PlusOption Review (2023)

PlusOption is CFD’s trading platform that offers diverse products through its user-friendly trading experience and company support. The company is located in London while claims over 23k engaged traders, numerous received awards and huge office team.

However, almost every entity based in the UK related to financial investments and those firms that offer trading opportunity should be authorized by the local licensor FCA (Financial Conduct Authority). Unfortunately, this is not the case of PlusOption, therefore the company may state various benefits but the client will never know if this is true or false. The unregulated brokers most often just aiming to target a maximum number of traders to make deposits, while further on the trader most probably will never see his funds again.

That happens quite often, as the non-regulated company is overseen by none of the governmental authority and can do whatever they think is correct. Yet, international regulators monitor the market offering and issue warning against those who seem to be scams, and PlusOption received some of them. 

“ASIC advises this company PlusOption also known as Redfield Markets could be involved in a scam. Do not deal with this business as it is unlicensed in Australia. The business listed has made unsolicited calls or sent emails about investing, financial advice, credit or loans and does not hold a current Australian Financial Services (AFS) license.”

ASIC, Australia. April 2018.

Conclusion

What is more, there many negative reviews from the PlusOption engaged traders that states their scammed experience on huge amounts. In conclusion, we would recommend choosing a well-regulated broker (Find top forex brokers by link) from FCA Brokers or ASIC Broker (Read ASIC regulated GO Markets review)s and not to put your own trading experience at the highest risks. Read about FCA Regulated Infinox & FXOpen.