Binary options trading has generated a lot of interest among traders and investors around the world. Most of these binary options brokerages are based out of Europe, but the HighLow brokerage is based out of Australia. The HighLow binary options broker is owned and operated by HighLow Markets PTY LTD with their headquarters located at Level 14, Macquarie House, 167 Macquarie Street, Sydney, NSW 2000, Australia.
An impressive aspect of the HighLow binary options broker is that they are licensed and regulated by a reputable regulatory authority. This is uncommon in the binary options industry, yet a very strong asset. HighLow is regulated by the Australian Securities and Investment Commission (ASIC) with their licence number being 364264. With this regulation, the company operates in a very transparent and secure way.
Most of the binary options trading industry comes out of Europe, so when there is a broker based out of Australia it spikes a lot of interest. Traders in the industry are well aware of the numerous brokerage scams and fraudulent practices of some binary options companies. So, is HighLow a reputable and competent binary options brokerage? Let’s find out in our in-depth HighLow Broker Review below.
Excellent Trading Platform
The HighLow trading platform is very well designed and support all of the advanced features a trader needs to succeed.
Variety of Option Types
High/Low, High/Low Spread, Turbo, and Turbo Speed options types.
Safe & Secure
HighLow is probably the safest and most secure binary options trading brokerage available.
Lacking Tradeable Assets
Other brokerages have a wider range of tradeable financial assets.
North American Traders not Accepted
Unfortunately binary options trading is not offered in North America.
HighLow Market options allow you to trade price fluctuations in multiple global markets. Traders need to understand two potential outcomes of an option: will the underlying asset likely go up or will it more likely go down in value?
Commissions & Fees
HighLow is free to trade with. It doesn’t cost anything to open an account, and there are very few fees involved once you begin trading. The HighLow brokerage does not charge any spreads or commissions like other trading brokerages and they even cover the depositing fee when funding your account.
The only fee we came across was a 2% withdrawal fee. As for the payouts, HighLow has some of the highest returns in the industry, with up to an astonishing 200% return on the high or low trading option. Another payout achievable by traders is through spread trading where traders can receive up to a 100% payout. These payouts are exceptional and probably the best in the entire industry.
As for trade sizes, traders have a minimum trade size of $10 and a maximum trade size of $2000. The maximum position per option is $50,000 and the maximum exposure per account is $150,000.
Platform & Tools
HighLow features the easy to use and popular MarketPulse trading platform. The platform provides customers with a smooth and familiar trading experience with an intuitive interface. As well, the platform has an abundance of features providing everything a trader needs to make informative and successful trading decisions. The Traders Choice option provides market sentiment among traders in real time after four executed trades. The platform offers traders either the high, low, or normal trading options, as well, it provides quick expiry options for traders who prefer fast-paced trading. The company has also partnered with Leverate providing safety and security for client’s data.
Mobile trading has become very important to many binary options traders, thus is why HighLow has developed an intuitive application for both iOS and Android devices. The mobile app can be downloaded for free from the Apple App Store and the Google Play Store. The mobile trading app has all the features you would expect and is optimized for all major mobile and tablet devices. It is frequently updated and is just as user friendly as the desktop applications.
HighLow keeps things simple by featuring only one type of account. With only one standard account available to traders, HighLow is able to keep their policies and features more transparent. As well, since HighLow is regulated by a reputable authority, only serious traders are accepted meaning the signup process is more thorough than other typical binary options brokers. In addition to the regular account, traders can test out the platform through the companies live demo account. Traders are given $10,000 of virtual money to practice with in the demo account.
- Minimum initial deposit of $10
- Access to all tools and features
- $50 account bonus
- Amazing customer support
Deposits & Withdrawals
HighLow offers traders a large variety of deposit and withdrawal methods that are very safe and secure. The company specifically prefers e-wallets like Neteller, and credit cards for transactions. Although Nab and Bitcoin are also accepted. For these methods of payment, the minimum deposit is $50, and Bank-Wire transfers minimum deposit is only $10. See below, a list of all the available deposit and withdrawal methods.
- Debit & Credit Cards
- Bank Wire Transfers
As for withdrawals, HighLow offers clients an almost instant withdrawal process but charges a 2% fee on all transactions. All the methods listed above are available for withdrawal except for credit cards. The minimum withdrawal amount is $50 in most cases and withdrawals will be processed nearly instantly for e-wallets and within 1 – 3 business days for Bank Wire Transfers.
The level of customer support is superb with HighLow. They are quick to respond and are very professional with their response. The best way to contact them is through email, while they do offer telephone service with service in English and Japanese. It was surprising to learn they do not offer live chat support, but their responsiveness through email makes up for this. As well, the website has a very informative FAQ section with sophisticated answers to many questions.
Security & Fairness
HighLow is one of the safest and most secure binary options trading brokerages in the world because they are based out of Australia and are licensed and regulated by the Australian Securities and Investments Commission (ASIC). Most other binary options brokers are based offshore and are not licensed or regulated. Also, HighLow holds their client funds in secured and segregated bank accounts at tier 1 Australian banks. The brokerage also employs the latest and greatest security technologies such as advanced SSL (Secure Socket Layer) encryption technology on all transmitted data. Therefore, HighLow clients can rest assured that their personal information and funds will be kept safe at all times. All in all, the HighLow online trading brokerage is very safe, secure, and fair.