General Information & Regulation
Big Boss Financial is a Forex Broker offering Forex Trading services via MetaTrader 4 and MT4 Mobile trading platforms. Regarding orders execution model, Big Boss Financial is a hybrid broker - both a-book and b-book broker (market maker). Big Boss Financial offers trading of currencies, indices, CFDs, cryptocurrencies and commodities. Big Boss is registered in Saint Vincent and the Grenadines and does not fall under any regulatory agency.
Markets Instruments
Big Boss offers wide range of financial instruments for trade: numerous currency pairs, CFDs on stocks, indices, commodities, and even Bitcoin.
Minimum Deposit
Big Boss offers all investors one standard account. Although it sounds acceptable, given the fact that Big Boss is an unregulated broker, traders are not advised to register real trading accounts here.
Micro Trade Size
Although almost all forex broker offer such, it is always a good thing to be able to trade in micro lots, especially if you are a newbie – smaller trade sizes allow for better risk management.
Leverage
The maximum trading leverage offered by Big Boss is up to 1:555. When it comes to leverage, we feel obliged to mention that it is a double-edged sword: It can both help traders earn spectacular profits by depositing very little, and cause significant losses. So, be careful with margin trading and do not feel obliged to make use of the msximum leverage a broker provides.
Spreads & Commissions
Big Boss Financials spreads are floating around 1.5 – 1.6 pips on EUR/USD, which is slightly above tha average. When we tried the demo MT4 platform, there were no commission fees.
Trading Platform Available
Big Boss offers MT4 trading platform. The Metatrader 4 is the most commonly used forex trading platform. Over the years, it has proved to be reliable and is highly praised for its options for its automated strategies, top-notch charting, and ease of use. The MT4 is provided by Big Boss Holdings Company Limited, while the client agreement mentiones Big Boss Financial Limited. The latter, by the way, was listed in the New Zealands Financial Services Providers Register, but got deregistered in 2015.
