Room: ZTrade Australia

Owned and managed by HYCM (Europe) Ltd, Cyprus, HY Options is one of the latest binary options trading ventures to operate out of Cyprus. The trading platform is regulated by the Cyprus Securities Exchange Commission (CYSEC) under the license #259/14. As one of the first few companies that were issued their CIF licenses under a recently revamped CYSEC, HY Options was subjected to a more stringent oversight by the CYSEC and had to comply with the newly enhanced sets of rules. In a sense, the operating standard of HY Options is higher than that which the previous binary brokers were operating by. So although HY Options is a newcomer to the industry, traders can expect a higher standard from them than from many of the previously established brokers.

HY Options’ trading performance is guaranteed with the use of the SpotOption Gen 2 trading platform. With scores of binary options brokers using the same binary trading platform, this is testament to the efficiency and reliability of this platform. In development since 2008, the Gen 2 platform was specifically designed to be easy to use with an attractive interface. For traders who are familiar with this platform, they will know that this platform incorporates some of the best risk management tools around for binary options trading hence giving traders the additional flexibility to adjust their trades according to the dynamic situation in the market.

Trade Types

With HY Options, traders have a choice of 6 different types of trading contracts namely:

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

Gone is the “OptionBuilder” contract which is replaced by “Ladder options” which offers traders more flexibility when it comes to hedging. Overall, HY Options is still able to offer a good range of trading contracts to cater for the various trading styles among binary options traders.

Unique Features

One of the unique features which users will find is that the platform also incorporates a “Popular” tab which is located on the menu bar of the trading platform. With this tab, traders can directly access a selection of assets which are most frequently traded.

As mentioned earlier, HY Options also have a list of well known arsenal of risk management tools. These include:

• Double Up
• Roll Over
• Settle Now

Trading Accounts

As for trading accounts, HY Options boast of having 3 different types of trading accounts. The various trading accounts and their features consist of:

Silver Account

–          Minimum deposit of $100

–          Include an Account manager and Introductory Training

Gold Account

–          Require a minimum deposit of $2500

–          1 professional account manager assigned to the account

–          Include Advanced Training, market reviews and trading signals

VIP Account

–          Require a minimum deposit of $25,000 to open

–          1 specialist account manager assigned to the account

–          Include Professional Training, market reviews, trading signals and deposit bonus of 50%

Payout Ratios

The maximum return that traders can expect from their investments at HY Option is 82% on the standard options. As for out-the-money trades, no rebate is available.

Asset Index

At HY Options, traders can trade in Forex, Commodities, Precious Metals, Stocks and Indices. There are 27 Currency Pairs, 3 precious types of Metals (Gold, Silver and Platinum), 5 types of commodities (crude oil, coffee, sugar, wheat and corn), 40 different market indices and 84 types of stocks for them to select from.

Customer Support

In terms of customer support, HY Options’ website is available in Arabic and English. Access to the customer support team can be done through email, live chat, telephone or phone call back request. With all these options, there should be no problem for traders to get in touch with the support team. Although HY Options claim to have 24/7 support, their live support is only from Monday – Friday, 7:00am GMT – 4:00pm GMT and not every day.

Pros

• Advanced Trading Platform
• Bilingual Customer Support Team
• Comprehensive Educational Package
• Managed by Professionals and Experts in the financial industry
• Mobile Trading Supported
• Regulated by CYSEC
• Segregated Accounts
• Wide range of underlying assets

Cons

• No Rebates for Failed Trades
• Returns are only average
• U.S Traders not Accepted

Conclusion

Although many might think that HY Options is just one of the new binary brokers, it should be noted that they are actually part of the HY Group with decades of experiences in the financial trading industry behind them. Hence, traders can rest assured that they guys are committed to maintaining a high standard in the quality of their services.

Owned and managed by a New Zealand based holding company called Scent Investments Ltd, BinaryTilt is one of today’s leading binary options brokers in the southern hemisphere. Despite the fact that BinaryTilt only came on to the binary trading scene in 2013, they have become one of the most trusted binary brokers among Australian traders. With its headquarter located at #228 Queen Street, 4th Floor, Auckland 1010, New Zealand, BinaryTilt is uniquely different from most other binary brokers in the sense that it is regulated by New Zealand’s Financial Markets Authority (FMA) rather than by the Cyprus Securities Exchange Commission (CYSEC).

Trading Platform

For their trading platform, BinaryTilt has adopted the binary platform that is designed by MarketsPulse, a leading enterprise technology provider for Binary Options operations as well as spot forex trading. Their platforms have been adopted by several leading online brokerage firms such as Oanda and Ava Trade.

While BinaryTilt’s trading platform might not be as sophisticated as the SpotOption powered platform, it is still sufficiently well designed to allow any user to get the hang of its operation after just a few tries. For their traders’ convenience, BinaryTilt has also provided Mobile apps for iOs and Android devices to cater for traders who want to trade on the move.

Trade Types

BinaryTilt’s trading platform supports the following types of options trading contracts:

• High/Low

• One Touch

• Option on Demand

• Range High/Low

While most binary traders might be familiar with most of the above mentioned option contracts, they might not be used to the “Option on Demand” contract. With this type of contract, traders can customize their trades by choosing the expiration time and payout that they want.

Unique Features

The most unique thing about BinaryTilt’s trading platform is the “Option on Demand” trading contract. With Option on Demand, BinaryTilt’s traders have the choice to open several positions on a particular asset at any time while the asset is still being traded.

Another unique thing about BinaryTilt is the fact that they also offer a demo account for those who are interested to test the platform but do not want to risk any real money. We view this feature as being unique for the simple reason that only a handful of binary brokers are willing to provide this facility.

Trading Accounts

To open a live trading account at BinaryTilt, you will need at least a minimum of $350 for the initial deposit. Altogether, there are 6 different types of trading accounts provided by BinaryTilt:

• Basic Account (minimum deposit $350)
• Classic Account (minimum deposit $1000)
• Premium Account (minimum deposit $5000)
• Gold Account (minimum deposit $10,000)
• Platinum Account (minimum deposit $20,000)
• Privilege Account (minimum deposit $50,000)

Payout Ratios

On average, traders can expect a return on their investment between a range of 70% to 80%. Nevertheless, returns of up to 100% are possible for those who are trading with the riskier one touch option.

Asset Index

Altogether, BinaryTilt’s traders have access to more than 100 types of underlying assets covering the commodities market, currency market, stock market and indices market.

Customer Support

In terms of support options, there are several ways available to get in touch with the support team. Traders can do so using the web contact form supplied, email, live chat and the telephone. Service hours are from Monday through Friday 8:30 AM to 5 PM NZDT.

Pros

• Bonus Up To 100% For First Time Deposits
• Free Trading Signals
• Mobile Trading With Award-Winning Mobile App
• Personal Broker & One-On-One Training Classes
• Regulated Broker
• Safety Of Funds (Held With AAA Rated Banks)
• Up To 100% Returns
• Wide Range Of Payment Methods Available

Cons

• Customer Support Only From Monday To Friday
• Live Chat Not Working (Leave A Msg)
• Only 4 Choices Of Trading Contracts

Conclusion

BinaryTilt has always placed integrity and full transparency as their top priority. With this in mind, new traders can rest assured that their funds will be safe in the hands of this broker.

Owned by the parent company IQ Option Europe Ltd, IQ Option is currently one of the most popular binary trading platforms for beginner traders. Regulated under the Cyprus Investment Firm license # 247/14, IQ Option offers binary options traders a regulated environment for which to trade binaries under the most flexible trading conditions. Their minimum deposit requirement of $10 and minimum investment amount of $1 are the lowest requirements among all the binary brokers in the industry.  Together with their no frills proprietary trading platform and coverage of more than 70 different types of underlying assets, traders at IQ Option are assured of a fulfilling trading experience.

Trading Platform

The platform used by IQ Option was developed by a team of specialists in conjunction with input from traders. Designed for both beginners and expert traders, the interface of the platform is easy to navigate while at the same time packed with features.

Unique Features

One of the most unique aspects of IQ Option trading platform is the tools that they have provided traders with. For starters, traders can choose if they want their charts to be displayed as line chart or candlesticks chart. In addition, there are also various technical indicators which traders can select and apply onto their charts to help them get a better picture of the conditions in the markets. To date despite its simplistic appearances, the IQ Option’s platform is the most advanced binary options trading platform ever created.

Trade Types

At present, IQ Option’s trading platform only supports 2 types of option contracts namely classic Call/Put binary options and Turbo options. The Call/Put binary options are options which have their expiry times in excess of 15 minutes. Turbo binary options on the other hand are binary options with their expiry time ranging from 30 seconds to 5 minutes.

Trading Accounts

As for the trading accounts at IQ Option, there is only one type of standard trading account. The reason for this is because IQ Option has opted to keep things simple and accessible which goes to explain why they only require a token amount of $10 as their minimum deposit requirement. They are also currently offering a 20% deposit bonus for first time depositors.

Asset Index

Like all binary options brokers, IQ Option offer traders the opportunity to trade in forex, commodities, stocks and market indices. While the range of assets covered by IQ Option is only slightly more than 70 different assets, they make up for this deficiency by providing the highest possible returns in the industry.

Payout Ratios

With a maximum payout ratio of 92% and a maximum rebate of 60%, the payouts offered by IQ Option are one of the highest in the industry. At present, no other binary broker can come close to what is being offered by IQ Option.

Customer Support

Customer support services at IQ Option are on a 24/7 basis. The mode of contact with customer support is either by email or through the telephone.

Pros

• Free Demo Account
• Maximum Rebate Of 60% For OTM Trades
• Professional And Transparent Broker
• Regulated Broker
• Sophisticated Trading Platform
• Up To 92% Payout Ratio
• Welcome Bonus up to 100%
• Wide Ranging Of Advanced Trading Tools Provided

Cons

• Lack Of Localized Telephone Support
• More Assets Should Be Added To Their Asset Index
• Only 2 Types Of Options Contract Available

Conclusion

At present, IQ Option offers binary traders the best trading conditions in the binary trading industry. So far no other binary brokers have been able to match their payout and rebate ratios. Their low minimum deposit requirement and minimum investment amount have also made binary trading extremely affordable.

Based in Cyprus, 24option is binary broker which is a strong favourite among many binary traders today. This is largely due to the fact that this broker is a proactive broker that offers many incentives to its traders on a regular basis. It is not uncommon for traders to regularly find 24option offering cash prizes running into thousands of dollars for their monthly trading competitions. Formerly owned and managed by CBAY Financials, 24option today is under the management of a different holding company called Rodeler Ltd since late last year. The broker is still regulated and licensed by the Cyprus Securities Exchange Commission (CYSEC) under the license number: 207/13.

The trading platform offered by 24option to its traders is one of the most innovative trading platforms around. While most binary brokers rely on the two leading third party trading platform providers such as SpotOption or Tradologic to supply the trading engine, 24option has chosen to take a different path by using the trading engine supplied by Tech Financials. The end result for traders is a unique trading experience in safe and secured trading environment.

Mobile Trading

Mobile trading is also extensively supported by 24option. With a secondary website optimized for smartphones and other mobile devices, traders who are constantly on the go can also easily access their accounts, check the markets and make trades without having to use a dedicated computer.

Trade Types

There are four main types of trading contracts offered by 24option. These include:

• Classic Binaries

Consist of Above/Below and High/Low options

• One Touch Binaries

Comprises of Touch/No Touch and High Yield Touch Binaries

• Boundary Binaries

Include Standard Yield and High Yield Boundary Options

• Short Term Binaries

Binaries with short expiry times ranging from 30 seconds to 5 minutes.

Trading Accounts

Opening a trading account at 24option is easy. Traders just need to make a minimum deposit of $250 when they sign up with 24option. As for the types of trading accounts, 24option offers traders a choice of 4 different types of trading accounts, Standard accounts, Gold accounts, Platinum accounts and Diamond accounts.

• Standard Accounts

No restriction to types of assets traded

24 hours customer support

Max pay-out is 83%

• Gold Accounts

Apart from all the benefits of a standard account, gold account holders also earn an extra 2% on their investments + 1 free withdrawal per calendar month

• Platinum Accounts

Benefits of standard and gold accounts plus an additional 4% per trade unlimited free withdrawals

max pay-out is 89%

• Diamond Accounts

Benefits an additional 6% per trade unlimited free withdrawals

A free demo account facility is also provided but traders are required to place a deposit of $250 first before they can gain access to this facility.

Payout Ratios

As for the returns offered by 24option, their rates are one of the highest in the industry with a maximum payout of 88% for in the money trades. Out of the money trades are also entitled to a rebate of up to 15% of money invested.

Asset Index

With more than 100 different types of underlying assets, 24option asset list is one of the most comprehensive that we have ever seen. Considering the fact that there are 4 main types of trading contracts, this meant traders have extensive choice of trades that they can make.

Customer Support

It has been said that the quality of 24option’s customer support is second to none. With support in 17 major languages, it is different to find another broker in the industry that is more trader’s friendly than 24option. Access to the support team is by means of email, live chat and telephone. As an added benefit, international traders will find that there is also a long list of toll free and localized numbers which they can call to reduce their telephone charges.

Reliability

• Long Established Broker
• Member of the Investment Compensation Fund (20,000 Euro in Protection)
• Regulated and Licensed Broker by CYSEC
• Reputable Broker in the Industry

Pros

• Dedicated Customer Support
• Attractive Range Of Incentives And Benefits
• Large Cash Prizes For Trading Competition
• Multiple Languages Supported
• Unique And Secured Trading Platform
• Wide Coverage Of Markets

Cons

• Demo account require deposit of $250 before access is granted

Conclusion

In our opinion, there is no binary broker around which come close to the quality of services offered by 24option. In addition, the range of incentives that 24option offer to traders is certainly one of the most attractive around. In fact, it is difficult to find any fault with this broker.