Boss Capital is shutting down
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WARNING: This broker has been shut down due to numerous complaints and security issues. We strongly recommend trading with regulated and trusted brokers.
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Boss Capital is Shutting Down
After approximately three years in the binary options industry, Boss Capital is shutting down. Meteoric rise and fall of this company are probably the most distinctive features of its time in the trading industry, along with a great trading platform and a very versatile offer. In this article, however, we will try to give some basic information about what’s going on, attempt to discover why things turned out the way they did and provide all traders with some tips and advice on how to proceed. Keep reading and learn about the fall of one of the most popular brokers in this industry.
Boss Capital is shutting down | When?
First of all, the most important thing: all trading with this broker will be suspended on March 5th at exactly 12 AM GMT. In other words, you won’t be able to place any new investments with this company from that moment on. We have verified this information and the decision is of Boss Capital’s management is final, so don’t think that some crazy turnaround is possible. No, Boss Capital is shutting down for good. However, if you need a broker to replace them, we think you should read our 24option Review 2017 because this broker is currently at the very top of this industry. If you include the submodes, 24option’s platform offers more ways to trade and has more assets than the Boss Capital’s had, so you should be satisfied. But let’s now try to see why this is all happening. Stay with us!
Boss Capital is shutting down | Why?
Unfortunately, there are no official reasons telling us why Boss Capital is shutting down, so we can only speculate about what happened. It is a well-known fact, however, that 2016 was a very tough year for some binary options broker, Banc De Binary being the most prominent example. Another possible reason may be the failure to meet regulation standards, which may have forced a financial regulatory body to take measures against the broker. It’s worth noting that Boss Capital did not have any license, so the regulation issues being the cause of all this seems like a pretty plausible explanation. In any case, we can’t say for sure and the only thing we do know is the fact that from March 5th onwards, you won’t be able to trade here anymore.
Boss Capital is shutting down | Conclusion
Yes, Boss Capital is shutting down, the decision is final and the trading will stop pretty soon. We don’t know what the reason is for this since no official statement has been issued by the broker, but there are some causes that seem probable, as you could’ve seen in the paragraph above. Either way, be it regulation or financial problems, it doesn’t really matter. We are sad to see this company go, but we are also sure another one will rise to take its place.
CHECK OUT OUR LIST OF TRUSTED BROKERS HERE