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PlusOption Review - Is it scam or safe?

PlusOption Review - is a good binary options broker or a scam?

RATING: 1.5 / 1 REVIEWS PlusOption
PlusOption is not regulated. We cannot guarantee your money is safe.

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





$2 500



$10 000


$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. 




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:




SpotOption available

Not regulated

Low minimum bet size  

No demo accounts

100% on-deposit bonus offered


Strategy Advisor Calculator available




Latest news about PlusOption
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
$100 Review Website

Traders` reviews for PlusOption
















Price feed















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Fraudulent Company

They made false promises, used lies, keep back important information, and would not follow any instructions given. While claiming to be professional traders, broker knew very little about trading. When account was in good condition they refused to refund my original investment, and then lost the whole account.

If you want your money, DO NOT give them anything. They are not to be trusted with anything.

Everett Errington 11/10/2017
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