AnyOption Review
Considered as one of the leading binary options brokers in the industry, AnyOption was established in 2008, the year when binary options were first approved for public trading on Chicago Board Options Exchange (CBOE) and the American Stock Exchange (Amex) by the U.S’s Securities and Exchange Commission (SEC). As one of the pioneering binary options brokers in the industry, AnyOption sets the standard which the rest of the industry must follow.
Basic information:
Online since: 2008
Jurisdiction: Cyprus
Max Returns: 75% (Returns can be adjusted under the Bubbles trading mode)
Minimum Deposit: $250
Bonus: Case by Case Basis
Software: AnyOption
Minimum Investment: $25
Maximum Investment: $20000
Currencies: USD, GBP, EUR, SEK, RUB, TRY
Mobile: Yes
Countries: All Countries, except USA
Pros:
– Adjustable Returns
– Comprehensive Support Options
– SSL Support
Cons:
– No Demo Account
Binary Minery Rating:
AnyOption Special Features
AnyOption takes a very personalized approach towards their customers. The broker does not advertise its bonuses nor reveal any information about some of the benefits that their trading accounts have. All this information is instead conveyed by the customer service representative when you sign up for a new trading account with them. For example, the bonuses that are offered to traders depend on the amount of money that is being deposited. Once the trader has taken up the bonus offered by AnyOption, he has just three months to utilize this bonus.
Another interesting feature about AnyOption are the returns that the trader gets when he executes a trade. Unlike what other brokers are offering, which is a fixed predetermined return, AnyOption lets traders decide for themselves how much they want to earn for a trade-off with out of the money trades. For example, if a trader wants to get the maximum return of 75% for his trade, he can only expect a 5% rebate if his trade is unsuccessful. On the other hand if a trader wants to receive the maximum rebate of 25% for a failing trade, he can only expect a maximum return of 55% for his trade. This way, the trader can vary the return for his trade according to how much he wants to risk.
AnyOption Trading Software
AnyOption belongs to the rare handful of binary options brokers who have their own proprietary platforms. The majority of binary options brokers today go for white labelled platforms supplied by third party vendors such as SpotOption or Tech Financials. Hence with AnyOption’s trading platform, traders will get to enjoy a unique trading experience. In fact, most of the existing binary options trading platforms have been based on AnyOption’s original trading platform introduced in 2008. Nevertheless, AnyOption has gone on to further improve their trading platform adding new trading features which are not found on any other trading platform in the industry.
An example of one such feature is the Bubbles trading mode. With this trading feature, you simply drag a bubble across the trading screen until you get to the return that you want for your trade. The flexibility afforded by this features gives traders the freedom to set their trades according to the amount and expiry time that that they want. Besides from the Bubbles trading mode, traders can also trade with other types of options contracts such as the classic High/Low binary options, One Touch options, Long Term options, Option + and Dynamics options. Altogether there are more than 200 different types of assets which you can trade with the various types of options contracts that are available on the platform.
And to cater for an increasingly mobile capable online trading community, AnyOption has also provided trading apps for mobile devices such as Smartphones and tablets. You can download the trading app from either Apple App Store or Google Play Store.
AnyOption Support Information
The support services at AnyOption are truly comprehensive. You can reach the support staff through a variety of ways such as email, web contact form, fax, live chat and the telephone. For telephone support, AnyOption has also provided several localized telephone numbers for several countries such as the UK, Cyprus, France, Germany, Italy and Spain. In addition, their website is translated into several major languages such as Spanish, Swedish, Danish, Italian and German for the benefit of traders whose mother tongue is not the English language.
AnyOption Banking Info
As for funding of the trading accounts, AnyOption supports a variety of deposit methods. You can easily fund your trading account using your credit or debit cards or through bank wire transfer. Alternatively, funding can also be done using web wallets such as Skrill Moneybookers, Maestro, iDEAL, Sofort, Giropay, Eps. As for withdrawal of money, this can be done by bank wire transfer or through credit/debit cards. You are allowed one free withdrawal per month. For any additional withdrawals made during the same calendar month, you will be charged a service fee of $30.
AnyOption Company Info
Founded in 2008, the AnyOption brand name is owned and managed by a holding company called Ouroboros Derivatives Trading Ltd. Based in Cyprus with the office located at 42-44 Griva Digeni, Nicosia, Ouroboros is under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) and operates under the CIF license number 187/12. Apart from regulated by CySEC, AnyOption is also regulated by the South African FSB with the financial services provider registration number FSP 42020.
Holding Company: Ouroboros Derivatives Trading Ltd
Regulated by: CySec, South Africa FSB
Additional information
Customer Service: Live Chat / Email / Phone / Skype
Trading Options: High / Low, Boundary, Touch Options, High Yield Options
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 30 sec, 60 sec, 2min, 5min, 15 min, 30 min, 1 hr, 24 hr+, End of Month
Deposits and Withdrawals: Credit/Debit cards, Bank Wire, Skrill Moneybookers, Maestro, iDEAL, Sofort, Giropay, Eps
Withdrawal Time: 2-5 bank days
Demo account: No
Related Pages:
References/Further Reading:
- Monte Carlo Methods in Financial Engineering (Paul Glasserman)
- Corporate Social Responsibility and Firm Financial Performance (Alison Sundgren)
- Financial statement analysis and the prediction of stock returns (Jane Ou)
- Neural Network Time Series Forecasting of Financial Markets (Michael Azof)
- The Onset of the East Asian Financial Crisis
- Financial Intermediation, Loanable Funds, and the Real Sector (Jean Tirole)
- The great reversals: the politics of financial development in the twentieth century (Luigi Zingales)
- Financial Intermediation and Endogenous Growth (Bruce Smith)
- Domestic Financial Policies Under Fixed and Under Floating Exchange Rates (Marcus Fleming)
- An Incomplete Contracts Approach to Financial Contracting (Patrick Bolton)
- Methodological Issues Related to the Estimation of Financial Distress Prediction Models (Mark Zmiejeski)
- Financial markets and the allocation of capital (Jeffrey Wurgler)
- The Financial Accelerator and the Flight to Quality (Ben Bernanke)
- The corporate social-financial performance relationship (Lee Preston)
- Market models: a guide to financial data analysis (Carol Alexander)
- The Corporate Social Performance and Corporate Financial Performance Debate (Jennifer Griffin)
- The rise in comovement across national stock markets: market integration or IT bubble? (Robin Brooks)
- Does herding behavior exist in Chinese stock markets? (Ali Kutan)
- Are Asian stock markets efficient? Evidence from new multiple variance ratio tests (Jae Kim)
- Seasonality in Southeast Asian stock markets: some new evidence on day-of-the-week effects (Chris Brooks)
- Returns synchronization and daily correlation dynamics between international stock markets (Martin Martens)
- The profitability of moving average trading rules in South Asian stock markets (David Power)