Bloombex Options Ratings
Bloombex Options is a veteran among binary options brokers. It has been around since 2009 and was one of the first brokers on the market. They are using Spotoption’s reliable platform and they are offering wide range of tradable assets. They are also taking customers from USA, Singapore, Japan, Israel and from almost all other countries. Bloombex is not licensed broker by CySEC or any other for 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 limit and with better terms than almost any other broker. You can also use the binary option robot signal services with the Bloombex.
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%
- Return on average: 70-85%
- Maximum profit: 85% (One touch 550%)
- Minimun Deposit: $1000
- Tradable assets: +100
- US Traders: Accepted
- Minimun investment: $20
- Maximum investment: $3500
- Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, end of the month, end of the year
- Deposit: Multiple credit cards, Visa, Mastercard, Bank Wire, Paypal, Skrill, Moneybookers
Bloombex offers Bonus up to 100% first deposit bonus. The minimum deposit needs to be quite high $1000 at least, but you are able to participate in a campaign where you get to trade a one week for risk free that 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 huge benefit worth of thousands of dollars and allows trader to start investing with full intensity right from the beginning. Within a week you can make a lot of trades and when possible losses are taken care, trader can only make profits within that time window. The bonus will have to be circulated 27 times to be able to withdrawal it out. This a regular term among brokers.
At this moment Bloombex is not offering demo account but the first week of risk free trades are actually even better way to go. In the same time that you would practice with play money account you can make actual profits without the risk of losing any money on trades. During the first 7 days all losses are fully refunded up to the amount of initial deposit. This 7 day period is definitely a better option than just training with demo account.
Features of the Broker site
The number and variety of assets is around average within the sites that we have reviewed. Bloombex offer over 100 tradable assets including the stocks of most well known companies around the globe and indices from various industries from different stock markets. Their list of tradable commodities are 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 rate can rise as high as 550%. Ladder option trading id somewhat more complex but with a good strategy the profits of this option type can get even higher than with the one touch. (If you want look more about trading strategies I recommend to looking our binary options advanced guide.) Some brokers has limited the payout of those option types to somewhere between 200 and 300 per cent. In that light these Bloomberx payouts are excellent.
The average payouts for regular binary options are still around 80% and up to 85% which is very good return rate for a single trade.
Expiry times vary between 30-300 second in a “sixty second” ,the short term category, up to the long term options category’s end of the year expiry. There is actually even longer term options, which expires after a year, but I do not recommend using those, since you have to tie up your funds for a such a long period.
One of the most interesting features is Bloombex Follow, where top traders and their past success are listed and their. And you, as a trader have an opportunity to put your future trades to copy theirs, and therefore get part of their success. Is is one of most effective ways for a new trader to learn and make profit right from the get go. In may own test, I found that this really works quite well ( better than I expected for sure) I made a significant profit in a day without putting any effort into trading myself.
If the initial deposit is $2 000 or more Bloombex offers free binary options signal service to traders. Those signals are inside views from professional traders, you get to see exactly what they think of the market development and events that affect prices of assets. Signal are helpful especially for beginners but also for more experienced traders can gain confidence from those to pull the final trigger in a trades they previously were a little hesitant.
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. Only thing you need to do after that is to choose if that assets value rise or fall and decide the suitable timeframe. With over 100 assets and multiple expires, number of different variations are almost unlimited.
SpotOption platform is one of the most used and trusted platforms in a binary options scene, especially known for it reliability. Bloombex offers following option types in it:
- 60 seconds
- Long Term
With Forex/CFD products there is possibility to use leverage. The leverage can be adjusted between 1:25 and up to 1:500. This also increases the risk of the investment in 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 goo situation, even if you are a little short of cash.
These features allow traders to build risk adjusted portfolio and divide total risk to multiple assets, markets and time frames. It will lead to best possible outcome and is my personal preferred method. You should always use posssible derivatives and other options that are available to hedge your portfolio, instead of putting all the eggs in one basket.
Minimum trade is $20 and maximum is $3,500 for regular options which is higher what most competitors are offering.
Educational material and tools
Bloombex offers e-Book, FAQ page, demo tour video tutorial, and trading academy web tutorials for better trading and education. In the academy there is 6 courses to beginners, 8 advanced trading. Totally 15 courses for the platform, 3 for in- depth courses, 2 advanced in-depth courses, binary e-Book, platform e-Book and advanced binary e-Book. Therefore, the material is awesomely wide and covers everything that beginner trader needs to educate himself.
If all the learning and reading through the materials is not what you are looking for, there is a fully automated option available: binary option robot ,which will help you to trade more profitably with less work. The Real Robot , best auto trader software on the market, will do automated trading according to given parameters. This helps you to handle your tasks quicker and trade even when you cannot access to computer or do not have time to make trades manually, now this awesome options trading software is available completely free for all our readers.
Claim your free robot now by clicking on the button below and learn how you can make money while you sleep!
Check also these free auto trader robots:
SpotOption is known for it’s user-friendly mobile platform, many traders have praised it’s features and this is also the case with Bloombex options. With mobile platform, you can access your account and make trades from anywhere. It is very handy and has clear buttons and user interface. Mobile version can be downloaded through the App Store and Google Play and requires only the login information which must be done before. Those are easy to create through the “Open Free Account” from our site.
Is Bloombex a Scam or a Proper Broker?
Bloombex is not regulated broker. That is for sure but we don’t think that is an issue as they have been around for years and and have excellent reputation amoung professional traders. This is a clear signal that at least most of things have done right As we have been reviewing this broker we have not met any suspicious signs, instead everything seems to be made with excellence on mind and. SpotOption trading platform is another sign of a trusted broker since they relying on the best service provider on the industry. Our conlcluion is that Bloombex is not a scam but excellent broker site.
The site itself offers 10 language options including: English, Italian, Russian, Spanish, German, Dutch, Japanese, Arabic, Turkish and French. Phone lines are provided from 9 countries, live chat serves on the site in real time and there are contact information also to those who want to reach customer support and account managers for email purposes.
There are several withdrawal and deposit methods including Paypal, which is one the most popular net payment solutions. Also MoneyBookers is supported and regular wire transfer and several credit cards such as Visa, Master etc. Traders pay a small handling fee for withdrawals as usual.
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, example of this is 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 beginner to more advanced ones.
Overall review we will give Bloombex options 4,5 stars out of 5 as binary options broker site. [yasr_overall_rating]
Open an account to start trading with Bloombex options!
Read other broker reviews:
Written by Michael Allen