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Big Lot Ltd

Saint Lucia|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://biglotfx.com/

Website

Rating Index

Contact

+971 501065577
support@biglotfx.com
https://biglotfx.com/
Big lot ltd, Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia

Licenses

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

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
Saint Lucia
Operating period
1-2 years
Company Name
Big Lot Ltd
Abbreviation
Big Lot Ltd
Company employee
--
Customer Service Email Address
support@biglotfx.com
Contact number
00971501065577
Company website
Company address
Big lot ltd, Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia
Keywords 4
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Review

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Official website

Website

  • biglotfx.com

    Server Location

    Singapore

    Website Domain Name

    biglotfx.com

    Server IP

    191.101.228.67

Company Summary

Aspect Information
Registered Country/Area Saint Lucia
Founded Year 2023
Company Name Big Lot Ltd
Regulation Unregulated broker
Minimum Deposit Standard: $100 Prime: $1,000 Pro: $3,000 Elite: $5,000 ECN Accounts: $1,000 - $5,000
Maximum Leverage Up to 1:500
Spreads Vary by account type, starting from 0 pips for ECN accounts
Trading Platforms User-friendly trading platforms including MT5 Desktop and MT5 Mobile
Tradable Assets Forex, Indices, Cryptocurrencies, Stocks, Commodities
Account Types Standard, Prime, Pro, Elite, ECN 10, ECN 15, ECN 25
Demo Account Unavailable
Islamic Account Unavailable
Customer Support Available through email at support@biglotfx.com and by phone at +971 501065577
Payment Methods Bank Transfer, Credit Card, Cryptocurrencies
Educational Tools Extensive educational resources on the website

Overview

Big Lot Ltd, established in 2023 and headquartered in Saint Lucia, operates as an unregulated broker, providing a range of account types to suit diverse trading preferences, with varying minimum deposits and leverage options of up to 1:500. The broker offers a selection of tradable assets, including Forex, Indices, Cryptocurrencies, Stocks, and Commodities, with spreads that differ by account type. Traders can access user-friendly trading platforms like MT5 Desktop and MT5 Mobile, although demo and Islamic accounts are unavailable. Big Lot Ltd provides customer support through email and phone contact, along with extensive educational resources on their website, making it a choice for traders looking to explore the financial markets.

Overview

Regulation

Big Lot Ltd is an unregulated broker, which means it operates in the financial industry without oversight or regulation from a reputable financial authority. Unregulated brokers can pose significant risks to investors as they may not adhere to the strict regulatory standards and safeguards that regulated brokers are required to follow. This lack of oversight can leave investors vulnerable to fraudulent activities, manipulation of financial markets, and the potential loss of their investments. It is crucial for individuals considering trading or investing with Big Lot Ltd or any other unregulated broker to exercise caution and conduct thorough due diligence to protect their financial interests and ensure their investments are made with reputable and regulated institutions.

Regulation

Pros and Cons

Big Lot Ltd offers a range of advantages, including a diverse range of market instruments, competitive spreads, and leverage options, along with multiple account types to cater to various traders. The user-friendly trading platforms, access to cryptocurrency trading, educational resources, and a variety of deposit and withdrawal methods add to its appeal. However, significant drawbacks include its status as an unregulated broker, potential risks associated with high leverage, and commissions on some account types. Limited information about the company and customer support options may also raise concerns. Despite these drawbacks, its global presence with offices in Saint Lucia and Dubai provides accessibility to traders worldwide.

Pros Cons
  • Diverse Range of Market Instruments
  • Unregulated Broker
  • Competitive Spreads and Leverage
  • Lack of Oversight and Regulation
  • Multiple Account Types to Suit Various Traders
  • Potential Risks Associated with High Leverage
  • User-Friendly Trading Platforms
  • Commissions on Some Account Types
  • Access to Cryptocurrency Trading
  • Limited Information About Company
  • Educational Resources for Traders
  • Limited Customer Support Options
  • Variety of Deposit and Withdrawal Methods
  • Global Presence with Offices in Saint Lucia and Dubai

Market Instruments

Big Lot Ltd offers a diverse range of market instruments to cater to the trading preferences and strategies of its clients. These instruments include:

  1. Forex (Foreign Exchange): Big Lot Ltd provides access to the forex market, allowing traders to speculate on the exchange rates between various currency pairs. This enables traders to take advantage of fluctuations in global currency values and engage in currency trading.

  2. Indices: Big Lot Ltd offers trading opportunities in stock market indices, which represent the overall performance of a group of stocks from a particular region or industry. Traders can speculate on the price movements of these indices, such as the S&P 500, Dow Jones, or NASDAQ, to diversify their portfolios.

  3. Crypto: Cryptocurrency trading has gained significant popularity, and Big Lot Ltd caters to this demand by offering various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others. Traders can engage in cryptocurrency trading to capitalize on the volatility and potential growth of these digital assets.

  4. Stocks: Big Lot Ltd allows clients to invest in individual company stocks, enabling them to buy and sell shares of publicly traded companies. This gives traders exposure to specific companies and industries, allowing them to make informed investment decisions based on company performance and market trends.

  5. Commodities: The broker offers access to the commodities market, allowing traders to trade in physical goods like gold, oil, silver, and agricultural products. Commodity trading provides diversification options and a hedge against inflation, as commodity prices can be influenced by supply and demand dynamics.

Market Instruments

Account Types

Big Lot Ltd provides a range of account types to cater to the diverse trading preferences and requirements of its clientele. The Standard account, with a minimum deposit of $100, offers traders access to the markets with spreads starting from 2.5 pips. It provides leverage of 500 for forex trading, 200 for metals, 100 for energy, 50 for indices, and 50 for cryptocurrencies. While there is no commission for forex and metals, a 0.50% commission is applied to stock and crypto trading.

For more advanced traders, the Prime account requires a minimum deposit of $1,000, offering tighter spreads starting from 2.0 pips. It maintains the same leverage and commission structures as the Standard account. The Pro account, with a minimum deposit of $3,000, enhances trading conditions with spreads starting from 1.5 pips, still maintaining the 500 leverage for forex and similar conditions for other asset classes.The Elite account, requiring a $5,000 minimum deposit, provides traders with even tighter spreads starting from 1.0 pips and slightly lower leverage for indices and cryptocurrencies. Moving towards ECN (Electronic Communication Network) accounts, the ECN 10 account offers a spread from 0 pips with a $5,000 minimum deposit, and it introduces commissions for forex and metals at $10 each. The ECN 15 and ECN 25 accounts have minimum deposits of $3,000 and $1,000, respectively, and commission structures of $15 and $25 for forex and metals.

Account Types

Leverage

Big Lot Ltd offers a maximum trading leverage of up to 1:500, allowing traders to control a position worth $500 for every $1 of their own capital. This high leverage can amplify both potential profits and potential losses in trading, making it essential for traders to use risk management strategies to trade responsibly and within their risk tolerance.

Spreads and Commissions

Big Lot Ltd offers a range of account types with varying spreads and commissions to accommodate the preferences and trading strategies of its clients.

Spreads:

  • Standard Account: Starts from 2.5 Pips

  • Prime Account: Starts from 2.0 Pips

  • Pro Account: Starts from 1.5 Pips

  • Elite Account: Starts from 1.0 Pips

  • ECN 10, ECN 15, ECN 25 Accounts: 0 Pips

Spreads represent the difference between the buying (ask) price and the selling (bid) price of a financial instrument. A lower spread generally indicates a more competitive pricing structure for traders, as it reduces the cost of entering and exiting positions.

Commissions:

  • Forex Commission (ECN Accounts only): $10 for ECN 10, $15 for ECN 15, $25 for ECN 25

  • Metal Commission (ECN Accounts only): $10 for ECN 10, $15 for ECN 15, $25 for ECN 25

  • Stock Commission (Applicable to all account types): 0.50%

  • Crypto Commission (Applicable to all account types): 0.50%

Commissions are additional fees charged by the broker for facilitating trades. In the case of ECN accounts, there is a flat commission fee for forex and metal trading. For all account types, there is a percentage-based commission fee for stock and crypto trading.

Traders should carefully consider both spreads and commissions when choosing an account type with Big Lot Ltd. Accounts with lower spreads may be more suitable for traders who make frequent trades, while accounts with commission fees may be preferable for those who trade less frequently or in larger volumes. It's important for traders to factor in these costs when evaluating the overall trading conditions and selecting the account type that aligns with their trading preferences and objectives.

Deposit & Withdrawal

Big Lot Ltd offers a variety of deposit and withdrawal methods to accommodate the needs and preferences of its clients:

Deposit Methods:

  1. Bank Transfer: Clients can fund their trading accounts by initiating bank transfers. This method typically involves transferring funds directly from their bank accounts to their trading accounts with Big Lot Ltd. Bank transfers are a secure and reliable way to deposit larger sums of money, but they may take some time to process, depending on the banking institutions involved.

  2. Credit Card: Traders have the option to use credit cards for deposits. This method allows for quick and convenient funding of trading accounts, with transactions processed in real-time. Commonly accepted credit cards may include Visa, MasterCard, and others.

  3. Cryptocurrencies: Big Lot Ltd supports cryptocurrency deposits, allowing clients to fund their accounts using popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This method offers a high level of flexibility and can be especially appealing to those who prefer digital assets for their transactions.

Withdrawal Methods:

  1. Bank Transfer: Clients can use bank transfers to withdraw funds from their trading accounts to their bank accounts. This method ensures the security of funds and is suitable for larger withdrawals. Withdrawal processing times may vary depending on banking institutions and international transfer regulations.

  2. Credit Card: Withdrawals to credit cards are typically processed back to the same card used for the initial deposit. It provides a convenient way to access profits quickly.

  3. Cryptocurrencies: Clients who deposited with cryptocurrencies can also choose to withdraw funds using the same cryptocurrencies. This method offers speed and flexibility, with withdrawals processed to the client's cryptocurrency wallet.

Deposit & Withdrawal

Trading Platforms

For those seeking a comprehensive trading experience, the MT5 Desktop platform provides advanced charting capabilities, Expert Advisors (EAs) for automated trading, multiple order types, market depth analysis, an economic calendar, and stable performance. Big Lot Ltd aims to be the gateway to profitable trading, allowing traders to unleash their trading potential and make informed decisions in the global financial markets.

MT5 Trading Platforms

Customer Support

Big Lot Ltd offers customer support services with a physical presence in Saint Lucia and Dubai, showcasing its commitment to serving clients globally. Located in Rodney Bay, Saint Lucia, the ground floor office in The Sotheby Building provides a local point of contact for clients in the Caribbean region. Meanwhile, in Dubai, their office on Bank Street Road in Burjuman reflects their international reach. Clients can reach out to them via email atsupport@biglotfx.com or by phone at +971 501065577. This dual presence, along with multiple communication channels, suggests a customer-focused approach, aiming to provide accessible and responsive assistance to traders and investors across different geographical areas.

Customer Support

Educational Resources

Big Lot Ltd offers an extensive “Education” section on their website, accessible via the link https://biglotfx.com/education-2/. This section serves as a valuable resource for traders and investors seeking to enhance their knowledge and skills in the field of trading. Here, individuals can find a wide range of informative articles covering various aspects of trading, including market analysis, trading strategies, risk management, and more. These articles are designed to empower traders with the knowledge and insights needed to make informed decisions in the dynamic world of financial markets. Whether you are a novice trader looking to learn the basics or an experienced professional seeking to refine your strategies, Big Lot Ltd's education section aims to provide valuable educational content to help you navigate the complexities of trading effectively.

Summary

Big Lot Ltd is an unregulated broker offering a diverse range of market instruments, including Forex, Indices, Cryptocurrencies, Stocks, and Commodities. They provide various account types with different minimum deposits, spreads, and commissions to cater to traders' preferences. With a maximum leverage of up to 1:500, traders can control larger positions but should exercise caution. The broker supports multiple deposit and withdrawal methods, including bank transfers, credit cards, and cryptocurrencies. They offer a user-friendly trading platform with advanced features and educational resources. However, being unregulated, traders need to conduct thorough due diligence. Customer support is available in Saint Lucia and Dubai, reflecting a global presence.

FAQs

Q1: Is Big Lot Ltd a regulated broker?

A1: No, Big Lot Ltd is an unregulated broker, which means it operates without oversight from a reputable financial authority.

Q2: What is the minimum deposit required to open an account with Big Lot Ltd?

A2: The minimum deposit varies depending on the account type, starting at $100 for the Standard account and going up to $5,000 for the Elite account.

Q3: What is the maximum leverage offered by Big Lot Ltd?

A3: Big Lot Ltd offers a maximum trading leverage of up to 1:500 for forex trading, allowing traders to control larger positions relative to their capital.

Q4: Are there commissions for trading with Big Lot Ltd?

A4: Yes, there are commissions for some account types, particularly for forex and metal trading in ECN accounts. Stock and crypto trading have a percentage-based commission.

Q5: How can I contact Big Lot Ltd's customer support?

A5: You can reach Big Lot Ltd's customer support through email at support@biglotfx.com or by phone at +971 501065577, with offices in Saint Lucia and Dubai to assist clients globally.

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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