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AnyOption is a trusted broker with an innovative trading platform
When big money is in play, scams abound. Trillions of dollars turn around in the dinancial markets daily. Binary options industry is a nice percentage of that too. If you want to be a self made person, trading binaries could be a good place to start. It does involve a lot of risk too, but where there are risks, opportunities are usually plentiful. Choosing your broker helps to increase or eliminate some of these risks and we have a veteran broker on our radar today – AnyOption. Read the full review to determine whether the broker is good for you.
The company was established in 2008. AnyOption got its trading license from CySEC (Cyprus financial regulator) in 2012. License number is 187/12. The company is owned by a parent company Ouroboros Derivatives Trading Limited with the headquarters: 24,28th October Street, 2nd Floor, 2414 Engomi, Nicosia, Cyprus. This makes the company a trusted broker as it is regulated by one of European financial authorities. They also keep their customers‘ funds in segregated accounts to ensure security, avoid conflict of interest and prevent money laundering. AnyOption has developed a state of the art, intuitive and user friendly proprietary trading platform that any trader should be proud to use. The reliability of the broker, excellent platform and huge number of assets attract close to half a million visitors to broker‘s website every six month.
We were very glad to see the quantity of assets the broker offers to their customers. At the moment they have over 200 assets across different categories. No wonder investors rush to open an account with this broker. 200 is more than twice the amount that most binary brokers offer nowadays.
The assets cover four categories: indices, currencies, commodities and stocks. The category of indices contains 26 instruments, which comprise of the most popular indices around the world. That is amazing as a lot of brokers do not offer those at all or offer just 5 to 10.
It was somewhat disappointing to see that AnyOption has only 15 currency pairs to trade. Most brokers offer more than 20. However, you will definitely find the most popular pairs and crosses in the list, so the number of instruments in the category should be satisfactory. The commodity category is really poor, just two instruments: Gold and Brent Oil. Fortunately, these are the most popular commodities for most traders.
The list of stocks is the largest of the four categories. anyoption has close to 100 to choose from. So, if you are a stock trader and want to make a shift from trading shares in a traditional way to trading them in binaries, you will be more than happy to find how many options you have.
Fees, payouts and Trading features
AnyOption does not charge you any hidden fees or commissions. Like most brokers they are a counter party in your trades, so if you win money, they lose money and if your option ends up out of the money, they get the profit. However, you should note that if your option does end up out of the money, you can still get a refund from 5 to 25 percent, which is very high in comparison to what other leading binary brokers offer. Typical payouts are between 65-80%, which is not much, but if you can get a refund for a loss, that should help.
Minimum deposit amount is $100 (or Euros and British Pounds). Minimum investment per trade is $25 and maximum investment per trade is $20 000. Minimum investment seems to be rather high as a lot of brokers will offer you $5 or even $1 minimum trades. However, the limits, as you may see, are quite high and if you are a high roller, that will definitely suit you.
AnyOption’s proprietary trading platform is an excellent choice for any level of trader: beginner, intermediate or advanced. It is really easy and comfortable to use. You can monitor all of your open trades in one window, view charts, browse through different asset categories and choose specific instruments you want to trade.
One specific feature that the broker has developed for their platform is the possibility to trade during weekends. One Touch options are available for trading, if you can’t wait till Monday for other instruments to be available. So, you can literally trade binaries with AnyOption 24/7. It is unfortunate, however that the broker does not offer a demo account for their customers to try their platform, but as the company is legit and regulated we can assure you that it is not complicated at all to place or close trades on it.
At the moment you can trade five specific options with the broker: Binary Options (a classical high/low or call and put option), Dynamic (a classical Above/Below option), Option+ (high/low version, but you can sell your options at any time prior to their expiry), One Touch (choose whether the price reaches upper or lower limit of your choice within a specific time frame), Long term (these are options with longer term expiry). Expiry times are between 15 minutes to a few weeks (for Long Term options).
We pleased having to discover that AnyOption has developed an app for those who want to trade on their mobile phones, so that you can trade binaries on the go. The platform is basically the same as a web based one with all the same features, the same number of markets to choose from and you can use your app on iOS devices Simply download the app from Apple App Store or from Google Play for an Android device. We expect you will enjoy trading on your mobile as much as on your desktop.
Deposits and withdrawals
May we remind you that AnyOption is regulated and therefore they keep your funds in segregated accounts, so your money is safe at all times, even in case the broker goes insolvent or bankrupt.
This broker uses the most popular transfer and withdrawal methods: credit/debit cards, Bank transfer (wire transfer) and most popular e-wallets for deposits: Skrill, Neteller, GiroPay. However, you cannot use e-wallets for withdrawals, only credit/debit cards and wire transfer.
The company typically allows making withdrawals once a month for free. However, if you want to make more than one withdrawal per month you will have to pay an extra $30 to cover banking costs. Once your withdrawal is approved you should get your money in a couple of business days. It is a much better offering than what most companies offer you, as some charge for all withdrawals from any payment method.
AnyOption customer support is premium. You can do live chat any time of the day and they will respond to your question in a matter of sheer seconds. If you want to speak live over the phone you can request a callback and you will get one for free. That is an excellent feature! Very few brokers will do that for you, but this one will walk the extra mile for you. You can also send them an email if you prefer to get a written answer.
One of the most positively surprising things is that the broker offers support in 13 languages: Arabic, Danish, English, Finnish, French, German, Greek, Indonesian, Italian, Japanese, Korean, Malay, Norwegian, Portuguese, Russian, Spanish, Swedish, and Turkish. And the people form the staff will deal with you in a polite, diplomatic and effective way!
Extra features and resources
We have found some really good extra features and resources on the AnyOption website. They have educational materials for investors of all types and backgrounds. The video section is divided to match the needs of beginners, intermediate and advanced traders. They also have a separate demo video explaining how the trading platform works. So, even if you can’t try a demo account, there is a step by step guide how to use their platform. There is an extra page that has an in-depth analysis of what binary options are and how you can trade them. Finally, there is one more page that summarizes all of the features of the trading platform they offer. We find those extra features and resources are really useful. Plus, if that wasn’t enough, they have an informative blog where you can read financial news commentaries from AnyOption analysts.
Having looked through all of the points above we have made a conclusion that AnyOption is clearly among the top binary options brokers due to regulation, their excellent trading platform, amazing customer service and extensive educational resources.
- » Regulated and reliable broker
- » Excellent proprietary platform
- » Huge number of trading assets
- » Responsive, quick and efficient support team
- » Big and really useful educational base
- » E-wallets are not allowed for withdrawals
- » Payouts are a bit lower than industry average
Is it possible to cancel my order after I place it?
Yes, you can do that for a limited amount of time, but there will be a fee of 10% of your trade amount.
What are the methods for depositing?
You can do that by credit/debit card. AnyOption accepts (Visa and MasterCard). Bank wire and some e-wallets are also accepted.
Can I register before I deposit money?
Yes you can register for an account, and then deposit later if you wish.
What kind of accounts to you offer?
Anyoption have three types of accounts: Silver, Gold and Platinum. Each comes with its own benefits and is categorized by a minimum deposit amount.