2017 Update: Bloombex is no longer accepting new customers. Steer clear of this broker, and see our approved list of brokers below.
Bloombex Options are a binary options broker that have been in the market for a long time, having been established in 2009. With their jurisdiction in the British Virgin Islands, this experienced broker allows traders from most countries around the world to register with their site, with the exception of Israel, Iran and the USA. This broker is known for their excellent choice of educational resources and with payouts of up to 85%, they represent a good choice for both new and experienced binary options traders. If you are looking for a new broker or are making your first forays into the financial markets, this Bloombex Options binary options broker review will give you all of the essential information that you need to make up your mind about whether this is the right provider for your needs.
Bloombex Options Account Types and Trading Options
Bloombex Options only have one account type to suit the needs of all traders. This makes registering for and opening an account very simple, especially for new investors, and there are plenty of bonuses and rewards offered to all clients as added incentives to begin and continue trading with this broker. There are also affiliate programmes offered by this broker such as the Refer A Friend reward. Bloombex Options cater for the needs of Muslim traders by offering a Sharia Law compliant Islamic account, however there is no demo account available which can be a drawback for those who prefer to try out the trading platform before making a financial commitment. The variety and number of assets offered by this broker is very good, with more than 100 assets available for trading through the browser based website. These include stocks from popular worldwide companies and a wide selection of tradable commodities.
Bloombex OptionsTrading Platform
Bloombex Options have adopted the exceptionally popular SpotOptions trading software for use as their trading platform, meaning that the software that powers their interface is among the best available on the market at the present time. With constant improvements and updates, SpotOptions software allows brokers likes Bloombex Options the flexibility and variety that they need to make a high quality website that will not only be user friendly but appealing for users.
There are plenty of option types to choose from as well as classic High/Low options, including Long Term trades, One Touch options and Ladder trades. There is also a useful tool which enables new investors to gain confidence in their skills by monitoring and mimicking the trades of more experienced investors. The platform is available through the PC or via a handy mobile app, meaning that those on the move can also check their assets without having to be tied to their home or office computer. The mobile app has plenty of available tradable assets to select from including more than 20 different stocks, 12 currency pairs and 7 commodities.
The Bloombex Options site offers investors plenty of educational resources including video tutorials, webinars and e-books to help novices gain a foothold in the financial markets. A broad spectrum of topics are covered from fundamental analysis to how to read technical charts. Even experienced traders will be able to make use of the many and varied courses on offer here.
Bloombex Options Customer Support and Deposit and Withdrawal Options
Bloombex Options supply all of the major expected channels by which users can contact the support team and their representatives have outstanding skills and knowledge. Customers can choose to use the telephone helplines, the supplied email addresses or the convenient live chat facility and there are numerous languages supported including Dutch, Turkish, Arabic, Russian, French, German, Spanish and English. The telephone helplines can be accessed through toll free numbers from many different countries including the UK, USA, France, Turkey, Canada, the Netherlands, Russia and Australia with support being available between 6:30 am and 10:00 pm GMT. Responses to queries are rapid and informative, helping investors with queries or issues to have their problems resolved in a timely manner.
Bloombex Options put a lot of effort into having a secure and safe banking system. They only use segregated customer accounts and protect the sensitive financial and personal information of their clients carefully. Minimum deposits are $300 and there are numerous methods by which a deposit can be made into a trading account including standard Visas and Mastercards as well as bank transfers, Skrill, PayPal, MoneyBookers and CashU. There is a minimum withdrawal limit of $100, however many withdrawal methods have fees levied upon them, including $15 on bank wire transfers, a 3.5% fee on credit card withdrawals, 3.4% + 3.4% + $0.5 SGD on withdrawals through PayPal and 3% fee on withdrawals via Skrill or MoneyBookers. Minimum investment amounts are set at $10, making this broker accessible to newcomers, with a maximum single trade amount set at $1000. There are four currencies available for use including Australian and US Dollars, Pounds Sterling and Euros.
With their emphasis on educational resources and good customer service, Bloombex Options is a particularly good choice for novice investors who are looking for extra support when first starting out in the financial markets. The range of assets available for trading is also very good and as there are plenty of ways to deposit and withdraw funds, this is also an advantage to choosing this broker. The fees that are levied on withdrawals could be a drawback however.