The binary trading market has seen a lot of new scams getting unfolded every single day and the Big Option Scam is one such one that needs to get proper exposure and attention. Being one of the most serious scams in the current case scenario, First Option Recovery decided to make you aware of the Big Option scam that has been prevailing in the binary options market so that you do not lose your hard-earned money by investing into some scam broker. The trading mechanisms that Big Option followed along with the flawed customer service and lack of support convinced us to write about the Big Option scam as soon as possible.
If you don’t know who First Option Recovery is then, you definitely should. We are the numero uno choice when it comes to fund recoveries around the globe. So far we have recovered more than $19 million for 2400+ clients working for over 3100+ cases including major scams like IQ Option Scam and Binary Book Scam. We have a success rate of over 90% and the team of experts associated with our firm will make sure that you will be provided with the best services from our end no matter what happens. Your funds will reach back to your bank account (we meant refunded) within a stipulated time frame as stated by our expert team of recovery experts and with our motto being that we need to provide world-class advice and the best available options in recovering your funds, we are definitely there to help you whenever and wherever possible.
How the Big Option scam came into being?
Extremely high returns
‘Invest this much amount of money and get a return of over 100%, that too in a few weeks’. Are you serious? First Option Recovery found out that the majority of the customers who believed in such claims of Big Option were duped of their money and lost whatever they had instead of getting any kinds of return. The Big Option scam was exposed owing to this very factor.
Do note that binary options have better returns than traditional stock trading and forex trading but definitely not that much that you can buy your dream car within a few weeks.
Fake crypto exchange algorithm
The algorithm that Big Option followed was a rigged one. The algorithm had weird highs and lows and sometimes when the market was bullish, it showed a bearish trend and vice versa. So fake was the algorithm that a lot of them lost thousands of dollars in quick succession.
Big Option Scam was also exposed due to the difficult withdrawal procedure. Whenever someone wanted to withdraw a small amount, they would make excuses that since the customer has made a profit, he should deposit more and earn more. When the proposal was blatantly rejected, they made even more excuses like tax issues and government rebates. Finally, after hundreds of to-and-forth emails, some of them got their money back but most didn’t. Big Option, thus ended up being exposed.
No demo trading account available
The lack of demo trading was another nuisance where traders could not familiarize themselves into using the tricks and tools of the trade in the modern trading scenario. They can do so only with real money and many traders lost a lot of money in the process. Definitely, something to look forward in the Big Option Scam.
What to do if you have lost your funds in the Big Option Scam?
If you have lost your funds to the Big Option Scam, you need not panic and instead directly contact us at First Option Recovery. Our customer service team will forward your request to our legal experts who will then work on the matter and create the best recovery solution for you and then forward it to you. One of our consultants will then call you and describe to you the process that needs to be followed. You will be asked to sign a confidentiality agreement so that the entire recovery process can happen in an easy manner. After that, the funds would be recovered back to you within a short time frame. Contact us if you have been a victim of the Big Option Scam or any other binary options scams in general and we will get back to you as soon as possible.