If you are looking for a reliable and trustworthy binary options broker, you might have heard of BigOption. BigOption is one of the leading brokers in the industry, offering a wide range of assets, trading tools, and features to its clients. But can you trust them with your hard-earned money? In this review, we will take a closer look at BigOption and see if they are worth your time and investment.

What is BigOption?

BigOption is a binary options broker that was founded in 2014 and is based in London, UK. They are owned and operated by Silver Services Ltd, a company registered in the Marshall Islands. BigOption claims to be regulated by the Financial Services Commission (FSC) of Mauritius, but we could not find any evidence of this on the FSC website. Therefore, we advise caution when dealing with this broker, as they may not be subject to strict regulatory oversight.

What does BigOption offer?

BigOption offers over 200 assets to trade, including currencies, stocks, indices, commodities, and cryptocurrencies. They also have a variety of trading modes, such as classic binary options, long term, short term, one touch, ladder, pairs, and FX/CFD. The payout rates vary depending on the asset and the mode, but they can go as high as 85% for some options. The minimum trade size is $25, and the maximum is $10,000.

BigOption also provides a number of trading tools and features to enhance your trading experience. These include:

• A web-based trading platform that is easy to use and navigate
• A mobile app that is compatible with iOS and Android devices
• A demo account that allows you to practice trading with virtual funds
• A social trading feature that lets you follow and copy other successful traders
• A trading academy that offers educational materials, such as e-books, videos, webinars, and articles
• A customer support team that is available 24/7 via phone, email, live chat, and Skype

What are the pros and cons of BigOption?

Pros:

• A large selection of assets and trading modes
• A user-friendly trading platform and mobile app
• A demo account and social trading feature
• A trading academy and customer support

Cons:

• A questionable regulatory status
• A high minimum trade size and withdrawal fee
• A lack of transparency on some aspects of their service

Conclusion

BigOption is a binary options broker that offers a lot of options and features to its clients. However, they also have some drawbacks that may deter some traders from choosing them. The most concerning issue is their regulatory status, which is unclear and unverified. Therefore, we recommend that you do your own research before signing up with this broker, and only invest what you can afford to lose.

What to Do If You’ve Lost Money with BigOption?

If you have been scammed by BigOption or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.