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Bloombex Options Overview

Bloombex Options
  • Bloombex Options
  • Bonus: up to 100
  • Options Profability : 68-73%
  • Rating: 5.1 / 10

Basics

Broker Name: Bloombex Options
Platform: SpotOption
Founded: 2010
Bonus: up to 100
Return/Refund: 68-85%/0-10%
Bloombex Options Overview

Features

No. Of Assests : 109
Regulated : No
Demo Account : No
Minimum Deposit : 200
US Traders : Accepted
Read Users Reviews

Screenshots

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Review Last Updated 2015-07-28 13:05:07

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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29 Responses to “Bloombex Options”

  1. DougRH Says:

    1- Are there ANY Binary Options brokers that you Do recommend that you don’t think are ripoffs and scams and that you DO recommend?
    2 – What are ‘Out of money option refund’ in Binary Options?

  2. Tracy Says:

    I have big problems with Bloombex Options, everything started out fine I was trading and I found it to be easy untill it came time to withdraw MY money the site claims 24hr customer service BIG LIE I cant get anyone no response to emails I tried several different ways the fax number on the withdraw form went to someone else the fax contained all my important information and I cant get anyone on the phone…..do not use Bloombex

    • Noah Says:

      Hi Tracy,

      The same goes for you. T, (the commenter below) and I have made proper contact and have sorted out the misunderstanding. They are very satisfied with our assistance.

      I’m sure T would be happy to confirm my statment.

      Please contact us via the correct available channels.
      We’re always here to answer any inquiries Tracy.

      Sincerely,

      Noah

      • Jose Says:

        I am also having serious problems with Bloombex Options. I deposited 600 €, and after some weeks I ordered a withdrawal. After couple of weeks waiting for the withdrawal, suddenly they blocked my account with no reason and told me that my account was under the risk department.
        Now it has past more than one month and my account continues blocked and I haven’t receive the withdrawal I ordered.

        This is not serious, playing with the effort and the money of the people. I thought this platform was serious, but until now they have demostrated to me they are acting like scam.

  3. T Says:

    Yeah the affiliate program is horrible they wont/dont even answer you or tell you how things should go.

    • Noah Says:

      Hi T, I’m the Senior Affiliate Manager at Bloombex-Options. I don’t know why you would claim such a thing here, but I’d be happy to assist if you contact us properly via email, skype, chat or telephone.

  4. Noah Says:

    Hi Tracy,

    The same goes for you. T (the comment below) and I have made proper contact and have sorted out the misunderstanding.

    I’m sure T would be happy to confirm my statment.

    Please contact us via the correct available channels.
    We’re always here to assist in any way we can Tracy.

    Sincerely,

    Noah

  5. Anand Says:

    Bloombex is definitely a number one scam..

    Ive deposited $10000 dollars and they appointed a manager for my ac.

    when i try to withdraw there comes their true colours. They blocked my ac for more than a week and do research with my ac and they get the bonus as their weapon and they ve deducted everything and they asked me to trade with a sum of $2000 dollars to $300,000 dollars of trade which is logically impossible.

    So i just stayed away from this by lossing my $10000 to them.

    so people who ever wanted to join them, if you got millions of money and do not know what to do and just want to spend money for fun, then go with this.

    Otherwise im begging to those who got a thought to invest this platform, m telling you guys,..this platform simply fucked up.

    they try their best to swallow your moneys ive tried few platforms and this platform is the worsest ever..

    Pls do not deposit with this bloombex.

    • Noah Says:

      Anand, please tell the truth. You received your funds as you requested. We have the proof if anyone here wants to see for themselves. The fact you lost a few trades does not make us a “scam”. We do our best to keep our clients happy and satisfied. Please contact us if you have any further disputes instead of trying to smear our good name online for no good reason.

      • Andre Says:

        Even if someone is lying about this platform I am still concerned over your willingness to display information about that person’s account. I would hope you wouldn’t show any proof under any circumstances.

  6. Dannie Blaine Says:

    I have opened an account in Bloombex and I think my trading is doing really well. I started with a $300 deposit and right now as I checked I noticed that I already have $635 in my account after a couple of months of trading with them. I know that the profit they offer is not even high compared to other binary options but I am happy on how account advisers handled my account even if I made a really small investment. I think I will be investing with them in the future.

    • Noah Says:

      Dannie, thank you for the positive feedback. It’s funny that although we are marked “not trusted” by this site, if you take the time to actually read our review, it’s not bad at all! I tried to rectify our trustworthiness here but it costs too much lol. People shouldn’t believe everything they read online.

  7. Bill Says:

    have found several instances of what can only be manipulation of price data opening a put or a call the current price is not always accurate to the current price even to the point that if you open a second window to the same data in another session to the same platform the numbers can be quite different from identical charts at the same time, I have captured several screen shots where the charts have been completely different by quite a few points then adjusted back during the open trade so you loose interesting that adjustment does not occur on the other open window to the same data where there was no trade placed, there is either a problem in the platform or the platform manipulates the price to increase the likely hood of loss.

    • Noah Says:

      Bill, it is impossible for us to “manipulate price data” when we’re getting our live feeds from Thomas Reuters and are a SpotOption brand. Maybe some other brokers that have their own in-house developed platforms do what you claim but we cannot even if we wanted to (which we don’t). Please forward us the screenshots and our Technical team will look into it to check for any issues. If there were discrepancies, your account will be credited for those trades. I’m sure if you profited you would want to keep those profits regardless of any technical issue?

  8. Phound Says:

    I’ve concluded that, despite all the defensive protests from “Noah,” Bloombex is a scam site. The negative comments here speak for themselves. So does Bloombex’s dishonest self-promotion involving phony sites that pretend to rate Bloombex. Legitimate companies don’t need to create fake sites to give themselves high ratings.

  9. Jose Says:

    I am also having serious problems with Bloombex Options. I deposited 600 €, and after some weeks I ordered a withdrawal. After couple of weeks waiting for the withdrawal, suddenly they blocked my account with no reason and told me that my account was under the risk department.
    Now it has past more than one month and my account continues blocked and I haven’t receive the withdrawal I ordered.

    This is not serious, playing with the effort and the money of the people. I thought this platform was serious, but until now they have demostrated to me they are acting like scam.

  10. damien lewis Says:

    Thanks everyone I almost deposited 1000.00 us dollars I think I will go to Nadex these foreign binary option brokers are scum

  11. mary Says:

    I had no problems withdrawing I deposited $1000 GOT $294 BONUS MONEY AND MADE A $1000 IN TWO DAYS THEN WITHDREW IT THE $1000 IT WAS IN MY PAY PAL ACCOUNT WITHIN A WEEK

    • Jose Says:

      So you were luky, actually very luky… Too like. Great that you reach the volumen to withdrawal in just two days… Good for you.

      Bloombex is a big scam, and there is not doubt about that. People have to know that and should be aware from them or they will lose their money.

  12. Ed Ford Says:

    I am also a newbie in binary options and I tried Bloombex options as my training ground. So far, I have learnt a lot of things on their Education section which help gain leverage and make my trade more profitable. I think the return is awesome and I need to debunk what other traders are saying with regards to the withdrawal period. It will only take them longer if they find discrepancies on your account, but so far, based on my experience there is no sign of any delay on the 7 day period that they promised.

  13. Gina Says:

    I have tried since 23rd JAnuary 2015 to make a withdrawal. There is always an excuse and once again as the previous posters have stated you have referred me to fraud department because I wanted to withdraw my money without trading because I lost a lot of money with other binary options brokers so I wanted the money back that I had left. There is nothing fraudulent about me. I am a stay at home mum who was looking to make pocket money from binary options but instead you are refusing to give me back my deposit amount of £300. I have lost count of the times I have been on live chat to be passed around from one operator to another. I have sent numerous emails asking for my money back to be told you only do quarterly refunds and it would be better for me to place some trades. Absolute nonsense. If I don’t get my money withdrawl auctioned within the next 7 days I will be reporting you. You are a scam broker. People please do not use Bloombex Options. You will loose your money because even if you win trades they will not action your withdrawal request.

  14. jason Says:

    I too am having serious problems with this trader, also Withdrawing money from my account. It has been two months I have sent all the paperwork they have asked for and I have not been able to withdraw my money. I will file a complaint with the BBB after I write this review. I suggest no one trade with this company. You will get more of your money back if you just throw it out the window.

    • Jose Says:

      I am having the same problems. I am waiting for 4 months a withdrawal that never arrives. Also, they have blocked my account and I can not even login into the platform.
      I suggest to file a complaint to the Security Exchange of the European Union. The email where we have to send the complaints is:
      info@esma.europa.eu

  15. kewal kaler Says:

    Last night about 11pm I wanted to try Bloombex after I saw their email in my box it was promising but when I tried to deposit $200 or 250 or even $300 it would not take it says I only deposit $500- that was minimum,as I trade next couple hrs I kept loosing out of 40 to 60 trades I did I only won 5 to 10 times and rest 50 times I lost,even I tried their signal which tell me to which option I should take,put , or down, but I lost. By 2 Am I lost all my $ 500- and I tried to call and chat but they did not help me, this Bloombex is disaster I would not recommend to anybody it’s total loss. Thanks. Kewal

  16. Michael Says:

    Bloombex refuses withdrawals. I have been in contact many times still no success in getting my money back.As with many signal offers they receive commissions for referring traders to the platform. I had been referred to Bloombex three times. I submitted a withdrawal to close two of my accounts. I did not need three. I was notified one was closed by Netpay. The other which had more money did not appear. I inquired why. After many inquiries I still have not gotten a satisfactory answer from chats or emails. I called and they say they are going to get to it…..

  17. Bruce Tomlin Says:

    1. Bloombex – Made small deposit just to how this works, this is what occurred
    2. Guy calls me to invest $20k in Amazon because of drones, ZACK’s has Amazon as a HOLD.
    3. One winning trade was paid at Tied.
    4. The next trade took $100 and disappeared.
    5. This is a boiler room operation in my opinion and the system is designed to see if it can take any “win” during validation, the price you see at end is not the price that is completed after validation from what I can see.
    6. I chatted with someone there, they said they could not help with that.
    7. Naturally, as a fairly large stocks and options trader I wanted to see this in operation. And, when I want to gamble, I can go to the horse or dog track, at least there, when I win I win and it is clear. My opinion is to avoid this company like it was the plague.

    • Steve Says:

      I’ve been having a similar experience with Cherry Trade..Entry times fluctuating after I have hit the call/put button waiting for “verification”. It should be locked at whatever rate it is at the moment you hit call/put the 1st time. Then trades that clearly end in the money even if by 1 digit are counted as losses after “validation”. They may be nice on the phone but the platform execution is kinda sketchy.

  18. Gary Says:

    My experience with Bloombex Options was not a good one. Over the July 4th weekend (2015) I discovered a video on YouTube explaining how Binary Options can be very profitable if done right. I did some research, looked up a few trading websites, and decided to go with Bloombex which was recommended by someone doing a YouTube video. They require a $350 USD deposit now, so I used a credit card to make the deposit. I was leery of using PayPal as it would give it access to my bank account. Long story short, Monday morning came and I decided to try my luck at Binary Options, 60 Second trading. I won some and lost some, and after a couple of hours decided to do a little more research to see if I was doing something wrong, or to see if I could improve my odds of winning. But when I logged back on after a couple of hours I discover my account balance which was at $325 was now down to $0.00! Not only that, but the trading page would not load, and gave me a message saying it was redirecting me to a “broker deposit” page, but it is still in the process of redirecting after about 20 minutes now. I STRONGLY urge anyone who is considering Bloombex Options to AVOID them like the plague!! Apparently they are not on the up and up. Thank you.

  19. Scott Says:

    I deposited $400.00 into the account, and can’t find my account to trade??

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