BigOption Review

BigOption uses the state-of-the-art version of the SpotOption powered trading platform. This second generation platform is straightforward to work with and offers robust trading functions like the “Profollow” mode which lets traders to set their trading parameters to emulate the tactics of successful traders. This useful feature is supported exclusively by the SpotOption powered trading platform.

BigOption also offers support for mobile trading. Traders can download the mobile app from Apple AppStore or Google Play. Another feature of BigOption is the Auto Trading robot which uses the Faunus Analytics technology and helps traders save time during trading.

The SpotOption powered platform offers unique features like Roll Forward, Double Up, and Buy Me out. Newer features include the “Ladder” trading mode which enables traders to implement the advanced ladder trading technique with a single mouse click. Another standout functionality is the “ProFollow” trading mode which is a social media trading feature.

Most account types will give you access to BigOption Academy that contains lots of useful training materials that will let you become a better trader and maximize your investment efficiency.

You can also take advantage of an Islamic account that was prepared specially for traders who follow the Islamic faith.

Pros

• Supports social media trading
• Five types of trading accounts
• Five types of trading contracts
• Wide range of underlying assets
• Sophisticated trading platform
• Large educational library

Cons

• Charts can be improved
• Rebates for out of the money trades can be improved

Platform type: SpotOption

Platform Languages: English, French, Turkish, Arabic

OS Compatibility: Mac OS, iOS, Windows

Streaming News Feed: Yes

Email Alerts: Yes

Mobile Alerts: No

Located in: United Kingdom

Website: http://www.bigoption.com/

Founded in: 2012

Accepts US Clients: Yes

Phone number: +44-203-5193481

Email: support@bigoption.com

Commission:

Minimum Deposit: $250

Payouts Percentage: 500%

Deposit Options: Credit Card, Debit Card, Bank Wire Transfer, Neteller

Withdrawal Options: Credit Card, Bank Wire Transfer, Neteller

Payout Ratios: BigOption offers generous payout ratios of up to 85% for normal trading. If trades close out of the money, traders are still entitled to a 10% rebate. For higher returns, traders can use the one touch options trades which offer payouts up to 500%.

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

Customer Support Languages: English, French, Arabic

Customer Service Hours: BigOption offers a full 24h/7 customer support

Place Trades Over the Phone?: No

BigOption offers five types of trading contracts:

• Classic Binaries: The most popular type where traders decide if prices will end up higher or lower than a predetermined strike level
• Speed Options: Traders can select expiry times ranging from 30 seconds to 300 seconds
• Long Term Options: Long options have longer expiry times of up to a year
• One Touch Options: Trader has to decide if prices will reach a predetermined level before its expiration
• Pairs Trading: Traders can pit two assets of the same asset class and see which does better or worse.

BigOption offers five different types of trading accounts to suit different categories of traders:

Micro Account:

• For novice traders with 20% welcome bonus. 
• Starting deposit is $200-$250
• Access to Daily Market Reviews
• Access to BigOption Academy

Basic Account:

• For more experienced traders with welcome bonus up to 50%.
• Starting deposit is $501-$2500
• Access to Daily Market Reviews
• Access to BigOption Academy
• 10 Risk Free Trades
• Personal Account Manager

Gold Account:

• For semi-professional traders who trade with sophisticated tools.
• The welcome bonus is up to 75%.
• Starting deposit is $2501-$10000
• Exclusive Daily Market Review Email
• Advanced Guide to Trading
• 15 Risk-Free Trades
• Up to 75% Welcome Bonus
• Personal Account Manager
• Gold Trading Signals up to 2 weeks (worth $199)
• Additional bonuses on every deposit
• Weekly One-on-One session with a trading expert
• Auto Trading Robot

Platinum Account:

• For professional traders with high trading volume.
• Welcome bonus is 100%.
• Starting deposit is $10001-$50000
• Exclusive Daily Market Review Email
• Advanced Guide to Trading
• 20 Risk-Free Trades
• Up to 100% Investment Bonus
• Personal Account Manager
• Platinum Trading Signals up to 2 months (worth $599)
• Additional bonuses on every deposit
• Daily One-on-One session with a trading expert
• Advanced Auto Trading Robot

VIP Account:

• For traders with specific trading needs. They can negotiate benefits with the account manager.
• Starting deposit has to be above $50000