Big Boss Review (2023)

Beware BigBoss is an Offshore Broker. It is NOT SAFE to trade.

• Company name: 

Big Boss Holdings Company Limited. BX Financial Group. Big Boss Financial Limited

• Registration Address/ License:

St. Vincent & the Grenadines. Offshore License, No Regulation. 

BigBoss is a trading name used by the Investment 4 Futures Limited company located at St. Vincent and the Grenadines. The company offers CFD and Forex trading on a vast of trading instruments through a range of account types and high leverage levels (Find out brokers with high leverage).

However, SVG is a known offshore zone, which does not implement strict standards for the financial firms and not overseeing their operation in case of the trustful service. For that reason, there are many companies that enable trading opportunities and actually operating frauds with a purpose to attract clients funds.

Even though it may not be the case of every SVG company the unregulated nature puts many questions, why the broker does not want to protect their client. In addition, recently BigBoss was added to the caution list updated by the Italian authority CONSOB, while stating that the company operated trading platforms and offering services without appropriate license or authorization.

“The BigBoss mentioned in this site internet not authorized to provide investment services to the Italian public as these companies are not entered in the register kept by Consob pursuant. You order to end the violation of Article 18 of the D.Lgs.n. 58/98 implemented through the website consisting in the offer and performance of services and investment activities towards the Italian public.”

CONSOB, Italy. July, 2018

Conclusion

World industry authorities advise potential investors and international traders to check the broker’s reputation and registration before any decision is done, especially while the company uses aggressive tactics to attract clients. Therefore, we advise to avoid BigBoss or any other offshore broker, check out the Regulated Forex Brokers list and choose among the reputable firms with the necessary compliance to the customer protection and legitimate follow of services provided.