BigOption Review – Good Broker or Scam

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BigOption Review – Good Broker or Scam?

The U.S. Commodities Futures Trading Commission, France’s Autorité des marchés financiers (AMF) and the British Columbia Securities Commission (BCSC) in Canada have all issued warnings against BigOption for “selling” services it cannot actually provide as described on its website.

In September 2020, the FBI arrested the CEO of Yukom Communications Ltd., which provided retention services for both the BigOption.com and BinaryBook.com websites. She was later indicted on one count of conspiracy to commit wire fraud and three counts of wire fraud. The sites, however, remain functioning online.

Background

Established in 2008, 2020 or 2020, depending on the source, Big Option claims to be one of the largest binary options brokers in the world. It is headquartered at Wirestech, Office 3.11, 3 rd Floor, 31 Southampton Raw, London, England. Its telephone number is +44-20-3026 4486, fax number is +44-20 300068506. This information, however, is not found on the Big Options site. The e-mail address is [email protected] .

Platform

No specific details about the platform design are confirmed on the site, but Big Option employs the SpotOption platform, with some added features that allow it to appeal to both beginners and professional traders.

The website is PCI approved and certified to ensure maximum security. It is 100% SSL certified to ensure that data is handled only by company employees. All data also is transmitted using HTTP secure web protocols to minimize the possibility of fraud.

The website is only available in English. Islamic accounts are available.

Trading Conditions

Big Options offers five different account types:

  • Micro account , for beginners in binary options trading depositing between $1,000 and $2,000
  • Basic account , for traders with elementary knowledge depositing between $2,001 and $5,000 who feel confident enough to test the waters of financial markets
  • Gold account , the most popular, for traders depositing between $5,001 and $10,000 with extensive knowledge of binary options and who wish to take their trading career to the next level with exclusive tools
  • Platinum account , for exclusive customers depositing between $10,001 and $50,000 who perform high trade volume and require personalized trading consultation
  • VIP account , for professional traders depositing more than $50,000 who require exclusivities to maximize their investment

Big Option offers over 130 assets to choose from. These include commodities, indices, currencies, and stocks.

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Note that the Terms & Conditions page states that withdrawals will be charged a transaction fee, and that a levy of 10% will be charged to any withdrawal from an account that has not executed more than 200 in turnover and/or from accounts that have not been verified.

Deposits can be made with Visa, Visa Electron, MasterCard, and Maestro charge cards, wire transfers and the Neteller e-wallet. Funds are kept in segregated accounts.

A demo account, unfortunately, is not available. Naturally, most traders prefer to test their trading strategies and abilities on a demo account before risking real money.

Education

Daily and weekly market reviews, an analyst’s forecast, “Big Option Guide to Trading” e-book, and a blog are all available in the education section. Several other aids that are listed were not available when we visited. A number of tools, a dictionary and an FAQ page also appear.

An “education package” is available for traders who maintain a minimal account of 2,150 dollars, euro or pounds sterling (irrespective of the exchange rate). The package includes a “welcome bonus” of 40%, a beginner’s guide to binary options, fundamental and technical training, basic trading signals for up to two weeks free of charge, one free webinar, and a dedicated expert trader to assist in trading.

Note, however, that the Terms & Conditions page states the following:

To withdraw your bonus, you will be asked to perform a trading volume of at least 60 times for each $1 bonus (1$=60$). The bonus can be withdrawn only when the foregoing stipulation has been fully respected and fulfilled. To withdraw your funds you will need to complete in full all bonus obligation (100%). To withdraw your profits you will need to complete in full all bonus obligation (100%).

In short, what this means is that if you deposited $10,000 in a Gold account and were given a $10,000 bonus, you will have to reach a volume of $600,000 to recover your initial deposit plus the bonus and any profits, which is no easy feat.

Support

Big Option support can be contacted using live chat, the website contact page, email, or over the phone. The hours of operation are not posted.

Licensing

BigOption is blacklisted by FCA , AMF , CFTC and FSMA ! Stay Away from Big Option!

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BigOption Review

Broker : BigOption
Address : 152 Morrison Street, Edinburgh, United Kingdom EH3
Phone : +44 203 026 4486
Email: [email protected]
Website: www.bigoption.com

If you are on this page it’s that you are probably a victim of BigOption. You can’t withdraw your money, you are asked for money to withdraw or their support doesn’t answer you? It’s normal because it’s a scam. If you haven’t found a solution with your bank, we will explain the procedure to recover your money.

Scammed ? Get Your Money Back.

If you are on this page it’s that you are victims of BigOption. You are surely unable to withdraw your money, it’s the most common scam of fraudulent brokers. We can help you get your money back, this is the best legal current solution if your bank doesn’t want to help you.

You just have to register to explain your situation, an expert will answer you quickly, the consultation is free.

Just click on the button below to get in touch with an expert, if you lost more than $5000, it’s better to use our livechat.

What makes us think BigOption is a scam.

BigOption is a broker that offers trading in Europe without having regular licenses, it’s forbidden. The company that owns this broker is known to have several fraudulent brokers that are connected with each other. Despite many complaints and warnings by different European countries, this broker is still active.

He received a warning from the UK Financial Authorities(FCA) more than a year ago. A broker who has received one or more warnings from a country in Europe is a scam.

We advise you before any investment in trading to take your time to choose a broker. Always look at several reviews on the same broker to be sure because brokers pay for fake reviews. Take the time to choose and never trust before doing research. Trading has always been a world with scammers and it will continue to be so unfortunately.

Feel free to leave a comment.

If you have a bad experience with this broker, leave a comment to help others avoid being scammed. We receive threats from many fraudulent brokers but nothing will stop us to help you.

BigOption Review

BigOption

Reason to avoid: Offshore License

Listed Date: November 30, 2020

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Beware BigOption is an Offshore-Licensed Broker. It is NOT SAFE to trade.

Company name:

Wirestech Limited (BigOption).

Registration Address/ License:

Marshall Islands. Broker with Offshore License and No Regulation.

Wirestech Limited is the company that claims to be based in the Marshall Islands and run trading brand BigOptionwhile that offers binary options trading, as well as other derivatives investment opportunity.

In fact, Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of the financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around.

In the case of the Wirestech Limited (BigOption), the broker also has appeared in the supervisory authorities of Ontario and British Columbia back in 2020 with the subject of a warning to the investors. While the European authorities warned potential clients and resident about the company offering too, meaning the firms was blacklisted almost by every regulatory entity.

“The Financial Services and Markets Authority (FSMA) warns the public against the activities of Wirestech Limited, trading under the name BigOption, a company that offers highly risky investment instruments in Belgium without complying with Belgian financial legislation.”

At the glance appearing various companies that propose potentially high incomes with ease and convenience, yet the trader should check first if the broker complies with the financial legislation in order to avoid frauds. Therefore, we also advise choosing among the firms with authorization status that been received from the major regulators from around the world.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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