*Cashback Requirements: $250 Volume.
About HY Options
Binary Options trading firms have become the in-thing for investors looking for new investment vehicles nowadays, HY Options is one of such firms that is owned and run by FTSL Financial Trading Solutions Ltd, a firm domiciled in Cyprus, whose sole responsibility is in offering financial services. HY Options is regulated and licensed by the CySEC, short for Cyprus Securities Exchange Commission and has a license number 259/14. It has its headquarters cited at the address: 15 Spyrou Kyprianou Avenue, Matrix Tower II, 1st Floor, Mesa Geitonia, Limassol, Cyprus. HY Options has emerged one of the few binary options brokers that were presented their CIF licenses under a recently restructured CySEC, which subjects HY Options to more rigorous supervision by the CySEC and they had to act in accordance to the recently improved set of rules.
HY Options is somewhat new in the binary options market, but the trading platform gives you a perk of brilliance, efficiency and simplicity. It is powered by the innovative SpotOption binary options trading platform. You stand to enjoy a payout of about 82% on winning positions.
Trading Software and Assets
HY Options deploys the renowned Spotoption trading platform that promises first-class execution on an intuitive user interface. During our review of HY Options, we really enjoyed playing around the trading environment on the HY Options trading platform powered by SpotOption.
HY Options clearly states on its website that traders can trade over 200 assets, which includes Commodities, Precious Metals, Forex, Stocks and Indices. Traders can select from 5 types of commodities (coffee, wheat, corn, crude oil and sugar), 3 types of precious metals (Silver, Gold and Platinum), 27 currency pairs, over 40 varying market indices and 84 types of stocks.
Traders on HY Options can select from six varying types of trading contracts, which are as follows:
Ladder Options | Pair Options | Day Options (High/Low) | 60 Seconds | Long Term | One touch
The “OptionBuilder” contract was substituted by “Ladder Options” which presents to trader’s greater flexibility in terms of hedging. Basically, traders on HY Options can still enjoy a wide range of contracts to satisfy for the diverse trading styles employed by binary options traders.
There are three different trading account types on HYOptions. The different account types and their characteristics are shown below:
– Silver Account
The HYOptions Silver Account allows trader a minimum deposit of $250, also included is access to an Account Manager, as well as Introductory Training.
– Gold Account
The HYOptions Gold Account requires a $2,500 minimum deposit and is packed with an assigned professional account manager. Traders stand to also enjoy a cutting-edge training and trading alert on the Gold Account.
– VIP Account
The HYOptions VIP is a premium account type that requires a $25,000 minimum deposit to open an account, includes one specialist account manager, advanced training, trading alerts, market analysis and 50% commission on deposit.
Deposits and Withdrawals
Clients can deposit/withdraw funds on HY Options via Credit/Debit Card (Visa & MasterCard) and Bank Wire. Deposited amounts can only be withdrawn via the same method used in depositing such cash, while subsequent profits are issued via Bank Wire.
HY Options supports prompt withdrawals (1-3 days), with minimum withdrawals as low as $20, while a $30 fee is charged for withdrawals below $300.
Support on HY Options can be reached via 24/7 Live Chat, Email, Telephone or Contact Form.
Minimum Deposit – $100 | Max. Bonus – $7,000 | Max. Investment – $1,500 | Account Currency – USD | Minimum Investment – $5 | Trading Software – SpotOpttion | Mobile Trading – Yes | Demo Account – No | Nationalities – All But Iraq, Iraq, US | Online Since – 2013
|Broker||Binary Options Broker|
|US Clients Accepted|
|Platform Languages||English, French, Russian, Arabic, Chinese, German,Italian, Spanish|
|Devices||Desktop, table, mobile|
|Streaming News Feed|
|No Deposit Bonus|
|Deposit Bonus||Up to $10.000|
Deposit and Withdrawal
|Deposit Options||Credit cards, wire|
|Withdrawal Options||Credit cards, wire|
|Customer Support Languages||English, French, Russian, Arabic, Chinese, German,Italian, Spanish|
|Customer Service Hours||24/7|