AnyOption Review

THIS BROKER HAS CLOSED AND IS NO LONGER AVAILABLE. Please visit our broker review page for our most recommended brokers.

 

Rating section:

  • Bonuses: 70/100
  • Software: 80/100
  • Customer Support: 80/100
  • Options Choice: 85/100
  • Overall: 80/100

 

TRADE AT ANYOPTION

Summary:

When it comes to the issuance of bonuses, there is a little bit of a difference in how this metric will be judged. AnyOption used to be regulated by the Cyprus Securities and Exchange Commission (CySEC), and this agency has prohibited the issuance of bonuses. AnyOption does not offer direct bonuses but provides a cashback payment system, which refunds the trader’s capital that may have been lost in the first few trades on the network.

There are no volume requirements to fulfill, so this metric scores 70/100 on our rating system. AnyOption presents a proprietary trading platform which also has a mobile version, and was one of the first brokers to do this. So the software scores 80/100. AnyOption provides a great customer support system complete with live chat, email and phone contacts, as well as very active social media handles.

These features attract a score of 80/100. Finally, the choice of options offered on AnyOption provides a unique diversity which gives traders a lot of flexibility, which is why a score of 85/100 is allocated here.

 

AnyOption Intro

AnyOption is one of the earliest binary options retail brokers. How has the company fared with increasing competition as well as some of the negative publicity that binary options has had lately? This review will show the steps that AnyOption has taken to ensure that it stays ahead of the game.

 

Company Information

AnyOption is a binary options brokerage owned by Goldbeam International Corporation. (Company number: 131941). This company is located in Belize. Ownership of the AnyOption brand changed hands after original company owner Ouroborous Ltd decided to pull out of binary options brokerage business. This has also had an effect on its regulation, as it has let go of its Cyprus license and is now trying to get Belize’s IFSC license.

AnyOption is an old hand in the industry, having setup shop in 2008 during the early days of retail binary options trading. Since those early days, the company has undergone a lot of modification.

  1. It has changed its options types several times to match the demand of the target market.
  2. Company ownership has changed.
  3. The platform offered to traders has changed from a turnkey version to a proprietary platform, which has also undergone changes.
  4. A mobile app for trading is also available.

 

Assets available

AnyOption presents over 200 assets for trading on its proprietary binary option platform. These assets are spread across four different asset classes as shown below.

Equities:

  • United States: AIG, Alcoa, Alibaba, Amazon, Apple, Bank of America, General Motors, Goldman Sachs, Google, Intel, JPMorgan Chase, MasterCard, McDonalds, Microsoft, Morgan Stanley, PayPal, Twitter, Wal-Mart, Walt Disney.
  • Europe: Adidas, Allianz, Banco Santander, BBVA, BMW, Deutsche Bank, E.ON, PHILIPS, Renault, Royal Dutch Shell, SAP, Societe Generale, Telefonica. UNILEVER
  • Asia Pacific: ANZ Bank, BHP Billiton, Mitsubishi, National Australia bank. Toyota Motor

Currencies:

AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/DKK, USD/JPY, USD/NOK, USD/PLN, USD/RUB, USD/SEK.

Commodities:

GOLD, OIL (BRENT CRUDE)

Indices:

  • United States: Dow Jones, Nasdaq, S&P 500
  • Europe: AEX (Amsterdam), CAC 40, Cac Future, Copenhagen 20, DAX, DAX Future, Euronext 100, FTSE 100, FTSE All-Share, FTSE IT All-Share, FTSE MIB, IBEX35 (Spain), MDAX, OMX Stockholm 30, PSI 20, TECDAX
  • Asia Pacific: Bombay 30, Hang Seng, Kosdaq, Nikkei 225, SP/ASX200 Sydney, TOPIX500 (Tokyo)
  • Middle East: Dubai

 

Bonuses & VIP programs

Coming from a no-bonus environment which was instituted by CySEC, AnyOption’s bonus offering is presently not very clear. The few bonuses which have been cited in various sources are usually issued by affiliate partners and not from AnyOption itself. However, traders get a cashback bonus, which refunds a limited amount of capital lost in the first few trades by new users on the platforms.

Only one account type is offered to traders on AnyOption. Therefore, there are no special VIP bonuses.

 

Mobile

AnyOption has a strong mobile presence with the development of its mobile trading app. This is an improvement over the previous mobile offering, which only presented a mobile-friendly version of the desktop site. AnyOption’s mobile trading apps can be downloaded from the Google Play store (Android smartphones and tablet devices) as well as Apple’s App Store (iOS devices).

 

Deposits and Withdrawals

Deposits and withdrawals at AnyOption have been made as easy as possible for the benefit of its global base of traders. Here are the listed transaction methods.

Credit card/debit card: Cards issued by VISA and MasterCard are the only brands recognized and accepted on the AnyOption platform. Account deposits are generally handled instantly, while withdrawals are concluded within 1 day.

The SWIFT bank wire method can be used for account deposits and withdrawals on the AnyOption platform. Transactions take between 3-7 days to be fully processed. These are the standard transaction processing times obtainable in the industry.

AnyOption does not offer e-wallet transactions. Account currencies that can be used for trading on AnyOption include US Dollars, Pounds Sterling, Russian Ruble, Euros, Turkish Lira and Swedish Krone. Once a currency is selected, all trading and transactions must be maintained in that currency. The minimum deposit amount with the card option is $250. Minimum deposits and withdrawals with bank wires is $500.

Customer Support

The beauty of AnyOption’s customer support is that there are many channels through which contact can be made with the brokerage desk. The following channels are available:

  • There is a live chat service, which is available 24/7, 5 days a week.
  • Traders can request a Callback with a click of a button on the home page.
  • Email: Email support is available at [email protected].
  • Phone: Phone support is available on +44-2080997262.
  • There is also an online contact form for traders to use.
  • The various social media handles are: Facebook (facebook.com/anyoption), Twitter (www.twitter.com/anyoption) and YouTube (www.youtube.com/anyoptionDotCom).

 

Extra Features and Resources

A variety of features are available on the AnyOption platform.

  1. A binary options demo account is available, but only to those with funded live accounts.
  2. Brand new trade types such as Option + and Dynamic binary options.
  3. Assets are compartmentalized into territories, to enable traders trade only those assets they are familiar with.
  4. Traders are also given the Sell Position feature, which enables traders to close positions earlier than the pre-set expiry time. This is done to cut losses or to take some profits early.
  5. An affiliate program which rewards those who refer their friends is also available.
  6. First time traders enjoy cashcback returns on their initial trades.

 

Verdict

AnyOption is trying to reinvent itself after it exited the European binary options market to setup base in Belize. What it has tried to do is to exit the restrictive regulatory environment in Europe to provide a more broad-based service from Belize where regulatory requirements are more relaxed. This has implications on the perception of the standards of its offerings as follows:

 

Pros

  • AnyOption has great customer service channels which are available round the clock for the benefit of traders and prospects alike.
  • There are several new binary options trade types, which ensure that trading on the AnyOption platform remains exciting and not one huge bore.
  • AnyOption presents 200 assets, compartmentalized into regions. This helps traders choose assets that are localized to their region of origin, enabling them trade assets they are more familiar with.
  • Enjoy a different kind of bonus without the strangulating volume requirements.

Cons

  • AnyOption’s greatest undoing may come from the regulatory end. In terms of regulation, CySEC is better regarded than the IFSC. Dumping CySEC’s license and replacing it with a license from the IFSC may be regarded by traders as a downgrade in standards.

 

FAQ

Here are some of the frequently asked questions that traders and prospective users may have about the AnyOption platform. Most of these questions border on performance and safety of funds. Here they are:

 

What is AnyOption’s regulatory status?

AnyOption used to have a CYSEC license, but the sale of the brand to a Belize-based entity warranted a change of license. Presently, AnyOption does not have a CySEC license, but is on the way to acquiring an IFSC license.

 

What assets are available for me to trade on AnyOption?

More than 200 assets covering stocks, currencies, commodities and indices can be traded on AnyOption.

 

What binary options types are found on the AnyOption platform?

The following trade types are found on the AnyOption platform: Above/Below, Long Term, One Touch (high yield), Dynamic and Option +.

 

How do I connect with AnyOption on any of the social media platforms?

AnyOption has a strong social media presence. You can connect with them using their Facebook page (www.facebook.com/AnyOption) or Twitter handle. (www.twitter.com/AnyOption). There is a YouTube channel.

 

I have a Skrill account. Can I deposit with Skrill on AnyOption?

AnyOption offers credit/debit card and bank wire options for deposits. Deposits made with Skrill are not accepted.

 

Are there any learning resources on the AnyOption website?

AnyOption has a number of reading materials and instructional videos on their website.

 

Does AnyOption accept US traders?

No, AnyOption does not accept traders from the US.

 

 

TRADE AT ANYOPTION