Warning: Rumelia Capital is not licensed or regulated by the CFTC.
Rumelia Capital is an unlicensed binary options broker that opened in July 2016. Their website say that whitelabel solutions are provided by: Atmosphere Management, Ltd. Office 29, Clifton House, Fitzwilliam Street Lower, Dublin 2, Ireland.
Rumelia Capital’s phone number is; USA: (347) 487-4062 and in the United Kingdom: +44 203 514 7061.
Scam Trading Apps
The automated trading software video you saw is a scam, read why.
Rumelia Capital does not allow you to use an auto trading system. In their terms and conditions (section 15.2) they write;
If you integrate an automated or semi-automated device on the Rumelia Capital browser or platform in lieu of your personal interaction or utilize a backdoor API; we will consider your activity system abuse and we will nullify your position or cancel your account with Rumelia Capital.
Rumelia Capital Review
The binary options trading system you see at Rumelia is a plain system which is mostly used by “robot brokers”. You can see other brokers like Glenridge Capital who also use this trading software. Their platform only has high/low binary options at multiple expiry times from 60 seconds until 1 years. Returns on EUR/USD options are only 70%.
Minimum deposit for new accounts is $250.
Rumelia Capital is Not a Licensed Broker
The first item we check when we review a binary options brokers to find out if they are a legitimate or scam broker is a license. If a broker has a license, it should be from CySEC, ASIC, MAS or CFTC. Your country of residence determines which broker is legal for you. To see an up to date list of licensed brokers, look here.
Rumelia Capital does not have a license.
The primary reason that investors only trade at a licensed broker, is to ensure they will not have problem withdrawing their funds.
On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
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.”
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