Bad Brokers

Boss Capital Review

BossCapital

Boss Capital is no longer in business.

Boss Capital was a binary options broker owned by Cheshire Capital Ltd., and located at: Cavell House Stannard Place, Crispins Rd, Norwich, NR3 1YE, United Kingdom.

If you are trying to get your money back, read about complaints.

Trading Platform Review

We see that they give traders the Tech Financials platform, which has more than 200 assets for trading! They offer binary options on commodity futures like Platinum, Gold, Silver, Corn, Coffee & Sugar.

For Forex traders they offer options on major currency pairs and additionally they offer options on exotic currency pairs like the New Zealand Dollar against the Australia Dollar! They offer 60 second, 2 Minute and 5 Minute options.

While reviewing Boss Capital, we see that they offer boundary options. Boundary options are great for trading economic releases. The strategy works like this. The euro is trading at 1.3755 before a jobs report, or interest rate decision. The trader has the option to buy a boundary option predicting that in 10 minutes the Euro will be either inside 1.3750 – 1.3760 or outside. Since most economic releases cause large movements in Forex, traders love this trade. Boss Capital recently completed their Android App for trading binary options. Their initial required deposit to start trading is $200.

Boss Capital No License

When the scam broker investigator looks at a binary options broker to determine if it is a scam or a legit binary options broker, we want to know if a regulator like the CySEC in Cyprus gave them a license and if they fall under the MIFId rules in Europe?

Boss Capital is not a licensed broker.

You can see the current list of licensed and regulated brokers, go here.

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WARNING from ASIC Australia

“ASIC urges all investors considering trading in binary options, to check they are dealing with an entity that holds an Australian financial services licence.”