PlusOption is an unlicensed broker for binary options trading. They use the SpotOption software which is an online based trading platform that also has a mobile app.
Broker Quick Facts
|Broker Type:||Binary Options & Forex|
To review PlusOption we first looked at the software they’re using. This broker uses the SpotOption trading software, which is a very common software used by binary options brokers. The reason this trading platform is popular with many brokers, is that it allows multiple trading methods of options and assets.
You can easily find Classic Binary Options, Pairs, Ladders, Short Term and Long Term and OneTouch options. the short term or “60 Seconds” option has expiry times of 30, 60, 80, 180, and 300 seconds. And the Long term has expiry times of even 1 year in advance. These different option formats can be used to trade over 200 assets. To give a few examples, there are Currencies, such as the USD, EUR and the JPY. Commodities, like Oil and Gold. Indexes, like S&P 500 and FTSE 100, and Stocks such as Pfizer and Pepsico.
Forex and CFD trading is becoming more popular now, because it allows you to trade with added leverage. This can be in the ratio of 1:20 and even 1:500, this in turn, can generate a greater profit. These are also available for trading at PlusOption.
PlusOption offers a feature called “SpotFollow”, which allows you see which other traders are being successful. The idea is that you can copy their trades and try to profit like them. Customers of PlusOption have plenty of educational material available for them and some more when they open an account. This information is with online courses, video tutorials and E-books.
This is a multi-lingual company, and their site is available in these languages: English, German, Russian and Arabic. The company’s customer support is available 24/7.
PlusOption offers four different account types, with the minimum deposit starting at $250, See Here.
Mobile Apps, Signal and Automated Robots
PlusOption has an App available for download on Google Play and Apple itunes. It’s also linked to many automated trading robots, that use market signals to decide what trades to make.
Caution! Many people are brought to Binary Options trading through automated trading robots hoping to generate easy money while doing nothing. However, most of these robots are fakes, read more here.
If you are interested in a legitimate Automated Robot, you must first look at OptionRobot.com.
People very often have difficulties with Binary Options Brokers when it comes to withdrawal procedures. Therefore, we strongly emphasize the need to our readers to carefully review a brokers Terms and Conditions. This will help to verify what requirements they have. Many times it’s the bonuses that put restrictions on the withdrawal. Read our page about complaints to find out more.
License and Regulation
A binary options broker is a financial service provider, therefore, most governmental regulators issue special licenses to operate this type of business. Usually this might be the CFTC in the USA, the FSB in South Africa and CySEC in Cyprus (EU).
As of this writing, PlusOption does not have a regulatory license.
You would be doing yourself a favor in looking at our list of licensed brokers .
As with any service or product, it always pays to compare your options. Have a look at these other brokers who provide binary option trading.
The PlusOption binary broker website is operated by ACV Operations Srl. Their address is: 13th Stejarisului st, Section 4, Bucharest, Romania. Phone Numbers: United Kingdom: +44 20 3807 0195, Australia: +61 29 119 2982. Email: [email protected] | Website: www.plusoption.com