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Software HY Options vs. Magnum Options

Selecting the right binary option trading srevice for your company is difficult with various functions, choices, and offers to choose from. But, relying on our website will make it possible for you to simplify the selection process by reading all key brokers in a single location. As an illustration, you can compare HY Options and Magnum Options for their tools and overall scores, in this case, 8.0 and 8.0, respectively. Furthermore, you can check which broker has higher general user satisfaction rating: 96% (HY Options) and 96% (Magnum Options) to learn which service is the better option. Don’t simply pick the platform with the lowest minimum deposit, but the platform that has the best value.

Software

HY Options

VS

Magnum Options

VS

Score

Our Score

8.0 ?

Our Score

8.0 ?

Customer Experience

Customer Experience

96% ?

Customer Experience

96% ?

Minimum Deposit

$100

$200

Accepts US Clients

Yes
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Full Review

Description

HY Options offers the SpotOption Gen 2 trading platform which is used by many other brokers. This stands testimony to the platform’s reliability and efficiency. It is easy to use and has an attractive interface. The platform offers good risk management tools that give traders more flexibility to adjust their trades according to the changing situations in the market.

You can use the advanced trading platform to trade binary options such as Up/Down, 60 seconds, and Pairs quickly and easily. You can also make use of platform features such as Settle Now and Roll Over.

Magnum Options makes use of the SpotOption trading platform, considered to be one of the most widespread trading platforms in the market due to its simplicity and flexibility. It is so straightforward that even inexperienced traders won’t find themselves having problems browsing and performing trade functions and processes with SpotOption.

Place Trades Over Phone

No
No

Trading Accounts

HY Options offers three types of trading accounts:

Silver Account

  • Minimum deposit is $100
  • Offers introductory training and an account manager
  • Web/Mobile platforms

Gold Account

  • Minimum deposit is $2500
  • Offers trading reports and signals, market reviews, and advanced training
  • 1 professional account manager is assigned to the account
  • Web/Mobile Platforms

VIP Account

  • Minimum deposit is $10,000
  • Deposit bonus is 50%
  • Includes trading signals, market reviews, and professional training
  • Specialist account manager is assigned to the account
  • Web/Mobile Platforms

Magnum Options offers the folllowing trading accounts:

  • Standard Account
  • Premium Account
  • Executive Account
  • Magnum Elite

Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No

Platform

Platform type: SpotOption
Platform Languages: English, Arabic
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes
Platform type: SpotOption
Platform Languages: Italian
OS Compatibility: iOS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Withdrawal Options:

Credit Card, Bank Wire Transfer Credit Card, Debit Card

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Chinese, Arabic
Customer Service Hours: HY Options offers 24-hour customer support.
Place Trades Over the Phone?: No
EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, Italian
Customer Service Hours:
Place Trades Over the Phone?: No
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Located In

Cyprus British Anguilla

Deposit Options

Credit Card, Bank Wire Transfer Credit Card, Debit Card, Bank Wire Transfer, CashU

Payout ratios

Maximum return is 82% on the standard options. There is no rebate for losing trades.

75%

Phone

357 25 245750 1-855-217-4642

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

Trade Types

HY Options offers six trade types:

  • Pair Options
  • One Touch
  • Long Term
  • Ladder Options
  • Day Options (High/Low)
  • 60 Seconds

Magnum Option offers the following trade types:

  • Classic Binary Options
  • One Touch Options
  • Option Builder
  • 60 Second Options
  • Option Pro

Email

info@hyoptions.com support@magnumoptions.com

Comission

No
No

Payouts Percentage

82%

85%

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Software Comparison

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The apps compared on this page are only a small sample of our entire Binary Options Brokers category and you should keep in mind that there may be more reliable options out there. If you want to guarantee you make the wisest choice for your team we definitely encourage you to analyze more products first. It may also be a good idea to check out our top 10 Binary Options Brokers list to see which products are at the moment the highest-rated ones and leaders in the market.