Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
|---|---|
Year Established | 2012 |
Minimum Deposit | $ 100 |
US Persons Accepted? |
General Information
Location: Limassol, Cyprus Minimum Deposit: $100 Minimum trade: $10 Maximum per option: $500 Languages: English, French, Italian, German
The minute you open their website, you will find yourself eager to open an account and place your first trade with BossOptions.com. The opening page is so flashy you can’t just sit still. There is a live Reuters stock price feed flashing across the top of the screen and several of BossOption’s many features weave in and out of sight at a steady pace.
BossOptions is a professional trading services platform that handles real-world stock trades for investors from all over the globe. They cater to beginner and experienced traders alike and “adhere to the highest levels of accountability, transparency and integrity in the industry.”
BossOptions trades Forex, stocks and common commodities like oil and gold. In addition to their trading platform they connect the trader directly with the markets. BossOptions specializes in binary, providing most of the same features as most other binary options companies. The emphasis seems to be on service and their focus is to provide a trader with the best information on-hand to help him/her take responsibility and to be able to place trades with confidence and knowledge.
BossOptions introduced me to a new binary option which they call One Touch. This is a type of unusual option growing increasingly popular amongst traders in the commodity and forex markets and is used by traders who believe that the price of an underlying asset will exceed a certain level in the future but who are unsure about the sustainability of the higher price. These options can be purchased by the investor 24/7 even when markets are closed and they offer outstanding payouts--as high as 500%.With One Touch, the investor must reach the specific set price that was designated for the asset. Unlike the standard binary option, predicting price direction is not enough. In fact, the direction, as well as a target price is already chosen within the option.
On top of One Touch, BossOptions offers the traditional binary option trading, 60 second, option builder and open platform. Even though the website doesn’t mention the Rollover and Double up functionalities, BossOptions does provide them. Rollover allows traders to postpone the trade expiry and increase their chances of success, while double up allows traders to increase their investment during the trade if they think they’re in the money.
BossOption’s online educational tutorials on binary options are simple to understand and are straight to the point using colorful graphics and clear cut explanations. A demo account is proffered which allows the novice trader to practice without losing any money before he jumps into the market. Profits are of course unpredictable but BossOptions offers the the investor up to 75% return in 60 seconds on a basic binary options trade. There is no required deposit amount and once the online account is opened, trading can immediately begin.
BossOptions ‘ customer service is available according to their website through phone, chat and email. However, we tried to contact the company via chat and received no answer. Our email to the company also remained unanswered.
Overall BossOptions offers a pleasurable binary trading experience with its user-friendly website guiding new traders through all the steps to a successful trade. Novice traders will also be seduced by the demo account while advanced traders will enjoy the numerous binary trading options available.
Trading Platform
