Overview of BOSSA.PL
BOSSA.PL, a Polish brokerage firm with over 25 years of experience in the Polish capital market, offers a comprehensive range of investment products and services. As a domestic broker with Polish capital, BOSSA.PL is well-versed in the local market dynamics and regulations, making it an attractive option for Polish investors.
The broker boasts a variety of trading instruments, multiple account packages tailored to different investor needs, and diverse educational resources. However, the lack of specific information regarding leverage and potential withdrawal fees may require further clarification for potential clients.
Regulatory Status
BOSSA.PL is not regulated by any internationally recognized financial authority. However, as a Polish broker operating within the European Union, it is likely subject to some level of oversight and regulation under EU financial directives. It's recommended to verify the specific regulatory framework applicable to BOSSA.PL with the relevant Polish authorities.
Pros and Cons
BOSSA.PL, a veteran in the Polish capital market, offers investors a wide array of trading instruments, from stocks and bonds to ETFs and contracts. With multiple account packages tailored to different needs and extensive educational resources for all levels, BOSSA.PL caters to both new and seasoned investors. They provide access to both domestic and international markets, expanding potential opportunities for clients.
However, BOSSA.PL falls short in several areas. Their website lacks clear details on leverage, a crucial aspect for many traders. Withdrawal fees can apply depending on the account type and amount, which may be unexpected for some. Most importantly, BOSSA.PL is not regulated by an internationally recognized financial authority, posing potential risks to investors due to the lack of oversight and protection.
Market Instruments
BOSSA.PL offers a diverse range of market instruments, including:
Stocks and Bonds: Invest in shares, bonds, and ETFs listed on the Warsaw Stock Exchange, NewConnect, GlobalConnect, Catalyst, and foreign stock exchanges.
Account Types
BOSSA.PL offers a standard account with six different packages:
Yellow Package: Designed for beginners and occasional investors with no monthly fees.
Green 1 Package: 10 PLN/month, for more active investors with real-time market data and access to additional services.
Green 1+ Package: 49 PLN/month, similar to Green 1 but with additional software tools.
Green 5 Package: 116 PLN/month, for very active investors with real-time data for five offers.
Green 5+ Package: 169 PLN/month, includes additional software tools for professional investors.
Green Max Package: 329 PLN/month, the most comprehensive package with full real-time data, advanced tools, and priority customer support.
Each package offers different commission structures and benefits, catering to various trading styles and needs.
Account Opening Process
Fill out the registration form: Provide your personal and financial information on the BOSSA.PL website.
Verify email: Confirm your email address to proceed with the application.
Upload documents: Submit the necessary documents for the Framework Agreement.
Open an investment account: Select the desired account package.
Make a verification transfer: Deposit a small amount to verify your bank account.
Start investing: Once your account is verified and funded, you can begin trading.
Trading Fees
Stocks
Standard Stock Trading: The commission for standard stock trading is 0.38% of the transaction value, with a minimum fee of 5 PLN.
Day Trading: For day trading activities, the commission is significantly reduced to 0.15%, also with a minimum fee of 5 PLN.
ETF Funds:
BETA ETF TBSP funds have a promotional commission rate of 0.10% (minimum 5 PLN).
Other ETF funds have a promotional commission rate of 0.25% (minimum 5 PLN). These promotional rates are valid until December 29, 2023.
Derivatives
Index Futures Contracts: The fee for trading index futures contracts is set at 9.90 PLN per contract. For those trading in volumes of 10 contracts or more per month, a reduced fee of 8.50 PLN per contract can be applied, but this requires a formal request submitted through their online account management system.
Stock Futures Contracts: The fee for trading stock futures is 3.00 PLN per contract.
These fees are calculated on the total value of executed orders, not on individual transactions within those orders, which can be beneficial for investors executing large trades.
Trading Platforms
BOSSA.PL offers three trading platforms:
bossaMobile: A mobile app for trading on phones and tablets.
bossaNOL3 trading: A simple dashboard for viewing quotes and placing trades.
bossaStaticaTrader: A combined trading and analysis platform available in Green packages.
Web Trading Service: Web-based platform accessible from any browser, providing real-time data and execution.
Deposit and Withdrawal
BOSSA.PL supports deposits via bank transfers, which are typically processed within one business day. Withdrawals can be requested online and are usually processed within one business day during business hours. Withdrawal fees may apply depending on the account type and amount withdrawn.
Customer Support Options
BOSSA.PL provides customer support through various channels:
Phone: 801 104 104
Message Box: Available on their website
Email: makler@bossa.pl
Social Media: Twitter, Facebook, Instagram
Educational Resources
BOSSA.PL offers a variety of educational resources, including:
Conclusion
BOSSA.PL, with its extensive experience in the Polish market and diverse range of instruments and account options, presents a compelling choice for Polish investors. Its educational resources are valuable for both beginners and experienced traders. However, the lack of transparency regarding leverage and potential withdrawal fees warrants prudence. Potential clients should carefully review the terms and conditions and contact BOSSA.PL directly for any clarifications before opening an account.
FAQs
Q: Is BOSSA.PL a regulated broker？
A: BOSSA.PL is not regulated by an internationally recognized financial authority, but it is subject to oversight under EU financial directives.
Q: What is the minimum deposit required to open an account with BOSSA.PL？
A: The minimum deposit varies depending on the chosen account package. The Żółty (Yellow) package has no minimum deposit requirement.
Q: Does BOSSA.PL offer a demo account？
A: BOSSA.PL does not explicitly mention a demo account on their website. It's recommended to contact their customer support for confirmation.
Q: What trading platforms does BOSSA.PL offer？
A: BOSSA.PL offers three trading platforms: bossaMobile, bossaNOL3 trading, and bossaStaticaTrader.
Q: How can I contact BOSSA.PL customer support？
A: You can reach BOSSA.PL customer support through phone, message box, email, or social media.
