Bloombex Options Withdrawal

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Bloombex Options Withdrawal

Bloombex Options Withdrawal Review

An experienced and versatile broker, Bloombex Options is one of the leading companies which deal both with Forex and binary options trading. They are very proud of the fact that they have over 100,000 clients who conduct business with them on regular basis and who have recognized that the type of service offered to them by this broker is exactly what they need. These clients form a tight community which Bloombex constantly tries to expand, so they will give out bonuses to people who manage to refer a friend to open an account on their website. There are, obviously, many features of this broker which deserve our attention, you can learn more about them in our Bloombex Options Review, but in this article we will focus on a detailed analysis of the way Bloombex Options withdrawal system operates, how efficient it is and what can traders expect once they file in a demand to receive their money back.

Bloombex Options Withdrawal Review | Minimum withdrawal

As is the case with all other brokers, this broker needs you to fulfill certain conditions when you are making your Bloombex Options withdrawal. The most important among them is the minimum withdrawal amount which varies from method to method. For example, if you want to withdraw the money via credit card or an e-wallet, the minimum amount is $100, but if you want to do it via bank wire the amount is $250. It should be said here that the possibilities for Bloombex Options withdrawal are really quite numerous because apart from the credit cards and bank wires, you have four different e-wallets at you can use – CashU, Skrill, Moneybookers and PayPal. We should mention here that the credit (or debit) cards accepted are Visa and MasterCard. If you have suddenly changed your mind and wish to cancel your Bloombex Options withdrawal, you will have absolutely no problems in doing so. Even if your request is in the middle of being processed, all you have to do is send them an e-mail or just contact them by phone and tell them not to process your request. It’s a very easy and useful option to have, especially if you are out of funds in your account, but want to continue trading anyway. There are also some fees involved with certain withdrawal methods. For example, withdrawing with your credit cards will mean that you have to pay a 3.5% fee, just as if you withdraw your money via PayPal or Moneybookers. Other e-wallets do not require a fee to be paid, and for wire transfers the fee is set to only $15. Bloombex Options Minimum Deposit is very similar to this, but you can read more about it in the link.

Bloombex Options Trading Platform

Bloombex Options Withdrawal Review | Procedure

In order to successfully withdraw your money, you will need to prove your identity to the broker with some personal documents, so that the broker has a clear idea who exactly is receiving the money. This is not something specific for Bloombex Options withdrawal process, but a normal procedure in which all traders have to do, no matter which company is their broker.

You start by filling in and sending a withdrawal which is found on the broker’s website and then you can send your documents either by e-mail or by fax once you have established an account. The first thing you need to send is some kind of picture ID (passport, driver’s license etc.). After that, you will need to confirm your address and you can do that by presenting something as simple as a utility bill. If you invested some money via credit card, there is one extra step you have to make and that is to send a copy of the said credit card. Don’t forget to cover the number on the front of your credit card, as the broker only needs the last four digits to authorize your Bloombex Options withdrawal and the broker will surely remind you of this.

Bloombex Options Withdrawal Review | Safety

Your personal information is quite safe with Bloombex Options because they invest a lot in the technology used to protect their data. Their protection is continuously upgraded and updated, so you can be sure that you are in quite capable hands.

Bloombex Options Deposit Page

After all, when you consider the fact that it has been present on the market since 2009, you realize that it would be impossible to perform any kind of scams for that long and that their policy of safety and dedication to their customers is completely genuine.

The privacy policy explicitly states that no personal information is ever disclosed to a third party, so you can be sure that your personal data is not going to be abused because all inner traffic between traders and Bloombex Options is encrypted by SSL technology which is a standard in the industry.

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Yes, this binary options broker is quite safe. Everything else you need to know about safety is available in our Bloombex Options Scam Test.

Bloombex Options Withdrawal Review | Conclusion

Bloombex has been in this business for six years now and has gained a whole lot of experience not just in binary options trading, but in forex trading, as well. It offers some interesting and innovative features which other brokers usually lack such as being able to use PayPal to withdraw your money. You also have a decent number of options when it comes to currencies offered because you are allowed to choose between USD, EUR, GBP and AUD. These are not the only choices available to you because you choose the method of withdrawal as well, which all ads to the feeling of satisfaction with the service received. Apart from that, they are very careful when it comes to managing clients’ data and confirming their identity, so that you can be sure that their reputation is completely justified. In short they offer a reliable, safe service which has been recognized by thousands of traders from around the world and if you decide to make Bloombex your new binary options broker, you can be sure that you will receive some good service and a very fair treatment.

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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Bloombex Options Review

Bloombex Options

Broker Bloombex Options
US Traders Accepted
Company Name Lembex Global Investments
Headquarters Singapore
Regulation No
Max Payout 75%
Out-of-Money Reward 5%
Trading Platform SpotOption
Deposit Options Credit/debit cards, CashU, wire transfer, Skrill, Paypal, Liberty Reserve
Deposit Currencies US Dollar, Euro
Minimum Deposit $200
Minimum Trade $100
Maximum Trade $1,000
Online Since 2009
Trading Instruments Forex, Commodities, Stocks, Indices
Number of Trading Instruments 65
Binary Option Types Call Option,Put Option, One Touch, Option Builder
Customer Support Types On-line chat service (not working), e-mail support (e-mails bounce back), telephone calls to their UK office, international fax
Education Offered Demo tutorial
Tools Offered Daily Market Review, Weekly Market Review
Commission
  • Credit card – 3.5% fee on withdrawals
  • CashU – no fee
  • PayPal – 3.4%+ SGD0.50 fee on withdrawals
  • Skrill – 3% fee on withdrawals
  • Liberty Reserve – 1% fee on withdrawals
  • Wire transfer – $15 fee on withdrawals
Languages English, French
Demo Account No

When someone logs on to the Bloombex website, the first thing can be noticeable will be their website’s speed, which is very slow. Moreover, if you will try to contact through their Online Chat, you are going to receive the message, “Sorry, we are not available now”, while they claim to offer 24-hour Live Chat Support. Things can be even worse when you will find your e-mail sent by you to their support team will bounce back to you. These are the key issues that critically raise questions about the reliability of Bloombex. An Options Broker’s support team should always remain accessible to its trader and when a trader will fail to reach them, he will think twice before doing business with them.

If an investor is not discouraged by these issues, he can surely be attracted by their platform SpotOption, which is reliable and well-known in the Options Trading sector. The platform is completely web-based and there is no need to download or install any software. Founded in 2009, Bloombex is headquartered in Singapore and they support two languages – English and French. They have several deposit and withdrawal modes. Interestingly, one can withdraw the money in the same mode in which he had deposited it.

Trading Choices

They have over 50 trading instruments with a potential of earning up to 75% on their regular binary options, while their OneTouch trading feature can allow you to earn up to 500% return. They allow opening an account with a minimum deposit of $200 and do not provide any demo account. The maximum trade size is $1500 while for a single option, it is only $1000. The OneTouch option seems to be a lucrative option to make money, however it is not exclusive to them and several other brokers also offer the same. The OneTouch allows investors to keep their positions open throughout the day so that one can achieve the intended payout.

Bonus & Earnings

Bloombex offers an average In-the-Money reward ranging between 65% and 75%, which is a fair earning opportunity for a successful trader. Moreover, they provide an average out-of-money reward guarantee of 1-5% which gives an indication that you barely save anything if you lose your money with them. It is something like they will take away your cash but will return your wallet for sure. As far as bonus is concerned, it is offered as a part of their promotional offers, from time to time. Their bonuses are generally limited time offers and there is hardly anyway to make sure that you are going to win a bonus from them. Moreover, they maintain a complex system of bonus withdrawal which many, at least small investors, will not find very friendly. If you wish to withdraw your full bonus amount, you need to execute a minimum trading volume of 30 times for every $1 bonus. On such a condition, hardly any investor will attempt to earn a bonus from them.

Technical Analysis

There is nothing unique or significant with Bloombex when it comes to providing technical analysis and tools to its traders. They provide Daily Market Review and Weekly Market Review to the traders so that one can assess the market movements. They also provide Expired Rates of the assets which can be very much relevant for someone who wants to use their OneTouch trading feature for making money. News by Yahoo Finance is an additional feature. However, it is again nothing something exceptional that an investor would be very excited about. Importantly, for the newbie investors, they could have offered better trading tools such as historical data and multi-directional charts. The unavailability of fine trading tools with them seems to be a major setback and can be a deterring factor for many new binary option trading enthusiasts.

Learning & Support

As mentioned above, they do not provide any demo account, but have a Demo Video tutorial explaining everything about opening an account with them and how to trade with them. Newbie traders can consult their Glossary section to learn more about Options Trading and also about their platform. Their FAQ page too is recommended to learn about Bloombex platform in detail and how to fund your account and how to start trading. But their support part seems to be horrible, as neither their Online Chat nor their e-mail seems working. The only sure option to get in touch with them could be to make calls to their UK phone number. They have their Head Office in Singapore but surprisingly, they haven’t given any phone contact of their Singapore Office. The Fax number given on their contact page is again a UK number.

Conclusion

There are several questions that point out why anyone would be interested in doing business with them. The major question revolves around their accessibility, as both the chat support and e-mail seem not working. Moreover, they have just one UK phone number to contact them. Secondly, they do not provide a demo account. They have kept their minimum deposit amount as $200, while there are so many brokers who allow account opening with as low as just $100. This is certainly a discouraging factor for newbie investors, no demo account and $200 minimum deposit. Besides, their bonus scheme could be a major deterring factor for many traders, which seems to be less promising and more difficult to attain. And above all, their out-of-money reward of 1-5% can force any trader to think whether he is going to get back something if he loses while trading with them. However, their One Touch trading feature may appear attractive to several investors, but again there are several other brokers in the industry, offering such a trading feature to their investors.

Bloombex Options , 3.2 out of 10 based on 10 ratings

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