Is BMBOption 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:
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.
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.
ConclusionAfter 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.