Scammed by BigOption Broker?
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BigOption is the UK based broker. Founded in 2008 this broker is quite popular with the traders. It provides an array of options, a huge number of assets and a Return On Investment of more than 80%. The website features five languages like English, German, French, Arabic, and Turkish. According to its website, The Cypriot authority CySec regulates this broker. Let’s do an in-depth analysis of the pros and cons of this broker.
About the BigOption:
The accounts are designed for all kinds of traders, from beginner to professional. The Micro, Basic, Gold, and Platinum Account can be accessed with minimum deposits of $250, $1000, $5000, and $50000 respectively. The broker provides welcome bonuses of 20%, 50%, 75%, and 100% on respective accounts. All the above accounts provide daily market reviews, educational content and personalized manager. On the other hand, to entertain professional traders, a VIP account is provided with a deposit of $100000. The main drawback of this broker is it does not provide a demo account. What makes BigOption unique is its ProFollow tool. This tool is designed in a way that traders can follow leading trader’s actions to increase their profit. This broker provides many bonuses and promotional offers. The withdrawal and deposit are accepted by all the means available on all the platforms. BigOption provides all sorts of education to its customers on trading, market analysis, and financial management, etc. It also provides in-person training. BigOption is loaded with many features and withdrawal is managed in professional ways. BigOption has its own trading platform called SpotOption. This platform is easy to use and provides standard operating conditions. It features 100+ stocks, 30+ currency pairs, 7 commodities, and 30+ indices to choose from. Customer support is available through all communication channels provided from seven countries and in five different languages.
But, Canadian authority Ontario Security Commission and AMF issued warning against BigOption. Also, checking with CySec it is confirmed that the company’s claim is false. Also, there are several complaints about avoiding and delaying withdrawals.
Is BigOptuion scam or legit?
BigOption is a popular broker that provides the binary options market. In conclusion, BigOption is not a trustworthy broker that provides a unique platform containing all the necessary features. Unfortunately, BigOption is unregulated and blacklisted several times by many authorities. The platform owned by the broker SpotOption is regulated by Europian Union but the BigOption is not. Hence, we can clearly say that your funds are at the risk and stay away from this scam broker.