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BossCapital Review - Regulation, Deposit, Withdrawal & Payouts

BossCapital Review: Regulation, Deposit, Withdrawal & Payouts

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Basic Information

 

Minimum deposit Min./Maxbet size   Payout % Bonus  Trading platform
$200 $10/$7500  Up to 85% 25% - 100% TechFinancials


Boss Capital is a UK Binary options broker, offering trading in over almost 200 assets on the powerful TechFinancials binaries platform.


Besides, this broker offers traders a number of educational e-courses, webinars and an e-book in its Trading Academy section on its website.


Trading Accounts


Clients of Boss Capital mat choose from a number of account types, depending on how much money they are willing to invest upon sign-up: Mini, Starter, Silver, Gold & Platinum.

 

Account type  Min. initial deposit Welcome bonus  Risk-free trade
Mini  $500 25%  -
Starter  $1 000 30%  -
Silver  $5 000 50%  1 trade
Gold  $10 000 75% 3 trades
Platinum  $25 000  100%  5 trades

 

Besides, Gold & Platinum account holders may benefit from Guaranteed Profit trades.


The Company. Security of Funds


Founded in 2014, Boss Capital is a brand name of Cheshire Capital Ltd., a UK-based company, which is not regulated.
Although Boss Capital is a relatively young binary options broker, it has already established itself among the elite binaries platforms in the industry. Its clients are provided with the latest in online trading technology and are offered secure and profitable trading experience.

 

Trading Conditions


Trading Options: High/Low, Touch, Boundary, 60 Second Trades, Pairs
Assets: Currencies, Stocks, Indices, and Commodities
Expiry Times: daily, hourly, 15 minute, 60 second, weekly, monthly, end of the year

 

Unlike many other binary options brokers, this one does not offer ladder options.



Minimum Initial Deposit

The minimum initial deposit for clients of Boss Capital is $100, which is a comparatively low initial amount. Most binaries brokers require $200 - $250 from traders as a start. For instance, CherryTrade, a company out of the Caribbean, demands an initial amount of $200.

 

Min/Max bet size
The minimum bet size with this broker is on the upper end of average, amounting to $10. In comparison, with CherryTrade one can place a trade with $5. The lower the minimum bet size, the better the risk management.

 

Payout amount
“In the money” options (which expire in the condition a trader selected) typically offer a return of 70% - 85% on the investment. On a selection of available options, Boss Capital will refund a percentage of the invested amount even if the option expires ‘out of the money‘. If an option expires at the target price, which is possible for a High/Low or Boundary Instruments, 100% of the initial investment will be returned to the trader.


A 85% maximum payout is quite good for the binaries market. In comparison, Cypriot broker HY Options also offers A Day binary Up/Down for EUR/USD with 85% payout and 60 Seconds Binary Options with a payout of 70%.

 

Trading Platform


Boss Capital is using the popular and powerful TechFinancials, one of the leading binary options software platforms available, which is entirely web-based.


Boss Capital’s platform offers four types of options for traders; high/low, one touch and Boundary:
- The High/Low option allows traders to forecast whether the price of a selected asset will end up higher or lower than a selected price at expiry time.
- The One Touch option will get traders payouts if the price of an asset touches a predefined level at least once before expiry.
- The Boundary option involves two target prices (upper and lower) and traders choose to place their option either inside or outside of the specified range with a specified expiry time;
- 60 Second Trades are short-term binary options that require traders to decide whether the price of an asset will be higher or lower with a quick 60 second expiry time.


Platform features of this broker also include Early Closure - a great tool to close trades before the expiry time, so that traders may profit in even the most volatile markets. Early Closure is available beginning three minutes after you have purchased the option and will be available until five minutes before your option’s expiry time. Of course, it is not available on short-term options.


What is more, Boss Capital provides advanced charting & technical analysis on-site: Trading Central, Economic Calendar, News and more.


Promotions
Welcome On-Deposit Bonus
Welcome bonus for account holders with $500 deposit is just 20%, while other binary brokers offer 100% bonus upon sign up on the initial deposit. For instance, Banc De Binary provides traders with deposits of $250 with 100% bonus. 


Methods of Payment


There are several payment methods available to Boss Capital’ clients: Credit cards (Visa and MasterCard), and Bank Wire. Popular e-payment systems like Skrill and Neteller are not available with this broker.


Boss Capital offers trading in the following currencies: US Dollar, Euro, British Pound, Japanese Yen, Australian Dollar, Canadian Dollar and Russian Rubles.


Please, be advised that the minimum deposit for a wire transfer is $500 and also, bank wire withdrawals are charged with processing fee of $30.

 

Conclusion


Boss Capital is a UK binary options broker founded in 2014, offering a variety of assets and trading options on the robust TechFinancials platform. Our main concern with Boss Capital is that it is not licensed. Here are, in a nutshell, the advantages and drawbacks in relation to this broker:


Pros  Cons
One of the best binaries trading platform (TechFinancials)  Not regulated
Competitive returns  Not very lucrative bonus system
Various trading accounts Limited payment methods

 

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