AnyOption is one of the leading binary options broker on the market today. It has been around since 2008 and is currently operated by Ouroboros Derivatives Limited, head quartered in Cyprus. Operations are located at 42-42 Griva Digeni Avenue 1096, Nicosia and are regulated by CySEC. The broker operates under full regulatory compliance and in accordance with MiFID standards.License number is 187/12, external auditor is KPMG.
Update March 27th 2017 – Anyoption no longer provides any customer bonuses, per new CySEC regulations.
Update June 27th 2017 – Anyoption has announced plans to merge with Invest.com and begin offering CFD style trading. Binary options are no longer the game, Anyoptions is shutting down the binary arm of its business but will continue to service existing clients.
No More Binary
The Geek’s Review Of AnyOption
AnyOption is not only one of the oldest binary options brokers, it is among the most respected. The company has been a leader in both technology and transparent operations, becoming one of the first to achieve CySEC approval. It is built on proprietary technology so you will not find the many cutting edge features any where else. First thing of note, AnyOption was the first to have adjustable risk/reward settings so that traders can control the amount of profits versus amount of rebate for losing trades.
The platform is very easy to navigate and supports standard digital binary options, Binary 0-100, Option+, One Touch and Special options. Expiry on this platform is very good, as is the asset list. Assets total more than 180 including stocks, indices, commodities and forex pairs. They have options with expiry as short as 30 seconds all the way out to end of the month. In between are multiple intra-day strikes, end of day and end of week. Their proprietary product Binary 0-100 allows traders to sell within seconds of opening a position, or holding until expiry if desired.
Binary 0-100 is similar to a ladder option, and also to the CFTC style traded on NADEX. These options have set strikes and expiry, as well as higher returns. The Binary 0-100 options are perfect for short term traders because they can be bought and sold at will. If the market moves within 60 seconds you can sell, if it doesn’t you can wait until it does. I think they are a great tool for traders, especially when trading on stronger signals. Option+ is call/put style binary options with the addition of Take Profit and Rollover tools. This feature allows for traders to sell early, protecting capital or locking in profits, ad to extend trades if an expected moves takes longer than first indicated.
Update March 2017 – Binary 100 didn’t last long, it is no longer available. They do have a new Bubble Option that is pretty cool, you draw a circle around a target price area and if price moves into your “bubble” you win. Payouts depend on the size and placement of the bubble.
Banking At AnyOption
This is one of the best brokers to bank with but you still need to follow a strict set of rules. CySEC regulation and other EU laws ensure the safety of your money, but you have to provide ID, just like with any broker, to help prevent money laundering and other illegal activity. Minimum deposit is only $100 so very easy to do. This can be done in the standard ways; credit cards, wires and with this broker also Skrill. Be warned, you can not withdraw with Skrill at this time. If you deposit with CC any withdrawals to it will be limited to the initial deposit, any profits will have to go by wire. Skrill and CC deposits will clear within minutes of processing, wires take a bit longer. Withdrawals will take up to 10 business days from time of request.
AnyOption no longer provides bonuses per new CySEC regulations. This prevents conflicts of interest, helps protect your deposit and makes withdrawals much simpler.
Social Trading At AnyOption
AnyOption has a number of special features including a few social/copy trading tools. The LIVE feature is a panel of live trades that stream as they are made. Each trade is provided with some basic details about the trader, stats and Trading Trends. Trading Trends is similar to investor sentiment features on other platforms which tell you what percentage of traders are buying calls or puts. Traders can use the stream of trades to judge what others are trading, get ideas or use them for signals.
AnyOption has also partnered with CopyOp, a new platform for copy trading. AnyOption clients can use their account information to log on directly to CopyOp in order to find, choose and follow traders. You can find the Geeks Review of CopyOp here.