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BIGMO

India|1-2 years|
MT5 Full License|Regional Brokers|High potential risk|

https://bigmofx.net/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
BigMoCapital-Server MT5
Server Location United Kingdom

Contact

+91 2614401636
support@bigmofx.com
https://bigmofx.net/
SYNO-63/3B, Chinagadili, Gopalapatanam District, Vishakhapatanam:- 530027, India

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+91 2614401636

Other ways of contact

Broker Information

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Company Name

BIG MO Capital

Abbreviation

BIGMO

Platform registered country and region

India

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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BIGMO · Company Summary

BIGMO Review Summary
Founded Within 1 Year
Registered Country/Region Mauritius
Regulation Non-regulated
Market Instruments 150+
Account Types GOLD, DIAMOND, PLATINUM
Maximum Leverage 1:400
Spread From 1.8 pips (Gold Account)
Trading Platforms MT5
Minimum Deposit $1,000
Customer Support 24/5 Multilingual - Live Chat, via Email: support@bigmofx.com

What Is BIGMO?

BIGMO is a relatively new broker, having been founded within the past year, and is registered in Mauritius, currently not regulated. The broker offers trading in a range of instruments, claiming over 150 market instruments within its portfolio. This includes Forex, CFDs, and commodities. The broker offers three different account types: GOLD, DIAMOND, and PLATINUM, likely catering to different levels of traders. They advertise low spreads, high leverage up to 1:400. Trading is facilitated through the MT5 platform. It provides 24/5 customer support, easily reachable via email at support@bigmofx.com.

BIGMO's home page

Pros & Cons

Pros Cons
  • Clear Interface
  • Non-regulated
  • Market Analysis Available on the Official Website
  • Some Subpages on the Official Website Unavailable
  • Various Market Instruments Available
  • New Company

Pros:

  • Clear Interface: BIGMO offers a user-friendly platform that provides a clear interface for all trading activities. This can simplify trading procedures even for beginners.

  • Market Analysis: The availability of market analysis on BIGMO's official website can help traders make informed decisions. These analyses can provide traders with an understanding of the market trends and potential trading opportunities.

  • Variety of Market Instruments: BIGMO offers a plethora of market instruments for trading. With over 150 market instruments available on the platform, traders have ample opportunities for diversification.

Cons:

  • Non-regulated: BIGMO is currently non-regulated. This lack of oversight raises a red flag as there are potential risks involved when dealing with non-regulated brokers.

  • Incomplete Website: Some subpages on BIGMO's official website are not accessible. This can limit traders' access to helpful information and thus, affect their trading activities.

  • New Company: As BIGMO was founded within the past year, its relative newness in the market may make some traders wary due to the lack of an established track record.

Is BIGMO safe or scam?

BIGMO, being a recently established entity registered in Mauritius, currently does not hold any regulation from known financial regulatory authorities. This is a significant point to consider when evaluating its security level. Whilst regulation is not the only parameter for measuring a broker's trustworthiness, it does provide a clear accountability structure and recourse in the instance of unfair practices.

No license

Whilst BIGMO does offer potentially attractive features, such as a wide range of market instruments and a user-friendly interface, the lack of regulatory oversight and mixed user reviews are of concern. Traders considering BIGMO as their broker should thus conduct thorough due diligence, factoring in these considerations before proceeding with any trading activities.

Account Types

Account Type Minimum Deposit
GOLD $1,000
DIAMOND $15,000
PLATINUM $50,000
Account Types

Leverage

Account Type Leverage
GOLD 1:100
DIAMOND 1:200
PLATINUM 1:400

The Gold account offers a leverage of 1:100, the Diamond account provides a leverage of 1:200, and the Platinum account provides the highest leverage of 1:400. Leverage trading involves significant risks and should be approached with caution. While it can amplify your profits if your trades are successful, it can also amplify losses if the market doesn't move in your favor.

Spread & Commission

Account Type Spread Commission
GOLD From 1.8 pips No
DIAMOND From 1.4 pips No
PLATINUM Raw Yes

The table outlines the different account types offered by a broker along with their associated spread and commission fees. The Gold account offers spreads starting from 1.8 pips and doesn't charge any commission. The Diamond account improves on this with spreads from 1.4 pips, also with no commission. The Platinum account, however, offers spreads at a raw rate, which generally means interbank rates or near-zero spreads, but does charge a commission.

Trading Platforms

MT5 For:

  • WebTrader: The browser-based version can be accessed directly from any internet browser. This version doesn't require any software installation and allows you to trade from any device with internet access.

  • Windows: BIGMO also offers desktop applications for Windows. This version generally has a larger feature set than WebTrader, including the ability to use custom indicators and automated trading systems.

  • Android: The Android app provides significant mobility to traders. Users can trade, analyze the markets, and use other Trader Terminal functions on the go from their Android phones or tablets.

  • iOS: Similar to the Android app, the iOS app allows users to trade from their iPhones or iPads. It caters to all trading functions and gives traders real-time access to the financial markets while on the move.

MT5 trading

Deposit & Withdrawal

Options Max. Deposit Amount Min. Deposit Amount Fees Deposit Time
Bank Unlimited $500 0% 2-5 Business Day

The maximum deposit amount of BIGMO is unlimited, while the minimum deposit amount that can be made is $500. The time it takes for a deposit to be processed is between 2 to 5 business days. Both deposit and withdrawal transactions do not incur any fees.

Deposit & Withdrawal

When it comes to withdrawing funds from a Forex account, BigMo has set specific rules and guidelines. Withdrawal requests are processed from Monday to Friday between 10:00 and 19:00 Server time (GMT+4). Withdrawals are not processed on weekends and holidays. Any requests sent after 19:00 (GMT+4) within a day, will be processed on the following working day.

Only account holders can request withdrawal, transferring funds to third-party accounts is strictly prohibited. It's also worth noting that BigMo holds the right to confirm the identity of the payee.

One can withdraw part of the funds without having to close open positions, however, the withdrawn amount cannot exceed the free margin. Finally, BigMo does not bear responsibility for losses caused by insufficient funds in a Forex account. Clients are expected to monitor and manage margin requirements for open positions to minimize risk.

Withdrawal details

Conclusion

BIGMO is a new, non-regulated broker based in Mauritius, offering a wide selection of over 150 trading instruments through its Gold, Diamond, and Platinum accounts. Leveraging the MT5 platform, it offers high leverage up to 1:400 and 24/5 customer support. Despite its user-friendly interface and comprehensive offerings, its unregulated nature and mixed customer reviews warrant caution and careful research for prospective traders.

Frequently Asked Questions (FAQs)

Q: Is BIGMO a regulated entity?

A: BIGMO is currently not regulated by any financial authority.

Q: Which trading platform does BIGMO use?

A: BIGMO uses MetaTrader 5 which is accessible via web, windows desktop, and on mobile for both Android and iOS devices.

Q: What kind of market instruments does BIGMO support?

A: BIGMO claims to support trading in over 150 market instruments, including a variety of major, minor, and exotic Forex pairs.

Q: How accessible is the customer service at BIGMO?

A: BIGMO provides 24/5 support, reachable via email at support@bigmofx.com. Plus, Relationship Managers are assigned to DIAMOND and PLATINUM account holders.

Q: Is there any country or area that BIGMO doesn't provide service with?

A: Yes, BIG MO Capital does not provide services for residents or citizens of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan. Please always check local laws and regulations before using such services.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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23

Comments

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Quinlan
more than one year
BIGMO stands out with a diverse range of market instruments and robust trading platforms. Their offerings cater to various trading strategies, making it a versatile choice for traders seeking versatility and flexibility in their trading journey. Highly recommended!
2024-07-08 11:36
Reply
0
0
Chen Miyagi
more than one year
Because the difference between Buy & Sell, they increase by 0.54 while other Brokers Not playing this unfair game like this broker.
2024-06-28 15:29
Reply
0
0
Kamal9545
6-12months
The process is very simple. They will somehow convince a newbie to invest a small amount of $1K then assign a Relationship Manager who will give instructions on which trades to start with. Initially showing some good profit they will brainwash and make the trader greedy for more profits with bigger investments. Trader falls into the trap and invests $10K thinking that now they can make 10X more profit quickly. The RM will continue to instruct to open trades and show good profit as well. Meanwhile if the trader asks for withdrawal, the RM will convince the trader to hold on and keep the money in account for some more time to go for bigger upcoming trade which will give very good profit. The moment the RM understands that the trader wants to withdraw money, he will device a plan and he will start giving wrong indications to the trader. The trader sees his trades rapidly go in loss and approaches the RM to inform this and to check if the indication was correct. RM would tell the trader to hold on for some time. Despite repeatedly contacting the RM, the RM would either not respond or ask to wait for some more time. And then as per plan the RM will simply inform the trader that the market has changed and will ask to hedge with an opposite trade to save the account. Now the trader cannot withdraw any money and asks the RM for a solution. The RM say there is only one solution to add more funds and recover everything with double profit. The trader falls for it and that's it.
2023-11-17 14:18
1
0
2
Bilal3111
6-12months
I Invested money and I earner profit also aven though they did not provide any RM as proised but i did my self and made profit. Now I am tryiing to withdraw the money the request is pending since long. they are not giving me withdrawal and no one is replying from customer support and they guy who opened my account
2023-11-02 19:18
Reply
0
0
H786
6-12months
Hello, I had invested an amount in Emdforex.com/ BigMo capital from UAE, and they have cheated me. The emdforex site is now blocked. Reading through the reviews, I came to know that they have merged and changed the name to BigMo. They never return the money when we put in withdrawal requests. They keep the money in a live account, and they don't transfer it to the wallet. They don't respond to any emails either. I request all victims to come forward to take strict action against strict frauders. Email- hunaidabbas62@yahoo.com
2023-09-30 20:28
Reply
0
0
BIG MO is denying all the facts that they have connections with EMD FOREX and U TRADES MARKETS. They are only changing their Platform names due to all the Bad reviews they are getting. THEY ARE PROPER SCAMMERS.! Many are not coming forward to report this only because all are made to believe that they lost MONEY DUE TO MARKET CONDITIONS!!!!! They are scammers and PLEASE REFRAIN FROM THEM!
2023-08-17 17:52
Reply
0
0
Filex
6-12months
My concern is diffrent, if they are freauds , How does they run a company in UAE in a such a way with a physical office in UAE. Recently i have deposited 1000$ and request withdrawals . It was successfull. Personally i am a trader. so i just changed my previous platform due to hidden charges. according to me, most of the reviwes are from the people who looses their money , as you people are gready on money | Do not Know how to use levarages or you guys are a team of competitors. No matter what type of name you called me, this is my recent experiences. I visited to their office, deposited my hard cash to my wallet and started trading by filtering relationship managers words. Still going good since 4 months. My advice is to you all, do not trade like fools. atleast learn how to calculate your amount in wallet in simple mathamatics and manage your risks well according
2023-08-13 18:01
4
0
0
EMD FOREX /BIGMO both are same scammers. once you deposited your money confirm it, its gone, You will not get back your money at any cost. They will arrange a Relationship Manager ito destroy your account and make it -ve balances. Its a Big scammers group. They dont have any regulations or licenses in UAE. Its very easily you can confirm tell them to meet the RM once. Then you will get to know that. They will never ever come infront of you. i lost my 11,000 us dollars
2023-08-11 02:06
2
0
1
DEAR ALL PLEASE BE AWARE OF THIS COMPANY. THEY ARE CHEATING PEPLE BIG TIME. I HAVE WRITTEN SEVERAL REVIEW ON TRUST PILOT BUT ALL REMOVED BY THEM. THEY HAVE SCAMMED MANY PEOPLE AND ALL THEY DO MAKE YOU INVEST AND DO NOT RETURN ANY MONEY! I AM WRITING SEVERAL REVIEWS SO THAT PEOPLE ARE AWARE OF THEIR FRAUDS! PLEASE DO NOT PUT ANY MONEY WITH THEM. YOU WILL LOOSE EVERYTHING!
2023-08-07 16:14
1
0
0
This Platform is only to use your invested money and wash out in no time. All they do is make sure you keep depositing with them and they will wash out your account in less than a month and they will blame the market. please DO NOT INVEST WITH BIG MO, they are not regulated and they are scammers! All your money will be lost and they will never do anything. If we try and expose their dirty act, they will scare us by sending legal warning. They are non regulated and NO LICENSE they do not have any physical office but only call centers! PLEASE STAY AWAY from BIG MO FX and EMD FOREX, now they have a new platform called U TRADES please DO NOT INVEST with any of these patforms! They are online scammers and NOT LEGIT! please check their reviews on Trust Pilot and STAY AWARE! DO NOT PUT ANY MONEY WITH THEM!
2023-07-27 15:19
Reply
0
0
Dear All, Please be aware of BIG MO FX. This is a proper scamming company. They are not regulated and no license. People have lost a lot of money with them. This was called EMD forex and now Big MO FX. Many lost their money. This is not a LEGIT company. They are a bunch of Scammers. PLEASE BE AWARE! DO NOT INVEST WITH THEM!
2023-07-16 00:36
Reply
0
1
FX1652161013
more than one year
This is the best company to invest .. my money is save and i am earning good profit. Very satisfied with the services .
2023-07-05 15:31
3
0
0
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