Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Binary Options are prohibited in EEA

PlusOption Broker Review 2019

  • Min. Deposit $250
  • Min. Invest $25
  • Return 87%

As claimed by this broker, PlusOption is one of the leading binary options brokers in this industry. In our PlusOption broker review, we have made a detailed report about what PlusOption offers to its clients and what services are presented to its clients. PlusOption is not regulated by any financial regulatory agency but has implemented several security encryptions that should provide a certain level of privacy. This means that client’s data is safe and can not be accessed by the third party. PlusOption has even put their client’s funds on segregated bank accounts in order to show they are a serious binary player, no matter they are not regulated.

Our PlusOption review has revealed all important information about the trading platform, web-based approach, payment methods and much more. We have found out that PlusOption commits to its clients by providing excellence and the professional support to all traders. If it is so, we discuss it further in this PlusOption review.

PlusOption Account Features

Binary brokers tend to have several account types available for traders. This is because traders who join binary options trading have different experiences and different trading accounts. Therefore, brokers like PlusOption offer more than one account type. In fact, PlusOption has four accounts available for trading. After the traders register and make the initial deposit, they can work their way up toward accounts that supposedly offer more diverse trading opportunities.

For PlusOption traders, the trading account that has the smallest minimum deposit amount is the Micro Account. With a minimum deposit of only $250, traders can invest in at least 190 underlying assets. They also receive daily market review and trading alerts.

If traders want to upgrade their account and experience opportunities that offer higher profit possibilities, they can sign up for the Silver Account. This PlusOption account has a minimum deposit amount of $2500. It also provides 190 assets on the trading platform, daily market reviews, trading alerts and introduction from a personal account manager.

The most popular account for PlusOption traders is the Gold Account. This account has a minimum deposit amount of $10000. It includes all the benefits of the Micro and Silver account. However, the additional perks that come with the Gold Account are protected capital, financial plan, risk management plan, with a personal analyst and webinars.

For advanced traders who achieve high profits, Plus Option has the Diamond Account. With a minimum deposit of $50000 and all the benefits that are available in the Gold Account, traders also get more account benefits. Diamond Account also has a rushed withdrawal option, all tier trade rooms, an invite to VIP events, higher payouts, and special ventures.

PlusOption

PlusOption Trading Software

PlusOption broker is based on well-known SpotOption trading platform that is used by most binary options brokers. We have created a test account on PlusOption in order to feel the platform and review our point of view. Our PlusOption broker review showed that platform is pretty easy to use. When we speak about a visual aspect of the trading platform, PlusOption has decided to use subtle colors and clean design which help traders to have a better overview of their trading portfolio.

One of the specialties we have found on PlusOption is that traders are welcome to use the SpotFollow feature. SpotFollow is only available with SpotOption brokers and it is allowing traders to copy and parallelly follow other PlusOption traders, which is basically social trading. This option may help traders to develop their own trading strategy and to follow other successful traders.  

Another important thing we wanted to mention is that PlusOption supports various and most important trading options: One Touch, 60 seconds, High/Low, Long Term, Ladder options and Pairs. We like the fact that PlusOption is not just a binary options broker, it also provides Forex services. This way traders are offered with multiple services and they can trade both binary options and forex at the same time.  

PlusOption traders are welcome to experience trading with 22 currency pairs, 102 stocks, 7 commodities and 19 indices which are more than enough for every trader.

Like every modern broker, PlusOption has put a lot of effort to ensure mobile trading for its traders. Mobile trading can enhance the quality of trading which makes sense since traders are usually on the go. We are living in a modern age which means people are spending less time on their computer at home. We have to admit that we all love when broker offers more services especially when they are free of charge. PlusOption has ensured mobile trading for both iOS and Android users. In our PlusOption review, we have found out that traders that use mobile platforms, besides placing trades they can easily make deposit and withdrawal requests from the palm of their hand.

PlusOption Support Information

PlusOption provides a several ways of contacting their support team in case you have an inquiry or need assistance with your account and trading. They provide an online form where you simply fill out the necessary information and send them the inquiry.

There is also a contact form on their website where you can also send them a message and just provide them with your name and email address. Traders can also contact PlusOption via several phone numbers for the following countries: the United Kingdom, Australia, Singapore, and Belgium. Our PlusOption review has shown that this broker does not provide live chat support which we found a bit odd, but at least traders can call them or send a query through the contact form.  

Other than the Customer Support that seems to provide easy and effective means of contacting them, traders can further inform themselves in their Education center. Available on PlusOption website, the Education center provides ebooks, course, and videos about binary options trading and how to expand your trading experience. There is also additional Glossary section that could help traders learn the terminology used in binary options trading.

PlusOption

PlusOption Company Information

PlusOptions is operated by Tradeplus Solutions Ltd.

PlusOption provides information regarding deposits and withdrawals that are useful for traders who place their first deposit and request their first withdrawal.

Before traders make their withdrawal request, their documents need to be verified by PlusOption first. Traders need to send their documents and once the broker verifies their authenticity, you are free to request a withdrawal. PlusOption has a minimum withdrawal amount of $100 (or other currencies like 100EUR/GBP). For withdrawals over $100, only bank transfers are allowed. Deposits that go over the amount of $10 000 can only be done through bank wire.

Withdrawals can be done with credit cards or with bank wire transfer. It is important to know that traders that have accepted certain bonus must meet necessary bonus requirements in order to withdraw their funds. PlusOption has prepared bonus policy in order to learn more about their requirements. In our PlusOption review, we haven’t found that this broker charges traders with any additional fees, but it is good to contact customer support team to find out this information.

Traders can make the deposit with the following payment options: Visa, Maestro, MasterCard, MasterCard SecureCode, Diners Club International, Swift, Nasdaq, Dowjones, Deutsche Borse Group.  

Traders should have in mind that trading with binary options could include potential financial risks. Traders can minimize their own investment risk by educating themselves on binary options trading.  

PlusOption - Review Conclusion

  • Excellent SpotOption platform
  • Not regulated