BigOption Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-27 12:18

Abstract：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.

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

BigOptionReview Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	102 stocks, 30 currencies, 9 commodities, 42 indices
Demo Account	/
Leverage	/
Spread	/
Trading Platform	SpotOption
Min Deposit	$100
Customer Support	Tel: +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.

Pros and Cons

Pros	Cons
Diverse trading choices	Inaccessible website
Commission-free	Unregulated status
Islamic accounts offered	Limited info on trading conditions
Popular payment options	No MT4/MT5
	Withdrawal fee charged
	Long withdrawal time

Is BigOption Legit?

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

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 Platform	Supported	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.