HY Options Review

  • Attractive Bonus Structure
  • Educational academy
  • Low minimum investment
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HY Options is another new company, though even younger than many others we have reviewed recently, having only come onto the scene in 2014.

The site is run by HYCM Ltd. (formerly known as FTSL Financial Trading Solutions Ltd.) and all of their practices are overseen by the CySEC regulating body so you know that you are with a broker you can trust.

HY Options offers many different kinds of binary options including:

  • High/low
  • One touch
  • Turbo
  • Long-term
  • Pair options
  • Ladder options
  • Option builder

You will have the option of trading over 200 assets including but not limited to:

  • Forex
  • Metals
  • Commodities
  • Stocks
  • Indices

Bonus structure

There are not a lot of bonus options available through HQ Options. The only type they have is based on the amount of money you deposit. These bonuses start with the minimum deposit of $250 and the maximum amount of bonus money you can receive is $10,000.

These bonuses are available immediately for trading and are also open to all account types.

Account types

Silver

  • $100 minimum deposit
  • Access to account manager
  • Introductory training

Gold

  • $2,500 minimum deposit
  • Advanced training
  • Access to professional account manager

VIP

  • $10,000 minimum deposit
  • Professional training
  • Access to specialist account manager

Unique selling points

  • They offer introduction, advanced and professional training
  • Low minimum withdrawal amounts
  • User-friendly platform

Pros

  • Mobile platforms
  • Fast withdrawal times
  • Large number of binary option choices

Cons

  • No South African Rand and limited currencies (USD, EUR, GBP)
  • Limited number of bonus types to choose from
  • $30 withdrawal fee for withdrawals under $300

Breakdown

HY Options is a new binary options broker that has some definitely good points but it seems like they still have a few kinks to work out, like the withdrawal fees and their lack of bonus opportunities.

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