Payment Method: MasterCard, Visa, Wire-Transfer, Skrill
Customer service, platform and website offered in ten languages
High refund on out of the money option expirations
No demo account
AnyOption was founded in 2008 and has since become one of the world’s largest online brokers for trading binary options, one touch options, and other financial derivatives. The Nicosia, Cyprus based company is operated by Ouroboros Derivatives Trading Ltd. and received its license from the Cyprus Securities Exchange Commission or CySEC in the fourth quarter of 2012. AnyOption is regulated under CySEC license number 187/12.
The AnyOption website is located at www.anyoption.com and a screenshot of its homepage is displayed below:
AnyOption was on the scene early when the binary options market was just beginning to get popular after the rush of online forex trading. The formula the company applies to its trading platform is “keep things simple”, which is extended through all other aspects of its business. Although AnyOption accepts clients from most other countries, it does not currently deal with customers residing in the United States.
The AnyOption website is comprehensive and instructs newcomers precisely on what to know to begin trading. The company’s simple, no-nonsense approach involves clients just having to make a deposit to start trading.
The manner in which the broker’s website is structured suggests it is geared more towards newcomers than seasoned professionals. Nevertheless, the amount of financial instruments and other assets available to trade through the platform attracts many experienced traders.
The broker also has a wide range of expiration times, ranging from 15 minutes to two days for most assets. In addition, AnyOption is the only online binary broker that offers a Bitcoin dedicated trading platform, and it also offers its customers a variety of different features for trading binaries that include Option+, One Touch, Profit Line, Roll Forward and Take Profit.
AnyOption’s pay out return lags somewhat behind its competitors, paying out only 65% to 80% for in the money options. Nevertheless, the broker makes up for the low payout by offering a 15% refund on out of the money options, which is one of the highest refund rates available. The high refund on out of the moneys is especially favorable to new traders, allowing them more confidence early on in their trading.
AnyOption’s online trading platform has remained much like it was when it was first introduced and is notable for its ease of use. The company makes exclusive use of its own in-house trading platform. Traders can choose from over 100 different underlying assets that include currencies, commodities, indexes and stocks.
The platform is accessible in ten languages, including English, French, German, Spanish, Italian, Turkish, Slovenian, Russian, Japanese and Finnish. Thomson Reuters also provides the data feed for AnyOption’s expiration dates and pricing. The screenshot below shows the AnyOption platform with graphs and option details:
One of AnyOption’s platform features allows the trader to choose their own profit and return percentage. The platform’s interface features a drop down menu where several profit and refund percentages are displayed, with available refunds ranging from 5% to 25%.
Another extremely useful facility which was mentioned above as a feature is the Profit Line. This tool allows the trader to zoom in on the price chart of an asset that gives the latest information on the probable earnings from the open options position. The tool also allows the trader to buy and sell directly from the graph.
In addition to the desktop version of the trading platform, a mobile app is available for both Android and Apple iOS. The app faithfully replicates the trading and features of the normal platform and is an ideal tool for trading and keeping track of positions anytime while on the go.
Deposits and Withdrawals
The process for registering and processing an account is fairly straightforward and works much like the process at other online brokers. No fees or commissions are charged upon a client’s first deposit or for the purchase of options. The minimum deposit amount for an AnyOption account is 100 U.S. Dollars.
Deposits are accepted in U.S. Dollars, UK Pound Sterling or Euros, with a wide variety of banking methods ensuring customers greater control over their funds. AnyOption accepts credit and debit cards, wire transfers and e-wallets such as Skrill (formerly known as Moneybookers) and Neteller.
Withdrawals are also straightforward, with a significant advantage being that AnyOption does not have a maximum withdrawal amount. Withdrawals are paid through the same method as deposits and customers get one withdrawal per month free of charge. Additional withdrawals are charged at the rate of $30 USD per withdrawal.
AnyOption accountholders are the only people that can withdraw from their accounts. The company identifies the accountholder and then approves the withdrawal within 24 hours of the original request. After that, the money takes approximately three business days to arrive in the account holder’s bank account.
AnyOption’s customer support is accessible to clients 24/7 and is available in ten languages, including Finnish and Japanese. Support features include e-mail, live chat, phone and a call back feature where a staff member returns the client’s call within the hour.
In addition to the excellent customer support, the AnyOption site has a wide variety of educational material and tools to help traders reach a higher level of trading expertise. Once an account has been opened, an account manager is assigned to offer assistance and help keep the client informed.
AnyOption has a long track record as a respectable name in the binary options field. The fact that its customer service, trading platform and website are all offered in ten languages seems like a strong feature — especially for those who prefer to speak languages other than English.
In addition, the company’s refund of between 5% and 25% on out of the money option expirations is among the highest in the business. The company is regulated by CySEC, which gives a greater sense of security for traders seeking protection for their funds.
The negatives for this broker are the low payouts. While this might help give some novices confidence, it can hinder a seasoned trader looking to maximize returns. Another drawback is that while the broker accepts deposits through Skrill and Neteller, clients cannot receive money back through these means.
AnyOption also does not offer a demo account for novice traders, and customers located outside of the European Union cannot expect fund security from CySEC’s regulation.