Introduction
The internet is full of opportunities to make money, and binary options trading is one of them. However, as with any other online opportunity, there are also scams that you need to be aware of. In this blog post, we will be reviewing Boi-Trade.com to see if it is a legit website or a scam. We will also answer some common questions about the website, such as whether it accepts USA traders and what the minimum deposit is.
About Boi-Trade.com
Boi-Trade.com is an online brokerage that offers a variety of trading services to its clients. The company was founded in 2016 and is based in the United Kingdom. Boi-Trade.com offers its clients the ability to trade forex, CFDs, commodities, indices, and cryptocurrencies. The company also provides its clients with a variety of tools and resources to help them make informed trading decisions. Boi-Trade.com is regulated by the Financial Conduct Authority (FCA) and is a member of the London Stock Exchange (LSE).
Registration and Account Types
When you first visit Boi-Trade.com, you’ll see a prominent registration form asking for your name, email, and phone number. After completing this form and agreeing to the terms and conditions, you will be taken to the trading platform.
There are two account types available on Boi-Trade.com: standard and VIP. The standard account requires a minimum deposit of $250, while the VIP account requires a minimum deposit of $5,000. Both account types offer leverage of up to 1:200 and access to the same features and markets. However, VIP account holders enjoy additional benefits such as a personal account manager and exclusive market analysis.
The Trading Platform
The trading platform is the backbone of any online broker. It is the software that you will use to place trades and it needs to be user-friendly and reliable. Boi-Trade.com uses the popular MetaTrader4 (MT4) platform which is widely used by brokers around the world. The MT4 platform is available for download on desktop, mobile and web platforms so you can trade from anywhere. The platform is easy to use and has all the features that you would expect from a leading trading platform including charting tools, news feeds, economic calendars and more.
Trade Execution and Order Types
When it comes to online trading, there are a few key things you need to consider before choosing a broker. One of those things is the type of orders they accept and how they execute trades. In this Boi-Trade review, we’ll take a look at the different types of orders that Boi-Trade accepts, as well as how they handle trade execution.
There are two main types of orders that Boi-Trade accepts: market orders and pending orders. Market orders are executed immediately at the best available price, while pending orders are queued until the market price reaches your specified level.
Boi-Trade also offers a number of different order types for more advanced traders. These include stop loss and take profit orders, which can help you limit your losses or lock in profits on a trade. There are also trailing stoploss orders, which follow the market price down (or up) as it moves, and limitorders, which allow you to set a maximum price you’re willing to pay (or a minimum price you’re willing to sell at).
All of these order types can be placed directly from the Boi-Trade trading platform with just a few clicks. Trade execution is fast and efficient, so you can be sure that your order will be filled at the best possible price.
Bonuses and Promotions
When it comes to bonuses and promotions, Boi-Trade.com offers a few different options for its clients. First, there is a welcome bonus that can be worth up to $500. This bonus is available to new clients who make a deposit of at least $250 into their account. Second, there is a referral bonus that can earn clients up to $100 for each friend or family member that they refer to Boi-Trade.com who then opens an account and makes a deposit. Finally, there is an loyalty program that gives clients points for every trade that they make. These points can then be redeemed for cash or prizes.
Deposits and Withdrawals
Assuming you are referring to the deposits and withdrawals process of the Boi-Trade.com broker, we can say that it is pretty straightforward. For deposits, you can use either your credit card or wire transfer. The minimum deposit is $250, which is considered average in the industry. Withdrawals are also processed fairly quickly, within 3-5 business days.
One thing to note, however, is that there have been some complaints about the broker being unresponsive when it comes to customer service. So if you encounter any problems during the deposit or withdrawal process, it might be difficult to get in touch with someone who can help you resolve the issue.
Customer Support
At Boi-Trade, we take customer support seriously. We have a team of dedicated professionals who are available 24/7 to answer your questions and resolve any issues you may have. We also offer a comprehensive FAQ section on our website that covers all the basics of trading binary options.
If you need any help, don’t hesitate to contact us!
Conclusion
After reading this Boi-Trade.com review, it is clear that this is not a legitimate broker and you should avoid doing business with them. There are many complaints about them accepting USA traders and then not allowing withdrawals. In addition, their customer service is very poor and they do not seem to be interested in resolving any issues. Overall, we would not recommend doing business with this broker.