HY Options Review

| July 9, 2016 | 0 Comments

Company Overview

HY Options was started and is still managed by HYCM Ltd, based in Cyprus. It’s among the latest binary options trading brokers that have started to operate out of Cyprus. The HY Options trading platform is being regulated by CySEC (Cyprus Securities and Exchange Commission) and is run under the license 259/14. It’s one of the first few brokers that got their CIF license issued by the revamped CySEC. It also had to go through a more stringent oversight and had to comply with all the new and enhanced rules of CySEC. In simpler words, HY Options operate on a standard that is higher than most of the other previous binary options brokers. This is important to understand because even though HY Options is a new name in the binary trading world, traders get a higher standard as compared to other previously established brokers.

Trading Platform

HY Options guarantees trading performance because it uses SpotOption 2nd GEN trading platform. It’s not revolutionary or exclusive because many other binary options brokers rely on this trading platform, but instead of going for something new, HY Options opted for a well-established, efficient and reliable platform that traders trust. Since the platform has been in development from 2008, it has been designed to be easy to use and offer an interactive and attractive interface. The most promising attribute of the SpotOption 2nd GEN platform that is incorporated by HY Options is that it offers a plethora of risk management features, which give every trader an increase in flexibility to match the dynamic situations that present themselves in the binary options trading market.

Features

The unique feature of this particular trading platform is that it incorporates an additional “Popular” tab located on the trading platform’s menu bar. This tab directs traders on the assets that are most frequently traded so that traders can get in on the action and stay up to date. The assortment of risk management tools that come with the SpotOption platform includes some highly-rated features such as Double Up, Settle Now, and Rollover.

Customer Support

When it comes to customer support, HY Options doesn’t offer something extraordinary, but it does offer what most other binary brokers are offering. The website is multilingual, but it only offers English and Arabic. Perhaps it can add more languages to reach a broader audience. Customer support can be reached via the conventional options including email, telephone, and live chat. Another discrepancy in the customer support services is that the company claims to offer 24/7 customer support, but its live support service is only available five days a week from 7:00 a.m. to 4:00 p.m. GMT.

Conclusion

While many traders may just think of HY Options as one of the new binary brokers, it has been part of the HY Group and has decades of financial trading industry experience to back its ability. Traders can rest assured that they are getting in business with a reliable broker and avail high standards of service.

Office website: https://hyoptions.com/

Category: Binary Option

Leave a Reply

Your email address will not be published. Required fields are marked *