Editor’s Verdict
Overview
Review
Headquarters | United Kingdom |
|---|---|
Regulators | CySEC |
Year Established | 2015 |
Execution Type(s) | Binary Options |
Minimum Deposit | $250 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
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
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |      |
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.
Mobile trading is not offered.
Trading Platform
Automated Trading | |
|---|---|
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
