As per several historical records, CFD trading was started for the first time in the 90s by a London-based brokerage firm. CFDs were born when customers of a London-based firm saw the need for a method to short-sell the market while using leverage. Though CFDs are new, they are hugely popular with interest in these investment tools rising steeply in countries like Australia over the last few years.
In CFDs, one does not need to own the physical stock. Due to this reason, there is no stamp duty on CFDs, making them hugely popular. Another reason for the popularity of CFDs is that, with a CFD account, an individual gets access to 25 or more major financial markets of the West, Europe and APAC. In today’s era of digital revolution, CFDs have become even more accessible to the masses thus bringing the world markets in the hands of the common man.
Similarly, the Forex market is the largest and most liquid market in the world in terms of trading volume after the credit market and is where the exchange values of currencies are determined. This means that currencies are bought, sold and exchanged at existing or determined prices. Post-1945, most of the global currencies were linked to the US Dollar where the values of those currencies were directly dependent on the US Dollar’s value. In turn, the US Dollar’s value was linked to gold at a fixed price. Though this system was brought into existence to regulate the US Dollar’s value, it had some issues like outdated exchange values and rigidity. This led to a new system and of the present where the US Dollar is no longer connected to the gold price giving rise to a free and open currency market. In the modern currency market, currencies are traded directly between countries and not through the US Dollar. Just like the CFD market, Forex trading has also become more accessible than ever.
Today, the trading ecosystem worldwide is bustling with a tremendous number of traders and trading companies. The trading industry is growing continuously and attracting a huge number of new traders and investors worldwide every year. These new traders seek to trade with trustworthy companies and those that are established with a proven history of customer satisfaction and user-friendly interface on their platforms along with a lot of other benefits and rewards. Globally today, most companies are offering new and existing customers a host of benefits and facilities. However, one must choose the right trading companies to invest after careful consideration of several factors.
Factors to consider when choosing a trading platform
Here are some factors to consider when choosing an online trading platform:
– Regulation: Make sure the platform is regulated by a reputable financial authority.
– Fees and Commissions: Compare the fees and commissions charged by different platforms.
– Customer Support: Ensure the platform offers responsive and helpful customer support.
– Trading Platform Features: Consider the features and functionality of the platform to see if it meets your needs.
– Payment Methods: Make sure the platform offers a variety of payment methods that suit you.
By carefully considering these factors, you can choose an online trading platform that meets your individual needs and helps you achieve your financial goals.
World Business Outlook set out on a quest for a trading company that meets all the above criteria which was completed in St. Vincent and the Grenadines where we discovered BigBoss. This company stood out for its outstanding services, innovation, technology integration, and customer support.
BigBoss: A Comprehensive Overview
History of the Company
BigBoss, operated by Prime Point LLC, is a company that offers online trading services, including forex, CFDs, and cryptocurrencies. They cater to traders of all experience levels, providing a user-friendly platform and a variety of account types to suit your individual needs. BigBoss, established in the early 2010s, has rapidly grown into a prominent player in the trading and cryptocurrency sectors. The company was founded with the vision of providing a robust and innovative trading platform for both novice and professional traders. Over the years, BigBoss has expanded its services globally, establishing offices in key financial hubs such as Cebu City, Philippines. The company’s commitment to reliability, innovation, and customer satisfaction has been the cornerstone of its success.
Products and Services
BigBoss offers a comprehensive suite of products and services to help you navigate the financial markets:
– Trading Instruments: With BigBoss, traders can trade forex, CFDs, and cryptocurrencies – all from a single platform.
– Forex Trading: BigBoss provides a state-of-the-art platform for forex trading with a maximum leverage of 2222:1. This allows traders to maximize their potential returns while managing risk effectively.
– Cryptocurrency Trading: The company offers trading in various cryptocurrencies, providing traders with opportunities to diversify their portfolios.
– CFD Trading: BigBoss’s Contract for Difference (CFD) trading enables traders to speculate on the price movements of various financial instruments without owning the underlying assets.
– Portfolio Management: For professional traders and portfolio managers, BigBoss offers advanced tools and resources to manage and optimize their investment strategies.
– Quick Order Platform: Execute trades quickly and efficiently with the easy-to-use quick order platform.
– Educational Resources: BigBoss is dedicated to empowering its traders with knowledge. The company provides a wealth of educational materials, including webinars, articles, video tutorials and market analysis, to help traders make informed decisions.
Special Offers, Benefits, and Services
BigBoss stands out in the competitive trading industry by offering several special benefits and services to its customers:
– High Leverage: With leverage up to 2222:1, BigBoss provides one of the highest leverage options in the industry, allowing traders to amplify their trading positions.
– Quick Account Setup: Opening an account with BigBoss is a swift process, taking only a few minutes to complete.
– Customer Support: BigBoss prides itself on its world-class, multilingual customer support team, available to assist traders – be it a beginner, a seasoned investor or a financial advisor, over email and online chat with any queries or issues.
– Flexible Deposit and Withdrawal Options: The company offers multiple deposit and withdrawal methods, ensuring convenience and flexibility for its traders.
– Promotional Offers: BigBoss frequently runs promotional campaigns, including deposit bonuses and trading contests, to reward its loyal customers.
Advantages of BigBoss Over Other Trading Companies
BigBoss offers several advantages that make it a preferred choice for traders:
– Innovative Trading Platform: BigBoss’s trading platform is designed to be user-friendly and feature-rich, catering to both beginners and experienced traders.
– High Leverage: The company’s high-leverage options provide traders with greater flexibility and potential for higher returns. This means that you can use your funds efficiently when you open an account with a leverage value of “2222:1” with BigBoss. To prevent the risk of loss that comes with the high leverage, BigBoss has a highly variable leverage system based on your balance called the BigBoss Loyalty Program (BLP).
– Variety of Account Types: You can choose from a variety of account types to suit your trading experience and risk tolerance. BigBoss has different types of accounts to suit the varied investment needs of its traders such as Deluxe, Standard, Pro Spread and CRYPTOS accounts with the Deluxe account being the one with the highest leverage.
– Loyalty Program: You can earn BigBoss Points (BBPs) through the BigBoss Loyalty Program (BLP) for every trade you make. BBPs can be used to play Gacha, a game that lets you win credits up to $5,000, or you can exchange them for cash. Traders can enjoy additional benefits such as enhanced leverage limits and also purchase and customize the rewards, thereby enhancing the benefits of their trade.
– Comprehensive Educational Resources: BigBoss’s commitment to education ensures that traders have access to the knowledge and tools they need to succeed.
– Exceptional Customer Support: The company’s dedication to customer service sets it apart from competitors, ensuring that traders receive timely and effective assistance.
– Global Presence: With offices in multiple countries, BigBoss has a strong global presence, allowing it to serve a diverse clientele.
Achievements in the 2024-2025 Financial Year
In the 2024-2025 financial year, BigBoss achieved several significant milestones:
– Expansion of Services: The company expanded its cryptocurrency trading offerings, adding several new digital assets to its platform.
– Technological Enhancements: BigBoss invested in upgrading its trading platform, incorporating advanced features such as AI-driven market analysis and automated trading tools.
– Trader Growth: The company saw a substantial increase in its trader base, reflecting its growing reputation and the effectiveness of its marketing strategies.
– Financial Performance: BigBoss reported strong financial performance, with significant growth in trading volumes and revenue.
BigBoss has earned many awards and recognitions in the past and present for its cutting-edge technology integration, trustworthy customer support and numerous other benefits it provides to its customers.
Awards and Accolades
BigBoss’s commitment to excellence has been recognized with several awards and accolades:
The company has been announced as the winner of ‘The Best Forex Broker St Vincent and the Grenadines 2024′ Award by Dubai-based International Business Magazine, reflecting its dedication to providing top-notch support to its traders.
Since 2023, World Business Outlook has continuously recognised BigBoss. This year again they have been honoured as the ‘Most Recommended CFD Broker St. Vincent & the Grenadines 2024’, ‘Best Cryptocurrency CFD Broker St. Vincent & the Grenadines 2024’ and the ‘Most Transparent Forex Trading Platform St. Vincent & the Grenadines 2024’ awards.
In light of these achievements, World Business Outlook reached out to the BigBoss team to understand the history and the journey of BigBoss and its future strategies. Below is an excerpt of the interview with the CEO of BigBoss, Mr Christopher Jason.
1. As the Best Cryptocurrency CFD Broker, how do you aspire to popularise cryptocurrency across the globe today?
We make crypto trading accessible through educational resources on our website, social media, and beginner-friendly videos on platforms like X and YouTube. Our expansion to Instagram and TikTok will further enhance these efforts. We are just one of many great brokers with small capabilities, but not powerless. By broadening our outreach together with other excellent industry leaders, we aim to reshape perceptions of cryptocurrency, making it more mainstream, while also expanding cryptocurrency CFD trading and driving industry progress as a pioneer.
2. As the Most Transparent Forex Trading platform, how does BigBoss guarantee the dependability of its forex market services?
BigBoss prioritizes security and transparency. We operate from a group company based in Canada and hold a financial license in Georgia and St. Vincent and the Grenadines. We continually enhance our employees’ cybersecurity awareness and take proactive steps to minimize information breach risks. Our commitment to clear communication ensures that customers are well-informed and supported. Additionally, our multilingual customer service team provides prompt and reliable assistance tailored to the needs of customers worldwide.
3. Kindly enlighten us on the special features and benefits of the FX trade platform at BigBoss. Also, please share a few updates about BigBoss Points and BigBoss Coin.
At BigBoss, we focus on customer satisfaction with tailored services to enhance trading experiences. The newly launched Deluxe Account in 2024 allows users to customize their accounts based on trading preferences, offering a game-like interface for a more enjoyable experience. It is the only one of its kind, providing a truly personalized approach. Both BigBoss Points and BigBoss Coin can be used within the Deluxe Account, providing users with the flexibility to create an account that best suits their needs.
4. Having won multiple awards at World Business Outlook, what is your strategy to maintain your leadership in the industry?
To maintain our industry leadership, we focus on continuous innovation and product enhancement. Our official trading app, BigBoss QuickOrder (BBQ), exemplifies this, offering a user-friendly experience for both beginners and advanced traders. BBQ simplifies trading, making it efficient and accessible. Our strategy includes ongoing technology improvements, exceptional customer support, and a strong emphasis on security.
5. Share a few insights on the recent market downturns.
Recent market downturns reflect the volatility of the financial landscape. including shifts in global trade policies, interest rates, and geopolitical factors. While these fluctuations pose challenges, they also create opportunities for innovation. In response to this situation, BigBoss remains committed to innovation, introducing features like using BigBoss Points for a “gacha”. In 2024, we launched engaging campaigns, including trading battles with renowned boxers Bob Sapp and Jérôme Le Banner, where users could vote. These initiatives make our brand dynamic and relatable to our potential target users.
6. Please share your perspective on the upcoming developments in the financial market and the strategies of BigBoss to ensure complete safety and transparency for the customers.
As the financial market evolves, BigBoss is committed to innovation while prioritizing security and transparency. Looking ahead, we are excited about the upcoming development of BigBoss Coin (BBC), including its anticipated listing on decentralized exchanges (DEXs), which will enhance DeFi capabilities. This expansion is part of our broader strategy to ensure that BBC is traded across various platforms, addressing potential risks such as cyberattacks with heightened user vigilance and continuous improvements. Our dedicated support team is prepared to handle these challenges, ensuring a secure and transparent trading environment.
At World Business Outlook, we have learned that BigBoss has established itself as a leading player in the trading and cryptocurrency sectors. With its innovative products, exceptional customer service, and commitment to trader education, BigBoss continues to set the standard for excellence in the industry.
Article by Amith Raj S
