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AnyOption: Broker Review and Trader Feedback

4.5 / 5

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AnyOption has been setting the standards for the industry of internet trading – they combine a comfortable and user-friendly interface with high reliability and operating precision. This company offers the widest selection of assets, such as international indices, exotic currency pairs, and commodity contracts. Client funds are kept in separate trust accounts, ensuring the highest security as they can only be accessed by their owner.

1. General Information

AnyOption is a large brokerage company founded at the time of the birth of the binary options market. It has been operating since 2008 and has become known as a reputable brokerage company and a competent partner for traders of various levels. Among the broker’s main advantages, one needs to mention quick pay-outs, a high quality trading platform, wide choice of assets, and licenses from several regulating bodies. One can also read numerous articles available from various authoritative sources that speak of this broker very highly. Let us have a look at this company’s advantages and disadvantages.

2. Advantages and Disadvantages

Reliability: As mentioned before, the company has been in operation since 2008, is regulated by EU institutions, and has gained a lot of positive feedback from traders with various levels of experience and training.

High quality platform: AnyOption’s platform was one of the first ones to appear on the market. It is speedy and allows quick opening and closing of positions without glitches or slippage. Its clients can also stay mobile with the help of a trading app, downloadable for iOS and Android devices.

Asset variety: This broker’s platform offers 100+ different assets for trade. The four asset categories are currency pairs, stocks, indices, and commodities.

Responsive help and support services: AnyOption’s representatives are willing to help you as soon as possible via email or on the phone. Even an unregistered user can talk to the consultant via a live chat.

Multilingual interface: Both the site and the platform have been translated into more than 10 languages.

Return in the case of loss: In the case of a wrong forecast, the return of your investment reaches 15%, which is much higher than with any of the competitors.

“Live” tool: In this section you can look through the asset trends and see the statistics of the best trades.

No demo account available at the moment.

3. Trading Conditions offers their clients a trading platform designed by the company’s own specialists. The minimum deposit threshold is $250, and the minimum investment threshold is $25. Such conditions are not always favorable for beginner traders. One can only trade during weekdays, as the platform (and the market) is closed on weekends.

4. Tradable Assets

The variety of assets available on the platform is quite impressive; there are over 100 different individual instruments to choose from. Moreover, the company adds new assets quite regularly. Their most recent additions are stocks of Coca-Cola, Pepsi, Adidas, Nike, as well as the USD/DKK currency pair. EUR/USD, AUD/USD, and USD/JPY currency pairs are available for trade 24h a day during working days. Apart from the classic instruments, one can also find more exotic ones – like USD/SEK, USD/NOK, etc. In other words, this company’s client will never feel deprived of choice. One will always be able to work with a variety of trading instruments and test their skills in various different ways.

5. Trading Platform

AnyOption’s trading platform is well-built and works quite fast. It is among the first ones to have appeared on the market. In order to get oneself acquainted with its interface one won’t need much time – it is easy and comfortable to use. At the moment, one can only trade assets using a linear chart. ‘Reuters’ agency is the current supplier of quotations, which ensures maximum accuracy of price movement.

Moreover, all charts also display the trader behaviour indicator, which shows the summary of all customer trades on the particular asset. One can enter a trade by indicating the type of the option, the choice of the core asset, the size of the investment, and, if necessary, the return percentage in the case of an erroneous forecast. One can trade from anywhere in the world as long as they have downloaded the special app that is available on iOS and Android.

Let us have a look at the types of option contracts one can work with:

  • Binary option: A classical type of option contract. With its help, one can trade in most assets. The average income is 70%, and a possible refund on unsuccessful trades – 15%. Expiration dates will vary from five minutes to 40 days.
  • One Touch: This type of contract requires the trader to forecast whether the price of the assets will touch the level indicated by the broker. The profitability of such contract is 80% and higher.
  • Binary 0-100. This is a very specific type of contract which is suited for traders with high risk tolerance. Your profit can reach 1000%, but in the case of an erroneous forecast, your loss will be the entire deal amount.

Other useful functions of the platform:

  • Take Profit availability: This term is borrowed from other markets and on this platform, it stands for a premature closing of an option trade. One should use this tool when it looks like the trade may become unprofitable and they want to take the profit while they still can.
  • Roll Forward: This option helps you to extend the expiration time of the option if you decide that this could help the trade become profitable.
  • And, finally, the “Live” section is worth a separate mention, where one can gain access to information about the current market tendencies which can be used as a helpful forecasting tool when trading for or against the trend.

6. Deposits and Withdrawals

You can find a registration form on the home page. You need to input some of your personal data: your name and surname, email address, telephone number, and a password. Once you have completed registration, you will be taken to your personal space, where you will be able to deposit some money into your account and start trading.
In order to withdraw funds, you are going to have to verify your account (just the first time) by providing scanned copies of your ID documents. This procedure is necessary as part of the measures taken against money laundering and also guarantees the safety of your funds.

This broker works with a number of payment systems, varying from international bank transfers to Skrill (Moneybookers), and bank cards. Withdrawal applications are processed rather quickly, so you can expect to receive your money within a few working days.

7. Regulation of Brokerage Activity

During the years of its operation, AnyOption has acquired certification from a variety of regulating bodies. Among them are the British FCA and CySec (Cyprus). Furthermore, AnyOption follows the laws and regulations of MiFID (Markets in Financial Instruments Directive) in the EU. Institutional oversight provides confidence to the clients of AnyOption about both its paying capacity, or the safety of client funds. The company is definitely one of the market leaders in terms of reliability.

8. Trader Training

A few words about the kind of training this broker offers to its clients: educational programmes at AnyOption are designed taking into consideration the needs and different levels of experience of their traders. Novices can access video lessons on trading psychology, strategy selection, and using the chosen strategy to trade on live markets. More advanced traders will certainly benefit from accessing some more in-depth materials that focus on market analysis.

Those interested in trading One Touch options can learn more about it with the help of online lessons as well. Moreover, if you tend to favour reading over watching they offer a downloadable eBook, available to everyone after they have opened their account with the broker. All of the above indicates that AnyOption are serious about training their traders and understand the importance of skill development, helping traders use the gained knowledge and experience on the live platform.

As mentioned above, the “Live” section offers summary statistics on the best current trades made by other AnyOptions clients. This allows you to see the price of the option, the asset, and the geographical location where the position was opened. This kind of information can hardly serve as an additional trading tool, but it does motivate to work hard to achieve market success.

9. Should I Trade with AnyOption?

In spite of their experience, AnyOption prefers not to stop at their achievements and chooses to develop, adding and creating new opportunities for its clients. If you wish to work with a reliable broker that has been on the market for a while now, AnyOption would definitely not be a bad choice. In any case, we suggest that you make sure you’ve done thorough research and know your choices before you make your final decision about which broker to trade with.

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