BossCapital.com Review
1.331 •
6 REVIEWS
Out of business
Updated: Sep 28, 2022
•
June 2016: ASIC has issued a public warning against BossCapital.com. CLICK HERE to verify.
Website is down. Company seems to be out of business.
Out of business
1.331 •
6 REVIEWS
Recent User Reviews of BossCapital.com
S
S Muus
Ontario, Canada,
Aug 30, 2022,
Guest
They STILL owe me
Scam! They want 200 at first, then 300 and then a grand etc. Lied about the bonuses. Went Mia.
Send 100k and call it even
Send 100k and call it even
T
Terry Sneller
Hudson, Canada,
Sep 14, 2015,
Guest
Beware of Boss Capital!
I'm 71 years old and no Newbie to trading. With my Dad's help, I bought my first stocks (a mutual fund) when I was 13 and I've traded off and on, ever since. Just before the 2008 crash, I got out of stocks and didn't trade for several years. For several reasons, I became intrigued with the Forex market and began exploring it and eventually Binary Options, when they appeared on the scene.
At some point while trading FX, I noticed a semi-regular price pattern that occurred and began developing a template with indicators to focus on the pattern. It soon became apparent that this system would be a great candidate for Binary Option trades and I began delving into the murky world of Binary Option brokers. After several false starts with several different brokers, I settled on Boss Capital. They were rather new, but I couldn't find any strong negative reviews or reports about them and while their platform wasn't as flexible as others, it would work for my testing.
One of the lessons that I learned, early in my 50+ year business career, was that one should never just tell lawyers, accountants, politicians, and brokers to just do what THEY think is best -- because they will eventually end up with all the money you allocate them. In my dealings with Boss Capital, I don't know why I ignored that old axiom, but I unfortunately did.
So, soon after I opened and funded my account in order to further my system testing with Boss Capital, the phone calls and fabulous touts from their brokers started. Alex Cortez was the first to phone and I attempted to explain to her that, for many reasons, I preferred to use email and did not like to discuss my trading over the phone. I didn't give her my reasons for wanting to primarily use email, but the main one is that I want a “written record” of who told whom, what. She seemed rather dismayed that I wouldn't talk to her, but called again a few days later – AT THREE IN THE MORNING. Now, since my wife sleeps with the phone next to her bed, this call woke her up from a deep sleep and caused a real damper on her next day, when she had to give a rather critical presentation.
So, after Alex had pretty well blown her relationship with me, I assume that my account was transferred to Jacob Becker, because he was the next Boss Capital broker to call. After I requested that we rely on emails and not the phone, he started a barrage of touts that made statements like, “Guaranteed Profit Trade !!! Insure your investment and the Profits.” Now tell me, fellow trader, who could resist at least not exploring that greed driven prospect? As it came to pass, I couldn't and thus began my spiral down into Boss Capital's Trader's Hell.
Jacob's reply to my reply started with this:
“Hi Terry,
Thank you for your mail.
Yes, if the trade expires out of the money - your investment and the expected profits will be payed back into your account (as a bonus).
It's very important to point out that guaranteed profit signals ( issued rarely by Boss Capital) are highly unlikely to expire out of the money,they have extremely high success rates otherwise the company will not be willing to insure the investment and the profits!”
So, I took the hook and after more than a dozen emails that were required to negotiate an additional $5,000 into my trading account, Jacob again mentioned that the earnings report was coming out and since time was of the essence I needed to do one more thing and immediately sign the attached contract, “ASAP” so he could give me the critical tout. I hurriedly skim read, signed, scanned and emailed their “Guaranteed Profit Agreement” back to him/them. The critical couple of sentences were, “The Client receives _1___ Guaranteed Profits Trades in the sum of _5000__ each. If these trades are unsuccessful, the client will receive a bonus equal to the investment lost and the expected payout amount with a trading requirement of bonus x30___ starting from the date the funds for the Guaranteed Profit Trades are added.“
Now, I KNOW that I should have had one of my lawyers take a look at this, before signing. However, time was critical, because the earnings reports were due out any minute and I know that none of my lawyers could possibly take time to evaluate this before my greed driven opportunity was lost; or so went my in the moment rationale. Besides, when it was all said and done, my legal fees would have probably eaten up most of another $5,000, anyway.
As soon as they had my signed copy, they gave me the tout and I opened the trade, just as they told me to. However, the “highly unlikely” turned out to be highly likely and the trade didn't end up in the money. So, after some time and a several gentle email reminders, Jacob had my account credited with the full amount of my trade capital ($5,000) plus the 70% return ($3,500) that I was supposed to have made, for a total of $8,500.
So, at this point I'm feeling pretty good! Even though the trade lost, my account balance has increased by $3,500 and I'm ready for the next “Guaranteed Profit Trade.” At some point, when I email Jacob and asked him to include me in the next trade with a similar opportunity, he told me that I'd have to put up a minimum of another $5,000 for another trade. When I asked him how Boss Capital could afford to keep making such agreements, he said that they anticipated making up for their loses through future trades.
Sure enough, another “Guaranteed Profit Trade” deal came along and since I couldn't use the funds in my account for new trades, I ponied up another $5,000. This time, the trade went in my favor and there was no need for the guarantee to be activated. Then came the third trade and I started asking about why I had to come up with a “fresh” $5,000 and couldn't just use some of the funds already in my account and that was when THEIR reality began to slightly creep into MY reality. Anyway, not to worry, since Jacob was going to give me solid touts that would explode my account balance.
Even so, I really began to press them to tell me if I could even withdraw ANY of my funds. No, that wasn't allowed until I satisfied all of the terms of my “bonus.” It finally came out that the 30X meant that I had to “repay” not just the bonus money of $3,500 times 30, but my “buyout” to access ANY of the money in my account was 30 times MY $5,000 plus the $3,500 for a grand total of $255,000! If, at any time I tried to withdraw ANY of my funds without first creating a balance of $255,000, then I forfeited ALL of the money in my account!
By this time, my account was passed along to another “broker” who declared that he – Josh Miller -- was not just a broker, but a Senior Analyst, and he had a diversified plan that would make me rich. At this point, I was being worked over by three of Boss Capital's best and it wasn't fun. I was now no longer working on my system, but trying to figure out how to “liberate” ANY of my invested $15,000 by earning $255,000 by using THEIR touts, the last of which had gone bust, too.
By now, my account is at about $12,000 and I go into partial Beta mode with my nearly completed system and I start really noticing some of the problems with their trading platform. On several occasions, I had observed that some of my trades were slow to fill, but just took it to be the result of heavy traffic. But then, one day, the little chart and live numerical readouts, started freezing up. I complained and they reversed the trade, the first time it happened. However, with several other trades that followed, they (their support personnel) stopped reversing the trades and claimed that I needed to change browsers, which I did. Then they claimed I needed to clear my cache before each session, which I did and still the screen freezes kept occurring and finally, a trade – which I was simultaneously monitoring on my MT4 platform – was WELL into the money and their system finally even declared that trade a loss, as well. I haven't even bothered to complain – as it doesn't do any good, anymore.
As for the three brokers, well they kept sending me touts and showing THEIR alleged winning results, but never any major losses. When I called one of them on it, asking why they didn't show their considerable losing trades (which I took the time to follow up and plotted from their touts), asking if their trades were made with House money and not their personal funds and even if their posted results were perhaps Photoshopped – they all three promptly stopped responding to any of my emails, as I'm certain that, since they consider me a skinned, drained and now useless former client.
I'm taking the time to relate all of this to you, my fellow traders, in the hopes of providing you with enough information to dissuade you from doing ANY trading with Boss Capital. I certainly would like to retrieve all, or even some, of my money, but don't see too much help on the horizon, for that to occur. If you would like more details to confirm my story, including emails, documents and screen shots, let me know and I'll gladly forward them on to you.
Respectfully,
Terry Sneller
terry(AT)cloudbyteconsulting.com
I'm 71 years old and no Newbie to trading. With my Dad's help, I bought my first stocks (a mutual fund) when I was 13 and I've traded off and on, ever since. Just before the 2008 crash, I got out of stocks and didn't trade for several years. For several reasons, I became intrigued with the Forex market and began exploring it and eventually Binary Options, when they appeared on the scene.
At some point while trading FX, I noticed a semi-regular price pattern that occurred and began developing a template with indicators to focus on the pattern. It soon became apparent that this system would be a great candidate for Binary Option trades and I began delving into the murky world of Binary Option brokers. After several false starts with several different brokers, I settled on Boss Capital. They were rather new, but I couldn't find any strong negative reviews or reports about them and while their platform wasn't as flexible as others, it would work for my testing.
One of the lessons that I learned, early in my 50+ year business career, was that one should never just tell lawyers, accountants, politicians, and brokers to just do what THEY think is best -- because they will eventually end up with all the money you allocate them. In my dealings with Boss Capital, I don't know why I ignored that old axiom, but I unfortunately did.
So, soon after I opened and funded my account in order to further my system testing with Boss Capital, the phone calls and fabulous touts from their brokers started. Alex Cortez was the first to phone and I attempted to explain to her that, for many reasons, I preferred to use email and did not like to discuss my trading over the phone. I didn't give her my reasons for wanting to primarily use email, but the main one is that I want a “written record” of who told whom, what. She seemed rather dismayed that I wouldn't talk to her, but called again a few days later – AT THREE IN THE MORNING. Now, since my wife sleeps with the phone next to her bed, this call woke her up from a deep sleep and caused a real damper on her next day, when she had to give a rather critical presentation.
So, after Alex had pretty well blown her relationship with me, I assume that my account was transferred to Jacob Becker, because he was the next Boss Capital broker to call. After I requested that we rely on emails and not the phone, he started a barrage of touts that made statements like, “Guaranteed Profit Trade !!! Insure your investment and the Profits.” Now tell me, fellow trader, who could resist at least not exploring that greed driven prospect? As it came to pass, I couldn't and thus began my spiral down into Boss Capital's Trader's Hell.
Jacob's reply to my reply started with this:
“Hi Terry,
Thank you for your mail.
Yes, if the trade expires out of the money - your investment and the expected profits will be payed back into your account (as a bonus).
It's very important to point out that guaranteed profit signals ( issued rarely by Boss Capital) are highly unlikely to expire out of the money,they have extremely high success rates otherwise the company will not be willing to insure the investment and the profits!”
So, I took the hook and after more than a dozen emails that were required to negotiate an additional $5,000 into my trading account, Jacob again mentioned that the earnings report was coming out and since time was of the essence I needed to do one more thing and immediately sign the attached contract, “ASAP” so he could give me the critical tout. I hurriedly skim read, signed, scanned and emailed their “Guaranteed Profit Agreement” back to him/them. The critical couple of sentences were, “The Client receives _1___ Guaranteed Profits Trades in the sum of _5000__ each. If these trades are unsuccessful, the client will receive a bonus equal to the investment lost and the expected payout amount with a trading requirement of bonus x30___ starting from the date the funds for the Guaranteed Profit Trades are added.“
Now, I KNOW that I should have had one of my lawyers take a look at this, before signing. However, time was critical, because the earnings reports were due out any minute and I know that none of my lawyers could possibly take time to evaluate this before my greed driven opportunity was lost; or so went my in the moment rationale. Besides, when it was all said and done, my legal fees would have probably eaten up most of another $5,000, anyway.
As soon as they had my signed copy, they gave me the tout and I opened the trade, just as they told me to. However, the “highly unlikely” turned out to be highly likely and the trade didn't end up in the money. So, after some time and a several gentle email reminders, Jacob had my account credited with the full amount of my trade capital ($5,000) plus the 70% return ($3,500) that I was supposed to have made, for a total of $8,500.
So, at this point I'm feeling pretty good! Even though the trade lost, my account balance has increased by $3,500 and I'm ready for the next “Guaranteed Profit Trade.” At some point, when I email Jacob and asked him to include me in the next trade with a similar opportunity, he told me that I'd have to put up a minimum of another $5,000 for another trade. When I asked him how Boss Capital could afford to keep making such agreements, he said that they anticipated making up for their loses through future trades.
Sure enough, another “Guaranteed Profit Trade” deal came along and since I couldn't use the funds in my account for new trades, I ponied up another $5,000. This time, the trade went in my favor and there was no need for the guarantee to be activated. Then came the third trade and I started asking about why I had to come up with a “fresh” $5,000 and couldn't just use some of the funds already in my account and that was when THEIR reality began to slightly creep into MY reality. Anyway, not to worry, since Jacob was going to give me solid touts that would explode my account balance.
Even so, I really began to press them to tell me if I could even withdraw ANY of my funds. No, that wasn't allowed until I satisfied all of the terms of my “bonus.” It finally came out that the 30X meant that I had to “repay” not just the bonus money of $3,500 times 30, but my “buyout” to access ANY of the money in my account was 30 times MY $5,000 plus the $3,500 for a grand total of $255,000! If, at any time I tried to withdraw ANY of my funds without first creating a balance of $255,000, then I forfeited ALL of the money in my account!
By this time, my account was passed along to another “broker” who declared that he – Josh Miller -- was not just a broker, but a Senior Analyst, and he had a diversified plan that would make me rich. At this point, I was being worked over by three of Boss Capital's best and it wasn't fun. I was now no longer working on my system, but trying to figure out how to “liberate” ANY of my invested $15,000 by earning $255,000 by using THEIR touts, the last of which had gone bust, too.
By now, my account is at about $12,000 and I go into partial Beta mode with my nearly completed system and I start really noticing some of the problems with their trading platform. On several occasions, I had observed that some of my trades were slow to fill, but just took it to be the result of heavy traffic. But then, one day, the little chart and live numerical readouts, started freezing up. I complained and they reversed the trade, the first time it happened. However, with several other trades that followed, they (their support personnel) stopped reversing the trades and claimed that I needed to change browsers, which I did. Then they claimed I needed to clear my cache before each session, which I did and still the screen freezes kept occurring and finally, a trade – which I was simultaneously monitoring on my MT4 platform – was WELL into the money and their system finally even declared that trade a loss, as well. I haven't even bothered to complain – as it doesn't do any good, anymore.
As for the three brokers, well they kept sending me touts and showing THEIR alleged winning results, but never any major losses. When I called one of them on it, asking why they didn't show their considerable losing trades (which I took the time to follow up and plotted from their touts), asking if their trades were made with House money and not their personal funds and even if their posted results were perhaps Photoshopped – they all three promptly stopped responding to any of my emails, as I'm certain that, since they consider me a skinned, drained and now useless former client.
I'm taking the time to relate all of this to you, my fellow traders, in the hopes of providing you with enough information to dissuade you from doing ANY trading with Boss Capital. I certainly would like to retrieve all, or even some, of my money, but don't see too much help on the horizon, for that to occur. If you would like more details to confirm my story, including emails, documents and screen shots, let me know and I'll gladly forward them on to you.
Respectfully,
Terry Sneller
terry(AT)cloudbyteconsulting.com
R
Ross
, Canada,
Jun 28, 2015,
Guest
I created a site called BossCapitalReviews.com to expose the deceptive practices of Boss Capital's currency expert and financial analyst Eugene Price. Hopefully the information and responses from Eugene's client list will provide the reader with the knowledge to make an informed decision as to whether they want to pursue a relationship with this firm Boss Capital.
As of June 10-2015, Boss Capital still owes me $7,000. I tried repeatedly to negotiate with the supervisors Melodie and Miranda but they said that the company would not return the $7,000 owed to me. Miranda said that this isn't the first time that Eugene Price has used deceptive practices of NOT mentioning anything about BONUSES and that they fired him for this type of practice.
On June 10/2015...I have been told by two Eugene's clients that he was not fired. I guess I can't believe the supervisor Miranda either.
Bottom Line here is one of my replies to Eugene Price (broker)...
... I want to make sure that no one else gets caught up in deceitful practices of brokers who intentionally leave out the word "BONUS" out of their pitch as you did with your explanation of "100% insured by the company" and "you have nothing to lose" when you solicited a deposit of $10,000 from my Visa. You know that if you would have mentioned the word "Bonus", most people (with the possible exception of newbies that don't know any better yet) including myself, would relate to this word as a scam to steal money. Bonuses are nothing more than a way to make it impossible for anyone to trade 40X (40 times) their initial investment in order to have the remote chance of ever seeing any money back. For example, an initial deposit of $10,000 and accepting a bonus of 40X (40 times) would mean that a person would have to trade a volume $400,000 before making any withdrawal. What are the chances of that?
Check out the site mentioned above for more replies from Eugene's clients that have had similar experiences.
As of June 10-2015, Boss Capital still owes me $7,000. I tried repeatedly to negotiate with the supervisors Melodie and Miranda but they said that the company would not return the $7,000 owed to me. Miranda said that this isn't the first time that Eugene Price has used deceptive practices of NOT mentioning anything about BONUSES and that they fired him for this type of practice.
On June 10/2015...I have been told by two Eugene's clients that he was not fired. I guess I can't believe the supervisor Miranda either.
Bottom Line here is one of my replies to Eugene Price (broker)...
... I want to make sure that no one else gets caught up in deceitful practices of brokers who intentionally leave out the word "BONUS" out of their pitch as you did with your explanation of "100% insured by the company" and "you have nothing to lose" when you solicited a deposit of $10,000 from my Visa. You know that if you would have mentioned the word "Bonus", most people (with the possible exception of newbies that don't know any better yet) including myself, would relate to this word as a scam to steal money. Bonuses are nothing more than a way to make it impossible for anyone to trade 40X (40 times) their initial investment in order to have the remote chance of ever seeing any money back. For example, an initial deposit of $10,000 and accepting a bonus of 40X (40 times) would mean that a person would have to trade a volume $400,000 before making any withdrawal. What are the chances of that?
Check out the site mentioned above for more replies from Eugene's clients that have had similar experiences.
J
Josh Rupp
Michigan, USA,
Jun 13, 2015,
Guest
They are a scam broker. i traded with them and their account manager manipulated the signals on me. i lost a lot of money from this company. i attempted to switch my account manager after this but never again trusted them since . they have no one regulating their pricing on the stuff
C
Concerned
, USA,
May 25, 2015,
Guest
I'm only doing this review because there is a shocking lack of info on Boss Capital on FPA. Also, I'm the kind of trader who doesn't want to make a lot of withdrawals, and I'm not into 60 second trades because they're too unpredictable. I'm with Boss Capital primarily because they give me an account manager that acts like a stock broker (advises conservative trades and walks you through their execution), so this review will be catered to that kind of trader. I'm relatively new to trading with them, but here's what's happened so far:
The Bad:
1. Your account manager will try desperately to get you to deposit more and more into your account.
2. My account manager has lied about the following things:
- How much she wants me to deposit and whether she will ask for more.
- How many trades we will do together every week or month. She claimed we'd do a lot (three to four day trades/week, and three or four long term trades per month), but we've only done one day trade over the course of a month.
- When and how she will contact me.
3. I get the feeling bonuses are being offered strategically in order to prevent me from ever making a withdrawal of my profits. Also, bonuses are offered in order to give my account a higher overall balance, thus enabling her to make larger trades, which, to me, results in an inflated perception of her profit-making ability.
The Ugly
1. My account manager is constantly threatening to give me less attention because I don't have enough deposited. I'm literally afraid of my account manager because I can see her being vindictive, so I won't say how much I have in the account because she could get on here and probably use that information to figure out who I am, but I have less than $20k USD deposited in the account. However, all you need is $5,000 deposited in order to have an account manager provide you with advice, and I have deposited more than that. So are you telling me it takes too much time for you to send a quick email to your less than $100,000 clients?
2. If you ask using chat the requirements for having a relatively attentive account manager (2-3 day trades/week and a few monthly trades), you'll get different answers depending on who you chat with.
3. You can never, ever, ever, ever, ever call anyone at Boss Capital. Period.
The Good (and this is why I haven't jumped ship, yet, but I wish I could...)
1. So far, the long term suggestions are pretty good. I have a few trades (I won't say how many.) that are long term right now (about a month or more), and all but one are ITM. They're generally smart, well-thought-out trading decisions.
2. My account manager can trade an important fundamental news announcement fairly well.
All-in-all
The trading platform is whatever--nothing special. I have three options accounts, and they are all very different. This is nothing like Nadex (obviously), and it's more sophisticated than CTOption, but a bit more clumsy as well but that could just be because it doesn't follow my ideal order-entering work flow. Also, the expiries on their options when combined with the payouts seem to result in relatively risky deals, but that could just be because I'm used to Nadex, idk. I have iPads and an iPhone, so I can't use their mobile app. I'd never use the mobile-optimized website; it looks horrifyingly jankety.
They seem to have either a lot of satisfied customers or have scrubbed the web of negative reviews. And I'm shocked there's so little on FPA about them. I'm giving them two stars because although it looks like I'll be profitable in the long term, and I am profitable right now, I've been lied to several times, and hence their "performance is significantly below expectations."
The Bad:
1. Your account manager will try desperately to get you to deposit more and more into your account.
2. My account manager has lied about the following things:
- How much she wants me to deposit and whether she will ask for more.
- How many trades we will do together every week or month. She claimed we'd do a lot (three to four day trades/week, and three or four long term trades per month), but we've only done one day trade over the course of a month.
- When and how she will contact me.
3. I get the feeling bonuses are being offered strategically in order to prevent me from ever making a withdrawal of my profits. Also, bonuses are offered in order to give my account a higher overall balance, thus enabling her to make larger trades, which, to me, results in an inflated perception of her profit-making ability.
The Ugly
1. My account manager is constantly threatening to give me less attention because I don't have enough deposited. I'm literally afraid of my account manager because I can see her being vindictive, so I won't say how much I have in the account because she could get on here and probably use that information to figure out who I am, but I have less than $20k USD deposited in the account. However, all you need is $5,000 deposited in order to have an account manager provide you with advice, and I have deposited more than that. So are you telling me it takes too much time for you to send a quick email to your less than $100,000 clients?
2. If you ask using chat the requirements for having a relatively attentive account manager (2-3 day trades/week and a few monthly trades), you'll get different answers depending on who you chat with.
3. You can never, ever, ever, ever, ever call anyone at Boss Capital. Period.
The Good (and this is why I haven't jumped ship, yet, but I wish I could...)
1. So far, the long term suggestions are pretty good. I have a few trades (I won't say how many.) that are long term right now (about a month or more), and all but one are ITM. They're generally smart, well-thought-out trading decisions.
2. My account manager can trade an important fundamental news announcement fairly well.
All-in-all
The trading platform is whatever--nothing special. I have three options accounts, and they are all very different. This is nothing like Nadex (obviously), and it's more sophisticated than CTOption, but a bit more clumsy as well but that could just be because it doesn't follow my ideal order-entering work flow. Also, the expiries on their options when combined with the payouts seem to result in relatively risky deals, but that could just be because I'm used to Nadex, idk. I have iPads and an iPhone, so I can't use their mobile app. I'd never use the mobile-optimized website; it looks horrifyingly jankety.
They seem to have either a lot of satisfied customers or have scrubbed the web of negative reviews. And I'm shocked there's so little on FPA about them. I'm giving them two stars because although it looks like I'll be profitable in the long term, and I am profitable right now, I've been lied to several times, and hence their "performance is significantly below expectations."
A
anonymous
, USA,
Aug 25, 2014,
Guest
I have 2 things against this company. First, when I was filling out my application with them, before I was even done. My phone rang and it was them. This surprised me a bit, but then they were trying to have me open my account with more money. Can you imagine, before I finished the paperwork, they were already hitting me up for more money.
Secondly and maybe this is just me, but when you're getting ready to place an order and you click on which currency pair you want to trade. It takes 2 to 3 seconds for it to come up, then, when you click on put or call, it takes another 2 to 3 seconds for that to process. Then when you hit the buy button, that takes about 2 to 3 seconds to process. So, if you're trading 60 second, 120 or 5 minutes, that wasted 5 or 6 seconds, or more, can have a pair move 1 or 2 pips before you get your trade thru. I don't like that!!!
Secondly and maybe this is just me, but when you're getting ready to place an order and you click on which currency pair you want to trade. It takes 2 to 3 seconds for it to come up, then, when you click on put or call, it takes another 2 to 3 seconds for that to process. Then when you hit the buy button, that takes about 2 to 3 seconds to process. So, if you're trading 60 second, 120 or 5 minutes, that wasted 5 or 6 seconds, or more, can have a pair move 1 or 2 pips before you get your trade thru. I don't like that!!!