- Regulatory Authority: Regulated by the Maltese Gambling Commission
- Instruments: Stocks, Indices, Commodities and Currencies
- Unique Features: Simple and easy to use, Peace of Mind Money Back Guarantee (at time of writing)
- Minimum Deposit: Undisclosed
OneTwoTrade currently only offers a web based interface with no independent client available for download. This is pretty standard for the Binary Options and in the future I envisage that a number of sites will begin to offer such clients. Though they have launched an application for the iPhone which allows people to trade on the move. However the web client is exceptionally easy to use with all the important information being at your disposal. Anyone who has previous experience with Binary Options will take to the platform like a duck to water. Those who are new trading won’t take long to get accustomed to the platform and should be able to place their first few trades with ease. OneTwoTrade should also be commended for the design of the interface which is a real pleasure on the eyes.
The special feature that will probably attract people the most is the 110% Money Back Guarantee, which will allow a new user to claim back 110% of their deposit if their first ten trades are unsuccessful. How good an offer this really is will depend on how it is implemented and what the small print says. It should also be noted that it is extremely unlikely that someone will lose ten trades in row. Another feature that adds to the user experience is the live web seminars that OneTwoTrade offers to its users.
Option Contract Returns
Taking a look around OneTwoTrade you will see that the contract returns are pretty much in line with the rest of the industry. I have seen contract returns of up to 75% on the money risked which is up there with some of the most competitive providers in the marketplace. Another thing I was impressed with was the full risk disclosure found on the bottom of the homepage. However there is not lock in option or the ability to roll over a contract if the contract expires outside the money.
OneTwoTrade offers one of the better customer service experiences out there. Company headquarters and phone numbers are openly listed on the website, with OneTwoTrade operating from a City of London Headquarters. The company also offers 24/5 live web chat which has pretty much become an industry standard. All in all OneTwoTrade are pleasure to do business with.
OneTwoTrade is not regulated by a financial services authority, this is most likely down to the state of the binary options regulation within Europe. Instead OneTwoTrade is regulated by the Maltese Gaming commission. This allows OneTwoTrade to accept customers from across the European Union, but American citizens are barred from using the service due to the fact that binary options are regulated by the US Securities and Exchange Commission. While gambling regulation is not exactly ideal it is far better than no regulation.
Overall, OneTwoTrade offers one of the better Binary Option services available to European consumers at this particular time.
- 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.