Best Brokers Offering Ladder Binary Options Trading

Ladder binary options are a relatively new and still quite rare form of binary option trading that allows traders to receive “stepped” return rates as an asset price reaches certain levels. This article is not about ladder binary options themselves but we should probably at least provide a brief overview for those unfamiliar with these contracts (which will probably be most people reading this).

Ladder options are structured somewhat differently depending on the broker offering them, but they all have certain core features in common. Most commonly the broker will offer you 3-5 price levels, choice of expiry, and call or put options for each price level. Confusing isn’t it? These options would be hard enough to explain even without the fact that each broker does them a bit differently. So, we’re going to let a picture say a “thousand words” for us instead.

trading with brokers offering ladder binary options

The image above should give a general idea of how these options work. Unfortunately, aside from that we really can’t get much more detailed because beyond these basics each broker handles things differently. As you can see though these options can offer returns above 1100%! And actually, they go all the way up to 1,250% in some cases. Though obviously any trade offering a return like that is a serious long-shot trade.

The Best Brokers Offering Ladder Binary Options Trading

At the time of this writing there are only a small handful of brokers offering these ladder binary options so your choice are quite limited. This is especially true if you happen to be a US based trader. However, we did find two good brokers catering to US traders. Of the binary options brokers offering these options we ended up with a list of only three which we could recommend. The others are either downright low-quality brokers or, in a couple cases, brokers which we simply don’t have enough information on or experience with.

Our #1 choice for the best broker offering ladder binary options is Banc de Binary. BDB is one of the oldest and most respected brokers in the industry and also serves one of the largest client bases. Unfortunately, Banc de Binary is no longer accepting US traders for the time being. They are working on changing that, but it won’t be any time soon. You can read our last review of their trading platform and service here.

banc de binary ladder binary options trading

Our #1 choice for US-based binary options traders is GTOptions, hands down no contest. In fact the only reason they are not #1 overall is because they have less of an established history than BDB. But not by much and it was a close call to make. However, of the three brokers offering ladder binary options listed here, I liked the GTOptions implementation of them the best. GTOptions also offers pairs, long-term options, 60-second options, and one-touch options. Six contract varieties in total. That is more than all but a few other brokers. The industry average is four.

gtoptions ladder options trading registration banner

And our “runner-up” choice for US binary options traders would be the newer broker, GOptions. We’ve had the chance to trade on their platform a bit and get a feel for their service by “borrowing” a friend’s account for a week and promising to replenish any lost funds, while letting him keep any profits (which there was, to the tune of a couple hundred bucks anyway). We quite liked the platform itself and with its interesting contract choices which, in addition to ladder options, includes pair options, 30-second and 2 minutes options, and of course all the standard choices. A solid choice overall.

goptions ladder binary options trading banner

It will be interesting to watch and see if these contracts spread to other brokers as their popularity increases like what happened with 60-second options after Traderush first introduced them. For now your choices are limited, but the three brokers which we have included here all have good platforms overall, in addition to offering the ladder options. If you have any experience with these brokers or with trading in these option contracts then please feel free to leave a comment below for your fellow traders!

Bloombex Options Review – How Do They Measure Up?

Bloombex Options Review Introduction

bloombex options review banner advertisement for registrationOur Bloombex Options review takes a look at this relatively little-known binary options broker to find out if they can compete with the best in this fiercely competitive industry. Most of the time we only review brokers which have either distinguished themselves in some way, or have at least some level of popularity. Bloombex has remained basically “under the radar” up to now though. But when we accidentally came across their website while browsing brokers, it caught our interest with its polished look. Upon taking a closer look, we decided that we would like to open up an account to review this curious broker and see what they have to offer. So that is just what we did. We deposited $200 and traded on our Bloombex account for a bit under 30-days before closing it out to test their withdrawal procedure and timing.

Bloombex Options Basic Information

Bloombex Website: http://www.bloombex-options.com/
Officially Launched: Late 2010
Accepts US Traders: Yes
Minimum Deposit: $200
Minimum Trade Size: $20
Return Rates: Up To 85% Standard, 500% One-Touch, 10% OTM Refunds
Account Currency: USD, EUR, GBP, AUD
Deposit Bonus: 100% On ALL Accounts!
Demo Account: No Bloombex Options Demo Account Available

Overall Bloombex Options Rating: 7.8/10.0 – Average Broker

Read on for the full review of Bloombex Options…

screenshot of the bloombex options home screen

 The Bloombex Options Trading Platform

As we mentioned in the opening of this review, it is the overall look and feel of the Bloombex trading platform that first caught our attention and eventually prompted us to do this review. It is a very clean and simple design with a user-friendly navigation structure. We are generally fans of clean and simple but it is at least somewhat a matter of personal taste.

image of a standard high/low binary option trade at bloombex-options.com

After opening an account and getting to know the platform better we found it to be similar in many ways to that of our favorite broker, Traderush. They are both based on the same root software, powered by SpotOption technology. Many of the most popular brokers use this technology but each customizes it to suit their own needs, and the needs of their clients. Apparently Traderush and Bloombex see eye to eye on a lot of things. Though Traderush seems to do most of them just a bit better. In fact, as far as the trading platform and features go Bloombex really doesn’t have anything unique to offer. And what they do offer is done better by other brokers offering the same things. Bloombex isn’t terrible, just average in our opinion.

Trading Platform Information & Highlights

  • Good Asset Selection @ 100+
  • High/Low, Custom Builder, One-Touch, 60-Second, and Pair Options Contracts
  • Double-Up and Roll-Over Trading Features
  • Platform Languages: English, French, German, Arabic, Russian, Turkish
  • Reliable and Glitch-Free Platform During Our Time There
  • Can Use PayPal For Deposit & Withdrawals (very rare)
  • Very User-Friendly & Beginner-Friendly
  • Daily Market Analysis
  • Trading & Technical Analysis Tools
  • Mobile Trading Platform Apps Available

the bloombex trading platform image for starbucks trade

Bloombex Options Platform Video Overview

Bloombex Options Review Conclusion & Rating

There is at least one thing which Bloombex does very well with, and that is their education center and strategy material. They offer a wider range of material than most brokers and have sections for beginners, intermediate, and even expert. This is Bloombex’s redeeming strength and the only thing which we could find where they did better than their peers.

image of the bloombex options education center from our review

There really isn’t that much more to say about this broker. As we said, they don’t have much if anything in the way of originality or even superior service so you know all about them already simply by knowing binary options brokers in general. We should mention before wrapping this up that we did make two contacts with the Bloombex customer service team during our short stay there. Once through email and once using the live chat feature. The service representatives we got during those contacts were both friendly and helpful. However, another contact was made when we tried to withdrawal our remaining $130 at the end of our review period. This contact was not so pleasant because they were rudely insistent that I should cancel my withdrawal, and instead deposit even more money! I think not, fellas.

All-in-all, Bloombex does not manage to distinguish itself in any meaningful way and they do not compete with the best in the industry. There are better choices out there. If you have any experiences with Bloombex we would definitely like to hear about it though! Please leave us a comment below or contact us with your own Bloombex Options review!

Overall Bloombex Options Rating = 7.8/10.0 = Average

bloombex options registration banner ad - forex frustration

Trading Journal Entry 1-23-2014

Yesterday was a decent day overall. We only made one standard high/low trade though so it wasn’t a huge day. But as long as your winning days post bigger numbers than your losing days you are a profitable trader overall. And that’s our goal. Slow and steady wins the race in investing/speculation. That may not seem to fit well with fast-paced binary options trading, but when it comes to money/account management binary options are no different than any other financial product.

During about 30-minutes of trading on our Traderush account we ended up making just one standard high/low binary options trade, and one “series” of 60-second binary options contracts (we always trade 60-second options in sets of 3, spaced about 10 seconds apart). Lets get the 60-second trades out of the way first.

60 second pair options trade - apple vs google

This is an interesting trade because it involves pair options. Until very recently the only place you could trade pair options was Stockpair, and they’ve never had 60-second contracts. Traderush shows it is the innovator of the industry once again by being the first to bring pair options to a binary options platform, even including 60-second contracts. Others will surely follow. But on to the trade itself.

I love pair options trading. And I love 60-second options trading. But I am not sure that I am in love with the combination. 60-second options are tricky enough as it is and in a relative performance context it is essentially impossible to predict over such a short time-span. It’s a coin flip really. We lost the “coin flip” in this series of trades, though not too badly. The image above shows how things finished up as well, with 2 losers at $10 each, and one tie for a $10 refund, leaving us with a $20 net loss on the series.
traderush investments history feature - vix index Our “big” trade of the day was using a standard high/low contract on the VIX volatility index, a favorite trade of ours. Trading the VIX can be considered to be highly speculative and I would have to say that this is especially true when doing so with a short-dated binary options contract. But with that disclaimer out of the way I personally really enjoy trading the VIX using hour-long binary option contracts. And I do fairly well with it too.

As you can see from the image above it worked out pretty well for us this time around as well. We chose to buy a VIX Call option for a $100 with a roughly 3-hour expiry window, offering a return of 70%, or $170 on our $100 investment. This is a fairly low return for this contract but we felt pretty good about this play so we did not mind the lower return.

So we lost $20 on our 60-second trades, and gained $70 on our high/low trade for a total of a $50 net profit on the day. We won’t be retiring any earlier but nonetheless, we’ll take it.