The Bulgarian/Romanian binary options broker BO Capital is one of those brokers that offers a solid trading platform where traders are basically left alone to do what they do best, trade. While lacking some of the support offered by more well-known reputable brokers, some of BO Capital’s features like their unlimited demo account and Open Platform trades make this broker stand out compared to mediocre platforms.
Software and Features
While having previously used the popular SpotOption platform, BO Capital has recently switched platforms to an in-house BO Capital platform and given their site a new design. This allows them to run a browser-based trading environment. The platform is easy to use, and includes some interesting features such as live graphs showing what other traders on BOCapital.com are currently trading. Although the actual broker website is quite bare and lacking educational resources, the free, unlimited demo account with $500 in play money is quite a nice feature.
Option Types Offered
The asset list at BO Capital is fairly standard, with options available on around 60 different major stocks, currency pairs, commodities, and world indices. On the plus side, there are a number of different types of options trades, including call/put options, one-touch options, 60-second options, and an options builder feature. There is also a useful system called Open Platform, where you can adjust trades while the option is open by selling the option early to avoid loss, or doubling up on an in-the-money option to increase profits. Trades can be made for as little as $10, with profit percentages maxing out at a decent 79%.
Account Types Offered
At the time of this BO Capital review, the broker was not offering different types of accounts based on set criteria. And although there have been 30% BO Capital bonus offers made in the past for new traders, it now seems that bonuses are offered on an individual basis depending on your initial deposit. The minimum deposit at BO Capital is $200 and can be made through major credit cards or bank transfers.
Following its redesign, BOCapital.com is still working on developing its site and trading platform to be all that it can be for its customers. Although there are some things missing at BO Capital, in general they have a great deal to offer traders, such as the free demo account and an extremely high level of flexibility with trades through their Open Platform; making them a broker to watch in the future.