Bloombex Options Review

boombex-logoManaged by Pilpel Capital Ltd in London, U.K. and owned by Bloombex Ltd in the Commonwealth of Dominica, Bloombex Options is a veteran binary options broker. Founded in 2009, they use the popular Spot Option trading platform and offer traders a huge variety of assets to trade short or long term, range, one-touch and more.

While they are not licensed, I find that reviews seem to be primarily positive in regards to Bloombex Options.

Bloombex Options offers an extensive amount of binary options trading educational material. They also provide traders with a risk-free demo account so they can get adapted to the trading system.

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Bloombex Options Deposit Terms & Conditions

The minimum deposit amount with Bloombex Options is $300.

Traders must be located in a country that allows binary options trading. U.S.A. traders are not accepted.

Bloombex Options accepts deposits in a variety of methods including:

Credit/debit card
Bank wire
and more

To obey AML procedures, Bloombex Options requires that traders provide the company with compliance documents upon deposit. These include:

Picture ID: This can be any public document such as passport or driver’s license.
Documentation that can confirm present address, like a receipt within the last 6 months of a public utility bill.

If you invested by credit card, then a copy of the credit card used for the investment must be sent. For your own security, please cover your card number on the front of the card, leaving only the last 4 digits visible, and also cover the CVV number on the back of the card, leaving the signature visible.

Bloombex Options Bonus Terms & Conditions

Bloombex Options does offer some attractive bonuses for traders. There are stipulations to withdraw these bonuses though.

Traders must trade a volume of 27 times the bonus amount before it can be withdrawn. So, if you receive a $100 bonus, you will have to make trades equal or above $2,700.

Keep this in mind before accepting any bonuses.

Bloombex Optionx Withdrawal Terms & Conditions

Bloombex Options processes withdrawal requests within 3 days if all compliance documents are received.

The minimum withdrawal amounts are:

Bank wire: $250
All other methods: $100

There are processing fees. For credit cards it is 3.5% and for bank wire, $20.

Bloombex states that the funds should reach your account no later than 7 days.

Trading platform
Spot Option
Deposit/Withdrawal Methods
Bank Wire, Credit/Debit Cards, Skrill
Base Currencies
Bloombex Ltd
Demo Account
Expiry Times
60 sec, 90 sec, 2 min, 3 min & 5 min
Trade Sizes
$5, $10, $20, $50, $100, $250, $500
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