AnyOption Binary Broker Review
The Anyoption trading platform was launched back in 2008 and has already cemented its position as one of the most important names in trading around the world. With more than 200 tradeable assets within the system and some of the fastest deposit and withdrawal methods in the industry, it soon becomes clear why Anyoption is so highly regarded among both new and experienced traders alike.
Not all trading platforms are created equally – there would be no need for us to review them all if they were – and one area in which Anyoption manages to stand out in the crowd is the sheer number of features available on the platform. However, they do not make all of this information publically available, undoubtedly in an effort to maintain their lead over the competition. Instead, every account on the platform is tailored to the individual trader, including bonuses and VIP rewards. Soon after creating an account, an Anyoption representative will get in touch with the trader to discuss their own personal goals and aspirations, with the initial deposit amount being among the primary deciding factors.
In order to bring our readers the most thorough review possible, we opened an account with Anyoption to see what general traders could expect. Bonuses were at the forefront of our research and we were offered a 25 percent bonus on our initial deposit, although our particular representative assured us that it was eminently possible to increase this amount with larger deposits. We discovered that traders generally have up to three months in which to turn over their bonus and the platform does allow clients to view their current bonus balances, including where any spent amounts were used. Armed with this information, we set about clearing our bonus and managed to do so well within the three-month timeframe.
Software and Assets at Anyoption
Anyoption itself would be the first to admit that the very first version of its platform, used at launch, contained a few bugs and issues. There was nothing majorly wrong with it and traders have always been in safe hands, but some elements of the platform did not work quite as they should. However, these issues were quickly addressed and all these years later, the platform is now among the best in the world. It is a pleasure to view and use the software, which goes a long way to establishing Anyoption as one of the very best in the business. To say that a vast amount of information is always at the trader’s fingertips would be something of an understatement, as simply opening a position on a trade will see charts and graphs hitting the main interface for real time updates on performance.
Casual traders, especially those that prefer to do most of their work at weekends, would be particularly well advised to seek out an Anyoption account due to the fact that their weekend specials can make a real difference to potential outcomes. This can improve the chances of a successful trade when using the OneTouch option on Saturdays and Sundays and it is accompanied, along with the standard weekday trading, with the chance to manage all trades both online and within Anyoption’s own Android and iOS mobile platforms.
We have already briefly mentioned the sheer scale of the assets on offer with Anyoption and that continues to be one of the main reasons to trade with the brand. More than two hundred different assets are available on the platform, doubling the number offered by even some of the biggest and best binary options platforms in the world.
Access to so many options can come at a cost, especially for those that prefer to trade with smaller amounts of capital. One of the genuine downsides to Anyoption is the relatively high levels of commission taken, which can reach up to 50 percent. However, if you are trading in large amounts and are willing to pay for access to more assets than just about anywhere else, this is a truly minor issue. It is, of course, well worth considering if you are one of the aforementioned casual traders.
Anyoption Customer Service
Even when compared directly to some of the other brokers that we feature here at BinaryOptions247, Anyoption’s customer service levels are remarkable. Two of the most important things about any customer service levels is speed and accessibility and this broker excels in both. With no exaggeration at all, contacting live chat saw us connected to an adviser in less than ten seconds. The standard identification approval process that is undertaken by all reputable brokers was also completed within a matter of hours in our experience, although others have reported that this can occasionally take up to three days. Both the trading platform itself and the customer support department are designed with a worldwide clientele in mind, leading to everything being available in fifteen different languages at the time of writing.
Managing your Money
With a positive experience in virtually every aspect of the Anyoption offering, the final part of our review focuses on the broker’s banking services. Safety and security is always high on the list of priorities and few companies do more to ensure that acceptable levels are maintained. Client funds are kept in segregated trust accounts, ensuring that your money is always available whether you are looking to trade with it or withdraw it. As noted, traders will need to verify their identity with Anyoption prior to making any withdrawals and so should account for the potential waiting period, which can range from a couple of hours to a couple of days as Anyoption assesses proof of identity from a combination of photographic evidence and documentation. In rare cases, traders may be required to submit printed, signed hard copies of documentation in order to fully verify their account, but this remains a speedy process outside of postal delays.
Safety on the platform is also assured through the fact that Anyoption is licensed by CySec (the Cyprus Securities and Exchange Commission), which not only verifies their own security but also permits the company to legally operate and market itself within the European Union.
The platform allows traders to make one free withdrawal from the service every month, which is generally enough for even the most active traders. Those that wish to make more than a single monthly withdrawal can do so for a flat fee of $30 or the local currency equivalent each to cover banking charges.
Anyoption Review in Summary
We would generally recommend Anyoption as the trading platform of choice for those looking for a large range of potential assets while being able to absorb relatively high commission rates. A great website and international accessibility make it an excellent choice for those that suit the intended trading methods and while it is not the most novice-friendly broker, it can certainly deliver for experienced traders.