Binary Options Broker | AnyOption Review
The Pros of Binary Options Broker AnyOption
Wide Variety of Binary Options Contracts to Choose From
AnyOption has a ton of stuff to like – not the least of which is the large number of assets to trade – some 50 securities in all. The breadth of securities is very nice as well – including commodities such as Gold, Silver, and Oil. The ability to enter fixed payment contracts on these commodities greatly increases the ability of a commodities trader or ETF option trader to set up my favorite kind of pincher trade (either I get what I want in a trade, or the binary options kick in and I collect a premium in exchange for not getting what I want). I love setting up those kinds of trades – and AnyOption’s wide selection of contracts allows me to act on a different variety of securities than those we’ve covered elsewhere, such as binary option broker binarix. If reading market psychology is your thing – you can even trade the VIX – the volatility index that is one of the better measures of the fear/greed cycle in the market.
Weekly Expiring ‘One Touch’ Options Offer an Unheard of 200-350% Return!
I don’t even know what to say about these special “one-touch” options. Suffice to say they are extremely exciting to think about. The rules on these are a little different – think of them as having 5 expirations instead of one – that’s probably the easiest way to think about it. If the underlying security closes above the strike price level of the one touch option (in the case of a call one-touch option) ANY DAY OF THE WEEK, the option is in the money (ITM) and payout at the end of the week is guaranteed – regardless what happens the rest of the week.
I don’t know about you – but that is exciting when you consider the potential gains – 200-350% on a single one week investment. Try getting that from a standard option or even a leveraged forex trade in a week!
Potentially Unlimited Binary Options Contract Position Size
This is a BIG difference from other trading platforms I have reviewed. While AnyOption has a limitation on the size of any INDIVIDUAL contract ($3000 or $4000 depending on whether plain or ‘one-touch’ binary option) – it does NOT have a limitation on HOW MANY contracts you can purchase. This makes it possible to create significant binary options positions that simply aren’t possible at another binary options broker. Forex traders should love the ability to be able to create hedges large enough to offset large leveraged positions they have taken in their forex trading accounts. Don’t underestimate the importance of size. Size DOES matter.
Bonus Offers Sometimes Available
We’re starting to tread into a bit of a grey area for me regarding AnyOption. I am not familiar enough with their program to be able to tell you how large or how often they offer bonuses on deposits or possibly trades. You’ll have to check back in here from time to time (I’ll comment this page to update information as I learn it).
Other Tidbits and Benefits Not Mentioned Elsewhere
One thing to really like about the AnyOption platform is the guaranteed 15% return of investment on out of the money (OTM) trades. If a contract for $1000 expires OTM, you still get $150 back. What this does is it greatly simplifies the straddle computations I like to make (see binary options hedging). Also, the range of yields is narrower – typically 65-71% on binary options contracts. While this is not as high as Binarix or EZTrader, the narrow range and guaranteed 15% return on plain binary options trades (not on ‘one-touch’ contracts) make hedging computations easier to prepare in advance.
Lastly, I like the ability to make deposits by credit card or ACH/EFT/Swift or wire. There are some limitations and rules on withdrawals – but that shouldn’t be a big deal. You should be trading with money that you won’t be needing right away so the withdrawal restrictions (one freebie per month – EFT/ACH within 3 days preferred) should not be an issue for you. Also, most trading sites have similar restrictions – so again this really should be a non-issue for most traders.
Visit AnyOption’s Trading Platform
Cons of Trading Binary Options with AnyOption
Lack of Clarity on Bonus Cash
We alluded to it earlier, but there is some yet to be learned about deposit and or trading bonuses. As you are already aware, I am HUGELY in favor of cash bonuses on deposits – I mean really – take the low hanging fruit whenever you can get it right? Binarix and EZTrader both offer very generous cash bonuses on deposits – so bear that in mind. We’ll have to monitor the AnyOption site for cash bonus announcements – and we’ll pass them on to you via our email newsletter. Speaking of which… have you subscribed yet? It’s free…
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Slightly Lower Yields Partially Offset by 15% Guarantee Return of Capital
You are certain to find (at any given time) higher binary options yields at binary option brokers such as Binarix or EZTrader. What you will NOT find at those sites is a blanket guarantee of a 15% return on OTM contracts. Binarix and EZTrader will offer 15% on SOME contracts but not all… something to be aware of.
Binary Options Contracts Offered Not At The Real Time Strike Price
Now to be fair – I have not had a lot of experience watching AnyOption’s contracts in real time – but if you look at the fine print of their FAQ page you’ll note that contract pricing is based on their own internal algorythm – not the underlying spot price of the security – so keep that in mind. We’ll be watching the trading activity at the AnyOption site this month and report back our findings as to the disposition of that algorythm relative to the spot price – as best we can track it. We don’t anticipate this to be a huge issue, as there are likely to be significant numbers of people on both sides of any binary options contract at any given time. A significant imbalance would likely have to occur to move the price significantly off the spot price – but again – we’ll keep an eye out and report back.
I hope you have found this review of binary options broker AnyOption informative and helpful. Please feel free to add your comments and experiences.
One note I should have added – the minimum deposit is $100, and (if I recally correctly) trades are purchased in $100 increments (I’m pretty sure that’s correct).
I just wanted to make a quick note – I have some limited visibility into the success or failures of my referrals trades – and I must say all indications are you guys are kicking butt. NICE JOB!
Remember:
Best Bonus Cash: Binarix or EZTrader
Commodities: AnyOption or Tradesmarter/StartOptions
Steve,
What brokerage do you use personally? I have used AnyOption but do not like how they pad their charts. Startoption is great, but I have run into a few issues where I could not purchase my second option on a straddle position that left me greatly exposed.
I just started working with StartOptions – we’ll see how that goes. They are migrating their operations/platform so I expect some real improvements in the very near future.
Does that mean AnyOption is legit but the play around with the technical side of trading to “legally” extract profit? I haven’t really tried, just registered a few days back and a so called representative called me asking if I needed assistance.
I have only tried the demo and it said a minimum $25 to Call or Put. Is this true?
I’m not entirely sure I understand your question, but I’ll give it my best shot.
1st: Trading doesn’t cost much. Most binary options broker services require $100 to open the account and $25 to $30 for a minimum trade size. That is ridiculously small.
2nd: Because there is no spread between bid and ask on options trades (and no commission) any binary option broker is making money somewhere on the other side of the transaction – either taking a risk directly – or by buying the counterparty side for a lesser price from a third party or from an exchange they participate in.
I hope that answers your question satisfactorily.