PlusOption (No Binary Options) Review

PlusOption (No Binary Options) Logo Max Bonus: 100%
PlusOption (No Binary Options) Home Page Screenshot PlusOption (No Binary Options) Trading Platform Screenshot
Broker PlusOption (No Binary Options)
US Traders Accepted
Company Name Tradeplus Solutions Ltd.
Headquarters London, UK
Regulation No
Bonus Type Match bonus
Bonus Size 100%
Max Payout 87%
Out-of-Money Reward 0%
Trading Platform SpotOption
Deposit Options Credit/debit cards, wire transfer, Ticket Surf, Todito Card, Trustly, TrustPay, UseMyBank, CashU, Boleto, DineroMail, eCard, eKonto, EPS, Euteller, eWire, Giropay, iDeal, Lobanet, QIWI, Fast Bank Transfer, AstroPay, BankLink, Mister Cash, Moneta.RU, Skrill, Neosurf, Paga, paysafecard, PayU, PlusPay, POLi, Postepay, Przelewy24, SOFORT, Sporopay, Swiff, TeleIngreso, Yandex Money, Abaqoos, Baloto, Bitcoin
Deposit Currencies US dollar, euro, British pound, Canadian dollar, Australian dollar, Japanese yen, Chinese yuan
Minimum Deposit $250
Minimum Trade $5
Maximum Trade $2,500
Online Since 2015
Trading Instruments Currencies, commodities, stocks, indices
Number of Trading Instruments 56
Binary Option Types High/Low, One Touch, Long Term, 60 Seconds, Pairs
Customer Support Types Email, web form, live chat, telephone, paper mail
Education Offered FAQ, glossary, eBook, videos
Tools Offered Strategy training, SMS signals, interest, double up, early close, rollover, economic calendar
Languages English, Russian
Demo Account No

PlusOption is not a binary broker anymore. The review below is presented for the archiving purposes.

PlusOption is a London-based binary options website which is owned by Tradeplus Solutions, Ltd. Tradeplus owns a couple other binary options websites, including Option365. The two websites are similar in that they both target Russian customers. Whereas Option365 actually has some positives going for it, PlusOption is a pretty weak site. Like Option365, it has informational gaps and load problems, and thanks to an error with the account creation screen, it is impossible to get a good look at the trading platform.

What Happens When You Try to Open an Account?

Fill out the fields to open an account on PlusOption in Chrome or IE and you will get the same error. No matter what country you put in, you will be told that your country is not accepted, even though countries which actually are unacceptable (like the US) are not available in the drop-down list. There seems to be no way to get through this screen. Unfortunately, there is no way to view the SpotOption trading platform at all because of this problem. There is no direct link in the menu to the trade room.

A Ton of Deposit Options

Were you able to make it past this screen somehow and deposit your money, you could use well over two dozen different e-wallets to make your transaction, or your credit or debit card. $250 is the minimum you need to get started, and you can trade in US Dollar, Euro, British Pound, Australian Dollar, Canadian Dollar, Japanese Yen, or Chinese Yuan Renminbi.

As far as fees go, that is one of the information gaps on this website that is also present on Option365. While no fees are specifically mentioned, there is also no notice proclaiming that there are no fees. Since the website does not actually say this, it seems entirely possible and even likely that there are fees, but that they are not being disclosed. It would be quite unusual for example not to set fees for wire transfers, and there are usually a number of limits and restrictions on withdrawals. As a trader, I would feel a lot more comfortable depositing if I knew those limitations in advance.

On the bright side, PlusOption is quite generous with bonuses. You can get a match bonus on your first deposit up to 100% on $3,000 or more. Additionally, you can get a second deposit bonus up to $5,000. Not many brokers offer this. You can also get a few risk-free trades (3, 4, or 5, depending on which inconsistent page on the site you read). If you refer a friend, you can enjoy a 10% bonus.

Trading on PlusOption

Since there is no way to view the trade page right now, it is impossible to comment on it directly. Since it is SpotOption, however, it is easy to guess what the interface looks like and how it works. SpotOption is a big white-label platform, and odds are you already know how to use it if you have traded anywhere else.

You can apparently trade on your mobile device, and the website says there are apps available, but if you go looking for them on Google Play and iTunes, you will not find them. The Mobile Trading page itself is blank. This probably means the company is working on this feature and will provide it in the future.

Types of options available to trade include High/Low, One Touch, Long Term, 60 Seconds, and Pairs. This is a pretty standard selection with a good range of expiry times and a reasonable amount of variety. Is it incredible? No, but it is not bad either. You can trade as little as $5 on fast options or $25 on all other option types, and as much as $2,500. This is actually an improvement over Option365, which forces you to invest at least $10 on fast options. There are 56 assets you can trade, including currencies, commodities, stocks, and indices.

Limited Resources, Customer Service Is MIA

There are three different account sizes. If you start with the minimum deposit, you can qualify for a Mini account, which includes monthly strategy training. At $500 and up, you can qualify for the “Popular” account, which includes a 50% bonus, bi-weekly strategy training, 1 risk-free trade, 1 daily SMS signal, and 3% interest (the interest is a cool feature).

At $3,000 and up, you get a Premium account. This one comes with a higher bonus (75% according to the account page, even though other pages on the site list 100%). You get weekly strategy training, 3 risk-free trades, 2 daily SMS signals, and 5% interest. There is a major catch, though! The minimum stake is no longer listed at $25. Suddenly it jumps up to $50! While this is less than 3% of $3,000 (a responsible investment amount), it still seems rather ludicrous to force someone to invest more just because they theoretically can. You should be able to control your own money management plan.

The only other resources on the site are an FAQ, a glossary, an eBook (apparently; it did not load when I looked for it), and a set of videos. The selection is mediocre at best, and the accounts themselves really do not include a whole lot of extra features.

I did look for customer service on live chat on a weekday and was unsurprised when they were not available, despite their claim they offer 24/7 service. This was the case with Option365 as well. In theory, you can also reach them via telephone, web form, email or paper mail, but I am not impressed by the fact they have failed to staff live chat on not one, but two, websites.

Conclusion: Stay Away

I really cannot find a lot of reasons to recommend PlusOption. The fact they offer interest on accounts is nice, and their bonuses may be exciting to traders who value extra cash. Aside from that, though, there are a lot of problems. The website design is poor, the sign-up form is faulty, there are informational gaps and inconsistencies all over the place, and no one is staffing the chat desk. Worse, these problems appear to be a pattern for Tradeplus Solutions. Until they clean up their act all around, definitely look elsewhere for your next broker.

Visit PlusOption (No Binary Options) →

17 Traders' Reviews

  1. IGOR reviewed PlusOption (No Binary Options)

    Stay away from PlusOption.

    No contact you when you need somebody.

    Big problems about withdrawals.

    BAD BAD BAD no regulations.

    Find other company

  2. Karen reviewed PlusOption (No Binary Options)

    I aggree. Plusoption is still processing my verification. Every time they say they say they will update me.

    Is it because i want a refund.

    PLEASE STAY AWAY FROM THEM.

    • Roger reviewed PlusOption (No Binary Options)

      I have been waiting on a ‘registration’ reply since 21st March 2016,when I made my deposit,dealt with a certain ‘Aldo Miller’,never heard from them ever since..!!

  3. Naser Thaher reviewed PlusOption (No Binary Options)

    plusoption is very poor specially when you work with non proficiency people like Giorgi friedman ,aigor arlov,Stas And Mark,stay away from this company,Once make deposit you will never be able to get your money back

  4. aaa reviewed PlusOption (No Binary Options)

    Guys,
    File complains here
    INTERPOL at http://www.interpol.int/Forms/Contact_INTERPOL – this is just so INTERPOL also receives complaints from all of us who have been scammed first pending official reports lodged by our respective police departments globally.

  5. Denis reviewed PlusOption (No Binary Options)

    i also put in $250.00 and they are asking me to put in another $2500.00 for a managed account. But i didnt and i made withdrawal request 11.4.2016. till now i didnt get my money, they ignore my request and dont want to aprove it

    plus option are scammers and dont belive IGOR ORLOV, MAXIM VERSHNIN, STEVE TRAVOR…

    keep away from them, dont belive them because they just want to trick you and steal your money

    i made Action Fraud UK report and i am waiting, and aslo you can make complaint to your bank and they will help you to return your money

    you have to make Action Fraud UK report

  6. aaa reviewed PlusOption (No Binary Options)

    guys report them to Action Fraud UK! Also we are forming a group against them.. please give your skype id

    • D S reviewed PlusOption (No Binary Options)

      They are scammers guys. Stay away from them. I invested 14000 and withdrew only one thousand. After I wrote them that was going to apply for charge back. They gave me bonus 13500 and lied to me that could withdraw all my money I invested at any time. They never explained me their bonus trading requirements. (in order to withdraw money you must have 30 times more than your bonus money) If you have any kind of written prove or recorded phone conversations that indicate their lies please do charge back. They were hoping that charge back deadline would be over, or I would lose all my money and would give up before I would try to withdraw again. But I have applied for chargeback anyways. Please do the same guys. Do not give up!!!

    • Joy lee reviewed PlusOption (No Binary Options)

      hi dear,

      I am scammed big time. Can you kindly advise how to make a Action Fraud UK report ? I reside in Malaysia. Is PlusOption truly in UK ? I’d also like to join your group against them. My skype id is leechoo ng and email is leechoo.rhn@gmail.com.

      Look forward to hear from you soon. Thank you.

  7. aaa reviewed PlusOption (No Binary Options)

    D! File the chargeback to your bank and report them to Action Fraud UK! Also reach us via facebook page: Plusoption SCAM. Tell us what happened.

    • D S reviewed PlusOption (No Binary Options)

      My Skype ID is d*********e. Please contact me at any time. Will do anything to help against Plus Option. I have applied for charge back with Master card code: 4853 Defective/Not as Described

      This chargeback occurs when a customer claims the service or merchandise they received does not conform to the description they were given. This chargeback may be reversed by supplying proof that the cardholder received the goods or services which fit the description at the time of the purchase, proof that the deficiency that led to this dispute has been corrected, a statement that cardholder neither returned or attempted to return merchandise, or evidence that a credit was issued. This chargeback can be avoided by insuring the customer clearly understands what they are purchasing and is aware of any applicable return or refund policies. Waiting for the answer from them and will update you soon. ;))))

  8. Poh Chee Huat reviewed PlusOption (No Binary Options)

    hey sir how i can withdraw my money that have been tranfer to and close the account. Please …..

  9. George Poppplewell reviewed PlusOption (No Binary Options)

    I am in process of opening an account, I have deposited £500 but as yet I haven’t traded. I have elected to use a ROBOT, did you guys use their trading platform. I’d like any suggestions that can be forthcoming

  10. Joy lee reviewed PlusOption (No Binary Options)

    STAY AWAY from PlusOption – RUTHLESS HEARTLESS SCAMMERS !

    I am a badly wounded victim, ruthlessly robbed and left to die with huge credit cards debts by broker Danny Morgan and Jason Russo. Sigh! Black Christmas ! DO NOT trust them with your financials such as credit cards or bank info.

    Trust NO ONE in PlusOption. All names probably fake incl Erik Goldman, Jordan Blackwell, Louis W.McCarthy.

    WITHDRAWALS IMPOSSIBLE. Do NOT sign their so called “Declaration of Deposits” (DoD). I have been tricked to sign to enable my withdrawals. Instead they used it against me when my Banker tried to recover my money from them since they refused my withdrawal, and thereafter wiped out my account on purpose, trading with 100% of my capital many times over to deplete it in an hour or so. Most unprofessional. Grossly negligent. Serious breach of trust. Clear clear scammers.

    CAPITAL GUARANTEE A FAKE, even signed by fake ‘Director’. One of own colleague spilled “no such Director” !
    ALL AGREEMENTS AND PROMISES OF ANY KIND INCL CAPITAL GUARANTEE AND BONUSES, EVEN IN WRITING, WILL NOT BE HONORED AND ARE WORTHLESS. Take serious heed if you wish to save your hard earned money from being robbed.

    I AGREE WE SHOULD ALL COME TOGETHER TO WIPE PLUSOPTION AND ITS RELATED SCAM COMPANIES FROM SURFACE OF EARTH TO STOP THEM FROM TAKING MORE VICTIMS AND TURNING LIVES OF FOLKS WHO TRUSTED THEM INTO PAINFUL NIGHTMARE. PLEASE LET ME KNOW WHO TO CONTACT. IT’S TIME TO WIPE THEM OUT IN 2017 ! LET’S COME TOGETHER AND NOT GIVE UP. TODAY IT’S US. ANOTHER DAY COULD BE OUR LOVE ONES IF THEY ARE STILL AROUND. SO, PUT AN END TO THEM BEFORE THEY DESTROY OUR LOVE ONES AND MORE LIVES ! GOD BLESS !

  11. Carmen reviewed PlusOption (No Binary Options)

    SCAMMED BY PLUS OPTION – I was lied too about ‘capital protection’ it doesn’t exist !! I was told ‘ just deposit money for one week’ and then withdraw it with some nice profits……it is all lies it never happened…they push you to put on trades with big deposits and of course majority of trades lose……..and then when I said I needed to withdraw some of my capital after the week Ethat’s when Mike Heller (probably not real name) struck and my account was wiped out in about 30 minutes of trading……..now emails are not answered, the support email address does not respond and the phone number in Australia is useless I called three times and waited on the line for an hour each time before hanging up in frustration – I’ve lost approx $5,000 and it is not a nice feeling. I just wish I could get my money back.

  12. johan reviewed PlusOption (No Binary Options)

    i deposited 250 eros apr 2017 and up to date hafe not trad i trade to get my many but thufe no suces thuse is a skam

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