PlusOption Broker Review ¦ Binary Options Broker South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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, Moneta.ru, 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.

Binary.com Review

Binary.com was one of the long-term binary options brokers, available on global financial market. Our Binary.com review revealed how they accept traders from South Africa and therefore, we decided to review their trading platform.

Binary.com initially appeared on financial market back in 1999 and are operated by the Binary Investments Ltd.

In this Binary.com review, we will take a closer look of the platform and trading instruments, which are available for traders in South Africa. For more details about this safe binary options broker, read further in our Binary.com review.

Binary.com Trading Platform

Our Binary.com review showed how this broker uses own proprietary software, which puts him in category of few binary brokers who offers their own software to registered traders. They enable traders to use a variety of trading tools and a selection of different underlying assets.

Traders in South Africa should know how Binary.com broker is a regulated one.

For Binary.com review, we learnt how required minimum deposit is low $5. Minimum investment is also just $5, while maximum is $100 000. Highest bonus is $150, while maximum payouts can go up to 100%.

Binary.com Trading Features and Services

Our Binary.com review revealed us how they offer a long list of trade options, combined with an exceptional list of different times of expiry. South Africans can choose whether they want to trade with following trade options: One Touch, High/Low, 60 Seconds, Boundary, Long Term and Touch Options.

Traders can select among short term and long term expiry times, covering trading within 15 s, 30 s, 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr, 24 hr, 24 hr+, end of day/week/month, 30 days and 150 days as maximum.

Traders can invest in different underlying assets, such as forex, commodities, OTC stocks, indices and volatility indices. Full list of assets can be found under Asset Index on the bottom of the website.

According to our Binary.com broker review, we noticed how they recently implemented mobile app, which is excellent news to all interested binary traders who are busy, but want to have access to mobile platform. This app is connected to both Android and Apple devices and can be used on tablets and mobile phones. Binary.com mobile app can be downloaded from App Store and Google Play.

On the other hand, they do offer demo account, which is an excellent news for inexperienced South African traders. When traders register on this platform, they will be offered with $10 000 of virtual money for safe trading.

Why we say safe? Because trading on Binary.com platform is risk free since traders don’t invest their real money but instead they get a chance to practice and test trading platform in order to have better trading results.

Another thing we came across Binary.com review is that they have implemented charts in real time, such as candlestick graphs and JAVA software, which enables traders to easily detect price range of chosen asset.

Our Binary.com review showed how they have prepared one of the best education section, together with blog. In Learning Center, South Africans can find training videos, including those related to different assets.

Also, traders can get more information about security tips, weekly market updates, glossary and FAQ. especially for new traders, Binary.com prepared tab called New to Trading? And education webinars to gain more trading knowledge.

Binary.com Customer Support

What we discovered in Binary.com review is that they offer assistance via several communication channels, such as: email [email protected] , live chat and phone for several countries worldwide. Binary.com also has offices in different countries (Malta, Japan, Malaysia and Isle of Man).

This way, traders can ask for help whenever needed and live chat showed as the quickest option, since support agent joined chat within seconds. Having good customer support is valuable to have since traders need to trust their broker, who will assist them achieve success while trading.

Also, this broker supports GameCare, an organisation which supports people with trading issues.

Our Binary.com review revealed how platform is multilingual and available on following languages: English, French, Spanish, Russian, German, Polish, Portuguese, Italian, Arabic, Indonesian, Vietnamese and Chinese.

Binary.com Banking Info

Traders in South Africa should know how registration on Binary.com is free, however deposit is required to start trading. Minimum deposit amount is $5, which is extremely low and also, attractive for traders to join and begin their binary trading experience.

They offer absolutely amazing list of deposit methods as we discovered in Binary.com review. It is important to keep in mind how selected payment method while depositing has to remain the same as when withdrawing.

Under Banking tab, traders can click on Cashier (to select payment option and upgrade to a real account) or on Payment Methods option.

Available deposit methods with Binary.com are:

  • Debit / credit cards: Mastercard, Visa and UnionPay
  • Bank wire: Western Union, Internet Banking, Internet Bank Transfer and Bank Transfer
  • E-wallets: Skrill Moneybookers, Neteller, OK Pay, FasaPay, Perfect Money, Moneta.ru, WebMoney, QIWI, Yandex.Money and PaySafe Card

With cards and e-wallets, deposits are instant, while withdrawal time depends on selected option, but is usually between 1-2 working days. Only via bank wire, withdrawal time can go up to 5 working days.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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