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Product First Binary Option Service vs. BigOption

Selecting the most appropriate binary option trading srevice for your organization is hard with so many features, choices, and offers to take note of. On the other hand, relying on our review directory will allow you to cut down the selection process by getting all crucial providers in a single location. As an illustration, you can compare BigOption and First Binary Option Service for their features and overall scores, in this case, 8.0 and 7.0, respectively. Similarly, you can see which provider has better general user satisfaction rating: 89% (BigOption) and 95% (First Binary Option Service) to find out which solution is the better option. Don’t simply start using the platform with the lowest minimum deposit, but the service that offers the most cost-effective value.

Product

First Binary Option Service

VS

BigOption

VS

Total Score

Our Score

7.0 ?

Our Score

8.0 ?

Client Experience

Client Experience

95% ?

Client Experience

89% ?

Minimum Deposit

$5

$250

Accepts US Clients

Yes
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Full Review

Description

First Binary Option Service’s trading platform is just labeled differently from traditional trading platforms. But it is simple to use as all the main features are labeled clearly and you can easily select options from the provided drop-down list.

This broker offers a demo account to help traders become familiar with the trading platform before they invest their money. You can trade in about 50 instruments of various types including CFDs, indexes, futures, and currency pairs. The trading platform is web-based and you don’t have to download or install any software on your computer system. The company has been around since 2011 and offers support in English and Russian languages.

BigOption makes use of the the latest version of the SpotOption powered trading platform. That second generation platform is straightforward to operate and supports advanced trading capabilities such as the “Profollow” mode which lets traders to set their trading parameters to emulate the approaches of winning traders. This great feature is offered only by the SpotOption powered trading platform.

BigOption also provides support for mobile trading. Traders are able to download the mobile app from Apple AppStore or Google Play. Another feature of BigOption is the Auto Trading robot which makes us of the Faunus Analytics tech and helps traders save time during trading.

Platform

Platform type: First Binary Option Platform
Platform Languages: English, Spanish, Russian, Arabic
OS Compatibility: Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No
Platform type: SpotOption
Platform Languages: English, French, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No

Phone

No phone support +44-203-5193481

Located In

Cyprus United Kingdom

Trade Types

First Binary Option offers six trade types:

  • High / Low
  • One Touch
  • No Touch
  • In Range
  • Out Range
  • 60 Seconds

BigOption offers five types of trading contracts:

  • Classic Binaries: The most popular type where traders decide if prices will end up higher or lower than a predetermined strike level
  • Speed Options: Traders can select expiry times ranging from 30 seconds to 300 seconds
  • Long Term Options: Long options have longer expiry times of up to a year
  • One Touch Options: Trader has to decide if prices will reach a predetermined level before its expiration
  • Pairs Trading: Traders can pit two assets of the same asset class and see which does better or worse.

Payouts Percentage

80%

500%

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CFDs Forex, Metals, Oil, Gold, Indices, Stocks, Commodities
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Email

support@firstbinaryoption.com support@bigoption.com

Withdrawal Options:

Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill Credit Card, Bank Wire Transfer, Neteller

Payout ratios

Average returns are around 80% and maximum returns can be as high as 765%. You can get a refund of up to 15% for losing trades.

BigOption offers generous payout ratios of up to 85% for normal trading. If trades close out of the money, traders are still entitled to a 10% rebate. For higher returns, traders can use the one touch options trades which offer payouts up to 500%.

Trading Accounts

Click on the “Real Account” button on firstbinaryoption.com to register and get started. The minimum deposit required is just $5. The website also offers a free demo account.

BigOption offers five different types of trading accounts to suit different categories of traders:

Micro Account:

  • For novice traders with 20% welcome bonus. 
  • Starting deposit is $200-$250
  • Access to Daily Market Reviews
  • Access to BigOption Academy

Basic Account:

  • For more experienced traders with welcome bonus up to 50%.
  • Starting deposit is $501-$2500
  • Access to Daily Market Reviews
  • Access to BigOption Academy
  • 10 Risk Free Trades
  • Personal Account Manager

Gold Account:

  • For semi-professional traders who trade with sophisticated tools.
  • The welcome bonus is up to 75%.
  • Starting deposit is $2501-$10000
  • Exclusive Daily Market Review Email
  • Advanced Guide to Trading
  • 15 Risk-Free Trades
  • Up to 75% Welcome Bonus
  • Personal Account Manager
  • Gold Trading Signals up to 2 weeks (worth $199)
  • Additional bonuses on every deposit
  • Weekly One-on-One session with a trading expert
  • Auto Trading Robot

Platinum Account:

  • For professional traders with high trading volume.
  • Welcome bonus is 100%.
  • Starting deposit is $10001-$50000
  • Exclusive Daily Market Review Email
  • Advanced Guide to Trading
  • 20 Risk-Free Trades
  • Up to 100% Investment Bonus
  • Personal Account Manager
  • Platinum Trading Signals up to 2 months (worth $599)
  • Additional bonuses on every deposit
  • Daily One-on-One session with a trading expert
  • Advanced Auto Trading Robot

VIP Account:

  • For traders with specific trading needs. They can negotiate benefits with the account manager.
  • Starting deposit has to be above $50000

Customer Service

EMAIL
LIVE SUPPORT TRAINING
Customer Support Languages: English, Russian
Customer Service Hours: First Binary Option Service offers 24-hour customer support.
Place Trades Over the Phone?: No
EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, French, Arabic
Customer Service Hours: BigOption offers a full 24h/7 customer support
Place Trades Over the Phone?: No

Comission

No
No

Place Trades Over Phone

No
No

Deposit Options

Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill Credit Card, Debit Card, Bank Wire Transfer, Neteller

Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
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Both BigOption and First Binary Option Service were evaluated by a team of reliable B2B experts who carried out a detailed analysis of all important elements of each product. Their ultimate score was prepared by means of unique SmartScore system that provides a separate partial score to every factor like: main features, customer support, mobile device support, security, client satisfaction as well as reviews in other media. Here at FinancesOnline we know useful features are not the only aspect essential to a business so we make sure we pay attention to all facets of a software prior to coming up with its final rating.