HY Options Review

HY Options
Min. Deposit: $250
Min. Investment: $5
Signals: No
Rating: Rated with 5 stars
Regulated Broker: Available
USA: Not available
  1. HY Options

    HY Options does not accept new clients. Have you tried trading with 24option regulated broker?

    HY Options is a new broker in binary options industry that we decided to evaluate and review on Binary Preview. While reviewing this broker, we have found out they provide friendly to use trading platform with many useful trading instruments and services available.

    More on how to deposit and withdraw money, read below in HY Options review.

    Online since 2015, HY Options is the brand name of FTSL Financial Trading Solutions Ltd. with HQ in Limassol, Cyprus. They are regulated by CySEC and registered under licence number 259/14. Minimum deposit of $250 is very competitive amount so it is in their best interest to provide as much trading services as possible and to conduct transparent business. This broker accepts traders around the world, excluding USA, Iraq and Iran.

    It is possible to trade binary options with USD. Minimum investment is $5, while maximum investment is $1500. Maximum bonus amount is set to $7000 and maximum possible return is 82%. Bonus policy of HY Options is clearly stated in section Terms & Conditions and bonus trading terms require 40x turnover to withdraw bonus, which is above industry average, because usually it is 30x. HY Options also have policy of 20x threshold for those traders who wish to cancel the bonus. All detailed information, traders can read in Terms & Conditions.

    HY Options Trading Platform

    HY Options uses widespread SpotOption platform, which is highly developed and guarantees excellent performance while trading binary options. We have a positive experience with HY Options review when we saw how the platform looks like and how easy it is to navigate through it. HY Options offers traders a multiple trade options: High/Low, 60 Seconds, One Touch, Long Term, Pair Options, Option Builder and Ladder Options.

    hy3
    • High/Low – binary options type based on speculation of the asset’s price will it be higher or lower than the entry price.
    • 60 Seconds – just as with High/Low, except this option expiries 60 seconds after the trade is made
    • Long Term – trade option that enables traders to take positions with expiry time in the future.
    • Pair Options – a new trade option that allows traders to choose between two available products and choose the one that performs better than the other one.
    • Ladder Options – option type where traders pick a asset to trade with and are given with the price range, which are arranged just like a ladder. All levels have different expiry times.

    Traders have on disposal following expiry times, such as 60 seconds, 2 minutes, 15 minutes, 24 hr, 24 hr + and end of day.

    logo-hyoptionsHY Options provides traders with a wide selection of underlying assets, including stocks, currencies, commodities and indices. Registered traders can choose among numerous assets available on the site to be able to start trading binary options with HY Options. In our HY Options review, we have found out that HY Options offers their traders many trading features and services. One of those is mobile trading. This is useful HY Options trading services that enables traders worldwide to continue trading binary options on mobile platform also. Mobile app is compatible with iOS and Android devices and traders can use mobile trading on iPads and smartphones also.

    HY Options Account Types and Features

    To their traders worldwide, HY Options offers 3 different account types to choose from and several available trading features.

    HY Options Silver Account

    • minimum deposit $250
    • Account Manager
    • mobile trading
    • introductory trading sessions
    hy1

    HY Options Gold Account

    • minimum deposit $2500
    • Professional Account Manager
    • mobile trading
    • advanced trading sessions
    • trading materials and signals

    HY Options VIP Account

    • minimum deposit $10000
    • Specialist Account Manager
    • mobile trading
    • professional trading sessions
    • trading materials and signals

    During our review, we were pleasantly surprised how HY Options offers three available trading features on their platform: Rollover, Double Up and Settle Now.

    Rollover – it allows traders to postpone expiry time and they use it when aren’t sure if the original prediction was accurate. Rollover can be used only once in the trading process.

    Double Up – this feature enables traders to increase initial investment and to double it. Traders can use Double Up feature at any time and it will happen for the same asset and the same direction, selected before.

    Settle Now – this feature isn’t often used with other binary brokers so we were happy to see it available with HY Option. Settle Now allows traders to sell the option, up to 1 hr before it expires. This feature enables traders to reduce their loss and enables them to secure earning earlier.

    hy2

    HY Options Customer Support

    This broker has very good customer support service. Traders can reach this broker via email [email protected], live chat, telephone, web form and even through fax. Customer assistance is available 24/5. On Contact Us on HY Options, traders can find detailed information on how to contact them in case of any trading queries they might have. On live chat, within few seconds an agent answered us and assisted with answers. Trading platform is available on several languages, such as English, Russian, French and Arabic.

    HY Options Banking and Company

    Providing high security level is the main goal of HY Option. They use SSL encryption to protect personal and financial data of all their traders. To be able to deposit and withdraw funds, traders should initially submit following documents that prove trader’s identity, such as photo ID, proof of address and copy of credit card (if card is being used for payment).

    hy3

    Available deposit methods for trading binary options with HY Options are: Mastercard, Visa and bank wire transfer. For money withdrawal, traders first have to submit this broker a request that will be processed in 1 business day. Afterwards, it takes them 4-8 business days for funds to be visible on trader’s account. Minimum withdrawal amount is very low, just $20, but withdrawal fee will be charged $30 for withdrawal lower than $300. Entire deposit and withdrawal process is very well explained on HY Options site.