Big Boss was founded in 2013. Big Boss is a Forex trading company. They are putting the power into marketing, and it is gradually increasing its name recognition and is being recognized by traders. The disadvantage is that there are only a few currency pairs available, but there are also places where you do not need to submit identity verification documents to open an account, so you can easily open an account. The maximum leverage is 999 times and there are no restrictions on scalping and automatic trading. It will also be a company that has a financial license.
Company information
BigBoss is an FX brand operated by Prime Point LLC. The FX virtual currency trading service will be available in 2013, and it is still an emerging company.
| Company Name | Prime Point LLC |
| Headquarters location | P.O. Box 1823 Kingstown, VC0100 St. Vincent & the Grenadines |
| Business start date | June 12, 2013 |
| Capital | 1000000USD |
| Number of employees | 30 |
License
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is Big Boss licensed?
| Company Name | Acquisition license |
| Prime Point LLC | St. Vincent and the Granadeen Financial Services Agency (SVG) |
Email support
BigBoss is available for email support and live chat support. The customer support window is open from 10:00 to 18:00 Japan time from Monday to Friday for both email and chat. In addition, there is telephone support, so it is fulfilling. Please note that there is no 24-hour support. Rest assured that any support will be answered within a day.
| Inquiry method | Contents |
| Japanese is available from 10:00 to 18:00 (Japan time) on weekdays. In the case of English, it is possible to respond from 8 to 16 o’clock (Japan time) on weekdays. | |
| Live Chat | Both Japanese and English are available from 10:00 to 18:00 (Japan time) on weekdays. |
| Phone | Japanese is available from 10:00 to 18:00 (Japan time) on weekdays. In the case of English, it is possible to respond from 8 to 16 o’clock (Japan time) on weekdays. |
Supported language
The following languages are supported.
- Japanese
- English
Loss compensation
BigBoss has introduced a zero cut system, so if the account balance becomes negative, BigBoss will compensate for the loss and return to 0.
Withdrawal method
There are the following methods for withdrawing Big Boss. All of them require a fee of 2,000 yen.
| Withdrawal method | Contents |
| Bank withdrawal | The number of days for depositing withdrawals from banks is about 2 to 5 days. |
| bitwallet | A flat fee of 824 yen is required for withdrawals from bitwallet. The deposit days are about 1 to 5 days. |
| BXONE | The withdrawal fee from BXONE is 1% of the withdrawal amount and a minimum fee of 2,000 yen is set. The deposit days are about 1 to 5 days. |
Payment method
There are the following deposit methods for BigBoss.
| Payment method | Contents |
| Bank remittance | A fee of 1,000 yen will be charged for deposits of 50,000 yen or less. It will be reflected in 1 to 3 business days. When crossing countries, it will be reflected in 2 to 5 business days. |
| Credit / debit card | There is no fee. It will be reflected immediately. |
| Cryptocurrency | There is no fee. It will be reflected in 0 to 2 business days. Compatible with altcoin and bitcoin. |
| BXONE | There is no fee. It will be reflected in 0 to 2 business days. |
| bitwallet | There is no fee. It will be reflected in 0 to 1 business days. |
Account type
BigBoss is divided into several accounts according to each trader’s preference. You can choose your favorite type. The differences are summarized in a table.
| item | Standard | Pro spread | FOCREX account |
| Order execution method | NDD ECN | NDD ECN | CEX |
| Transaction fees | none | $ 4.5 | 0.2％ |
| Trading account currency | Japanese Yen / US Dollar | Japanese Yen / US Dollar | Japanese Yen / US Dollar / BTC / ETH / OMG / QASH / EXC / AX / XRP / NEO |
| Minimum transaction unit | 0.01 | 0.01 | BTC/USD：0.00001BTC ETH/USD：0.0001ETH ETH/BTC：0.0001ETH EXC/USD：0.0001EXC XRP/USD：100XRP NEO/BTC：1NEO RSVC/USD：1RSVC BXC/USD：10,000,000BXC |
| Maximum leverage | 999 | 999 | 1 |
| Trading platform | MetaTrader4 | MetaTrader4 | FOCREX trading site |
| Brand | FX pair: 33 Precious metal: 2 Energy: 2 Stock index: 6 Cryptocurrency: 30 | FX pair: 33 | Cryptocurrency: 8 |
| Maximum lot number | 50 | 50 | ETH/USD：1,000ETH ETH/BTC：1,000ETH BTC/USD：100BTC EXC/USD：100EXC XRP/USD：10,000XRP NEO/BTC：100NEO RSVC/USD：100,000RSVC BXC/USD：10,000,000BXC |
| Margin | none | none | Yes |
| Stop-loss | 20% | 20% | none |
| Spread | narrow | narrow | narrow |
| Demo account | Yes | Yes | Yes |
| Bonus | Yes | Yes | Yes |
Currency pair
BigBoss supports the following currency pairs. I also listed the average spread. (FOCREX account is virtual currency only.)
| Currency pair | Standard account | Pro spread account |
| AUD/CAD | 2.3pips | 0.8pips |
| AUD/CHF | 2.6pips | 1.2pips |
| AUD/JPY | 1.8pips | 0.7pips |
| AUD/NZD | 2.9pips | 0.9pips |
| AUD/USD | 2.0pips | 1.0pips |
| CAD/CHF | 2.6pips | 1.0pips |
| CAD/JPY | 2.2pips | 0.7pips |
| CHF/JPY | 2.4pips | 1.0pips |
| EUR/AUD | 3.3pips | 1.6pips |
| EUR/CAD | 3.0pips | 1.4pips |
| EUR/CHF | 3.5pips | 1.2pips |
| EUR/GBP | 3.0pips | 1.1pips |
| EUR/JPY | 1.9pips | 0.6pips |
| EUR/NZD | 3.8pips | 2.1pips |
| EUR/SGD | 2.4pips | 1.5pips |
| EUR/USD | 1.9pips | 0.5pips |
| GBP/AUD | 3.8pips | 2.6pips |
| GBP/CAD | 3.6pips | 1.8pips |
| GBP/CHF | 3.5pips | 1.5pips |
| GBP/JPY | 2.4pips | 0.9pips |
| GBP/NZD | 5.7pips | 3.5pips |
| GBP/USD | 2.1pips | 0.9pips |
| NZD/CAD | 2.9pips | 1.6pips |
| NZD/JPY | 2.5pips | 1.0pips |
| NZD/USD | 2.1pips | 0.9pips |
| USD/CAD | 2.2pips | 1.1pips |
| USD/CHF | 2.0pips | 0.8pips |
| USD/CNH | 1.8pips | 0.8pips |
| USD/JPY | 1.4pips | 0.2pips |
| USD/SGD | 2.0pips | 1.1pips |
| USD/RUB | 15.0pips | 10.0pips |
| USD/TRY | 35.0pips | 25.0pips |
| USD/ZAR | 50.0pips | 50.0pips |
Scalping trade
BigBoss is a scalping-approved vendor. BigBoss Forex currency pairs have low spreads even on standard type standard accounts. Therefore, we can recommend it.
Automatic trading is at your own risk
Big Boss can also be bought and sold automatically. You can use it, but if there is a one-sided trend, the unrealized loss will be large and all the principal will often fly away. Although it is your responsibility to invest in general, please be aware that EA trades can fail in one trend even if the winning percentage exceeds 90%.
Low risk, low return for beginners
Beginners should not be familiar with Forex yet, so start trading with a small number of lots. If you have one position and one lot, you will not suddenly go bankrupt. Let’s start low risk and low return.
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Big Boss, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below. BigBoss has no restrictions on scalping, double-decker, automatic trading, etc. It is possible to buy and sell automatically using EA on the trading tool MT4.
| Case study | Contents |
| Account name and withdrawal name are different | Withdrawals are not possible to prevent money laundering. |
| Banks without SWIFT code registration | BigBoss does not allow you to withdraw from a bank account that does not have a SWIFT code registered. |
| Transactions that overload the server due to ultra-short-term trading | A user who has traded many times at super high speed has had an account freeze in the past. |
| Arbitrage | Arbitrage is prohibited. |
| Double-decker transaction with multiple accounts | Double-decker transactions are possible if the same account is used, but if the accounts are different, it is a fraudulent transaction. |
Full support
In the case of BigBoss, there is only support in Japanese and English, but you can rest assured that you will be able to respond immediately to both email and live chat.
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