BigOption Withdrawal Review

BigOption Withdrawal Review

BigOption Withdrawal Review

BigOption is a brokerage firm that has known how to pave its path through the highly competitive binary options market.  The broker, one among the leaders in the world of options trading, is very well known for its distinct accreditations.  The brokerage firm has won the ‘Most Accurate trading signals provider 2015’ and the ‘Most reliable broker/Best Binary Options Broker’ award.

Reviews, nevertheless, do not necessarily depict the same image of the firm.  Most of the time, the broker is alleged of being a scam and complaints pointing towards a deficiency in withdrawals or towards delayed withdrawals, swarm the net.  Withdrawal is one of the most frequent and common problems traders face and that applies for not only few brokers but quite a lot of them.  The same goes for BigOption as one can find a lot of complaints on withdrawals with the broker.  This BigOption withdrawal review aims at pointing out the methods and conditions of withdrawals at BigOption.

BigOption Withdrawal Review | Channels And Conditions

Withdrawals at BigOption can be executed through bank wire transfer, E-wallet and credit cards.  To be able to withdraw funds,traders have be fully compliant with all the required criteria.  There are notably a set of conditions applicable for withdrawals at BigOption.  Only upon validating these conditions, one can be eligible for a withdrawal.

A transaction fee is chargeable for withdrawals and the amount varies upon the channel of withdrawal a trader opts for.  A 50.000 USD/GBP/EUR is chargeable for wire transfers, a 25.00 USD/GBP/EUR is chargeable for epayments while a 25.00 USD/GBP/EUR along with a $10.00 USD is chargeable for withdrawals using credit cards.

The thing to retain here is that a 10% levy of the account balance is charged for any withdrawal given the account did not execute more than 200 USD/GBP/EUR in turnover to cover processing and account costs.  

BigOption Withdrawal Page

BigOption Withdrawal Page

BigOption Withdrawal Review | Processing time and Ammounts

From the time a client requests for a withdrawal, it takes BigOption at least three business days to process the request.  Upon approval, it takes around 5 to 7 days for funds to show in your account and it won’t take more than 21 business days for funds to be visible in in your account. 

Withdrawals can be effectuated as from a minimum amount which differs in relation with the processing channel.  Through Bank Wire Transfer, a minimal withdrawal amount of 250 USD/GBP/EUR is mandatory while through credit card, a minimum of 100 USD/GBP/EUR can be withdrawn. 

BigOption Trading Platform

BigOption Trading Platform

BigOption Withdrawal Review | Complaints

People often complain that withdrawals take too long or cannot be processed at BigOption.  These problems often crop up in cases where all conditions have not been complied with and when someone is in breach with the mandatory criterion or terms and conditions applicable to bonuses for example. 

BigOption Withdrawal Review | Conclusion

Withdrawals at BigOption, obviously go through a well defined series of steps through which traders have to imperatively go through.  The BigOption withdrawal experience might have been a bad one for many but our conclusion remains that it is reliable until one complies with all the terms and conditions. 

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Author's overall rating:
Author: Ben Prescott
Updated:

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