For these bosses you need to be level 1 or higher:
Riku (Kingdom Hearts) - Weapon: Wooden Sword, HP: 50, Max Party: 1
Stick Dude Swarm [Four Stick Dudes] (Stick People Drawings) - Weapon: None, HP: 10 each, Max Party: 1
Spyro (Spyro the Dragon series) - Weapon: Fire, skull bashes, etc. HP: 50, Max Party 1
For these bosses you need to be level 2 or higher:
Pikachu (Pokemon) - Weapon: Electricity, etc. HP: 60, Max Party: 1
Zombies [Two] (Resident Evil) - Weapon: None, HP: 40 each, Max Party: 2
Bowser (Super Mario) - Weapon: Claws, Fire, etc. HP: 110, Max Party: 2
Blue and Red Kirby (Kirby Misadventure Fan Series) - Weapon: Hammer, Fire Form, Ice Form, etc. HP: 60 each, Max Party: 2
For these bosses you need to be level 3 or higher:
Charizard (Pokemon) - Weapon: Fire, Claws, Wings, etc. HP: 190, Max Party: 3
Squall [Leon] (Final Fantasy VIII) - Weapon: Gunblade, Magic, etc. HP: 70, Max Party: 1
King Dedede (Kirby) - Weapon: Hammer, etc. HP: 140, Max Party: 2
For these bosses you need to be level 4 or higher:
Cloud (Final Fantasy VII) - Weapon: Buster Sword, Magic etc. HP: 80, Max Party: 1
Latias (Pokemon) - Weapon: Tackle, Pound, Dragon Pulse, Hyper Beam. HP:100 Max Party: 1
Ganondorf (The Legend of Zelda) - Weapon: Sword, Dark Magic, etc. HP: 160, Max Party: 2
Darkside (Kingdom Hearts) - Weapon: Fists, Darkness, etc. HP: 250, Max Party: 3
Chaos 6 (Sonic Adventure) - Weapon: Water, Fists, etc. HP: 230, Max Party: 3
For these bosses you need to be level 5 or higher:
Giant Chicken (Family Guy) - Weapon: Fists, anything he can find! HP: 100, Max Party: 1
Riku Replica (Kingdom Hearts Chain of Memories) - Weapon: Soul Eater, Dark Magic, etc. HP: 90, Max Party: 1
Master Hand (Super Smash Bros.) - Weapon: Hand, Magic, etc. HP: 180, Max Party: 2
Combee Swarm [10 Combees] (Pokemon Diamond/Pearl) - Weapon: Gust, Psybeam, Sweet Scent (decreases the enemy's attack by 5.) HP: 10 Each, Max Party: 1
For these bosses you need to be level 6 or higher:
Red's Pikachu (Pokemon Gold/Silver/Crystal) - Weapon: Electricity, etc. HP: 100, Max Party: 1
Metal Gear Rex (Metal Gear Solid) - Weapon: Guns, Rockets, etc. HP: 290, Max Party: 3
The Black Knight (Fire Emblem) - Weapon: Sword, etc. HP: 200, Max Party: 2
King Boo (Luigi's Mansion) - Weapon: Golden Arrow, Shadow Blast, Rainbow blast, Ghost Blast, and Copy Ability. HP: 201, Max Party: 2
For these bosses you need to be level 7 or higher:
Ganon (The Legend of Zelda) - Weapon: Claws, Dark Magic, etc. HP: 320, Max Party: 3
Mewtwo (Pokemon) - Weapon: Psychic Powers, etc. HP: 230, Max Party: 2
Sephiroth (Final Fantasy VII) - Weapon: Sword, Magic, etc. HP: 130, Max Party: 1
For these bosses you need to be level 8 or higher:
Giga Bowser (Super Smash Bros. Melee) - Weapon: Claws, Fire, etc. HP: 350, Max Party: 3
The Enigmatic Soldier [Terra] (Kingdom Hearts II Final Mix +) - Weapon: Keyblade, and Magic, HP: 270, Max Party: 2
For these bosses you need to be level 9 or higher:
Broly The Legendary Super Saiyan (Dragon Ball Z) - Weapon: Fists, Ki, etc. HP: 430, Max Party: 3
Steam Boat Willie (Disney/Kingdom Hearts II) - Weapon: Monochrome Keyblade, Classic Magic, etc. HP: 200, Max Party: 1
DarkMega (Megaman Battle Network 5 Double Team DS) - Weapon: DarkCannon, DarkSword, DarkSonic, Dark Triple Slash, He also drains life out of his enemies. They lose 5 HP per turn. HP: 400, Max Party: 3
For these bosses you need to be level 10 or higher:
Tabuu (Super Smash Bros. Brawl) - Weapon: Psychic/Supernatural powers, etc. HP: 500, Max Party: 4
Note: This list is subject to change.
DB (Custom Character) - Weapon: Anything you can imagine, HP: 600 Max Party: 5 (To fight DB you have to be at least level 8. But also you must have at least one level 10 or higher in your party.) [A new boss will be avaliable if a group manages to defeat him]
Steve, the Elemental Swordsman (Custom Character) - Weapon: Sword, Black & White Magic, Flame & Water Forms, Dark & Light Forms. HP: 450 Max Party: 3 (To fight Steve you must be at least level 4 to take on Steve, but you need at least one level 9 or higher in your party.)