Sigma Option Broker Scam Review

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Sigmaoption (Broker Closed)

Overview

Sigma Option broker offers four types of accounts for their clients. The Minimum deposit with this broker is $250. The company provides bonuses up to 100% and returns up to 91%. This broker uses SpotOption platform, this platform can be also used on Androind. There are over 200 assets to choose: indices, currencies, stocks, commodities and more. Traders can also use Roll Over and DoubleUp features that can increase their possibilities for making profit. The customer service is available in English, German, Spanish, Danish, Italian and Swedish. There is also live chat available, but only for registered users.

Rating chart

Detailed Information

Sigmaoption Reviews

Francisco from Saint Helena

Requests, hang up of the terminal, delay with payment .. Analitics are not the best freshness and in general, the rest is only a negative feeling after working on it I do not advise anyone!

Damir from Turkmenistan

If suddenly someone gets a dubious luck to cooperate and work here. There is every reason to assume that these are scammers. People who dont have a very deep understanding of financial affairs have every chance of losing their money. It all starts with advertising, then call back their manager and the promises of the golden mountains. You will be offered to try and you will be called by the analyst and tell you what transaction to make. The minimum amount to open an account in the area of ​​250 $. u will be assured that even if u dont understand the financial market, u will learn and u will be taught. But this is deception. Time passes, u have the first successes, on account of $ 300 and u will be persistently persuaded to refill the balance to $ 1000, that the amount of $ 300 is too small, it isnt possible to trade, etc. U will be persistently persuaded to take a loan, borrow money from relatives, friends, neighbors, because u want to earn. Repeated refusals to replenish the account will not help. “Analyst” will call u every day and try to breed u for money. When i said that i want to withdraw my $ 250 and close the account, the answer was “i dont make a withdrawal” and the question of who is doing and whom to contact said he does not know. Its been two weeks since I submitted an application for withdrawal. Money never returned. If u dont have extra money, never contact, for there arent guarantees that your account willnt be merge.

7 Binary Options

UPDATE (12.08.2020):

Sigma Option has shut down their operations.

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Old Review:

While reviewing Sigma Option, we found out that this particular broker mainly offers four types of accounts for perspective traders with minimum deposit amount i.e. $250, which is relatively the average in the industry.

Sigma Option website is user friendly by being available in English and partly translated to Italian, German, Arabic and Swedish. This can assist traders with navigation even if English isn’t their primary language, as this is often the case. More great news is that trading platform is completely translated to languages mentioned which increases the pleasantries of trading altogether, and makes it simpler for non-English speakers.

While reviewing sigma Option, we found out that customer support can be accessed via email, the online form on the website or by telephone numbers listed for Canada, UK, Austria, Australia, Switzerland, Sweden, Norway, Netherlands, Cyprus and Italy. The customer service support is available in English, Swedish, German, Italian, Danish and Spanish.

Live chat is also available, but this feature is only for registered users. Once the registration process is complete, and the user logs in, the live chat feature will appear on the screen. The website offers an education section that provides a few videos and articles that can assist traders with improving their techniques in trading.

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Basic information:

Online since: 2020
Jurisdiction: UK
Software: SpotOptions
Max Returns: 91%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $20
Maximum Investment: $3000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations excl. USA

– SpotOption Software
– Provide Islamic accounts
– Offers Mobile Trading
– Bonus Available
– Offers Live chat for assistance

– No demo account

7 Binary Options Rating:

While reviewing Sigma Option, we found out that this particular broker mainly offers four types of accounts for perspective traders with minimum deposit amount i.e. $250, which is relatively the average in the industry.

The four account options are:

Sigma Option Standard Account

  • Minimum deposit ranges from $250 to $999
  • Education Materials
  • Account Manager
  • 30% Bonus

Sigma Option Silver Account

  • Standard account gets all benefits
  • Minimum deposit amount set at $1000
  • 50% bonus

Sigma Option Gold Account

  • Senior account manager
  • Minimum deposit amount set at $5000
  • Daily binary options signals
  • Advanced educational package
  • Returns of up to 87%
  • Bonus of 70%
  • Automated trading

Sigma Option Premium Account

  • Same Benefits as Gold Account
  • Begins with $15000 deposit
  • Returns up to 91%
  • 3 Signals Daily
  • 100% Bonus

While reviewing Sigma Option, we found that this broker offers an array of benefits for its customers, including a comparatively high initial deposit bonus. Additionally, this broker also offers Islamic accounts, a feature that is rare among the well renowned binary options brokers like Banc de Binary, IQ option, Porter Finance, Binary Option Robot and 24option. While accepting the initial deposit bonus from this broker, it is important for traders to read and understand the bonus withdrawal terms and conditions that must be met. For instance, prior to withdrawing your bonus from a Sigma Option trading account, it is mandatory for traders on this platform to achieve a turnover of 30X.

For this reason, the bonuses on offer by Sigma Option are optional. As such, traders may decide to accept the initial deposit bonus or not. This mainly depends on the trading style and skills of individual traders on this platform. Just like many other binary options brokers in the market, Sigma Option requires its customers to first verify their accounts before they are allowed to withdraw from their trading accounts. This is done by submitting the relevant verification details to the broker. Again, if the broker suspects any manipulation or fraud on your account, it reserves the right to block the accounts and suspend withdrawals from the account.

Trading Software Used by Sigma Option

Our review of Sigma Option broker revealed that this broker utilizes SpotOption platform, which is among the most advanced platforms on the market. The entire website appears pleasing to the eyes, as the color combo isn’t too distracting or intrusive. In addition to the SpotOption software, the broker also supports mobile trading, through its iOS and Android binary options trading Applications. These mobile Apps are a wise move by the company, bearing in mind that an increasing number of traders in binary options would like to trade while on the go.

Sigma Option offers various trading options, including the Pair, High-Low, Long term, 60-Seconds, Ladder, Forex and One touch Options. There are more than 200 assets available to select from (commodities, indices, stocks, currencies), but remember that all of these have allotted time frame when they are available for trade. In order to avoid disappointment, be certain to pay attention to the details in the section dedicated to the assets. Traders can also use DoubleUp and Roll Over features that could possibly improve their chances for earning a profit.

Sigma Option website is user friendly by being available in English and partly translated to Italian, German, Arabic and Swedish. This can assist traders with navigation even if English isn’t their primary language, as this is often the case. More great news is that trading platform is completely translated to languages mentioned which increases the pleasantries of trading altogether, and makes it simpler for non-English speakers.

While reviewing sigma Option, we found out that customer support can be accessed via email, the online form on the website or by telephone numbers listed for Canada, UK, Austria, Australia, Switzerland, Sweden, Norway, Netherlands, Cyprus and Italy. The customer service support is available in English, Swedish, German, Italian, Danish and Spanish.

Live chat is also available, but this feature is only for registered users. Once the registration process is complete, and the user logs in, the live chat feature will appear on the screen.

The website offers an education section that provides a few videos and articles that can assist traders with improving their techniques in trading.

Banking and Company Information

We discovered that Sigma Option is owned by a prominent holdings LTD. During the review, we read the FAQ page and noted that it clearly states that there is no minimum withdrawal, and traders have the ability to request any amount available on their account; however this relies completely on the method that is used. For instance, when using Credit cards, the minimum amount you can withdraw is $5, if you are using the bank wire withdrawal method, the least you can withdraw is $ 100.

If it is the first time you are withdrawing from your Sigma Option trading account, it is a requirement by the company that you use the same method that you used to deposit the money to withdraw your earnings. The company offers a free withdrawal once every month for the traders on its platform. Subsequent withdrawals in a month will attract a withdrawal fee of $30 while using the bank wire withdrawal method. Regardless of the withdrawal method you have used, all withdrawals on this platform are processed within 3 days and takes a few more days for the money to show up in your account.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, German, Italian, Swedish, Arabic
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options
Early close: Yes
Expiry Times: 60 sec, 15 min, 30 min, 24 hr+
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Diners Club, Visa Electron
Withdrawal Time: 1 – 3 day
Demo account: No

SigmaOption Review

Review

SigmaOption is a binary options trading platform that can be used for private and institutional investors worldwide. The broker offers you a diversified trading experience with popular financial assets including currencies, indices, commodities and stocks.

SigmaOption has two main offices—one in the Marshall Islands and the other in London, UK. BR holdings LTD operates the website out of the London office.

Accounts

SigmaOption offers four different trading accounts.

The Standard account is geared towards new options traders. It can be started with a minimum deposit of $250 and there is a 30% bonus attached. The Silver account requires at least $1000 and a 50% bonus is awarded for all funds. Both of these accounts have an account manager on call and benefit from some educational material. Silver account holders are entitled to an e-book.

SigmaOption Account Types

$5,000 is needed to open the Gold account which comes with daily trading signals, a senior account manager, a 70% bonus and returns of as high as 87%. Anyone with $15,000 can open the Premium account and receive returns up to 91%, a 100% bonus on the initial deposit, three signals a day and daily webinars.

There are no commissions for signing up or funding an account and registration is easy to do. If a trade expires in the money, a trader can enjoy up to 91% commission-free payout.

By its very nature, all SigmaOption accounts are swap free, and therefore can be used in accordance with Islamic law.

Features

Through their partnership with feeds provider, Reuters, SigmaOption receives live and accurate data streams. There are expiry graphs for any given moment and client’s funds are held in a segregated account.

A detailed list of all the available assets, their description, expiry times, symbol and trading hours is presented in the Asset Index page whose link can be found at the bottom of the homepage.

SigmaOption provides a revolutionary device, the Strategy Advisor, that makes a prediction based on the real market trends of a specific asset. This allows clients to carryout trades with the fullest confidence we can offer. It offers an in-depth explanation on how this feature works and how to use when trading.

Sigma Affiliates is a leading binary options affiliate program with the high conversions and payouts. Sigma Affiliates converts and optimizes any type of traffic sent in by an affiliate and analyzes the affiliate’s traffic in order to achieve the highest conversions possible and increase their earnings. Sigma Affiliates offers a most competitive commission plan for their affiliates.

Education

Through their ‘Binary University’ SigmaOption provides traders with a host of instructional material. There are articles with information that help new traders with the basics of binary option trading as well as more advanced topics for traders with some experience under their belt.

A selection of nine video lessons is available to anyone opening the website and is not restricted to account holders only. They cover the gambit of binary options basics to more advanced topics such as ‘”The Difference Between Binary Options and Casinos.’

SigmaOption Educational Videos

The economic calendar for fundamental analysis of the market is up-to-date and informative and technical analysis is provided on real-time charts.

Real Time Technical Charts

Up-to-the-minute news reports can be seen as they scroll down in the right hand bottom corner of the trading page.

The glossary is adequate but the FAQ section is somewhat limited. The website is available in English, Arabic, German, Italian and Swedish.

Bonuses/Promotions

The broker offers a number of attractive reward features and promotions from time to time, including bonuses up to 100% on the first deposit. When doing this review, the only bonus was the welcome bonuses which were different for each of the four accounts available. In order to withdraw funds from an account that has been credited with a trading bonus, the trader is required to execute a minimum trading volume of thirty times the bonus amount received (Bonus Amount x 30).

A Refer-a-Friend promotion is also mentioned but there were few details about this offering.

Deposits/Withdrawals

Deposits and withdrawals into an account can be made via credit card or Bank wire transfer. For credit card transactions, the minimum deposit amount is $250; the maximum deposit amount per single transaction is $5,000.

For wire transfers, the minimum deposit amount is $250 and the maximum deposit amount per single transaction is Unlimited.

Withdrawals are initiated by filling out an online form. There is no minimum withdrawal amount.

The maximum investment amount varies with respect to binary option type. With Binary, Long term and Pairs, the maximum investment amount is $ 1,500; for 60 Seconds and Ladder, the investment amount can reach $250 and the One Touch Option allows an investment of up to $500 per position.

Customer Support

SigmaOption is always available to assist traders with all their questions or problems and there are many ways to reach a support representative. An email can be sent directly to a trader’s Account Manager, or they can use the on-line ‘Live Chat’ service which connects to their various offices which can also be reached by using the local numbers provided on the site. The locations include close to ten different countries including Australia and Canada.

Conclusion

SigmaOption is a fairly new entry into the binary options arena and it offers many features that are attractive to both new and experienced binary option traders. The options offered are standard in the industry and the use of its own proprietary platform is also popular among binary option brokers.

Features

The choice of several trading platforms is one of the best features at SigmaOption. I was also impressed with the educational material which includes, among other things, some webinars, textual articles, an economic calendar and a daily news report. The trading platform is a standard one and provides a nice selection of different binary options . Trading can be done quickly and without hassle right from the SigmaOption website. I found no mention of mobile trading.

Platforms

Proprietary Platform

The SigmaOption platform provides access to several types of binary options and they are all displayed with a click on the landing page which makes trading quick and easy. SigmaOption is a web-based trading platform, and traders can login to their account and trade on any device that has an internet connection.

SigmaOption Trading Platform

The choices of options include Binaries, Pairs (including Gold and Silver) Sixty Seconds, Long Term, Ladder and Forex. Rollover and Double Up options are also available.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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