• BeeOptions

  • Regulated:  No
Broker Name: BeeOptions
Platform: SpotOption
Founded: 2012
Bonus: 25%
Return/Refund: 60-85%/0-10%
No. Of Assets: 100
Regulated: No
Demo Account: No
Minimum Deposit: 150
US Traders: Accepted
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BeeOptions Review

by Martin Kay

Editor’s Note – Why Does BeeOptions Suck in 50 Words

Lately I see brokers struggling with the Option Builder tool: it’s either missing or broken…and “broken” is my word of choice for Beeoption’s Option Builder. I can select the Asset I want to trade, but when I get to the expiry time, no matter what period I input, a message will appear, informing me that I have selected an “Invalid Expiry Time”. The message also tells me that I’ve chosen an invalid risk/profit combination, but I fail to see how that is possible because I didn’t even get to the part where I select the profit/loss amount. Basically BeeOptions is just too small a broker to be able to fully utilize the tools available on their SpotOption white label platform.


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Why BeeOptions doesn’t Suck

BeeOptions is a SpotOption based broker so there are some good things too. If you are looking any particular asset, you will probably find it on Beeoptions; you name it, they’ve got it. Well, I might be exaggerating a bit, but you can trade on 131 assets. That’s quite a big basket and I don’t think a trader will ask for more. When you have such a wide variety, you can be sure to find a trade that suits your requirements so the lack of opportunities is not a problem with Beeoptions. Complimenting that is a nice selection of short and long term expiry to suit any style of trading.



BeeOptions Review – All Bees Buzz the Same?

BeeOptions are owned by UKTVM Ltd., located at 37a Chippenham Mews, London, W9 2AN, United Kingdom with phone number +44-203-695-0389 (United Kingdom) and e-mail: [email protected]. The company is not regulated so obviously we cannot provide you with a license number. According to their website, “processing” is provided by Greymountain Management Ltd. 3rd Floor, Ulysses House Foley St., Dublin 1, Dublin but we have limited information about what processing really means. I find the website pretty well structured and with good overall functionality. Beeoption’s platform is provided by Spotoption and although I said the “overall functionality” is good, there are still a lot of things to improve (they should start with the Option Builder). They offer tools like Roll Over and Double Up, One Touch Options or a Pro Trader chart and you can also download for free an e-book which sums up all the info available on the website. The problem with the ebook is that it doesn’t provide any eye-opening insights about trading or chart analysis. The daily market review is up to date, but it’s exactly that: a review of what happened…not too helpful if you ask me. On the other hand, the weekly market review gives a heads-up on the most important upcoming economic events and a trader can find some value in it.


Beeoptions main type of trading is the standard digital high/low but they also have touch options and pairs. Beeoptions provides the possibility to trade 60 second options and probably one of their best features is the fact that everything on the 60 second platform is larger than normal. If I think of it, that’s how 60 second trading should be done because the trader cannot spend time looking for the buttons or “aiming” with the mouse. Big buttons allow a faster operation when things start to heat up and time is of the essence. Expiry ranges out from 60 seconds to two minutes, 5 minutes, 15 min out to end of day, end of tomorrow, the week, next week, the month and out up to 6 months from purchase.


Overall, Beeoptions is just a regular broker, with no major pros or cons. Everything they do has been done before and no features make them stand out from the crowd. Why would I choose them? I have no idea. They are just…another SpotoOption broker and one that doesn’t even use all the features a top SpotOption broker is known for.



Is Beeoptions a Scam?

No evidence points towards a scam and I think the only thing Beeoptions can be “accused” of is their mediocrity. There are some complaints about withdrawals so you better beware. Other than that, they seem ok and the fact that I could easily find information about them (address, owning company) makes me think that no scam is going on. However, more detailed research must be conducted by a trader who thinks about investing with Beeoptions.


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Beeoptions Complaints

While searching the major forums, review websites and chat rooms, I found quite a few feedback. Comments on reviews of Beeoptions are mixed. Some people love them, some think they are a total scam. I think that in the middle lies the truth. The glowing reviews are probably affiliate marketers blowing smoke up your back side while the very worst most likely poorly prepared traders who lost money, took bonuses or failed to provide proper documentation. Regardless, there are better brokers to choose from.


Beeoptions Bonus

I’ve been told by their Live Chat that for a minimum deposit of 150 USD/EUR/GBP, I will receive a bonus of 50 USD/EUR/GBP and if I deposit 1K or more, the bonus will be 25%. That’s not too high and not too low but the wager is 30 times the deposit + bonus which I consider is too high, considering you cannot withdraw your deposited money before you reach that trading volume. Other promotions come with enticements like 250%, or an iPad, but all come with trade volume minimums that must be met and if you take more than one bonus you may never get to make a withdrawal.


Beeoptions Withdrawal

The minimum withdrawal for credit cards is 20 USD/EUR/GBP and for wire transfer is 100 USD/EUR/GBP, low compared to other brokers. Beeoptions offers you one free withdrawal per month and additional withdrawals will be charged 20 USD/EUR/GBP for credit cards and 30 USD/EUR/GBP for wire transfers. It will take up to 14 days to receive your money but no withdrawals are allowed if you have not cleared bonus requirements.


Beeoptions Extra

I don’t think I can consider anything on their website an extra: the e-book contains the same info that I can find on the website and the market review is starting to be a standard for more and more brokers so it starts to move out of the “extra” category. They have what every other SpotOption broker has and no more.



BeeOptions Ratings

User Friendly 16/20

The website is offered in 3 languages, the live news feed and the tutorials are easy to find and the large buttons on the 60 second platform are a plus when it comes to user friendliness.


Number of assets and expiry times 18/20

Beeoptions offers a very large basket of assets: 66 stocks, 17 currencies, 8 commodities and 40 indices so you will have no problem finding an asset to trade. Their expiry times range from 60 seconds to 15 minutes, hourly and close of the day. One Touch options are available too and an Option Builder.


Commissions, Support and Effective return 16/20

There are no fees to open an account, the Live Chat representative was actually helpful and answered my questions without too much tail chasing. The effective return ranges from 60% to 85% depending on the asset.


Deposit, Payment and Bonus 14/20

The minimum deposit is 150 USD/EUR/GBP and can be made using a credit card, e-wallet or wire transfer. For a credit card withdrawal you will be charged a fee of 20 USD/EUR/GBP and 30 USD/EUR/GBP for a wire transfer; the first withdrawal in the month is free of charge. For the minimum deposit you will receive 50 USD/EUR/GBP bonus and for deposits higher than 1K the bonus is 25% according to Customer Support. The wager is high: 30 times bonus + deposit


Website Extras 11/20

Like I already said, they don’t have any unseen before features but the market review and the e-book got them a few points.



BeeOptions Overall Rating 75 – *Low User Rating (-5) = 70/100

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 *In case a broker receives a low user rating bots (X<50) our team deducts 5 points of the overall ratings.