Vertically loaded anchors (VLAs) are widely used as mooring foundations in marine environments. Their working conditions typically involve deep-sea seabed, frequently subjected to cyclic loads induced by wind, waves, and currents. Therefore, understanding the mechanical properties of VLAs under cyclic loading is essential for ensuring the safety of mooring systems. This paper summarizes the current research status on the mechanical properties of VLAs under cyclic loading, analyzing the mechanisms by which cyclic loads affect these properties. Additionally, it reviews and summarizes the research methods applied to studying VLAs under cyclic loading, discussing the issues inherent in various methodologies. Finally, it provides an outlook on future research into VLAs under cyclic loading, laying the groundwork for subsequent studies on the bearing mechanisms of novel VLAs, such as the double-plate vertically loaded anchor (DVLA), under cyclic loading.