Bloombex Options Withdrawal

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Bloombex Options Withdrawal

Bloombex Options Withdrawal Review

An experienced and versatile broker, Bloombex Options is one of the leading companies which deal both with Forex and binary options trading. They are very proud of the fact that they have over 100,000 clients who conduct business with them on regular basis and who have recognized that the type of service offered to them by this broker is exactly what they need. These clients form a tight community which Bloombex constantly tries to expand, so they will give out bonuses to people who manage to refer a friend to open an account on their website. There are, obviously, many features of this broker which deserve our attention, you can learn more about them in our Bloombex Options Review, but in this article we will focus on a detailed analysis of the way Bloombex Options withdrawal system operates, how efficient it is and what can traders expect once they file in a demand to receive their money back.

Bloombex Options Withdrawal Review | Minimum withdrawal

As is the case with all other brokers, this broker needs you to fulfill certain conditions when you are making your Bloombex Options withdrawal. The most important among them is the minimum withdrawal amount which varies from method to method. For example, if you want to withdraw the money via credit card or an e-wallet, the minimum amount is $100, but if you want to do it via bank wire the amount is $250. It should be said here that the possibilities for Bloombex Options withdrawal are really quite numerous because apart from the credit cards and bank wires, you have four different e-wallets at you can use – CashU, Skrill, Moneybookers and PayPal. We should mention here that the credit (or debit) cards accepted are Visa and MasterCard. If you have suddenly changed your mind and wish to cancel your Bloombex Options withdrawal, you will have absolutely no problems in doing so. Even if your request is in the middle of being processed, all you have to do is send them an e-mail or just contact them by phone and tell them not to process your request. It’s a very easy and useful option to have, especially if you are out of funds in your account, but want to continue trading anyway. There are also some fees involved with certain withdrawal methods. For example, withdrawing with your credit cards will mean that you have to pay a 3.5% fee, just as if you withdraw your money via PayPal or Moneybookers. Other e-wallets do not require a fee to be paid, and for wire transfers the fee is set to only $15. Bloombex Options Minimum Deposit is very similar to this, but you can read more about it in the link.

Bloombex Options Trading Platform

Bloombex Options Withdrawal Review | Procedure

In order to successfully withdraw your money, you will need to prove your identity to the broker with some personal documents, so that the broker has a clear idea who exactly is receiving the money. This is not something specific for Bloombex Options withdrawal process, but a normal procedure in which all traders have to do, no matter which company is their broker.

You start by filling in and sending a withdrawal which is found on the broker’s website and then you can send your documents either by e-mail or by fax once you have established an account. The first thing you need to send is some kind of picture ID (passport, driver’s license etc.). After that, you will need to confirm your address and you can do that by presenting something as simple as a utility bill. If you invested some money via credit card, there is one extra step you have to make and that is to send a copy of the said credit card. Don’t forget to cover the number on the front of your credit card, as the broker only needs the last four digits to authorize your Bloombex Options withdrawal and the broker will surely remind you of this.

Bloombex Options Withdrawal Review | Safety

Your personal information is quite safe with Bloombex Options because they invest a lot in the technology used to protect their data. Their protection is continuously upgraded and updated, so you can be sure that you are in quite capable hands.

Bloombex Options Deposit Page

After all, when you consider the fact that it has been present on the market since 2009, you realize that it would be impossible to perform any kind of scams for that long and that their policy of safety and dedication to their customers is completely genuine.

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The privacy policy explicitly states that no personal information is ever disclosed to a third party, so you can be sure that your personal data is not going to be abused because all inner traffic between traders and Bloombex Options is encrypted by SSL technology which is a standard in the industry.

Yes, this binary options broker is quite safe. Everything else you need to know about safety is available in our Bloombex Options Scam Test.

Bloombex Options Withdrawal Review | Conclusion

Bloombex has been in this business for six years now and has gained a whole lot of experience not just in binary options trading, but in forex trading, as well. It offers some interesting and innovative features which other brokers usually lack such as being able to use PayPal to withdraw your money. You also have a decent number of options when it comes to currencies offered because you are allowed to choose between USD, EUR, GBP and AUD. These are not the only choices available to you because you choose the method of withdrawal as well, which all ads to the feeling of satisfaction with the service received. Apart from that, they are very careful when it comes to managing clients’ data and confirming their identity, so that you can be sure that their reputation is completely justified. In short they offer a reliable, safe service which has been recognized by thousands of traders from around the world and if you decide to make Bloombex your new binary options broker, you can be sure that you will receive some good service and a very fair treatment.

Bloombex Options Review

Bloombex Options

Broker Bloombex Options
US Traders Accepted
Company Name Lembex Global Investments
Headquarters Singapore
Regulation No
Max Payout 75%
Out-of-Money Reward 5%
Trading Platform SpotOption
Deposit Options Credit/debit cards, CashU, wire transfer, Skrill, Paypal, Liberty Reserve
Deposit Currencies US Dollar, Euro
Minimum Deposit $200
Minimum Trade $100
Maximum Trade $1,000
Online Since 2009
Trading Instruments Forex, Commodities, Stocks, Indices
Number of Trading Instruments 65
Binary Option Types Call Option,Put Option, One Touch, Option Builder
Customer Support Types On-line chat service (not working), e-mail support (e-mails bounce back), telephone calls to their UK office, international fax
Education Offered Demo tutorial
Tools Offered Daily Market Review, Weekly Market Review
Commission
  • Credit card – 3.5% fee on withdrawals
  • CashU – no fee
  • PayPal – 3.4%+ SGD0.50 fee on withdrawals
  • Skrill – 3% fee on withdrawals
  • Liberty Reserve – 1% fee on withdrawals
  • Wire transfer – $15 fee on withdrawals
Languages English, French
Demo Account No

When someone logs on to the Bloombex website, the first thing can be noticeable will be their website’s speed, which is very slow. Moreover, if you will try to contact through their Online Chat, you are going to receive the message, “Sorry, we are not available now”, while they claim to offer 24-hour Live Chat Support. Things can be even worse when you will find your e-mail sent by you to their support team will bounce back to you. These are the key issues that critically raise questions about the reliability of Bloombex. An Options Broker’s support team should always remain accessible to its trader and when a trader will fail to reach them, he will think twice before doing business with them.

If an investor is not discouraged by these issues, he can surely be attracted by their platform SpotOption, which is reliable and well-known in the Options Trading sector. The platform is completely web-based and there is no need to download or install any software. Founded in 2009, Bloombex is headquartered in Singapore and they support two languages – English and French. They have several deposit and withdrawal modes. Interestingly, one can withdraw the money in the same mode in which he had deposited it.

Trading Choices

They have over 50 trading instruments with a potential of earning up to 75% on their regular binary options, while their OneTouch trading feature can allow you to earn up to 500% return. They allow opening an account with a minimum deposit of $200 and do not provide any demo account. The maximum trade size is $1500 while for a single option, it is only $1000. The OneTouch option seems to be a lucrative option to make money, however it is not exclusive to them and several other brokers also offer the same. The OneTouch allows investors to keep their positions open throughout the day so that one can achieve the intended payout.

Bonus & Earnings

Bloombex offers an average In-the-Money reward ranging between 65% and 75%, which is a fair earning opportunity for a successful trader. Moreover, they provide an average out-of-money reward guarantee of 1-5% which gives an indication that you barely save anything if you lose your money with them. It is something like they will take away your cash but will return your wallet for sure. As far as bonus is concerned, it is offered as a part of their promotional offers, from time to time. Their bonuses are generally limited time offers and there is hardly anyway to make sure that you are going to win a bonus from them. Moreover, they maintain a complex system of bonus withdrawal which many, at least small investors, will not find very friendly. If you wish to withdraw your full bonus amount, you need to execute a minimum trading volume of 30 times for every $1 bonus. On such a condition, hardly any investor will attempt to earn a bonus from them.

Technical Analysis

There is nothing unique or significant with Bloombex when it comes to providing technical analysis and tools to its traders. They provide Daily Market Review and Weekly Market Review to the traders so that one can assess the market movements. They also provide Expired Rates of the assets which can be very much relevant for someone who wants to use their OneTouch trading feature for making money. News by Yahoo Finance is an additional feature. However, it is again nothing something exceptional that an investor would be very excited about. Importantly, for the newbie investors, they could have offered better trading tools such as historical data and multi-directional charts. The unavailability of fine trading tools with them seems to be a major setback and can be a deterring factor for many new binary option trading enthusiasts.

Learning & Support

As mentioned above, they do not provide any demo account, but have a Demo Video tutorial explaining everything about opening an account with them and how to trade with them. Newbie traders can consult their Glossary section to learn more about Options Trading and also about their platform. Their FAQ page too is recommended to learn about Bloombex platform in detail and how to fund your account and how to start trading. But their support part seems to be horrible, as neither their Online Chat nor their e-mail seems working. The only sure option to get in touch with them could be to make calls to their UK phone number. They have their Head Office in Singapore but surprisingly, they haven’t given any phone contact of their Singapore Office. The Fax number given on their contact page is again a UK number.

Conclusion

There are several questions that point out why anyone would be interested in doing business with them. The major question revolves around their accessibility, as both the chat support and e-mail seem not working. Moreover, they have just one UK phone number to contact them. Secondly, they do not provide a demo account. They have kept their minimum deposit amount as $200, while there are so many brokers who allow account opening with as low as just $100. This is certainly a discouraging factor for newbie investors, no demo account and $200 minimum deposit. Besides, their bonus scheme could be a major deterring factor for many traders, which seems to be less promising and more difficult to attain. And above all, their out-of-money reward of 1-5% can force any trader to think whether he is going to get back something if he loses while trading with them. However, their One Touch trading feature may appear attractive to several investors, but again there are several other brokers in the industry, offering such a trading feature to their investors.

Bloombex Options , 3.2 out of 10 based on 10 ratings

Bloombex Options Review

Bloombex Options is a veteran among binary options brokers. It has been around since 2009 and was one of the first brokers in the market. They use SpotOption’s reliable platform and they offer a wide range of tradable assets. They also take customers from the USA, Singapore, Japan, Israel and from almost all other countries. Bloombex is not licensed by CySEC or any other regulatory body like Malta Gaming Authority but that is not an issue, since Bloombex is one of the most reputable broker sites there is. They are, for example, offering risk free trades with bigger upper limits and with better terms than almost any other broker. You can also use the binary option robot signal services with Bloombex.

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  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

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    Bloombex Options Full Video Review

    To open an account in Bloombex click the button below the video

    Bloombex Options in a Nutshell:

    • Platform: SpotOption
    • Founded: 2009
    • Bonus: Up to 100%
    • Average return: 70-85%
    • Maximum profit: 85% (One touch 550%)
    • Minimum deposit: $1,000
    • Tradable assets: 100 plus
    • US traders: Accepted
    • Minimum investment: $20
    • Maximum investment: $3,500
    • Expiry times: 60 seconds, 5 minutes, 15 minutes, hourly, daily, weekly, end of the month and end of the year
    • Deposit options: Multiple credit cards, Visa, Mastercard, bank wire transfer, Paypal, Skrill and Moneybookers

    Bloombex Possibilities

    Bonuses

    Bloombex offers bonuses up to 100% for the first deposit bonus. The minimum deposit needs to be quite high, $1,000 at least, but you are able to participate in a campaign where you get to trade for one week risk free that will compensate this a little bit. It means that every trade made within that first week, the trader collects the winnings and profits as usual, but in case of losses Bloombex will credit your account back to the initial deposit size (up to $ 5,000). This is a huge benefit worth thousands of dollars and allows traders to start investing with full intensity right from the beginning. Within a week, you can make a lot of trades and as your possible losses are taken care of, you can only make profits within that time. A bonus will have to be circulated 27 times to be able to be withdrawn. This a regular condition among brokers.

    Demo Account

    At this moment Bloombex is not offering demo accounts but the first week of risk free trades is actually an even better way to go. In the same time that you would practice with a play money account you can make actual profits without the risk of losing any money on trades. During the first seven days all losses are fully refunded up to the amount of your initial deposit. This seven day period is definitely a better option than just training with a demo account.

    Features of the Broker site

    The number and variety of assets is about average for the sites that we have reviewed. Bloombex offers over 100 tradable assets including the stocks of the most well-known companies around the globe and indices from various industries of different stock markets. Their list of tradable commodities is wider than average including the basic ones such as gold, silver and oil but also some that are rarely seen such as wheat, platinum, sugar and coffee.

    Bloombex has added some features to the platform that not all brokers are providing. With ladder and one touch options possible return rates can rise as high as 550%. Ladder option trading is somewhat more complex but with a good strategy the profits of this option type can get even higher than with one touch. (If you want to learn more about trading strategies I recommend you have a look at our binary options advanced guide.) Some brokers have limited the payout of those option types to somewhere between 200% and 300%. Knowing that, these Bloombex payouts are excellent.

    The average payouts for regular binary options are still around 80%, going up to 85%, which is a very good return rate for a single trade.

    Bloombex ladder options offer up to 1000% payouts

    Expiry Times

    Expiry times vary between 30 seconds in the “sixty second” short term category, up to the long term option category end of the year expiry. There are actually even longer term options, which expire after a year, but I do not recommend using those, since you have to tie up your funds for a such a long period.

    Bloombex Follow

    One of the most interesting features is Bloombex Follow, where top traders and their past success are listed. And you, as a trader have an opportunity to put your future trades to copy theirs, and therefore get part of their success. It is one of the most effective ways for a new trader to learn and make profits right from the get go. In my own test, I found that this works quite well (better than I expected for sure) I made a significant profit in a day, without putting any effort into trading myself.

    Bloombex Signals

    If the initial deposit is $2,000 or more, Bloombex offers a free binary options signal service to traders. Those signals are inside views from professional traders, you get to see exactly what they think of market developments and events that affect the prices of assets. Signals are helpful especially for beginners but even more experienced traders can gain confidence from those to pull the final trigger in a trade they have previously been a little hesitant about.

    How to Trade with Bloombex

    Bloombex Options trading platform is very easy and straight forward to use. Asset selection is wide enough to find assets for every situation. The only thing you need to do after that is to choose if that assets value will rise or fall and decide within what timeframe. With over 100 assets and multiple expires, the number of different variations are almost unlimited.

    Commodities list is wider than most brokers

    The SpotOption platform is one of the most used and trusted platforms in the binary options market, especially known for its reliability. Bloombex offers the following option types:

    • Regular
    • High/low
    • One touch
    • 60 seconds
    • Pairs
    • Long term
    • Ladder
    • Forex/CFD

    With Forex/CFD products there is a possibility to use leverage. The leverage can be adjusted between 1:250 and 1:500. This also increases the risk of the investment in the same ratio that it increases the possible profits. Fortunately, there is stop loss/investment that will limit the possible losses of each trade if the value of the asset is about to fall too much. Using leverage is a great way to get maximum profits from a good situation, even if you are a little short of cash.

    Forex product offer really high returns

    These features allow traders to build risk adjusted portfolios and divide total risk between multiple assets, markets and time frames. It will lead to the best possible outcome and is my preferred personal method. You should always use possible derivatives and other options that are available to hedge your portfolio, instead of putting all your eggs in one basket.

    The minimum trade is $20 and maximum is $3,500 for regular options which is higher than what most competitors are offering.

    Educational Material and Tools

    Bloombex offers eBooks, a FAQ page, a demo tour video tutorial, and trading academy web tutorials for better trading and education. In the academy, there is six courses for beginners, and eight advanced trading courses. In totally there are 15 courses for the platform, three in-depth courses, two advanced in-depth courses, a binary eBook, a platform eBook and an advanced binary eBook. Therefore, the material is incredibly wide and covers everything that a novice trader needs to educate themselves.

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    Mobile Trading

    SpotOption is known for its user-friendly mobile platform, many traders have praised its features and this is also the case with Bloombex options. With mobile platforms, you can access your account and make trades from anywhere. The Bloombex app is very handy and has a clear user interface and buttons. The mobile version can be downloaded through the App Store and Google Play and requires only the login information from when you set up your account, which must be done prior. You can easily create your account through the “Open A Free Account” button on this page.

    Bloombex mobile platform, trade on the go

    Is Bloombex a Scam or a Proper Broker?

    Bloombex is not a regulated broker. But we don’t think that is an issue as they have been around for years and have an excellent reputation among professional traders. This is a clear signal that most things have been done right. As we have been reviewing this broker we have not met any suspicious signs, instead everything seems to be done with excellence being the goal. The SpotOption trading platform is another sign of a trusted broker since they are relying on the best service provider in the industry. Our conclusion is that Bloombex is not a scam and is an excellent broker site.

    Customer service

    The site itself offers 10 language options including: English, Italian, Russian, Spanish, German, Dutch, Japanese, Arabic, Turkish and French. Phone numbers are provided for 9 countries, there are live chat services on the site in real time and there is also contact information for those who want to reach customer support and account managers via email.

    Banking

    There are several withdrawal and deposit methods including Paypal, which is one the most popular net payment solutions. Other options supported include MoneyBookers, regular wire transfers and several credit cards such as Visa, Mastercard etc. Traders pay a small handling fee for withdrawals, as usual.

    Bloombex economic calendar

    Conclusion

    Bloombex options is a trusted broker site with plenty of tradable assets, good education services and materials, and customer service and support with multiple languages. Their useful features will help traders to make better trades, examples of this are the market reviews and news section. Licensed or not, Bloombex options is not a scam broker but a trustworthy and premium broker site. We proudly recommend their services to all traders from beginners to advanced.

    Overall review we will give Bloombex options 4,5 stars out of 5 as binary options broker site.

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