Big Boss Review 2025: Safety Warning and Regulatory Analysis

Big Boss is a Forex and CFD broker established in 2018. Headquartered in Comoros, the platform provides digital account opening and access to the financial markets. Despite offering popular trading software like MT4 and MT5, the broker has raised significant concerns regarding its safety and trading environment.

Currently, Big Boss holds a WikiFX Score of 2.25, which is considered low and indicative of potential risk. The brokers trading environment has been rated “D” (Poor) based on testing by 284 users. While it claims to have international influence in regions such as Germany, Japan, and Taiwan, its regulatory status and recent user complaints suggest traders should exercise extreme caution.

Is Big Boss Legit? Regulatory Status and Safety

When evaluating a broker's legitimacy, regulation is the most critical factor. Based on the available data, Big Boss does not currently hold a valid license from any major Tier-1 financial regulator.

Regulatory Overview

The broker operates out of Comoros but is not regulated by a recognized financial authority. Furthermore, there is specific negative disclosure information regarding this entity:

• Regulatory Warning: In 2023, the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI) blocked 1,222 illegal commodity futures trading websites, including Big Boss. The agency flagged these entities for operating without a license and, in some cases, acting as gambling platforms under the guise of trading.

The lack of oversight means that client funds may not be segregated or protected by compensation schemes in the event of insolvency.

User Complaints and Exposure

Over the last three months, WikiFX has received multiple complaints regarding Big Boss. The severity of these reports is concerning, ranging from unexplained fees to alleged harassment.

Harassment and Settlement Issues

A user from Japan reported that while they were able to place orders via the app, settlement could not be completed normally. Suspecting fraudulent activity, the user initiated a chargeback through their credit card company. Following this, the user claimed to receive threatening emails from “Big Boss” accusing them of illegal acts, followed by frequent intimidating phone calls from unidentified international numbers.

Account Blocking and Mystery Fees

A trader from Kazakhstan reported that money was deducted from their account (ID: 340054287) without explanation, even though no trades were executed. Subsequently, the company blocked the user's trading account entirely.

Trading Conditions and Fees

Big Boss offers high leverage and standard industry platforms, but its cost structure is rated poorly relative to industry standards.

Accounts and Leverage

The broker offers three main account types:

• Deluxe
• Professional Spread Forex
• General

One of the most notable features is the massive leverage available, reaching up to 1:2222. While this allows for significant market exposure with small capital, it also increases the risk of rapid liquidation for retail traders.

Trading Environment Assessment

WikiFX data indicates a “Poor” (Grade D) trading environment:

• Transaction Costs: Rated D (Poor). The costs associated with trading gold (XAU) and other assets are high compared to competitors.
• Execution Speed: Rated AA (Great), with average speeds around 332ms.
• Swap Rates: Rated AAA, suggesting competitive overnight fees.
• Software: The broker supports MT4 and MT5, offering good search functions and fee reporting, though it lacks clear two-step login or biometric authentication.

Pros and Cons of Big Boss

Based on the factual data and user feedback, here is a summary of the broker's strengths and weaknesses:

Pros

• Platform Availability: Supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
• Execution Speed: Fast trade execution speeds (Rated AA).
• High Leverage: Offers leverage up to 1:2222 for aggressive strategies.

Cons

• Unregulated: No valid regulatory license; blacklisted by Indonesian authorities.
• Low Safety Score: WikiFX Score of 2.25.
• User Complaints: Reports of harassment, blocked accounts, and unauthorized fee deductions.
• High Costs: Transaction costs are rated as Poor.
• Lack of Transparency: Headquarters in an offshore jurisdiction (Comoros) with no financial oversight.

Final Verdict: Can You Trust Big Boss?

Big Boss cannot be recommended as a safe broker.

The combination of being unregulated, a low safety score of 2.25, and serious user allegations concerning account blocking and harassment poses a significant risk to traders. The positive aspects of their execution speed do not outweigh the fundamental lack of fund safety and regulatory oversight.

To protect your capital, it is advisable to choose brokers regulated by Tier-1 authorities (such as the FCA, ASIC, or CySEC).

Stay informed and trade safely. Use the WikiFX App to check regulatory details and read the latest user reviews before opening an account with any broker.