This broker can rightfully claim it’s position as perhaps the earliest online digital broker to offer binary options to retail traders. Anyoption was first established in 2008 and since this time grown to be one of the largest providers in the industry.
The solution it provides is based on a unique proprietary trading platform. Since this has been designed from the ground up it firmly has the trader in mind. It offers simple navigation makes it probably one of the easiest platforms to use.
There are a number of contract types which can be used to wager on a range of major asset classes. Most contracts are customisable and offer rebate settings. These can be used to determine the payout received on each contract.
Key Features At A Glance
- Founded – 2008
- Platform – Anyoption
- Deposit Requirement – $200
- Minimum Trade Size – $24
- Contracts Available – Higher/ Lower, Touch
- Typical Returns – 65-80%
- Rebate – 5-25%
- US Traders – No
- Account Currencies – USD, EUR, GBP. JPY
- Deposit Options – Credit/ Debit Card, Bank-Wire, Moneybookers, CashU
In contrast to many other brokers that offer tiered account levels, AnyOption offers only a single level of account. This is suitable for all levels of traders and makes the sign up process a straightforward affair. It’s free to register with a initial deposit of $200 or equivalent required in order to start trading.
The broker provides a selection of tutorials featuring trading platform information and advice. A free eBook is available to take new traders through the basics of binary options. In addition periodic deposit bonuses are offered to existing traders.
A large selection of assets are available on this platform. From a single account with this broker you can trade on a total of over 80 different global assets and markets.
A full breakdown of each asset class includes 30 World Indices, 55 global Stocks and 9 currency pairs. In addition you can also trade on Oil and Gold.
Trading With Anyoption
The web based proprietary dealing platform is generally found easy to use by most people. The range of contracts offered includes Higher/Lower contracts, weekend One Touch options, Binary 0-100 and the Option+ platform.
A key feature to note is that you can choose your preferred payout level on each Binary Options contract that you place. Rather than just focus on the payout if you win, you can also set a payout if you lose. i.e. if the contract ends ‘out of the money’. For example, you can set an 80% payout with a 5% refund or a 60% profit with a 25% refund. This is a great feature due to the way in which you can determine the risk you are prepared to take on each contract..
You can place contracts to expire hourly, daily and end of the week. A ‘sell back’ facility is also provided. This is in the form of the integrated Option+ trading platform. This together with the ability to ‘roll forward’ a contract for a small premium. This feature is increasingly being made available on contracts offered by this broker.
For those people who want to trade on the go, a set of dedicated mobile applications are provided. These let you trade your account from a range of the most popular mobile devices.
The applications allow you to manage key account functions. You can check your balance and see your trading history for example. Furthermore you can open new contracts and moitor open positions. As a result you should never miss a trading opportunity.
The mobile trading app can be freely downloaded from the respective Android and Apple online app stores.
Traders are well supported by the broker. You can converse with the company representatives in a number of different languages. These include English, Spanish, French, Russian, Dutch, Italian, Turkish and Arabic.
In addition you can get in touch with the broker via on-line chat and email. A set of dedicated international telephone numbers are also offered for those who prefer to call.
Summary of Key Features
- Ability to Customize return and rebates to allow you to set your risk level
- Huge range of different Assets available for trading
- Decent mobile trading apps to complement the web based platform
The slogan of this broker is ‘Anyone can trade’ and from our experience we would broadly agree with this statement. The platform is intuitive and simple. However because of it’s simplicity it lacks some contracts and expiry times that are available elsewhere. Nevertheless most traders will be accommodated by what is offered here.
The ability to alter your risk on each contract is a nice feature which might sit well with new traders are anyone who is concerned with minimizing risk. Overall this makes this a fairly solid broker that is worth further investigation if it meets your trading requirements.