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BigOption -

Score

1.54 /10
Danger

BigOption

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.bigoption.com

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Regulatory Index0.00

Business Index7.23

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

BigOption

Company Abbreviation

BigOption

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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BigOption · Company summary

Note: BigOption's official website: https://www.bigoption.com/ is currently inaccessible normally.

BigOptionReview Summary
Founded2021
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market Instruments102 stocks, 30 currencies, 9 commodities, 42 indices
Demo Account/
Leverage/
Spread/
Trading PlatformSpotOption
Min Deposit$100
Customer SupportTel: +442030268502
Email: compliance@BigOption.com
Address: Office 3.11, Nwms Center, 3rd Floor; 31 Southampton Row, London, WC1B 5HJ
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960

Founded in 2021, BigOption is a forex broker registered in UK, offering various market instruments including 102 stocks, 30 currencies, 9 commodities, and 42 indices via SpotOption trading platform. However, BigOption operates without regulatory oversight from any reputable financial body.

BigOption

Pros and Cons

ProsCons
Diverse trading choicesInaccessible website
Commission-freeUnregulated status
Islamic accounts offeredLimited info on trading conditions
Popular payment optionsNo MT4/MT5
Withdrawal fee charged
Long withdrawal time

Is BigOption Legit?

No, BigOption is not regulated currently. Please be aware of the risk!

No license

What Can I Trade on BigOption?

BigOption offers various assets consists of 102 stocks, 30 currencies, 9 commodities and 42 indices, adding up to a total of 183 assets.

Tradable Instruments Supported
Currencies✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrenices❌
Bonds❌
Options❌
ETFs❌

Account Type

BigOption offers Islamic accounts. However, specific account types are not mentioned.

Trading Platform

BigOption provides traders with SpotOption trading platform to operate. BigOption have added multiple perks, VIP accounts and a new feature called strategy advisor. There are plenty of guides and tutorials available before traders even sign in. For VIP clients, autotraders are available. Risk-free trades can become available for account holders with deposits of 1001 and above.

Trading PlatformSupported Available Devices Suitable for
SpotOption✔//
MT4❌/Beginners
MT5❌/Experienced traders

Fees/Commissions

Withdrawal fees will be charged: 50 for wire, 25 for credit cards plus 10 in processing fees, 25 for e-payments. In addition, accounts that have not executed a turnover of more than 200/that are not verified will also be charged 10% of the withdrawal amount.

There are no commissions in BigOption.

Deposit and Withdrawal

Clients of BigOption can deposit or withdraw via wire transfer, E-Wallet, Netteller, Union pay, Cashu and C.C.

Minimum deposit and withdrawal amount is 250/wire and 100 via other methods.

Withdrawals are processed between 3 to 7 business days. Before requesting a withdrawal, traders have to submit required documents for approval.

Bonus

Bonuses differ in size depending on account type but are within the range of 20-100%. To withdraw the bonus, traders need to make 60 times for each bonus dollar they have accepted. Additionally, traders cannot withdraw their own funds once the bonus is accepted.

News

NewsThe Court Orders BigOption Brand Manager To Pay $3.8 Million In Restitution

BigOption brand manager Elad Bigelman was sentenced by Maryland District Court Judge Paula Xinis to pay $3.8 million in reparations. The appropriate order was signed by the Judge on September 26, 2022.

WikiFX
2022-09-27 17:51
The Court Orders BigOption Brand Manager To Pay $3.8 Million In Restitution
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FX1454187472
more than one year
Let me tell you about my experience with BigOption - it was a total letdown. I traded options on their platform for a while and it was a complete nightmare. The customer service was unprofessional and didn't seem to know what they were doing. They wasted so much of my time! I had a lot of hopes for this broker but they let me down big time. I wouldn't recommend them to anyone.
Let me tell you about my experience with BigOption - it was a total letdown. I traded options on their platform for a while and it was a complete nightmare. The customer service was unprofessional and didn't seem to know what they were doing. They wasted so much of my time! I had a lot of hopes for this broker but they let me down big time. I wouldn't recommend them to anyone.
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2023-03-28 21:39
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文少
more than one year
Not much to add that has not already been covered.. it is a petty scam. How this is allowed to continue is the real mystery .. crooks do what crooks do .. but the fact that this shabby little setup is allowed to continue is the mystery...
Not much to add that has not already been covered.. it is a petty scam. How this is allowed to continue is the real mystery .. crooks do what crooks do .. but the fact that this shabby little setup is allowed to continue is the mystery...
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2023-03-09 17:39
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