Is HighLow a Scam
Since the HighLow binary options broker was included in the list of 7 Binary Options recommended brokers, the company has not received ant negative trader reviews or feedback, regarding any of its services. On the contrary, the broker continues to be one of the leading providers of outstanding and highly satisfactory binary options trading platforms today with the binary option robot. The associated costs of trading through the HighLow trading platform are very low, making the broker a favorite choice for many traders in different parts of the world. Additionally, the company has continued to offer fascinating investment opportunities for its customers, since its inauguration back in 2014. The features and experiences offered by this broker are also worth trying out before making uninformed decisions based on unfounded claims or rumors that the site is a scam. Throughout this article, we will try to elaborate why this site is an outstanding investment partner for binary traders.
For the period that the company has been a member of 7binaryoptions, all we have received from the traders is praises and positive reviews for the site, rather than complaints. A good number of traders using this trading platform have praised the company for offering innovative and state-of-the-art trading technology as well as practical solutions. Based on experience gained after reviewing tons of binary options brokers, many traders using scam bakers will complain about the withdrawal. For instance, the fraud sites will delay the verification process, processing of the withdrawal requests and delays in processing traders deposits into their accounts. This has never been witnessed on the HighLow trading platform. This is an indicator that the site is a reputable trading partner. It is quite normal not to trust a broker the first time you encounter them. As you continue trading with HighLow binary options, you will come to realize that the site is actually genuine and committed to its clients in every aspect. As such, there is no point of being nervous when dealing with this broker, just take the first leap to a successful trading experience with HighLow binary trading broker.
The other reason why this is an excellent broker is the fact that it is regulated by the relevant bodies in Australia. This is to day that the trading processes of the company have been tested and proven to be of satisfactory quality by the relevant overseeing bodies in the country. The regulatory body we are talking about in this regard is the Australian Securities Commission (ASIC), one of the well renowned regulatory bodies in the world. Being the regulating body for the financial intermediaries in Australia, much of its reputation may be attributed to the fact that the body ensured that the banking system in the country experienced no negative growth, during the Great Recession that was experienced in the country in 2009. Since HighLow is regulated by this ‘watchdog’, it is very unlikely that traders can experience any fraud activities while using this broker.
Despite the fact that HighLow is a rather new player in the industry, as compared to the leading brokers, the company has taken all the necessary steps to prove to their clients and potential traders in binary options that it is not a scam site. In the same regard, the company has maintained a clear record of zero fraud tolerance for the period it has been in business. Just like the other binary options brokers today, the activities of this broker are constantly monitored by 7 Binary Options to identify any scam activity on its trading platform.
Is HighLow a Regulated Broker?
Currently, regulation on the part of the binary options brokers is among the key considerations that many traders are making prior to investing with any given broker. This is why an increasing number of brokers in the UE are striving to be licensed and authorized by the relevant bodies in the region. This drive has been initiated by the traders in binary options because they simply do not have the time to scour the internet for reputation and scam reports related to any broker they come across. Instead, the traders are simply checking whether the broker is regulated or not, before deciding to trade with the broker in question. Although being regulated does not necessarily guarantee that you will get quality services from a binary options broker, it is a key consideration that is used to set aside the genuine brokers from the scam one. In this regard, HighLow is a duly regulated broker, which serves as a guarantee that the company is not fraud. Many traders feel safe investing with regulated because their money is safe and secure with such brokers.
Again, HighLow binary options broker is regulated by one of the popular bodies across the world, the Securities & Investment Commission. This body is well renowned for ensuring proper financial customer conduct and financial stability in the institutions it regulates. In addition to the prove of this regulation being displayed on the HighLow website, traders can also view the regulation permit by this body for HighLow on the Australian Securities & Investment Commission website. Additionally, you can also have a look at the ASIC MoneySmart portal for more information, regarding how the body woks and what is done incase a fraud case is reported. This should serve as substantial evidence that HighLow is actually a reputable and reliable broker with zero tolerance o fraud activities on its trading platform.
The fact that this company went an extra mile to guarantee the safety of funds deposited by their customers is a clear indicator that it intends to conduct honest and genuine business with traders on its binary options trading platform. The regulation of the broker, in addition to the segregated accounts feature imposed by the broker, the broker cannot access to or influence the way a client’s money is spend. Such measures have been put in place to ensure that the traders’ money stays safe and secure in their accounts. In case a trader happens to lose his of or her money while using the HighLow trading platform, the broker has certain measures in place to trace and refund the lost money to the trader. This feature tends to cover individual retail traders and excludes the institutional investors.
The fact that this broker is regulated by ASIC ensures that the binary options traders using this platform can have access to their unclaimed funds any time they want to. Such information can be found on the MoneySmart page of the ASIC website. Such regulation allows this broker to focus solely on the long term branding and success. In the long run, the company intends to be one of the best providers of binary options trading services in the world.
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7 Binary Options has not reported any complaints related to the services of this broker. This is to say that none of the traders on the HighLow trading platform have anything to complain about the services offered by this company. For many years, 7 Binary Options has been offering outstanding and honest reviews on various brokers in. additionally, it is also a place for brokers to understand how they are faring and the complaints being placed by the traders using their platform. Over the years we have been in operation, we have strived to offer transparency in the binary options trading industry by shedding light on the scam sites and researching on the claims made by various brokers to ascertain whether they are true. In this regard, our reviews are genuine and based on facts. If the broker is good, we will tell you and provide substantial evidence to this effect. However, if the broker cannot live up to its promise to the clients, we will definitely notify you to steer away from such brokers and keep you money safe. Since no complain has been recorded for this site, we did some research to know whether the broker is actually genuine and from the information we gathered, the broker is trustworthy.
We are also confident that no complaints will be recorded in the near future, regarding the services of HighLow binary options broker because it is regulated by a good body. From experience, the brokers regulated by ASIC in Australia always have clean track records and outstanding performance. The broker also has a reliable response system in p[lace for its customers. If a trader has an inquiry to make or complaint regarding any of the services offered by the company, they only need to communicate the same to the customer care representatives at HighLow and their concerns will be addresses swiftly. This is another bone of contention when it comes to money matters; traders are content with brokers that offer fast and helpful customer services. This again makes HighLow a dependable broker.
For the years HighLow has been in business, it has strived to achieve unmatched rates of customer satisfaction. In this regard, the company offers a trading interface that is seamless and user friendly. This not only allows traders to open new trades and profit from the platform in real time, but also gives the traders quality trading experience. There are certain brokers in the industry that use choppy platforms to corn their customers. In other cases, the scam sites will use fraud ways to introduce glitches into their platforms, hence close the trades only when the condition is not favorable to the trader.
For this and many other reasons, it is advisable to opt for a broker that is regulated by a reputable body, such as ASIC. Such bodies will keenly monitor the activities of the broker on and off their platforms to ensure that everything is up to the required standards. In addition to being regulated, the platform at HighLow uses a high dynamics data feed that offers price quotes of high quality.
HighLow Demo Accounts
Currently, a good number of binary brokers, even the most reputable ones are lacking demo accounts for new traders. As such, only a few brokers are offering quality demo accounts that work on real charts for new traders to practice this trade and learn the various trading techniques. Some companies will avoid this feature simply because it puts pressure on their real trading platforms. Again, some brokers will also impose a requirement that the trader must make the initial deposit into his or her real trading account for him or her to be able to access a demo trading account. This is partly because traders have misused these demo accounts in various occasions in the past. As such, such traders are in need of prove that the trade is serious about trading in binary options prior to giving him or her access to a demo trading account.
Regardless of the case, traders, especially the new entrants into this trade need a free and risk-free account to fine tune their skills in trading binary options and learn the various trading strategies. Additionally, traders are also keen to learn how the platform on offer by the broker works before investing their money in it. HighLow is one of the few brokers today that understand this need. As such, they are offering risk-free demo accounts to their traders. Such accounts make use of real-time charts and graphs, which prepare the traders for trading in real markets and using a real binary options trading account.
The demo accounts on offer by HighLow are not actually accounts that need log in details to access. All you need to do is visit the broker site and click on the demo link on the website. This will help you navigate to a risk-free demo account that is loaded with 1,000,000 JPY worth of virtual money. You can then open trade positions with this virtual money and learn how the trade actually works. HighLow does not require its traders to make the initial deposit for them to gain access to a demo trading account. Regardless of this, the demo accounts offered by this broker offer new traders with a real binary options market experience.
HighLow in the USA
Owing to various reasons, a good number of the reputable online binary options brokers today do not accept traders from the USA. This being the case, you will be frustrated if you are a resident of the USA trying to signup for an account and trade through HighLow because the broker does not accept trades from the USA. Instead, the broker majorly focuses on Australian traders and traders in Asian countries. This is also the reason why the broker does not allow for transactions in US dollars, unless the trader is using Neteller. As such, HighLow is regulated by an Australian body; ASIC under regulation number 364264.
Although HighLow does not accept traders from the USA, traders from these countries can still trade in binary options using an array of reputable online binary options brokers that accept traders from the USA. However, if you are in these countries, you should not expect to use a regulated binary options broker in case you opt to go for the global binary options. Reputable brokers like HighLow are restricted from accepting trade activities from USA nationals by the US authorities. Therefore, such traders should look for reputable unregulated brokers to trade with.
All in all, HighLow is a good broker for the binary options brokers looking for a safe and secure place to invest their money. In addition to a strict regulation by a reputable body, this broker has a clean record of offering authentic and profitable binary options services to its customers in Australia and Asian countries. However, the broker is not likely to be accepting traders from the USA in the foreseeable future. At 7 Binary Options, we have tried and ascertained that this broker is actually genuine.
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References and Further Reading:
1. The Personality and Performance of the US Dollar (A Cofnas – 2015)
2. Uninformative Feedback and Risk Taking: Evidence from Retail Forex Trading (I Ben-David, J Birru, V Prokopenya – 2015)
3. Part II: Timing the Trade with Technical Analysis (A Cofnas – 2014)
4. Test Your Forex IQ (A Cofnas – 2013)
5. Volatility in Forex and Its Dimensions (A Cofnas – 2014)
7 Binary Options review: HighLow: stars.
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