This article provides a detailed introduction to the corporate background, regulatory information, account registration process, account types, trading software, trading products, spreads and leverage, deposit and withdrawal methods, and customer support of bigboss-financial. bigboss-financial is an online financial services platform offering forex and cryptocurrency trading, but it lacks transparency in regulation, so investors need to be cautious.
Corporate Background of bigboss-financial:
The official website of bigboss-financial is https://www.bigboss-financial.com/, referred to as Big Boss. Its domain was registered on June 20, 2013. According to its official website, Big Boss is operated by Big Boss Holdings Company Limited, with registered address at Vistra Corporate Services Centre, Suite 23, 1st Floor, Eden Plaza, Eden Island, Mahe, Seychelles. Further investigation reveals that relevant registration information related to bigboss-financial can indeed be found on the official registration website of Saint Vincent and the Grenadines, but the registered name is Prime Point LLC, with registration number 380 LLC 2020 and registration date May 15, 2020.
Regulatory Information of bigboss-financial:
It is important to note that the Financial Services Authority (FSA) of Saint Vincent and the Grenadines does not regulate financial derivatives. Therefore, although bigboss-financial has registration information in this area, it does not mean it is under any effective financial regulation. Currently, the bigboss-financial platform is not formally regulated, which is a significant concern for investors. The lack of regulation means that users' funds are not guaranteed, and the transparency and legality of trading activities cannot be assured. Hence, users should exercise caution when choosing to invest through the bigboss-financial platform to avoid potential risks.
Account Registration Process at bigboss-financial:
To open an account with Big Boss, please follow these steps:
- Visit the Big Boss official website and find the "Quick Account Opening" button to start the account opening process.
- Fill in the necessary personal information, including selecting the "MetaTrader5" platform, account type (e.g., "JPY Standard 1111:1 & CRYPTOS"), name, date of birth, email address, nationality/residence country, etc.
- Enter the verification code and carefully read the terms and conditions of the customer agreement, including terms related to leveraged forex trading and cryptocurrencies.
- Complete all information and agree to the terms, then click the submit button to complete the account opening.
Account Types at bigboss-financial:
Big Boss offers various account types to meet the needs of different traders:
- Standard Account: Suitable for general traders, using NDD STP mode, commission-free, with leverage up to 1111:1, supporting a variety of currencies and a wide range of trading pairs.
- Professional Spread Account: Designed for active traders, offering narrower spreads with NDD STP/ECN mode, a commission of $4.5 per lot per side, and leverage up to 1111:1.
- Cryptocurrency Account: Designed for cryptocurrency trading, supporting various cryptocurrencies, with the minimum order size depending on the traded cryptocurrency, no minimum deposit requirement, and 24/7 trading opportunities.
- Deluxe Account: A customized new account type offering flexible trading conditions to meet personalized needs.
Trading Software of bigboss-financial:
Big Boss offers two major trading platforms: MT4 and MT5. MT4 is known for its widespread use and Expert Advisor (EA) support, suitable for all types of traders. MT5 is an upgraded version of MT4, enhancing technical analysis and user experience, with increased speed and customization options. Users can access both platforms through Windows, Mac, and Web versions. Additionally, Big Boss offers a dedicated web trading platform for cryptocurrency traders, allowing direct trading via browsers.
Trading Products of bigboss-financial:
Big Boss offers various trading products, covering forex and cryptocurrency markets.
Forex Market Instruments:
- Major Currency Pairs: The platform supports mainstream cryptocurrency pairs such as BTC/USDT, ETH/USDT, suitable for cryptocurrency investors.
- Minor Currency Pairs: Including BTC/JPY and other crypto-to-fiat pairs, suitable for diversified investors.
- Exotic Currency Pairs: Involving crypto-to-non-mainstream currency pairs, offering high-risk, high-reward trading opportunities.
Cryptocurrency Market Instruments:
- Cryptocurrency Pairs: Supporting various crypto-to-USDT or JPY pairs, such as BTC/USDT, ETH/USDT, providing 24/7 trading opportunities.
- BigBoss Coin (BBC): A token issued by Big Boss, offering holders trading fee discounts, staking rewards, and various platform privileges. BBC enhances the platform's appeal, providing access to unique platform services.
What are the spreads, leverage, and commissions at bigboss-financial?
Big Boss offers flexible leverage options. Both Standard and Professional Spread accounts have maximum leverage up to 1111:1, but specific leverage ratios may vary depending on the account balance. Certain trading instruments, such as exotic forex pairs, CFD indices, and energy products, have fixed leverage of 100:1, while N225_JPY has leverage of 200:1. Cryptocurrency CFDs have leverage of 50:1. The Professional Spread Account also offers leverage up to 1111:1, using NDD STP/ECN trading mode, suitable for major, minor, and exotic forex pairs.
On spreads and commissions, Big Boss offers spreads for the EUR/USD currency pair typically ranging from 1.5 to 1.6 pips, with relatively transparent trading costs.
Deposit and Withdrawal Methods of bigboss-financial:
Big Boss supports various deposit and withdrawal methods. For deposits, users can choose bank transfer, credit card, or cryptocurrency. Bank transfers typically take 2-5 business days to process, while credit card and cryptocurrency deposits are usually completed within 0-2 business days.
Withdrawal methods include international bank transfers and BXONE. Bank withdrawals incur a fee of $20 or 2000 JPY, with specific fees potentially varying by the bank's location. Withdrawals usually take 2-5 business days to complete.
Customer Support of bigboss-financial:
Big Boss provides customer support through various channels, including blogs, Facebook, YouTube, and Twitter. Customers can gather information and support through these platforms. On Twitter, users can interact with the official account @fx_bigboss. The Facebook page provides company information and updates, where customers can also ask questions. The YouTube channel offers trading tutorials and educational videos, though it is not focused on customer support, the comments section can be useful. For more direct support, customers can contact support@bigboss-financial.com via email, typically receiving a reply by the next business day. Additionally, the official website offers a FAQ section to help users solve common issues.
Summary:
Although bigboss-financial offers various trading products and flexible trading conditions, its regulatory information is unclear, and investors should remain cautious when using this platform. Despite its rich trading software and customer support channels, users should pay special attention to potential risks during account registration and fund operations. Overall, bigboss-financial is attractive in terms of trading conditions, but there are certain concerns regarding legality and fund security. Investors are advised to fully assess the risks before choosing. Currently, bigboss-financial is shown as "Non-Regulated" on TraderKnows.
