AnyOption is a binary options broker with a strong emphasis on education. That means that when it comes to beginning traders, this can be a great resource. However, that doesn’t mean that it is actually the best broker for you and your needs. As you start thinking about which binary options broker to use, consider this guide as you are getting set to make your decision.
The Platform in a Nutshell
AnyOption’s trading platform is unique to them, and has many different features that make it a strong tool. They offer over 100 different assets, ranging from currency pairs, to stocks, to indices, to a few commodities.
They offer a few different types of options for you to take advantage of. They have the standard call and put options that are common in the binary options world, along with long term options. There are a few different customization choices, too. These include the Option+, which lets you set a fixed expiry for any asset and more flexibility if you need to sell your option back to the broker, and the Binary 0-100. This last feature gives you the ability to make a profit of up to 1,000 percent on some options, depending on the level of risk that you are willing to take one.
The minimum amount that you must risk per trade is $25.
Banking with Anyoption
Setting up an account with AnyOption is really easy. You need to supply your name, country, phone number, and email address to gain access to an account. In order to trade, you will need to fund your account. They accept major credit cards like MasterCard and Visa, the online wallet Skrill, and wire transfers. When you are ready to withdraw the money that you’ve earned, you will have to make a withdrawal the same way that you deposited that money for security reasons.
In order to make a withdrawal, you will need to provide proof of identity and residency. Usually, a government issued identification card and a utility bill is more than enough to cover this. Just scan them and send them to the customer service team here. Once these are processed, you will be able to make withdrawals from your account with ease. Do note that depending on how frequently you make withdrawals and what method you use, there may be fees associated with withdrawing money. If you need to cancel a withdrawal for some reason, you can do so within three days of your request.
The minimum deposit that you must make to open an account is $250 USD.
Mobile Trading is Available
This site has a trading app available for both Apple and Android devices. You can find them for free download in the iTunes store or through Google Play. The app is actually a far better tool than the website itself as they have more trading options, including one touch trades. You can also make withdrawals from your account directly from the app, which is a nice touch if you want to protect your earnings. There are also interactive graphs that can assist with trading decisions. Using the app from your phone or tablet in conjunction with trading on your computer can give you an expedited way to process information and make faster trades, if you are interested in this little shortcut.
AnyOption is based out of the European nation of Cyprus. The broker is regulated by CySEC, the industry standard within Europe when it comes to making sure that brokers are safe places for traders to do business through. As a result of current CySEC rules, this broker does not allow traders from the United States to create accounts or trade here.
If you’re looking for a trading bonus, AnyOption does have them. Depending on the amount that you have in your initial deposit to the site, your bonus can be as large as 100 percent. If you are planning on making a deposit, make sure that you max out your bonus in order to get as much trading capital as possible.
Who is this for?
AnyOption has some great resources for beginning traders, but the bulk of their tools are geared toward advanced traders that know how to effectively use them. Yes, a beginner can use these things, but without the proper experience, this is more of a liability than it is a helpful thing. We recommend AnyOption to advanced traders most heavily because of this. If you are new to the world of binary options, we strongly recommend that if you use this broker, that you wait quite a while until you start using the Option+ or Binary 0-100 features. These have a lot of potential, but until you understand the nuances of trading, they are more likely to hurt than help. Luckily, AnyOption has so many great educational tools that you can get to this point far more quickly with them than with most other brokers.