BossCapital | BinaryOptions.net

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BossCapital | BinaryOptions.net

BossCapital is one of the newest brokers on the market. This broker was founded in 2014 and is headquartered in Gibraltar. The broker is built on the Tech Financials platform and offers a decent trading package. This isn’t the best broker I have ever seen but it isn’t the worst either.

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jross

WARNING  SCAM   Not Regulated

I have been trading with Boss Capital for a few months and it has been a total disappointment. I started my account with the minimum and immediately I was contacted to deposit more so a broker would work with me. After talking with the broker a few times and him basically telling me I would be rich off this obviously with the more money I had in my account the quicker. He talked me into $13 000. As that's all I had. The very next day he contacted me to take 2 trades for the end of the month $5000 each. One being a gaurenteed profit trade told me to place them as we were on the phone, then he said "oh I didn't realize that's all the money in the account, I have a really good trade for the end of the day".  I said well I'm tapped. And he said are you sure you can't find a way to get more. Solid trade he promised. So I put another $3000 maxing my credit out and placed the trade. Happily it won and I was at $5800. Then the next time day he told me to take $5000 for the end of next month.  So I did. Now with $15000 in trades and $800 in the account I had to wait for the end of the month. Trades started to go backwards so I got scared of losing it all so I upped my credit and put in another $2000 to start taking trades daily to build capital.  The first day I was advised to take 2 30 min trades both for $1000 and the both lost. So was again broke left waiting for the end of the month. Both of those $5000 trades lost and one was a gaurenteed trade so I was now locked in with a $8850 bonus that I would need to trade over $300 000 to be able to have my money. They call it Leverage.  I call it a scam. The following month the other $5000 trade lost and all the money I was left with was essentially Boss Capitals. After that I never received calls telling me to take trades. And was left trading on my own. And obviously I was loosing and contacted my broker he informed me to go to the academy  (trader graveyard) 3 weeks later they contacted me telling me they can email me daily signals as part of my account. Well that would have been nice 3 weeks ago before I lost everything.  So now I sit with no money left and $18000 usd debt. Alot more since I'm Canadian.   All and all a terrible  experience.  I do not recommend Boss Capital.
I suggest using a regulated broker that won't trade 100% of your capital in 3 trades.

gabman

This might sound harsh, but it is partly your fault. If you did enough research, you won't have let any broker trade for you in the first place as it is conflict of interest. Furthermore, it's already a red flag when the broker calls you. Boss capital did this with me, and i cursed them out on the phone.

lotzofbotz

good job that is how you do it! No broker should ever call for money or trade for you. If they do they are scumbags and I would stay away from them. Even big operations like 24O have a shadow group of brokers which is very bad for their reputation by the way. All brokers in bins should end that practice and hopefully with the heat they are facing it will end and them and the affiliate garbage can go away.

gabman

Yes, i specifically spoke to mark veron, the scam manager. The guy is ridiculous man, he is a born liar.

lotzofbotz

They all are that is their business to lie to you so they can get your $ period they will say whatever it takes.

DaVychi

Only bad feedback about Boss Capital,they making dirty money on traders who a new in the market,how they can sleep after that,bastards doe's nothing to say more...

The_Geek_MH

it's important to remember that often times the scammy scumbag "account" managers are actually working on the affiliate side of the equation and may not even be employed by the broker... But yes, nothing in the original post makes me believe this person was making good choices. Trusting someone else to trade for them, trading enough on one trade to wipe out the account, adding more money-throwing good after bad... this is a text book example of what not to do.... And to be honest, regulated doesn't mean they won't rip you off, regulation has little impact on the MARKETING side of the business which is where you typically find all the shitty signals, robots and "pro" traders to trade your account for you.

Raiden

Yes I agree. This is such a simple concept and yet people are gullible. I can understand if you burned your fingers once......lesson learned and then move on......but to be the ass again and again. That would not be very clever.

To anyone reading this - ask yourself this question when any BINS broker calls you and offers ANYPHUCKINGTHING - Wait for it........here it comes: Whatever the call is about the simple question to ask yourself is: Are their (The Broker) interest ALIGNED with yours. If you for some or other reason do not know the answer allow me to help you out. THE ANSWER IS NO. A BIG FAT PHUCKING NO. It is said over and over and over and over and over and over in soooooooo many threads on this Forum......IT'S A CONFLICT OF INTEREST. Be warned. Don't believe me? Then follow your own head. I mean hey....it's your money.

lotzofbotz

I agree 100% and I love the fact you use PHUCKING NOW...

Raiden

LOL! I wonder where I could have picked that up???

The_Geek_MH

Phuc if I know....

Mike2

Food for thoughts: when I was looking for brokers, I have tried Cherry Trade first, I wanted to deposit money using wire transfer. Cherry trade provided me with info for that but with incomplete address, so bank could not complete transfer and Cherry trade could not provide me with that piece of info. So I gave up on them and tried to open account with BOSS Capital, also using wire transfer for deposit. They provided me with complete info, and it was exactly the same bank and account number as of Cherry Trade. And when I have sent money, they bounced back as this account was closed by bank.

The_Geek_MH

that's interesting. Post the details here so we can see, if you can. I'd like to check it out.

The_Geek_MH

The_Geek_MH said:

that's interesting. Post the details here so we can see, if you can. I'd like to check it out.

Also, where are you located?

Mike2

I'm in Canada. I do not have that forms anymore, as I did not sign up with them after this.

The_Geek_MH

Yeah, Canada is getting tougher and tougher to trade binary. They allow binary, if they are regulated in Canada, at which time none are that I know of. Marketsworld may be your best choice, they are regulated by gaming commission in UK and accept traders from around the world.

Mike2

Marketsworld was first broker I have investigated. They are regulated - by gaming commission that regulates casinos, and this commission located on Isle of Man. That is not exactly UK authority and is a known place for off-shores and crooks.