BOcapital.com Review Is It a Scam
Although you may have heard of options trading before, chances are that “binary options” is a term that you are not familiar with. BO Capital is an investment firm that offers its members the ability to trade digital binary options as a means to make profits. Some individuals feel that this company is running a scam and should be avoided at all costs. Others tout the opportunity to make money quickly and easily. If you are interested in trading binary options, it’s highly recommended that you do your due diligence in determining the legitimacy of this investment model.
What Is Binary Options Trading?
To understand the basics of trading binary options, you have to know that each transaction is comprised of three distinct parts: the underlying asset, the binary option contract, and the prediction.
– Underlying asset: can be stocks, currency pairs, commodities, and indices.
– Binary option contract: the contract stipulates how much time is remaining before the option expires. These typically last from one hour to one month.
– Prediction: the trader must predict which direction he thinks the value of the underlying asset will move to before the option expires. If he believes that the underlying asset with move up in value, he will place a Call option. Consequently, if he believes that the asset will go down in value before the expiration time, he will purchase a Put option. Traders can almost double their investments if they can accurately forecast the direction in which the underlying assets will move toward.
What Makes This Investment Firm Different?
BO Capital has two features that make it stand apart from other investment firms offering binary options trading. The “Close Now” feature allows a trader to close an option early if he believes that the option will not perform has he predicted. This feature can assist traders in locking in the profits of options that initially were moving in the correct direction but have started to go toward the “wrong” direction. The “Close Now” feature also allows traders to minimize their losses if the option is going much differently than he had predicted it would go.
Another function unique to this firm is their “Roll Over” feature. As the name implies, this feature allows traders to “roll over” their options by extending the time before it expires. This would be beneficial if the underlying asset that you chose starts to move in the direction you predicted late in the option time-frame.
Is BO Capital running a scam? The answer is a definitive “no.” However that being said, trading binary options is a very risky investment model that should be avoided by just about all investors. If you have money to burn and want to take your chances with binary options, you certainly can do so. But keep in mind that unless you are highly skilled at predicting the direction of how assets will move, you will most likely lose your money very quickly.
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I appreciate your review. It appears to be given in all honesty. The one problem I have with binary option brokers and forex brokers reviews is that nobody seems to comment on the ease of withdrawing one’s winnings when they desire to do so. My experience with many brokers after about 10 years of online trading is that most of them seem to give you a very hard time to withdraw your earnings although I haven’t seen any problems with funding. They like to make you jump through hoops sometimes to withdraw the money that is yours. To me this is very important because I trade to win. I have blogs and I realize that we need people to click on our affiliate links but I believe a review should be upfront and honest as yours is. Just my 2 cents worth. Ed
It is a scam! Be carefully!
I had an account with Bocapital. In the begaining they said to me that there is no spred, then after I made some money they added a 12 pips spred on EUR/USD and made it imposible for me to win. I recognize that, I stoped trading digital and start to trade range options. At the begaining I traded range options with max 100 Eur/per trade and then they limited me to 10 Eur/trade. And everyday they said to me that they will talk with the technical support and they will solve the problem and so on. Lies, lies, lies. I tried to withdraw all profits and only the deposit and 50% of profit I could withdraw. After this they close my account with no reason and they told me simply that our relationship is over and that was it!
Bocapital is not the company to invest money if you want to make money from this industry.
It is a scam!
Avoid Bocapital! Thare are other big companies wich respect you a lot(for example 24options.com, bdbinary.com).
BOcapital is a broker that handles binary options. They advertise that there are no spreads charged and you can withdraw up to your account balance at any time.
I placed $100.00, the min. deposit, into my trading account on May 28, 2012. On May 30, 2012 my account was up to $750.00. At this point I tried to withdraw $150.00, to test the waters, following their directions to the letter. The withdrawal section of the platform would not let me enter $150.00 but would let me enter $100.00. So I contacted support to ask why. They replied by email that they didn’t know but would get back to me. I accepted this and went back to trading.The next trade I took I had 25 pips added to the strike price and another 20 pips were added to the market price when I committed to the trade. I am now trading against 45 pips to break even. At first I did not realize this until after the trade was engaged. I was used to checking the price listed as “our price” then setting up the trade using their line chart as a guide before engaging the trade. Needless to say I lost that trade. I still wasn’t sure how because according to my Meta 4 platform I had won by 32 pips. I use meta trader 4 to track my trade.
On the next trade I took screen shots of the market price before I did the trade setup and then a screen shot at trade setup and a third screenshot when I committed to the trade. This clearly shows the 25 pip spread added to strike price and then another 20 pips added to market price when the trade was engaged.
With three screenshots taken within a 2 second time laps, it’s easy to see what was going on. I contacted customer service with this new problem. They had “never heard of this happening before”. They said I need to take a screenshot so they can investigate the problem. I sent the screenshots I had taken explaining the price changes on every screenshot. Their next email said they were having a problem reading some of the numbers so I placed the screenshots in the body of the email where there could be problem in reading. There next email said they would turn the matter over to the tech dept which is in another location and get back to me by Monday. When I asked if they could resolve the withdrawal problem they asked for a screenshot of what the withdrawal section of the platform said. I had already did a copy and paste of what it said but I did follow up with the requested screenshot anyway.
My account now has $588.60 in it and I can’t trade against a 45 pip spread with a 30 min. option. This spread situation was not present during the demo account or the live account till it hit $750.00 mark.
They state in their FAQ
“Is there a minimum withdrawal amount?
You may withdraw any amount up to your remaining balance”
The withdrawal section of the platform still reads
“You have reached the maximum withdraw request allowed. If you would like to modify your request go to the “Withdraw Request” and cancel the previous request”
It still shows my first withdrawal of $100.00 pending as of May 30.
I have not been contacted by them today and they said on Friday I would be contacted on Mon. morning. They now refuse to answer any emails.
THIS COMPANY IS A SCAM!!!!!!!!!
BO Capital = total Scam, Con Artist!!
They refused withdrawal of my profit and my initial deposit too!! I blamed myself for not doing enough research, It is sicking I tell you; ones you deposit your money into their account you will never get it back!!!
Thank you for this information it was very helpful!