HY Options Review

HY Options is one of the latest companies to join the long list of binary options brokers situated in Europe. HY Options is regulated by the CySEC under their newly revamped regulatory framework, and hence, the broker is expected to bring some excellent features to the table to outshine the competition. It is interesting to note that HY Options does not disappoint traders who are looking for a genuine binary options broker that is serious about the security of clients fund and safeguarding clients’ interests. In this HY Options review, we will find out all about the broker regarding its advantages and disadvantages that will help traders to make an informed decision.

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What Are The Notable Features of HY Options Binary Options Broker?

HY Options is regulated by the CySEC and falls under the new regulations that have been designed to take into consideration various criticisms that the regulatory agency had received during the past few years. Therefore, HY Options can be considered as one of the very first binary options brokers that are strictly regulated by the agency to provide a safe and secure trading environment for investors around the world. However, traders from the US are still not accepted by the broker.

You can open an account with HY Options Binary options broker with a small initial deposit of $100, and traders can trading using a small initial investment amount of $5. The lowest timeframe available for binary trading is 30 seconds, which offers a significant advantage for traders who want to experience the excitement of super-fast trading. HY Options also offers a range of binary options trading strategies such as one-touch, high/low, long-term options, ladder options, EOD Options, and pairing two options together. This allows the trader to diversify his trading portfolio and choose a trading strategy that suits his risk appetite.

All winning and in-the-money trades offer a maximum of 82% returns, while out-of-the-money trades don’t offer any rebates or cash backs. This is one of the few disadvantages of the broker, but it seems to be the industry standard not to provide any cash returns or rebates for losing trades. The profit potential is also slightly on the lower side, which might be an inadvertent consequence of adhering to the strict regulations enforced by the CySEC. There are only a handful of brokers that provide the convenience of high payouts and rebates on losing trades, but HY Options traders enjoy the freedom to manage their trades by doubling up a trade to extend the expiry, rolling over for next day trades, or using settle now option for cutting losses early.

How Much HY Options Bonus Can We Expect?

The HY Options bonus is limited to just 100% of the deposit amount, and the maximum bonus amount is capped at $10,000. However, the bonus is only available for VIP accounts, which require a larger deposit amount. However, traders opening the smaller silver and gold accounts with the broker can expect a 50% deposit bonus on all initial deposits, but these bonuses can be withdrawn only after meeting several trading conditions. Traders should always read through the bonus terms and conditions before availing bonus from HY Options.

HY Options Mobile & Web Trading Platforms

HY Options offers a tried and tested web trading platform known as SpotOption, which seems to be one of the most popular trading platforms for binary options brokers from around the world. SpotOption is a highly reliable and easy-to-use interface that provides all the tools and resources required for trading at the single click of a button.

HY Options has followed suit with all major binary options brokers by designing their own HY Options mobile trading apps that are available for both the Android as well as the iOS operating systems. Binary options traders are increasingly favoring mobile trading platforms over the conventional web or desktop-based platforms, which would signify the motivation behind binary broker’s dedication towards designing and advertising their proprietary mobile apps.

Traders have access to one of the largest collection of financial assets that helps them to choose binary options according to their preferences. All of the financial assets are available for trading on all the mobile and web trading platforms, and users have access to different tools for performing comprehensive technical analysis of the markets.

As A Customer, How Will I Be Treated By Hy Options?

HY Options has a dedicated customer support channel that is highly efficient and proactive in addressing consumer complaints as soon as possible. HY Options has quickly managed to attract positive reputation within an incredibly short amount of time, which is certainly favorable news for traders who intend on opening a live account with HY Options. The age of the broker also determines that there is still a long way to go before we can determine the long-term reliability, but things look great for the company if they manage to keep their services authentic.

HY Options is one of the few brokers that are honest about the relationship between a trader and his broker. HY Options acknowledges the fact that brokers and traders always have a conflict of interest, therefore, makes sure to let their clients know that trading in the markets is inherently risky and encourages customers to make their trading decisions without external help. But HY Options does not leave their clients high and dry, instead, provides excellent educational materials and other resources to help traders to get familiar with the markets.

Are My Funds Safe With HY Options?

HY Options is regulated by the new regulatory protocols as issued by the CySEC, and therefore, require all clients to be protected against fraud or company insolvency. All client funds are kept in segregated accounts and at established banks in the EU, thereby guaranteeing the safety and security of funds against most discrepancies. HY Options is an exceptionally reliable company to do business with, but there are a few drawbacks such as lower profit potential and fees and commissions associated with smaller trading accounts. Small withdrawals also carry withdrawal fees, but these kinds of issues are inconsequential if we take the bigger picture into account.