BigOption Review

Review

BigOption is headquartered in London, England.  It is one of the newest binary options brokers to open its doors but seems to be finding its way to becoming a leader in the field. BigOption offers a wide selection of options, a striking choice of 200 assets and a decent 85% return rate. Its website is available in English, German, French, Arabic and Turkish and easy to navigate. BigOption is regulated by CySec.

Accounts

There are several accounts to choose from at BigOption and they are designed to meet the goals of all kinds of different investors. The Micro Account is geared towards beginners who receive a promotional 20% welcome bonus when opening a trader account. The minimum deposit for this account is $250.

The Basic Account is also for traders who have a minimum of experience and are eager to increase their profits. The Basic account offers one-on-one support, risk-free trades, a personal a 50% welcome bonus and basic trading signals up to 1 week. The minimum deposit is $1000.

$5000 is the minimum deposit for the Gold Account and traders receive a 75% welcome bonus as well as 2 risk-free trades, an advanced Guide to Trading, Gold Trading Signals up to 2 weeks and an auto trading robot.

$50,000 is required for opening the Platinum Account which is designed for clients with a large trade volume. The account itself is individualized to meet the clients’ needs. Clients receive a 100% bonus and additional bonuses on every deposit as well as 10 risk-free trades.

All accounts receive daily market reviews, access to the BigOption Academy and a personal account manager.

The VIP Account is designed for professional traders that need an ever-changing number of benefits. The minimum deposit is $100,000. In addition to all the features offered in the other four accounts, there are additional benefits provided to VIP members. 

BigOption offers an Islamic account but there was no mention of a demo account.

Features

Among the variety of its trading tools, BigOption has introduced its unique ProFollow tool. ProFollow is a way of boosting the profits on binary options through social trading. The ProFollow feature is very straightforward and is available on the trading platform itself. Traders select as many leaders as they wish and copy their transactions. It is very easy to initiate and traders can drop a leader at any time. They also have the ability to choose top traders according to the assets categorized on the platform. Traders can often be identified according to their initials and their country flag which appears next to their name.

BigOption's ProFollow

The ProFollow has several advantages especially for beginners’ who do not have any knowledge about binary options trading. By locating the best spot between manual trading and hands-free trading, traders can choose the amount of time they wish to follow the expert trader as well as the total investment per trade. ProFollow gives the trader the responsibility of making his own decisions as to a timeframe which can be as short as one day and can be weeks, months and even up to one year.

Moreover, there’s limited risk in over-spending. And since the investment puts a limit on the amount of each trade there is limited risk of over spending. 

Bonuses/Promotions

When doing this review, several promotions were being offered. With a minimum deposit of $5,001, traders receive 20 trades 100% risk-free which means that all profits are secured.

The Double Up and 50% Insurance Account works like this: With a minimum deposit of $5001 made during the promotional period, BigOption doubles the profits and refunds 50% of the losses.

Deposits and Withdrawals

The BigOption website is easy to navigate and fun to use. Deposits and withdrawals can be made via almost all Credit Cards including Visa, Mastercard, Visa Electron, Maestro, Diners, Maestro UK, Solo and more. Wire Transfers and online pay programs are also acceptable.

Education

BigOption is big when it comes to educating their traders. Upon opening the Academy, viewers are greeted with an introduction to BigOption and the features it provides its clients. There is also a host of courses for both beginners and advanced binary option traders including unique topics such as ‘Trading as an Artform,’ ‘Are you an Emotional Trader’ and ‘Aggressive Trading 10/30 Rule.” There are additional lessons on market analysis and how to master it, various psychology of trading subjects and financial management. Also available is personalized one-on-one training.

BigOption's Educational Videos

Market analysis is provided on a daily and weekly basis.

Customer Support

Customer support is available through live Chat and telephone with numbers in 7 Countries and in 5 languages.

When doing this BigOption review, I spoke to a female representative at Chat and found her very responsive and helpful. She was not sure of some information I queried and said she would get back to me which she did within a few minutes. 

Reliability

Unlike many binary options broker, BigOption is under CySec regulation out of Cyprus. Also unique is the fact that BigOption accepts U.S. traders.

Conclusion

BigOption seems to have covered all its bases. With choices of accounts and trading types, over 200 assets and a flexible platform, it is a binary option broker worth following.

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Features

BigOption is big on features. There are more account choices than can be found at other binary option brokers. The various trading options are mostly standard but there is one that stands out from the pack—the ProFollow.

There are some great bonuses and high returns at BigOption. Withdrawals are guaranteed to be made in a timely fashion and new promotions are offered throughout the year. The holiday bonus this year is The 100% No-Risk Account where with a minimum deposit of $5,001, traders receive 20 trades 100% Risk-Free, and the Profits Doubled and 50% Insurance promotion where BigOption doubles your profits and refunds 50% of your losses on a minimum deposit of at least $5000.

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Platforms

SpotOption

BigOption runs on the SpotOption platform. It offers the standard trading tools and features that most binary option brokers are providing their account members.  Included in this wide array of options are call/put options, 30 seconds options, 2 minutes options, one touch options and 60 seconds options. There are some additional unique tools that make it ideal for both novice and experienced traders such roll over, double up or sell early. The platform also uses advanced color charts and 4 order screen views. At BigOption, traders have an enormous choice of assets: 106 stocks, 32 currency Pairs, 7 commodities and 33 indices.

BigOption Trading Platform

BigOption offers an automated trading robot which allows hands-free trading and more flexibility. It uses the Faunus Analytics technology, which is known for its trustworthiness and sophistication. This trading tool saves time by making the robot trade for you and you do not have to be a professional binary options trader to make use of the robot.

BigOption offers a mobile app for both android and IOS. The mobile application is free and fully replicates trading and features of the standard platform. It is a great tool to allow you to place trades any time and to keep track of your open positions while on the go. Their mobile application was developed in accordance with design, development and financial specialists, and uses a truly user-friendly interface with fluid navigation.

BigOption is big on ensuring that trader’s end up with profits. To this end, they have developed and uploaded traders’ guides to various aspects of binary options trading. When it comes to mobile trading, one need only download the Guide to the Mobile App and a whole explanation and tutorial becomes available. These guide ‘books’ are unique in the industry and are certainly beneficial to all traders who wish to open an account with BigOption.

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User Reviews

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