Boss Capital Regulated
We have found out that Boss Capital has shut down their operations.
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There are a lot of variances and ambiguities when it comes to regulating online binary option brokers. Since there is no uniform code of conduct across them, a user must put everything together that they know about a website to determine if they feel comfortable using it. Boss Capital is no different from the rest when it comes to deciding whether to use it or not.
Like most binary option trading websites, Boss Capital wants to see their traders become successful on it. That is why they include so many support tools, signals, news and other information to help their traders become successful. A site that has a reputation of not being able to make successful trades on it, will not be in business long whether it’s regulated or not. Boss Capital’s website provides all the information necessary for both novice and veteran traders alike to be successful.
The website also has an easy to understand and use platform, but no worries here anyway because the sites users will have access to a free demo account when they sign up; this helps new users become efficient and confident in the trades they place before risking a dime of their own money. The site is also backed up by an excellent support and customer service team.
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Boss Capital’s designers are all professionals in the world of market trading and finance, this went a long way to developing a site that caters to US based traders, not many websites can claim that. It is also one of the reasons that although the site is not technical regulated; it still falls under the strict and watchful eyes of the US Securities and Exchange Commission. Boss Capital will not do anything that will risk American’s being banned from trading on their website.
Boss Capital also has a wide variety of account levels that are based on the amount of your initial deposit.
Standard Level Account – this one is designed for beginners and those who want to test the website without making a big deposit. The minimum investment is $200 and the user will receive up to a 30% signup bonus. The user will also receive a handy eBook about trading binary options.
Executive Level Account – $1000 deposit will not only get you started at the executive level, but it will get you a higher 40% signup bonus also. This level enables the user aces to more tools and options to trade.
Gold Level Account – the minimum deposit for the Gold Level account is $5000 and it entitles the user to a signup bonus of the maximum 50%
Premium Level Account – With a minimum investment of $10,000, you can get a 50% signup bonus and all the perks that come with the premium account level. It features the type of services that will point you well on your way to getting close to those maximum returns of 89% on your trades.
VIP Level Account – this is the highest account level that Boss Capital has to offer. It requires a minimum deposit of $50,000 and will also entitle you to the max signup bonus of 50%. It opens all the features of the website to this level users and features many exclusive tools as well.
So as long as a website is easy to use, has integrity and helps make you profit on your trades, you do not really have to worry about whether it is regulated or not.
References and Further Reading:
1. Financial innovation: The last twenty years and the next (MH Miller – 1986)
2. The euro as an international currency: explaining puzzling first evidence from the foreign exchange markets (H Hau, W Killeen, M Moore – 2002)
3. Currency forecasters are heterogeneous: confirmation and consequences (R MacDonald, IW Marsh – 1996)
4. Exposure to currency risk: definition and measurement (M Adler, B Dumas – 1984)
5. The effect of mandated market risk disclosures on trading volume sensitivity to interest rate, exchange rate, and commodity price movements (TJ Linsmeier, DB Thornton – 2002)
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