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AnyOption Platform Review
AnyOption unique Trading Platform Review
By Richard Cox
Anyoption is one of the most well known trading platforms and broker in the Binary Options world, and my recent experience trading this platform showed that one of its best features is its ability to cater to new users that are getting ready to start trading. The Anyoption platform has been accessible to individual internet users since 2009 and has been growing its trading community to reach its currently dominant position in the industry. The main question is whether or not all of this new popularity is worth the hype and how well Anyoption compares to other leaders in the Binary Options industry.
Noticeable Brokers using AnyOption Platform
Why AnyOption Doesn’t Suck
After a review of the Binary Options product that is offered by Anyoption, I have reached the conclusion that the company reputation and strength of the brand name does live up to the hype. Anyoption offers the most user friendly platform for new traders or those with lower risk tolerances. With the wide variety of real time news updates and trading strategies that are available, the platform caters to a wide variety of traders of all experience levels. Potential problems can be seen in the lack of a downloadable trading application, but when traders are more mobile, the web based application might be preferable.
Why does AnyOption suck?
The only downside of AnyOption trading platform is the relatively small selection of expiry times. The expiry stretch from 15 minutes to one week, but in between those figures the overall number of expiries is small.
Platform functionality (9/10)
Platform efficiency (8.5/10)
Ease of use (9/10)
Additional information (8/10)
Average number of assets and expiry times – 100, hourly, daily, weekly
Trading tools available – rollover, double up
Trading options available – High/low, One Touch, Option+, FaceBook stock
Prices & Rates: Accurate
One of the most recognizable features of the Anyoption platform the user friendly interface that the company offers. Anyoption is the only company using this platform and this makes it one of the best choices for new options traders. This is important because the majority of individual retail traders are new to the options world and the Anyoption platform is specifically tailored to be straight forward and user friendly.
In the same vein, since most retail traders are new to this type of investment, educational resources as something that should be given special attention. Anyoption does provide a wide variety of free educational resources and when this is combined with the vast library of strategies articles that are offered, makes the Anyoption resource base one of the most in-depth I have seen. With these educational offerings, and variety of trade sizes and language options, it is clear that Anyoption has its focused on attractive new traders from all experience levels and from all areas of the globe.
The Anyoption platform uses a simple browser-based design to ensure a smooth and efficient performance, giving the company a platform presence that is stylish and professional. No downloads are requires and the platform can be used on any smart phone or tablet for mobile trading. Web-based platforms, however, tend to be less reliable than downloaded applications, but the technology in this area is constantly improving.
The individual boxes can be altered so that you can focus on your chosen asset and trades can be placed by clicking on the screen directly. The screen above is the contract window for the High – Low Binary Options but there is also a Touch – No Touch screen and a contract screen for Option + trades. This last option enables traders to sell binary options at all times (which is a relatively unique feature). Additionally, the Anyoption Platform also has a Facebook feature that allows traders to trade on the increased popularity of social networks.
Anyoption offers more than 100 trading assets for placing binary options trades. These choices include stocks, commodities, and forex pairs in addition to broader stock indices. One look at the asset list shows that Anyoption offers one of the most impressive list of choices amongst all of the available brokers. In terms of expiry times, 4 choices are available: with closes on an hourly, daily, weekly and monthly basis.
A simple click on one of these assets will expand a window that shows the details of the trading contract. For most traders, there are more options here than you could even begin to use regularly.
My Trading Experience
In my trading experience with the platform I found some key advantages that will cater to longer term options traders. Since the platform is web based, I was able to access my trades from any location with an internet connection, which was great because sometimes I receive market moving news alerts when I am not at my home computer and this allows me to tailor my trading strategy to the leading events of the day. When trades expire, you have the option of receiving an SMS message as well, which makes this option even better. The platform does allow for weekly options contracts, which I like because I am not a short term or intraday trader, generally speaking.
Another advantage I noticed was that the returns were clearly posted on the trading platform and they are shown alongside similar assets, (for example, the FTSE and the S&P 500 are next to each other), and this allowed me to quickly assess the potential return differences that were available for similar instruments. When using the platform, I was mostly dealing with the stock indices, and I found the return levels to average somewhere in the 70% range, which is acceptable but not as high as some of the others I have seen.
Finally, and perhaps the biggest asset of the trading platform, was the account page, which easily allows you to view the progress of both opened and previously closed trades. This type of screen is extremely valuable to me, as it makes it easy to track my progress (overall trading gains) on a monthly and yearly basis. Not all platforms display this information as clearly, and I thought that this was the best aspect of the trading platform.
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