BIGMO's Website Is Temporarily Unavailable For Unknown Reasons. Therefore We Can Only Gather Some Relevant Information For Reference Only.

What Is BIGMO?

BIGMO Is A Relatively New Broker, Established Last Year, Registered In India And Currently Unregulated. The Broker Offers Trading On A Range Of Instruments With Over 150 Market Instruments In Its Portfolio. This Includes Forex, CFDs And Commodities. The Broker Offers Three Different Account Types: Gold, Diamond And Platinum, Which May Be Suitable For Traders Of Different Levels. They Advertise Low Spreads, High Leverage Up To 1:400. Facilitate Trading Through The MT5 Platform. It Offers 24/5 Customer Support And Can Be Easily Contacted By Email Support @BIGMOFX.com.

Pros And Cons

Pros:

Clear Interface: BIGMO Provides A User-friendly Platform With A Clear Interface For All Trading Activities. This Can Simplify The Trading Procedure Even For Beginners.

Market Analysis: Usability Of Market Analysis BIGMO Official Website Can Help Traders Make Informed Decisions. These Analyses Can Help Traders Understand Market Trends And Potential Trading Opportunities.

Various Market Instruments: BIGMO Offers A Large Number Of Market Trading Instruments. With More Than 150 Market Instruments Available On The Platform, There Are Ample Diversification Opportunities For Traders.

Cons:

Unregulated: BIGMO Is Currently Unregulated. This Lack Of Regulation Raises Red Flags Because Of Latent Risks When Dealing With Unregulated Brokers.

Incomplete Website: Some Sub-pages On The Website BIGMO Official Website Cannot Be Accessed. This May Limit Traders' Access To Useful Information, Thus Affecting Their Trading Activities.

NEW COMPANY: As BIGMO Although The Company Was Founded Within The Past Year, Its Relatively New Presence In The Market May Make Some Traders Wary Due To Its Lack Of Established Track Record.

Leverage

Gold Accounts Offer Leverage Of 1:100, Diamond Accounts Offer Leverage Of 1:200, And Platinum Accounts Offer Leverage Of Up To 1:400. Leveraged Trading Involves Significant Risk And Should Be Treated With Caution. If Your Trade Is Successful, It Can Amplify Your Profits, But It May Also Amplify Your Losses If The Market Moves Against You.

Spreads And Commissions

Different Account Types Offered By Brokers And Their Associated Spread And Commission Fees. Gold Accounts Offer Spreads Starting From 1.8 Pips And Do Not Charge Any Commission. Diamond Accounts Improve On This With Spreads Starting From 1.4 Pips And There Are No Commissions. However, Platinum Accounts Offer Spreads At The Original Rate, Which Usually Means Interbank Rates Or Spreads Close To Zero, But Do Charge Commissions.

Trading Platform

MT5 Is Available For:

Web Traders: The Browser-based Version Can Be Accessed Directly From Any Internet Browser. This Version Does Not Require Any Software To Be Installed And Allows You To Trade From Any Device With Internet Access.

Windows: BIGMO Also Offers A Desktop Application For Windows. This Version Typically Has A Larger Feature Set Than Webtrader, Including The Ability To Use Custom Indicators And Automated Trading Systems.

Android: The Android App Offers Traders Significant Mobility. Users Can Trade Anytime, Anywhere, Via An Android Phone Or Tablet, Analyze The Market, And Use Other Trader End Point Features.

IOS: Similar To The Android App, The IOS App Allows Users To Trade Via IPhone Or IPad. It Satisfies All Trading Functions, Giving Traders Real-time Access To Financial Marekt While On The Move.

Deposit And Withdrawal

The Maximum Deposit Amount For BIGMO Is, Unlimited, While, The Minimum Deposit Amount, The Amount That Can Be Made Is $500. The Time Required To Process Deposits Is 2 To 5 Business Days. Deposits And Withdrawals Are Traded Without Any Fees.

When It Comes To Withdrawing Funds From Forex Accounts, BIGMO Has Specific Rules And Guidelines. Withdrawal Requests Have Been Processed, Monday To Friday From 10:00 To 19:00 Server Time (GMT + 4). Withdrawals Are Not Processed On Weekends And Holidays. Any Requests Sent After 19:00 (GMT + 4) Within One Day Will Be Processed On The Next Business Day.

Only Account Holders Can Request Withdrawals. Transfer Of Funds To Third-party Accounts Is Strictly Prohibited. It Is Also Worth Noting That BIGMO Has The Right To Confirm The Identity Of The Payee.

One Can Withdraw Part Of The Funds Without Position Squaring. However, The Amount Withdrawn Cannot Exceed The Available Margin. Finally, BIGMO Is Not Responsible For Losses Caused By Insufficient Funds In The Foreign Exchange Account. The Client Should Monitor And Manage The Margin Requirements For Unposition Squaring Positions To Minimize Risk.