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Software HY Options vs. IQ Option

Choosing the best binary option trading srevice for your organization is not that easy with too much features, options, and offers to consider. However, using our review directory will help you to simplify the selection process by getting all crucial services in one location. As an illustration, you can compare IQ Option and HY Options for their functions and overall scores, namely, 8.5 and 8.0, respectively. Likewise, you can see which service has better general user satisfaction rating: 99% (IQ Option) and 96% (HY Options) to determine which service is better. Don’t just pick the solution with the lowest minimum deposit, but the one that offers the most cost-effective value.

Software

HY Options

VS

IQ Option

VS

Total Score

Our Score

8.0 ?

Our Score

8.5 ?

Client Experience

Client Experience

96% ?

Client Experience

99% ?

Minimum Deposit

$100

$10

Accepts US Clients

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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.

IQ Option’s trading platform differs from most generic platforms. Asset selection is done using a tab system placed on top of the price chart. A drop-down list placed on the right side of the tabs offers more assets.

There are action buttons for the option types (Call/Put) you want to buy. IQ Option offers predefined amounts such as $10, $20, etc. that you can choose. Alternatively, you can also key in the amount in the amount box. The personal cabinet section shows your banking transactions and trading history. It also hosts the customer support option. The trading platform also supports mobile trading with iOS and Android apps.

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

Assets

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

Withdrawal Options:

Credit Card, Bank Wire Transfer Webmoney

Deposit Options

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

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.
TICKETS
Customer Support Languages: English, Spanish, Russian
Customer Service Hours: IQ Option offers customer support from 9:00 AM to 11:00 PM
Place Trades Over the Phone?: No
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Located In

Cyprus Cyprus

Phone

357 25 245750 74956680633

Email

info@hyoptions.com support@iqoption.com

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

IQ Option offers a free demo account and two types of trading accounts:

Real: Minimum deposit is $10

  • Bonuses up to 80% on each deposit
  • Up to 45% return in case of a wrong prediction
  • Over 70 assets

VIP: Minimum deposit is $1000

  • Bonuses up to 100% on each deposit
  • Up to 60% return in case of a wrong prediction
  • Over 70 assets

Payouts Percentage

82%

92%

Trade Types

HY Options offers six trade types:

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

You can choose between the classic High/Low binaries and the faster Turbo trade feature.

Payout ratios

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

Returns can go as high as 92%.

Place Trades Over Phone

No
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: In-house
Platform Languages: English, Spanish, Russian, Chinese, Arabic
OS Compatibility: Mac OS, Windows, Android
Streaming News Feed: No
Email Alerts: Yes
Mobile Alerts: Yes

Comission

No
No
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Product Comparisons

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No Binary Options Brokers will be able to solve all the needs of a company. Though key features of IQ Option and HY Options are obviously a priority you should also carefully explore the integrations provided by a given product. Very often your team will already be working with other types of SaaS software in your company and it’s much better to go with products that integrate well with each other. If you do that you will be able to guarantee a reliable exchange of information between your teams and apps, which can significantly reduce time spent on migrating between one solution and the next.