HY Options Review: The list of binary options broker has been rising with the business becoming phenomenal in the international market. And last year there has been a bloom of promising platforms which has given outstanding performances and proved to be true with their returns percentage and that is quite a good sign.
Last year one such promising platform that grabbed the attention of many traders and new comers into the business around the world was the HY Options trading platform. With its smooth investing facilities and professionally moderated website the HY Options is gaining a trustworthy status in the market.
HY Options Review – Is HY Options Scam or Legit Software?
With all the requests coming up, I decided to do a review of the HY Options trading platform and if you are also interested in getting involved with this latest system you have come to the right place.
The HY Options was launched last year and is operated from Limassol, Cyprus. The first impression that it created was the fact that unlike all the new platforms which are coming up it is licensed and regulated, and that builds all the trust. CySEC is regulating the HY Options, and it is well known that CySEC is a big name in the scene.
The platform uses SpotOpions software and promises maximum returns of 82%, and that’s another good sign as scam sites would exaggerate a huge amount of returns which is not possible in the options market. Sadly the platform is not available in the US, Iran and Iraq.
There is a huge amount of assets to choose from, and it has a user-friendly platform, but the only thing that is not fair enough is that it only gives a very simple loyalty bonuses.
HY Options Account Types:
The platform is run by a company called FTSL (Financial Trading Solutions Ltd), and the fact that it is regulated opens a huge door of possibilities of personal security and safeguard of the trader. You will not be disappointed with the service and would feel confident enough to start your trading business as soon as you start reading the article.
The Account Types that are available in the HY Options platform are discussed below:
- HY Options Silver Account: This is the primary account which you can avail by a simple deposit of $250. You also get to have an account manager and there will be training sessions where you will be introduced to the system and the options market.
- HY Options Gold Account: This account type offers much more, and you can get to this level by the deposition of $2500. You will be assigned a personal account manager, an advanced level of the training session and market reviews. You will also be given free trading signals.
- HY Options VIP Account: For you to get to this level you will need a deposition of $25,000. You will be offered up to 50% of sign up bonus and a specialist account manager. Moreover, you will be given free trading signals, advanced training, and market reviews too.
Here you can see that the bonuses come in at the higher account level, and that’s the only drawback the platform comes with.
HY Options offers binary options trading on a wide range of products, and that’s the sign of a high profile platform which the clients can rely upon. The assets that are available in this platform range from currencies, metals, commodities, indices and stocks.
If you are interested in Forex, then there is good news as HY Options provide options on both major and minor currency pairs.
As mentioned earlier HY Options provide binary options with maximum returns of 82% and there are a number of options that you can choose from. The options are High/Low, 60 seconds, Long Term, One Touch, Option Builder, ladder and Pair Options, 2 minutes and 3 minutes options.
This plethora of choices might pamper the trader to use any options type to make use of while selecting a particular trading style. But the good side is that you can make use of the HY Options risk management tools and make use of the best options type suitable for a particular trade.
For the 60 secs trade the minimum amount size is $5 and for the regular trade, the minimum trade size is of $10. While the maximum trade size is $1,500.
You will avail the best banking services with the HY Options platform, and you are free to use any banking services like your Master Card, VISA, Skrill and even PayPal and wire transfer or NETELLER. You should not worry about the security as the platform has a very strict and reliable personal security service for your finance.
Withdrawals take a maximum of one day if everything is well settled. There is free withdrawal for minimum withdrawal of $20 and $30 charge for withdrawals under $300.
Some other insights
The platform is available on your smart phones as you can get the apps for free download from Google PlayStore and Apple AppStore. The customer service is reliable, and there is a live chat option too. You can send your queries in firstname.lastname@example.org via email. The service is available in multiple languages including English, French, Russian, Chinese and Arabic.
The withdrawal time can be one day or a maximum of 2-3 days and if you have some general questions regarding the bonus you can check in the link here http://scambroker.com/complaints/ this might help you clear some more doubts.
The CySEC license number of HY Options is 259/14. There is sadly no demo account option available which would have made this platform more flexible, but nothing is perfect as every platform comes with some or the other drawbacks which you need to accept.
Coming to the end of this article it is quite clear that HY Options is a well-regulated platform. Moreover, it is regulated under CySEC which is its plus point, and trading with a licensed platform makes us more confident and helps to build our trust in the business.
Other than some issues like its simple bonus and the $30 charge for withdrawal under $300 the platform can no doubt be considered one of the best in the binary options market. It’s not available for traders from the US, Iran, and Iraq and this is disappointing for traders from these countries. Feel at ease while trading with HY Options whether you are a new comer or an already successful trader this will give you the best results.
I hope this article was useful if you want some more additional information to be at your disposal don’t shy off from commenting about anything in the comments section below. All the best for your future endeavors and wish you a happy trading experience. Thank you.