BeeOptions Overview

BeeOptions
BeeOptions
Bonus: up to $25%
Options Profability : 60-85%
Rating: 6.9 / 10

Basics

Broker Name: BeeOptions
Platform: SpotOption
Founded: 2012
Bonus: up to $25%
Return/Refund: 60-85%/0-10%
US Traders Accepted: Yes
More BeeOptions Basic Information

Features

No. Of Assests : 100
Regulated : No
Demo Account : No
Deposit Options : C.C., WireTransfer, MoneyBookers, and more
Language : 3. Including Spanish, French
Minimum Deposit : 150

Screenshots

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Review Last Updated 2014-03-12 11:29:57

Editor’s Note – Why Does BeeOptions Suck in 50 Words

Lately I see brokers struggling with the Option Builder tool: it’s either missing or broken…and “broken” is my word of choice for Beeoption’s Option Builder. I can select the Asset I want to trade, but when I get to the expiry time, no matter what period I input, a message will appear, informing me that I have selected an “Invalid Expiry Time”. The message also tells me that I’ve chosen an invalid risk/profit combination, but I fail to see how that is possible because I didn’t even get to the part where I select the profit/loss amount.

 

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Why BeeOptions doesn’t Suck

If you are looking any particular asset, you will probably find it on Beeoptions; you name it, they’ve got it. Well, I might be exaggerating a bit, but you can trade on 131 assets. That’s quite a big basket and I don’t think a trader will ask for more. When you have such a wide variety, you can be sure to find a trade that suits your requirements so the lack of opportunities is not a problem with Beeoptions.

 

 

BeeOptions Full Review – All Bees Buzz the Same?

The first thing that hit me in the face was the name of the broker and the choice of colors: black and yellow…yes, like a bee. So far, I couldn’t manage to figure out the reason that made them choose this name, but I don’t find it appropriate for a financial institution. Nope, I’m not grumpy and I don’t lack a sense of humor…I just don’t find it funny and if it was, I’m not sure I’d want my broker to be a joke…

 

Ok, moving away from their name, I find the website pretty well structured and with good overall functionality. Beeoption’s platform is provided by Spotoption and although I said the “overall functionality” is good, there are still a lot of things to improve (they should start with the Option Builder). They offer tools like Roll Over and Double Up, One Touch Options or a Pro Trader chart and you can also download for free an e-book which sums up all the info available on the website but doesn’t provide any eye-opening insights about trading or chart analysis. The daily market review is up to date, but it’s exactly that: a review of what happened…not too helpful if you ask me. On the other hand, the weekly market review gives a heads-up on the most important upcoming economic events and a trader can find some value in it.

 

Beeoptions provides the possibility to trade 60 second options and probably one of their best features is the fact that everything on the 60 second platform is larger than normal. If I think of it, that’s how 60 second trading should be done because the trader cannot spend time looking for the buttons or “aiming” with the mouse. Big buttons allow a faster operation when things start to heat up and time is of the essence.

 

Overall, Beeoptions is just a regular broker, with no major pros or cons. Everything they do has been done before and no features make them stand out from the crowd. Why would I choose them? I have no idea. They are just…another broker.

 

 

Is Beeoptions a Scam?

No evidence points towards a scam and I think the only thing Beeoptions can be “accused” of is their mediocrity. Other than that, they seem ok and the fact that I could easily find information about them (address, owning company) makes me think that no scam is going on. However, more detailed research must be conducted by a trader who thinks about investing with Beeoptions.

 

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Beeoptions Complaints

While searching the major forums, review websites and chat rooms, I couldn’t find any complaints regarding Beeoptions. Instead, there are some reviewers who rate them 5 out of 5 stars or 10 out of 10 and talk about Beeoptions as if they are the best broker on the face of the Earth…oh please stop. I really don’t give any importance to a review that starts with stuff like: Beeoptions is a leading online broker…bla, bla…I wonder how unbiased those reviews are…

 

Beeoptions Bonus

I’ve been told by their Live Chat that for a minimum deposit of 150 USD/EUR/GBP, I will receive a bonus of 50 USD/EUR/GBP and if I deposit 1K or more, the bonus will be 25%. That’s not too high and not too low but the wager is 30 times the deposit + bonus which I consider is too high, considering you cannot withdraw your deposited money before you reach that trading volume.

 

Beeoptions Withdrawal

The minimum withdrawal for credit cards is 20 USD/EUR/GBP and for wire transfer is 100 USD/EUR/GBP, a pretty large amount if you ask me. Beeoptions offers you one free withdrawal per month and additional withdrawals will be charged 20 USD/EUR/GBP for credit cards and 30 USD/EUR/GBP for wire transfers.

 

Beeoptions Extra

I don’t think I can consider anything on their website an extra: the e-book contains the same info that I can find on the website and the market review is starting to be a standard for more and more brokers so it starts to move out of the “extra” category.

 

 

BeeOptions Ratings

User Friendly 15/20

The website is offered in 3 languages, the live news feed and the tutorials are easy to find and the large buttons on the 60 second platform are a plus when it comes to user friendliness.

 

Number of assets and expiry times 16/20

Beeoptions offers a very large basket of assets: 66 stocks, 17 currencies, 8 commodities and 40 indices so you will have no problem finding an asset to trade. Their expiry times range from 60 seconds to 15 minutes, hourly and close of the day. One Touch options are available too and an Option Builder.

 

Commissions, Support and Effective return 15/20

There are no fees to open an account, the Live Chat representative was actually helpful and answered my questions without too much tail chasing. The effective return ranges from 60% to 85% depending on the asset.

 

Deposit, Payment and Bonus 12/20

The minimum deposit is 150 USD/EUR/GBP and can be made using a credit card, e-wallet or wire transfer. For a credit card withdrawal you will be charged a fee of 20 USD/EUR/GBP and 30 USD/EUR/GBP for a wire transfer; the first withdrawal in the month is free of charge. For the minimum deposit you will receive 50 USD/EUR/GBP bonus and for deposits higher than 1K the bonus is 25% according to Customer Support. The wager is high: 30 times bonus + deposit

 

Website Extras 11/20

Like I already said, they don’t have any unseen before features but the market review and the e-book got them a few points.

 

 

Beeoptions Overall Rating : 69/100

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26 Responses to “BeeOptions”

  1. michael says:

    beeoption pay 100% Bonus

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    • stephen batt says:

      binary options buyer be aware this is a scam and they are a theft so is the program .hear are some name if you see these run run fast and far Kevin Williams, Julia Sandoval, Gery Sher the broker & Amanda they are with beeoptions.com & titaon.com these are some of the broker .the programs are bcc ,auto cash bob fisher gave me one program BCC,Mitchell wright AUTO CASH more names to look out for Mitchell wright,Cindy,she with underground millionaire,Daniel 44daymillionaire,Tom Jenkinsis with auto cash there is more but I delete them I SORRY I WISH I HAVE NOT DONE THAT . I tested the programs 9 times at $5.00 trades all 9 was in the money when the clock hit 0 but by the time the programs process the win all at wants I was no longer in the money .I believe that the programs process the win and sent it to the man or person that gave me the programs

      stephen batt that for being part of the family

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  2. Josh says:

    OptionBuilder is why they suck? That isn’t even their fault. It’s SpotOption. Their customer service and withdraw speed puts them much higher than 6.5.

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  3. Bogdan G says:

    Sure guy, whatever you say… But think of this: if I buy a car, I make it a TAXI, and the Air Conditioning breaks making my clients uncomfortable, is that MY fault or the car manufacturer’s fault? It is my fault because I dont take it to a garage to get it fixed. Of course, the manufacturer could have built it better in the beginning, but all things break. Spotoption is not at fault in this situation. How come the Option Builder works for other brokers who use the same platform?
    But just for the sake of avoiding any logical conundrums, here goes: all the features of a broker’s website must function impeccably. After all, they do handle our money, dont they?

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  4. Jeroen says:

    BEST SERVICE EVER!
    These guys are really good!
    Without asking they refunded me a trade that was slipped via SignalPush. I withdrew 4 times now, 1 bankwire took 2 weeks to get to my bankaccount so I emailed them and they replied with proof (from thei bank!) they sent it out the next day. After 2 emails their CEO called me on my cell to check with me. great experience with these guys over all.
    Rectify the review as it is full of BS
    Withdrawal via epayments is same day (same hour mostly) and arrives instant
    They deserve at least 9/10 IMHO

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    • Mikhail Pinkhasov says:

      Hello Jeroen, you said:
      “I emailed them and they replied with proof (from thei bank!) they sent it out the next day. After 2 emails their CEO called me on my cell to check with me.”
      Do you have e-mail address you “emailed to”? and do you still have a phone number for CEO (or name) of BeeOptions?
      Thanks

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  5. MJ says:

    i keep getting session logout when i was processing a trade. wtf

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    • Sean O'Hara (beeoptions) says:

      MJ can you please contact our support at support@beeoptions.com so we can try to help you with the issue. Thank you

      Sean O’Hara
      Beeoptions support staff

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  6. Tom says:

    Hi,

    For me BeeOptions is a SCAM!!!!

    I’ve been using beeoptions for about two months. I started from 1000 and I increased my balance to 8000. When I placed my first withdrawal for 2500 they said to me they can’t issue more than 2k because they are working on some regulations, they asked me to wait. After about 3 weeks they send me 2k only to credit card and through the wire. When I placed second withdrawal I waited about 2 weeks and nothing. That was around middle of December. I phoned them and they said to me they were holidays that’s why there’s delay. I decided to withdraw all. I waited some time about a week and nothing. Then I got an email that someone log into my account from Nigeria and my account is under review. It would take 19 days.

    More than a week ago I received a message from them
    Your account has recently come under suspicion for violation of the Terms and Conditions governing the operation and usage of Beeoptions.

    In accordance with Articles 10. Discontinuing Services, 17. Term and Termination, 19. Outside Execution System and 21. Cancel Feature Abuse, an investigation has commenced into your usage of the site during which your account will be temporarily suspended.

    The maximum allotted time for the suspension is 90 days, at which point your outstanding deposit value will be returned to you if you were deemed to have violated any Terms and Conditions of the site.

    Please direct future correspondence to your Account Manager, who will update you bi-weekly about the status of the audit.

    The manager doesn’t update me on weekly basis. Also I can’t log into my account since the beginning of this year.

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  7. Tom says:

    First time I come across this. If I were you guys I would Avoid this brooker.

    There are few brookers which you won’t have any problems with witdrawal your profit

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    • Lou says:

      So Tom, WHO ARE the brokers YOU recommend that release our profits (US CLIENTS) so cordially and promptly???

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  8. Simran says:

    Hey guys does bee options have any withdrawal problems…?! Like Delay of payment in your bank account or withdraw denial or something like that…Please let me Know!!!

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  9. Kz says:

    The worst. Oh god. Jan 3rd I sent in my documents, got a confirmation email saying I was approved to trade now. I begin trading through signal push via Quantam Binary Signals, which sucked. SO anyways I asked for a withdrawal on January 29. They told me to wait and Finance dept will contact me. 1 week later I open a chat to see when I’ll get my withdrawal, and what do you know? There was “NO” note of my ever submitting my documents, they just magically disappeared right? So now I have to restart the process as there is lack of communication between departments and I’m expected to get my withdrawal maybe by next year if things keep going like this. Rofl. Stay away. They are so nice to you when you’re asking about depositing, but when you’re asking for a withdrawal, they show their true colours.

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    • Sean O'Hara says:

      Dear Kz,

      I do apologise for this seemingly apparent disconnect between our departments. beeoptions had spent most of January reorganizing our structural systems in place to better serve you, our client. All verification documents must be allowed 3-5 business days to process, as to allow our Finance and Fraud departments enough time to verify the authenticity of your documentation in a secure and accurate manner. January also, unfortunately, bogged down the Finance department, as there were several bank holidays in December and backed us up in terms of processing withdrawals. Again, I do apologise for any sort of inconvenience that you have experienced with our processes and I welcome you to contact me directly in order to better and further assist you, if necessary.

      Sean O’Hara
      Sean@beeoptions.com

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  10. Bill Chapman says:

    Interested in joining beoptions but they are not regulated by he usa and no demo. account to test, but most of all is the deposit amount required has 3 different prices. One says &50 to get started another said &200 and now I see &250 required. A little missleading. This does cause me a little concern. They are aso not providing an E-mail address or a phone no. Would like th see some proff since I have been taken so many times that you would think I should stop this by now. One big scam was Teach me to trade from cal.

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    • Sean O'Hara says:

      Hello Bill,

      I would like to clarify for you – The minimum deposit with beeoptions is $250 in any of the following currencies: USD, GBP, EUR, CAD or AUD. This amount is very clearly stated all over our website: http://www.beeoptions.com. If you received information different from the above, unfortunately, you were misled by a representative not belonging to beeoptions. We have six different phone numbers, shown on our Contact Us page on the site. We can be reached directly through the following phone numbers: ​United Kingdom: (+44) 203.695.0389, Toll Free: 888.228.5923, Brazil: (+55) 614.042.1077, Russia: (+7) 499.403.3613, South Africa: (+27) 10.500.8619, Australia: (+61) 38.820.5901. Our Customer Support E-mail is Support@beeoptions.com and I can be reached directly at Sean@beeoptions.com. Please do contact us and we will be more than happy to assist you with any enquiries that you may have.

      Sean O’Hara
      Sean@beeoptions.com

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  11. av says:

    price in 60sec and high/low never matches, in particular times spread will be 20-30 points, i think all those good reviews by useer never with draw ed are not more than 1000

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  12. crazy bee options says:

    this site is complete fuck, they have their own rules, no set benchmark with anything, all of the sudden they can make you zero, its clear they play with figures

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  13. John says:

    I put a deposit and never trade. I requested for and I was charged 35 $ for processing fee for my credit card and 25$ for not trading. I have other 2 brokers that I also withdraw my deposit and those 2 brokers never charged of any processing fee for the withdrawal to my credit card. I knew this beforehand I would never deposit any in this stupid broker. Stay away with this broker bee options . They took 25$ so they can pay the person or company who referred me. I was never given a bonus at all. This bee options is a scam.

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  14. John says:

    beeoption isn’t half bad , it does pay you and the design is really good. i would recommend beeoption.

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  15. khulood almannaei says:

    i’ve been trading with them since February 2014, they do have good customer service and they always reply to my emails. i submitted a withdrawal request for the amount which i investment (2500 EUR) on 16 april and they paid me on partial refund of 1500 EUR almost every 2 weeks or 3 weeks they will fund part of the investment. am waiting for the last 1000 EUR.
    also i tried to withdraw my profit 4916 EUR and its still pending for approval since 19 may 2014. i’ll post another update will i receive my remaining investment and my profits.

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  16. Ferra Wilson says:

    Beeoptions is not a scam after all. Try to talk to their support group if you have any problem with them and they will simply try to contact you through phone and emails. You will receive advice that they are working on it and you as a trader should be patient because withdrawals on most broker sites takes a week to be processed. With regards to beeoptions bonuses I think I am satisfied how they are rewarding every deposit that I made and though I am not really a very lucky trader all the time, I am still happy with the profit I am getting from them.

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  17. Angry bee option customer says:

    I’ve made a withdrawal request on the 30th of June so that it may be processed on the 3rd of July only to be told that it was too close to deadline, & that it would be processed that next Thursday which would’ve been July 10th… After July 10 it’s still pending meaning they still have not released my request of merely $202. Every time iv tried to contact the finance department in charge of my request… the only option is email in which is an inconvenient time consuming alternative, in which I still haven’t gotten a response or any of my money back! I have since disputed it with my bank & will most likely be using a different broker next time around.

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  18. Aime Matunda Pero says:

    Hi,if I can say something about Beeoptions as a newcomer is the availability of their agent to chart with me online. This is something I was waiting for longtime with NGRbinary.com. But for me, Beeoptions is the best one. So, I conclude that if they are available to chart with me now, I believe that they will be even available every time I need help from them

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  19. John Manderson says:

    Hello,
    As a fellow binary options webmaster who affiliates with various brokerages I have some potentially critical information for those either looking to affiliate with them, or those who are potentially becoming clients of them.

    I have worked with them since May of 2014, and to this date have earned $2,400 in commissions due (not including anything from August as that isn’t “due” yet). They have “been kind enough” [/sarcasm off] to pay us a total of $800 of those funds, with nothing but excuse after excuse as to why (at first) they couldn’t pay in full yet because of bank problems, and now it is because supposedly none of my traders actually traded. Of course, this makes zero sense since they don’t even credit your affiliate account from FTD —> Revenue until the referred trader has ALREADY MET those trading volume requirements.

    They are either turning into a scam outfit temporarily — only ripping off their affiliates for now — to try and stay afloat due to financial troubles. Or, they were always a dishonest and fraudulent company. Take your pick. The chances that they are a trustworthy, financially solid binary options broker to choose from (for clients or affiliates) is roughly in the area of, oh, zero.
    Well, that’s my warning. Hopefully it saves some folks some trouble.
    Regards,
    J.Money (Pen Name)

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  20. khulood almannaei says:

    hello,

    this is an update for my previous post on june 15.
    i received all my pending withdrawals and thanks to Kevin Williams for helping me to settle all my withdrawals request in full payments.
    i can provide proof if required.

    Regards,
    Khulood

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