Big Option promises profitable opportunities and trading satisfaction to its traders. But is this broker a Big Scam or Not?

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It is no coincidence that this broker comes with so low rank on Google Trends graph and is not recommended by many traders. This is the reason why we doubt that you will make the right choice if you choose to open an account with Big Option.

There are traders who are not satisfied with the services of Big Option so we suggest you to Proceed to Safety OR to choose from the Top Safety Brokers, listed in the table below:

TOP 3 SAFE BROKERS

BrokerPayout Open Account
90%
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85%
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85%
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BigOption Review

BigOption is a broker that claims to offer binary options trading platform for all the traders -whether they are experienced or not. BigOption has been in this industry since the year 2011 and offers a user friendly platform. The trading academy offers video forums, special video binary courses and also free eBooks for the newbies in this trading system. However, we seem to get a too many complaints against BigOption and based on this fact we recommend you to approach with caution. Another aspect that should be considered is that BigOption is not a regulated broker and as we always advise our traders – choose only regulated and licensed brokers to invest in.

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BigOption Promotions

The promotional offers brought out by BigOption include a 75% return as a welcome bonus for the Gold account and the Basic account consist of 20% welcome bonus. Also the Platinum account offers 100% bonus within an initial deposit of $10,001. The payout claimed by the broker is 85%, but some traders have complained that this is not entirely true. Since we are trying to gain more information we cannot assure about the returns.

For increasing the reliability of traders, the company offers 20 risk-free trades on the opening of their account. All these features are very much tempting for a lot for traders, but you need to be sure about the security and to read carefully the “Terms and Conditions“ section.

BigOption Deposit and Withdrawal Methods

The deposit and withdrawal process are mostly the same as the ones offered by other brokers. BigOption accepts deposits from multiple currencies and the methods include Visa, Mastercard, Delta and Maestro credit cards. Also wire transfer and E-wallet methods include Cashu, Netteller and Union Pay. The minimum deposit amount is $250 which is also very common. The withdrawal is not an easy process because you might have to wait for a long time.

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The minimum withdrawal amount is 100 USD or GBP. But the downside is the company doesn’t offer any free withdrawals and a transaction fee is charged. This can put off many traders from investing.

Note that traders who are given a bonus by BigOption are not going to be able to withdrawal their money unless they trade 30 times the bonus amount.

BigOption Demo

BigOption do not offer a demo account at all. This is one of the big disadvantages since most of the traders would prefer to have a demo account to test out their new strategies and to see if they can trade without having to spend real money on it. Since you can trade with virtual currency there is no real risk of losing your money if the trade goes bad. So the fact that this broker doesn’t offer demo account is a let-down. Instead BigOption offers something called a risk free account. We haven’t been able to test this risk-free account, so we can’t say whether it really works or not.

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BigOption Scam

Scam and frauds are very much common in the binary trading world, so you need to be very alert. Though there have not been any direct issues of scam or such incidents, there has been a problem with the reinvestment of money without any former approval by the traders of Big Option. This has been denied by the company and no proofs have been obtained, but still we recommend you to choose a better and more trustworthy broker while deciding where to trade binary options.

>> Visit Safe & Approved Broker <<

BigOption Complaints

The major complaints have been received regarding the delay of transaction in the withdrawal procedure. While there are also certain complaints about the non receiving of the bonus when opening a trading account. Some of the traders have the opinion that the BigOption mobile trading app has been helpful but others complain that they are not satisfied of the customer services. Considering the above mentioned factors we cannot directly call the company illegitimate, but we would suggest you to take caution before investing and to choose a broker that has proven to be safe and reliable and most importantly – licensed and regulated.

Conclusion

During our full investigation we checked all the services and features that BigOption provides its traders. We outlined the most important information about BigOption in this review and the general conclusion is that there are more reliable brokers than BigOption with better reputation and higher overall score. Although there is no hard evidence that BigOption is scam, we can neither confirm its safety nor legitimacy.

We strongly advise you to Proceed to Safety – with the highest reputation binary options broker, which was selected on the basis of the best performance results during our independent testing.

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