PlusOption Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this PlusOption Review.
PlusOption Review
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.
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.
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.
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.
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.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
PlusOption Review Conclusion
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