Bloombex Options Review
Bloombex Options ReviewFebruary 1, 2014
Bloombex Options is one of the newest Spotoption-powered brokers offering up to 81% return on standard digital options, as well as the classic 60 second options and lightning-fast withdrawals to a wide variety of electronic wallets such as Moneybookers and Paypal.
Registering was a very simple and user-friendly process. When I completed filling out my name and address I was immediately approached by a customer support agent who asked my if I needed any assistance, so that made me feel very comfortable.
- Minimum Deposit: $/€/£200
- Bonus: Up to 100%
- Minimum Withdrawal: $/€/£100
- Withdrawal Fee: $25
- Minimum Trade: $/€/£10 (with 60 Second options)
- Demo Account: No
- Expiry Rules: (Bid + Ask)/2
Spotoption is the leading binary options platform available today for brokers offering financial trading services.
Trading is available on android as well as IOS through the APP Store. Various devices such as smartphones, tablets, and Ipads are supported.
Assets (Partial List):
Stocks: Microsoft, Apple, Google, BP, Nike, Pfizer, Citigroup, Teva, Unilever, Starbucks, Vodaphone, Deutsche Bank, Amazon, Facebook, JPMorgan, Disney, Goldman Sachs, AIG, IBM, McDonald’s.
Commodities: Corn, Platinum, Sugar, Coffee, Wheat, Gold, Silver, Oil
Currency Pairs (Partial List): Bitcoin/USD, NZD/USD, USD/CHF, AUD/USD, EUR/GBP, EUR/JPY, USD/JPY,
Indices: Ibex, Nifty, NIKKEI 225, Tel Aviv 25, Nasdaq, S & P 500, Hang Seng, Kuwait, Dubai, Qatar, Tadawul, CAC, DAX,
Digital Options: Standard up/down or above below format of trading. Just guess the right direction and your contract will expire in the money.
Options Builder: Customize your own trades with Option Builder. You can manage your risk by choosing the assets and investment amounts, as well as expiry times, and risk versus profit ratio.
The advantages are clear, you can adjust your level of exposure according to the amount of risk you wish to take.
One Touch: This is an incredibly high risk/high reward instrument where you can potentially make as much as 500% ROI. Its not for amateurs, however if you have prior knowledge you can use it if you think the price of an underlying asset will peak beyond a certain level sometime in the future, but you’re unsure if the higher price will sustain itself. You can do this during the weekends if you like Sunday trading.
60 Seconds: Obviously the most popular trading tool, loved by seasoned as well as novice traders looking for a quick trading rush. It’s basically a 1 minute contract which behaves the same way, only with shorter expiration times.
Bloombex Meta: This feature allows you to get a different view of the trading panel. There is also a buyout zone which allows you to sell your positions for a fee. If you feel you are about to lose a trade you have the option of dumping it, however, I don’t recommend this as a standard course of action since this will end up costing you a lot of money.
Promotions, Bonuses, and Incentives:
Deposit $200 -499$ – get 30%
Deposit $500 -1,499$ get 70%
Deposit $1,500 or over and receive 100%
VIP Club: Bloombex Options VIP’s are handled by personal account managers. They receive daily market analysis sent to their email, increased bonuses, and faster withdrawal times.
Banking: This broker accepts all major credit cards such as Visa, Mastercard, Diners Club, American Express (Amex), Solo, Switch, and Maestro. Additionally,Moneybookers (Skrill) and Paypal is accepted as a deposit and withdrawal method.
Customer Service: The support and staff offer impeccable service. I personally funded my account with Paypal, and was immediately referred to the trading floor manager for an introductory course on binary options which included free instructional material and initial guidance by a trained analyst who helped me develop a trading strategy and explained some money management techniques.
Conclusions & Recommendations: Bloombex Options is definitely a rising star and a has made a strategic decision to apply for a CySec license like Banc De Binary and 24Option. Any move towards regulation is probably a smart decision, however for the time being US traders looking to avoid a scam and find an honest broker are welcome. Highly recommended, rating is 9.8/10