Bloombex Scam Review


Throughout the Internet, you can find hundreds of brokers offering their binary options. However, it is substantial not to become deceived by scam brokers. One of such brokers that you must be aware of is Bloombex options scam. Why? Our review is about to explain this.
Min. Deposit: $250            Demo: Yes

Platform: SpotOption        Bonus: N/A

Regulation: N/A                  US Clients: Yes

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Bloombex scam review: About the Company

Well, Bloombex belongs to the type of brokers that promise too much and never do what is expected from them. They claim to have one of the best binary options being most advanced etc. In fact, it is just a scam. It was really difficult to find verified information about the company. We know that it was founded in 2009 and owned by Bloombex Ltd., however other sources name other years like 2010 and even 2014. Same uncertainty with the precise location or headquarters.

Bloombex review

On the website European Support Center is located at: 20-22 Wenlock Road, London N1 7GU, UK. But, many other sources state that they have headquarters on Wilhelm-Raabe-Strasse 12, in Dusseldorf 40470, Germany. With such vague info, how this broker can be trusted? A rhetorical question. Furthermore, our Bloombex review found out that this broker is not regulated by any official body or institution. No license means no trust, especially when it is about trading your hard earned money.

Even though they accept US clients, this matters nothing. There is a chance for a bonus of 30% for each deposit made.

Technically, that is all what we can discover about the company. Such insufficient information makes us feel bad about this broker. It has nothing special to offer traders or to meet their needs. Education opportunities are at least mediocre if not worse.

There are also extra features like Market Review or Economic Calendar.

Bloombex options scam: Trading Accounts

There is no wide choice of trading accounts at Bloombex scam. This means a poor approach to satisfy all types of customers with no special features. The only thing that Bloombex has is the requirement of a minimum deposit of 200 USD or 200 EUR depending on which currency the trader has preliminarily chosen for the trading account.

Bloombex options reviews: Trading Platform

Bloombex review discovered that here you are offered 7 types of binary options which is not bad actually. But remember that you are dealing with the scam broker. Thus your chances to win are significantly reduced. Still, let’s take a look what those types represent:

  • Binary Options
    Simple BO. You choose the asset, set the expiration time. Afterwards you choose the amount of money you would like to invest and make a prediction.
  • One touch
    You select an asset and just set the amount of money you desire to invest. One touch means that you predict that the price of a particular asset will reach the predefined level. If your prediction is correct, you receive profit.
  • 60 seconds
    Same binary options, but with the expiration time of 60 seconds.
  • Pairs
    You select a pair of assets, set the expiration time etc. Then you trade this pair.
  • Ladder
    Well, a ladder trading option is actually a strategy that BO traders use to lock-in their profits as prices vary and move above and over particular price levels. Indeed, first of all  you must predefine those levels.
  • Forex
    Same BO, but involves trading currencies as assets.

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Bloombex option: Trading platform

Bloombex scam has an ordinary, not even customized SpotOption trading platform. We at BinaryOptionsHub love SpotOption as it is easy and intuitive, but not in case of scam brokers. It is necessary to admit that the platform is 100% web based, so you do not have to download some kind of software.

One huge disappointment is that Bloombex does not offer a demo account for options traders. Thus, you will not have any chance to verify the functionality of the platform, unless you invest real money.

Bloombex scam

We should outline 2 specific features that Bloombex platform has. The first one is Double up – with this feature a trader create another trade with the identical trading conditions prior to expiry of the trade. Thus, the trader doubles up on the same trade

The total number of assets is 111, which can be very confusing for new traders. It is better to offer good quality, rather than big quantity. But Bloombex is not interested in that. Scam brokers have only one aspiration – unfair personal enrichment, so avoid this broker and its platform.

Is Bloombex options a scam?: Deposits and Withdrawals

As all scam brokers, Bloombex has developed a good system of deposits and withdrawals. Money is the most essential interest for this broker. So how basically one can deposit and withdraw? Our Bloombex options review will answer.

The deposit methods are the following: debit/credit card (like MasterCard and Visa), PayPal, Wire Transfer, MoneyBookers.

Withdrawals are necessary to make via the same way which the funds were deposited. They claim to withdraw the money after receiving your documentation beforehand. This process can be lingering a bit and take up to 7 business days.

Indeed, there are some withdrawal fees: credit card 3.5% fee, PayPal 3.5% fee, MoneyBookers 3.5% fee, Wire Transfer 15 USD fee.

However, we at BinaryOptionsHub highly recommend not to deal with this broker at all, as you can simply become the victim of the deceivers.

Bloombex Customer Support

Bloombex customer support is mediocre. Although the website operates in 10 foreign languages, it does not mean that Bloombex can be trusted. It has created an image of  good customer support in an attempt to simply confuse traders.

Bloombex Option

Bloombex options review outlines that the means of communication are the following: email, phone numbers and that is actually all. The live chat is not available most of the time.

Bloombex: Opening an Account

At Bloombex you do not have go through complicated registration. Instead, there is a short and general one. This means that broker is not interested to know whom it deals with.

Bloombex Options Scam

Bloombex Options Scam Conclusion

We do not consider that Bloombex option is even worth your money, time and attention. There are many other, more proficient brokers. For instance, 24Option – do not wait, sign up!

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Bloombex Broker