HYOptions Review
In terms of the binary market, HY Options is a relative newcomer to the field. It was established in 2014 and has placed a high emphasize on utilizing the latest technology to provide the best possible service for all their clients. A HY Options broker review is always a useful indication of how a broker is progressing and whether it has managed to establish itself in this competitive environment.
The Operation
A review of this new broker, HY options, shows that it has a well designed and easy to navigate website. All the required features are easily accessible and most items are exactly where you would expect to find them. This means that traders can focus on placing the right trades and not on how to find the right trading options or educational support.
HY Options has already amassed over two hundred assets on its books; this means it has one of the largest offerings available on the market. In common with the majority of brokers you will find options to trade in currency pairs, stocks, indices and even some commodities. However, you will also find it is possible to trade in metals; a feature that not many brokers offer. This makes a refreshing change and a nice challenge for experienced traders.
It is possible to trade simply by predicting the price direction of an asset. However you can also set boundary options or indulge in setting a price which the asset is either allowed to touch or not. You can trade in short expiry dates; as little as sixty seconds is possible, or you can opt for longer term trades, even those which last for several weeks.
The HY Option broker review does show that this firm also offers an exciting additional range of features. You are able to roll over a trade; in effect extend the time it is invested for to help you achieve a successful result. Alternatively you can increase the funds invested in your trade by using the double up feature; this is particularly beneficial if you think you are onto a winning trade. A final option, when you are convinced that your trade is going to go against you, is to sell it back to the broker and accept a small amount of your funds back. This will, at least, ensure you do not lose all your funds on a specific transaction.
This type of additional to the standard trading options allows you to experience a little more control over your investments and adds a new layer of excitement.
Your Account
The HY Option broker review confirms that there are three options when signing up to an account with this broker. The one you are assigned will depend upon the level of your initial investment. The basic account is called silver and simply requires you to submit $100 to your account; this is the minimum amount you need to start trading. Impressively this account includes your own account manager and a variety of features including access to all the educational materials on the site. The other accounts, gold and the VIP require higher deposits and provide access to an extensive range of additional features. However, the silver account is an excellent starting point for most traders.
The process of adding or withdrawing funds is very simple, you choose the method by which you wish to add or remove funds and the transaction is completed within a short space of time. The usual options regarding funding are available; these include credit and debit cards, wire transfers and a range of electronic options.
Opening an account requires the completion of an online form; this takes a few minutes and, once you have added funds, you can start trading immediately.
Help
Every broker review shows that there is an array of educational facilities available. HY Options is no different. In fact, it has become expected that there is a good range of educational resources to help all traders, whether new or experienced. The HY Options education section of their website is well laid out and provides e-books, video tutorials and even a selection of articles. There is also an important feature included in the shape of an economic calendar which highlights when important events are likely to happen and updates you regarding the latest economic news. The information provided in this section of the site is crucial to becoming a successful trader; the more you know and understand regarding the principles of trading and the various strategies available, the easier it will be to place the right trades.
Alongside the excellent educational feature, HY Options has a comprehensive range of customer service assistance. The friendly and professional advisors can be contacted via several different email addresses, or, you may prefer to fax them or even phone them for a faster response. The information you receive back is cleared provided by someone who has a good knowledge of the industry and they do their best to help you on every occasion, no matter what the query.
As a broker, HY Options is trying hard to provide every feature you could need to reassure you and trade successfully.
TOP BINARY OPTIONS BROKERS
| BROKER | Details | U.S.-friendly? | Info | RATING |
|---|---|---|---|---|
 BinaryCent TRADE! | Min. deposit: $250 Min. invest.: $0.10 Return: 91% Trading: Binary Autotrade: GO! |  | REVIEW | |
 Binary Mate TRADE! | Min. deposit: $250 Min. invest.: $1 Return: 92% Trading: CFD, Forex, Binary Autotrade: GO! | No | REVIEW | |
 Finrally TRADE! | Min. deposit: $250 Min. invest.: $10 Return: 91% Trading: CFD, Binary Autotrade: GO! | No | REVIEW | |
