Despite what some say, binary options trading is not going to make you rich overnight. What it does do is offer traders the chance to earn substantial profits in very little time. In order to do this though, traders need to have access to an investment platform. This is where brokers such as AnyOption enter the picture. Broker selection is important, as not all are created equal. Knowing what each broker offers is a critical step in the selection process.
AnyOption is regarded by most as being the first online broker to arrive on the scene. What makes AnyOption unique may not be what you’d expect. Instead of loads of fancy, less than useful features, this binary options broker appeals to traders by offering a no-frills approach to trading. The act of trading is not overly complicated, and this broker simply keeps it that way by offering an uncomplicated platform. First-time traders should have no problem in getting started, and experienced traders certainly will not either.
Customer supports is an area which is frequently overlooked by traders. AnyOption scores highly in this area by offering multiple contact methods, around the clock assistance, and reps which can provide help in several different languages (the platform is available in several different languages as well). Traders can select from live chat and email contact. Two-way phone support is also offered – you can phone AnyOption, or request that one of their representatives phone you by selecting the “Callback” option from the main web page.
The AnyOption platform offers a variety of trade types (Binary Options, Option+, Binary 0-100, Bitcoin, and One Touch). There are a variety of expiry times to go along with these, but traders should note that super-short expiry times for rapid trading are not available. The last piece of the puzzle is underlying assets and AnyOption certainly excels by offering over one hundred stocks, commodities, currencies, and indices to trade with.
In addition to these solid basics, AnyOption now offers a host of additional features. Traders are provided with a stop loss tool, binary options trade extension tool, the ability to see the percentages of traders who are choosing Put or Call positions on each trade, and much more. Profit monitoring and analytic tools are built in and provided at no charge. Options such as Roll Forward are provided at a cost, but they can be well worth the price when trades end up finishing in the money.
AnyOption account registration requires only some basic information and a few minutes time. This broker asks for a reasonable $200 initial deposit once you’re ready to start trading binary options within the platform. Once trading, traders are provided with profits rates of as much as 80% and refund rates of as much as 25%. Variable profits are available, with traders able to select the profit and refund combo they desire. On One Touch weekend trades, payouts can be a whopping 1,000%. These are higher risk trades, but many are willing to put their skills to the test in exchange for the chance to earn super large profits.
AnyOption has proven itself reliable over the years and even though they have stayed with their commitment to make binary options trading simple, they’ve also made enough changes to allow them to keep up with the ever changing industry. Part of this is the provision of multiple deposit and withdrawal methods and plenty of security to protect the exchange of financial information. Withdrawals are usually processed within 3 business days, and AnyOption does hold trader funds in designated accounts for protection.
- CySec regulated
- User-friendly platform
- Reasonable minimum deposit
- Huge list of underlying assets
- Large amount of tools
- High level of reliability
- Excellent customer service
- Mobile trading app for iPhone and Android
- Lack of rapid trading options
- No tiered or VIP accounts
- Limited educational tools
- Limited weekend investment options
AnyOption does offer a solid brokerage service and investment platform. Learning how to use the platform is going to be easy and fast. Seasoned traders may find the overall system a bit too simplistic, but most binary options brokers today offer these user-friendly platforms since the influx of new traders is so substantial. AnyOption doesn’t offer a large variety of analysis tools, but then most brokers don’t since traders seem to prefer to seek out their own preferred tools for this task.
The return rates are solid and the refund rates are above average. The team behind the platform brings plenty of experience to the table and this shows in the way this broker seemingly refuses to sacrifice on quality. One area in which this is clear is the massive number of underlying assets, with new assets being added to the index on a consistent basis. With years of experience in the books and a long list of satisfied traders, AnyOption is a binary options broker that is clearly worth consideration.