Is BMBOption a Scam?

BMB Option promises secure trading and offers generous bonuses to new clients. But is this broker legit or is BMB Option a Scam?

We have made a research of BMB Option and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that BMB Option is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:

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BMB Option Review

BMB Option stands for Benedict Morris Binary Option which is a binary options trading broker that is owned and managed by an organization called Log Trading Capital Ltd. The company specializes in the provision of financial services and is based C&H Towers. The online trading market is currently flooded by binary options brokers with some of them being scams. We investigated this broker by testing their trading platform, account types and features. For more details read the whole review.

Trading Platform and Features

BMB Option uses an advanced platform that displays the available assets including their market prices as they are predicted to rise or fall. It provides the call/put trades, which depend on the increase or decrease of the financial market prices. The 60 second options which usually ranges from 60 seconds to 5 minutes. The pairs option compares the performances of both assets and allows traders to choose the asset that is predicted to perform well while the ladder option entails several target price levels with different payouts.

The trading assets include USD, RUB, EUR, JPY and other major currencies. The stocks of major companies are also traded and they include Coca Cola, Apple, Microsoft and Reuters among others. Other assets include indices and commodities.

One of the features provided by this broker is the customer support feature. The support desk allows traders to communicate with the support workers via phone, live chat and email. They do not have a demo account, which is useful especially for new users with little knowledge on binary options.

Deposit and Withdrawal Procedures

The payment options supported by BMB Option include credit and debit cards, skrill, Qiwi, CashU, WebMoney and GiroPay among others. The initial investment required before trading is $250 with a maximum of up to $5000 when using credit cards.

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The withdrawal process requires users to submit identification documents for the request to be processed. This broker is not regulated by the relevant institutions and therefore is not reliable because your transactions are not secured hence high risks of losing funds. We advise traders to register with regulated brokers that have been tested and are trusted.

Account types and Bonuses

Bonuses and promotions received depend on the type of account held by the trader. This binary options broker provides 6 account types, which are based on the amount of deposit. The accounts include the starter, silver, gold, platinum, premium diamond and pro exclusive account. We recommend that you read the terms and conditions regarding the bonus policy before accepting any bonus.

Conclusion

After detailed investigation our team concluded that there are better choices than BMB Option. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with BMB Option.

We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.

Or Select Another Broker From Our List

11 Responses to “Is BMBOption a Scam?”

  1. Heinz Fichtner April 28, 2016 at 10:34 am

    Hallo,
    ich habe den Fehler gemacht, dort Geld einzuzahlen! Nun will ich mein Geld zurück ( 400,-€) aber, die “Bank” gibt es nicht zurück!! Das ist für mich BETRUG!!! Was kann man tun??
    Danke für Info
    Gruß
    Heinz

  2. ANTHONY ARCHER April 28, 2016 at 1:14 pm

    From the start they just wanted more money and would try to bully you into it take credit card details to set up a monthly credit of profit trade for you and when i wanted to close my account they ran up my card to the max.

    scam

  3. BMB IS TOTALLY A SCAM BROKER AS THEY STOLE ALL OF MY MONEY WITHOUT TRADING IN FRONT OF MY EYES AND THE BROKER WAS jESSIE jAMES AS I BELIEVE THE WHOLE SYSTEM IS A SCAM

  4. Be carefull everyone as this broker is a big time scammers as they took every cent of my money which i never saw again even without trading

  5. yes BMB IS A 100% SCAMMER EVERYONE FROM THE MANAGER TO RIGHT THE CHAT CHAT SPECIALIST THEY ALL ARE IN TOGETHER SCAMMING AND WHAT A SHAME AS THESE PEOPLE LIE AND STEAL TO MAKE A LIVING AND WHAT A SHAMEFULL COMPANY WHICH IS CALLED BMB OPTIONS WHICH IS A BIG TIME SCAMMERS EVERYONE SO STAY AWAY AND DONT MAKE A BIG MISTAKE LIKE ME ESPECIALLY FOR NEW TRADERS WHICH WHEY ARE LOOKING OUT FOR SO THEY CAN FOOL AND SCAM YOU BIG TIME

  6. deborah Oude Avenhuis May 2, 2016 at 7:12 am

    This company is a scam, it is now closed and my father and I have lost thousands, we have both blocked our cards so they can not take anything else, now I am concerned about identity theft as they need your details to open the accounts. They are thieves and crooks.

  7. Ich habe beim BMB Option 250$ zum Trading eingezahlt und habe dort 300 $ im Marz gewonnen. Ich habe seit März dieses Jahres 6 mal versucht mein eingezahltes Geld und der Gewinn zu auszahlen aber die zahlen mir mein Geld nicht zurück. Ich habe schon viel mal mit BMB Option in Englisch Chat gemacht und es wurde mir versprochen 10 Tage zu warten und soll ich mein Geld erhalten. Nach 30 Tage habe ich mein Geld immer noch nicht erhalten. Ich habe wieder noch ein Versuch gestartet und es wurde mir dies mal
    gesagt dass ich 14 Tage warten muss um mein Geld zu erhalten. Ich glaube nicht dass ich mein Geld von diesen Betrüger erhalten kann.Diese Company muss geschlossen werden damit die die Menschen nicht weiter betrügen können.

  8. Ich habe beim BMB Option 250$ zum Trading eingezahlt. Danach hoben die einfach 5000€ von meiner Kreditkarte ab, ohne meine Erlaubnis, ohne Einverständnis, ich war total perplex, dass so etwas überhaupt möglich ist. Sie handelten mit meinem Geld, bis alles weg war. Danach wollten die, das ich die Einverständniserklärung unterschreibe. Das sind Betrüger!!

  9. Armin Greiss May 17, 2016 at 5:09 pm

    Biggest internet /phone Fraudster ever in my expiriance !!
    telephone terror to invest more and more
    stolen Max of credit card !!
    change password / no acces to server /Account trade over limit!!
    run Account to 5K minus ??
    this is biggest scam ever!

  10. Brian Habbick May 20, 2016 at 11:40 am

    This is a big scam they take your money by bullying you over the phone to awesome returns as the money goes in you Neva get it back they dont even trade with your money.
    they start you on 250usd then the next call, they need more to start trading and to get you the amount you would like month and con you it sounds awesome, till the minute they receive your credit card details then they dissapear. They wont return your mails your chats nothing.
    ONE MASSIVE SCAM

  11. Bernard Tann May 27, 2016 at 5:34 pm

    Benedict Morris is a scam broker please everyone stay clear and dont be foolish to put any funds into their account for trading as promised into getting you big profits which they will also tell you to put more funds to get you into a VIP account and then if your trades happes to be in the money or you have won the money from your trades they ask that you put more to get you into exclusive VIP trades then it goes on. I have tried to withdrawal on several occasions all the winning trades but have never been able to get anything back as they have just conned my funds and put a block on any withdrawals I made.Please can somebody do something and pull the plug on Benedict Morris as I am totally devastated for the amount of £20k I have lost.

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