Forex Bigul Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

Bigul Trading Conditions

Registered Region India

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@bigul.co

Contact Number N/A

Website Bigul

Balanced Review

Pros & Cons

Pros

Flat-rate trading fee of Rs.18 per trade
Diverse trading instruments including equities, commodities, and currencies
User-friendly mobile trading platform: BigU Trading App
Educational resources including webinars to enhance financial literacy
Multiple payment options for deposits and withdrawals

Cons

Unregulated broker with no financial authority oversight
Limited customer support hours, not available 24/7
Complex fee structure with additional charges beyond flat-rate
No support for popular trading platforms like MetaTrader
Potential risks related to transparency and accountability

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Bigul	XA Markets	Goodwill	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	India	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Bigul Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and Casual Traders	Flat-rate trading fees, user-friendly interface	Suitable for users starting out in trading
Professional Account	Experienced Traders	Advanced trading options, higher trading limits	Requires verification of trading experience
Demo Account	New Traders	Practice trading without risk	Allows users to familiarize themselves with the platform

Account Opening Process

To open an account with Bigul, follow these steps: First, visit the official Bigul brokerage website and click on the “Open an Account” option. Next, provide your valid mobile number and click “Continue”. After that, complete the account application by filling in your personal, employment, and financial information. You will also need to undergo identity verification by submitting an ID and proof of address. Once your application is submitted, it will be verified, and upon approval, you can start trading with your new account. Bigul allows for account flexibility, enabling users to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	Rs.18 per trade	Flat-rate for all trades
CFDs (Stocks, Indices)	Varies	Rs.18 per trade	Flat-rate for all trades
Cryptocurrencies	Varies	Rs.18 per trade	Flat-rate for all trades

Other Fees

In addition to trading fees, Bigul may have other charges including deposit and withdrawal fees based on the payment method used. There may also be inactivity fees, platform usage fees if applicable, overnight interest (swap rates), and currency conversion fees that traders should be aware of to manage their overall trading costs effectively.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Bigul User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Rajesh Kumar

New Delhi

★ ★ ★ ★ ★

I faced significant delays when trying to withdraw my funds. It took over a week, and the customer support was not very helpful in providing updates. I was hoping for a smoother experience.

Anjali Verma

Mumbai

★ ★ ★ ★ ★

The BigU Trading App is fantastic! It’s easy to navigate, and I appreciate the flat-rate fee of Rs.18 per trade. The educational webinars have also helped me improve my trading skills.

Suresh Patel

Bangalore

★ ★ ★ ★ ★

I was really disappointed with the lack of support when I encountered issues. The phone lines were often busy, and I had to wait too long for responses via email. It’s frustrating for someone who needs timely help.

Meera Singh

Chennai

★ ★ ★ ★ ★

Bigul has made trading so accessible for me. The mobile app is user-friendly, and I love their diverse range of trading instruments. Plus, the educational resources are a big bonus for beginners like me!

India Market