Bloombex, one of the largest global binary options brokers, closed its operations in 2017, liquidating its business and leaving the binary options industry forever. Bloombex has stopped operating in the binary options market and, therefore, no longer offers services to traders interested in operating in this financial market
Review of the Binary Options Broker Bloombex Options
Type of Broker
Country of origin
- Forex market: 20 different currency pairs,from the most important like the EUR/USD and the USD/JPY to other more exotic such as the NZD/USD for example.
- Indices: 35 of the major stock indices of the market, including S&P 500, NASDAQ 100, Dow, CAC 40, ASF and FTSE 100 among other.
- Commodities: 9 of the most important and traded commodities of the market, including crude oil, gold, silver and coffee.
- Stocks: More than 60 stocks of the most important stocks from the US market, the european market and the asian market, including Microsoft, Coca Cola, Google, BAE Systems, HSBC Holdings, Rolls Royce and Tata Motors among other.
Types of Binary Options
- High/Low Binary Options: This is the most common and traded type of binary option due to its simplicity and the high and fast income that offer. In this case, the trader only has to determine if the price of the underlying asset is going to be up or down once the option expires. The expiration period of the options offered by Bloombex Options is 1 hour.
- One Touch Binary Options: These are options which offer a higher performance compared with the Above/Below options. The trader must determine if the price of the underlying asset is going to reach or not a determined level of prices before the expiration of the option. If the trader considers that the price of the asset is going to touch that level, he should select “Touch” in the trading platform, but if he believes that the price is not going to touch that level, he should select “No Touch”.
- Custom binary options: The client of Bloombex Options have the possibility to trade with custom options in which the trader can set the main parameters of the trade, including the underlying asset, the expiration period, the risk level and the payment in case the option expires In The Money. Basically, these are Above/Below options customized by the traders according to their needs.
- 60 Seconds binary options: These are High/Low binary options with an expiration period of just 60 seconds. Thanks to this feature, 60 seconds options are ideal to make many trades each day and earn money with the market micro movements in volatile assets and instruments such as Forex and commodities like gold and oil for example.
Payment Offered by Bloombex Options
Bloombex Options has a user friendly web based trading platform based on SpotOption, which has many tools and functions that are needed to trade Binary Options professionally. This application can be accessed through the company´s website from any location while also available through our mobile application for IPhone and android. The website includes trading tools such as market charts, market reviews, web seminars, education app and online E-book.
- Double Up: Through this tool, the client has the possibility to increase their investment and double the profits. Basically, when an option is near maturity and the trader believes that the market will continue in the same direction, Bloombex Options offers the possibility of doubling the option with just one click on the button Double Up. In this way, the trader opens a new position with the same conditions as the original but with the current price of the underlying market.
- Rollover: This feature allows to extend the expiration period of a binary option, so it is very useful on those trades in which the investor believes that an option that is Out The Money has a high probability to end In The Money if the contract maturity is extended. The rollover is available up to 10 minutes before the expiry and requires an additional investment of 30%.
- Option Builder: It is a function which allows the trader to customize their binary options trades. Through Option Builder the is possible to change the main parameters of the contract, such as the expiration period, risk level, potential benefits if the options expire In The Money and other. In this way, the trader can trade with options customized according with their trading styles.
- Bloombex Meta: This is a web based platform that is more focused on price charts compared to the previous application. Bloombex Meta is designed to trade with Above/Below binary options and offers several features such as updated market quotes, price charts and the ability to track the historical performance of selected financial asset prices.
Main Advantages of Bloombex Options
- Bloombex Options offers bonus packages regularly for new and regular clients.
- The broker offers a good customer service through e-mail, telephone and chat in the website of the company. This chat can be accessed 24 hours a day.
- The client of Bloombex Options has the possibility to trade with binary options based on a lot of underlying assets, such as currency pairs, stocks, stock indices and commodities.
- Bloombex Options offers the possibility to trade with 60 seconds and custom binary options.
- The trading platform of this broker is an easy to use and intuitive application that can be accessed from any place with Internet connection (a web based platform).
- There are no commisions and no fees of any kind.
- The accounts can be opened in US dollars and euros.
- The clients can get one-to-one personal trading support and training. The free training/support depends on the initial deposit levels.
- This company offers free daily market reviews from its website.
- The trading platform and the website include an interesting function which shows the market sentiment of the clients trading in a determined moment. In other words this application shows the percentage of clients that has adquired a Call option or a Put option in a certain underlying asset.
- Bloombex Options offers the possibility to earn money by promoting its services as a broker through an affiliate programs called Binary Affiliates.
Main Broker Offers
- A bonus of 30% for every deposit made by the client.
- A bonus of $100 for every client that opens a trading account and deposits at least $100 (a 100% bonus).