That’s the question I aim to answer. But I’ll be honest with you…
…things are looking pretty good.
Granted, they’re not licensed or regulated.
They’re also run by Marblestone Partners LTD, the same group that runs TradeRush. And while TradeRush hasn’t gone without their issues, the fact that Boss Capital is run by an experienced company is far and away better than people who have no clue what they’re doing.
Don’t take my word for it, though. Read our Boss Capital review and see what you think. I think you’ll be surprised at what they have to offer …and …even more surprised at the number of complaints they have in their first year of business.
Account Info & Banking
The first step to getting started is creating an account. Keep in mind when you do so you’ll likely be contacted by an account manager who’ll talk to you about their program and encourage you to make a deposit.
Speaking of which – you can make a deposit using:
- Credit Cards
- Wire Transfers
There is a $200 minimum deposit – or $500 if you deposit by wire.
It’d be great to see more deposit options, but considering they’re a new company maybe we’ll see some in the near future.
Another thing to keep in mind is the size of your deposit will determine your account level. Here are the account levels and how much you need to deposit:
- Bronze – 1,000 deposit / 20% bonus / standard withdrawal
- Silver – 4k deposit / 40% bonus / expedited withdrawal
- Gold – 5k deposit / 65% bonus / same day withdrawal
- VIP – 100k+ deposit – give them a call
I think it’s pretty cool they offer upgraded cash outs for higher accounts. The downside is how much extra you need to deposit to get the Bronze account and perks.
For withdrawals you can use the same options. There are no fees for the first request of each month. After that it will cost you $30 – except for Platinum accounts where every cash out is free.
The accounts also come with risk free trades, a personal analyst, 24/7 VIP support, fixed payout increases, etc.
The bonuses – should you choose to accept them – have a 30x play through.
- Bank Wire
Get Educated and Make More Money
If you’re a newbie to binary options – like I am – I think you’ll appreciate the robust education section you’ll find at Boss Capital.
You can learn anything from the basics to binary options to more advanced strategies. These are available in several types of media, too.
What you have at your disposal includes:
- Ebook – This is available to everyone. It gives an overview to binary options, explains why you might use strategies and gives a full glossary.
- Video courses – This covers both basic and advanced strategies from top experts in a series of clear, concise tutorials to help you make more money trading.
- Webinars – These are a combination of pre-recorded and live webinars. These are led by senior market analysts.
They have an ‘advanced academy courses’ section too that covers things like winning tactics, basic technical analysis and advanced technical analysis
They have an FAQ section, too, and if you still have questions you can contact them by snail mail, phone, live chat or email at: email@example.com.
They offer 100+ assets.
The types of trades you can make include:
- 60 Seconds
Their min trade is $20, which is on the higher side relative to most brokers. The max trade is 5k.
You can get returns between 68-90 percent. They have one of the largest spectrums of returns I’ve seen.
The platform is simple enough to use – my only complaint is it’s not mobile responsive. But few of them are as they rely on apps instead, as Boss Capital does.
The Pros & Cons
Here are some good and bad things about them in a nifty list.
- I like the improved cash outs the higher your account status.
- They accept Americans.
- The $200 minimum deposit is lower compared to many brokers.
- According to popular forum BOTS, they don’t offer enough education / training for either beginners or advanced traders.
- It doesn’t look like they offer a bonus for deposits smaller than $1,000. Or they don’t advertise one.
- The min trade is kind of high.
Compliments & Complaints
Pros & Cons
Maybe it’s because they’re new, but I found very little in the way of feedback – good or bad. I suppose no feedback saying they’re screwing people over in their first year of business is a GOOD thing.
One of the compliments I found came from a guy that’s done over 200 trades with them. Here’s some of what he had to say:
Just wanted to add in, I used BC primarily before running with Nadex. I’ve done a total of about 200-300 trades with them and overall have felt comfortable with them thus far.
Withdraws: I have been able to receive all my withdraw requests (3 of them), and outside of the very first one, I’d say it was pretty pain free.
Communication: I feel is extremely lacking. When they respond, I feel pretty confident that I’m speaking with a knowledgeable team member rather than a turn-based outsource. But I feel like communication is slow as if it’s only a small select group (possibly is due to it being a new company)
Trading: Everything’s felt pretty solid. I’ve experienced only once or twice where I felt compelled to question the result of a trade possibly not taking.
His biggest complaint was that they seemed like they were short on the long term trading options. (source)
The only complaint that stood out to me is from a guy who said Boss Capital called him about making a deposit before he even finished doing all his paperwork (and it sounds like he already made a deposit).
It sounds like Boss Capital was a little eager, that’s all.
But that’s no reason not to check them out.