Sigma Option is a relatively new binary options broker that has been online since August 2015. They operate under a London based company called BR Holdings Ltd. Sigma Option is a CySEC regulated broker with their main offices located at Marshall Islands.
According to their TOS, they require the applicants to be at least 18 years old. Every user is responsible for abiding by the binary trading rules in their country.
SigmaOption Platform Review
Sigma Option offers the SpotOption platform for customers. The trading system features many trading tools including relative strength index (RSI), moving average, and Bollinger Bands. The trading platform supports 7 types of options including standard call/put options, pairs, long term, 60 seconds, one touch, ladder, and FX/CFD. They also have a mobile app which you can use to check your trading activities conveniently. The mobile app is compatible with android as well as iOS platform. The Sigma Option app can be downloaded from Google Play Store or iTunes app store.
Types of Trading Account
Sigma Option offers 4 types of accounts including Standard, Silver, Gold and Premium. Standard account is the lowest level of account with a minimum deposit requirement of between $250 – $999. Standard account features up to 30% of welcome bonus, personal account manager, and binary options educational package. Silver account offers 50% bonus and is for traders who are ready to invest between $1000 – $4999.
Gold account is for professional traders who has a capital of between $5000 – $24,999 to invest in binary trading. Gold account offers up to 70% bonus and a maximum payout rate of up to 87%. Premium account is for traders who want to invest more than $25,000.
If you have a premium account, you will enjoy a payout rate of up to 91%, 100% welcome bonus and receive 3 signals daily. Both Gold and Premium account will be assigned with a senior account manager.
Sigma Options allows you to deposit/withdraw via a variety of methods including credit card, bank wire, and e wallets. They support all kinds of credit cards including Visa, Diners, Maestro and Solo. It is free to deposit via credit card but you will be charged a fee when you deposit by bank wire.
They support over 20 digital wallets for deposits and withdrawals. Sigma Option has a minimum deposit amount of $250 and there is no limit on the maximum bonus you can earn. The minimum investment amount you can make per trade is $20 while the maximum investment amount is up to $3,000 per trade.
You can withdraw when you reach a minimum of $100 in your account balance. Just like other brokers, you must submit your photo ID, and utility bill for identity proof to withdraw the funds. In addition, you also have to provide a copy of your credit card if you use it to deposit the funds and want to withdraw using this method.
It takes about 3 business days for them to process the withdrawal request. If you want to withdraw the bonus, you must reach a trading volume of at least 30 times the bonus amount. You don’t necessarily have to accept the complimentary welcome bonus that they offer so think carefully before accepting it.
In the education center, you will find a library of video courses on a wide range of binary options trading topics. The real time chart displays the most up to date price for different types of assets in the market. The economic calendar allows you to follow up on the economic event worldwide so that you are aware of the latest condition of the market. The economic calendar is an important tool you can use to monitor factors that can have impact on your trades. There are articles that teach you how to trade for the first time as a newbie trader and increase your profits in the marketplace.
Sigma Option’s customer support is available via email, telephone and live chat. They offer telephone support for 10 countries including UK, Australia, Canada, Austria, and Sweden. The live chat support is available for 24 hours per day and 7 days per week for the entire year.
Is Sigma Option Good?
In conclusion, Sigma Option may be a new broker but their simple to use trading platform has attracted a lot of traders. Sigma Option offers the best trading experience with an efficient customer support available around the clock.