HY Options Broker Review ¦ Trusted Binary Trading Platform

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HY Options Review

Review

As of September 28, 2020, HYoptions is no longer accepting any new clients. Any traders interested in this company are encouraged to read the HYCM review to learn about the company’s other trading opportunities.

HY Options, headquartered in Limassol, Cyprus, is a market leader in providing retail and institutional investors with direct access to binary options. HY Options is regulated by CySEC and is a trading name of FTSL Financial Trading Solutions Ltd. HY Options offers binary options on all products including FX, metals, commodities, stocks, indices and more.

Accounts

There are three accounts to choose from at HY Options. The Silver account requires a minimum deposit of $100, the Gold account must be funded with $2,500 and a VIP account can be opened with $10,000.

HY Options Account Types

All three accounts receive an account manager, some personal instruction and can be opened either on the web or mobile platforms.

Holders of the Gold Account benefit from trading reports and signals , advanced training and a professional account manager .

Traders in the VIP account can access and trade through the VIP team. They receive leading market and account updates through a range of different options, access to leading market analysis tools through Trading Central, a 1-on-1 educational program on fundamental and technical strategies, 1-on-1 training with an account manager on market analysis, and live market information, access to HY Options financial analysts and access to their innovative Pro-Daily website.

For Day Up/Down, Long Term and Pairs, the minimum investment amount is $10. For 60 seconds it is $5.

I was surprised that a demo account is not offered.

HY Options offers many intriguing bonuses for its account holders:

  • 250 USD to 999 USD – 35% bonus
  • 1000 USD to 2499 USD – 50% bonus
  • 2500 USD to 4999 USD – 75% bonus
  • 5000 USD and above – 100% bonus (max 10,000 USD bonus)

Features

The website at Hy Options is easy to navigate and all items are clearly tabbed.

With HY Options, traders can choose binary options on over 25 currency pairs including EURUSD, GBPUSD, USDJPY and EURGBP; metals such as Gold, Silver and Platinum; commodities including US Oil, corn, coffee and wheat; numerous global equity indices from key economies including the US, UK, Germany, Japan and Hong Kong.

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HY Options Products

In addition, HY Options offers binary options on numerous blue chip and tech stocks including Google, Apple, Facebook, Goldman Sachs and IBM.

Since the trading hours for each asset type differs from the other, HY Options gives traders the heads up on when they can place trades by providing a PDF file which lists the exact times for each asset class in different parts of the world.

HY Options offers the standard binary options such as Ladder Options, where clients can select a product to trade and are given a range of price levels which are arranged at equal intervals like a ladder, hence the name. These levels have different expiry times and payout levels. In short, a ladder binary option specifies that the market has to rise beyond, or fall below, several price levels, after certain periods of time while the trade is active.

The long term binary option gives clients the ability to take positions on options that will expire in a predetermined time in the future. And the Pairs option allows clients to choose between two products and pick which product will perform better relative to the other.

An interesting option is the Day Up/Down Binary Option whereby traders speculate on the price of the underlying asset being either higher or lower than the entry rate at expiry. The expiry time specified is within the same day as when the option is placed.

Day Up/Down Option Explained

This is very similar to a Day Up/Down Binary Options. The main difference is that expiry is 60 seconds after placing a trade. The trader predicts whether the price of the product will be lower or higher than the entry rate at the end of 60 seconds.

Deposits/Withdrawals

HY Options accepts only two payment methods: Credit/Debit cards or Bank Wires.

When a withdrawal amount is requested via the online funds withdrawal form, HY Options processes the sum of the original deposit back to a credit card. All other transactions are returned to a bank account.

Education

The FAQ section is nicely divided up into separate areas — Account FAQ’s, Platform FAQ’s, Trading FAQ’s and Payment FAQ’s—so the answers to trader questions can be easily found.

HY Options provides its traders with continuous market information in the form of live prices, live news, market information, SMS alerts, timely market information briefs, advanced charting systems, an ebook and technical analysis tools.

Other additional educational benefits are offered such as SMS alerts sent to traders’ mobile/cell phone, daily analysis emails from credible international banking standard organizations, daily morning fundamental market information reports, a weekly report on important economic indicator releases and markets events, a weekly review of the previous weeks movements and trends in the markets, reports of economic indicator releases that affect the market as soon as these are published and more.

Customer Support

Traders can reach representatives at Hy Option through various means. A Call Back form is available as are email addresses to separate departments at their Limassol headquarters. Telephone contact can be made by experienced support staff at the help desk in local languages or at their main Cyprus address. Chat is available Monday – Friday, 7:00am GMT – 4:00pm GMT.

The Hy Options website is available only in English.

Conclusion

Hy Options is a full service binary option broker. It offers its traders all the right choices and features including several different account types, various different binary options and several trading platforms. The website is user-friendly and easy to navigate. Descriptions are provided for many of the topics discussed on the site and this is beneficial for traders on all levels of trading, especially newbies who are entering the world of binary options for the very first time.

Features

Among the many features at HY Options, the one that stands out the best is the lengthy explanations of the various terms and topics that should be understood by all binary option traders. Each of the binary option types is described at length and at least one example of its application is provided. This is highly beneficial for traders who are just starting out in the world of binary option trading as well as for those traders with some years of experience under their belt.

Trusted Online Broker Reviews for traders

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. But in any case, the criteria for a reliable broker are the same. On this page, we tested different companies with real money, whether it is a Forex Broker, CFD Broker, or offshore Broker you will find the best one for your situation.

Furthermore we will provide you helpful information about learn how to trade, using Social Trading and professional Order Flow Trading which will give advantages about the markets and other traders.

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Forex Broker Review

  • Trade 24/5 currencies
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  • Honest reviews of Forex Brokers

CFD Broker Review

  • Trade stocks, commodities, crypto, and more
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Learn how to trade

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Focus on safety and service for traders of Online Brokers

The most important fact to check on a reliable broker is safety for customers. The broker should be regulated and licensed. There are some criminals who build scam websites to do a big fraud on their clients. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Furthermore, there should be a possibility to contact your broker in different ways. Most brokers offer support via phone, chat, or email 24 hours on normal working days. Clearly, the support language is English but many brokers offer support in different languages like German, Thai, or Chinese.

To improve your trading skills and results you can join the education center of the broker. Videos, tutorials, webinars and sometimes 1 to 1 coaching are provided. Nowadays the broker wants you to profit because they can earn more money through a profitable trader than a losing trader. In the following reviews, you will see what the brokers offer for their clients.

Start with a free demo account

As a trader, you should start with a free demo account. Any broker on this homepage will provide an unlimited and free demo account for practice. This is an account with virtual money that simulates the trading with real money. You can try out all the functions of the trading platform. Especially for beginners, it is a good way to improve trading skills and strategies. In conclusion, always we recommend using the demo account first so you can see by yourself if you like the trading conditions or not.

How to open your trading account

Now it is important that the account opening process is fast and without problems. With most brokers, it is very easy to open your account in less than 5 minutes. First off all you should fill in your personal data in the account form to do the first step. We recommend using the right data otherwise the broker will not allow you to trade with real money.

After that, you get direct access to the trading platform. Any regulated Forex Broker needs a full verification of your account. That means the broker verifies your identity. It happens through uploading some documents on the broker’s homepage. It depends on the broker in which documents are required. Follow the steps in the account dashboard. It is simple and easy.

Some brokers let you trade real money without verification (for demo account you do not need it). Personally, we recommend verifying your account complete before you do your first deposit. Sometimes it happens that the broker does not accept specific customers through the verification process.

Step by step to open your account:

  • Insert your personal and correct data in the account form
  • Now you can use the demo account
  • Fulfill the registration process through the verification
  • After the verification, you can do your first deposit

It is recommended to invest only with regulated brokers.

The criteria for Trusted Online Brokers

To achieve a good overall result, you have to consider different criteria during the test. All brokers in my experience reports have been extensively tested against these criteria. It is crucial that there is a good overall package for the trader, which has the best conditions. Personally, we would never use a broker or recommend one before we did not check these criteria.

You can do it by yourself or you can read through our reviews which we build up after these criteria.

Criteria for a reliable online broker:

  • Regulation and licensed company
  • Safety of customer funds
  • Good conditions to trade
  • Which trading platform is available?
  • Free demo account
  • No hidden fees
  • Professional support and service

Regulations and licenses are very important for Online Trading

As mentioned above, before you sign up with any online broker you should search for a financial regulation and license on the companies website. The most of the time you will find the license number on the bottom of the homepage or in the main menu. The regulations are very strict for the brokers. Often the broker have to get a license otherwise the company can not do business in the ceratin country.

There are companies which allow you to trade under different licenses because sometimes there is a limit for leveraged products (Europe) by the regulator. But the brokers are smart so clients can sign up with a foreign license to get the benefit of a high leverage. In the next points you will see the most known regulation authorities of the world.

Popular and safe regulations:

What is the minimum deposit for live trading?

Happy news for you. Today the most brokers require a minimum deposit of only 1$ between 250$. Due to the stronger competition, the minimum deposit amount getting smaller. Which deposit amount you should use we can not recommend to you. This depends on your situation but you should only use money which you can afford to lose.

Online Broker deposit and withdrawal

Before it comes to real money trading the deposit should be happening. The online brokers offer different payment methods for a free deposit. In most cases, there are zero fees for your deposit. You can use electronic payment methods like credit cards or electronic wallets like Skrill, Neteller or cryptocurrencies. Also, the normal method bank wire is available.

You can use methods like:

  • Bank wire and international transfer
  • Electronic payments
  • Neteller, Skrill, ePayments
  • Yandex Money, UnionPay, Klarna
  • Cryptocurrencies
  • Broker to Broker transfer

How does a broker earn money?

Forex and CFD trading becomes more and more popular. It is the most traded market in the world. Every day there is a transaction volume of billions US-Dollars. The market is open 24 hours per week. No matter how much capital you want to invest with forex trading you can start by a small amount of money or big investments.

In order to get around a fraud, we have checked the following providers thoroughly. In our reviews, we will show you secure CFD and Forex Brokers which provide you the best conditions for trading.

There are only two options for a broker to earn money but generally, they earn money through the clients trading activity. One the one hand the broker can give their clients a higher spread than the normal markets spread. The difference is earning. On the other hand, the broker can charge a commission per trade and can give their clients the true market spread. From our experience, the second way is the cheapest account model for the trader.

Social Trading: Let other people trade for you

Trading and investing is not easy and you need a lot of knowledge. Professional traders develop trading strategies with thousands of factors to beat the market. In addition, as a retail trader, you fight against big banks and very intelligent people with a lot of money. Social Trading is an opportunity to trade automatically by using other successful traders. With the world’s famous social trading platform eToro you can copy other traders and invest in different portfolios. We have reviewed the platform and give you a full investment tutorial for beginners on “Social Trading“.

Advantages of Social Trading:

  • Start with small capital
  • Copy other traders automated
  • Diversification of portfolios
  • Do own risk management
  • Get copied and earn additional money

Conclusion: Successful trading can be done with a reliable Online Broker

Nowadays you can start trading online very fast and invest in the financial markets by sign up to an online broker. One the one hand there are a lot of different offers and it seems that one broker is better than the other. On the other hand, it is hard to find the best online broker with good conditions because most beginners and advanced traders got a lack of knowledge about this topic. That is why we developed this website to make it easier for you to find good companies to trade with.

To choose the right online broker is very important. Clearly, it can decide about your profit and investment.

HY Options Broker Review

This broker does not accept new clients. Select a Top broker instead!

HY options is a new binary options broker we decided to feature on Fair Binary Options. Through the HY Options review we discovered this is a nice platform that many traders will love to use due to its advanced risk management tools and user friendly policies. HY Options is also a registered broker making the decision to include them into our broker list easier.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

HYoptions Special features

HY Options is a brand of HYCM (Europe) Ltd, Cyprus, which is regulated by CySEC with ref. no. 259/14. This is a very important point for many binary options traders since due to numerous cases of reported scams in the industry it is important that they can rely on some authority to ensure minimum standards in customer protection. HY Options has many great features and we want to present them in this review. First we are going to go through HY Options’ rather simple account offering:

HY Options Silver Account

  • minimum $250
  • account manager
  • Introductory Training

HY Options Gold Account

  • min $2500 deposit
  • professional account manager
  • Advanced Training
  • HY Options review of the market
  • Signals

HY Options VIP

  • min $25,000 deposit
  • specialist account manager
  • Professional Training
  • HY Options review of the market
  • Signals
  • up to 50% bonus

As mentioned in the intro to HY Options review, the broker has a rather simple loyalty programs offering that includes the most important aspects of the trading experience.

HY Options review of T&Cs showed us this broker has a fair policy. They require 40x to withdraw bonus, which is over industry average. However, they have a 20x threshold for traders who wish to cancel the bonus. As with other losses too, trading losses are withdrawn from the invested amount, so we ask traders to be careful about this and not accept bonus with HY Options or any other broker, unless they understand the terms.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Become an IQ Option trader today

Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

HYoptions Trading software

HY Options uses the well known SpotOption platform that guarantees superior performance on a easy to use interface. They have really created a nice environment for trading that we enjoyed during the HY Options review. The HY Options platform supports many binary options types and we are confident many traders will find that they can exercise almost any strategy buy using these options. Our HY Options review was a pleasant experience because of this.

In HY Options review we see no need to individually present all the separate binary options types since these are well known terms, this is why we will list all the types of binary options that can be traded on HY Options platform:

  • High/Low
  • One touch
  • 60 Seconds
  • Long Term
  • Option Builder
  • Pair Options
  • Ladder Options

We think this is a very nice list that takes into account all the various trading styles in binary options. HY Options review was markedly more fun after we discovered our favorites – HY Options pairs trading.

In the intro to HY Options review we also mentioned that this broker has great risk management tools. These are also well known.
HY Options Double up allows traders to bring more to the table if the option looks like it will end in the money.

HY Options Roll Over is there to delay the expiry time of an binary options if trader thinks in the near future the price might take the direction that she desires. This tool requires additional 30% investment and works only if trader is on the loosing end of the option.

HY Options Settle now is especially interesting since it is not that we see it often with other brokers. It allows trader to sell her binary options up to one hour before expiry in order to limit losses.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

HYoptions Support information

HY Options review also shown that this broker has a well organized support service for traders. The company is transparent about their dealings since they are bound by CySEC which also requires complaint procedures to be well defined.

Traders can contact HY Options support by live chat, phone or get a phone call back. There is also a e-mail contact and a contact form so we are sure no one will have any problems in reaching HY Options. The broker claims they have 24h support, however, their support details state the support on chat and phone is available Monday – Friday, 7:00am GMT – 4:00pm GMT, so not all day and not every day.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Master the markets with IQ Option

  • Get a FREE $10,000 demo account
  • Start trading with only $10
  • Invest with a licensed and regulated broker

With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!

Between 74-89 % of retail investor accounts lose money when trading CFDs

HYoptions Payment Methods

HY Options supports the usual set of credit cards, however, they do not mention other means of payment on their website. Their representative assured us they also accept some other means of payment such as Skrill Moneybookers, Paypal, Neteller. However, we did not see this option anywhere so we guess it was planned for future developments on HY Options. Supported credit cards are MasterCard and Visa. All transactions are encrypted using the newest SSL encryption layer.

Withdrawals are also fast and it takes HY Options staff one day to process the request if all is done according to the instructions. Minimum withdrawal is super low – only $20. we think that is great – however, a processing fee of $30 is charged for withdrawals smaller than $300 as we learnt during the HY Options Review.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

HYoptions articles

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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