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Compare BigOption vs. Magnum Options

Getting the most appropriate binary option trading srevice for your organization is hard with various features, choices, and offers to consider. However, relying on our review platform will allow you to streamline the necessary steps by reading all major services in one place. For instance, you can compare Magnum Options and BigOption for their features and overall scores, namely, 8.0 and 8.0, respectively. Furthermore, you can see which service has superior general user satisfaction rating: 96% (Magnum Options) and 89% (BigOption) to learn which one is better. Don’t just pick the service with the lowest minimum deposit, but the platform that has the most cost-effective value.

Compare

BigOption

VS

Magnum Options

VS

Our Score

Our Score

8.0 ?

Our Score

8.0 ?

Customer Experience

Customer Experience

89% ?

Customer Experience

96% ?

Minimum Deposit

$250

$200

Accepts US Clients

Yes
Yes
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Detailed Review

Description

BigOption makes use of the the most up-to-date version of the SpotOption powered trading platform. This second generation platform is simple to use and offers robust trading features such as the “Profollow” mode which allows traders to set their trading parameters to emulate the strategies of winning traders. This useful feature is supported only by the SpotOption powered trading platform.

BigOption also offers support for mobile trading. Traders can download the mobile app from Apple AppStore or Google Play. Another feature of BigOption is the Auto Trading robot which uses the Faunus Analytics tech and helps traders save time while trading.

Magnum Options has adopted the SpotOption trading platform, deemed as one of the most popular trading platforms in the market because of its ease of use and flexibility. It is so easy that even novice traders won’t find themselves having difficulties navigating and performing trade tools and processes with SpotOption.

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

Phone

+44-203-5193481 1-855-217-4642

Email

support@bigoption.com support@magnumoptions.com

Platform

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
Platform type: SpotOption
Platform Languages: Italian
OS Compatibility: iOS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Withdrawal Options:

Credit Card, Bank Wire Transfer, Neteller Credit Card, Debit Card

Trade Types

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.

Magnum Option offers the following trade types:

  • Classic Binary Options
  • One Touch Options
  • Option Builder
  • 60 Second Options
  • Option Pro
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Located In

United Kingdom British Anguilla

Payouts Percentage

500%

85%

Trading Accounts

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

Magnum Options offers the folllowing trading accounts:

  • Standard Account
  • Premium Account
  • Executive Account
  • Magnum Elite

Payout ratios

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%.

75%

Comission

No
No

Customer Service

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
EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, Italian
Customer Service Hours:
Place Trades Over the Phone?: No

Place Trades Over Phone

No
No

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

Deposit Options

Credit Card, Debit Card, Bank Wire Transfer, Neteller Credit Card, Debit Card, Bank Wire Transfer, CashU
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Both Magnum Options and BigOption were reviewed by a team of independent B2B experts who prepared a detailed analysis of all key elements of each software. Their total rating was calculated with unique SmartScore system which provides a separate partial score to every component such as: main functionalities, customer support, mobile support, security, client satisfaction as well as reviews in other media. We are aware that useful features are not the only factor important to a company so we make sure we pay attention to all sides of a product before giving it a final rating.