As you probably know, binary options have been very popular among those who trade financial markets. This tendency has been going on for years and all around the globe. For now, there are over 2 hundred binary options brokers. Apparently, most of them aren’t worth attention while only a handful of such brokers can be considered reliable. In this article, we are going to take a closer look at HY Options, a relatively young binary broker – the younger brother of HY Markets, one of the best Forex brokers with some 30 years of expertise.
HY Options
According to the official website “HY Options is the trading name of FTSL Financial Trading Solutions Ltd, authorised and regulated by CySEC under license number 259/14.” (https://www.hyoptions.com/en/about)
HY Options is turning into a leading binary options broker providing binary traders with the ultimate trading environment and conditions. This is a client-oriented firm offering top-notch trading solutions, cutting-edge trading software along with innovation to make binary trading profitable and enjoyable. The company offers 200+ assets available for everyday trading: forex, metals, commodities, stocks, and indices.
On top of that, it’s the company’s team of committed professionals that makes them stand out from the crowd.
Another thing that makes HY Options unique is its “strong focus on serving the needs of individual investors”. It is about transparent pricing with no commissions or hidden fees along with transparent deposit / withdrawal policies.
HY Options: Regulation
FTSL Financial Trading Solutions Limited is the company behind the trading name of HY Options. Keep in mind that the mentioned company is licensed and regulated by the Cyprus Securities Exchange Commission (the CySEC - License Number 259/14).
On top of that, HY Option is registered with the following European regulators as it complies with their requirements:
United Kingdom: FCA
Germany: BaFin
France: ACP
Spain : CNMV
Poland: KNF
Denmark : Danish FSA
Sweden : FI
HY Options: Products
As you probably know, binary options are derivatives which means they have underlying assets. As for underlying assets, we have already mentioned that you can trade binary options on as much as 200+ underlying assets from the following categories:
FOREX
METALS
COMMODITIES
INDICES
STOCKS
Types of Binary Options by HY Options
HY Options offers the following types of binary options:Up/Down, 60 Seconds, Long-term, Pairs, Ladder. Let’s have a closer look at them. This is what the official website reads:
https://www.hyoptions.com/en/binary-education/types
Day Up/Down Binary Options
This is a binary option whereby you are speculating on the price of the underlying asset being either higher or lower than the entry rate at expiry. The expiry time specified is within the same day as when the option is placed.
60 Seconds Binary Options
This is very similar to a Day Up/Down Binary Options. The main difference is that expiry is 60 seconds after placing a trade. The trader predicts whether the price of the product will be lower or higher than the entry rate at the end of 60 seconds.
Long-term Options
The long term binary option gives the clients the ability to take positions on options that will expire in a predetermined time in the future. This feature opens the door not only for traders that want to take advantage on product volatility or financial events, but for investors that can analyze a product’s fair value and take advantage of the price while eliminating short term price movements or disturbances. As with other option types, if the price goes against you, you would lose the initial investment.
Pairs
Pairs are a new type of Binary Option that allows clients to choose between two products and pick which product will perform better relative to the other. For example if the pair is Gold Vs. Silver. As Gold is stated first in the pair, it is representing "Up". As Silver is the 2nd product, it is representing "Down". The competition is between product will rise in price (by percentage) more by the expiry time. If the trader believes that Gold will rise more in percentage terms by the expiry, then the trader would choose "Up", or if they believe that Silver will rise more by percentage terms by the expiry, they would choose "Down".
Ladder Options
A Ladder option is a type of option in which clients select a product to trade and are given a range of price levels which are arranged at equal intervals like a ladder, hence the name. These levels have different expiry times and payout levels. Simply put, a ladder binary option specifies that the market has to rise beyond, or fall below, several price levels, after certain periods of time while the trade is active.
For more details, including examples, please follow the link - https://www.hyoptions.com/en/binary-education/types
