- Regulatory Authority: Listed Company in Cyrpus
- Instruments: Over 50 Asset Classes, including Commodities, Indices, Currency Pairs & selected Stocks
- Unique Features: Simple Platform & Binary Options Demo Accounts available.
- Minimum Deposit: £100/$100/100 euros
Anyoption Binary Options platform is one of the simplest to get to grips with on the market. A simple chart and the option to determine whether the asset class is going to move up and down. The returns from a particular bet are also extremely easy to determine, the return from the option is presented to the user as a percentage. So if you had bought $100 of options you might be presented with a 30% return signalling that if your option entered the money how much return you would make. This makes trading binary options on anyoption a breeze.
anyoption is a bit light on the ground when it comes to special features. One outstanding feature which could be argued is special to anyoptions is the range of options available to trade. Compared with some of its competitors anyoption offers a wider range of instruments with some Binary Options providers sticking mainly with commodities. The other nice feature offered by anyoption is the ability to open a demo account, which is particularly useful when it comes to Binary Options as many users will not have had experience using Binary Options in the past.
Option Contract Returns
The returns that are on offer from the Binary Options contracts on anyoption are particularly impressive. With returns on offer of up to 70% and a 15% refund on trades which expire out of the money. To my eyes these kind of returns seem to good to be true and make me a little wary of the site. There is also the ability to lock in profits and roll contracts which are outside the money forward both coming with a premium to pay.
There have been complaints by some on the internet that customer services at anyoption aren’t particularly great. I have seen numerous complaints about withdrawals from the site being particularly slow. The other issue along these lines is that it only possible to make one withdrawal a month without being charged a quite significant admin fee. Again this may be another cause for concern for many.
This is the part of the deal that makes me extremely nervous and concerned about the legitmacy of anyoption.com. The site is registered to a company based in Cyprus called anyoption Payment Services Ltd., but there is no mention of any regulatory authority which governs anyoption’s activity. Another alarming thing is that they are not listed on Cysec’s list of liscenced members, which suggests to me the Cypriot address is actually a mailbox held for a company based outside of Cyprus and the EU. This leads me to believe that anyoption could potentially be a scam and therefore should be avoided at all costs.
The jury is out on the legitimacy of anyoption, I would personally avoid placing my funds with the company.