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  1. #1
    Rookie Member

    razz Experienced Trader Getting Involved in BO, Hello !!!

    Hello,

    Been trading stocks/forex for a little bit now. I make my living off of it. I've been interested in BO for a little while, I made an account at BossCapital which went smoothly, I ended up taking my initial deposit out and left what I earnt in there to go back to. I'm not to fond of the broker though, their strike prices were way off of MT4 and some trades took an extra 30sec to finalize after the time ran out landing me in a loss. Looking to get into BO to earn more than I do in forex, 70% sounds awesome when I'm used to 20% or so in Forex. I've been looking for a good broker but haven't been able to find something that meets my likings. I'm in the U.S. so a lot aren't available, I would love one that doubles as a bank so I could hold funds in there no worry with FDIC insurance. But, I don't think that exist yet. A lot of these brokers seem to be copies. So I'm wondering what you guys would recommend? I'd love something with super advanced charting, from what I've seen has been the opposite.

  2. #2
    Moderator Kolyo's Avatar

    ok icon !!!

    Hi Cashmaster and Welcome to CommuniTraders!

    Unfortunately you are almost right and there arenít banks offering BO trading yet. Maybe in the future the industry will grow to that level like forex and commodity trading industry, but nobody knows when this will happen. I guess in not so distant future. There are few forex brokers offering binary options, like Dukascopy, AVA and Vantage, but most of the traders here prefer working with fully dedicated binary brokers. Some of them are really top notch and you can find them on BOTS recommended list but as you are US citizen it will be more difficult to find one. The other option is to trade with NADEX, but they are totally different story and have very different pricing models, which are not always appropriate for most strategies. I wish you success and if you have other questions let us know
    Last edited by Kolyo; 08-02-2014 at 02:15 PM.

  3. #3
    Veteran Member Ammeo's Avatar
    Its new form of trading so offcourse there's a long road ahead for it. The BO brokers are in their initial stages of establishment and will can only wait until we see much improved services, packages, charting etc. As for a recommended broker, what Kolyo linked will help in choosing one.

  4. #4
    Rookie Member
    Thanks for the advice guys, I've decided to stay with BossCapital for now though. Since, I've had a positive experience so far and they've also offered to set me up with same day withdrawals to handle the FDIC issue.

  5. #5
    Administrator Martin Kay's Avatar
    Quote Originally Posted by CashMaster View Post
    Thanks for the advice guys, I've decided to stay with BossCapital for now though. Since, I've had a positive experience so far and they've also offered to set me up with same day withdrawals to handle the FDIC issue.
    keep us updated about Bosscapital. Don't know them that much, would be interesting to see how they operate

  6. #6
    Rookie Member
    I have not had problems with Boss capital although I heard the same comments from some traders. Seems that the problems were the short term ( 1 minute, 2 minutes Call/put. I trade a little longer about 45 -90 minutes. I think anything less is pure gambling since trends do take time to develop. However, there have been times I wish I trade less like 30 minutes. This is just my opinion and what I am comfortable with. Anyway, at those time frames, I have not experienced any problems with Boss.

  7. #7
    Solid Member DeborahB's Avatar
    Hi Cashmaster,
    Just a thought...you have heard of TD Bank which owns TDAmeritrade I assume. I have read they have a ThinkorSwim platform which offers binary options trading. I have not tried it, but I might check more into it. Hope this helps.

  8. #8
    Specialist Member LesterK's Avatar
    Iím planning to try Nadex soon. Itís true that itís very different and it may have its disadvantages, but itsí well established and interesting to see what is going on there.

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