Cyprus Watchdog Warns Against Unregulated Broker Bloombex Options
The binary firm is not legally permitted to provide investment and related services in Cyprus as it has never been

The Cyprus Securities & Exchange Commission (CySEC) issued a warning today to investors in the country about the operations of an unregulated binary options brand. The company the watchdog warns against is Pilpel Capital Ltd, operating the brand Bloombex Options. An unlicensed firm is not permitted to provide investment and related services in Cyprus in accordance with the local Investment Services and Activities and Regulated Markets Law.
The Cypriot watchdog says that Pilpel Capital is not legally permitted to provide investment and related services in Cyprus as it has never been authorized nor regulated by CySEC, and also no notification has been received by the Commission from a competent authority of another EU Member State, pursuant to the above mentioned law and the MiFID “passporting” agreement.
On its website, Bloombex Options does not claim to be regulated in any jurisdiction offering binary options trading. However, according to material available on the site, it is open to clients from areas beyond Europe who require licensing, such as Turkey and Japan. The company’s main offices are also claimed to be located in London. This would require a UK Gambling Commission’s gaming license in order to operate locally in compliance with British law.
Suggested articles
Don’t Let Your Clients Fall Behind with Delayed DataGo to article >>
Join the iFX EXPO Asia and discover your gateway to the Asian Markets
CySEC has not offered an explanation as to why it released this message to the public today. Regulators in many parts of the world only issue warnings after local investors complain about getting cold calls from unregulated firms offering investments opportunities. Cyprus’ position as a major industry hub compels CySEC to issue warnings against firms operating in other markets at the request of fellow regulators.
I have invested $16000 USD in Bloombex-options under false pretence that I would be able to withdraw my money within 3 weeks with a $4000 gain. Bloombex put in a bonus of $16000USD . There have been losses and gains and my account now stands at $34000USD and they will not allow me to withdraw any of my funds. It has now been brought to my attention that I need to have a trading volume of 27 for each $1 bonus.?????? So they say the only way I can now have access to my funds is to put in another… Read more »
you should be able to drop the bonus if you ask for it, otherwise turn to their regulator