HY Options Review
up to $7,000
|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|
|Free Demo Account||Open Demo|
|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|
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 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 account types
HY Options has 3 different trading accounts available for it’s binary option traders.
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
- Regulated by CYSEC
- Comprehensive Educational Package
- Withdrawal requests processed within 48 hours
- Advanced Trading Platform
- Wide range of underlying assets
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