This is a full review of AnyOption that happens to be world’s first binary broker set up in 2008. Since it is the oldest binary broker it has one of the biggest user base of satisfied customers. They have seen it all and were able to adjust and tweak their services and thrived on obstacles as well as success.
It is this type of modern and open approach which turn Anyoption into one of the biggest and most respected binary options brokers in the world. In this review we will look at their main options, features, and we will discuss their advantages as well as disadvantages.
Anyoption is a fully EU regulated binary broker
Anyoption’s trading platform is operated by Ouroboros Derivatives Trading Limited which is regulated within the EU by CySEC – Cyprus Securities and Exchange Commission under licence number number 187/12.
As we have advised beginner traders numerous times on this websites, it is always best to trade with a binary broker that is regulated. In case you’re wondering why, it is because a regulated broker has an overseeing government authority to which it must answer.
In real terms this translates into a certified operation whose functioning and calculations are checked by a neutral overseeing body. If a binary broker in unregulated it can not be fully trusted as it’s operations can be hidden and unavailable to the public or even high courts.
Remember that when you trade binary options you essentially bet against your broker so it is of paramount importance that it is a broker that can be trusted.
Unregulated brokers and their trading platforms as well as other operations simply cannot be fully trusted.
With a regulated broker you have a piece of mind that you won’t be conned or cheated on the trade results. This is very important for further development.
There are traders out there who recommend having a few accounts with various brokers. However, we believe that it’s much more effective to trade and get used to one good broker that is regulated and that you can trust, than to trade with 10 unregulated brokers.
Operation in multiple languages
Their web platform and trading apps available for apple, windows and android phones operate in many languages besides English. In fact Anyoption is one of the most translated trading binary options service.
Without operating in most languages Anyoption would never accomplish the goal of being one of the biggest binary brokers out there. In general, there are many more binary traders from non-English speaking countries. Asia is one of the biggest players, mostly Japan.
Cutting edge trading platform
Anyoption offers one of the fastest and most reliable trading platforms of all binary option brokers. The beauty of it is that it is simple and intuitive even for beginner traders but has all the option that are needed and more. Here is a close up of the basic trading window of EUR/USD
This is a trading window of a single asset. You can see the asset type in the upper left corner and by clicking on the arrow highlighted in yellow you can load a different asset into the window. In the upper right corner you have the asset expiry time which can be modified by clicking the yellow arrow next to it. In the main view you can see the big buttons to call or put and the price action in ticks. The price action window can be zoomed in and out by using the – and + buttons on the right.
In the lower navigation you can choose your investment level and your profit margin. Remember that binary options are fixed return options so what you receive when you win or lose is clearly defined from the outset. The results of your settings of investment and your accepted profit levels/losses will be seen on the right. In the above example we can see that with an investment of $100 and a profit level of 75% we can win $175 or lose $95. Let’s discuss this further.
Unique risk management control tool
In trading, risk management is crucial. Without proper risk management a trader simply cannot succeed. Where most binary option brokers lack any development in this area, Anyoption shines with another example how risk management can be integrated into binary options trading. In each asset’s window we can change the profit and loss margin.
Most binary brokers do not offer the option to modify the profit to loss ratio. It’s simply win or lose it all. But this is not the case with Anyoption where you can control and manage the risk of your binary option trade. That can control your losses and if you lose your trade you won’t lose the full amount.
Here is a screenshot of EUR/USD again but with modified profit and loss:
Here you can see that the investment level remains the same but we have changed the profit margin to 55% and in case the trade goes the other way we will keep $25 of our investment. With most binary brokers, on your lost trade you will lose 100%, namely all of your invested amount.
Allowing you to keep and control your losses makes a BIG difference and a huge plus for Anyoption. As far as we’re aware they give the highest returns on losses than any other binary broker.
Configure your trading platform to trade favorite assets
To make your trading experience more pleasant your main view of the trading window can be configured to show up to four different assets. You can select any asset you like in those four separate windows allowing to focus on trading your favorite assets. See screenshot below
You can choose assets from currencies, stocks, indices, and commodities. Anyoption has the widest selection of assets so whatever your interests are you’ll always be able to trade a connected asset.
One-Click trading option
For those of you who want or need to enter trades faster you can activate the One-Click trading mode. What this will do is access the trade without the need to confirm it.
There are many binary options trading strategies which success depends on fast entries. This is especially true for very short term expiry trades where traders trade 1 minute or 5 minute charts.
As you can imagine trading at those short expiry times and chasing the price action is very challenging and so being able to simply click the Call or Put button to enter a trade is of great help that many traders need.
Of course there is always another side of the coin and one-click trading can be a very damaging tool in the wrong hands. Someone who is trigger-happy and is trading without any strategy will most likely grow to dislike one-click trading, even though most traders will appreciate it.
Bubble trading technology
Anyoption always tries to introduce new things into the world of binary options trading. Some of you may think that bubble trading refers to market bubbles and ways to trade them. In a way there is a connection but this type of bubble trading is different. This is a new and exciting technology which is based on creating bubbles on the trading chart in the hope that the price action will poke the periphery of the bubble you create.
What is really innovative about this type of approach is that it is very visual and the size of your return is based on the size and the placement of your bubble. As you can see in the above example the bubble placed there will get 105% in return if the price action touches it. The smaller the bubble and the farther away from the price action the higher the percentage of returns, which may be as high as 1000%!
Conversely, when the bubble is big and close to the price action the returns will lower drastically, as seen in the example below.
This is a new and exciting way to trade but one needs to be cautious as well. In a way it looks very simple, a child could place the trades but don’t be fooled by its simplicity. To trade it well and accurately with consistent wins one needs to use a proper trading strategy just like with any other trading system.
When you draw and place your bubble on the chart you will need to enter the trade by clicking the big GO button. As soon as you do your trade will be executed and your return profit locked. Until you click the GO button your return calculation will be automatically adjusted by the system which analyzes live data.
Anyoption support and assistance
Without good customer support no binary broker will be able to survive for this long. Anyoption’s support is of really good and well standardised quality and runs round the clock worldwide 24/7.
You can contact the support at any time using the online chat window on their website or send an email to support. You can also call Anyoption to opening an account, terms and conditions, trading platform, withdrawal, etc.
Islamic accounts for Muslim traders
Anyoption is also one of the first binary broker to recognize the need of Muslim investors and create Islamic compliant trading accounts.
To create Islamic account is a huge step forward and a strong signal to the rest of the binary community to treat their customers with respect they deserve.
These Islamic accounts for Muslim investors strictly adherence to Shari’a and Fiqh laws. They include the following:
- No-Riba – Interest free account
- Hibah – Donation platform enabled
- Musharaka – Matched amount at first deposit
Anyoption’s Islamic accounts have a distinct features and few advantages that put them in the lead of other Islamic accounts offered by competition.
Anyoption’s Islamic accounts offer interest-free trading. They are guaranteed to be protected from any interest charges or any hidden charges that could be added or taken by the broker.
Anyoption review – Final verdict
It is our opinion that Anyoption is the by far the best binary options broker out there mainly due to the fact that they offer adjustable returns on losses, which really help a trader in their risk management and increases chances of winning.
In addition they offer a very reliable and fast trading platform, easy withdrawals, innovative trading options such as bubble trading, free demo, and Islamic accounts.
Anyoption is one of the oldest binary brokers and its survival in this massively competitive market is a testament to how good they are. Serving tens of thousands of clients worldwide in this industry is a great achievement and one could consider Anyoption to be the world’s biggest and best binary options broker.