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Alternatively, these are our Top 3 brokers based on Ratings:
Can you deposit $5000 in cash? Depending on the situation, deposits smaller than $10,000 can also get the attention of the IRS. For example, if you usually have less than $1,000 in a checking account or savings account, and all of a sudden, you make bank deposits worth $5,000, the bank will likely file a suspicious activity report on your deposit.
Is Pocket Option good for beginners? User-friendly platform: The Pocket Option platform is intuitive and easy to navigate, making it accessible for both beginner and experienced traders. Competitive payouts: Pocket Option offers competitive payouts, with some trades offering up to 95% returns on successful trades.
Price data is delivered via Reuters and trading is available on hundreds of assets including commodities, forex, indices and stocks. Support is offered 24 hours a day, and in a range of languages. The firm have also sought to get a license for them to offer portfolio advice – the first on the binary firms to receive this.
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The Anyoption trading platform has a distinct look and feel. The more familiar green and red trading buttons have be replaced by simple ‘Call’ and ‘Put’ buttons. This clear “Anyoption” feel still delivers a simple and easy to use platform, as well as some advanced features.
The range of trading options are listed along the top of the trading area. The choices of specific assets are then listed from a drop down menu beneath.
Multiple trading windows give traders the ability to trade on more than one assets at a time. Each window shows a price chart – which can be changed to suit the trader. Plus the windows displays the expiry time, current asset price and the returns.
Amending the trade size will automatically update the returns information. Traders have additional choices of lower payouts in exchange for a rebate on losing trades.
Overall, the trading area is clear, and unobtrusive. The configuration is flexible enough to suit most traders and the unique look and feel reduces the hectic nature of some trading platforms.
Bonus Info
Anyoption currently offer risk free trades for new sign ups. Deposit match bonuses are being restricted by the regulator (CySec) due to the often misleading terms and conditions. Risk free trades are much more favourable for the trader to get a feel for the platform and – hopefully – some additional trading funds if the risk free trade wins.
Trading choice
Anyoption offer some unique trading options when compared to other binary options brokers. In addition to regular option, the firm also provide interesting variations;
- Binary Options – The standard Up/Down options. Will the underlying rise in value, or drop?
- One Touch – These trades operate on a weekly expiry but offer high payouts, often only available here. These trades are often available ‘out of hours’ too.
- Option+ – This is a feature that allows options to be closed early, either to lock in profits, or reduce losses.
- Binary 0-100 – The 0-100 setup enables traders to buy and sell options almost like an exchange. This form of trading can provide huge returns (up to 1000%) or small rewards for low risk options.
- Specials – These offer trading on specialist assets, or underlying classes not normally available – Bitcoin for example.
- Bubbles – The newest innovation from Anyoption. Bubbles allows traders to select a finishing ‘bubble’ where they expect the price to finish at expiry. Depending on where the bubble is placed, the payout will change. (Screenshot below)
Anyoption App
The mobile app delivers a slick trading experience. Labelled “Anyoption, Anywhere”, it offers a well presented and well laid out platform, making it easy to use. As with the main website, the look and feel remains simple, but distinctive. The trading buttons are similar to those on the main site, and are still just as easy to use on smaller screens.
The app has been developed for both android and iOS with features and options designed for each platform, to utilise the strengths of each operating system. iPad and iPhone users will therefore see some unique touches that ensure they get the most out of their mobile device.
Real time trading is presented across all the usual asset types (commodities, FX, indices and equities). Prices can be updated as many times as necessary. The app is free to use and download and does not contain any ads.
In addition to the standard features, the developers have also ensured that all account management services can be carried out from the mobile app too. This has not always been possible with other broker trading applications. A lot of time and effort has gone into the Anyoption App, and it delivers a great user experience. Top marks.
Copy Trading
Anyoption deliver copy trading via their CopyOp Social trading platform. This platform allows traders to monitor the trading performance and history of other traders, and to copy their trades. This means each time the trader who is being copied opens a new position, so too will the trader who is copying.
The investment level can be amended to suit. So a trader with $100 in their account, could still copy a winning CopyOp trader who was opening trades for thousands of dollars. The smaller account would simply allocate a pro rata amount of their own balance. So if the copied trader used 5% of their balance on a trade, the copying trader would also invest 5% of the amount they allocated to copy with.
Binary options offer an ideal vehicle to use copy trading, because the higher volume trading will not suit every trader. They may be short of time for example. Copy trading allows them to follow successful traders, while still managing risk.
Copy Trading Demo
Here is a short copy trading tutorial video, explaining the concept of social trading: