Advanced Tools & Features in Binary Options

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Advanced Tools and Features in Binary Options

Updated on: 6 January 2020

Some binary options brokers offer advanced features that traders can use to their advantage. However, some traders might find them confusing and actually believe that all the advanced features that are offered by some brokers actually complicate things even more.

However, this isn’t necessarily true. In fact, it’s not true at all. All the advanced features in binary options trading, such as closing a position before the expiry, extending the expiry and more actually offer and advantage to traders.

On this page we’ll discuss all the advanced binary options tools so that you can use them to your advantage next time you trade. Understanding these tools will allow you to considerably increase your profit margin in binary options trading.

Advanced Features in Binary Options

There are many advanced features in binary options and some of them might be unique to some brokers. On this page we’ll discuss the most common special features that are the options builder feature, the expiry extension feature, the close feature and the double investment feature.

Options Builder Feature

The options builder tool is one of the most popular tools in financial trading. This tool allows traders to create their own trading contracts. In other words, traders will have the possibility to choose their own expiry times, set their own investment amount and decide on their own payout rates.

Regular binary betting contracts always come with predefined payout rates, expiry times and other characteristics. This means that your usage of trading strategy will be limited. However, if your broker has an options builder feature then you’ll be able to create your own options.

Close Options Before the Expiry

Another very useful tool is to close your trading contract before the time of the expiry. This function will be extremely useful in those situations when you know for sure that your prediction will not come true. In this case, you’ll have the possibility to close your options contract.

Closing your contract will allow you to recover some of the money invested back. How much money you’ll be able to recover depends from broker to broker. Most commonly, you can recover between 50% and 90% of your initial investment. – Much better than losing 100% of your investment.

Extend an Option’s Expiry Time

Yet another great feature in binary options is the possibility to extend the expiry time of a contract. This tool will come in handy in situations in where you’re very close to the original expiry and it appears that your prediction will not come true by the time of the expiry, however it would come true shortly after the expiry.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

These are extremely annoying situations. Knowing that you will lose, however, if you’d have just 1 minute more on your disposal you’d win for sure is very frustrating. Some brokers have a remedy for this frustration, which is offering the possibility to extend the deadline of your option.

Most commonly, you’ll be able to extend the expiry of an option with 1 to 10 minutes. This is more than enough to make an accurate prediction. However, in exchange the broker will require you to place a new bet of around 10% to 30% of the original bet. – If you win, you will of course win 10% to 30% more than originally.

Double the Investment Amount

Some brokers also give traders the possibility to double their investment amount after financial trading contract has already been purchased. This tool gives traders the possibility to invest additional money in a binary options contract they are sure they will win.

In case a trader is sure that a purchased contract will be 100% successful, then it’s definitely advantageous to double the initial investment amount. This tool also allows traders to place very low investments initially and only increase the original investment amount to the originally intended amount when they are sure that the contract would be won.

Which are the Best Tools to Use?

In our opinion, all the tools that were described above are very advantageous to use. Every tool has its unique advantages. Initially we intended to rank these tools based on their usability but all of them are equally useful in their unique way.

The closing position tool allows traders to recover most of the money invested in an unsuccessful trade, while the double the investment feature allows traders to generate even larger profits on trades that they think can be won with 100% certitude.

However, these tools should only be used responsively and when traders are 100% sure about the outcome of a contract. The doubling the investment feature offers the most opportunities to win more money but it also poses the most risks. In case traders’ prediction will actually turn out to be false, then they’ll lose two times as much money as initially intended. But if we really want to make a toplist of the most useful features in binary options then perhaps the options builder feature will rank the highest. This feature offers a great flexibility to traders, allowing them to create their own expiration times, payout rates and investment amounts.

If you want to become a winning binary options trader then don’t be afraid to use these features in case your broker offers them. Just make sure to use them only when you’re sure about what happens next regarding your option and the movement of the underlying asset.

If you want to learn more about binary options trading and want to become a successful binary trader who is able to generate consistent profits then read our additional educational and strategy articles. Becoming a winning trader is a choice. – This choice begins by learning the basics that are described in our additional articles.

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Deriv BETA

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SmartTrader

Trade in the world’s financial markets with a simple and user-friendly online platform.

Tick Trade Android App

Enjoy our fastest type of trading with our Tick Trade app, wherever you are.

Binary.com desktop app

Access our products and services from a single app.

MetaTrader 5

Trade Forex, CFDs, and binary options with a powerful platform recognised as the global standard.

Binary WebTrader

Monitor the movements of your favourite assets and markets at the same time.

Binary Bot

Automate your trading strategies with our simple, “drag-and-drop” bot creation tool.

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Study financial data to forecast market movements using our charting tools.

TradingView

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In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

Outside the EU, financial products are offered by Binary (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).

This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, Japan, or to persons under age 18.

The products offered via this website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.

In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

In the Isle of Man and the UK, Synthetic Indices are offered by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles; licensed and regulated respectively by (1) the Gambling Supervision Commission in the Isle of Man (current licence issued on 31 August 2020) and by (2) the Gambling Commission in the UK (licence reference no: 39172).

In the rest of the EU, Synthetic Indices are offered by Binary (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta; licensed and regulated by (1) the Malta Gaming Authority in Malta (licence no. MGA/B2C/102/2000 issued on 01 August 2020), for UK clients by (2) the UK Gambling Commission (licence reference no: 39495), and for Irish clients by (3) the Revenue Commissioners in Ireland (Remote Bookmaker’s Licence no. 1010285 issued on 1 July 2020). View complete Regulatory Information.

Binary.com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, or to persons under age 18.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

7 Binary Options

There is a newer binary options broker called HY Options that is getting people’s attention. It got ours too and that is why we decided to feature them here. They have a smooth trading platform that is user friendly and offers their traders some very nice risk management tools too. They are also a broker that is registered so that gives us a lot of confidence in them.

Basic information:

Online since: 2020
Jurisdiction: Cyprus
Software: SpotOptions
Max Returns: 82%
Bonus: 10% Up To $5,000 (Applicable only for HYCM Ltd)
Minimum Deposit: $100
Minimum Investment: $5
Maximum Investment: $1500
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All But US, Iran, Iraq

– It is a site with a very user friendly platform
– It has a large amount of binary option choices
– Large amount of assets to choose from
– Fast withdrawal processing times
– Low minimum withdrawal amounts

– Only simple loyalty bonuses given

7 Binary Options Rating:

Special Features

The website itself is a product that is run by a company called FTSL Financial Trading Solutions Ltd. Their practices are overseen by the respected CySEC regulating body and they are registered with license number 259/14. People sometimes do not recognize how important it is for binary options brokers to be regulated these days (Binary Option Robot, Banc de Binary, 24option, IQ option); regulating bodies have strict rules about how those sites that are registered under them protect their clients deposits and funds. This should give any customer peace of mind that this web broker is not a scam.

Here are the account offerings on HY Options:

  • HY Options Silver Account

An investor needs to deposit at least $250 in an account in order to obtain this account level on HY Options. They will get introductory training and also be assigned an account manager when placed at this account level.

  • HY Options Gold Account

An investor needs to deposit at least $2500 in an account in order to obtain this account level on HY Options. They will get advanced training, free trading signals, market reviews and also be assigned a professional account manager when placed at this account level.

An investor needs to deposit at least $25,000 in an account in order to obtain this account level on HY Options. They will get advanced training, free trading signals, market reviews, up to a 50% sign up bonus and also be assigned a specialist account manager when placed at this account level.

As you can see HY Options only offers simple bonuses and even those only kick in at the higher account levels. If you enter into an account level that does have a sign up bonus you will probably not be happy with the minimum account turnover required before you can withdraw any bonus money; currently that requirement is trading 40 times the amount of your initial account deposit. That is well above average for the industry. It must be noted that you are not obligated to accept the bonus and we respect any site that gives investors that option.

Screenhot

Trading Platform and Assets on HY Options

HY Options showed good judgement when choosing the popular SpotOptions to be their website’s trading platform software provider. It is software that never fails to deliver both superior performance and an easy to learn and use interface. That gives HY Options the ability to support many different option types and many different strategies to use these option types with. We really enjoyed placing trades with this web broker.

Here is a list of all the popular binary option choices that can be traded on with HY Options:

  • High/Low
  • 60 Seconds
  • Long Term
  • One touch
  • Option Builder
  • Ladder Options
  • Pair Options

This will give any investor an opportunity to find an option choice that fits any trading style. Of course we like any website that offers our favorite option choice which is pairs trading. There are even in trade options such as ‘double up’ which can significantly add to a traders return on investment.

If you have a trade that ends close to your target price at expiration you can invest an extra 30% and extend the expiration time too. There is even a ‘sell’ feature which allows a trader to get back a portion of their trade if it looks like it will end up out of the money; this can be done up to 1 hour before expiration in most cases.

It will give any trader a lot of peace of mind when they can combine the number of option choices with HY Options excellent risk management tools. You really do get the best of both worlds when using HY Options.

The new leverage for UK and EEA* clients is up to 30, while clients from the Rest of the World will still receive leverage up to 200.

*EEA Countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.

HY Options Support Services

The support services on HY Options are very well organized and very professional. They are also a company that is very transparent with their business practices because they are regulated by the reputable CySEC binary options oversight group as we mentioned before. CySEC has strict guidelines that all its members must abide by or they will lose this prestigious certification.

There are 3 ways in which investors can contact HY Options customer support; they are by phone, email or live chat. They were very responsive when we tried to contact them by each method but the only drawback was their customer support is not available 24/7. Their support hours are from Monday – Friday, 7:00am – 4:00pm GMT. Customer support can also be done in several different languages including English, Russian, Arabic, French and Chinese.

HY Options Banking

There are several methods and investor can make deposits and withdrawals with on HY Options. These include such things as MasterCard, Visa, Skrill, PayPal and Neteller. The site is 100% sure and uses SSL encryption to protect your sensitive data. They also have strict identification requirements to protect you when banking with them also.

Most withdrawals are processed within one day if all the instructions for withdrawing are filled out accordingly. Minimum withdrawal is only a very low $20; however, withdrawals under $300 are subject to a $30 fee so that figure is a little misleading.

Our Final Thoughts

Overall we give HY Options passing marks but as you can tell by our pros and cons list there were still a few things we took issue with such as the high bonus turnover requirements and the $30 withdrawal fee for withdrawals that were under the amount of $300. We loved the trading platform and all the variety that it gives any investor the ability to trade the way they like. If you don’t mind the few cons we listed, then we have no problems recommending that you give HY Options a try.

Additional information

Languages: English, French, Russian, Arabic, Chinese

Trading Options: High / Low, One Touch, 60seconds, Long Term, Option Builder, Pair Options, Ladder Options

Assets: Currencies, Stocks, Indices, Commodities

Early close: Yes

Expiry Times: 60 sec, 2min, 15 min, 24h, 24 hr+, End of Day

Deposits and Withdrawals: Visa, Mastercard, Bank Wire

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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