Anyoption is a user-friendly tool that will have you trading any type of binary options in no time. It provides many choices concerning what you want to trade and how. In this review, we will concentrate on the types of binary option available, how you can manipulate them, and the ways you can withdraw your payouts afterwards.
Binary trading options
If you haven’t traded binary options before, it may seem a bit intimidating when you first begin. In order to get your head around how it all works, try accessing the in-depth guides that anyoption offers on their website.
High-low binary options
You first trade will most likely be a high-low binary. With these options, you can take advantage of the ups and downs of the prices of indices, stocks, currency pairs, and commodities. Should you selection be correct, you will receive your investments plus profit.
One-touch binary options
This one pays the investor once the price of the underlying asset reaches or surpasses set barrier. You can determine the position of that barrier, time of expiration, and the payout to be received once the barrier is broken. With one-touch options, there are only two outcomes: either the barrier is breached, and the trader gets the full payout that was agreed upon, or the barrier is not breached, and the trader loses the premium paid to the broker.
Boundary binary options
Options of this type allow traders to speculate on whether or not the asset’s prices will move outside a certain range over a predetermined period of time. But this is not the only way boundary options can be used. An investor might also decide to trade outside the set range. This kind of trade will be profitable as long as the prices will not get caught inside the boundaries.
For any of the above options, you can also execute an early close, should you wish to do so. Essentially, it means that you can back away from a trade to retain some part of your invested money. Keep in mind, you will only be paid with a portion of your investment. So you have to decide if you want to wait until the trade expires or take a reduced profit of the early close.
Deposit and withdrawal options
There are several options to manage your funds with anyoption. First of all, you can use your credit card, but keep in mind that there are some credit card issuers that may see this as a cash advance and charge you with an additional fee. You are also able to send money instantly via a bank wire as well as withdraw it.
As an alternative, the web-wallet Skrill is great for those who want to keep their trading funds separated from their main income. Another useful service that is supported by anyoption is Money Gram. It’s a transfer network with over 100,000 offices worldwide, so it’s a great and fast tool to manage your finances. Western Union can provide a similar service, but be forewarned that there will be fees to pay.
If you want to wager and trade on the value of two different currency pairings, indices, or stocks, then anyoption will provide you with everything you need. They have all the major binary options together and have various ways to help you manage your winnings.