the terms and conditions are.
Once you have created an account you will need to make a first deposit of funds. The value of your first deposit must be at least $200 and this can be deposited in Euros, US dollars or even British pounds. The methods which can be used to add funding to your account is similar to those which the majority of brokers offer; Visa, MasterCard, wire transfer or a choice of digital methods including Neteller.
It is also possible to benefit from their welcome incentive scheme. The higher your first deposit the more they will provide; allowing you to trade for free. Bonuses range from twenty to percent to a custom amount based on funding your account with more than $100,000. The different levels of account including an increasing array of educational materials, strategic analysis and real time information; ensuring that all traders have access to the information they need to trade successfully.
There is no demo account on offer, but, anyone with the top three accounts will receive some risk free trades; these will help you to test out some new strategies.
The range of trades at Boss Capital include the usual starting point of simple high or low trading; based on the direction of price movement. There is also an option to trade within boundaries, or specify a price that the asset will reach. Currency pairs, as always, are a popular choice and you can even attempt the minute trades; this can create a profit rapidly. The average pay-out is said to be eighty five percent and they will even provide you with some of your funds back if your trade is not successful.
You can choose to trade on of the popular indices, such as the FTSE 100 or the Dow; alternatively you can work the commodities markets and monitor the price movements of gold, silver, coffee or even oil. Boss Capital actually have a wide range of currencies available to trade against, these include GBP, USD, EUR, JPY, NZD, CAD and even the AUD. Alongside this you can choose to invest in stocks from global companies such as Facebook, Disney, Netflix or even McDonalds!
This broker will allow you to start trading with just $10, although you can go as high as $7,500 on each trade and you can make as many trades as you wish at the same time. The site also has an excellent range of educational materials to help you become a better trader. This includes access to a personal assistant, webinars and a range of videos. It is also possible to trade via your cell phone using the mobile app; this provides you with full access to the trading system as though you were sat at your computer.
Finally, Boss Capital allows you to close a trade early, roll it over or even double up; all these options either allow you to minimize your losses or increase your chance of profit.
Unfortunately, a feature which would be appreciated but is missing is a demo account. This means that anyone new to binary trading must practice without risking your funds before you sign up and start trading with this broker. Although this firm is unregulated, it has already built a good reputation and is working hard to provide the best possible solution to your binary needs. It is worth noting that there is a $30 charge for any withdrawal, other than the first one each month.
Boss Capital is working hard to provide an excellent customer support team. They are available twenty four hours a day and seven days a week. They provide a quick response and look after all their customers; although there is a particular focus on anyone operating a high level account. It is a huge plus point as many brokers struggle to offer this type of service.
The firm does have a few issues but they are committed to looking after their customers and using their knowledge to assist everyone make successful trades; there is definitely something which will appeal to your trading style!