PlusOption Review - Is it scam or safe?

LIVE ACCOUNT DEMO ACCOUNT
2.0 5 RATING
0 REVIEWS

Basic Information

 

Minimum deposit  Min /Max bet size Payout % Bonus Trading platform Regulation
$250 $2/ $5000 Up to 81% 100%   SpotOption No

 

PlusOption is a binary options broker, offering trading in 190 financial assets on the SpotOption binaries platform under reasonable trading conditions.  

Besides, this broker focuses on training – there are a number of educational articles on its website, as well as the Plus Academy section, intended for both beginners & advanced traders.

 

Trading Accounts

 

PlusOption offers its clients a choice of five basic account types, depending on the initial deposit: Micro, Silver, Gold, & Diamond.

 

Account type

Min. initial deposit

Daily Market Review

Financial & Risk Management plan

Micro

$250

- 

Silver

$2 500

-

Gold

$10 000

Diamond

$50 000

 

The Company. Security of Funds

 

Launched in 2015, PlusOption website and trademark are owned by ACV Operations S.R.L, a company based in Romania, which is not regulated. 

 

Binary options brokers have increasingly bad reputation in Europe lately, as many of them, especially non-licensed ones, turn out to be scams. That is why we advise traders to choose among brokerages who are regulated by a reputable authority, and preferably those who are covered by some compensation scheme.

 

Trading Conditions

 

Trading Options: Binary, Pairs, 60 sec, Long term, One touch, Ladder,

Assets:  Currencies, Stocks, Indices, Commodities

Expiry times: 60 sec, 90 sec, 120 sec, 180 sec, 300 sec, 1 h, 2h, 4h, 8h, 2 – 7 days (long term)

 

Minimum Initial Deposit

The minimum initial deposit for clients of PlusOption is $250, which fits the industry standards. In comparison, traders have to invest at least $200 in order to open an account with CherryTrade, a company out of the Caribbean, which also is not licensed.

 

Min. bet size

The minimum bet size with this broker is $25, which is a bit high. With CherryTrade one can place a trade with just $5. Low minimum bet sizes allow for better risk management.

 

Payout amount

Depending on the Trading Options and expiry times, payout percentage offered by PlusOption reaches 81% on classic binary options, which is in the lower end of average.

 

In comparison, payout percentage offered by CherryTrade also ranges from 71% to 81%.  On the other hand, the return percentage offered by 24 Option reaches 89%.

 

Trading Platform

 

PlusOption uses one of the most popular platforms for trading in binary options - SpotOption. Being entirely web-based, simple and user-friendly, the platform offers a variety of trade options such as: HIgh/Low, 60 Seconds, One Touch, Pairs and Ladders and Long Term.  Double-Up and RollOver features are available on PlusOption’s platform.

 

Besides, the platform offers a trading tool used for regular binary options trading that allows traders to choose from three well known data analytic strategies that can assist by providing further insight into the behavior of an asset. Once the trader has chosen one of the three strategies, the Strategy Advisor Calculator will calculate the data and will provide a call/put recommendation based on previous expiries of the asset.

 

In addition, there is also an option to follow the most successful traders by using Spot Follow.

 

 

On-Deposit Bonus

Welcome bonus of 100% of the initial deposit is available to clients of PlusOption, which is quite an attractive offer.

 

Keep in mind that clients will be required to have a total trading volume of at least 20 times the amount of the Bonuses, plus their deposit amount, in order to be able to withdraw the bonus amount.

 

Methods of Payment

 

There are several payment methods available to PlusOption’ clients: wire transfer, credit/debit cards, Western Union and e-wallets Skrill, Neteller, China Union Pay, etc.

 

Note that the minimum withdrawal amount is 100 EUR / USD / GBP and a commission of $25 is added to wire transfers. 

 

Conclusion

 

PlusOption is a relatively young binary options broker, offering reasonable conditions for trading in wide range of financial assets on the SpotOption platform. Our major concern with it is the fact that it is not regulated. To sum up the above, here are the advantages and drawbacks in relation to this broker:

 

Pros 

Cons

SpotOption available

Not regulated

Low minimum bet size  

No demo accounts

100% on-deposit bonus offered

 

Strategy Advisor Calculator available

 

 

 

Forex
Latest news about PlusOption
Broker Country Regulation Min deposit Max payout Review
Seychelles FinaCom $10 86% Review Website
Cyprus CySec $200 89% Review Website
Cyprus CySec €100 85% Review Website

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for PlusOption Add review

Forex