Plustocks.com is a fairly new binary options broker. Operating out of London, Plustocks has been greatly accepted by many European binary options traders. Are they safe in using Plustocks as their binary options broker? We will attempt to determine that in this article.
We are not affiliated with Plustocks. This review is meant to help you decide whether Plustocks is a good choice for a trading platform. We will tell you about Plustocks and explain their terms and conditions. You will learn about their withdrawal process, and if the system offers mobile trading and a demo account. I will also offer my opinion on whether I think Plustocks is a scam or not.Visit Website
- A wide variety of assets to trade on
- Uses the highly favored Spot Options trading platform
- While the Spot Option platform is CySEC licensed, Plustocks is not
- United States traders not allowed
Deposit & Withdrawal Methods
- Platform:Spot Option
- Minimum Deposit:$250
- Minimum Withdrawal:
- Minimum Trade:
- Demo Credits:None
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
Plustocks is a London based binary options broker. Using the Spot Options platform, Plustocks allows traders a wide variance of trading possibilities. Investors can trade short term, long term, one touch, ladder and pairs from the signals the platform provides. Another great additive to the Plustocks platform is PLUS Follow. A trader can simply follow the top traders and make the same trades they do.
Plustocks has a large amount of trading assets including:
- and Indices
When we look at the history of Plustocks, there just is not much to speak about. Plustocks came on the scene in 2014. When we search for reviews, there just is not much information on the web. One thing I have learned over the years is that if any business is scamming people, the word gets out quickly. I cannot find negative reviews or statements on Plustocks.
With that said, there is one concern I have with Plustocks. In trying to find the company owner, I did a Whois search. Plustocks.com is listed as private, and hidden ownership. The web host is GoDaddy, but there is no other information available.
Plustocks Terms and Conditions
Whenever a person creates an account with a binary options broker, they should always study the terms and conditions. I decided to read Plustocks terms and here are some of the key terms and conditions:
- Traders must follow the laws of their country
- Traders must be 18 or older
- You use the site at your own risk
- Financial information on Plustock’s website is not to be taken as financial advice
- Plustocks reserves the right to refuse or cancel services
These are just a few of the terms in the Plustock website. Again, I reiterate, you should study all terms and conditions before creating an account.
Plustock Withdrawal and Bonus Terms
To withdraw from Plustock, a trader must provide these items:
- A valid photo identification
- A copy of a bill showing your address
- Copy of the credit card front and back
These are standard rules to protect against money laundering and other illegal activities.
Plustocks processes withdrawal requests within 3 business days.
If you accept a bonus from Plustocks, the company states that you must trade a total of 30 times the dollar amount of the bonus before you can withdraw it. So, if you get a $10 bonus, you must trade a total of $300 before you can withdraw. It is wise to strongly consider this before accepting bonuses.
Plustocks Demo Account
Plustocks does not offer a demo account. They do however offer a wide range of educational material on binary options trading. This includes videos, Ebooks and courses to help you understand how to trade in binary options.
Plustocks Scam Watch
Personally, I have mixed emotions on whether Plustocks is a scam or not. I really am not taken by the fact that I cannot find a main company name anywhere, and that they are hosting via proxy and hiding their information. This is something scammers do.
I also discovered that the Switzerland financial regulator, FINMA has put Plustocks on their “warning” list. It seems Plustocks is trying to tell people they are licensed and regulated when they are not. The trading platform they are using is CySEC licensed, but Plustocks isn’t.
We would like to hear from traders who use, or have used Plustocks. We especially would like to know how withdrawals went. You can provide that information in the comments section at the end of this review.
At this time, I will not recommend Plustocks as a binary options broker. With some better transparency, I could easily change my mind.
Plustocks on Mobile
Plustocks does have mobile trading availability. You just go to the Plustocks mobile trading page, and this will allow you to trade on the go on your smartphone or tablet.