Based in Singapore, Bloombex Options is a professional binary trading platform founded in 2009. Designed to offer traders an efficient and secure portal to the financial market, this site is not only simple to navigate but loaded with trading options beyond the Forex market. Indeed, within the customisable browser-based platform, members can trade a range of options, including: stocks, commodities, indices and, of course, Forex.
Each member of Bloombex Options is afforded a wealth of information regarding trends, strategies and market movements thanks to the site’s constant stream of data. On top of this 24/7 support desk is on offer to help address and account issues or trading queries a member has.
Bloombex-Options.com’s Special FX:
One the biggest selling points of Bloombex Options is its simplicity. Not only is creating and funding an account simple but so is the process of trading currency. Thanks to a one touch click-and-trade system, a user can spot a potential investment and execute a deal within seconds.
The efficiency of this system is enhanced further by Bloombex Options’ homepage options. Regardless of whether someone is a member or not they are able to visit the site and gain access to live market data. For potential Forex traders this means they are able to review the currency pairs on offer, assess their price and compare that with various piece of market data before decided whether to invest or not.
This “try before you buy” style system is great for those who want to weigh up their options before financially committing to the Bloombex Options platform.
The other standout feature of this FX broker is its deposit bonus. Available on all deposits, a trader can get 30% extra whenever they load up their account through a range of options which include: PayPal, Moneybookers, credit or debit card and wire transfers.
For example, after registering their details with Bloombex Options a new member makes an initial deposit of $1,000. After successful acceptance of the deposit, the site will give that user an additional $300 (30%) with which they can use to trade with immediately.
Because Bloombex Options operates in a different way to many online Forex brokers, there is basically one account option available. Once a user has registered their details they are free to fund their account then choose one of the trading options through the site’s browser-based platform.
In this instance the user will choose the Forex option and will then be able to choose the currency pair they wish to trade through a series of drop-down menus. Once the desired option has been found the user simply clicks trade and the transaction is complete.
This simple system makes it great for novice traders as it takes away much of the confusion surrounding FX trading. To make this account as attractive to potential investors as possible the following conditions have been put in place:
Minimum account size = $200
Minimum position size = 1 lot
Digits after the dot in quotes = 5
Number of currency pairs available = 15 (including 6 exotic)
The principle behind this account is a binary options system. This means that traders are paid out on an all-or-nothing basis depending on whether the currency pair they choose to trade has increased or decreased in value. I.e. if the currency pair increases in value then the trade is successful and the user is paid out an amount based on their investment size.