October 21, 2020

Boss Capital Review

Overview

Boss Capital is a Binary Options broker. Boss Capital is a brand name of a UK-based company, Cheshire Capital Ltd, and was founded only in 2014. Though new, the company has built quite a reputation for itself, by offering a variety of trading options and also offers some risk free trade to it’s biggest account holders. The broker offers you a variety of account types for different levels of traders. Read the full Boss Capital review here.

About Boss Capital

Looking further into the types of accounts that it offers, the minimum initial deposit for the basic account is $100. This is a rather small amount when you compare it with the market average of $200-$250. While the minimum deposit is low, the minimum bet on the platform is on the higher side of the scale at $10. And as it is obvious, the higher your bet size, the higher your risk. Looking at the trading options, there are a lot, like 60 Second Trades, High/Low, Boundary, Pairs, trading on assets like Currencies, Stocks, Indices, and Commodities. While it does provide you with multiple trading options, it does not offer ladder options.

Apart from this, the payout situation is quite favourable. With ‘In the money’ getting you payouts as high as 70%-85%. This is quite competitive in contrast to the market average. Also, in certain conditions of ‘Out of Money’ the broker will even refund some of the amount to you. Coming to the platform itself, they use the popular TechFinancials platform as the industry choice in Binary Trading. The platform gives 4 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 go up  or down than a defined 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.

But the biggest problem about this broker is that it is unregulated. While it has got a good name and is doing a decent job on many fronts, there is nothing stopping them from any wrongdoings really. 

The Verdict

Boss Capital has a good platform offering various different types of trading options, with a rather small initial deposit. But the only red flag is a huge one; which is the fact that the company is unregulated and thus doesn’t get a vote of confidence from us.