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HY Options
Min. Deposit: $100
Min. Investment: $5
Max Returns: 82%
Rating: Rated with 4.5 stars
Regulated Broker: Available
Signals: No
  1. HY Options broker no longer accepts new traders. Have you tried 24option broker?

    HY Options is one of the new players on binary options market in South Africa. This broker is present on South African market since 2012 as a brand name of HYCM Ltd.

    We decided to add this brokerage company on our site thanks to many different trading features and instruments that HY Options offers on trading platform. Below in HY Options review, we will take a closer look on their platform and services, that are available for traders in South Africa.

    Below in HY Options review, traders can get important information of different elements of HY Options broker, such as:

    • banking info
    • how to use trading platform?
    • what are trading features
    • details of account types
    • how to contact HY Options?

     

     

    HY Options Trading Platform

    This broker uses well-known software, SpotOption, for its trading platform. With an user-friendly interface and modern look, HY Options offers a variety of trading tools to their registered traders in South Africa.

    HY Options minimum deposit is only $100, that is much lower than other amounts in binary industry. Our HY Options review shows how this broker accepts only USD. South African traders should know that lowest investment is $5, while maximum return can go up to 82%.

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    HY Options Trading Features

    Our HY Options review showed us how this broker offers a selection of trade options: 60 Seconds, High/Low, One Touch, Pair Options, Long Term, Ladder Options and Option Builder.

    Following expiry times for mentioned trade options include 60 s, 2 min, 15 min, 24 hr, 24 hr + and end of day. When joining HY Options platform, traders can choose among many available underlying assets, such as stocks, currencies, commodities and indices.

    During HY Options review, we learnt that HY Options offers traders a wide range of trading features and services. Features such as Double Up, Rollover and Settle Now are often used on HY Options platform.

    • Double Up – feature that enables South Africans to double the trade and increase initial investment.
    • Rollover – this feature can be activated when traders want to postpone expiry of the trade position.
    • Settle Now – with this function, South Africans can sell their binary option, up to 1 hr before it expires. This feature helps traders to keep track of their results and minimize money loss.

    hy options mobileIn our HY Options review it is visible how this broker offers mobile app to their registered traders. This comes as an useful service that enables traders to trade binary options when they are on the go.

    HY Options mobile app is compatible with all iOS and Android devices.

    This application is available on smartphones and tablets, as well as on computers. South Africans can easily manage their portfolio and can have an overview of entire history and done trades.

    App can be downloaded in Google Play and Apple Store.

    HY Options Account Types

    This HY Option review revealed us they offer three different trading accounts, each with different trading characteristics.

    HY Options Silver Account

    • Minimum deposit $100
    • Account manager
    • Lessons – introduction

    HY Options Gold Account

    • Minimum deposit $2500
    • Pro account manager
    • Lessons – advanced level
    • Trading signals and reports

    HY Options VIP Account

    • Minimum deposit $10000
    • Specialist account manager
    • Lessons – professional level
    • Trading signals and reports

    HY Options Customer Support

    hy options-contactWhile researching for HY Options review, we noticed they offer very good customer support service. Under Contact Us tab, traders can find detail explained information on how to reach this broker.

    South African traders can contact HY Options through email info@hyoptions.com (general queries), live chat and phone. This broker offers different emails for several departments, such as technical one, partnership, accounting, sales, complaints etc.

    HY Options office hours are from Monday to Friday, between 7 a.m. and 4 p.m. HY Options offers multilingual platform, available on: English, German, Spanish, French, Russian, Italian. Arabic and Chinese.

    HY Option Banking Info

    This broker pays a lot of attention into protecting their trading platform for traders to feel safer while keeping funds on trading account. They use SSL encryption that protects financial and personal data of registered traders.

    To begin making any payments with this brokerage company, South Africans need to confirm their identity by providing following documents: photo ID, proof of address and credit card copy.

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    So far, as seen in HY Option review, they offer following deposit and withdrawal methods: Visa, Mastercard and bank wire. Unfortunately, HY Options doesn’t offer possibility to make payments via alternative methods, such as e-wallets, widespread in binary options industry.

    As regards to withdrawals, to start one, traders first have to submit withdrawal request that will be processed in 3 working days. Additional 4 to 8 days are needed for funds to arrive on the account of the trader.

    Minimum withdrawal with HY Options is $20, very low in binary industry. What we discovered in this HY Options review is that $30 fee will be charged for withdrawals done via bank wire in amount below $300.

    For more detailed information regarding banking, traders can find under Support tab in upper right corner of trading platform.