Anyoption Review

Anyoption reviewSince its launch in the year 2008, Anyoption has managed to establish its place as one of the well renowned and leading binary options platforms across the world. The Anyoption binary options platform has a horde of assets for traders to trade in; the platform features up to 200 assets today. Other aspects that make this broker a preferred option among many binary options traders include swift and free monthly withdrawal processing. Below is honest and reliable review of this broker.

Basic information:

Online since: 2008
Jurisdiction: Cyprus
Software: AnyOption
Max Returns: 80%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: $20000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations excl. USA

Pros:

– Accepted Methods of Deposit: Skrill/Moneybookers, MasterCard, Visa, Bank Wire, CashU, Maestro and Diners Club.
– Allow Traders from all over the world to trade.
– High Returns on Investment
– Small minimum investment

Cons:

– There is no demo account

7 Binary Options Rating:

5 stars

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Outstanding Features

Currently, this company does not advertise any information, related to the bonuses it offers. Additionally, the company does not advertise any information regarding it VIP program. However, all the traders on this platform are contacted by a customer care representative from the company a short period after opening an account with Anyoption. Therefore, a representative will call you, after you have opened an account with this broker, and present the options you have as a binary options trader with the company. Depending on the amount you would like to deposit into your Anyoption traders’ account, the company offers several options.

While testing how the platform works and whether it is legitimate, we opened an account with Anyoption binary options broker. In this regard, the company gave us a 25 percent bonus on our initial deposit on the binary options platform. While talking to a customer care representative with the company, we also established that it was possible for traders to get even higher bonuses on their initial deposits with the company. The experts at 7binaryoptions reviewed this broker for some time and established that the traders on this platform have up to three months to deplete the bonuses they get on their initial deposits. Additionally, you can also check your bonus balance and how the amount was used by clicking on the bonus tab, which is situated on ‘my account’ page of the website. While operating our Anyoption traders’ account, we did not come across any major hindrance and were able to clear our bonus within the stipulated period.

The Software Used To Trade and the Assets Available At Anyoption

Over the years that this company has been in business, it managed to develop an outstanding platform and fine tune any glitches that were initially associated with the platform. As such, this platform id specifically designed to offer unmatched binary options trading experience to the traders. In this regard, the platform is comparatively easy to navigate and features a seamless design, which makes it easier for traders on this platform to locate whatever they want while using the Anyoption trading platform. For instance, a trader is able to monitor his or her active traders on the platform, after opening a position. This information is delivered in the form of a chart that is easy to understand for the traders. The information provided in these charts allows the trader to understand the movements of the open positions as well as the final outcome of any of the traded assets on the platform.

The Anyoption also features weekend specials, which may be used by traders to enhance their chances of success in placing OneTouch trades on Anyoption platform during the weekends. In addition to the Anyoption web-based online trading platform being user-friendly, the company has also taken a step further to offer increased flexibility to the traders on its binary options platform. This has been achieved by the state-of-the-art and easy to use Anyoption Android and iPhone mobile phone trading applications.

With regards to the available assets on the trading platform, Anyoption has one of the largest pools of available assets to trade in the industry. Currently, traders on this platform can choose among the more than 200 assets to trade in. This figure is almost twice as much assets offered by some of the leading binary options in the industry today. Additionally, this broker is also the perfect choice for the traders who have some experience in trading certain binary options assets. After using the broker for a while, we noticed something rather bad about the broker. Although the platform has many assets to choose from, the broker charges a comparatively high commission (a 50 percent commission). If you have a large capital, this commission may not be noticeable. However, it can have a negative impact on the traders with a smaller amount of money to invest in binary options using this platform.

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anyoption

Services and Customer Support

Based on the experience we have working with and evaluating various binary options brokers and binary option robots we can confidently assure you that the customer care services at Anyoption are truly exceptional. To begin with, the period we had to wait in order to a representative on live chat was between 5 and 10 seconds, any time we wanted to contact them. Again, the copy of ID we submitted for the purpose of account verification was approved by the broker in less than three hours. However, the verification process has been reported to take a couple of days in some cases. Since the broker accepts traders from various countries across the globe, the website has been translated to 15 languages. This allows traders from various parts of the world to have an outstanding trading experience while using this platform, regardless of their language. This aspect also makes this broker one of the best service providers in the industry.

Anyoption Banking Services

Basically, this company keeps traders’ money in segregated trust accounts. This is critical when it comes to ensuring that your money is safe with your preferred binary options broker. This way, you can use your funds safely on the Anyoption trading account until you decide to withdraw it. In order to be able to withdraw the money in your Anyoption traders’ account, you will be required to verify your account, which is achieved by sending a copy of your Identity Card and a document to prove your address to the broker. Normally, traders are allowed to withdraw from their accounts once in a month and there is no fees imposed on such withdrawals. However, you may also withdraw money from your account more than once in a month during which a processing fee of $30 will be charged for each subsequent withdrawal. This amount is charged in order top cover the bank costs imposed by the banks processing the withdrawal.

In some cases, though, traders may be required to print and submit signed copies in order to be allowed to withdraw from their accounts. The 7binaryoptions account we were using to evaluate the performance of this broker was approved in less than 24 hours. We were also able to establish that the Anyoption binary options broker is licensed by CySec. This licensing allows the company to operate and advertise within the EU.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Italian, Danish, Swedish, Russian, Japanese, Arabic, Korean, Finnish, Indonesian, Turkish, Portuguese, Greece, Norwegian, Malay
Trading Options: High / Low, One Touch, Option Builder
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 1 5 min, 30 min, 1 hr, 24 hr+
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, CashU, Diners Club, Maestro, Ukash
Withdrawal Time: 3 days
Demo account: No

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Anyoption Articles:

References and Further Reading:

  1. Measuring Switching Costs and the Determinants of Customer Retention in Internet-Enabled Businesses: A Study of the Online Brokerage Industry (Pei-Yu (Sharon), Lorin M. Hitt-2001)
  2. Optimal Release of Information By Firms (DOUGLAS W. DIAMOND-1985)
  3. Overreaction” of Asset Prices in General Equilibrium (S.Rao Aiyagari, Mark Gertler-1999)
  4. Evaluation Periods and Asset Prices in a Market Experiment (Uri Gneezy, Arie Kapteyn, Jan Potters-2003)
  5. Private Ordering on the Internet: The EBay Community of Traders (David P.Baron-2010)
  6. Do Professional Traders Exhibit Myopic Loss Aversion? An Experimental Analysis (MICHAEL S. HAIGH, JOHN A. LIST-2005)
  7. Institutional Traders’ Behavior in an Emerging Stock Market: Empirical Evidence on Polish Pension Fund Investors (Svitlana Voronkova, Martin T. Bohl-2005)
  8. Intention To Adopt Online Trading: Identifying The Future Online Traders (Li, Yinghao Mickey; Lee, Jinkook; Cude, Brenda J.-2002)
  9. Online Investors: Do the Slow Die First? (Brad M. Barber and Terrance Odean-2002)
  10. Stock market volatility, excess returns, and the role of investor sentiment (Wayne Y Lee, Christine X Jiang, Daniel C Indro-2002)
  11. Trading Complex Assets (BRUCE IAN CARLIN, SHIMON KOGAN, RICHARD LOWERY-2013)
  12. Binary Options: Strategies for Directional and Volatility Trading (Alex Nekritin-2012)
  13. Reputation Mechanism Design in Online Trading Environments with Pure Moral Hazard (Chrysanthos Dellarocas-2005)
  14. Building Trust On-Line: The Design of Reliable Reputation Reporting : Mechanisms for Online Trading Communities (Chrysanthos Dellarocas-2001)
  15. Does Competition Promote Trust and Trustworthiness in Online Trading? An Experimental Study (Gary Bolton, Claudia Loebbecke, and Axel Ockenfels-2008)
  16. Organization Design and Effectiveness over the Innovation Life Cycle (George Westerman, F. Warren McFarlan, Marco Iansiti-2006)
  17. System and method for online trading of television advertising space  (John Phan, Allen Easty-2006)
  18. Sanctioning Reputation Mechanisms in Online Trading Environments with Moral Hazard (Chrysanthos Dellarocas-2004)
  19. The Sound of Silence in Online Feedback: Estimating Trading Risks in the Presence of Reporting Bias (Chrysanthos Dellarocas, Charles A. Wood-2006)
  20. Binary Options: Fixed Odds Financial Bets (Hamish Raw-2011)

7 Binary Options review: Anyoption: 5 stars.

John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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