Anyoption is no longer accepting new accounts for binary options. They are moving into other investment areas, such as forex and CFDs.
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Anyoption was one of the first brokers to offer binary options, and remains one of the largest in the sector. The company is operated by Ouroboros and is registered in Cyprus and regulated by CySec. They also tried to register with the Financial Conduct Authority, despite the FCA not yet accepting regulatory responsibility in the United Kingdom.
Anyoption operates under the mission statement “Anyone Can Trade” and offers a wide variety of options, as well as relatively low deposits and trading minimums. The trading platform is designed to facilitate trading for new investors, while also offering features and markets that will attract professional traders.
Go straight to; Anyoption app or bonus
Here are some other important details regarding the brand;
- Demo Account – No
- Minimum deposit – £200
- Minimum trade – £25
- Signal service – No
- Bonus Details – 1 Risk Free Trade.
- Mobile App – Yes. Android and iOS devices are catered for.
- Is Anyoption regulated? – Yes, with CySec (and registered with the FCA)
Trading platform
Anyoption’s platform is fast and easy to use. Its features are geared to deliver flexibility and enable traders to monitor and maximize their profits.
The layout follows the ‘Look and feel’ website of Anyoption. The trading area does not have the usual bright red and green buttons, but more subtle arrows. This makes the trading area feel a lot less insane, but just as useful.
The selection of options is listed at the top of the trading platform. The range of assets is then listed in the selection list just below the option selection. The area is set up so that traders can open multiple trade windows at once. Each window shows a short-term price chart, plus the expiration time, current option price and the payout value. If you change the trade size, the value “If correct, get” will be automatically updated. There is also a value that will show the potential rebate if the merchant uses an account that pays out the specific reward. This is a ‘cash back’ style value, which is payable even if the chosen binary option ends up ‘out of the money’.
In general, the trading platform area is clear and unobtrusive. The configuration is flexible enough to suit most traders.
Dealer Choice
Anyoption offers many different trading options compared to other binary options brokers. As well as the more ‘standard’ offerings, the firm offers some interesting variations;
- Binary options – the traditional high / low options. Will the asset increase in value, or decrease?
- Option + – The platform offers a specific trading area for establishing open trades. Options can therefore be sold back to the broker, to make bank profits or reduce losses.
- Binary 0-100 – The 0-100 area allows traders to buy and sell options and trade in the more traditional way. This form of trading can produce huge returns (up to 1000%), but the risks also grow.
- One Touch – Unique trades selected by the broker. The trades usually operate on a weekly expiration but offer a high payout. These trades are usually also available outside of core trading hours.
- Specials – Anyoption offers a variety of special markets, including markets such as Bitcoin.
- Bubbles – This is a new feature that was recently released. Bubbles allow the trader to select an area (or ‘bubble’) where the asset price is thought to expire. The payout for this option will vary depending on the size and position of the bubble. Below is a screenshot of the new option:
The asset lists at Anyoption are quite comprehensive, although other firms do offer a longer list with commodities and forex. Newly available assets are listed at the foot of the home page, and this is a useful feature as traders can see at a glance when new items are opened.
Mobile app
Anyoption offers a smooth mobile app, they call it “Anyoption, Anywhere”. It is very well presented, but also thoughtfully laid out, making it easy to use. Rather than the more familiar red and green call or select buttons, Anyoption has a much more attractive color theme. The buttons are still clear, but it makes for a much more presentable mobile app. This also corresponds to the setup of the website.
In terms of features, the mobile app delivers here as well. Of course, realtime trading is offered across all the usual types of assets (forex, commodities, indices and stocks). Citations can be traced as many times as possible. There are no ads in the mobile app, and it is free to use.
In addition to the standard features, Anyoption has also ensured that all account management services can be performed from the mobile app. This was not always possible with other broker trading applications.
Payout
The firm usually offers around 80% payouts, and this will depend on the asset class and the expiry time. However, once traders move away from the more standard offering, the payouts start to change. The One Touch options often pay out at 380%, and the 0-100 binaries can reach 1000%. However, these kinds of payouts highlight the very high risk nature of these trades.
Withdrawal and deposit options
Withdrawal options at Anyoption are quite limited. Funds can only be withdrawn from an account by credit card or bank transfer. This has been the cause of some problems for some traders, but Anyoption makes it clear from the outset.
Withdrawal requests (made via the ‘withdraw’ option on the ‘My Accounts’ page) are processed within three working days from the date of the request. During this time, merchants can cancel any withdrawal request and return the money to their account. This allows customers to invest without making a new deposit. After three working days, the status of the withdrawal request will change to “processed” and it can no longer be cancelled.
Any notice that there may be further delays beyond the three days it takes to process the withdrawal. This is caused by processes at third parties, banks or card issuers.
Deposits can also be made via the ‘My Account’ menu. Deposits from credit and debit cards are slightly easier than wire transfers, as there is one less step in the process. Additionally, Skrill can also be used (only for deposits). All deposits are handled via transaction security protocols, which include encrypted SSL. At £200, the minimum deposit is slightly lower than the industry standard, which usually requires a minimum of £250.
Portfolio management and investment advice
Anyoption recently obtained an extended license from CySec which also enables them to offer portfolio management and investment advice. This level of license will require a higher standard of regulation and is an interesting move from the brand.
Other properties
Anyoption offers its traders the following additional features and benefits:
- TakeProfit – Traders can get the promised return on an option before the original expiration time in exchange for a premium.
- Roll forward – Postpone the expiration time of your binary option, to the nearest available expiration date, in exchange for a premium.
- Profitline – Traders have access to a chart showing the progress and current profit profile of their options.
- ‘Show Off’ Area – Successful traders can publish their winnings on the Show Off page as well as on Twitter and Facebook.
- SMS Service – Traders can receive SMS updates as soon as their positions expire.
- Bubbles – The new trade type (outlined above) is a real innovation.
Bonus
Anyoption currently offers 1 risk free trade. This gives new customers the ability to try the platform with a single trade without any financial risk to themselves. The terms and conditions for this bonus compare favorably with some deposit match bonuses at other brokers – this may see funds remain locked up until the turnover requirements are met. The bonus is a clear and simple way for traders to try the platform risk-free.