HY Options Review

HY Options
up to $7,000
Visit Broker

Overview

HY Options is owned and managed by FTSL Financial Trading Solutions Ltd and is operated from Cyprus. HY Options is regulated by the Cyprus Securities Exchange Commission (CySEC) under license… more

Read Full Review

Details

Broker HY Options
Website URL www.hyoptions.com
Founded 2015
Headquarters Limassol, Cyprus
Support Number 357 25 245750, fax: 357 25 250139
Support Types phone, fax, live chat, email: [email protected]
Languages English, Arabic, Chinese
Trading Platform SpotOption Gen 2.0
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount $5
Maximum Trade Amount $1500
Bonus up to $7,000
Payout 82%
Free Demo Account Open Demo
Regulated Yes
Regulation HY Options is regulated by the Cyprus Securities Exchange Commission (CySEC) under license number 259/14
Deposit Methods Bank Wire Transfer , Credit Card
Withdrawal Methods Bank Wire Transfer , Credit Card
Trading Methods ‘Double Up’, ‘Roll Over’ and ‘Settle Now’
Number of Assets 159
Types of Assets 27 different currency pairs, 3 types of precious metals (gold, silver and platinum), 5 types of commodities (crude oil, wheat, corn, sugar and coffee), 40 different market indices and 84 different stocks
Option Types 60 seconds options, Day options (high/low), Ladder options, Long term options, One Touch options, Pair options
Trading Currency The 27 most often traded currency pairs
Account Currency You can fund your account with any currency which shall be converted to the currency under the 'my account' tab
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 7.5

Full Review

HY Options is owned and managed by FTSL Financial Trading Solutions Ltd and is operated from Cyprus. HY Options is regulated by the Cyprus Securities Exchange Commission (CySEC) under license number 259/14. Recently CySEC made their rules more strict but HY Options was one of the companies and brands to get a new CySEC license which means that traders can consider HY Options as a safe and reliable binary options broker.

HY Options trading platform

HY Options runs on the SpotOption Gen 2 trading platform which is being used by many other binary option brokers worldwide. This type of trading software or platform gives binary option traders the best risk management tools available on the binary option market. Using the many trading features on HY Options binary option traders can fully hedge their bets and make the most profit whilst trading binary options.

HY Options trading platforms

HY Options binary option types

HY Options offers 6 types of different binary option types including:

– 60 seconds options
– Day options (high/low)
– Ladder options
– Long term options
– One Touch options
– Pair options

The Option Builder feature has recently be removed to make place for Ladder options which are better to hedge binary option trades than Option Builder.

HY Options trading methods

On HY Options there are several trading methods available for complete risk-management whilst binary options trading. These binary option trading methods include ‘Double Up’, ‘Roll Over’ and ‘Settle Now’. The ‘Settle Now’ feature is new and unique compared to other binary option brokers and let binary option traders close a trade before it’s expiry time at a slightly lower payout percentage. This is a great method or tool to use when you’re true is currently profitable but might go wrong and thus unprofitable before it’s expiry time.

HY options platform features

HY Options account types

HY Options has 3 different trading accounts available for it’s binary option traders.

HY Options account types

HY Options assets

On HY Options traders can trade binary options on 27 different currency pairs, 3 types of precious metals (gold, silver and platinum), 5 types of commodities (crude oil, wheat, corn, sugar and coffee), 40 different market indices and 84 different stocks. This asset index is quite big compared to other binary option brokers, most oftenly offering between 50 and 75 assets in total.

HY Options payout percentages

The payout on standard binary option investments on HY Options is 82%. On One Touch and Ladder Options payouts can go as high as 500% and 1250%, respectively.

HY Options customer support

The HY Options customer support is 24/7 available in Arabic and English and can be reached by email, live chat, phone or call back request. Live support is available from monday to friday 7:00 am GMT to 4:00 PM GMT.

HY Options review conclusion

HY Options offers many different binary option types and trading features which is always good. Although the payout percentages on standard or classic binary options could have been a few percentages higher, the one touch and ladder options make up for this. As some experienced traders might know, HY stands for High Yield and with its ladder options paying up to 1250% HY options definitely offers high yields. Because HY Options runs on the SpotOption Gen 2.0 software the user interface and trading platform are user friendly and easy to understand on PC, smartphone and tablet, which is a plus for beginning binary option traders. Overall I rate HY Options a 7.5/10 which could have been higher if they allowed traders from the United States and if their payout ratios on standard or classic binary options where a few percentages higher.

✓ Regulated by CYSEC

✓ Comprehensive Educational Package

✓ Withdrawal requests processed within 48 hours

✓ Advanced Trading Platform

✓ Wide range of underlying assets

Visit HY Options Website

Pros

  • Regulated by CYSEC
  • Comprehensive Educational Package
  • Withdrawal requests processed within 48 hours
  • Advanced Trading Platform
  • Wide range of underlying assets

Reviews

There is no review.

User experience

arrow0/5

How pleasent is it to trade with this broker

Platform

arrow0/5

Does the trading platform work smooth and without errors?

Reliability

arrow0/5

Was the broker and trading software reliable?

Customer Service

arrow0/5

Was the broker easy to reach? How was your experience with their customer service?

Payouts

arrow0/5

How did the payouts work out, did you pay any withdrawal fees?

Overall Rating

arrow0/5

Text

Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

Visit Broker
This website is owned by GC Media Holdings Ltd. 306 Victoria House, Victoria, Mahe Island, Seychelles. Advertise / (media) buying enquiries 
Banner