Bloombex Options Broker Review

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Bloombex Options Review

Bloombex Options is a veteran among binary options brokers. It has been around since 2009 and was one of the first brokers in the market. They use SpotOption’s reliable platform and they offer a wide range of tradable assets. They also take customers from the USA, Singapore, Japan, Israel and from almost all other countries. Bloombex is not licensed by CySEC or any other regulatory body like Malta Gaming Authority but that is not an issue, since Bloombex is one of the most reputable broker sites there is. They are, for example, offering risk free trades with bigger upper limits and with better terms than almost any other broker. You can also use the binary option robot signal services with Bloombex.

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  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

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    Bloombex Options Full Video Review

    To open an account in Bloombex click the button below the video

    Bloombex Options in a Nutshell:

    • Platform: SpotOption
    • Founded: 2009
    • Bonus: Up to 100%
    • Average return: 70-85%
    • Maximum profit: 85% (One touch 550%)
    • Minimum deposit: $1,000
    • Tradable assets: 100 plus
    • US traders: Accepted
    • Minimum investment: $20
    • Maximum investment: $3,500
    • Expiry times: 60 seconds, 5 minutes, 15 minutes, hourly, daily, weekly, end of the month and end of the year
    • Deposit options: Multiple credit cards, Visa, Mastercard, bank wire transfer, Paypal, Skrill and Moneybookers

    Bloombex Possibilities

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    Bonuses

    Bloombex offers bonuses up to 100% for the first deposit bonus. The minimum deposit needs to be quite high, $1,000 at least, but you are able to participate in a campaign where you get to trade for one week risk free that will compensate this a little bit. It means that every trade made within that first week, the trader collects the winnings and profits as usual, but in case of losses Bloombex will credit your account back to the initial deposit size (up to $ 5,000). This is a huge benefit worth thousands of dollars and allows traders to start investing with full intensity right from the beginning. Within a week, you can make a lot of trades and as your possible losses are taken care of, you can only make profits within that time. A bonus will have to be circulated 27 times to be able to be withdrawn. This a regular condition among brokers.

    Demo Account

    At this moment Bloombex is not offering demo accounts but the first week of risk free trades is actually an even better way to go. In the same time that you would practice with a play money account you can make actual profits without the risk of losing any money on trades. During the first seven days all losses are fully refunded up to the amount of your initial deposit. This seven day period is definitely a better option than just training with a demo account.

    Features of the Broker site

    The number and variety of assets is about average for the sites that we have reviewed. Bloombex offers over 100 tradable assets including the stocks of the most well-known companies around the globe and indices from various industries of different stock markets. Their list of tradable commodities is wider than average including the basic ones such as gold, silver and oil but also some that are rarely seen such as wheat, platinum, sugar and coffee.

    Bloombex has added some features to the platform that not all brokers are providing. With ladder and one touch options possible return rates can rise as high as 550%. Ladder option trading is somewhat more complex but with a good strategy the profits of this option type can get even higher than with one touch. (If you want to learn more about trading strategies I recommend you have a look at our binary options advanced guide.) Some brokers have limited the payout of those option types to somewhere between 200% and 300%. Knowing that, these Bloombex payouts are excellent.

    The average payouts for regular binary options are still around 80%, going up to 85%, which is a very good return rate for a single trade.

    Bloombex ladder options offer up to 1000% payouts

    Expiry Times

    Expiry times vary between 30 seconds in the “sixty second” short term category, up to the long term option category end of the year expiry. There are actually even longer term options, which expire after a year, but I do not recommend using those, since you have to tie up your funds for a such a long period.

    Bloombex Follow

    One of the most interesting features is Bloombex Follow, where top traders and their past success are listed. And you, as a trader have an opportunity to put your future trades to copy theirs, and therefore get part of their success. It is one of the most effective ways for a new trader to learn and make profits right from the get go. In my own test, I found that this works quite well (better than I expected for sure) I made a significant profit in a day, without putting any effort into trading myself.

    Bloombex Signals

    If the initial deposit is $2,000 or more, Bloombex offers a free binary options signal service to traders. Those signals are inside views from professional traders, you get to see exactly what they think of market developments and events that affect the prices of assets. Signals are helpful especially for beginners but even more experienced traders can gain confidence from those to pull the final trigger in a trade they have previously been a little hesitant about.

    How to Trade with Bloombex

    Bloombex Options trading platform is very easy and straight forward to use. Asset selection is wide enough to find assets for every situation. The only thing you need to do after that is to choose if that assets value will rise or fall and decide within what timeframe. With over 100 assets and multiple expires, the number of different variations are almost unlimited.

    Commodities list is wider than most brokers

    The SpotOption platform is one of the most used and trusted platforms in the binary options market, especially known for its reliability. Bloombex offers the following option types:

    • Regular
    • High/low
    • One touch
    • 60 seconds
    • Pairs
    • Long term
    • Ladder
    • Forex/CFD

    With Forex/CFD products there is a possibility to use leverage. The leverage can be adjusted between 1:250 and 1:500. This also increases the risk of the investment in the same ratio that it increases the possible profits. Fortunately, there is stop loss/investment that will limit the possible losses of each trade if the value of the asset is about to fall too much. Using leverage is a great way to get maximum profits from a good situation, even if you are a little short of cash.

    Forex product offer really high returns

    These features allow traders to build risk adjusted portfolios and divide total risk between multiple assets, markets and time frames. It will lead to the best possible outcome and is my preferred personal method. You should always use possible derivatives and other options that are available to hedge your portfolio, instead of putting all your eggs in one basket.

    The minimum trade is $20 and maximum is $3,500 for regular options which is higher than what most competitors are offering.

    Educational Material and Tools

    Bloombex offers eBooks, a FAQ page, a demo tour video tutorial, and trading academy web tutorials for better trading and education. In the academy, there is six courses for beginners, and eight advanced trading courses. In totally there are 15 courses for the platform, three in-depth courses, two advanced in-depth courses, a binary eBook, a platform eBook and an advanced binary eBook. Therefore, the material is incredibly wide and covers everything that a novice trader needs to educate themselves.

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    Mobile Trading

    SpotOption is known for its user-friendly mobile platform, many traders have praised its features and this is also the case with Bloombex options. With mobile platforms, you can access your account and make trades from anywhere. The Bloombex app is very handy and has a clear user interface and buttons. The mobile version can be downloaded through the App Store and Google Play and requires only the login information from when you set up your account, which must be done prior. You can easily create your account through the “Open A Free Account” button on this page.

    Bloombex mobile platform, trade on the go

    Is Bloombex a Scam or a Proper Broker?

    Bloombex is not a regulated broker. But we don’t think that is an issue as they have been around for years and have an excellent reputation among professional traders. This is a clear signal that most things have been done right. As we have been reviewing this broker we have not met any suspicious signs, instead everything seems to be done with excellence being the goal. The SpotOption trading platform is another sign of a trusted broker since they are relying on the best service provider in the industry. Our conclusion is that Bloombex is not a scam and is an excellent broker site.

    Customer service

    The site itself offers 10 language options including: English, Italian, Russian, Spanish, German, Dutch, Japanese, Arabic, Turkish and French. Phone numbers are provided for 9 countries, there are live chat services on the site in real time and there is also contact information for those who want to reach customer support and account managers via email.

    Banking

    There are several withdrawal and deposit methods including Paypal, which is one the most popular net payment solutions. Other options supported include MoneyBookers, regular wire transfers and several credit cards such as Visa, Mastercard etc. Traders pay a small handling fee for withdrawals, as usual.

    Bloombex economic calendar

    Conclusion

    Bloombex options is a trusted broker site with plenty of tradable assets, good education services and materials, and customer service and support with multiple languages. Their useful features will help traders to make better trades, examples of this are the market reviews and news section. Licensed or not, Bloombex options is not a scam broker but a trustworthy and premium broker site. We proudly recommend their services to all traders from beginners to advanced.

    Overall review we will give Bloombex options 4,5 stars out of 5 as binary options broker site.

    Open an account to start trading with Bloombex options!

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    Bloombex Options Scam Busted! Review Uncovers How To Get Your Money Back

    Once more we are ready to review a SpotOption based broker, Bloombex Options. SpotOption is suggestive of an easy to navigate website, fuss-free trade monitoring, and a highly user-friendly interface…

    The good thing about Bloombex Options is that it invites traders from all over the world. Please note that the platform doesn’t accept any trader from Israel and Iran. You can open an account with a minimum $300 deposit and the return is up to 85%. There is no limit for maximum bonus. You can invest at least $10 and less than or equal to $2500. The platform facilitates AUD, GBP, USD, and EUR.

    Are Bloombex Options scam complaints reliable? How has the broker performed over the last 8 or 9 years? We’ll reveal each and everything one by one. Let’s begin with our first segment, i.e. the background of the company.

    Bloombex Options Review Summary

    Summary: There is no doubt about it, Bloombex Options was indeed a scam binary options broker – and whilst it now appears to have closed its doors, we believe it is potentially still operating under a new name. Either way we do not recommend Bloombex Options or any other broker associated with it so we advise you steer clear of them. If you have already lost money to Bloombex Options though then keep reading to see how you can get it back.

    Quick Navigation

    Bloombex Options was a long established broker & so our investigation is likely to be quite intensive which means this review may get quite lengthy… So to make things easier for you we’ve put together some quick navigation links below which you can use to jump straight to the precise information that you came here looking for.

    Bloombex Options Background

    Pipel Capital Ltd. established Bloombex Options in 2009.

    20-22 Wenlock Road, London, N1 7GU, UK is the address that was mentioned on the company’s website. We found that it was more than a virtual office.

    Later on, E.B. Services Ltd. assumed the ownership of Bloombex Options. The address was also changed to 5th Floor, Landmark Building, 14 Tsar Osvoboditel Blvd., Sofia, Bulgaria. Another address was also listed, i.e. 4th Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, UK.

    We are pretty sure that all of the above-mentioned addresses are virtual offices because there are some other brokers who mentioned the same address lines on their websites. They also mentioned their offices in the UK as well as in Bulgaria.

    Is Bloombex Options Regulated?

    Bloombex Options was NOT regulated. The interesting finding is that they invited people from everywhere but Israel and Iran, but Bulgarian authorities never allowed them to operate. Interestingly, one of the addresses mentioned is also in Bulgaria. Contractions have always been a part of this seemingly unreliable broker.

    It was in 2020 that Cloombex Options website dropped down flat and hard with the matter of days. Following are the reasons for the sudden death of Bloombex:

    • Consob (Italy) issued a warning against Bloombex Options on 09-03-2020
    • CySEC issued a warning against Bloombex Options on 17-09-2020
    • FINMA (Switzerland) also included Bloombex Options to its warning list on 28-01-2020
    • OCS also followed the above regulators by adding Bloombex to its warning list on 07-03-2020
    • FSC (Bulgaria) warned traders against E.B. Services Ltd. as well as Bloombex Options on 18-11-2020

    Bloombex Options Complaints

    We can easily conclude that the complaints are going to be serious, even without having a look at them. The company’s history, mentioning of fake addresses, and shifting the ownership from one company to another, are the characteristics of a non-legitimate platform.

    The website has already been blocked in various countries. Let’s complete the formality though!

    Some of the traders who used this platform have shown up by calling it a cruel instrument for stealing people’s money. They are of the view that the company was administered by scam artists who manipulated the statistics. They talk about someone sneaking in their accounts, finalizing trades, and even canceling the withdrawal requests. Wow! That’s amazing, how easy it is to just take money from people and then hold it for as long as you want.

    WARNING:

    We think that Bloombex Options hasn’t disappeared yet. We are convinced that Bloombex and VirtNext were managed by the same scam artists. Apple Bot is another scam operated by the same team. It forces us to confidently anticipate the introduction of another scam by the same team. Maybe, it’s already there with a new name as there are dozens of unregulated brokers busy in throwing the bait.

    Bloombex Options Withdrawal

    The scam managers attracted the traders with a lucrative taste, PayPal, the payment option we don’t usually see with binary options brokers. The only restriction was that you could not withdraw anything more than the deposited amount (through PayPal).

    The reviews from various traders reveal that it had been virtually impossible to successfully withdraw your funds from Bloombex Options account. The website is down so we don’t know much about its withdrawal policies other than the minimum withdrawal limit that was too high, i.e. $100.

    Is Bloombex Options a Scam?

    Obviously! Bloombex Options scam has been one of the ugliest yet successful adventure from these modern day pirates. All major regulators had already issued warnings against the platform. The good thing is that website has gone, the platform has disappeared and no trader will lose his/her money on this website, and the bad news is that these are habitual scammers, they strike back like a serial criminal and they are surely performing a new illusion hiding behind a new mask.

    Our Verdict on Bloombex Options

    All we can recommend is to avoid thinking about making too much money without really having to do anything. There are so many scammers, one disappears and ten new emerge from nowhere. There is no point in warning against a particular name, website, logo, brand, or a software. You have to follow a set of strict instructions.

    • Reject anything that is unregulated regardless of what if promises
    • Turn hard, harsh, and cold as soon as you receive a cold call especially telling you about a get-rich-quick opportunity
    • Consult the professionals, trust those who can prove their expertise, seek guidance from the real traders with a history of successful trading.
    • Turn a deaf year to anybody talking millions all the time, they are just daydreamers

    Get Your Money Back From Bloombex Options

    Have you fallen victim to the Bloombex Options scam prior to landing at this review? Obviously that is not ideal, but with the help of our free money reclaim guide we believe you stand a firm chance at getting your money back.

    Our guide has helped thousands to date & it outlines the exact steps that you can take to get your money back from the hands of binary options scammers like Bloombex Options so we highly recommend you check it out.

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