PlusOption offers a loyalty shop for its clients as well as offering occasional promotions and bonuses for their benefit. Their trading software is mobile and uses advanced technology while their customer support team can be contacted via numerous methods. With more than 150 underlying assets to choose from, PlusOption is a good choice for anyone who likes a lot of variety in their trading experience.
PlusOption is an online binary options broker that offers a great range of underlying assets for its clients to choose from across the categories of stocks, indices, currencies and commodities. With its own mobile app and speedy trading platform, PlusOption is a cutting edge brokerage service that offers educational resources to its clients as well as market reviews to enable them to inform their trades. Their user friendly platform simplifies investment for even novice traders and their simple withdrawal and deposit system makes the whole process a breeze.
PlusOption is owned and operated by a company called ACV Operations SRL with its base in Romania. Transactions through their website are protected by a strong layer of SSL encryption for the client’s peace of mind. This broker does not appear to be licensed or regulated by any recognised authority or body and does not accept any clients from several countries including:
- The USA
PlusOption has over 150 assets available for trading.
Currencies – 23
Indices – 19
Commodities – 7
Stocks – 102
Bonuses & VIP Programs
PlusOption offers a loyalty shop for its clients as an added perk of registering with them. It also states within its terms and conditions that it offers occasional bonuses to its existing and newly registered clients, however no specific details are made of the amounts of types of bonus involved. There is a required trading volume of 30 times the deposit amount in order to withdraw any profits from a bonus offer. Diamond account members have access to a range of extra perks and benefits as VIP members including higher payouts, invite to members only events, speedy withdrawals and the services of a personal analyst.
PlusOption offers a convenient 100% internet based trading interface which allows seamless and speedy access as well as fast trade execution without the need for any installations or downloads of memory intensive software. This also means that traders are not tied to their PC and can access their trading account and place trades from any internet enabled device as long as they are connected to the web from any location in the world and at any time. This broker also offers a convenient mobile app which can either be downloaded for free from the broker’s website or from the Google Play Store or Apple Play Store free of charge. Compatible with both Android and iOS devices, it allows traders to quickly place trades and access their accounts in the most convenient way from their tablet or smartphone while on the move and away from their desks, allowing them to take advantage of trading conditions at a moment’s notice.
Deposits and Withdrawals
PlusOption provides several different payment options for making account deposits and withdrawals. These include:
- Bank transfer
- Western Union
The minimum deposit amount is $250 and the maximum deposit amount for a single transaction is $10,000 if paid via credit card or Western Union, although there is no limit for deposits via bank transfer. Withdrawals can take up to 3 days to be processed, although higher level account holders benefit from a rushed process. Funds can take up to 5 days to appear in the client’s account. The minimum withdrawal amount is $100. The minimum amount which can be deposited via bank transfer is $500 and commissions of $25 is added to payments via this method.
The PlusOption client support team are available between 8 am and 5 pm GMT on Monday to Thursday and between 8 am and 1 pm on a Friday. The team are not available at the weekends to respond to queries or address any issues. They can be contacted via a number of methods including by:
- Live Chat
- Web form
- Telephone helplines in the UK, South Africa and Singapore
- Email (2 addresses, one for support and one for compliance)
There is also a frequently asked questions section of the website where rapid answers can be found to all of the most commonly posed questions.
The website is also available in 4 different languages including:
Extra Features and Resources
PlusOption offers an education centre for the benefit of its clients at all levels of experience including ebooks, videos and courses. Resources are offered for beginners, intermediate traders and experts to enhance their skills. There are also several relevant articles to read as well as well as market reviews and a useful glossary.
If you are considering choosing PlusOption as your preferred binary options broker, there are a number of positive factors to consider, however there are also some disadvantages too:
- Cutting edge trading software that is suitable for use by both experienced and novice traders
- 100% online trading interface requiring no installations or downloads
- Mobile apps for iOS and Android devices
- Instant customer support via the live chat facility
- Telephone lines in several countries
- Market reviews available
- Bonuses are available
- Four types of account to choose from
- Free educational resources for clients at all levels of experience
- e-Wallet methods of deposit and withdrawal are available
- Multilingual website
- SSL encryption for transactions
- Not regulated or licensed by any recognised authority
- Clients from the USA, Belgium, France, Israel, Canada and Australia are not accepted
- No 24 hour customer support
What types of options can be traded through Options Bank?
This broker offers 7 different option products including:
- Call/Put Options
- 60 seconds
- One Touch
- Spot follow
- Long Term
Can I trade with PlusOption using my mobile device?
Increasing numbers of traders are choosing to execute trades from their mobile devices like smartphones and tablets on a regular basis, so brokers like PlusOption are mobile optimising their platforms to ensure that they offer seamless access to trading accounts and trade executions from any internet enabled device through the provision of a 100% web based platform. As no software needs to be downloaded or installed, it is possible to use the online trading interface on any type of Android or iOS device from anywhere in the world. PlusOption also offers its clients a mobile app which can be downloaded free of charge to either an iOS or Android tablet or smartphone allowing for an even more convenient trading experience on the go.
Does PlusOption offer different account types?
PlusOption has four different types of account to suit the needs of both beginner investors and those with a lot of previous experience. Their Micro account is ideal for beginners and requires a minimum deposit of $250. Their Silver account is perfect for anyone who has some experience and who is ready to invest a little more with a minimum deposit amount of $2500. Gold account holders have access to a range of excellent benefits for a minimum deposit amount of $10,000. They can enjoy the services of a dedicated account manager, a personal analyst, and a risk management plan. Their top level account is the diamond account which requires a minimum deposit of $50,000. This account brings with it a host of perks including higher payouts, access to VIP events and faster withdrawals.
Does it cost anything to register with PlusOption?
It does not cost the client anything to register with PlusOption as their chosen binary options broker and there are no hidden fees or charges to worry about.
Which currencies can I use for trading with PlusOption?
PlusOption accepts three types of global currency for opening trading accounts for the convenience of its clients from all around the world. These include:
- US Dollars
- Pounds Sterling
Once you have selected your account’s base currency it is no longer possible to change your currency to a different one at a later date.