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Anyoption were established in 2008 and the platform is operated by Ouroboros. The company is regulated by CySec (the Cyprus Securities Exchange Commission) – license no. 187/12. Anyoption represent one of the largest binary options brands in the sector. They were one of the first to enter the binary market, and offer an advanced trading platform for binaries and other innovative derivatives.
Price data is delivered via Reuters and trading is available on hundreds of assets including commodities, forex, indices and stocks. Support is offered 24 hours a day, and in a range of languages. The firm have also sought to get a license for them to offer portfolio advice – the first on the binary firms to receive this.
The Anyoption trading platform has a distinct look and feel. The more familiar green and red trading buttons have be replaced by simple ‘Call’ and ‘Put’ buttons. This clear “Anyoption” feel still delivers a simple and easy to use platform, as well as some advanced features.
The range of trading options are listed along the top of the trading area. The choices of specific assets are then listed from a drop down menu beneath.
Multiple trading windows give traders the ability to trade on more than one assets at a time. Each window shows a price chart – which can be changed to suit the trader. Plus the windows displays the expiry time, current asset price and the returns.
Amending the trade size will automatically update the returns information. Traders have additional choices of lower payouts in exchange for a rebate on losing trades.
Overall, the trading area is clear, and unobtrusive. The configuration is flexible enough to suit most traders and the unique look and feel reduces the hectic nature of some trading platforms.
Anyoption currently offer risk free trades for new sign ups. Deposit match bonuses are being restricted by the regulator (CySec) due to the often misleading terms and conditions. Risk free trades are much more favourable for the trader to get a feel for the platform and – hopefully – some additional trading funds if the risk free trade wins.
Anyoption offer some unique trading options when compared to other binary options brokers. In addition to regular option, the firm also provide interesting variations;
- Binary Options – The standard Up/Down options. Will the underlying rise in value, or drop?
- One Touch – These trades operate on a weekly expiry but offer high payouts, often only available here. These trades are often available ‘out of hours’ too.
- Option+ – This is a feature that allows options to be closed early, either to lock in profits, or reduce losses.
- Binary 0-100 – The 0-100 setup enables traders to buy and sell options almost like an exchange. This form of trading can provide huge returns (up to 1000%) or small rewards for low risk options.
- Specials – These offer trading on specialist assets, or underlying classes not normally available – Bitcoin for example.
- Bubbles – The newest innovation from Anyoption. Bubbles allows traders to select a finishing ‘bubble’ where they expect the price to finish at expiry. Depending on where the bubble is placed, the payout will change. (Screenshot below)
The mobile app delivers a slick trading experience. Labelled “Anyoption, Anywhere”, it offers a well presented and well laid out platform, making it easy to use. As with the main website, the look and feel remains simple, but distinctive. The trading buttons are similar to those on the main site, and are still just as easy to use on smaller screens.
The app has been developed for both android and iOS with features and options designed for each platform, to utilise the strengths of each operating system. iPad and iPhone users will therefore see some unique touches that ensure they get the most out of their mobile device.
Real time trading is presented across all the usual asset types (commodities, FX, indices and equities). Prices can be updated as many times as necessary. The app is free to use and download and does not contain any ads.
In addition to the standard features, the developers have also ensured that all account management services can be carried out from the mobile app too. This has not always been possible with other broker trading applications. A lot of time and effort has gone into the Anyoption App, and it delivers a great user experience. Top marks.
Anyoption deliver copy trading via their CopyOp Social trading platform. This platform allows traders to monitor the trading performance and history of other traders, and to copy their trades. This means each time the trader who is being copied opens a new position, so too will the trader who is copying.
The investment level can be amended to suit. So a trader with $100 in their account, could still copy a winning CopyOp trader who was opening trades for thousands of dollars. The smaller account would simply allocate a pro rata amount of their own balance. So if the copied trader used 5% of their balance on a trade, the copying trader would also invest 5% of the amount they allocated to copy with.
Binary options offer an ideal vehicle to use copy trading, because the higher volume trading will not suit every trader. They may be short of time for example. Copy trading allows them to follow successful traders, while still managing risk.
Copy Trading Demo
Here is a short copy trading tutorial video, explaining the concept of social trading:
Payouts at Anyoption range between 70-75%. As ever, the actual figure will change based on the asset and the expiry time selected. One other attractive element is the fact that traders can choose to get up to 15% loss protection, meaning that even in the event of a trade ending up out of the money, the trader will still get back 15% of the capital used in the trade. This percentage return is one of the highest in the industry. This ‘insurance’ does impact that headline payout rate though, so traders need to bear that in mind when comparing other brokers.
Assets to Trade
AnyOption offers binary options in more than 50 different underlying assets, spread across currencies, stocks, stock index futures and commodities. The asset index is as follows:
1) Currencies: All the major pairs are available (USD, EUR, GBP, JPY etc), many 24 hours a day, 5 days a week. In addition to the ‘majors’, some of the currencies classed as ‘minor’ are also available.
2) Equities: The list of stocks available to trade is extensive. All major corporations are available, from both the US and Europeans markets.
3) Commodities: Copper, gold, oil and silver are all available to trade.
4) Indices: Major indexes such as DAX, Dow Jones, NASDAQ100, S&P500 and FTSE100 are listed. Plus other related markets such as the VIX (US Volatility Index) are also included here.
The expiry times that traders can set when trading binary options range from 15 minutes up to ‘End of Week’, including the popular ‘End of Day’ timeframe which attracts lots of tailored strategies. Floating option types are also offered on a selective basis, allowing traders to close out trades that are in the money manually without waiting for them to expire.
In order to trade binary options on the AnyOptions trading platform, the trader has to sign up account online, login, and submit documents as proof of identification and residence, then fund the account using one of the several methods available (credit/debit cards, Paypal, Ucash, etc). The binary options trading platform is available in eight languages. This gives open participation to traders from all over the world.
Is AnyOption a Scam?
With the demand for binary options investments increasing, a large number of dishonest brokers have surfaced leading to questions being raised about the prominent and well-known brokerages such as AnyOption too. AnyOption is a legitimate binary options broker licensed in Cyprus and is regulated by the respected Cyprus Securities and Exchange Commission along with several other regulatory authorities. AnyOption is regarded as one of the pioneers in binary options trade and was established in 2008. AnyOption has the privilege of being associated with Shay Ben Asulin who is regarded as the pioneer of online trading in binary options and is a partner at AnyOption.
Anyoption are not a scam.
Anyoption do not generate a lot of complaints. The credentials required to make a deposit and withdrawal can sometimes cause frustration, but these steps are normally in place in order to protect the trader. The processes are much the same at any creditable broker.
The lack of short term binary options sometimes draws complaints. The shortest expiry on offer is 15 minutes. At other brokers, “Turbo” options are available, which are often under 2 minutes in duration, sometimes as low as 30 seconds. So this is a potential area of improvement for Anyoption to work on. A lack of short term options may not be an issue for everyone however.
Anyoption review – Conclusion
Anyoption deliver an excellent trading platform, and that is backed up with an equally good mobile app. As one of the pioneers of binary trading, they continue to improve the offering – the most recent addition being the new “Bubbles” option type which is unique in the industry at present. The news of a granted “portfolio management” license from CySec is another interesting first. No other binary firm has got this license, and it is another sign of them trying to lead the way.
The CopyOp arm of the brokerage delivers social trading, allowing novice trades to copy other profitable traders – and those winning traders get to increase their profits at the same time.
They are regulated by CySec, and registered with other European regulators, and they generate very few, if any, complaints. The lack of short term expiries may put off some traders, but in general they offer a very good service and can be used with confidence.