Summary of BigBoss
BigBoss is a forex broker based in Saint Vincent and the Grenadines.
Based on the supervision of Saint Vincent and the Grenadines authority.
BigBoss aims to provide high quality service, and customers’ best interest is always laid at the first place.
Awards
Trading Conditions for BigBoss Users
Account Types
| Standard | Pro Spread | |
| Account Currency | USD, JPY | USD, JPY |
| Account Trade Model | NDD ECN | NDD ECN |
| Trade Pairs | Forex Major, Forex Minor, CFD, etc | Forex Major, Forex Minor |
| Leverage | Maximum 1111:1 | Maximum 1111:1 |
| Trade Units |
＜Forex＞ 1Lot = 100,000 currency unit |
＜Forex＞ 1Lot = 100,000 currency unit |
| ＜CFD＞ XAUUSD: 1Lot = 100 unit XAGUSD: 1Lot = 5,000 unit N225: 1Lot = 1,000 unit NDX, SPX, UK100, WS30, HSI, GER30: 1Lot = 10 units UKBrent, USCrude: 1Lot = 1,000 unit |
||
| Minimum order size |
＜Forex＞ 0.01Lot |
＜Forex＞ 0.01Lot |
| ＜CFD＞ 0.1Lot ※XAUUSD, XAGUSD, Crypto CFD : 0.01Lot |
||
| Commission | None | 1 Lot one-way $4.5 |
| Trading Bonus | Forex、Crypto CFD | Forex |
Leverage
You can open an account with a leverage value of “1111:1”, and use your funds efficiently.
When creating an account you can select the leverage that you desire.
To avoid the risk of loss due to the high leverage, we have a variable leverage system based on your balance.
Correspondence table of variable leverage system and Account Balance
| Account Currency Type | Account Balance | Leverage |
| USD | $0 – $19,999 | 1111:1 |
| $20,000 – $49,999 | 555:1 | |
| $50,000 – $99,999 | 200:1 | |
| $100,000 and above | 100:1 | |
| JPY | ￥0 – ￥1,999,999 | 1111:1 |
| ￥2,000,000 – ￥4,999,999 | 555:1 | |
| ￥5,000,000 – ￥9,999,999 | 200:1 | |
| ￥10,000,000 and above | 100:1 |
Trade Sizes
Forex
Forex on all accounts has minimum trade size of 0.01 lots which is also known as a micro lot.
CFD
For the standard account, all CFDs will have a minimum lot size of 0.1 lots and all others will have 0.01 lots except for ETH/USD and NEO/USD which will have a lot size of 0.02 lots.
Trading Costs
The standard account uses a spread based system instead of any additional costs, we will look into the spreads later in this review.
The pro spread account has an additional commission added to each trade of $4.5 per lot traded which is reasonable as the industry standard seems to be around $6 per lot.
There are also swap charges which are either paid or received for holding trades overnight and can be viewed from within the trading platform (MetaTrader 4).
Spreads
If we look at EUR/USD the spreads are around 1.6 on the standard account and 0.7 on the pro spread account, GBP/USD is around 2.3 on the standard account and 1.2 on the pro spread account.
The standard account has pretty normal spreads however the pro spread account has quite high spreads when comparing it to other commission-based accounts.
Trading Bonus
Forex
For Forex Major and Forex Minor, Trading Bonus of $4 will be distributed on every lot traded and the amount of the bonus will be counted and credited to your account(s) according to the total traded lots per week.
CFD
For Crypto CFDs, $5.00 Trading Bonus giveaway is for every $100,000 transaction.
The trading bonus per lot will be counted for each currency pair and distributed based on the total traded lots on a weekly basis.
What is Trading Bonus？
Trading Bonus, which is only for trading usage, is distributed as Credit to your account.
Eligible Currency Pairs
Trading Bonus is only distributed for Forex trading and Crypto CFD. The followings are not applicable.
Account Types
Trading Bonus is only applicable for Standard Account, MASS Standard Account and Pro Spread Account.
Trading Bonus Calculation and Distribution
For Forex, the trading bonus will be counted on traded lots weekly（GMT 0 Sun.-Sat.） and distributed on the next Monday.
For Crypto CFD, the trading bonus will be calculated based on the weekly lots traded during Sun.-Sat.（GMT 0）and exchange rate on every Sunday 0:00（GMT 0）and be distributed on the next Monday.
＼Open an account for free／Open my account with BigBoss
Platforms
MT4（Metatrader 4） is most popular and widely used electronic trading platform by online retail foreign exchange traders.
MT4 is equipped with the main indicators for trading.Now, the newly developed indicators are available for download.You can install the automated trading program called EA (Expert Advisor) to make automatic trades on your behalf, while you are at office or while sleeping.
BigBoss MT4 can be downloaded free of charge for both live and demo accounts. Please start trading with BigBoss.
Minimum Deposit
There is no set minimum deposit which means you can deposit with any amount hat you want.
Deposit Methods & Costs
Big Boss currently allow you to deposit using all major credit and debit cards including Visa and MasterCard, they also accept bank wire transfers and bitcoin, it does not appear that e-wallets such as Skrill or Neteller are available to deposit with.
Withdrawal
The same methods for depositing are available for withdrawing.
Big Boss state that they will aim to process any deposits within 48 hours, after this processing time it will take bitcoin as long as it takes for there to be enough confirmations, for bank transfers it will take between 3 to 5 business days and card transfers will take between 1 to 7 business days.
Customer Service
It seems like there is only one way to get in contact with Big Boss and that is through an online form where you fill in your query and submit the form, you should then receive an email within the next couple days.
＼Open an account for free／Open my account with BigBoss
