Bloombex Options Review
Name: Bloombex Options
Price: Minimum $250 deposit
What Is Bloombex Options?
Bloombex is a binary options trading company established in 2009. You have to make a deposit before you start trading, and you could lose your money VERY fast (especially if you don’t know anything about trading). They say you will make a profit with every trade because they know when and how to make the trades, however this is NOT TRUE! You have to learn how to trade and know exactly what you are doing before you can jump into this.
Bloombex Options offers their services on a web-based platform that is easy to use. They have many things to trade, including commodities, currencies (Forex), stocks, and indices. Private investors can even request to have specific financial assets added. This is great for EXPERIENCED traders.
Pros and Cons of Bloombex Options
- 100% Matching Bonus on all deposits (if you deposit $200, they will match your $200)
- Over 100 assets to select
- They have a Mobile App
- Not for inexperienced traders (could lose money quickly)
- Customer Support can be rude
- They have taken some peoples’ hard earned money!
How Does Bloombex Options Work?
Bloombex has all of the trading instruments you need, and they allow you to invest on a HUGE variety of financial assets in real time. Just like with any trading platform there will be risks! You are in control of your investments, and you have to decide if it is the right time to invest. This trading platform apparently allows you make SMART decisions so you can make a profit. You do not invest if there is high volatility in the market or if there is no particular economic event.
Bloombex makes announcements about financial events to their investors, and they influence the market. Your account manager is supposed to inform you of these events, and they will want you to invest right away. However, all I ever get are emails about investment opportunities (meaning they just want your money). Once you invest, then you just make trades on the market. However, Bloombex will make the trades for you, so they have control over your money. NEVER let someone else control your money!
Bloombex Options Features
Bloombex has many trading features on their platform (more than any other). Only experienced traders will appreciate the tools available, including the strategy adviser, providing advice in real time, and market trends. The trading instruments include…
- One Touch Options (only on weekends) – Return of up to 500%, but it is just a prediction and a 50/50 chance you could win.
- 30-60-120 Second Trading – You choose an asset, enter investment amount and click “CALL” if you think the price will rise or “PUT” if you think it will drop.
- Ladder – You can make several predictions on the same asset.
- Pairs – Choose which two assets will outperform the other when they expire.
- Double Up – You could double your profits by doubling up if it is a “sure” profit.
- Rollover – This allows you to postpone the expiry of your trade (available up to 10 minutes before expiry).
- Long Term – You select your asset, select expiration time, choose how much to invest, then make a prediction.
- Forex – Here you choose your Stop Loss and Take Profit amount, then choose to buy or sell.
If you don’t know how to use these features I suggest you contact your account manager. Bloombex allows you to cancel a position after you select a direction (Up or Down), which means if the value suddenly changes you can accept or decline the investment. Once you position is approved it is displayed at the bottom of the screen. All of these features must be mastered if you want to become successful, because they help you make better decisions. If you make a wrong decision then you are out of money!
Bloombex also has social trading called Bloombex Follow, where you can find successful traders and follow or copy the moves they make.
How Much Does Bloombex Cost?
In order to start trading with Bloombex you have to make a deposit. You can use your credit card, Paypal, Skrill, and Neteller. After you open an account an account manager will reach out to you and assist you with the deposit, as well as help you with the first steps to take using their platform.
You have to deposit at least $250 into your account to start trading. There are also no fees when you want to withdraw money, just make sure you do not have any open positions when you request a withdrawal.
You get a matching bonus after you make a deposit (which means you will get another $250), but you can only withdraw it after you achieve a 27x turnover. The Terms & Conditions were a little inconclusive because they did not specify the withdrawal restrictions. Anything that isn’t clear on something means they are hiding something!
Bloombex Options Training
Bloombex Options focuses mostly on providing the best trading environment, but they also offer some education. They have…
They cover fundamentals as well as technical analysis. There is a description of how to use all of the features, but you also have the option to do private 1 on 1 sessions. I would suggest you take advantage of that, however I did not try that and I do not know if it cost extra or not.
Bloombex Options Support
Everyone that signs up with Bloombex is assigned an account manager, and they speak many languages. If you are a beginner you NEED to take advantage of this.
Their customer support 24 hours a day for 5 days a week, and you can contact them through email, online chat, phone, or Skype. They also have email accounts for the account managers on their website. Personally, I like their live chat and was helped very quickly.
I did, however, have trouble when I wanted to cancel my account after using it. They were very pushy and wanted to make a sale. They were also rude about me wanting to cancel. I was able to cancel because I had not invested any money yet, but I left on a bad note.
They used to have an affiliate section, but I could not find it when I searched recently.
Bloombex Options has updated tools, but they are just like all the other binary options scams out there. BE CAREFUL with this program. You can make the deposit, but I would not trade anything until you have completed most, if not all, of the education and training.
You can lose your money VERY fast if you do not know what you are doing. This is no “push button to success,” and you will NOT make money quickly. Trading isn’t bad, but you have to go about it very carefully and find the right broker! I like Bloombex, but lately they have been taking peoples’ money without their consent, which means it is a SCAM! Do NOT invest in this program!
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