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Comparison HY Options vs. OptionTrade

Getting the best binary option trading srevice for your business is difficult with too much functions, choices, and offers to consider. But, depending on our review directory will make it possible for you to cut down the necessary steps by showing all main brokers in one place. As an illustration, you can compare HY Options and OptionTrade for their functions and overall scores, in this case, 8.0 and 8.4, respectively. Likewise, you can compare which provider has better general user satisfaction rating: 96% (HY Options) and 100% (OptionTrade) to find out which one is the better option. Don’t just choose the service with the most attractive minimum deposit, but the solution that offers the best value.

Comparison

HY Options

VS

OptionTrade

VS

Our Score

Our Score

8.0 ?

Our Score

8.4 ?

Customer Experience

Customer Experience

96% ?

Customer Experience

100% ?

Minimum Deposit

$100

$200

Accepts US Clients

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Complete 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.

OptionTrade offers traders their OT Trader, which is modeled after another successful trading broker called HotForex. OT Trader is a sophisticated binary trading platform built based on the experiences of the platform provider.

You can trade with ease using OptionTrade’s cutting-edge OT Trader platform. Traders can trade in more than 200 assets in 20 markets. You can manage multiple accounts in the myOptionTrade client area as well as trade on-the-go from any device. Minimum trade amount starts at $5.

The trading platform offers sophisticated trading tools and fast execution of trades. The platform is Web-based, therefore there is no need for downloads. It offers a user-friendly interface and is easy to use. The platform is integrated with all leading payment methods.

Payout ratios

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

Payout ratios offered by OptionTrade are available for up to 88%.

Email

info@hyoptions.com support@optiontrade.com

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

Comission

No
No

Phone

357 25 245750 +357-24-020054
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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

OptionTrade offers three types of trading accounts:

Standard Account – Minimum deposit of $200

  • Cash match bonus
  • Payout up to 83%     
  • Free demo account   
  • 80+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Premium  Account – Minimum deposit of $1000

  • Cash match bonus
  • Payout up to 85%     
  • Free demo account   
  • 120+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

VIP Account – Minimum deposit of $5000

  • Personal account manager
  • Cash match bonus
  • Payout up to 88%     
  • Free demo account   
  • 180+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Assets

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

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 TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic
Customer Service Hours: OptionTrade provides 24-hour customer support.
Place Trades Over the Phone?: No

Place Trades Over Phone

No
No

Located In

Cyprus Cyprus

Withdrawal Options:

Credit Card, Bank Wire Transfer Webmoney, Credit Card, Bank Wire Transfer, Neteller

Payouts Percentage

82%

88%

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: OT Trader
Platform Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic, Swedish
OS Compatibility: Mac OS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Deposit Options

Credit Card, Bank Wire Transfer Webmoney, Credit Card, Bank Wire Transfer, Neteller

Trade Types

HY Options offers six trade types:

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

Trading choices at OptionTrade include the usual trading types such as:

  • 60 Seconds
  • Classic Binary Option
  • Long Term
  • One Touch
  • Pairs
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Almost as essential as useful features and customer support responsiveness are pricing plans given by HY Options and OptionTrade. While price should not be a deciding element it’s definitely a significant thing to think about. You should look for a flexible pricing plan that can be adjusted to your company size and easily scaled up every time your business grows. Make sure you don’t pick pricing plans that include additional functionalities that you won’t use and always try to get in touch with the vendor directly as enterprises can often count on special pricing. You should also give a chance to a free trial or demo of each product to spend at least some time using it. It’s a helpful experience that doesn’t ask you to invest any money and gives you a solid overview of what it’s like to work with HY Options and OptionTrade.