BigBoss

BigBoss is a Forex broker founded in New Zealand in 2013 and currently supervised by the St. Vincent and the Grenadines Financial Services Authority (SVGFSA). World-renowned kickboxer Bob Sapp is their official ambassador.

BigBoss is constantly improving their services with usability in mind, including the quick open account that can be opened in only 3 minutes without identity verification, and the attentive support. It is designed to open the door for traders with little experience of Forex or using international brokers.

BigBoss offers a bonus that boosts deposits with its cryptocurrency BigBoss Coin (BBC) by 10%, and a trading bonus to give traders BigBoss points (BBP) that can be exchanged for credits at a rate of 6BBP = $1 (USD), depending on the volume of trades.

Traders will be able to earn more BBP per lot, as their status increases according to the total number of trading days under the BigBoss Loyalty Program. Traders with higher status can relax their leverage and cash in their BBP as well. You can find more trader-oriented services at BigBoss, including attractive limited-time events and gachas with credit prizes.

As trading platforms, you can download MetaTrade4 (MT4) / MetaTrader5 (MT5), as well as their official app “BigBoss QuickOrder”.

On BigBoss Standard and Pro Spread accounts, you can trade Forex currency pairs and CFD with up to 1:1,111 leverage. The average spread is at the standard level, USD/JPY 0.5pips and EUR/USD 0.8pips for Pro Spread account, and the transaction fee is set on the slightly high side at $ 4.5 (USD) one way. We can see that their trading costs are somewhat high. Yet, they are gradually improving the trading conditions reflecting user feedback, such as lowering the spread for the increasingly popular CFDs and improving customer services. Other account types include Cryptos accounts for trading at a cryptocurrency exchange produced by BigBoss and Premier accounts managed by fund managers instead of users. While being a beginner-friendly Forex broker with easy account opening, it also has some drawbacks such as a small lineup of CFDs and moderate running costs, which hopefully will be improved in the future.

BigBoss is expanding the number of users around the world with its user-first attitude and continuous improvement. We can expect to see more of it in the future.