BigOption is a new binary options broker founded in 2008. It is headquartered in Gibraltar, UK. It is owned and operated by a company called Silver Services Ltd. It offers more than 180 assets to choose from. FX Empire named BigOption as the most reliable broker in 2014.
Trading Platform
Big Option offers a web based trading platform that allows traders to trade without having to download a software. The trading platform is powered by SpotOption. Some of the features of the trading platform include double up, roll over, sell early, and color charts.
The ProFollow feature enables the traders to copy transactions of the leading traders. You can use the search feature to easily look for traders with the highest performance. You will be able to set the follow period and the amount you want to invest. The Ladder feature allows you to carry out a trading strategy conveniently.
Big Option also offers automated trading. You can set the automated trading robot to trade on your behalf so that you can save time. The automated trading robot features a large range of assets, risk level, and investment amount. Besides, BigOption also offers a user friendly mobile trading platform. The user mobile trading platform features live charts, and instant trading.
It offers several types of trading contracts including classic binary, speed options, long term options, one touch options and pairs trading. In classic binary trading, you will decide whether the price will end up higher or lower than the current price. The classic binary feature offers up to 85% ROI per trade.
In speed and long term options, you must decide the expiry times. There are several types of speed options including 30 seconds, 60 seconds, and 2minutes. Long term options has a longer expiry period that last up to 1 year. In one touch options, you will have to decide whether the price of the asset will reach a certain level before it gets expired. In pair options, you will be decide which of the two asset will perform better.
Types of Accounts
They offer a number of accounts including micro, basic, gold, platinum and VIP. Micro account requires a minimum deposit of $250. BigOption is offering a 20% welcome bonus for traders who sign up for a micro account. Traders who sign up for the micro account will have access to the daily market reviews and BigOption Academy. Basic account has a minimum deposit requirement of $501. You will get a 50% welcome bonus and 10 risk free trades when you sign up for the basic account.
Gold account is the most popular account. Gold account has a minimum deposit of $2,501. If you sign up for a Gold account, you can get 15 risk free trades, and 75% of welcome bonus. Gold account users will have access to the auto trading robot. Platinum account has a minimum deposit of $10,001. Platinum account features 100% welcome bonus, 20 risk free trades and advanced auto trading robot. The VIP account has a minimum deposit of $50,000. The VIP account offers exclusive bonuses for traders. The personal account manager is available for basic, gold, platinum and VIP accounts.
Customer Support
BigOption has a large collection of videos that provide tutorials on binary options trading for both beginners and advanced traders. They are offering free binary options ebooks for traders. There is a search box at the bottom of the website which you can use to search for information on the site. The FAQ page contains answers to the most frequently asked questions about the platform, opening an account, deposit, trading and support. It offers international customer support through telephone, and email. The website supports 5 languages including English, Dutch, France, Arab and Turkey. There are 6 international customer support telephone numbers.
Deposit and Withdrawals
Traders can deposit the funds into their account via credit card, wire transfer, CashU, WebMoney, and PaySafe. The funds can be withdrawn through credit card and wire transfer. Before you can deposit or withdraw, make sure you submit your photo ID, proof of address and credit card. You will be charged a fee of $50 when you withdraw via wire transfer. The fee for withdrawing through the credit card is $35 including a $10 processing fee.
This broker has a minimum withdrawal requirement of $100. The minimum withdrawal requirement is based on your local currency. For example, if you sign up for a UK based account, the minimum withdrawal amount is $100 pounds.
Conclusion
Overall, BigOption is a reliable binary options broker that offers an easy to use platform that is packed with all kinds of features. BigOption Academy offers a comprehensive education resources. It supports social media trading. The trading platform is secure and protected with SSL (Secure Sockets Layer) encryption. It offers binary option trading that is in compliance with the best practices in international standards.