BigFafa is one of the recent brokers in binary options industry. In this BigFafa broker review, we’ll take a closer look of their trading platform and available features if they could be used in the trading process to benefit from binary options.
With minimum deposit of $100, BigFafa falls in the category of just couple of brokers who offer lower deposit amounts than average in binary industry.
To learn more about trading tools on this platform, read further BigFafa broker review.
For BigFafa broker review, we discovered how they offer low deposit amount of $100 unlike majority of other binary brokers. It seems how there is one trading account available for all interested traders.
On their platform, BigFafa broker offers plenty of available trade options, such as 60 Seconds, Binary, Ladder options, long term, One Touch, Builder options, Pairs and Limits as the latest added trade options. Available times of expiry with this broker: 60 s, 90 s, 120 s, 180 s and 300 s.
With returns going max up to 87%, this broker seems as a good choice to try and trade binary options with. Lowest investment is $25 for majority of trade options, whereas in the case of 60 Seconds trading, amount is only $10 to initiate a trade.
There are plenty of useful education help which traders can use to have better performance and have profitable traders. For example, they can benefit from economic calendar, different videos and calculator. Also, chart analysis is also available and important element since it enables traders to identify current market trends in binary industry. By choosing market summaries, traders can get better insight of various assets and their behaviour on the market prior a trade is done.
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While reviewing this broker, it was easy to navigate over the site and its platform. According to info we got from BigFafa representative, they operate on proprietary software. With goal to provide advanced technologies and ensure traders an excellent binary trading experience, they are connected with a Reuters. This way, live data are received continuously and their T&C indicate the main difference between an option price and real time market price.
With BigFafa broker, it is possible to trade with USD, EUR and CAD. Also, on their site we came across info how this broker is regulated by the Estonian Financial Services Authority (licence no 14013746).
FAQ tab was helpful in a way we were able to find needed information regarding how to open an account, is there support available, which features and tools can be used and learn more details about banking procedure.
On BigFafa platform, time is set to GMT +0 which is synchronized with a market time. Also, during the trading process, traders can see two colors, a green one indicates that asset price will rise, while red button shows falling of the price. Maximum investment amount depends on a chosen trade option. For example, in the case of binary, long term and pair options, it is $1500, for Ladder and 60 Seconds amount goes up to $2500 and for One Touch options, max investment is $5000 per position.
During our BigFafa review, we discovered they offer two very popular features, often seen in binary trading industry. One of them is Rollover feature, especially useful when traders are approaching its expiry time and want to postpone it. By activating Rollover, they can delay time of expiry, however it is possible to apply only once per trade and not available for the last daily trade.
The second feature is called Double Up and it consists of plenty benefits. Traders are able to repeat a trade and create a new trade but under the same trading conditions as the initial one. With Double Up, it is possible to increase the investment i potentially make a double profit in case of a strong position.
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There are different ways how can traders worldwide get in touch with this broker. It can be done via live chat, email [email protected], phone or contact web form. Available phone numbers are for following countries: UK, Germany, Austria, Switzerland, Australia and New Zealand.
We have tried out live chat option and got mixed info. Agent joined shortly however, we weren’t properly informed regarding various questions we asked. We hope their support agents will be more informed so that traders’ satisfaction with customer support could be much better. We did not receive any complaints about Bigfafa scam but we can’t recommend trading with this broker.
For contact form, traders need to fill out several fields, including first and last name, email address, phone number, subject and message.
This platform is multilingual and available on English, Spanish and German.
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Big Fafa is owned by Worldwide Trading Solution Ltd. According to provided info on BigFafa platform, traders can deposit via debit/credit cards, e-wallets and bank wire transfers. All clients’ funds are kept on segregated accounts for higher level of security and protection of traders’ data.
Before making any payments, traders are required to authenticate their account by providing several documents, such as proof of identity, copy of proof of residence (no longer than 6 months), copy of credit card front and back (first and last 4 digits visible) and declaration of deposit form. These documents need to be sent to [email protected].
As mentioned above, minimum deposit is $100 and to start trading binary options, traders first have to log in to the platform and click on Deposit button. For deposits via bank wire, it can take up to 5 days until funds are ready to be used.
Accepted debit and credit cards are: Mastercard, Visa Delta, Visa Electron, Diners Club, Maestro, Maestro UK and Solo. They claim to offer over 20 different e-wallet, such as Skrill, Neteller, China Union Pay etc. It is recommended to contact Account Manager who can provide traders more information about other available e-wallet payment options.
In terms of withdrawals, process should go smooth just as for depositing. As discovered in BigFafa broker review, there is no minimum withdrawal. For withdrawals, traders can choose between same payment methods as for depositing.
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