Binary options trading is a great way to make additional income, and HYoptions is one of the most popular brokers around. HYoptions offers some interesting trading opportunities, assets and features that can be considered superb, compared to other brokers.
Still, many traders are wondering if this broker is a scam or a good and reliable choice.
HYoptions Scam Status
HYoptions has been around since 2015, which is not a long period of time, but still, this binary broker managed to create a good portfolio with amazing customer support and operate in a legal way.
By this, we mean that HYoptions is not a scam but fair and regulated broker. HYoptions is owned by company HYCM (Europe) Ltd, that is based in Cyprus. The company is located at Spyrou Kyprianou Avenue 15, Matrix Tower II, 1st Floor, Mesa Geitonia, CY-4001 Limassol. HYoptions is a Cyprus-based broker by all means.
HYoptions, and the company behind it are operating legally thanks to their CySEC license. HYoptions license number is 259/14 and it allows them reception and transmission of orders in relation to one or more financial instruments, as well as the execution of orders on behalf of clients.
As already mentioned, HYoptions is a CySEC regulated broker that is providing superb service. For example, HYoptions can’t add a bonus as they like, but must have trader’s approval. Also, all withdrawal and complaints procedures are defined, and traders’ funds are kept on separate accounts. Thanks to this approach, traders have great experiences with HYoptions.
Fair Binary Options always has a customer support that is ready to help traders who encounter problems with their broker. Luckily, we received no complaints regarding HYoptions, and traders have no issues when trading with this broker.
Of course, it is important to remember that sometimes traders underestimate the risk in binary options trading, and blame the binary broker after they lose all their money. For this reason it is always good to read reviews, find out more about the broker, and make a decision whether it is a scam or not. HZoptions has a license from Cyprus, which means that trading with this broker is very safe and traders can relay as the now that regulators have their back.