Boss Capital is one of the newest binary options brokers on the market. Every time a new broker emerges we take upon ourselves the duty to review it and reveal whether the broker is legit or a fraud.
Our evaluation turned up that Boss Capital is a legit binary options broker that does not offer fraudulent services. Please read the review of Boss Capital below, in order to learn about the results of our research and review.
Platform and Software
One of the first things I evaluate when I look into a binary options brokers is the brokers’ website and software. While these things cannot in themselves prove that a broker is legit or not, they at least can give you a good picture of what you might expect if you dig deeper.
A legit broker run by a real company usually pays a lot of attention to detail when it comes to the trading software and its website. Boss Capital is a perfect example of this. Their website and software was clearly created by professional people running a real company and not by a random group of shady scammers.
Both the website and the trading software are modern and elegant. As such, they are easy to use and understand even by beginner traders. The software is packed with many features and options that will aid traders in making accurate predictions when trading.
One of these features is the ‘trader choice’ feature that is displayed on every options contract. This feature will reveal the percentage of traders who have chosen either ‘call’ or ‘put’ for the selected option. While you should not blindly follow what other people do, this feature does give you an insight into what the trading community thinks about an option.
For instance, if you see an option where 95% of all other traders have chosen ‘call’, then something is definitely up and it might make sense to consider joining in. While this should not be considered a sure-win strategy (as even the majority can be wrong at times) it definitely is a great aid, especially for newcomers.
Boss Capital also has its own native iOS and Android applications that you can install on your mobile device. Most other brokers do not have native apps, rather just mobile compatible websites.
To familiarize yourself with the trading platform you can trade in demo mode before registering. You don’t even need an account for this to work. You can try out the brokers’ trading platform directly from the brokers’ website without registration or real money deposit. This is a great way to familiarize yourself with the platform and its functionality before depositing money.
Binary Option Types Available
All of the major binary options contract types are available. Standard high/low options are the most abundant options, yielding an average payout rate of around 85%. Other, more exotic, options, such as boundary options and one-touch options, are also available.
You can also choose to trade short-term options ranging from just one minute to 5 minutes. These options are a bit riskier than the other ones, however they offer high payout rates to compensate for this.
The only shortcoming, perhaps, is that the broker does not offer long-term options. I personally like long-term options a lot, even though they aren’t very popular among traders, so I would have enjoyed seeing them at Boss Capital as well. For the majority of traders, however, the available options will be more than enough.
Boss Capital offers a very large selection of assets, which you can see listed below:
Stocks: Deutsche Telecom, RIO T. VS. BHP B., Facebook, Total SA, Paris Telecom, Tesco, BNP Paribas, Unilever, General Motors, Las Vegas Sands, Disney, JP Morgan Chase, Groupon, Exxon Mobil, Goldman Sachs, Caterpillar, McDonalds, Fiat, Petrobras, Netflix, MasterCard, Bidu, Dell, IBM, AIG, LinkedIn, Barclays, Amazon, Straits Times, Turkcell, Tata Motors, Reuters, BAE Systems, Rolls Royce, HSBC Holdings, Coca Cola, SBERbank, Lukoil, Google, BP, Gazprom, Nike, Apple, and City.
Currencies: AUD/CHF, USD/SEK, NZD/JPY, EUR/SEK, Bitcoin/USD, AUD/NZD, NZD/USD, GBP/CHF, CAD/JPY, AUD/JPY, GBP/JPY, USD/ZAR, USD/SGD, AUD/USD, USD/CHF, USD/RUB, USD/BRL, USD/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD and EUR/USD.
Commodities: Gold, coffee, corn, oil, platinum, silver, sugar and wheat.
Indices: DOW, FTSE 100, Straits Times, KL Future, ASX, SSE 180, Bombay SE, Kuwait, Quatar, EGX 30, Tadwul, MSM 30, DAX, NASDAQ, S&P FUTURE, HANG SENG, DSM 20, MICEX 10, ISE 30, S&P 500, DOW FUTURE,
Pairs: FTSE F vs. CAC F, Gold vs. Oil, BMW vs. Daimler, BMW vs. Renault, Vodafone vs. Orange, Amazon vs. EBay, Google vs. Baidu, Facebook vs. Twitter, LinkedIn vs. Twitter, McDonalds vs. Starbucks, Amazon vs. Netflix, SSE 180 vs. Shenzhen 300, RIO-AU vs. BHP-AU and Gold vs. Euro.
The standard payout rate at Boss Capital is 85%, which is pretty much the same at most other top-ranked brokers. You can get larger payout rates by trading more exotic options, such as boundary options and one-touch options.
With a payout rate of 85%, however, you will be able to make solid profits if you manage to reach a success rate of around 65% to 70% of all your executed trades. Check out our binary options strategy articles if you want to learn more about how to increase your winning rate.
Deposits and Withdrawals
You only require a minimum deposit of $200 in order to get started trading at Boss Capital. If you deposit through wire transfer then the minimum deposit is $500. The quickest way to make a deposit at Boss Capital is through Visa and MasterCard.
The minimum investment per trade at Boss Capital is $25.
The broker processes withdrawals within around 7 days. When you make a withdrawal the broker will ask you to supply proof of identity. This is in accordance with international anti-money laundering regulations.
As I said above, I personally prefer Boss Capital due to the very large number of assets available, its competitive payout rates and the fact that the broker is legit. The fact that you only have to deposit $200 initially after registering makes Boss Capital a primary choice for newcomers.
I think that, at the present time, Boss Capital is one of the strongest brokers out there. If you want to get started then you can go directly to Boss Capital’s registration page. I recommend you also check out our additional binary options strategy articles to improve your skills before you start trading.