Our Review of BigOption
BigOption tries to be a global broker, and also to be a broker than can be open to everyone. This is why it offers features such as a multilingual platform and also very low minimum deposit amounts.
Account Types + Opening
BigOption offers five account types: Micro, Basic, Gold, Platinum and VIP. The Micro account is perfect for beginners, whilst the VIP account is specifically designed for professional traders. Applying to open an account with BigOption is done by means of a simple online form, with the exception of a VIP account, which is created bilaterally by the individual trader in conjunction with BigOption team.
Promotions, Sign Up + Deposit Bonuses
Different BigOption accounts have different promotions and bonuses associated with them. With a Platinum account, you can get a bonus of up to 100%, whilst with the Micro account, the welcome bonus is up to 20%. The VIP account has even bigger bonuses associated with it, though the precise amounts that these bonuses constitute are not specified by BigOption, and this may be because they are tailored to suit each individual trader.
Commissions and Fees
BigOption may take a commission of up to 35% on your trades, and fees are also charged for withdrawals.
Trading Platform Review & Mobile Apps
The BigOption trading platform is very similar to other binary options traders' websites. Market news is available here, including some small real time updates on what the stock market is doing. To date, BigOption has not created an app for mobile devices.
Deposits & Withdrawal Methods + Ease
One of the main selling points of the BigOption platform is the fact that it has one of the lowest minimum deposit amounts in the business: just 10 Euros. Deposits and withdrawals can be done by debit card, credit card or bank transfer and fees are associated with all of them. Some online payment accounts, such as Moneybooker, are also accepted with BigOption.
Regulators & Safety: Are they a reliable, legitimate broker or a scam?
BigOption is a broker that has not been regulated. Though indications suggest that it is a legitimate brokers rather than a site set up entirely to scam people, some financial bodies have issues warnings about this online trading platform. For example, BigOption has been blacklisted by FBO and the BCSC of British Colombia warned its citizens against using BigOption.
BigOption 2-3 .review