BigOption Scam Review
We have made a research of BigOption and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Forex Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that BigOption is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Forex Brokers:
Experienced and wise financial team can not only assist an inexperienced investor in the trade world but also educate him, and this has been a slogan of BigOption. Many websites analysed and declared BigOption as one of the reliable brokers for Forex due to their clear plans, user-friendly multi lingual web portal, the promised high payouts, deposit bonuses, easy to understand investment plans.
20 risk-free trades with account opening increased the popularity of BigOption but this diminishes when huge number of clients complains about possible financial mismanagement and reinvestment without their consent.
New investors can start trading with minimum deposit of $250 and receive 20% Welcome Bonus under “Micro Account” and with $501 minimum deposit under “Basic account” fetching 50% welcome bonus as well. Gold Account can be activated with $2,501 earning a 75% welcome bonus. The Platinum Account is planned for traders who wish to trade huge volumes and earn 100 percent bonus with initial deposit of $10,001.
Professional traders can opt for VIP Account with $50,001 and appoint a personal accounts manager by BigOption. Trading involves Forex of Call or Put for Yes or No, respectively to trade for the said value.
The trading platform is web based, easy to use, it offers the Sell Early, Double Up, One Touch Forex instruments and more. It also offers charts, the ability to copy successful traders, and an automated trading robot. The company also provides manually generated trading signals and further trading support which can be utilized by traders of all levels. The platform is also available on tablet and smart-phone devices. BigOptions offers responsive 24/7 customer support via Live Chat, Email or Toll Free Phone. The BigOption Academy provides videos which are geared towards both beginner and advanced traders alike. They also offer a free eBook. The platform is available in English, French, German, Arabic and Turkish.
Making money online have always been a dream of investors by trading online and many fraudulent brokers can easily deceive traders due to no face to face interaction. There has been scandals speculated about reinvestment of money without prior consent of traders by BigOption broker, which is denied and termed as strategic and vital decision taken out by wise financial advisers of the company.
Many customers are not satisfied with this clarification and insist on declaring BigOption a scam. There is no hard evidence that points towards a scam but we still advise you to use an approved and recommended Forex broker in order to be sure that your money are safe with it.
Withdrawal of money or even profits is not an easy process from any running business or trade but BigOption broker claims it to mange for their clients as BigOptions advocates the transparency in account and favours same day withdrawal or as soon as traders wish to withdraw money by using many available options like Master Card, Bank Wire etc.
Trader has to put a fund withdrawal request to online broker or personal account manager of BigOption broker and payment is transferred by user selected method. Contradictory reviews of the customers about withdrawal process make it difficult to recommend BigOption brokers to trade with. In the case of BigOption, it has been reported that their withdrawal rules keep changing without informing the customers.
BigOption.com is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), and all clients’ funds are kept in separate bank accounts. But just being a regulated broker does not mean the broker is reliable, as we have seen in our trading experience.
Click on the thumbnail below to see traders’ comments..
ConclusionAfter detailed investigation our team concluded that there are better choices than BigOption. We cannot confirm that this Forex broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with BigOption.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.