PlusOption Broker Review ¦ Binary Options Broker South Africa

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

PlusOption Review

New Binary Broker in South Africa

PlusOption is a new broker on binary options scene. This brokerage company is operated by Tradeplus Solutions Ltd and present on financial market since 2020. We decided to add PlusOption on our list of trusted brokers for South African traders due to their trading platform and a variety of trading instruments and services.

If you want to learn more about this broker, read below our PlusOption review.

PlusOption Special Features

Traders who want to join PlusOPtion trading platform, have to invest minimum deposit $250. Highest max. return is 87%, while maximum possible bonus is $5000. Minimum investment is set to $25, while maximum investment is $2500. Traders are welcome to place trades in USD, EUR and GBP.

PlusOption is run by group of professional traders who present binary trading services and tools to traders in South Africa as well as in other world countries to invest and maximize profit while trading binary options. To provide them the best services, PlusOption offers traders a wide selection of trade options and other services, which we will in more details explain further in PlusOption review.

Tip: Consider IQ Option instead – the best regulated broker for South African traders with a minimum deposit of only $10!

PlusOption Trading Platform

As preferred software, PlusOption uses SpotOption. Design looks very modern and appealing for traders, with an easy navigation over the platform. It can be used without difficulties regardless if we are talking about experienced traders or those who are new to binary options world.

An additional feature, that we noticed during PlusOption review is trade option called SpotFollow. With this feature, South African traders are able to follow trades of traders experts and copy their trades. This way, they can improve their trading skills and develop strategies in order to profit from binary trading process.

This broker offers traders in South Africa following trade options: 60 Seconds, High/Low, One Touch, Pair Options, Long Term, Ladder Options and SpotFollow. It is possible to use a variety of expiry times with mentioned options, such as 60 seconds, 15 min, 30 min, 1 hr, 24 hr +, end of day, end of week and end of month. PlusOption enables traders to choose among many different underlying assets, sorted in stocks, currencies, commodities and indices. For full list of available assets, South Africans can click on Asset Index under Trading Tools tab.

One of services which are rapidly becoming very popular in binary industry is mobile app. PlusOption offers South African traders mobile app that has shown to be useful for traders who want to place trades outside workplace or home. With PlusOption mobile app, traders can now invest any time and from anywhere. Their mobile app is fully compatible with iOS and Android devices and can be used on smartphones and tablets, as well as on computers.

As mentioned above in PlusOption review, traders in South Africa are offered by many different features, such as bonuses. To be eligible for PlusOption bonus, before withdrawals, traders have to reach bonus turnover 20x. They offer traders different bonuses, including welcome bonus, Refer-a-friend bonus and 2nd deposit bonus.

PlusOption review shows that they are connected to Binary Option Robot, an 100% auto trading software in binary options industry. This automated solution is a great way for traders in South Africa to participate in binary options trading without previous financial knowledge.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

PlusOption Account Types

PlusOption has prepared 3 different trading accounts for their registered traders. They differ one from another by trading characteristic included.

PlusOption Mini Account

  • minimum deposit $250
  • minimum investment $25
  • payouts up to 82%
  • monthly training for strategies
  • minimum deposit $500
  • minimum investment $25
  • payouts up to 85%
  • bonus 50%
  • strategy training for 2 weeks
  • 1 risk free trade
  • 1 SMS signal per day
  • 3% yearly interest rate

PlusOption Premium Account

  • minimum deposit $3000
  • minimum investment $25
  • payouts up to 87%
  • bonus 75%
  • weekly strategy training
  • 3 risk free trades
  • 2 SMS signal per day
  • 5% yearly interest rate

PlusOption Customer Support

During our PlusOption review, we noticed that trading platform is available on English and Russian.

South Africans who want to reach PlusOption broker, can do that through several different ways. They can contact this broker on email [email protected] , live chat, web form and via phone for UK office. Live chat is the most convenient way of communication due to its simplicity and quick received answers. PlusOption working hours are 24/7.

During our PlusOption review, we discovered that this broker offers traders in South Africa an amazing Education Centre, one of the best we have seen so far. PlusOption tries to provide quality education guide and materials for all trading levels. Unfortunately, there is still no demo account available. Traders can use following education materials:

  • FAQs – divided in three segments (binary options trading, account info and trading platform)
  • Glossary
  • Education Academy
  • Guide to Binary Options
  • Webinars

PlusOption Banking Info

During PlusOption review, we noticed how this broker offers traders across the world a truly amazing list of available deposit methods, which we can sort in debit/credit cards, e-wallets and bank wire transfer. Here you can find a list of available deposit methods:

  • credit cards – Mastercard, Visa, American Express, AstroPay card, Boleto Bancario, Todito card
  • ewallets – Skrill Moneybookers, Neteller, WebMoney, Yandex.Money, QIWI, CashU, DineroMail, eWire, iDeal, GiroPay,, SporoPay, Teleingreso, TicketSurf, PostePay, TrustPay, UseMyBank
  • bank wire
  • Bitcoin

To be able to make any payments with PlusOption, South Africans have to verify their account by providing several documents, such as copy of ID card, copy of proof of address and copy of credit card, which is being used when trading. All documents have to be sent to PlusOption broker on email [email protected] .

Regarding withdrawals, minimum withdrawal with PlusOption is $50. All deposit above $10000 and all withdrawals above $100, can be executed only through bank wire. In this PlusOption review, we haven’t came across any fees mentioned.

They offer fast withdrawals within 72 hours. After withdrawal request is submitted, PlusOption has to approve it and later on, it usually takes between 10 business days for money to arrive on the account. For more detailed info, we advise to contact account manager.

PlusOption Broker Review 2020

PlusOption broker is a new binary player for traders in South Africa, interested in binary options trading. This trading platform has launched alluring features to grab the attention of new and professional players.

This brokerage company is online since 2020 and owned by the Tradeplus Solutions Ltd.

In our PlusOption broker review, we will cover all the main segments of a trading process, from banking information and available trading features to customer support service.

PlusOption Trading Platform

Our PlusOption broker review showed us how preferred software they use in SpotOption, a leading binary software provider. Therefore, navigating over this site is easy and accessible to traders in South Africa.

SpotOption based trading site is easy to use. Attractive design, subtle colors and simple navigation system has made it tension-free for beginners to explore trading options, account types and follow trading techniques of professional traders to gain more and more profit.

Minimum deposit is $250 which encourages new players to invest their money to receive high turnover. Our PlusOption review revealed how payouts can go up to 87% with maximum bonus reaching $5000.

Lowest investment with PlusOption is $25 and highest investment is $2500. Available currencies to trade with are in USD, EUR and GBP.

As PlusOption broker is run by team of specialist of financial markets, they enabled traders to invest in binary options while trading on safe platform. To know more about available trading features, provided by this broker, traders can read below in PlusOption review.

PlusOption Trading Features and Services

Long Term, One Touch, Pairs, 60 Seconds and High/Low are available trade options, according to our PlusOption review. Each type of option has pretty standard for expiry time and prediction of asset’s movement. Traders are capable to place their trades with just $5, whereas maximum investment limit is $2,500.

To initiate trade, traders are given freedom to select from 56 assets, including commodities, stocks, currencies and indices. Full asset list can be find under Asset Index tab on PlusOption platform. Expiry time range from 60 s, 15 min, 30 min, 1 hr, 24 hr+ end of day/week/month.

We have also found out in PlusOption broker review how mobile trading is one of the services available for South African traders.

PlusOption admits the significance of mobile trading, it is the reason tablet, iPhone, iPad, Android and laptop options are given to facilitate busy traders. The platform is SpotOption based therefore it is simple to explore the trading site.

Mobile devices can be used to interact with this platform and is compatible with iOS and Android systems. Still, the trading company is establishing new features to fascinate the potential traders.

PlusOption broker review shows the dedication of broker for enabling an active, user-friendly and comprehensible system to trade irrespective of time and place.

It is bright side of PlusOption that plenty of bonuses are offered to all traders. After first deposit, traders are given match bonus up to 100% when an amount equal or greater than $3000 is submitted.

Later on, traders are awarded second deposit of more than $5000. There are a few brokers that are given high amount of bonuses. Moreover, traders are eligible to receive three to five risk-free trades. In case of referring the site to a friend, 10% bonus is given as an incentive.

PlusOption broker review states that more benefits are given to traders who have deposited highest deposit and have applied for prestigious account. There are predefined regulations for bonus and wagering terms 20x to withdraw bonus.

PlusOption Trading Accounts

This PlusOption broker review will show how traders in South Africa can choose among three account types. More about account characteristics, traders can find below.

PlusOption Mini Account

  • Required deposit $250
  • Lowest investment $5
  • Highest payout up to 82%
  • Required deposit $500
  • Lowest investment $25
  • Highest payout up to 85%
  • Bonus up to 50%
  • 1 risk free trade + 1 sms signal/day
  • 3% interest rate/year
  • Strategy sessions- duration 2 weeks

PlusOption Premium Account

  • Required deposit $3000
  • Lowest investment $25
  • Highest payout up to 87%
  • Bonus up to 75%
  • 3 risk free trades + 2 sms signals/day
  • 5% interest rate/year
  • Strategy sessions- weekly

PlusOption Customer Support Service

Our PlusOption broker review shows how given customer service is available on English and Russian. However, we hope that communication facility in other languages will be available in future.

Customer service through email, live chat, online form and telephone is provided for immediate support in convenient and fast way.

Contact options are activated for working days, whereas phone option is open for working hours starting from 8:00 GMT to 00:00 GMT. Traders in South Africa can reach PlusOption on email [email protected] .

Apart from contact services, this broker has provided a variety of learning materials with interesting articles, videos and FAQ, actually one of the best we had opportunity to review.

There are three parts of FAQ, categorized as general questions, detail concerning binary accounts and trading platform. Side by side, glossary is also provided to give detail of complex trading terms. Basic tutorials are offered to educate traders how to check assets and make accurate predictions after observing market movement. Live TV broadcast is supportive section that provides detail of trading options.

Similarly, economic calendar makes it possible to follow track of significant economic events that have great impact on trading activities. Advanced account holders are given opportunity to contact with account manager whenever they require support or an access to education center and webinars.

PlusOption Banking Info

To open an account with PlusOption, traders are required to fill the given fields and mention your name, location and email account. To prove the authenticity of customers’ detail, the trading platform asks for scanned documents’ copies.

To make a deposit, South Africans are able to select preferred currency, such as USD, EUR, GBP, AUD, CAD, JPY and CNY.

Our PlusOption broker review revealed how they offer an amazing list of different payment options, such as:

  • Debit and credit cards – Visa, Mastercard, AstroPay, American Express, Boleto Bancario and Todito card
  • Bank wire transfer
  • Bitcoin
  • Ewallets – Skrill Moneybookers, WebMoney, Neteller, QIWI, CashU Yandex.Money, eWire, DineroMail, GiroPay, SporoPay, Moneta.Ru, TicketSurf, Teleingreso, PostePay, UseMyBank and TrustPay

Although minimum initial deposit starts from $250; however the lowest withdrawal amount is just $50.

In case, traders need to take out more than $100, they have to use bank wire to transfer their funds. It is stated that all transactions above $10,000 are accomplished through bank wire; however the broker has not mentioned any fee concerning bank wire money transfer.

It is quality of PlusOption platform to enable binary traders to receive an instant withdrawal through e-wallets. On the other hand, credit cards and bank wire methods take almost 10 days to transfer funds in customers’ bank accounts.

All the representatives have detailed information regarding trading terms.

They are well-trained and know how to guide the traders. When binary trade is being placed by using PlusOption platform, no commission or fee is being taken from traders. Traders do not need to worry about withdrawals of their funds since the trading platform is secured with SSL technology.

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Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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