Bloombex Options Review

Overview

Bloombex Options was created in 2010 in Germany and it's a less known but very competitive and promising binary options broker which offers ease of use and reliability. Customer support is available in many languages such as English, French, German, Turkish, Arabic, Italian, Dutch and Russian. Minimum deposit is $500, and minimum trade size is $10, accounts can also be opened in Euros, British Pounds or Australian Dollars. Payouts range from 83% (intraday) to as high as 1000% (Ladder), and refunds on losing trades are also offered and can be as much as 10%. Market data are provided by Thomson Reuters and it offers more than 100 trading assets, while all trading is offered on a no commissions basis and the company simply profits from the payout differentials. Overall structure and support is more than good, and this broker aims at remaining very competitive since it already offers the latest trading tools, such as Option Builder, Ladder, Pairs trading and of course Double Up and Roll-over features. Bloombex-Options.com offers very generous deposit bonuses to all clients, free daily market analysis and even free trading signals, which is exactly what new traders need when they first trade. This broker is expected to grow significantly in its target market countries, and it is already delivering an exceptionally good trading service, perhaps not unique or brand new in the EU countries, but certainly new in other countries where most other brokers offer limited or less good services.

Bloombex Options

Trading Platform

Bloombex-options.com is using the popular and successful SpotOption trading platform which is web based and easy to use, specifically designed to eliminate the risk of placing the wrong trade or meeting any kind of difficulty in placing the right trade. The platform is also accessible from mobile devices and smart phones, it does however offer more support to new traders, more than other brokers' platforms offer. Overall the trading platform is very good, and designed so as to allow even novice traders to fully use the advanced trading tools offered, with confidence, and benefit from them.

Bloombex Options

Safety of Clients' Funds and Regulation

Bloombex-options.com is not officially regulated within the EU, but being based in Germany it still has to comply with basic business principles and regulations, the company has to stay free from tight EU regulation in order to be able to accept clients from several countries in the Middle East. It is however a reliable financial institution and above all it's a real binary broker which has access to the markets and hence it operates on a free of conflicts of interests principle, which means it really wants its clients to win.

Deposits and Withdrawals

Bloombex Options accepts all major credit and debits cards, bank wire transfer, Paypal and Skrill for making a deposit or withdrawing money.

Specials

Bloombex Options offers a unique 100% deposit bonus on all deposits, and extensive education aimed at helping new traders gain confidence in trading the markets. Traders are also given a personal account manager, which is quite helpful in providing feedback and guidance on a new trader's first trades and on overall account management. Personal account managers are quite helpful, and are a characteristic benefit of all serious brokers today. This helps the broker retain a high percentage of its clients, for a very long period of active trading, rather than have them switch to another broker in few weeks time. But also the clients themselves benefit significantly from being loyal because these personal account managers reveal more and more good tips to them as time goes on.

Our Verdict

Overall BloombexOptions is an extremely competitive binary options broker, and it is almost certain that it will gain in popularity among spot market traders and even new traders in the target countries. As investors and traders are becoming increasingly demanding and require more innovative trading tools such as Option Builder, Ladder and the like, in order to limit their risks and maintain profitability, it is very likely that top brokers such as BloombexOptions.com will remain one of their best choices.

The educational material is really extensive and well oriented, so much so that new traders will find the exact guidance that best fits their trading profile. Moreover this education will help them avoid making trading mistakes, money management mistakes or psychology related mistakes. A few years ago this kind of training was not available anywhere and new traders had to pay $1,000s to attend premium seminars in an effort to gain an edge in trading. Today this education, for the most part, can be found for free at brokers such as Bloombex Options, of course the personal effort made by the new trader is still highly required in order to learn all this material in-depth.

Visit Bloombex Options official website

Bloombex Options

Visit Official Website

    Headquarters: Genmany

    Year founded: 2010

    Regulated: by NO

    Accepts US traders: NO

    Platform: SpotOption

    Minimum Deposit: $500

    Minimum Trade: $10

    Maximum Trade: $7.500

    Deposit Bonus: up to 100%