BBBmarkets is an unlicensed binary options broker that opened in August of 2016. BBBmarkets is owned by OB Capital Limited,BBB does not list a contact phone number on their website, but there is live chat.
Automated Trading Robot
The use of automated trading software is not allowed according to section 2.1 of the terms and conditions page.
WARNING: If you plan on using a trading robot, make sure you read this.
Most of them are actually scams, and you can see how the scam operates.
BBBmarkets Broker Review
BBBmarkets gives their clients the AirSoft binary options trading platform to use for trading. This trading system is becoming more commonly used by many new brokers. They have over 200 assets available including many Forex pairs, Stocks, Commodities and Market Indexes. Returns are as high as 86%.
There are 3 types of binary options, Short Term, Long Term & Count Down, but really they are all standard high low binary options with different expiry times. The main reason why investors enjoy the trading system has to do with the flexibility of option expiry times. You can choose really any time from from 60 seconds to 6 months.
The trading platform is only available in English, and the minimum deposit for new accounts is $250.
BBBmarkets License Check
The Scam Broker Investigator uses a simple test when reviewing binary options brokers to determine if they are legitimate or a scam broker. We always first check to see if the broker is licensed and regulated by CySEC in Cyprus, the CFTC in America, or ASIC in Australia.
BBBmarkets does not have a license, so if you are interested in using a licensed and regulated broker, you can find one here.
Their payment processor is MT Full Services EOOD, address 46-48′ Opalchenska Street, fl. 7, Sofia, Bulgaria 1303.
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”
You have more than 200 binary options brokers to choose from online. Find the best licensed brokers by looking here.
If you are already using the broker BBBmarkets, please share your experience for other traders in the comments below.