anyoption is one of the first binary options brokerages in the market. It was established in 2008 and its headquarters is in Cyprus. What makes them different from the rest is that they have an in-house platform which they have fully developed and optimized for their clients. But as much as this sounds good on paper, the real question is are they really able to deliver optimal trading conditions? And given that they have been in this business for years already, are they able to keep up with the stiff competition in the binary options market? You may continue reading this review for more details.
Demo Account: Replaced by an interactive demo
Technically, they do not offer demo accounts anymore but this missing feature has been replaced with an interactive demo which is a useful learning tool to familiarize yourself with the platform and its features without the need to risk real money
Bonuses: Additional trading funds!
The bonuses that this broker offers can be used to extend the funds for trading. It can go for as high as 100% which is an advantage for since you will have more money to invest on a number of assets.
Platform: Fast and fluid
What makes them ahead of their competition is that they are using an in-house platform. That means they have full control of its features so any improvements can be done since they don’t have any restrictions. In fact they are among the very few binary options brokers today that are able to provide unique trading instruments.
Mobile Trading: iOS and Android ready
Their mobile applications can be found on the Google Play and App Store and this allows traders who usually do their activities via mobile devices rather than computers to monitor their positions or place a Call or Put while they are on the go.
Tradable Assets: More than 200 markets
As of this writing there were over 200 tradable assets. Such number is way above average and can greatly improve your portfolio and increase your chances of making good profits.
Minimum Trade: The standard investment size
You will need to place minimum investment amount of $25 for every Call or Put position. This amount is at par with the standard minimum trade size.
Payout Rate: A tad lower that the average
Majority of the assets have payouts of around 70% or higher while the highest that they can offer for the regular binary options is 75%. This may be a little lower than the average which is around 80%+ but with so many assets to choose from, you’ll certainly have more trading opportunities.
The Call/Put trading instrument which is labelled as Binary Options has a good range of expiries.
Unfortunately, 60 seconds trading is not offered by this broker.
Although pairs trading is not available, there are other good alternatives.
They also feature Bubbles, Option+, Dynamics, One Touch, Long Term which all have substantial payout rates.
Deposit and Withdrawal
Minimum Deposit: Easy on the budget
The $200 minimum deposit requirement is easy on the investment capital since they offer a good variety of trading instruments and sizable bonuses.
Deposit Methods: Hassle-free banking
Banking is a non-issue because they support the most commonly used payment methods and this includes credit and debit cards, International Wire Transfers and Skrill (Moneybookers).
Withdrawal Processing Time: 3 days maximum
Processing of withdrawals takes around 3 days with the option to cancel the request within the same period. To make sure that they are able to fulfill such promise, I’ve tried withdrawing the money on my account and they were able to process it after 3 days.
Channels: Choose your preference
If you want to get in touch with their customer support, they can be reached by phone, email and live chat.
Availability: 24 hours a day
They are available 24 hours a day so you can talk to their agents any time of the day.
Supported Languages: English and mostly European
Aside from English they provide support for Spanish, German, Italian, French, Dutch and Swedish clients.
Average User Rating: 8.1
This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.
Platform Design: Unique and well-optimized
They have done a great job in making their platform layout unique but still familiar to traders. It was fully customized without sacrificing the speed and performance.
Support: Very helpful and professional in dealing with clients
Customer service is one of the most important factors that must be considered in looking for a broker and they seem to know this as the have well-trained and professional support agents that are able to answer and resolve any client concerns.
Reputation: Has been in the business since 2008
anyoption is one of the pioneers in the binary options industry and the great thing about this brokerage is that they remain to be one of the most trusted brands today thanks to their full compliance with the Cyprus Securities and Exchange Commission (CySEC) and their perpetually improved service.
Editor’s Rating: 80
anyoption has an advanced platform which they were able to fully optimize for their clients. They offer new and unique option types which would give traders the kind of excitement that they are looking for given that most brokers today offer basically the same instruments. Credibility-wise, they are no doubt well-established as proven by their years of existence in the market and their long-running license from the CySEC.