HY Options Review

MIN. DEPOSIT $100
Up to 75% PAYOUTS
Up to 100% BONUS
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HY Options
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Overview

Broker information HY Options offers direct access to binary options to institutional and retail investors. Having its offices in Limassol, Cyprus, it is sternly controlled by CySEC and governed by… more

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Details

BrokerHY Options
Website URLhttps://www.hyoptions.com
Founded2015
Headquarters15 Spyrou Kyprianou Avenue, Matrix Tower II, 1st floor, Mesa Geitonia 4001 Limassol, Cyprus
Support Number+357 25 245 750
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Arabic, German, French, Spanish, Italian, Chinese, Russian
Minimum 1st Deposit$100
Minimum Trade Amount$5 for 60 seconds, $10 for all others
Maximum Trade Amount$1,500
BonusUp to 100%
PayoutUp to 75%
Free Demo Account No
Regulated Yes
RegulationRegulated by CySEC
Deposit MethodsVisa, MasterCard, Bank Wire
Withdrawal MethodsVisa, MasterCard, Bank Wire
Expiry TimesFrom 60 seconds to the end of the day.
Types of AssetsForex, Stocks, Indices, Commodities, Metals
Account CurrencyUSD, EUR, GBP
US Traders Allowed No
Islamic Account: No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Broker information

HY Options offers direct access to binary options to institutional and retail investors. Having its offices in Limassol, Cyprus, it is sternly controlled by CySEC and governed by FTSL Financial Trading Solutions Ltd. It provides binary options in more than 200 assets including commodities, FX, indices, metals, stocks, and many more products. HY Options was started in 2015 but quickly gained ground to become one of the pace-setters in the bustling field of binary options. It also offers mobile trading at its interactive platform and the support languages are English, Arabic, German, Chinese, Italian, Russian, French, and Spanish.

Accounts

In regards to accounts, HY Options provides a choice of three different ones. To open a Silver account, one would be required to deposit at least $100 which is probably one of the lowest in the binary field. To launch a Gold account, a trader would need an amount of at least $2,500. VIP accounts, the elite accounts at HY Options, are opened with a minimum amount of at least $10,000. No demo account exists for the moment. The payouts can be as high as 73%.

Deposit and Withdrawal Options

Making use of an SSL encryption service, HY Options is devoted to offering the highest grades of user security, international banking protection, and safety.

The transparency, associated with the deposit and withdrawal operations of HY Options, permit the timely execution of any transaction, providing the levels of convenience and comfort of an international financial institution.

Account activation necessitates no more than 5 minutes and funding your account with moneys can be executed 24/7 through a MasterCard, a VISA, or via a bank wire. Bank transfers are the preferred method for bigger amounts of cash.

Despite the fact that HY Options processes withdrawals within 72 hours, your associated bank might need 4-8 working days to credit the profits to your card statement and this is a regular practice for the majority of banks out there. Please bear in mind also that a $30 processing fee will be needed for bank wire withdrawals of $300 or less.

Features

HY Options’ website is easy to browse and everything is clearly aligned with tabs. At its clients’ disposal are available binary options on more than 25 currency pairs, commodities (coffee, corn, wheat, US Oil), metals (Gold, Silver and Platinum), and many world equity indices. Standard binary options, such as the Ladder Options, as well as long-term binary options, are offered to HY Options’ traders. It also has an option where investors bet whether the price of an important asset will be higher or lower than when it entered the market. This is regarded as the Day Up/Down Binary Option.

Education

Numerous ways of market information flow are provided by HY Options to its traders – well developed charts, SMS alerts, live news and prices, market analysis, information briefs, an eBook and tools for technical analysis. One may notice the greatly divided into separate areas FAQ section – Account Opening, Payment, Platform, and Trading – which further facilitates HY Options’ clients.

Customer Support

Various ways of reaching the support team are available. Besides e-mail correspondence, there is the option of a Call Back form. Phone service is available in the Cypriot headquarters in local languages and chat can be used Monday through Friday from 07:00 GMT to 16:00 GMT. The website of HY Options is multilingual and comes in eight world languages.

Bonuses/ promotions

The three accounts, which can be opened on the web or via mobile devices, are entitled to use an account manager and some personal instructions. The Gold account users receive trading reports and signals and a more advanced training, while the VIP also benefits from leading market updates, a personal account manager, and a cash bonus of up to 100%.

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