Binary trading is becoming a very popular trend among former stock and Forex traders. There are many reasons for this, but the primary attraction to Binary Trading is its simplicity.
Trading Binary Options could not be simpler. You choose an asset, whether it is a stock, index, currency pair, or a commodity, then evaluate whether that asset will be increasing or decreasing in the near future. Once you make that decision based on the trend or your intuition, you open a trade. If you opened a Call meaning that the asset will increase in value and it went up by even one cent, you will benefit from a relatively large profit on your investment. Of course, the opposite applies as well and if that asset decreases by even one cent, you lost all your money.
Trading with Anyoption has some benefits that make this form of trading even more profitable. For starters, when you do indeed predict an outcome incorrectly, you do not lose all your money. With Anyoption, you retain 15% of your initial investment, even if you were wrong in your trade.
On the flip side, if you traded in the right direction, you will enjoy a high return of between 65% and 71% of your investment.
Additionally, trading with Anyoption was a breeze. The trading platform is Web-based, meaning you can do it from any Web enabled computer, and there is no need to stay glued to your monitor till the trade expires.
In terms of the options available, there is a reason this broker is called “Anyoption” since you have over 100 choices of tradable assets. These include stocks, commodities, indexes, and Forex pairs.
The interface is easy to use and highly intuitive, not to mention extremely robust and responsive. Once you select your asset, you can easily choose a Call or Put trade, your desired investment, and you are set. Unlike other brokers I have used, with Anyoption, the platform has complete flexibility, and you can choose any investment you want, as well as any expiry date starting from the end of the hour all the way to the end of the month.
What I did not like so much about the platform is that there is no way to see from the main screen whether your are In the Money or Out of the Money without opening the trades one by one. It would have been more convenient if that information would have appeared alongside the open trades on the front page.
However, to see the status of your trade at any given time, you can easily click on a picture of a chart, and it will tell you where you stand. I have to tell you, trading with Anyoption was so easy, I was tempted to invest some of my own money to open a personal account.
In addition to the industry-leading trading platform, the Anyoption site also includes basic tutorials and guides about the Binary Options trading market, which I found to be very helpful and informative.
The site also offers an economic calendar as well as breaking news, which should guide you in your decision when opening new trades.
The Anyoption service is available in 8 languages including English, Italian, French, Spanish, German, Turkish, Russian and Arabic, making it accessible to anyone irrelevant of their location. Customer support is available via phone, email or chat.
Overall I was really impressed with the Anyoption features which are not available to all the binary options brokers. The sales team is experienced and professional and many tradable assets are available, which appeals to the more professional trader. Although their payout isn’t the highest in the market, they do offer 15% money back guarantee for trades which weren’t successful. This balances the payout.
My overall score for Anyoption is a massive 90/100.
Date posted: September 9, 2014