Anyoption is one of the biggest and longest existing binary options broker for individuals. Anyoption is easily accessible for small investors and has some unique features in its software. In this Anyoption review, we highlight the strengths and weaknesses of this binary option broker.
Binary options offered
At Anyoption you can trade in different types of binary options:
- High/low: Predict whether the exchange rate at the end of the loan term is higher or lower than the current value.
- One touch: Predict whether the price will of will not reach a specific price before the end of the term.
- Binary 1-100: predict whether the price at the end of the loan term is above or below a certain level. This level is not the same as the current rate.
In addition, Anyoption has a number of unique opportunities that other option brokers do not have:
- You may sell the options before the end of selling period with the Option+ platform. This allows you to manage risk better.
- Some options have a 'roll forward' alternative, which makes it possible for you to postpone the expiration date.
- Get the results of your options by SMS.
The binary options by AnyOption are available on 100 underlying assets: over 25 stock indices, over 60 shares, 12 currency pairs (forex), and three commodities (gold, silver and oil). The offer on shares and international stock market indices is the largest you'll find. (The number of available options on forex and commodities is relatively small.) In addition, Anyoption is the only binary options on a number of special products such as Bitcoin and AliBaba, and shares such as King (Candy Crush Saga), Las Vegas Sands (casino), and Baidu (Chinese search engine).This range of options for trading is unmatched by other brokers.
Risk and return
The return on investment on most of the options at Anyoption is around 70%. Normally we would consider this to be low, however we need to note that this broker always reimburses you 15% of your investment if an option ends up 'out of the money'. This means that the return is effectively around 82%, which is fine.
The 'one touch' options that Anyoption sells are all 'high yield' options. This means that the return is significantly higher than on a normal option, but then the chance of the option ending 'in the money' is also smaller. The returns for the one touch options are between 150% and 380%. That's definitely pretty high at the top.
AnyOption also has the special 'Binary 1-100' options, which can yield up to 1,000%. But be warned: the probability of predicting these options correctly is significantly smaller.
Unique to the broker in this Anyoption review is that you can buy options with a maturity of up to a week, and in some cases even a month. That is much longer than most other brokers, where the maximum duration is 24 hours. This makes it possible to use medium-term trading strategies to predict the movements of share prices with more certainty.
The trading platform
The basic trading platform of binary options broker Anyoption is completely web-based, as with most other brokers. The software is clear and easy. You see in the trade screen, 4 small curves so you can keep up to date with different options at once.
The software by AnyOption does not have technical analysis capabilities. That means you must either eyeball the charts, or use external technical software. We consider this a missed opportunity.
The Special Options+ platform is interesting. Here you can buy and sell binary options in real-time, also before the expiration time. The price of the option is visible in one easy-to-understand graph, with an additional box that allows you to buy and sell orders. This platform makes it possible to take advantage of temporary price gains. This combines the advantages of the binary option trading with those of 'normal' option trading.
Please take note! The yield on the options in Option+ is lower than in normal trading software (effective ca. 71%). On top of that you pay a commission of $0.50 per transaction in Option+. If you have many small buy and sell positions this can quickly add up. So be careful and think carefully whether you want to trade using the normal binary options platform or via Option+.
In addition to the normal Web software, AnyOptions has developed special apps for Android and iPhone. With it you can always keep an eye on your options, even if you're on the move. You can also trade orders from the mobile apps.
Would you like to review the software for free and try it out without risk? Then you can use this link to create a free demo account. In this way, you can use the 'virtual money' to experience how trading in binary options at Anyoption works.
Minimum deposit size, position and bonus
The minimum first deposit for your Anyoption account is 100 pounds/dollar (depending on the currency in which you open an account). This is less than in most other binary options brokers, and makes Anyoption accessible to small investors. However, make sure that the minimum deposit is for a bank transfer. Other deposit forms (such as Skrill), may require a higher minimum deposit.
Once you have an account at Anyoption, the minimum position size is 25 pounds. We think this is on the high side. If you seriously want to trade binary options, you need to have the room to win sometimes and lose sometimes. Given the minimum position size we therefore recommend a minimum deposit of 250 GBP, if you start at Anyoption.
Anyoption offers no fixed bonus on your first deposit, but once you have an account, you get bonus offers regularly. Occasionally keep an eye on your inbox to earn a few extra bucks.
Conclusion of this broker review
All in all, we are very positive about Anyoption. There is no other broker with such a good supply of underlying assets, and that, as far as we are concerned, makes AnyOption the first-choice among binary options brokers. The only sad thing is that the software has no extensive technical analysis capabilities, but this is compensated for by the clarity and accessibility for rookie traders. We give the binary option broker, Anyoption an excellent rating (5/5 stars)!
Do you want to try out the offer of the binary option broker Anyoption? Then you can use this link to open a demo account for free and without risk. Would you like to immediately experience, in reality, trading binary options? Click here open a real trading account at Anyoption.
Anyoption binary options broker review summary:
Rating: | |
Minimum position size: | $25 |
Time to maturity: | 60 seconds up to 1 month |
Binary options on: | Stocks, market indices, forex and commodities |
Regulated: : | Regulated by the CySEC (# 187/12) |
Software platforms: | Web-based trading (view here) |
Minimum first deposit: | $100 |
payment options: | & Bank transfer |
Bonus: | Incidental (but you can get a free demo account) |