BinaryRanking reviews binary options brokers and compares one to each other. This review for the binary options broker BigOption clears out all doubts about the allegedly scam endeavors levied on it.
Introduced in 2008, BigOption has recently been accused of being a scam binary options broker. Any wise trader will go through the website first to explore its features before opening an account and undertaking any transaction. The above presentation gives an overview of the registration process, the different account types available, the education section and the customer service offered.
The registration process is a simple one. The potential trader needs to register his details, following which, he/she will be guided to the different account types. The Micro account starts with an investment of 250 up to 500. This account type is recommended for beginners, but not limited to experienced traders. Then, comes the Basic account. This account can be opened with an investment of 501 up to 2500. The trader receives daily market reviews and access to the BigOption academy. He also receives a welcome bonus of 50%.
The next one is the Gold account which is labelled as the most popular account. The trader can opt for a deposit of 2501 up to 10 000. Lastly are the Platinum and the VIP accounts. These two accounts are mostly for experienced traders. The Platinum account starts with an investment of 10 001 up to 50 000.
The trader benefits from the guidance of an expert trader with a weekly one on one session. The VIP account provides for various privileges. The trader can negotiate how much bonuses he is entitled to receive, which are eventually amazing returns! BigOption’s different accounts cater for all types of traders – from beginners to experienced ones.
The BigOption academy allows novice traders to learn more about binary options trading. There is a range of e-books and videos available on every subject of trading binary options. One important educational document is the binary options guide to trading. This guide covers various aspects of trading. However, the education section is not reserved for beginners only. Experts also can enhance their trading knowledge and experience through these materials. The blog section is an add-on where latest market news and financial articles are provided.
The two trading features, Profollow and Strategy Advisor, are essential tools for any trader. Traders can use Profollow to follow other traders and place the same transactions. The Strategy Advisor calculates the financial tendencies through technical analysis. Traders can make the most of these two exclusive features to place their transactions.
On an overall basis, BinaryRanking classifies BigOption as a reliable one. All the features are clearly presented and explained. It offers easy deposit plans with amazing gains. However, traders need to read the terms and conditions before opening an account. Invest and be profitable!
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TABLE OF CONTENT
1. Overview ------------------------------------------------------------------------------------------------------------ Page 3
2. Registration Procedure -------------------------------------------------------------------------------------------- Page 4
3. Account Types ------------------------------------------------------------------------------------------------------ Page 5
4. Trading Academy -------------------------------------------------------------------------------------------------- Page 15
5. Trading Tools ------------------------------------------------------------------------------------------------------- Page 21
6. Customer Service ------------------------------------------------------------------------------------------------- Page 25
7. Mobile Trading ----------------------------------------------------------------------------------------------------- Page 26
8. Award by FX Empire ---------------------------------------------------------------------------------------------- Page 27
9. Conclusion --------------------------------------------------------------------------------------------------------- Page 28
BigOption Review
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• BinaryRanking aims to shed light over various brokers in the binary options industry.
• Over the years, BigOption has emerged as one of the leading binary options brokers.
• BigOption provides the most sophisticated trading tools and features to its traders.
• Boasting a reliable mobile trading platform and high payout rates, BigOption vows by
reliability and innovation.
• But the real question remains – IS BIGOPTION A SCAM BROKER?
• Well, let’s find out!
BigOption Review
4. 4
- Registration Procedure
• Let’s start with the registration procedure which is really simple and easy for anyone
who wants to open an account with BigOption.
• Traders only have to register their personal details and select a currency of their choice
which cannot be changed later.
• Wait! You don’t need to give your credit card information or any financial information of
any kind whatsoever. The best part is that you aren’t even required to make a deposit
right away.
• BigOption allows you to be acquainted with its platform, trading tools, learning academy
and diverse other features.
• Now, when you feel you’re ready you can choose an account type that suits you best and
make a deposit to start trading.
BigOption Review
6. 6
- Account Types
• When making a deposit for the first time you can choose between 5 different account
types, which is extremely beneficial to traders.
• Traders can start trading with a small deposit and gradually increase their account
balance according to their trading needs and objectives.
• Let’s have a closer look at each of BigOption’s account types.
BigOption Review
7. 7
• Ideal for traders with limited funds.
• Daily Market Reviews: an undeniable asset.
• BigOption Academy for beginners as well as experienced traders.
• 20% bonus on top of that!
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• “You get what you pay.”
• Personal account manager to constantly guide you.
• Risk-free trades to help you with some professional trading.
• Free trading signals to help you place your transactions.
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• The Most Popular Account type
• Receive Daily Market Review emails.
• Trading expert 1-on-1 session isn’t something to miss out.
• Auto Trading Robot to trade with great accuracy (82%) on your behalf.
• Advanced guide to trading is like a stepping stone to success.
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• The greater the investment, the better the payouts.
• Up to 100% Investment Bonus.
• Daily 1-on-1 session with expert trader will help you to place better transactions on your own.
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• Superior to all other accounts available
• Negotiable bonuses.
• Requests are processed rapidly.
• Exceptional attention to traders.
• And ALL the benefits of the other accounts.
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- Fallacies & PitfallsAccount Types
• Choosing the appropriate account type is fundamental to any trader’s career.
• Beginners often opt for BigOption’s micro account upon registration, but just look at
what traders can benefit from in the Basic account compared to the micro account:
1. 50% welcome bonus
2. Trading Signals for 1 week
3. A personal account manager
4. An expert trader to guide you on transactions
• As such the micro account is believed to be a pitfall for any trader.
• The cherry on the cake is the expert trader’s guidance for only 501, which is essential
for any trader in the early stages of his/her career.
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- Fallacies & PitfallsAccount Types
• The intermediate trader has a tendency to register for the gold account, available for a
minimum deposit of 2,501.
• Intermediate traders are those who are acquainted with binary options trading and
already have a knowledge of the market.
• But if a novice trader were to give the gold account a try, he/she would have greater
chances at having a longer and successful trading career.
• The Auto-Trading Robot, trading with up-to 82% accuracy for you, steals the show in this
account type.
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- Fallacies & PitfallsAccount Types
• BigOption provides 2 accounts for advanced/expert traders, namely the Platinum and VIP
account.
• Expert traders are those who have been in the binary options trading industry for a long
time.
• Basically, one would not spot the difference between the Platinum and VIP accounts.
• Upon inquiring with customer support, traders will find that everything offered in the
Platinum account is entirely negotiable in the VIP account.
• e.g. the technicalities of the withdrawal policy is completely negotiable, same applies
for bonuses, expert guidance and all privileges offered.
• Always beware of the fallacies when opening an account with BigOption!
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- Trading Academy
• BigOption has an extensive range of high quality learning materials.
• Both beginners and experts can benefit from BigOption’s Trading Academy.
• First of all, BigOption provides a guide to trading which is highly recommended to new
traders in the industry.
• BigOption’s trading academy is one of the leading places to educate yourself and boost
your trading career.
• Novice, intermediate and expert traders have videos at their disposition along with free
E-Books.
• The opportunity is there - New traders can be nurtured into savvy traders using the
materials provided by BigOption.
BigOption Review
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- Walkthrough VideoTrading Academy
• Focuses on BigOption’s user-friendly
platform
• Learn how to use BigOption’s trading
tools in an efficient and useful
manner.
• Learn how to trade on BigOption’s
interface
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- Binary Options V.O.DTrading Academy
• Consists of both beginner and advanced
information about learning how to trade
binary options
• Overview of binary options market
• Useful information concerning types of
investment; the co-relation between
trading and emotions and ways of
distributing risks
• Focuses on the advantages of binary
options trading and types of market
analysis
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Trading Academy – Introduction to Binary Options
Trading Psychology, Financial Management and
Market Analysis are fundamental to any trader
who wish to have a long and successful trading
career.
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Trading Academy – Binary eBook
• Important tool that has been
designed to endow traders with
essential concepts and steps related
to trading
• Educate traders on how to trade as
well as when to trade
• Covers important aspects like
traders’ psychology/behavior as well
as practice basic and important
techniques
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- BigOption BlogBigOption Review
• Updated on a regular weekly basis with a
new blog post.
• Traders can enhance their trading career
by learning about technical and
fundamental news.
• Serves as an ‘informal’ platform between
BigOption and its traders as traders get
the opportunity to interact with us.
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• BigOption has a wide pool of trading tools to offer its traders.
• The Classic binary options, Speed options, Pairs options, Long-term trading options, One-
touch Options, Ladder Options are amongst the common trading tools.
• The Profollow and Strategy Advisor are those which steal the show though.
• Profollow is copy-trading.
• Traders only have to follow successful traders and they will place the same transactions
as soon as the latter opens a position.
• You decide how much you want to invest on a successful trader and reap the profits.
- Trading ToolsBigOption Review
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BigOption’s Profollow Trading Tool
1. Scan and find up the most performing
leaders according to your preferred
asset
2. Choose your follow period & the
investment amount
3. Click on the “Follow” Button and you
are done!
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• The Strategy Advisor is a calculator that studies financial tendencies through technical
analysis.
• The Bollinger Bands, Relative Strength Indicator and Moving Average are the strategies
that the Strategy Advisor makes use of to speculate about trends.
• Strategy Advisor does your part of the job by analyzing the trends of assets.
• Traders only have to place the transaction based on the outcome of the Strategy Advisor
analysis.
• Only available in the Classic Binary Options trading tool.
• The Strategy Advisor is indeed a handy tool to have at your disposition.
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The Strategy Advisor in action
Hover onto the
Strategy Advisor icon
Choose between the
RSI, Moving Average or
Bollinger Bands
Get a forecast in 10
seconds and place
your transaction!
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- Customer ServiceBigOption Review
• BigOption labels its customer support as one of the best compared to other brokers.
• Maintains a balance between its growing numbers of customers with their quality of
service.
• Support is quick and easy to find.
• BigOption’s Support Centre provides traders all important answers and information in
one place.
• Search Box placed at the bottom of the website to facilitate new traders who are looking
for specific information.
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- Mobile TradingBigOption Review
• Sophisticated and practical mobile app.
• The BigOption mobile application is a trendy app to have at one’s side wherever you
are.
• It is both a reliable and robust app catering for all the needs of a trader on the go.
• Loads of benefits of mobile trading.
• Provides same features as it does on its website.
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• FX Empire, a leading financial site, brands BigOption as “The Most Reliable Binary
Options Broker” of the year 2014.
• As this review suggests, BigOption has worked a lot to achieve such a feat.
• Honorable achievement that other brokers in the binary options industry look up to.
• BigOption has been reviewed by many other trading specialists, which have generated
good to excellent ratings.
• Now, would you really classify BigOption as one of the scam brokers?
BigOption Review – FX Empire Award
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Conclusion - Features
Rating – 17/20
• BigOption has certain outstanding features that traders will obviously benefit from.
• The Auto Trading Robot: this tool enables traders to save time by making the robot trade for them
with an accuracy of up to 82%.
• The Strategy Advisor: A calculator used during trading to make predictions about the movements
of an asset and then traders place transactions according to the predictions.
• Mobile Trading: This feature allows traders to trade binary options through their mobile devices
via Google Play or Appstore.
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Conclusion – Trading Tools
Rating – 16/20
• BigOption offers eight trading tools namely :
1. Classic Binary Options
2. Pairs Options
3. Long-Term options
4. One Touch Options
5. Speed Options
6. Ladder Options
7. FX/CFD
8. Pro-Follow
• Diverse trading tools provide different expiry times in order to meet the specifications and
requirements of each and every trader.
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Conclusion - Payouts
Rating – 15/20
• BigOptions allocates up to 85% payouts to all its traders.
• However, returns on investment also depend on the amount traders have invested to place a
transaction.
• BigOption traders can rest assured that they are moving towards a remunerative trading
experience when they join BigOption’s platform.
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Conclusion – Customer Service
Rating – 15/20
• BigOption’s provides an excellent customer service in terms of e-mail, phone and online chat.
• Traders can contact BigOption by using one of the mentioned means of communication.
• BigOption’s endows its traders with an outstanding support team which is available 24/7.
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Conclusion - Reliability
Rating – 17/20
• One of the main characteristics of BigOption’s platform is its reliability in terms of :
1. User-friendly platform
2. Effective trading tools
3. Innovative features
4. Wide range of asset
5. Excellent customer support services
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- ConclusionBigOption Review
• From what we have seen, by all means, BigOption is simply not a scam broker.
• BigOption is constantly moving towards inventive strategies with the aim of facilitating
the trading experience of all its traders.
• In this way, through innovation and quality, BigOption stands out of the crowd and holds
a unique place in the world of trading.
• As far as BinaryRanking has reviewed BigOption, this broker focuses on innovation and
reliability!
Overall Rating – 16/20