Highlow broker review regulated binary options broker
Since its inception in , HighLow has been serving clients from all over the world. And over the years, the broker has earned a reputation of being a transparent and trustworthy broker. It is one of the handfuls of binary options brokers in the world that does not have a call centre operation. In other words, this broker does not pursue aggressive marketing tactics for its products and services. As mentioned earlier, HighLow has earned a reputation among binary traders in the online trading community as being one of the few brokers that is trustworthy and transparent.
While the bulk of the binary options brokers around the world have opted to shift their operations to a tax haven country in the Caribbean, HighLow has chosen to remain in Australia under the jurisdiction of the Australian Securities and Investments Commission ASIC.
ASIC is one of the few financial regulatory bodies in the world that is highly regarded in the financial industry as being strict, as well as professional. In other words, HighLow is able to offer its clients the peace of mind that their money will be safe with the broker.
For access to the financial markets, HighLow has opted to adopt the white labeled trading platform provided by Markets Pulse. While the trading platform does not have as many features as the popular SpotOption binary trading platform, it is well designed to suit the needs of traders who are just beginning to take up online trading. The main difference between the normal option contracts and the spreads options contracts is the fact that the expiry for the latter is extended to cover a range of prices rather than a single price level.
Traders can also check out their account status and keep themselves updated with a live news feed that is streamed through the mobile trading platform. As for traders who are unsure of whether to commit to a signing up with HighLow, they can actually opt for the demo account first. The demo account is provided free of charge by HighLow and does not even require you to register.
While the services at HighLow are exceptional, we noticed that they are a little lacking with regards to the list of available underlying assets. Their asset list is not as extensive as what most binary brokers are offering in the industry. Currently, HighLow has only 43 different types of assets.
Nevertheless, the available assets are able to cover different asset classes such as currencies, commodities, and market indices. Customer support is another area which HighLow is sorely lacking. At present, you can only contact their support team through email and the telephone. You can also trade the short-term expiry options under Turbo and Turbo spread. There are many different expiry times available for trading.
The shortest expiry time for the binary option contracts are second expiries, and traders can also choose second, 3-minute or 5-minute options. Considering the trading interface is browser based, the trading indicators are limited.
The charting interface displays the price in area only and offers little in terms of aiding in any technical analysis. Regarding the selection of assets available for trading at HighLow, the choices are limited.
There are a total of 17 currency pairs that can be traded on top of gold and 7 indices, which includes the Dax 30, the CAC40 and the Australia Stock options are not offered. You can find all binary options on one page, or you can select by asset and expiry time.
The quick demo is available on the app as well, so you can easily test it and perform some trades before you go live.
You can download the free app directly from iTunes and Google play stores and access your trading account. However, it is really easy to start the HighLow demo and purchase options directly on the web platform. All types of options and expiries are available, and you can see exactly what your live trading would be.
Traders must know they need to pass through verification during the registration process. If you skip this process, you will have to manually send a copy of your ID. After the account is approved, traders can make a deposit. You must fund your account before option contracts are issued to you. The offered binary options are not standardised, and HighLow sets the terms of an option contract.
Traders can seek potential profit during news releases. The choice of expiry times for the contract varies, meaning that there is flexibility for traders. What makes this offer quite friendly is that there are no strings attached, meaning that traders can withdraw their funds at any time. HighLow runs a loyalty program for all traders with live accounts.
There are four levels available, and traders can reach a higher level by increasing trading volume. HighLow accepts a wide range of deposit and withdrawal methods. Traders can choose from credit card funding, which includes MasterCard and Visa payments and e-wallets, such as Neteller. Bank withdrawals are processed twice a day. Credit cards and e-wallets withdrawals are executed instantly. There are no fees for making deposits, but withdrawals via Credit card and Neteller include a 1.
There are no withdrawal limits. Additionally, there are over 35 other payment methods that can be used, including a host of e-wallets and Bitcoin payments as well.
For any questions or for problems, traders can use the HighLow customer support, which can be reached via a local toll-free number in Australia and via email. The web page offers a vast database of customer queries, which answers some of the most commonly asked questions, and in many cases, this is more than enough. Still, if traders face some unique problems not covered in the customer resources or the FAQ page, then they can contact customer support via phone weekdays Highlow Markets Pty Ltd Address: The company is licensed to offer financial services, which are covered by the ASIC regulations.
Wrapping up the review for HighLow, I can see that the ASIC license, along with the client money protection scheme, are two aspects that really stand out and make this broker very strong.
There is a lot left to be desired, however, in terms of having wider choices in trading assets and charting tools. The top high payouts and instant withdrawals make HighLow the perfect choice if you decide to trade binary options. Skip to main content. HighLow Review You are here Home. Expiry time There are many different expiry times available for trading. The regular expiry times start at 15 minutes and include 1-hour and up to one day expiry times. Indicators Considering the trading interface is browser based, the trading indicators are limited.
Assets Regarding the selection of assets available for trading at HighLow, the choices are limited. Live account Traders must know they need to pass through verification during the registration process. Loyalty program HighLow runs a loyalty program for all traders with live accounts. Deposits and withdrawals HighLow accepts a wide range of deposit and withdrawal methods. Customer Support For any questions or for problems, traders can use the HighLow customer support, which can be reached via a local toll-free number in Australia and via email.
Company HighLow Company Name: May 10th, Regulated by: HighLow reviews by traders Wrapping up the review for HighLow, I can see that the ASIC license, along with the client money protection scheme, are two aspects that really stand out and make this broker very strong.
Hello, thank you for the very informative HighLow review. It is a bit frustrating that traders in the US are forced to use off shore shady companies instead of regulated brokers. Sat, 08 Jul Log in or register to post comments.
HighLow, on the other hand, provides over the counter derivates, which are not exchange rated. The binary options at HighLow are for speculating indirectly on a range of underling securities without having to own and pay the full value of the security. Hello, I am from the Netherlands and I have been using HighLow for some time now and I like the instant withdrawals, but please explain how the spread options are calculated? How is that work?