BigOption Broker Review

A good broker is one who meets the expectations of traders and exceeds then by providing complementary services which enhance the traders experience in binary options. Good returns and bonuses are not the only thing that a trader will look at when he is looking for a broker to manage his trading account. There are other services that a broker does that are just as important. This review will bring to light all there is about this broker known as BigOption Broker.

What is BigOption?

This is a binary options broker. They have been in operation since 2011 and to date; they continue to manage the investment accounts of many traders from all over the world. BigOption is domiciled in the United Kingdom though they operate out of Gibraltar these days. Silver Services Limited is the company that owns this brokerage. They have been associated with questionable account management in the past. The question is, have they put their house in order and are they a legit broker in binary options trading?

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1Sounds great, where do I get a Binary Option Robot?
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2Open a Binary Option Robot Account
I recommend that serious traders, open a number of different accounts with the different Binary Option Robots, listed. The reason for this is simple: anyone with knowledge of the market understands that you must spread your risk over as wider area as possible, no matter how good the system, if you put all your eggs in one basket, you run the risk of losing everything. Thus, as with everything else, you should spread your risk over a number of Binary Option Robots, to maximise potential profit and prevent loss. Each one of the Binary Option Robot suggested in this article, has been rigorously tested, regulated, licenced and approved for the territories listed in the drop-down menu.
3Binary Option Robot – How they work in practise
Binary Option Robot

1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

Binary Option Robot

2. The Binary Option Robot Will Predict the Price Movement

Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

Binary Option Robot

3. Decide on how much you want to Invest

Then you need to decide how much you want to invest in the commodity and when that investment will expire.

Binary Option Robot

4. Collect your Earnings

Finally, you collect your earnings (the good part!)

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The Main Features of BigOption Broker

The payout

The broker promotes the figure of 85% as the official maximum payout for all trades in the ordinary options. Other options like the one touch have much higher rates but this is the working figure. Tests on the brokerage services and payouts have reported that the payout is generally lower than 85%. The company returns a profit most of the time anyway. At 85% if they do actually hit that level is not the highest in the industry, but it is up there with the best. The issue is whether they can offer that and do so consistently. The broker also offers 20 risk-free trades to all traders when they open their trading accounts and make an initial deposit.

BigOption Main Page
BigOption Main Page

Account types

BigOption has five different accounts that traders can open for their trading. Each has its own benefits and traders will gauge their objectives and their outlay for binary options and decide on which accounts will be of benefit to them. These different accounts are:

  • Basic Account: As the name implies, this is the account with the least benefits accruing. It is actually basic in nature. The minimum initial deposit here is form $250 to $1,000. It is mostly favored by beginners who want to learn the ropes of the trade before making more concrete financial commitments. The minimum balance here is not the lowest in the binary options world but it is just around the industry standard. It attracts a 20% signup bonus. One of the benefits here is a signup bonus and a daily market reviews. You will also gain access to the BigOption Academy.
  • Micro Account: This is the next account in line and it asks for a minimum deposit of $1,001 to $5,000. With this account, you will have the same access to the BigOption Academy but with a Guide to Trading thrown in. The sign up bonus here is 50%. You will also be provided with a personal account manager in addition to 1-3 risk free trades. For a week you will receive trading signals worth $99 as part of the package.
  • Gold Account: The minimum deposit here rises to between $5001 and $50,000. A signup bonus of 75% will be waiting for you here as will be the 2 to 5 risk free trades and the exclusive daily market review emails. You will receive free market signals for the first two weeks. These signals will be worth $199. You will also have more bonuses on all subsequent deposits.
  • Platinum Account: The initial minimum deposit here is $50,001 to $100,000. This account has a 100% welcome bonus and 10 risk free trades. You will also have additional bonuses of up to 100% on subsequent deposits. Here, you will have a senior personal account manager, trading signals worth $599 for up to 2 months and an advanced guide to trading.
  • VIP Account: This is the account for the big hitters in the binary options world. It is for traders who are able to make a deposit of over $100,000. It is a premium account with advanced features of every benefit all the other accounts attract.

Education and training

These days it seems all brokers are competing on who will offer the widest range of educational and training materials in the industry. BigOption has not been left behind. Traders have every opportunity to better themselves through all the available resources which include: eBooks, video manuals, guides and trading training. There is also a great blog with good binary options related content. Reading the blog will give a trader a deep insight to what binary options is all about and what they can do enhance their trading experience with BigOption brokers. The blog is one of the hidden gems of this software and they should promote it more.

BigOption Speed Trading
BigOption Speed Trading

Customer support

The thing with customer support is that it is not tangible and each trader has a different need for this service because each trader is specific in his queries. BigOption does not waste any space where they can tout that their customer service as the best there is among the binary option brokers in business today. This broker has a department dedicated to this service. They call it the Support Centre. A good thought that they have at this Centre is to have a section of FAQs which help the trader with answers to the most frequently asked questions. If you feel you will need more assistance, you can opt to call, send an email or use the live chat feature. On the interface there is the search space which is also helpful especially with beginners or people new to the software.

Mobile trading

Traders’ expectations today demand for access of trading accounts and to the trading itself through mobile devices. BigOption are obviously in stride with technology because they now have smartphone apps on both iOS and Android platforms. The benefits that these trading apps have come with are immense. Unlike in traditional trading of financial assets, you will not be sitting at your computer all day and deep into the night at your desktop in order to execute trades. Now you are free to trade from any part of the world where there is a reliable internet connection.

Banking

BigOption have made it a basic requirement to send scanned copies of your identification documents before making any financial money transfer either to them or vice versa. This could be to stem fears that some of the money they trade with could be in the process of being laundered. It is also to make sure that the transactions are transparent and above board. This broker accepts deposits through all the major credit cards like Visa, MasterCard, Amex, Maestro and others. They also accept bank wire transfers. These money transfer methods are also the same that are applied for withdrawals. For withdrawals the BigOption system advises traders to wait for 3 to 4 days for the processing of withdrawals.

BigOption Banking
BigOption Banking

Tools of trade

With BigOption brokers, traders will have a field day when they come to selecting the options that they will use to make their binary options trades. These trading options include the Put/Call, asset pairs, long-term options, One Touch, speed option and the FX/CFD. Two exceptional tools are:

  • The ProFollow feature: This feature has traders mimicking the top traders in the brokerage. What happens is that if you are using the ProFollow, you will open your trading by following the moves of one of the top traders. Whatever he trades, you make a similar trade as well. The downside of this feature is that it is only applicable in the classic binary options trades. This method is also used by beginners to gain experience apart from learning from the top traders most of whom have many years of experience in binary options.
  • The strategy advisor: Most brokers are adding this tool to their bouquets of offers to traders. This is a live chart makes trading decisions through technical analyses of the financial markets. The advisor removes the donkey work of looking for news and happenings in the binary options world. This advisors work is to let the trader know how to trade by studying the various market conditions in the financial world capitals. This tool’s main purpose is to advise the trader on the right trading strategies to apply in his current trends. It is able to recognize trends and winning streaks and passes the same information to the trader.

Traders who apply these tools in their trades have already stated seeing the usefulness of such tools which were not considered as mainstream binary options practices.

BigOptions Trading Robot
BigOptions Trading Robot

Account opening with BigOption

Registration of a trading account at BigOption is a fairly simple matter. It is usually completed within a very short period. What traders are required to do is to fill in their contact details which will be used in all succeeding communication. You will also have to select the currency your account will be operating on. This is a one-time action which cannot be reversed in future. After this is completed, the trader will then be ushered to the account settings section where he will select the account type that he will be willing to open with BigOption brokers. Comparatively, this is one of the best account opening processes traders will find in binary options trading.

Assets you can trade with

With over 130 assets to choose from, trader will have no trouble finding the assets that meet their fancy. The trader will know what assets agree with his strategies and trading methods and which ones do not. Beginners will be seeking the most traded assets or those with the least risk level. With BigOption brokers, the list is long and your favorite assets will either be currencies and their pairs, commodities, prime stocks and main global indices.

Bonuses

BigOption bonuses are varied in generosity. This is seen well when you look at the bonuses given on signup. The Basic account is awarded a paltry 20% while the bonus rises to 100% in the Platinum Account. Other bonuses, like the seasonal bonuses and the loyalty bonuses are also awarded according to the type of account a holder has. The only even bonus that does not discriminate on the size of the deposit is the refer-a-friend bonus where there is a $100 for successfully introducing a trader to BigOption.

Beginners are welcome

BigOption recognizes the fat that nobody is a born binary options trader. Good traders are made through training and experience. The broker welcomes beginners with open arms. There are plenty of learning resources and if a beginner has an account manager, the easing into binary options will be quite smooth. There are reports of traders who started here and they are now professionals in the business. For a trader who wants to improve in his binary options venture, all the opportunities are here for the taking.

BigOption Trading Software

Conclusion

Integrity is one thing a broker should never compromise on. This is because traders want their investment funds to be in safe and secure hands. Some time back, there was a flood of complaints about BigOption not being very prudent with traders’ accounts management. This is a stain that will linger in traders’ minds for a long time.

The absence of a demo account is also demoralizing when it comes to this broker. A demo account is the most convenient channel for new traders to get the hang of binary options and for experienced traders to test their strategies and methods.

To be sure of who is handling your investment, register your trading account with Binary Option Robot. This will be your broker of choice if you are looking for one who has an impeccable record when it comes to integrity. You funds will always be safe. Apart from that, Binary Option Robot offers some of the best payouts in the market today. Add this to the experience they carry of many years in business and an effective client support policy and you have yourself a binary options broker you can count on.

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Author: Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.