BBBmarkets (bbbmarkets.com) is a fairly run-of-the-mill binary option brokerage, which offers its traders a decent platform and an equally decent selection of underlying assets, covering the most popular commodities, stocks, indices and currency pairs. BBBmarkets is a very straightforward – one might even say: barebones – operation in every way. It only features three different option types: long term, short term and countdown, but at a closer look it becomes obvious that these are all basic Put/Call options, with different expiry times. Available for PCs, mobile phones and tablets, the trading platform itself is similarly no-nonsense in nature. It is easy on the eyes and it is easy to understand as well. Its execution speed is touted as “world class” although such claims are never easy to verify.
The BBBMarkets Trading Platform
BBBMarkets uses the AirSoft binary options trading platform. The platform is in English and supports a little more than 100 tradable assets, including assets such as commodities, indices, forex and stocks. Returns go up to a very common 86%. Minimum deposit is $250. Expiries range from 60 seconds to 6 months.
Who is Behind BBBmarkets?
Although the official BBBmarkets site (bbbmarkets.com) does have an About Us section, it is very tight lipped in regards to actual information about the entity behind the website. The said page is filled with a general blurb, extolling the various virtues and accomplishments of the operation.
From the Contact section we learn though that the corporate entity behind the online brokerage is based at Trust Company Complex, Ajeltake Road , Ajeltake, Island, Majuro, Marshall Islands MH96960.
That alone is not particularly trust-inspiring, since the Marshall Islands are usually chosen as home-base by quite a few shady operators. What’s even worse though is that the payment processing department of the operation is located elsewhere. The address is: 46-48′ Opalchenska Street, fl. 7, Sofia, Bulgaria 1303 and the name of the company is MT Full Services EOOD.
The domain bbbmarkets.com was registered July 19, 2015. Its current owners are using a privacy service to hide their identities, as can be seen in the following whois.com screenshot.
BBBmarkets’ payment processor apparently is MT Full Services EOOD, address 46-48′ Opalchenska Street, fl. 7, Sofia, Bulgaria 1303.
There is just no way around the fact that BBBmarkets is not regulated or licensed. There is no national or international regulatory agency with whom the site is registered or affiliated in any shape or form. Generally, we do not recommend unregulated brokers, and we cannot make an exception in this case either.
Despite not being regulated, BBBmarkets adhere to some very strict KYC and AML policies, which essentially means that their clients have to be prepared to jump through countless ID-verification hoops.
The BBBmarkets support can be reached through a contact form, as well as through a couple of dedicated email addresses: firstname.lastname@example.org and email@example.com.
There is no phone- or live chat support available.
In this regard, BBBmarkets have apparently gone way above and beyond the call of reason. They support no fewer than 7 account types, in addition to their Islamic trading accounts. They do not offer a demo account though.
The Micro Account is the smallest, requiring a deposit of just €250. The Standard and Gold accounts require deposits of €1,000 and €5,000 respectively. The Platinum Account starts at €25,000, while the Diamond one at €100,000. The stakes are further upped by the Elite Account (€250,000) and the VIP Account, which requires a €500,000 deposit.
At the time of posting this review, BBBmarkets.com had an Alexa global rank of 2,265,703. This indicates the site is not very popular. Most of its traffic is from Macedonia, Iceland, United Kingdom, South Africa and Saudi Arabia. More than 30% of its traffic is referrals. They also get a lot of traffic from an email campaign.
BBBmarkets Review Conclusion
While its overall offer is decent, as is its trading platform, BBBmarkets does not look like a destination one would deposit €25,000 with, if for no other reason, then simply for its lack of regulation/licensing.