Is Huge Options a Scam?
SummaryAfter a detailed research we cannot confirm that this broker is safe. We recommend you to Proceed to Safety with Trusted & Approved Binary Options Broker. Alternatively you can Skip the content and See the Conclusion.
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Huge Options Review
Huge Options is one of the latest binary options brokers in the industry. The broker was launched in 2015 and is owned by Huge Ltd and is based in London, United Kingdom. They offer a range of assets from some of the major categories including currency pairs, commodities, indices and stocks. They also offer basic education to help their traders get started easily and quickly.
The free training that is available on their website is divided accordingly to suit the needs of different types of traders. The video tutorials are enjoyable, but quite basic and are mostly suitable for beginner traders. During our review of Huge Options customer support, features and trading platform, we have come across several interesting facts that we have outlined below. Continue reading this review to find out more about whether Huge Options is a reliable choice or it is just a scam.
Is Huge Options A Scam?
When we performed a quick search on Google, we did not find much information about the broker. One of the reasons could be that the broker is very new in the industry. There is also no way to test their trading platform because they don’t offer a demo account. Reputable and trustworthy brokers in the industry offer this special feature so traders can learn more about their trading platform and decide whether they are the right choice for them or not. At the moment it is hard to say that Huge Options is a reliable broker. We are not saying that they are a scam site, but we don’t have enough information about them to approve them as safe.
Huge Options trading platform is powered by Markets Pulse. The platform is easy to navigate, has a user friendly interface and makes it possible to execute trades in a simplified manner. Traders can also get access to trading signals directly on their website without any additional cost. Their trading platform is available in English and Arabic. They may add more languages soon. They have mobile apps for iOS and Android users which can enable traders to trade on the go.
Account Types and Bonuses
It is quite surprising that new traders can open only one type of standard account at Huge Options. The idea of having only one type of account is to ensure that all the traders can receive the same benefits. When a new trader signs up with Huge Options, there are two types of bonuses available for him. The first one is the 100% bonus on the first deposit and the second one is a Risk Free Trade.
But, before a trader chooses to accept these bonuses, he must be aware of the terms and conditions of the broker. The trader must understand the requirements because when a bonus is accepted, the trader will have to execute trades at least 30 times the bonus amount to be able to make a withdrawal.
How To Get Started?
- Sign Up – the first step towards getting started at Huge Options is creating an account. Traders must provide their details along with a unique email ID to set up an account.
- Trade – After a deposit is made, it is possible to start executing trades. Making the right decisions can help you make profits on your investment.
- Withdrawal – the last step is to make a withdrawal of your earnings which can be done by submitting a form on their website.
Deposit and Withdrawal Procedures
The payment methods that are available to traders at Huge Options include debit cards, credit cards, bank wire transfer and a variety of ewallet options including Skrill, Neteller, UnionPay and Qiwi. The minimum amount required to make a deposit is $250. The minimum amount needed to make a withdrawal is $50 and the same methods that are used for making payments can be used for making withdrawals. Traders have to complete a withdrawal request form and submit it to the processing department when trying to make a withdrawal. Withdrawals are generally processed within 7 days.
Traders who are in need of help can contact their customer support team through email, telephone or live chat. Although they say that their customer support service is provided 24/7, live chat support is only offered during the business hours.