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Not approved broker by binaryoptionsthatsuck.com
5.1
  • Bloombex Options

  • Bonus: up to 100
  • Options Payout: 68-73%
  • Rating: 5.1 / 10
Broker Name: Bloombex Options
Platform: SpotOption
Founded: 2010
Bonus: up to 100
Return/Refund: 68-85%/0-10%
Bloombex Options Overview
No. Of Assests: 109
Regulated:   No
Demo Account: No
Minimum Deposit: 200
US Traders:   Accepted
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Bloombex Options Review

Editor’s Note- Why does Bloombex Options Suck in 50 Words

There is no doubt over the fact that Bloombex certainly is a part of the Binary Options brokers’ category which does not deliver what it promises it will. A mere glance through the description of Bloombex is enough to make us understand that it is just another average broker and it has no special features that can be helpful to us.

 

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Why Bloombex Options Doesn’t Suck in 50 Words

Unlike most Binary Options brokers who does not support PayPal, At BloombexOptions a trader can deposit and withdraw via PayPal. Only a few brokers allow PayPal service, however, the maximum withdraw via PayPal cannot exceed the deposited amount.

 

Bloombex Options Full Review – Nothing special with Bloombex

Bloombex Options was founded in 2009 and is 100% web based with no software needed be downloaded. My first encounter with Bloombex options already raised a couple of question about the authenticity of this company. Some sources show the company to be set up in Singapore. However, there is a bit confusion on this aspect as they seem to be registered in British Virgin Islands. The information about their launch year is also contradicting because some sources list the launch year as 2010 and others as 2014. After a discussion with their support team we found out the year of the launch was 2009. The owning company is Bloombex Ltd. with their European Support Center located at Wilhelm-Raabe-Strasse 14, Duesseldorf 40470, in Germany. They are not regulated by any agency and information about this company is scarce.

 

Bloombex has been introduced as a versatile trading platform which supports forex as well as binary options trading. There is nothing new about this platform and it seems to be very similar to the other binary options trading platforms available in the market and this is why I personally feel that Bloombex scam is true. Some of the essential features which can be highlighted about this trading platform is that at a glance the platform looks great, the one touch weekend options seems good, there are multiple assets to trade on, demo seems informative and the numerous deposit options makes us feel like it is a great buy. The OneTouch trading option helps traders to keep their positions open throughout the day and thus, they can hope to reach the payout, however, we must understand that Bloombex is not the only trading platform to provide customers the One Touch option. In fact, I have personally used several top trading platforms and all of them seem to have this feature.

 

Is Bloombex Options A Scam?

I have just discussed that there is nothing unique about making Bloombex sound like the ultimate binary options platform. All its features seems to be present in some other trading platform as well and hence, now we need to find out is Bloombex Options scam or not? Now, I wouldn’t actually refer to Bloombex fraud because the customer representative who is trying to make you buy this is only worried about the initial investment which you will make on this platform. You should understand that the minimum deposit and withdrawal on this trading is quite high. So, when you make your first investment, you are treading towards loss that’s pointed on the traders side. Most of the newbie investors might not take into consideration the initial high investment which is quite high and in turn, they are not offered any new trading tools which are the first major setback of this trading option. For me, personally, the unavailability of fine trading tools makes me lose interest in this binary option trading. The OneTouch Trading option and the clear indication of tracking the expiry time of an asset is all that is provided from this trading platform. The fees charged by Bloombex are enormous and there are hardly any benefits that can be reaped from such an investment. In fact, for such a high minimum investment, you can certainly go for a top rated trading platform which offers you the right trading tools for you to play in the binary options domain. There are no analysis tools and no live news feeds, and the bonus is too big as well. After I understood the cons of the Bloombex binary option, I just wanted to warn all the possible investors to stay away from this trading platform and just want to make sure that you do not fall into the trap of Bloombex Options scam.

 

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BloombexOptions Complaints

Searching for broker complaints and fraud alerts is always an important task; it’s so easy to do that anyone can perform that simple search. All you have to do is check Google for Bloombex Options complaints, scam, etc. here is what binaryoptionsthatsuck.com found- Unfortunately, our search for Bloombex options complaints came up empty. We couldn’t find either any positive comments or negative ones. They’re quite new to the binary options industry, we’ll just have to wait and see.

 

BloomBex Options Bonus

The bonus at bloombex options is at least 30% for any deposit. Another add says that with every 100-500$ investemte you get a 100% bonus. No information about the wager.

 

Bloombex Options Withdrawal

Check our article center for more information about withdrawal, and why it so important. Bloombex Options allow a few withdrawal methods, all of them are charged with fees. They claim the withdrawal is fast, but it’s actually quite usual.

 

Bloombex Options Ratings

User Friendly 15/20

Bloombex website is based on a 100% web based platform. The website is quite user-friendly and makes trading quite easier.  The platform looks good and is graphically attractive. You will be able to access the website on all the trading levels and it is said that even if you are beginner, you can get it correct with the Bloombex options. Also, the website has been cleanly organized and it is quite easy to locate the icons. The FAQ section has been clearly laid out for the convenience of the clients and the learning tutorials are good as well. Bloombex is available in English. Arabic, German, Russian and French.

 

No. of Assets and Expiry time 13/20

The total number of assets is 65 which include 17 trade stocks, 15 currencies, 6 commodities and 27 indices (Update- up to 109 assets). As this is a new binary options broker, the expiry times is only one hour, one day and one week which is a real disappointment from this trading platform.

 

Commissions, Support and Effective return 5/20

Bloombex don’t charge any fees or commissions from traders when they first deposit or purchase options. Withdrawals are charged with at least 1% to 5% of all fees, depend on which withdrawal method is chosen. All withdrawals have a minimum of 100$. Bloombex support is only supported via email or fax number. Bloombex live chat is pretty mediocre; it took awhile to get a representative on line. The effective return is the average with a maximum of 75% In-The-Money. The Out-of-Money refund is between 1-10%.

 

Deposit, Payment and Bonus 9/20

A minimum deposit of $200 is required for Bloombex Options and the maximum per option is $1500, above average for minimum and below for max. The deposit methods which are accepted by this trading platform are PayPal, Money Bookers, Liberty Reserve, Credit or Debit Card and Wire Transfer as well. Withdrawals are generally available via the same methods with minimum fees applied. The bonuses quite vary from time to time and they are able to offer a 30% bonus on all their deposits.

 

Website Extra’s 9/20

Some of the extra features of the Bloombex website which needs to be taken into account are the Daily Market Review and the Expiry Rates which is regularly updated. The Demo Tutorial is quite helpful to beginners and the Trade Platform Link also helps to practice trading on the platform. Other than those, Bloombex has no special features, which makes them far behind most binary options brokers.

 

Bloombex Options Rating 51/100

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