Min Deposit: $ 100.00|Visit Website
BOCapital is a new player on the Binary Options arena. They were founded in 2011 and have their headquarters in Romania. They disclose very little on their website of who they are, which I find a little disconcerting. BOCapital use the Tradologic trading platform, which is not as common as other platforms but still quite a few Binary Options brokers use it. BOCapital offer a fairly good 81% maximum payout, which is in the upper mid territory, although not as good as the best Binary Options brokers out there. Available is also Boundary Options (Range), which only some brokers have on offer. The minimum deposit is $100, which is very low. This makes the entry threshold for aspiring traders very low and with a free demo account, BOCapital could be an interesting choice if it were not for the hush-hush on their origins and some other negatives. Read more below to get full information.
The major negative of BOCapital would be the very limited range of underlying assets. Only 35 assets are available, which must be one of the most limited ranges of underlying assets in the industry. Choice is important because we all have different interests and desires. For some Stocks are the best choice while for others Forex is the perfect vehicle to success. One ace up their sleeve is that BOCapital has a special underlying asset few others offer, Bund Bonds. This is a totally new asset, which is very popular with Futures traders in Europe, especially Germany. There is lots of liquidity as well, which makes it a excellent choice for Binary Options. Looking at the underlying assets it is obvious that BOCapital caters mostly to European and North American traders. This is unfortunate since many traders come from Asia and the Middle East. These traders want to trade assets that they can relate to and easier get success with. BOCapital do offer Forex so this is an asset which can be traded by traders from all regions, but it would be better if they offered assets for all.
Reliability seems to be very good. We haven’t found any faults with BOCapitals trading platform from Tradologic. It works well and orders are easy to enter. There is of course the typical delay between order entry and confirmation, but this is to be expected. Use a dedicated browser for best performance, for example Chrome or Firefox, which perform well even under heavy loads.
Charting is not a strong point in comparison to other platforms. The chart are about the same size as all the others, but there is noway of increasing the size or zooming in or out on the price data that is the most important for making a proper decision. There isn’t even a function for getting more past data, which you can on other platform. How are you then going to make a proper prediction about price direction for the next few minutes when there is very limited data at hand? Trading is difficult enough, there is no reason to make it harder by limiting the most rudimentary feature of price prediction. The charting is bad on most platforms, but is it really necessary to make it down right hard? I hope they read this improve their charting. Anyway, you can always use a free charting service to make better forecasts about price direction.
The trading interface is straight forward and intuitive to use. However, there is noway of saving your favorites, which makes it a little difficult to work with. Since BOCapital has very few underlying assets this is not such a large problem as with other brokers, but still it can be annoying to go through a long list of assets when you want to make your order entry at the heat of the moment. BOCapital offers a demo account which is very good, especially for beginners. For those that have very little experience with trading a demo account is almost a must to get the experience necessary for trading success. Depositing is eay as with most Binary Options brokers. BOCapital offers one unusual way of depositng, Western Union. This method is popular with many and it’s good that they are offering such alternatives.
Support includes all the usual ways, email, phone and Live Chat. We recommend Live Chat since it is the quickest way to get answers on your questions. With BOCapital also you also have access to a trading ebook laying out in layman’s terms the ins and outs of Binary Options. Take advanatge of this, it might help you become a better trader. Unfortunately there are no video series for those beginners that prefer to watch rather than reading. We are all different and each broker should remember that and make use of all the different media.
- Headquarters: Bucarest, Romania (for exact location see map below)
- Founded: 2011
- Domicile: Romania
- Minimum Deposit: $100
- Minimum Transaction: $10
- Maximum Transaction: $1000
- Markets: Forex, Stocks, Indices, Commodities
- Number of Assets: 35
- Max In-The-Money Return: 81%
- Max Out-Of-The-Money Return: 10%
- Lock-Out Period Duration: 5 minutes
- Option Frequency: Every 30 minutes
- Early Closure:
- Roll Over:
- High/Low Binary Options:
- One Touch Binary Options:
- Boundary Binary Options:
- Binary Options Builder:
- Sell Options:
- Long Term Binary Options:
- 60 Second Trades:
- Option +:
- Deposit Currency: US Dollar, British Pound, Euro
- Account Funding: Credit Card or Wire Transfer
- Accepts Clients From: All nationalities
- Demo Account:
- Deposit Bonus: , 20%-40%