Bloombex Options Scam Busted! Review Uncovers How To Get Your Money Back


Once more we are ready to review a SpotOption based broker, Bloombex Options. SpotOption is suggestive of an easy to navigate website, fuss-free trade monitoring, and a highly user-friendly interface…

Bloombex Options Broker Website Screenshot

The good thing about Bloombex Options is that it invites traders from all over the world. Please note that the platform doesn’t accept any trader from Israel and Iran. You can open an account with a minimum $300 deposit and the return is up to 85%. There is no limit for maximum bonus. You can invest at least $10 and less than or equal to $2500. The platform facilitates AUD, GBP, USD, and EUR.

Are Bloombex Options scam complaints reliable? How has the broker performed over the last 8 or 9 years? We’ll reveal each and everything one by one. Let’s begin with our first segment, i.e. the background of the company.

Bloombex Options Review Summary

Cost: $250+

Recommended: No (See Our Top Ranked Legit Program Here)

Rating: 0/100

Summary: There is no doubt about it, Bloombex Options was indeed a scam binary options broker – and whilst it now appears to have closed its doors, we believe it is potentially still operating under a new name. Either way we do not recommend Bloombex Options or any other broker associated with it so we advise you steer clear of them. If you have already lost money to Bloombex Options though then keep reading to see how you can get it back.

Quick Navigation

Bloombex Options was a long established broker & so our investigation is likely to be quite intensive which means this review may get quite lengthy… So to make things easier for you we’ve put together some quick navigation links below which you can use to jump straight to the precise information that you came here looking for.


Bloombex Options Background

Pipel Capital Ltd. established Bloombex Options in 2009.

20-22 Wenlock Road, London, N1 7GU, UK is the address that was mentioned on the company’s website. We found that it was more than a virtual office.

Later on, E.B. Services Ltd. assumed the ownership of Bloombex Options. The address was also changed to 5th Floor, Landmark Building, 14 Tsar Osvoboditel Blvd., Sofia, Bulgaria. Another address was also listed, i.e. 4th Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, UK.

We are pretty sure that all of the above-mentioned addresses are virtual offices because there are some other brokers who mentioned the same address lines on their websites. They also mentioned their offices in the UK as well as in Bulgaria.

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Is Bloombex Options Regulated?

Bloombex Options was NOT regulated. The interesting finding is that they invited people from everywhere but Israel and Iran, but Bulgarian authorities never allowed them to operate. Interestingly, one of the addresses mentioned is also in Bulgaria. Contractions have always been a part of this seemingly unreliable broker.

It was in 2017 that Cloombex Options website dropped down flat and hard with the matter of days. Following are the reasons for the sudden death of Bloombex:

  • Consob (Italy) issued a warning against Bloombex Options on 09-03-2015
  • CySEC issued a warning against Bloombex Options on 17-09-2015
  • FINMA (Switzerland) also included Bloombex Options to its warning list on 28-01-2018
  • OCS also followed the above regulators by adding Bloombex to its warning list on 07-03-2018
  • FSC (Bulgaria) warned traders against E.B. Services Ltd. as well as Bloombex Options on 18-11-2016


Bloombex Options Complaints

We can easily conclude that the complaints are going to be serious, even without having a look at them. The company’s history, mentioning of fake addresses, and shifting the ownership from one company to another, are the characteristics of a non-legitimate platform.

The website has already been blocked in various countries. Let’s complete the formality though!

Some of the traders who used this platform have shown up by calling it a cruel instrument for stealing people’s money. They are of the view that the company was administered by scam artists who manipulated the statistics. They talk about someone sneaking in their accounts, finalizing trades, and even canceling the withdrawal requests. Wow! That’s amazing, how easy it is to just take money from people and then hold it for as long as you want.


We think that Bloombex Options hasn’t disappeared yet. We are convinced that Bloombex and VirtNext were managed by the same scam artists. Apple Bot is another scam operated by the same team. It forces us to confidently anticipate the introduction of another scam by the same team. Maybe, it’s already there with a new name as there are dozens of unregulated brokers busy in throwing the bait.

Bloombex Options Withdrawal

The scam managers attracted the traders with a lucrative taste, PayPal, the payment option we don’t usually see with binary options brokers. The only restriction was that you could not withdraw anything more than the deposited amount (through PayPal).

The reviews from various traders reveal that it had been virtually impossible to successfully withdraw your funds from Bloombex Options account. The website is down so we don’t know much about its withdrawal policies other than the minimum withdrawal limit that was too high, i.e. $100.

Is Bloombex Options a Scam?

Obviously! Bloombex Options scam has been one of the ugliest yet successful adventure from these modern day pirates. All major regulators had already issued warnings against the platform. The good thing is that website has gone, the platform has disappeared and no trader will lose his/her money on this website, and the bad news is that these are habitual scammers, they strike back like a serial criminal and they are surely performing a new illusion hiding behind a new mask.

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Our Verdict on Bloombex Options

Thumbs DownAll we can recommend is to avoid thinking about making too much money without really having to do anything. There are so many scammers, one disappears and ten new emerge from nowhere. There is no point in warning against a particular name, website, logo, brand, or a software. You have to follow a set of strict instructions.

  • Reject anything that is unregulated regardless of what if promises
  • Turn hard, harsh, and cold as soon as you receive a cold call especially telling you about a get-rich-quick opportunity
  • Consult the professionals, trust those who can prove their expertise, seek guidance from the real traders with a history of successful trading.
  • Turn a deaf year to anybody talking millions all the time, they are just daydreamers


Get Your Money Back From Bloombex Options

Have you fallen victim to the Bloombex Options scam prior to landing at this review? Obviously that is not ideal, but with the help of our free money reclaim guide we believe you stand a firm chance at getting your money back.

Our guide has helped thousands to date & it outlines the exact steps that you can take to get your money back from the hands of binary options scammers like Bloombex Options so we highly recommend you check it out.

You can access the guide for free by clicking here.

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Bloombex Options is a scam, there’s no doubt at that – but that doesn’t mean that it is impossible to make money online. There are actually several good ways to make money online & we have come across many of them whilst carrying out our investigations.

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About the Author:
Hi, I'm Dale, the founder of Stopping Scammers. I fell victim to an online scam many years ago & I launched this website, as a result, to protect others from making the same mistake. I now earn a living working online after discovering a legitimate method called affiliate marketing & I aim to share what I've learned to help others to do the same. You can report a scam here or you can see the legitimate methods for earning online here. I truly hope you find this website helpful.

3 thoughts on “Bloombex Options Scam Busted! Review Uncovers How To Get Your Money Back”

  1. I put on average 375 to 450 on cash code with bloombex an a further 250 with binary an haven’t got anything back from them

  2. How do I get my money back from Bloomberg? I opened an account with them on 12/4/2016, I have all the documents they gave with the account number assigned.


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