HY Options is a CySEC regulated binary options broker which set up operations in 2015 and provides trading on a large portfolio of over 200 assets including forex, metals, commodities, indices and stocks. With excellent payouts of up to 82%, HY Options gives traders the opportunity to trade with one of the industry’s best brokers while benefiting from transparent pricing, no commissions or hidden fees and clear-cut withdrawal policies.
HY Options offers a range of withdrawal methods including credit card and bank wire transfer with a simple withdrawal procedure that can be undertaken in minutes. Traders are also assured that any help needed with their withdrawal requirements will be dealt with by a highly effective customer service team by phone, email or chat from Monday – Friday, 07:00 GMT – 16:00 GMT. Furthermore, a withdrawals page together with a selection of FAQs can be located on the website answering key questions about customer transactions.
Although HY Options is a fairly new broker, it has quickly established a name for itself in the trading community. Its withdrawal policy is clear and well structured which should give clients the reassurance they need when initiating a withdrawal with them. In the following, we take a look at HY Options’ withdrawal policy and track record to see whether traders can expect fast and trouble-free withdrawals.
HY Options Withdrawal Steps
HY Options prides itself on transparent and efficient fund withdrawals which can be completed via the online form and are designed with their traders’ security in mind. Funds will be transferred back to the original source used to fund the account but in cases where this is not possible, HY Options will transfer the funds to an identified bank account.
For compliance purposes, several security checks need to be completed before processing a withdrawal and in this respect, HY Options will ask for photo ID, proof of address and a copy of the credit card used. Although HY Options processes withdrawal requests within 72 hours, banks can take 4-8 working days to credit the funds onto a card statement.
HY Options Withdrawal Methods
HY Options allows its clients to withdraw funds via a selection of payment methods including debit/credit card (Visa & MasterCard) and bank wire transfer. Its withdrawal policy allows for timely execution of all transactions with the added comfort and security of international banking standard protection. The minimum withdrawal amount is $20. Traders should note that a processing fee of $30 is charged for bank wire withdrawals of $300 or less.
HY Options Bonus Withdrawal
HY Options provides its clients with a variety of periodic bonuses. Regarding the withdrawal of bonuses and their profits, traders should observe HY Options’ bonus terms and conditions which state that the bonus and profits earned can only be withdrawn once a trading volume of 40 times the bonus amount has been reached. In the event that the whole or part of the deposit on which the bonus is given is withdrawn before the required volume, the bonus will be cancelled and removed from the account.
HY Options Withdrawal Summary
HY Options is a reputable binary options broker and although it is fairly new in the industry, it is actually part of the HY Group with decades of experience in the financial trading arena behind them.
Its withdrawal process is transparent and easy for traders to understand with clear instructions on their website. With a variety of payment methods and an easy, step-by-step withdrawal procedure, traders can expect a fast and smooth process backed by an efficient customer service team whenever assistance is required.
In terms of customer feedback, we have researched HY Options in depth but have not found any complaints online about them, unresolved or otherwise. Therefore, given their financial trading background and the fact they are bound by CySEC, we can safely assume they are a legitimate broker which honestly fulfills its withdrawal obligations. HY Options goes as far as listing a complaints email address on their website: firstname.lastname@example.org so you know they are completely professional.
We always recommend that clients read each broker’s terms and conditions and in the event of a complaint, to get in contact our Broker Complaints Service which provides assistance in resolving any outstanding withdrawal issues.