Bloombex Options Review

UPDATE (7.11.2016):

We have found out that Bloombex Options is closed.

We recommend choosing one of our top binary option brokers instead:

1. IQ Option
2. Banc de Binary
3. Finpari (for US traders)

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

bloombexHow many times have you heard the phrase “experience is the best teacher”? People say it for a reason because generally it means that an experienced group of people tend to enhance the quality of whatever they do; it’ s no different when it comes to binary options trading. The folks at the Bloombex Options web brokerage site bring a lot of experience with them to their binary options trading platform. We were very impressed by this broker as we reviewed their website and the experience really shows through in the intricate details that make this a great binary options trading site.

Unfortunately for Americans and investors from Iraq and Israel,Bloombex Options no longer accepts traders from those countries. The rest of the world can join up with the Bloombex Options binary options broker and get the many benefits that this experienced broker provides to those who trade with them. By the end of this review, you will be thinking “why didn’t I trade with these guys sooner”; they really are that good of a binary options online broker.

Bloombex Options is a broker that claims to be on a mission to revolutionize the binary options trading industry. Since they were first traded in 2009 they have continually been the innovators of new ways to trade binary options and they have also been quick to add things that other online brokers were doing well too. They are a binary options broker that puts a high value on their investors’ success rate and they also back their site up with outstanding customer service too.

Basic information:

Online since: 2009
Jurisdiction: BVI
Software: SpotOption
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $300
Minimum Investment: $10
Maximum Investment: $1000
Currencies: USD, AUD, EUR, GBP
Mobile: Yes
Countries: All but Israel, Iran and USA

Pros:

− Bloombex Options is a very experienced binary options broker
− They can be traded in most every country around the world except the USA, Iran and Israel
− They have an outstanding variety of excellent learning tools
− Every trader is assigned a personal account manager
− Islamic Faith based accounts
− Can make deposits and withdrawals cheaply with PayPal and Skrill

Cons:

− No demo accout available

7 Binary Options Rating:

4,5 stars

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Bloombex Options Special Features

One of the best things about the Bloombex Options binary options broker is that they do a great job of educating their brokers to help them be more successful. They do this by supplying a variety of innovative learning tools such as e-books, video tutorials, online webinars and a variety of other tools that will help increase your binary options trading knowledge. These learning tools cover everything from technical chart reading to fundamental analysis techniques.

They are also one of the few brokers that provide 100% Islamic trading accounts that take into account the requirements for traders of the Islamic faith. These accounts follow all the strict rules of Sharia Law.

There are also several types of promotions that Bloombex Options offers to those who trade with them. These consists of such unique promotions as a ‘Risk Free First Week’ where all losses that a new trader experiences in the first 7 days of trading are cheerfully refunded up to the amount of the initial deposit.If a new account holder deposits more than $2000 to start with, then they will immediately be able to receive free trading signals which will help them maximize their profits or you can also read our binary option robot review.

Bloombex Options also likes to give those that trade with them some nice bonuses from time to time. An example of this is a welcome bonus for new customers which can be as high as 100% depending on the amount they first deposit in their account. Those types of bonuses are not much different then somebody coming up to you on the street and handing you some money and they are always nice to have. Keep in mind that like many other brokers the bonuses given have trading terms attached to them and Bloombex Options is no different in this respect; you will have to trade 27 times the amount of your initial deposit in order to withdraw any bonus money you were given.

Bloombex Options Trading Platform and Assets

One of the things that really stood out when we reviewed this web broker was their outstanding trading platform. Bloombex Options chose wisely when they selected the ultra-popular SpotOptions trading software to build their trading platform around. It is software that is not only time tested as being one of the best available but it is also constantly being improved and updated. SpotOptions software gives web brokers such as Bloombex Options a lot of variety and flexibility to create some amazing binary options websites for their account holders to trade on. Web broker trading platforms are expected to provide each of their investors with a pleasant trading experience and the one on Bloombex Options certainly does that.

For starters Bloombex Options offers a large variety of binary options that you can trade on. Here are a few of those:

  • High/Low Options

These are one of the more traditional types of options where you just predict whether an assets price will trend up or down before the trade expires.

  • Long Term options

These are perfect for those traders that do a better job at predicting asset price trends over a longer period of time.

  • One Touch options

These are options where an asset has to reach a certain price point only once during the entirety of a trade until expiration. They can produce extremely high returns on investment.

  • Ladder Trades

These are some of the highest earning types of binary options. They are trades where there are different asset price levels that must be met during the duration of the trade until expiration.

The platform also allows traders to monitor the results of other successful traders so that you can ‘mimic’ their trades if you want to. This can be a great tool for beginning investors until they get a little more confidence trading on their own.

The website also offers its many users a convenient mobile app to trade with. This is a great way for binary options investors to no longer be limited to trading when they are sitting in front of their computer. The mobile app has over 20 stocks, 12 matched currency pairs and 7 commodities that can be used for trading on it.

Screenshot

Bloombex options

Bloombex Options Support Services

There is nothing special about Bloombex Options customer support because they use only ordinary channels through which to do it but the service reps themselves are outstanding at what they do. Investors have the ability to contact customer support by phone, e-mail and live chat. They also can answer questions in such languages as English, German, Spanish, French, Russian, Dutch, Arabic and Turkish. The phone support has toll free access numbers from such countries as Australia, Russia, the Netherlands, Canada, the USA, Turkey, Germany, the United Kingdom and France. Support is available from 6:30 – 22:00 GMT.

During this review we contacted Bloombex Options customer support team using the live chat service and we were very pleased with the results. The customer service person responded to our question promptly and gave us an answer that was both informational and professional.

Bloombex Options Banking

Banking with Bloombex Options is designed to be both safe and secure. It is among the web brokers with the best banking policies for an unregulated website. Accounts are segregated to keep them safe and Bloombex Options does everything in their power to protect their traders’ sensitive personal and financial information.

The minimum deposit for this broker is $300 and there are several different payment methods you can use to make the deposit. They accept such forms of payment as Visa, MasterCard, Bank Wire Transfer, Skrill Moneybookers, CashU and even Paypal. This gives this broker a lot of ways for their investors to make deposits and by using PayPal and Skrill they will save some of the withdrawal and depositing fees that other payment and withdrawal methods tend to charge. A trader having a lot of options when it comes to deposits and withdrawals is a great thing.

The withdrawal minimum starts at $100 and one of the things we did not like about Bloombex Options is they seem to have a lot of different withdrawal fees; although this is not unique in the binary options trading realm, we feel they should take a closer look at this and modify it a little. Here are their withdrawal fees below as of this writing:

Bank Wire Transfer withdrawals – $15

Credit Card Withdrawals – 3.5% fee on withdrawals

PayPalwithdrawals – 3.4% + 3.4% + $0.5 SGD

Moneybookers/Skrill withdrawals – 3% fee on withdrawals

What do we think?

We would not be telling you the truth if we said we did not like this web broker. We feel they have a lot more positives going for them than they did negative things. It is a broker that operates a trustworthy and secure website that has enough learning tools to improve both novice and experienced investors’ binary options trading skills. Inshort we have to give this very thorough binary options broker a big thumb up when it comes to how they run their website. We encourage any trader that is looking for a new or different broker to give Bloombex Options a try.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Italian, Russian, Dutch, Japanese, Arabic, Turkish
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options, ProFollow
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 3 0 second, 60 second, 2minutes, 5minutes, 15 minutes, 1 hour, End of the Day, End of the Week, End of the Month, 30 day and 150 day
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, Paypal, CashU
Withdrawal Time: 3-5 bank days
Demo account: No

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References and Further Reading:

  1. How to make experience your company’s best teacher (Kleiner A , Roth G-1997)
  2. The Career Is Dead–Long Live the Career. A Relational Approach to Careers (Douglas T.; And Others-1996)
  3. Is Experience the Best Teacher? The Potential of Coupling Classroom and Community-Based Field Experiences (Margaret A. Gallego-2001)
  4. Method and data processing system for managing a mutual fund brokerage  (Adrian S. Leemhuis-2002)
  5. Auctions and Bidding on the Internet: an Assessment (Efraim Turban-2006)
  6. Controlling the order in which content is displayed in a browser  (Walter G. Bright-2003)
  7. System and method for providing customers with seamless entry to a remote server  ( Robert Rosko, Kumar Ampani-2008)
  8.  New insights on internet streaming and IPTV ( Zhen Xiao, Fan Ye-2008)
  9. Businesses as Buildings: Metrics for the Architectural Quality of Internet Businesses (Jinwoo Kim, Jungwon Lee, Kwanghee Han, Moonkyu Lee-2002)
  10. Brokerage system and method  ( Vincent Dicks, Steven Dantus, Richard Lindsey, Benneth Egeth-2002)
  11. System and method for wireless data performance monitoring  (Brian Moran, David A. Feinleib, Charles Mount-2004)
  12. System and method of automated brokerage for risk management services and products (Francis Sweeney, Vincent Farina-2002)
  13. Responses to Disruptive Strategic Innovation (Constantinos D. Charitou and Constantinos C. Markides-2003)
  14. Does the New Trade Theory Require a New Trade Policy? ( Paul Krugman-1992)
  15. International Trade Policy for Oligopolistic Industries (Avinash Dixit-1984)
  16. Trade-Offs? What Trade-Offs? Competence and Competitiveness in Manufacturing Strategy (Charles Corbett, Luk Van Wassenhove-1993)
  17. Linking Trade and Productivity: New Research Directions (James R. Tybout -1992)
  18. Trade Liberalization and Growth: New Evidence (Romain Wacziarg and Karen Horn Welch-2008)
  19. Trust And Managerial Responsibility (Edward Soule-2015)
  20. Salesperson Bonuses and Their Impact on Residential Property Price and Time on Market (Ken Johnson, Randy Anderson, Justin Benefield-2004)

7 Binary Options review: Bloombex Options : 4,5 stars.

John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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