Our Bloombex Options review takes a look at this relatively little-known binary options broker to find out if they can compete with the best in this fiercely competitive industry. Most of the time we only review brokers which have either distinguished themselves in some way, or have at least some level of popularity. Bloombex has remained basically “under the radar” up to now though. But when we accidentally came across their website while browsing brokers, it caught our interest with its polished look. Upon taking a closer look, we decided that we would like to open up an account to review this curious broker and see what they have to offer. So that is just what we did. We deposited $200 and traded on our Bloombex account for a bit under 30-days before closing it out to test their withdrawal procedure and timing.
Bloombex-Options Review General Information
Bloombex Website: http://www.bloombex-options.com/
Officially Launched: Late 2010
Accepts US Traders: Yes
Minimum Deposit: $250
Minimum Trade Size: $20
Return Rates: Up To 85% Standard, 500% One-Touch, 10% OTM Refunds
Account Currency: USD, EUR, GBP, AUD
Deposit Bonus: 100% On ALL Accounts! (only known broker to do this)
Demo Account: No Bloombex Options Demo Account Available
Read on for our full-length Bloombex review…
The Bloombex Options Trading Platform
As we mentioned in the opening of this Bloombex review, it is the overall look and feel of the Bloombex trading platform that first caught our attention and eventually prompted us to do this review. It is a very clean and simple design with a user-friendly navigation structure. We are generally fans of clean and simple but it is at least somewhat a matter of personal taste.
After opening an account and getting to know the platform better we found it to be similar in many ways to that of our favorite broker, Traderush. They are both based on the same root software, powered by SpotOption technology. Many of the most popular brokers use this technology but each customizes it to suit their own needs, and the needs of their clients. Apparently Traderush and Bloombex see eye to eye on a lot of things. Though Traderush seems to do most of them just a bit better. In fact, as far as the trading platform and features go Bloombex really doesn’t have anything unique to offer. And what they do offer is done better by other brokers offering the same things. Bloombex isn’t a bad broker by any stretch, just average in our opinion.
Trading Platform Information & Highlights
- Flat 100% Matching Bonus on all deposits! (only broker who doesn’t increase bonus as deposit amount increases)
- Now Offering FREE Trading Signals Service For Clients!
- Good Asset Selection @ 100+
- High/Low, Custom Builder, One-Touch, 60-Second, and Pair Options Contracts
- Double-Up and Roll-Over Trading Features
- Platform Languages: English, French, German, Arabic, Russian, Turkish
- Reliable and Glitch-Free Platform During Our Time There
- Can Use PayPal For Deposit & Withdrawals (very rare)
- Very User-Friendly & Beginner-Friendly
- Daily Market Analysis
- Trading & Technical Analysis Tools
- Mobile Trading Platform Apps Available
Bloombex Options Review Conclusion & Rating
There is at least one thing which Bloombex does very well with, and that is their education center and strategy material. They offer a wider range of material than most brokers and have sections for beginners, intermediate, and even expert. This is Bloombex Options redeeming strength and the only thing which we could find where they did better than their peers.
There really isn’t that much more to say about this broker. As we said, they don’t have all that much if anything in the way of originality, or even superior service. So basically you already know much all about them already simply by knowing other binary options brokers in general. We should mention before wrapping this up that we did make two contacts with the Bloombex customer service team during our short stay there. Once through email and once using the live chat feature. The service representatives we got during those contacts were both friendly and helpful. However, another contact was made when we tried to withdrawal our remaining $130 at the end of our review period. This contact was not as pleasant as usual because they were much too strong on the “sell” for me to cancel the withdrawal or even deposit more. This kind of pressure is somewhat normal but Bloombex took it too far, at least with this particular service rep.
All-in-all, while Bloombex does not manage to particularly distinguish itself in any strong way, they do still bring a fair game to the table and many traders will probably find that Bloombex works just fine for them. We simply believe that there are better choices out there, that’s all. If you have any experiences with Bloombex we would definitely like to hear about it though! Please leave us a comment below or contact us with your own Bloombex Options review!
Overall Bloombex Options Review Rating = 8.3/10.0 = Top 75% of Brokers Reviewed