Sigma Option Review

sigmaoptionWhile 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.

Basic information:

Online since: 2015
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

Pros:

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

Cons:

– No demo account

7 Binary Options Rating:

4,5 stars

Start trading

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

Start trading

References and Further Reading:

  1. Women Traders in Cross-cultural Perspective: Mediating Identities, Marketing Wares (Linda J. Seligmann-2001)
  2. Balinese Y-Chromosome Perspective on the Peopling of Indonesia: Genetic Contributions from Pre-Neolithic Hunter-Gatherers, Austronesian Farmers, and Indian Traders (Tatiana M. Karafet, J. S. Lansing, Alan J. Redd, Joseph C. Watkins, S. P. K. Surata, W. A. Arthawiguna, Laura Mayer, Michael Bamshad, Lynn B. Jorde, Michael F. Hammer-2005)
  3. A Psychological Perspective on Economics (Kahneman, Daniel-2003)
  4. Technological transitions as evolutionary reconfiguration processes: a multi-level perspective and a case-study  (Frank W. Geels-2002)
  5. Chapter 13 Financial decision-making in markets and firms: A behavioral perspective  (Werner F.M. De BondtRichard H. Thaler-1995)
  6. The archaeology of African‐European interaction: Investigating the social roles of trade, traders, and the use of space in the seventeenth‐ and eighteenth‐century Hueda Kingdom, Republic of Bénin (Kenneth G. Kelly-2010)
  7. The World Economy Volume 1: A Millennial Perspective Volume 2: Historical (Angus Maddison-2007)
  8. Price fluctuations from the order book perspective—empirical facts and a simple model  (Sergei Maslov, Mark Mills-2001)
  9. Circuit Breakers and Market Volatility: A Theoretical Perspective (AVANIDHAR SUBRAHMANYAM-1994)
  10. Intervention strategies and exchange rate volatility: a noise trading perspective  (JUANN H HUNG-1997)
  11. Currency traders and exchange rate dynamics: a survey of the US market  (Yin-Wong Cheung, Menzie David Chinn-2001)
  12. The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective (Andrew W. Lo-2004)
  13. Life Insurance Liabilities at Market Value: An Analysis of Insolvency Risk, Bonus Policy, and Regulatory Intervention Rules in a Barrier Option Framework (Anders Grosen, Peter Løchte Jørgensen-2002)
  14. Fair valuation of life insurance liabilities: The impact of interest rate guarantees, surrender options, and bonus policies  (Anders Grosen , Peter Løchte Jørgensen-2000)
  15. An Economic Theory of Self-Control (Richard H. Thaler and H. M. Shefrin-1981)
  16. Repeated insurance relationships in a costly state verification model: With an application to deposit insurance  (Bruce D. Smitha, , Cheng Wang-1998)
  17. A DEPOSIT CONTRACT METHOD TO DELIVER ABSTINENCE REINFORCEMENT FOR CIGARETTE SMOKING (Jesse Dallery, Steven Meredith, Irene M. Glenn-2008)
  18. Wagering game with virtual reward  (Daniel Bergeron, Thomas Napolitano-2007)
  19. International comparison of interest rate guarantees in life insurance (Cummins, J. David ; Miltersen, Kristian R. ; Persson, Svein-Arne-2004)
  20. An Overview of the Geology of the Upper Devonian Grosmont Carbonate Bitumen Deposit, Northern Alberta, Canada Authors (B. E. BuschkuehleEmail authorFrances J. HeinMatthias Grobe-2007)
7 Binary Options review: Sigma Option: 4,5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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