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Overall Rating

91/100

We are sorry you have reached a broker that is no longer is business, for a list of all closed down brokers please click here. Click here to find our recommended brokers>

BMBOption Broker Review

Benedict Morris Binary Options is a new breed of binary option broker, one focused almost exclusively on the success of its traders. The bearer of a stellar record in this respect, bmboption actively educate their traders from day one well into proficiency. Given the array of trading tools and educational material they make available for their traders, bmboption are easily the best trading destination for those willing to learn and to put their newly acquired knowledge to use as recommended.

 

Deposits and Withdrawals 

The methods through which traders can fund their bmboption accounts and withdraw money from these accounts are plentiful. A number of credit/debit cards, such as VISA, MasterCard, Maestro, American Express and Diners Club International are accepted, together with the old Wire Transfer.

Withdrawal times are all decent, but they obviously depend on the withdrawal method used. For credit cards, payment processing takes about 5 days, followed by 2-3 more days for the funds to settle in the traders’ accounts. Wire transfers are processed within 5 days too, and they take about 5 more days to reach their destinations.

New traders are given a 100% match bonus on their deposits. Bonus money is subject to certain restrictions, until the bonus redemption requirements have been fulfilled.

 

Trading Platform

The trading platform used by BMBOption is one of the most advanced in the world. It is up to the task in every way: it is fast and reliable as well as straightforward and easy to understand. All the featured assets have their market prices visible for transparency and there are a number of efficient trading tools available straight from the interface. Besides the “regular” Call/Put trades, the bmboption platform also allows traders to spice things up through the use of 60 second options, One Touch options, Long Term options, Ladder options and Pairs trading. Why all the diversity? Some – mostly technical analysis-rooted – trading systems are more suitable to be used with such trades than with the plain Call/Put.

Asset selection-wise, all the major commodities, indices, currency pairs and stocks are covered.

 

Customer Service

When it comes to trader education, bmboption is one of the best brokers out there. They have taken a multi-front approach to the issue: they have a well-rounded set of educational videos covering everything from the basics to advanced concepts, there’s a downloadable eBook traders can keep by their sides at all times and there are a number of eCourses that traders can take to improve their skills the old-fashioned way.

The Benedict Morris support staff is knowledgeable and eager to help. They can be reached through a selection of email addresses available in the Contact Us section of the site, as well as through an email form. There’s a toll-free number as well through which traders can request assistance in English.

The site itself is currently available in English and German.

 

Conclusion

Everything thrown into the middle (the educational material as well as the various bonuses and deposit/withdrawal methods) it is safe to say that bmboption is a great destination for those looking to boost their binary option profits. While the operator doesn’t actually guarantee success (no one can reasonably do that) it does create a climate very much favorable for those willing to invest the time and the effort to make headway in this interesting yet often so cruel industry.

 

 

 

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BMBOption Ratings

Customer Service Rating – 9

  • Knowledgeable and Eager staff
  • Toll-free Phone Support
  • Outstanding response times
  • Email, Phone and Live Chat
  • Languages: Dutch, English

Asset Choice Rating – 10

  • 97 Stocks
  • 25 Currencies
  • 8 Commodities
  • 43 Indices

Deposit Method Rating – 9

  • VISA
  • MasterCard
  • Maestro
  • Diners Club International
  • American Express

Minimum Deposit Rating – 9

  • $250

 Withdrawal  Rating – 8

  • 2-10 days, depending on method

Minimum Trade Rating – 9

  • $5

Trading Features Rating – 9

  • Standard Call/Put Binary Options
  • 60 Seconds
  • Ladder Options
  • Long-term Options
  • One Touch Options
  • Pairs

Payout% Rating – 10

  • Up to 89%

Bonus Offers Ratings – 10

  • Up to 100%
Site Intangibles Rating – 8
  • Professional customer service
  • Great financial liability


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