Boss Capital is shutting down

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Boss Capital is shutting down

WARNING: This broker has been shut down due to numerous complaints and security issues. We strongly recommend trading with regulated and trusted brokers.

Boss Capital is Shutting Down

After approximately three years in the binary options industry, Boss Capital is shutting down. Meteoric rise and fall of this company are probably the most distinctive features of its time in the trading industry, along with a great trading platform and a very versatile offer. In this article, however, we will try to give some basic information about what’s going on, attempt to discover why things turned out the way they did and provide all traders with some tips and advice on how to proceed. Keep reading and learn about the fall of one of the most popular brokers in this industry.

Boss Capital is shutting down | When?

First of all, the most important thing: all trading with this broker will be suspended on March 5 th at exactly 12 AM GMT. In other words, you won’t be able to place any new investments with this company from that moment on. We have verified this information and the decision is of Boss Capital’s management is final, so don’t think that some crazy turnaround is possible. No, Boss Capital is shutting down for good. However, if you need a broker to replace them, we think you should read our 24option Review 2020 because this broker is currently at the very top of this industry. If you include the submodes, 24option’s platform offers more ways to trade and has more assets than the Boss Capital’s had, so you should be satisfied. But let’s now try to see why this is all happening. Stay with us!

Boss Capital is shutting down | Why?

Unfortunately, there are no official reasons telling us why Boss Capital is shutting down, so we can only speculate about what happened. It is a well-known fact, however, that 2020 was a very tough year for some binary options broker, Banc De Binary being the most prominent example. Another possible reason may be the failure to meet regulation standards, which may have forced a financial regulatory body to take measures against the broker. It’s worth noting that Boss Capital did not have any license, so the regulation issues being the cause of all this seems like a pretty plausible explanation. In any case, we can’t say for sure and the only thing we do know is the fact that from March 5 th onwards, you won’t be able to trade here anymore.

Boss Capital is shutting down | Conclusion

Yes, Boss Capital is shutting down, the decision is final and the trading will stop pretty soon. We don’t know what the reason is for this since no official statement has been issued by the broker, but there are some causes that seem probable, as you could’ve seen in the paragraph above. Either way, be it regulation or financial problems, it doesn’t really matter. We are sad to see this company go, but we are also sure another one will rise to take its place.

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UPDATE (12.02.2020):

We have found out that Boss Capital has shut down their operations.

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Old Review:

Boss Capital is one of the most recently launched binary options brokers on the market. However, it has already established itself among the most elite platforms in the industry. Traders are provided with the latest in online trading technology and are offered a highly secure and profitable trading experience.

In reviewing Boss Capital, we found that it gives excellent choice to its customers, with almost 200 assets available to trade with. We found its customer care services to be particularly noteworthy, offering assistance in ten different languages. This explains Boss Capital’s rapidly growing global customer base, which has been a driving force in its expansion.

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We are confident that Boss Capital is well equipped to aid investors in maximizing their full profit potential. We found trading on their website to be highly straightforward and ideal for both beginners and seasoned traders alike.

The platform had also:

  • very accessible design
  • a user-friendly interface
  • simple trading process.
  • Boss Capital’s skilled team always on hand to offer expert advice
  • a vast array of educational resources to help traders get the most out of their account

Not too bad, I would say.

Basic information:

Online since: 2020
Jurisdiction: Gibraltar
Software: SpotOption
Max Returns: 85%
Minimum Deposit: $200
Minimum Investment: $10
Maximum Investment: $7500
Currencies: USD, AUD, CAD, EUR, GBP, Yen, RUB
Mobile: Yes
Countries: All nations excl. USA

– Excellent returns
– Good deposit bonus
– Over 200 tradable assets
– Low minimum investment

– Education center could be better

7 Binary Options Rating:

Account types

In our review of Boss Capital, we explored what each account package had to offer:

  1. Standard Account – Standard Account holders only need to deposit $200 to start trading and receive access to all of the basic trading features. This account is ideal for those new to binary options trading who wish to benefit from Boss Capital’s free educational resources
  2. Bronze Account – With the Bronze Account traders are granted a 20% welcome bonus and receive greater access to trading webinars and a dedicated account manager. We feel that this account is ideal for beginners who have already gained a firm grounding in binary options trading and have a good knowledge of the market.
  3. Silver Account – The Silver Account offers an even greater welcome bonus of 40%, access to informative webinars, expedited withdrawals and 2 risk-free trades. This account package is aimed towards investors who have a particular interest in refining their trading strategies.
  4. Gold Account – Gold Account members are awarded a significantly larger bonus upon signing up of 65%, access to exclusive online webinars and a personal account manager. Furthermore, Gold Account holders benefit from 5 risk-free trades and up to 80% fixed increased payout. This account is perfect for skilled traders.
  5. VIP Account – The VIP Account is the most exclusive package available, requiring a deposit of $100,000. We were particularly impressed by the host of elite and unrivaled benefits available for exclusive account holders. To learn more about the advantages available to Boss Capital’s elite customers, it is recommended to contact their Corporate Division.

Deposit Methods and Withdrawals

Boss Capital enables traders to deposit their funds securely via the following:

  • Visa,
  • MasterCard
  • wire transfer
  • electronic payments

The minimum deposit is $200 and investors can choose from Standard, Bronze, Silver, Gold and VIP account packages which offer an escalating number of perks and benefits. Account holders receive a generous welcome bonus and access to their own personal analyst and a range of trading webinars.

Screenshot

Customer Service

Boss Capital offers exceptional customer service which is available 24/7 to all of its clients. We found their customer support team to be highly knowledgeable and were particularly impressed to learn that support is offered in 10 different languages.

Traders are able to contact customer support via email, live chat and phone, with the added perk of a range of international toll-free numbers.

Conclusion/Summary

As a broker that is also used by many binary option robots, Boss Capital offers traders unparalleled service, a rich selection of tradable assets, numerous account packages, exceptional customer care and one of the most advanced educational academies in the industry. We are confident that both newcomers and advanced traders alike will greatly benefit from choosing Boss Capital as their binary option trading broker.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Russian, German, Portuguese, Greek, Spanish, Japanese, Arabic, Italian, French
Trading Options: High/Low, Touch/No Touch, Boundary, 60 Second Trades
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: daily, hourly, 15 minute, 60 second, weekly, monthly, end of the year
Deposits and Withdrawals: Visa, MasterCard, wire transfer, electronic payment
Withdrawal Time: 2 business days
Demo account: Yes

7 Binary Options review: Boss Capital : 4,5 stars.

Activist hedge fund Marcato Capital to shut down after drop in assets

BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday.

Richard McGuire, the firm’s founder and portfolio manager, began telling investors of his decision to return outside capital late last week, and expects to send the money back quickly because the portfolio is now largely in cash, the sources said on condition of anonymity.

McGuire had been selling positions over the last months to meet redemption requests.

A spokesman for Marcato declined to comment on Sunday.

The decision marks the end of a nine-year run for one of the hedge fund industry’s most celebrated newcomers who launched in 2020 with the backing of Blackstone Group, the world’s biggest hedge fund investor, and Ackman, his former boss at Pershing Square Capital Management. McGuire was the first former partner to leave Ackman, followed by Scott Ferguson, Roy Katzovicz and Paul Hilal, who have all set up their own firms.

McGuire over the years pressed companies ranging from DineEquity, now Dine Brands Global, which runs fast food restaurant Applebees, Bank of New York Mellon, auction house Sotheby’s, to footwear company Deckers Outdoor Corp for changes and won a fiercely contested proxy contest at Buffalo Wild Wings.

At its peak, Marcato managed roughly $3 billion in assets, but assets have now shriveled to a few hundred million, one of the sources said.

Returns tumbled late last year, leaving the fund with a sizable loss for 2020, an investor said. This year, while strong at the start, will also end in the red after some of the firm’s investments that are vulnerable to the effects of the U.S.-China trade war, like Terex Corp, took a hit.

From its launch through September 2020, Marcato International returned an average 10.7% a year, roughly double the 5.5% gain posted by its HFRI Event Driven: Special Situations Index.

Shrinking assets, while uncomfortable for all investors, are especially problematic for activist investors that push management to make changes ranging from buying back shares to selling off divisions to refreshing their boards.

An activist fund’s agreements with target companies often include pledges to keep a certain amount of money in the stock, something that can become difficult when clients demand their money back from the activist fund.

McGuire expects to keep managing his own capital and could in the future partner with others on investments, one of the sources said.

Raising new capital for activist funds has been tough since late 2020 when investors began worrying more about the prospects of a recession when long-biased activist funds often fare poorly. This year has been a winner for many activist funds as strong gains in the markets, specifically in the software and consumer sectors, have buoyed many portfolios including Ackman’s Pershing Square Capital Management, which has gained more than 50% this year.

But hundreds of hedge funds have also shuttered their doors this year. Hedge Fund Research reported that 540 funds shut in the first three quarters of 2020, while only 391 funds have launched during that time. In 2020, a total of 659 funds shut down, according to HFR data.

Reporting by Svea Herbst-Bayliss; Editing by Paul Simao

Boss Capital is shutting down

Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, Reuters reports, citing sources.

Richard McGuire, the firm’s founder and portfolio manager, began telling investors of his decision to return outside capital late last week, and expects to send the money back quickly because the portfolio is now largely in cash, the report said.

McGuire had been selling positions over the last months to meet redemption requests.

The decision marks the end of a nine-year run for one of the hedge fund industry’s most celebrated newcomers who launched in 2020 with the backing of Blackstone Group, the world’s biggest hedge fund investor, and Ackman, McGuire’s former boss at Pershing Square Capital Management, Reuters noted.

At its peak, Marcato managed roughly US$3 billion in assets, but assets have now shriveled to a few hundred million, according to one Reuters source.

Returns tumbled late last year, leaving the fund with a sizable loss for 2020, an investor said. This year, while strong at the start, will also end in the red after some of the firm’s investments that are vulnerable to the effects of the US-China trade war, like Terex Corp, took a hit.

McGuire expects to keep managing his own capital and could in the future partner with others on investments, Reuters cited one of its sources as saying.

Hundreds of hedge funds have shuttered their doors this year. According to Hedge Fund Research, 540 funds shut in the first three quarters of 2020, while only 391 funds have launched during that time.

In 2020, a total of 659 funds shut down, according to HFR data.

KIS Capital shuts down, to return $260m to investors

Sydney-based hedge fund KIS Capital will return the $260 million of funds to investors after 10 years of managing money.

The hedge fund’s management told staff on Thursday and wrote to clients on Friday morning to tell them of the decision, which they said would “come as a surprise”.

KIS Capital was founded in 2009 by Josh Best and Michael Surridge and had delivered annualised returns of 11.4 per cent to May, before deciding to return funds to investors.

“We are proud of KIS Capital’s long-term track record for outperformance, often through periods of extreme market volatility, made possible by the hard work of our talented and dedicated team,” Mr Best and Mr Surridge said in the letter to investors.

The fund said recent returns had been “disappointing”.

“Given the state of the market, KIS Capital directors have concluded that the best course of action at this point is for us to close both funds and return capital to all investors on an equitable basis, which we believe is in the best interest of investors.”

KIS, which stands for “Keep It Simple” was started in 2009 by Mr Best, who worked his way from the mail room at broker Tricom, and Mr Surridge, a former trader at French bank BNP, just after the global financial crisis.

It began with $5 million of capital and increased its funds to $150 million by 2020 before its assets peaked at $300 million.

The fund’s closure came after a tough 2020 for many long/short Australian hedge funds, many of which produced double-digit declines.

KIS fared better than most, eking out a 1.5 per cent return for the calendar year, while snaring a nomination for the Eureka Hedge best long/short Asian fund.

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