PlusOption, the Binary Options Broker with Endless Trading Possibilities.

Rating section:

Bonuses: 0/100
Software: 80/100
Customer Support: 60/100
Options Choice: 80/100
Overall: 70/100

Summary:

We rated PlusOption bonus section as 0/100 as the broker currently does not have bonuses to offer its traders. For the trading software, PlusOption earned a score of 80/100 due to the powerful features found on the trading platform. For customer support, PlusOption rated a modest score of 60/100, as the support hours are limited to normal office hours. Regarding the option choices at PlusOption, the broker earned a high score of 80/100 due to the wide range of option contracts that are available for trading.

Nowadays, binary options traders literally have hundred of brokers to choose from on the internet. Most of these binary brokers tend to focus on getting traders to sign on as quickly as possible by enticing them with all kinds of offers. While these offers may work on traders who already have some sort of trading experience, beginner traders are another matter. This group of traders tend to be extra careful and often lack the knowledge that will give them a foundation to make the correct trading decision. For this category of traders, the right binary options broker for them would be one that provides a comprehensive educational package,

Trading Platform

As for the trading platform used by PlusOption, the broker has adopted the SpotOption powered Gen 2 trading platform. The platform is well-known in the binary options trading circle as an extremely user-friendly trading platform. The trading screen features a very simple design that even lets first timer to navigate through the platform easily. Users of the trading platform can also easily toggle the line chart and candlesticks chart. In addition, the time frame of the chart can also be altered from 2 days to 7 days.

Mobile

In today’s wired world, more and more people are spending time and communicating through their smartphones and mobile devices. The same trend is also happening in the online financial trading world. It has been said that more than 50% of online traders are trading the markets from their smartphones and mobile devices.

Understanding that there is a huge demand for mobile capable platforms, PlusOption has also provided their traders with an Android based mobile trading app. The mobile trading app is available free of charge and can be downloaded from Google PlayStore. With the mobile trading app installed onto their smartphones, PlusOption’s traders can now access the markets directly from the palm of their hands.

Assets available

PlusOption coverage of the markets is quite extensive. Traders will find that there are choices of forex, stocks, commodities and indices to trade with. Altogether there are more than 150 underlying assets covered by PlusOption. The following table below shows the complete range of underlying assets presently covered by the broker.

Forex

Stocks

Commodities

Indices

AUD/CAD

AUD/CHF

AUD/JPY

AUD/NZD

AUD/USD

BITCOIN(BITSTAMP)

CAD/JPY

EUR/AUD

EUR/CAD

EUR/CHF

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

USD/RUB

USD/SGD

USD/TRY

USD/ZAR

ADIDAS

AIG

ALIBABA

ALLIANZ SE

ALPHABET (Google)

AMAZON

ANZ BANK

APPLE (US)

AXIS BANK

BAE SYSTEMS (LONDON)

BAIDU

BANCO SANTANDER

BANK OF AMERICA

BARCLAYS

BASF AG

BAYER AG

BHP-AU

BLACKBERRY

BMW

BOEING

BP (BRITISH PETROLEUM)

British American T

CATERPILLAR

CITI (US)

CK HUTCHISON

COCA COLA (US)

DAIMLER AG

DELTA AIR LINES

DEUTSCHE BANK

DISNEY

E.ON AG

EBAY

EXXON MOBIL

FACEBOOK

FedEX

FERRARI

GAZPROM (RUSSIA)

GENERAL ELECTRIC

GENERAL MOTORS

GoDaddy

GOLDMAN SACHS

GROUPON

HSBC HOLDINGS (LONDON)

HSBC-HK

IBM

INTEL

JOHNSON & JOHNSON

JP MORGAN CHASE

LAS VEGAS SANDS

LLOYDS BankL

LOCKHEED MARTIN

LUFTHANSA

LUKOIL (RUSSIA)

MASTERCARD

MAZDA MOTOR

McDONALD’S

METRO AG

MICRON

MICROSOFT (US)

NETFLIX

NIKE (US)

NISSAN MOTOR

PAYPAL

PEPSICO

PETROBRAS

PFIZER

PROCTER & GAMBLE

THOMSON REUTERS

Rio TintoRIO TINTO

RIO-AU

ROLLS ROYCE (LONDON)

ROSNEFT’

S.BANK INDIA

SALESFORCE.COM

SANDISK

SAP

SBERBANK (RUSSIA)

SIEMENS AG

SINA

SONY

STARBUCKS

SUMITOMO MITSUI

TATA MOTORS (INDIA)

TATA STEEL

TELEFONICA

TENCENT HOLDINGS

TESCO

TESLA MOTORS

TEVA .TA

TOSHIBA CORP

TOYOTA (US)

TURKCELL (TURKEY)

UNICREDIT

VODAFONE

VOLKSWAGEN

WAL-MART

WEIBO

WYNN RESORTS

YAHOO

YANDEX N.V

COFFEE

GOLD

OIL (LIGHT SWEET CRUDE)

PLATINUM

SILVER

SUGAR

WHEAT

BOMBAY SE

DAX (GERMANY)

DOW (US)

DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX)

FTSE 100 (UK)

HANG SENG (HONG KONG)

ISE 30 (ISTANBUL STOCK EXCHANGE)

KL FUTURE

KUWAIT (KUWAIT GENERAL INDEX)

MICEX 10 (MOSCOW INTERBANK EXCHANGE)

MSM 30 (OMAN)

NASDAQ (US)

NIKKEI225 (JPN)

RTS (RUSSIAN TRADING SYSTEM)

S&P 500 (US)

SSE180 (SHANGHAI STOCK EXCHANGE)

TADAWUL (SAUDI STOCK EXCHANGE)

TEL AVIV 25

TOPIX

Bonuses, Account Types and VIP Programs

The trading accounts at PlusOption are categorized into 4 types. They consist of the following:

Micro Account (Minimum deposit$250)

Daily Market Review
Trading Alerts

Silver Account (Minimum deposit $2500)

Daily Market Review
Personal Account Manager (Introduction Ony)
Trading Alerts

Gold Account (Minimum deposit $10,000)

Daily Market Review
Financial Plan
Personal Account Manager
Personal Analyst & Webinars
Risk Management Plan
Trading Alerts

Diamond Account (Minimum deposit $50,000)

All tier trade rooms
Daily Market Review
Financial Plan
Higher payouts
Invite to VIP events
Personal Account Manager
Personal Analyst & Webinars
Risk Management Plan
Rushed Withdrawal
Special Ventures
Trading Alerts

The extra perks which the diamond holders (VIP Programs) are entitled to include additional payouts and invitation to special events. These accounts are granted privilege access for special ventures.

Fees, Payouts and Trading features

For binary options trading, there are no additional fees involved when trading the markets. The premium paid for the option contract traded is the entire investment cost which a trader has to come up with.

As for the return on investments, traders at PlusOption can expect a maximum payout of up to 81% on classic binaries. However, it is still possible to achieve a higher percentage return of more than a 100% when trading on contracts such as One-touch options. In addition, VIP traders are also entitled to additional payouts over traders with other types of trading account.

One of the key attractions of the SpotOption powered trading platform is the fact that you get a lot of choice in terms of option types. With PlusOption, you have a choice of 8 different types of option contracts to trade with such as Classic Binaries, 60 Seconds, Long Term, One Touch, Pairs, FX/CFD, Ladder and Spot Follow.

Deposits and withdrawals

For deposits and withdrawals at PlusOption, the broker offers a wide selection of payment options. These payment options include Credit/Debit cards such as Visa and MasterCard, eWallets such as Skrill, WebMoney and QiWi. Alternatively, you can also fund your account with Bitcoin and bank wire transfer. For withdrawals, the same methods for deposits can also be used at PlusOption.

However, traders have to note that the minimum withdrawal amount is $100. While PlusOption processes all withdrawal requests without any delay, it can take up to 10 business days for the withdrawn funds to be posted to your bank account balance.

Customer support

A present, PlusOption’s website is available in 3 different languages, English, Russian and Arabic. Traders can contact the customer support representatives through methods such as email, live chat, web contact form and the telephone. Unfortunately, the support service is not available on a 24 hours basis. Instead, PlusOption’s clients can only contact the support team from 8am to 5pm (Monday to Thursday) and 8am to 1pm (Friday).

Extra Features and Resources

A major plus point about PlusOption is the extensive array of informative materials which the broker has provided to traders. These educational resources are freely available and cover a wide range of topics. In fact, PlusOption trading academy is one of the most comprehensive that we have to come across so far. Their FAQ is also fairly detailed. It is divided into 5 main sections, support questions, platform questions and account specific questions, funding questions and trading questions.

Verdict

From our observation, PlusOption is a binary options broker that is worth considering. With its user friendly trading platform and comprehensive trading academy, the broker is particularly suited to those traders who are just starting out.

Pros

8 types of option contracts
Comprehensive Educational Package
Multiple choices of trading accounts
User Friendly Trading platform
Wide range of underlying assets

Cons

Limited Support Hours
No Demo Account

FAQ

Is PlusOption a trusted broker?

Yes, PlusOption is a trusted broker. They have been operating since 2014.

How do I open trading account?

To open a trading account at PlusOption, simply fill out the registration form and submit it with all relevant documents.

What is the minimum deposit at PlusOption?

The minimum deposit at PlusOption is $250.

How does it take to make a withdrawal?

For withdrawals through eWallets, the withdrawn funds are deposited immediately after the withdrawal request has been approved. For withdrawals through bank wire transfer and credit cards, the process can take up to 10 business days to complete.

What payment methods are supported by PlusOption?

PlusOption accepts deposits and withdrawal through major credit cards, eWallets and bank wire transfer.

TRADE AT PLUS OPTION

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