HY Options Review
HY Options firm started trading in 2015 but has chosen to register in Cyprus. This means it will be regulated by CySEC, the biggest binary options regulator in the world. Opting to be regulated shows how serious this firm is about establishing a good reputation and providing a first class service.
The firm uses SpotOptions as their software provider and their site is exceptionally well designed and easy to use. The potential maximum returns are listed at eighty two percent with a minimum deposit of $100. Trades can be undertaken from anything between $5 and $1,500 with a welcome bonus that matches your initial deposit.
- Very easy to use site which is well laid out with a good array of features.
- Huge range of trading types and assets.
- Once you have qualified to withdraw your funds it can be completed exceptionally quickly.
- The minimum amount of funds which can be transferred out is low.
- Only one bonus scheme offered.
You will be given an account type of silver, gold or VIP depending upon the amount of your initial deposit. $250 will put you in the first account, whereas amount over $25,000 will give you a VIP account. All accounts get provided with an account manager and some training as well as market analysis. The top account gains a senior account specialist who will help you place the best possible trades and ensure a good rate of return for your investments.
The welcome bonuses are extremely limited and you are not able to withdraw funds until you have invested forty times the bonus you have been given; this is much higher than most other brokers; although you do not have to accept the bonus.
The website is run using the SpotOptions software which is favored by many traders. It is a reliable and extremely easy to use platform and allows HY Options to offer a wide range of trading options. You will be able to trade in almost any type of option, whether short term trades, high and low trades or even pairs. You will be able to experiment with the different styles and calculate the options which suit your style of trading the most.
An interesting extra feature is the ability to, extend certain trades, if they are near your prediction, alternatively you can opt to sell your trade and recoup some of your funds if you can see the trade will not do what you expected. Both of these tools will be of great assistance when planning your strategy.
There is a good range of options regarding ways to invest your funds and withdraw them; although the list is not the most comprehensive it is certain to offer one method which will appeal to you. Additionally withdrawing funds is very quick and easy to do although you must consider what charges apply before withdrawing the funds.
Good quality customer support can make a huge difference when deciding whether to use a specific broker’s services or not. HY Options are one binary options trader which has opted to register and, therefore, have to be transparent in all their dealings. They have an excellent customer support which can be reached between seven in the morning and four in the afternoon Monday to Friday. The staff are knowledgeable and friendly and can offer support in a variety of languages. Support can be offered via the increasing popular live chat, the telephone or email.