Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Bloombex Options Broker Review 2018

  • Min. Deposit $300
  • Min. Invest $10
  • Return 85%

This broker is now closed.

Bloombex Options is one of the first binary brokers presented in global financial markets. Established in 2009, Bloombex Options offers traders a wide range of features and trading mechanisms for successful binary options trading.

With a mission to enable traders a secure trading environment, Bloombex Options includes many tools and services from which traders can benefit from. This broker is owned and operated by the Pilpel Capital Ltd.

Continue reading our Bloombex Options review and learn more about this popular trading platform.

Bloombex Options Special Features

One of the most relevant elements when joining a broker is to learn what is required minimum deposit. With Bloombex Options, the deposit amount is $300 and the minimum investment is $10. Traders around the world who choose this broker are able to make deposits in USD, EUR, GBP, and AUD.

Maximum possible returns on investment go up to 85%.

This Bloombex Options broker review revealed us how they offer an amazing list of 110 different assets to choose from when trading binary options. These assets cover all major and many other underlying assets, such as stocks, commodities, currencies and indices.

Also, traders would like to know how the platform isn’t available only in English. They can check the platform on following languages: Spanish, French, Russian, Dutch, Italian, Japanese, Arabic and Turkish.

Bloombex Options Trading Software

For Bloombex Options broker review we discovered how they use SpotOption, a well-known brand in the binary industry. With SpotOption software, traders can encounter a simple navigation over the platform and a selection of important trading tools to boost the profits.

Bloombex broker enables registered traders an excellent list of different trade options, short term, and long term. They include 60 Seconds, Pairs, One Touch, High/Low, Ladder Options, ProFollow and Long Term.

Traders are able to select a preferred time of expiry for the trade. It can range from very quick 30 seconds to even 150 days. To be more precise, here are detailed listed expiration time with Bloombex Options broker: 30 s, 60 s, 2 min, 5 min, 15 min, 1 hr, end of day/week/month and 150 days.

We were surprised to see how many tools and the trading feature does this broker offer to all interested traders worldwide. For example, one of the most used and popular ones is by far option to use mobile application. With Bloombex app, traders are able to trade binary options when they are on the move.

This mobile app is connected with Android and iOS systems and can be used on smartphones as well as tablets and computers. With an user-friendly interface, traders shouldn’t experience any type of difficulties due to its simple overview of current trades.

In binary industry, a couple of features is meaningful for involved traders who can use them in the binary trading process. One of such features is Rollover. When Rollover is activated, traders can easily postpone expiry time of an asset if they believe the asset is going in opposite direction. This action provides them with extra time to turn a potential loss to a money gain. This option is available up to 30 minutes before a trade expires.

Another one worth mentioning is a Double Up feature. As the word says it itself, it enables traders to boost their profits and double the trade. However, it is important to know how the second trade (which will be double) needs to be created by the same trading conditions as the initial trade.

For Muslim traders, Bloombex Options broker offers Islamic accounts. This type of trading account is in accordance with Shariah law and allows binary trading with no charged fees.

Bloombex Options

Bloombex Options Support Information

In Bloombex Options broker review we learned how traders who register with them, have the option to contact Bloombex via several options, such as online web form, email, live chat, and telephone.

Their customer support agents are online Mondays to Fridays from 6:30 GMT to 22:00 GMT. Phone numbers are available for following countries: UK, Australia, Saudi Arabia, Germany, Bahrein and the United Arab Emirates.

Email is available on [email protected]. By our experience, live chat is the best and fastest option to reach a broker. When an agent joins the chat, traders can ask any query, regarding how to register, place a trade or withdraw funds. With responsive support, the answer should be quickly provided.  

Let’s not forget to emphasize how Bloombex Options sees the importance of educating their traders. Under Education Center page on the platform, traders are able to see different education materials, divided into categories of traders’ knowledge.

Traders can experience a demo tour over the platform, check FAQ, ebook, and economic calendar also. Glossary comes as a useful element for beginners who are being introduced to binary terminology. Under Academy, traders can learn more tips, guides and relevant strategies which can help them achieve better trading results when investing in binaries on the financial market.

Bloombex Options Banking Information

In Bloombex Options review we saw how they seem serious into ensuring registered traders to have a successful binary trading journey on this trading platform. This is why the use SSL encryption that protects all traders’ valuable information.

As noted above, the minimum deposit amount is $300, which is a little bit higher than the industry average of $250. In the case of deposits made via bank transfer, the amount is no longer $300 but $500.

Before traders make any payments, they are required to submit few documents in order to authorize their trading account. These documents cover: copy of ID card, proof of trader’s address and copy of credit card which will be used in the trading process; covered card digits.

It is possible to make deposits with:

  • Credit cards – Mastercard and Visa
  • Wire transfer
  • E-wallets – PayPal, Skrill, and CashU

In terms of withdrawals, lowest amount is $100 for credit cards and e-wallet providers. For withdrawals via bank wire, required amount is $250. Also, traders should be aware how this broker charges withdrawal fees. For credit cards and wallets, a fee is 3.5% and for wire transfer $15.

Bloombex Options - Review Conclusion

  • Excellent trading options
  • Withdrawal fees