Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

BOSSA

Czech Republic|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://bossa.cz/cs/

Website

Rating Index

Contact

+48 518 441 563
sales@bossa.cz
https://bossa.cz/cs/
Václavské náměstí 17, 110 00 Praha 1

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed BOSSA also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Sway Markets

7.68
Score
1-2 yearsRegulated in AustraliaAppointed Representative(AR)Self-developed
Official website

IronFX

7.54
Score
10-15 yearsRegulated in CyprusMarket Making(MM)Global Business
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

BOSSA · Company Summary

Aspect Information
Company Name BOSSA
Registered Country/Area Czech Republic
Founded Year 2020
Regulation Not regulated
Market Instruments Stocks, Bonds, Foreign Exchanges
Account Types Standard and Professional Accounts
Spreads Range from 1.0 pips to 3.5 pips
Trading Platforms BOSSAMobile, bossaNOL3, bossaStatica5
Customer Support +48 518 441 563, sales@bossa.cz
Deposit & Withdrawal Bank transfers
Educational Resources Courses for beginner and advanced investors, covering various aspects of trading

Overview of BOSSA

Founded in 2020, BOSSA, headquartered in the Czech Republic, presents a comprehensive selection of trading assets, encompassing stocks, bonds, and foreign exchanges. The platform stands out for its variety of trading tools, competitive fee structure, and a wealth of educational resources.

Despite these strengths, users may encounter challenges related to customer service and extended wait times. It's crucial to note that BOSSA operates without regulatory oversight, signaling a potential risk factor for investors who value a regulated trading environment.

Overview of BOSSA

Is BOSSA legit or a scam?

BOSSA operates without regulation, lacking oversight from any authoritative body.

The absence of regulatory supervision raises questions about investor protection, financial transparency, and adherence to industry standards. The impact of being unregulated includes heightened risks for traders, as there is no external authority ensuring fair practices, ethical conduct, or the resolution of potential disputes.

Investors should thoroughly assess the potential implications of choosing a trading platform that operates without regulatory oversight.

Pros and Cons

Pros Cons
Various Assets including stocks, bonds, index and energy and agri-food markets Unregulated
Multiple trading tools and applications Customer Service Challenges
Educational Tools Prolonged Wait Times
Competitive Fees Issues with Fund Withdrawals
Extensive Resources including market analysis, news Complex website navigation
Mobile Trading Language supported only Russian

Pros:

  1. Various Assets: BOSSA offers a wide range of trading assets, including stocks, bonds, index and energy and agri-food markets, etc.

2. Multiple Trading Tools: The platform provides various trading tools and applications, enhancing the overall trading experience.

3. Educational Tools: BOSSA offers educational resources, including courses suitable for both beginners and advanced users.

4. Competitive Fees: The platform features competitive fees, potentially reducing the overall cost of trading.

5. Extensive Resources: Traders have access to a wealth of resources, including market analysis, news, and other valuable information.

6. Mobile Trading: BOSSA facilitates trading on the go through mobile applications, offering flexibility to users.

Cons:

  1. Unregulated: BOSSA operates without regulation, posing potential risks for investors.

2. Customer Service Challenges: Users have reported challenges with customer service, including difficulties in reaching support.

3. Prolonged Wait Times: Some users experience extended waiting periods for customer service responses, impacting prompt issue resolution.

4. Issues with Fund Withdrawals: Users encounter problems when attempting to withdraw funds from their accounts.

5. Complex Website Navigation: The platform's website navigation is reported to be complex, potentially causing inconvenience for users.

6. Language Supported Only in Russian: The language support on the platform is limited to Russian, which may pose a barrier for non-Russian speakers.

Market Instruments

BOSSA provides a wide array of trading assets to meet the needs of investors. Stocks and bonds form a foundational component of the offering, allowing users to engage in equity and debt instruments.

The platform facilitates trading in Contracts, enabling users to explore various derivative instruments.

Investors can also access foreign stock exchanges and participate in Individual Retirement Accounts (IKE and IKZE).

The Primary market functionality supports engagement in initial offerings, and the Register of shareholders provides transparency on ownership.

For those interested in specialized markets, BOSSA extends its services to include energy and agri-food markets.

The platform further offers Management and Consulting services to assist investors in making informed decisions. Various Investment tools are available, empowering users with analytical capabilities.

Market Instruments

Account Types

BOSSA provides two distinct account types: Standard and Professional.

The Standard account is tailored for a broad user base, featuring predetermined spreads for transparency and simplicity, making it suitable for retail traders.

In contrast, the Professional account serves experienced traders, offering variable spreads that can provide potential cost savings based on market conditions. Eligibility criteria apply to the Professional account, ensuring it meets the needs of traders with a deeper understanding of market dynamics.

Users should choose between these accounts based on their trading preferences, experience level, and desired features.

How to Open an Account?

Opening an account with BOSSA is a straightforward process that can be completed online. Follow these concrete steps to successfully open an account:

  1. Sign the Framework Agreement:

  • Visit the BOSSA website and complete the registration form.

  • If you wish to increase payment limits for an IKZE account, submit a registration application as a natural person. The option to declare an increased deposit limit will be available in the IKZE application.

2. Verify Your Email:

  • Open the email sent by BOSSA to the address provided in the registration form.

  • Click on the link in the email. Afterward, your ID will be displayed, and you'll receive a temporary password via SMS. Ensure to save this information for future logins.

3. Upload Required Documents for the Framework Agreement:

  • Log in to your account and click the provided link to upload necessary documents.

  • Upload both sides of your ID card, a document confirming your address (utility bill or bank statement not older than 3 months), and a legible signature specimen annotated with the current date or document upload date.

4. Activate Framework Agreement and Open Investment Account:

  • After document verification, BOSSA will activate the Framework Agreement and send you an email with relevant details.

  • Log in to the trading website using the provided ID and temporary password.

  • Open your desired investment account. The bank account number for transfers will be available in the Instructions/Transfers tab on the transaction website.

5. Complete the Verification Transfer:

  • Initiate the first transfer, which is crucial for identity confirmation and cannot be skipped.

  • With this step, you have successfully completed the account opening process and can start investing through BOSSA.

How to Open an Account?

Spread & Commissions

BOSSA imposes various spreads and commissions on its users, with specific rates depending on the type of transaction. Customers holding online accounts who execute orders over the phone encounter specific commission rates.

For stock market orders, a commission of 0.95% is applied, subject to a minimum fee of PLN 5.

Index contracts attract a fixed commission of PLN 15, while options transactions are charged at 2.5% of the option value, with a minimum of PLN 2 and a maximum of PLN 15.

Spread & Commissions

In addition to the commission details, BOSSA specifies the spread for various currency pairs. The spread represents the difference between the buying and selling prices, and the following are the spread descriptions for selected symbols:

Symbol Description Spread
EURUSD Euro vs. USD 1.2 pips
GBPUSD GBP vs. USD 2.4 pips
USDCHF USD vs. CHF 2.1 pips
USDJPY USD vs. JPY 1.1 pips
EURJPY Euro vs. JPY 2.0 pips
GBPJPY GBP vs. JPY 3.5 pips
EURGBP Euro vs. GBP 2.0 pips
USDCAD USD vs. CAD 2.5 pips
EURCHF Euro vs. CHF 2.5 pips

These spread values provide insight into the cost structure associated with trading these currency pairs on the BOSSA platform, allowing users to make informed decisions based on transparent pricing information.

Trading Platform

BOSSA's trading platform offers a range of tools and features designed to facilitate investors in speculation, analysis, and market data retrieval.

The mobile application, bossaMobile, enables users to execute orders and access quotes conveniently on both the Warsaw Stock Exchange (WSE) and foreign stock exchanges. The platform incorporates AT charts and indicators, including candlestick charts and technical analysis indicators with editable parameters. Additionally, users can perform transfers, repayments, and credit line top-ups. Live quotes from WSE and foreign stock exchanges, along with stock exchange session statistics, are available. The wallet feature provides insights into portfolio value, securities, profit and loss, and transaction history.

Trading Platform

Investors can access historical quotes with customizable data ranges and chart intervals. Notifications keep users informed about significant account events, including completed transactions. The platform offers news services, delivering market comments, stock exchange updates, and macroeconomic calendar information, along with PAP and ESPI announcements. BOSSA's new login mode enhances security, allowing users to log in using fingerprint or facial biometrics.

Furthermore, BOSSA provides multiple applications for viewing quotes, suitable for users with varying expertise levels, from beginners to advanced. The chart and AT applications, including Charts and Amibroker, offer modern technical analysis tools and real-time analysis capabilities for trading systems.

Trading Platform

Deposit & Withdrawal

BOSSA facilitates funding your brokerage account through payments made to the account of Dom Maklerski Bank Ochrony Środowiska, using the client's individual bank account number for payments.

This account number is accessible after logging in to the client's account in the [Instructions -> Transfers] tab. It's important to note that, in the case of concluding an agreement by correspondence, the first transfer to the investment account must be made from a bank account belonging to the same owner or from a joint bank account.

For foreign transfers, providing the SWIFT number EBOSPLPW157 is required, and the funds will be converted into PLN at the exchange rate at Bank BOŚ SA.

An example of the transfer details is as follows:

  • Bank account number: XX 1540 1157 8129 000000 YYYYYY

  • Bank: Bank Ochrony Środowiska SA II Branch Warsaw

  • Account owner: Dom Maklerski BOŚ SA (DM BOŚ)

  • Address: ul. Marszałkowska 78/80, 00-517 Warszawa

  • Transfer title: Account top-up

Regarding transfer costs, online transfers above PLN 500 from the investment account at DM BOŚ to the client's bank account in Poland are free of charge. Transfers with lower values cost PLN 1. For foreign transfers, customers bear the transfer costs charged to DM BOŚ SA by the bank making the transfer, and there are no additional fees incurred for DM BOŚ SA.

Deposit & Withdrawal
Deposit & Withdrawal

Customer Support

BOSSA provides customer support through various channels, including a helpline at +48 518 441 563 and the email address sales@bossa.cz. The support team assists users with inquiries, account-related questions, and general assistance.

While these contact options offer direct communication, users may experience longer wait times. Improvement in response efficiency is an area that could enhance the overall customer support experience. As with any service, users may find varying opinions on the quality of support received. It's advisable to reach out through these channels for specific assistance and query resolution.

Customer Support

Educational Resources

BOSSA provides comprehensive educational resources for investors of all levels.

Beginners can access a 10-lesson stock exchange course, offering fundamental knowledge for a confident start in investing. Advanced users can explore technical analysis and derivatives through upcoming training sessions.

The platform also offers valuable insights on stock market tax, guiding investors on settling accounts with the tax office. Additional resources cover the rules of trading, order placement, company valuation, and session timings.

Top-rated articles include information on Individual Retirement Accounts (IKE/IKZE), financial instruments like ETF on WIG20, and investment strategies with a focus on money management.

Educational Resources

Exposure

Users' exposure to BOSSA reveals some challenges, notably in customer service. Complaints about extended wait times and difficulties in cashing out funds have surfaced, impacting the overall user experience.

A complaining aspect is the disappearance of brokers and the lack of responsiveness to user messages. This issue, persisting for several months, raises questions about the platform's accountability and communication.

These instances highlight the influence of customer support and communication on users' trading experiences and the importance of addressing such challenges promptly.

Exposure

Conclusion

In conclusion, BOSSA presents a mixed landscape for traders. On the positive side, the platform offers a wide array of trading assets, encompassing stocks, bonds, and foreign exchanges. Traders benefit from a variety of tools, competitive fees, and extensive educational resources, enhancing their overall trading experience.

However, BOSSA is not without its drawbacks. Customer service challenges and prolonged wait times can pose significant hurdles for users seeking prompt assistance. Moreover, the absence of regulatory oversight raises questions about the platform's commitment to investor protection and transparency.

FAQs

Q: What trading assets are available on BOSSA?

A: BOSSA offers a wide range, including stocks, bonds, and foreign exchanges.

Q: What payment methods are accepted for funding accounts on BOSSA?

A: Payments can be made through individual bank accounts, and online transfers above PLN 500 are free within Poland. Lower value transfers cost PLN 1. For foreign transfers, customers bear the transfer costs charged by the transferring bank.

Q: Is BOSSA regulated?

A: No, BOSSA operates without regulatory oversight.

Q: What challenges exist with BOSSA's customer service?

A: Users may encounter challenges and prolonged wait times when seeking customer support.

Broker Information

Company Name

BOSSA

Company Abbreviation

BOSSA

Regulatory Status

No Regulation

Platform registered country and region

Czech Republic

Company website
Phone of the company
  • +48 518 441 563

  • +48 22 50 43 059

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Václavské náměstí 17, 110 00 Praha 1

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • sales@bossa.cz

  • support@bossa.cz

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

fghbn
more than one year
Recently, I've been facing some issues with investing substantial amounts in ETFs through BOSSA. Even the ones I used to hold significant positions in seem to be locked now. It's a bit frustrating as I can't execute the trades I planned.
2024-01-19 23:25
Reply
0
0
Sj-M
more than one year
Customer service could use some improvement. Wait times can be on the longer side. However, once they hit their corporate social responsibility stride, things usually get pretty decent.
2024-01-08 11:11
Reply
0
0
ls
more than one year
I’m having problems since two months ago !! I can’t cash out my money from the account. And my broker disappeared, he doesn’t respond to any of my messages!! I tried to call them, Again nobody answered!!
2023-03-10 16:14
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com