- Basic information:
- 7 Binary Options Rating:
- About HighLow
- Sign Up and Trading Platform
- HighLow Demo
- HighLow Website & Platform Overview
- Payout Percentages & Types of Trading
- Regulation for HighLow
- HighLow Trading Software and Assets
- Customer Support and Services
- How to Trade Binary Options With Highlow: a Video Guide
- HighLow Banking
- What Do We Think
- Additional information
- Recommended Brokers:
- HighLow Articles:
- John Miller
- Related content:
It is pretty rare on here to see a broker from Australia so we are happy to take a look at an up and coming binary options broker that is based there. The name of that broker is HighLow. It is a binary options trading site that is very innovative and is attracting a lot of attention from traders.
One of the things that make HighLow an excellent binary options trading alternative is the fact that it’s a regulated broker. It can also be traded in several places around the world like Australia, Europe, Africa and the Middle East. Unfortunately it cannot be traded by USA binary options investors at this time, but for US traders we have Binary Option Robot or Finpari. It also features a trading platform that is super easy to navigate around and use; that is so important to be able to do when placing trades and learning about binary options trading. It is also a website that unlike many others is not cluttered with a lot of useless information.
Online since: 2014
Max Returns: 90%
Minimum Deposit: $10
Minimum Investment: $10
Maximum Investment: A$ 1000
Currencies: USD, AUD
Countries: All but US
– It is an innovative and forward thinking company
– They offer a large variety of option choices including advanced options
– Traders have a little more control over their trades than can be found on some other web brokers sites
– Outstanding Demo Account
– Low minimum Deposit
– Convenient mobile app
– It cannot be used by USA traders
7 Binary Options Rating:
The owners of the brokerage site are an Australian company called RCTM. They hold Australian Financial Services License #364264. As we have said before regulated brokers offer several distinct advantages over non regulated brokers when it comes to transparency and how they manage the money that is deposited through the web broker. It also establishes a set protocol for complaints and requirements for insuring funds just like a national bank does. Since it is an Australian site, those who favour trading in Australian dollars will not lose money on rate exchanges to other currencies either.
Sign Up and Trading Platform
The sign up incentives on HighLow are pretty generic and very ordinary. They currently are offering those that sign up with them up to $50 cash back on their first trade. The sign up process to trade with HighLow is relatively straightforward and uncomplicated.
One of the best features of the HighLow web broker is the large variety of option choices that this website provides. They include some very advanced and potentially highly profitable option ones. Traditional options typically can pay as much as 100% and more advanced option types can pay over 200% return on investments. Those are very fair amounts when compared to other binary option website payouts.
When reviewing the HighLow brokerage site we also found that not only did the expiration time impact the trade but also the spreads on the trades give the investor a little tighter control over the outcome of the trade; a very nice little touch for the trader here.
Another outstanding feature is HighLow’s demo account. There are very few ways that make it easier to learn how to trade binary options if you are new to this type of trading. It even helps veteran traders learn the platform when they first start trading with HighLow. The creative team at HighLow incorporates the demo mode into the site so you don’t even have to sign up for it to use it. When you first join the site you will be given $10,000 of practice money to use with the demo account and learn how to trade effectively on the site.
HighLow Website & Platform Overview
The eye-catching yellow-orange and black color scheme of the HighLow website is nicely laid out and immediately gives off a professional look. On the homepage, you’ll find a carousel of the types of binary options assets you can trade in addition to the different trading window lengths available and a transient screen. That screen displays information about the distinctive features of the site.
HighLow’s website uses Market Pulse as a trading platform to give its customers a smooth and hassle-free experience. They’ve also partnered up with a data streaming company called Leverate which provides safety and security for client’s data. Also, their traders’ choice option activates after four executed trades and gives up-to-date marketing sentiment of traders online.
Taking a closer look at the assets, each one comes with a chart and payout option alongside the trading time window. The 80+ assets available for trading include: precious metals like gold, a few stock indices (HKG33, UK100, US30, JPN225, and AUS200), and several currency pairs (including the most popular, EUR/USD, along with others like USD/JPY and EUR/GBP).
Navigating the site is a breeze. The creators of it kept it simple and provide easily accessible information like FAQs, opening a demo or live account, choosing your language (English or Japanese), and operational information on executing trades using their platform.
Despite the overall look and easy navigation, HighLow lacks a few of the popular features on other trading platforms that investors like. These include attributes like options for withdrawing your money, information about the platform, options for making deposits into your account, accreditations they’ve received from others, and reviews from those who’ve used and benefited from the software. They also lack educational resources, guides, and other materials for new binary options traders which is a shame and usually standard.
But to compensate, they allow traders to easily execute demo trades with one-click access…without even requiring your registration with the site! So if you’re interested in giving HighLow a whirl, then definitely take advantage of their demo feature (whether you register or not), particularly if you’re a new trader as you’ll always want to practice with fake money before risking real money.
Payout Percentages & Types of Trading
On the first tab of the HighLow platform, you can choose the normal High or Low option. This option gives you a payout of up to 90% of your invested amount for a winning trade which is definitely among the best trade payouts in the binary options industry. So, by purchasing an option for the lowest investment possible ($10), you’d receive $9 profit back if you won the trade.
HighLow provides several quick expiry options for those who prefer fast-paced trading. You can choose from 60, 90, or 300 seconds (5 minutes) for short-term trades. You also get to enjoy the option of profiting on spread trading various assets which can give you payouts of up to 100%. (More advanced options can even give you up to 200%).
Those spread binary options, combined with the faster-paced trade options, certainly can give you a rush if you want to try your hand at them.
And just so you know: this company places limits on the maximum amount of money you can invest per trade and exposure you can take at a given time. Other platforms tend to have lower restrictions with regard to this, so it’s something to keep in mind.
Regulation for HighLow
Very few brokers available in this industry actually face regulation. You’ll find plenty of binary options brokers worldwide who don’t have to answer to any regulatory body or who face some pretty loose criteria that allow them, with little capital, to form a brokerage company.
Thanks to the lack of funds and the need to quickly raise capital, too many succumb to the temptation of using trader funds and other shady tactics to run their business. For all you know, they can be fly-by-night operations designed to just take your money and run. Or, at the very least, they’ll make it as difficult as possible for you to withdraw your funds upon request…assuming you have any left to withdraw from your account.
The country of Australia is unique in that it’s especially difficult to find a brokerage company based there who has an official license. This is thanks to the type of requirements necessary to receive one under the official regulatory body, the Australian Securities and Investment Commission (ASIC).
Not only does HighLow meet the threshold for facing regulation (making it a legitimate broker), but it offers traders some of the best protection in the binary options industry. With their license (number 364264) under the ASIC, this binary options brokerage company has to meet certain criteria, such as:
- Separating trader funds into a client money trust account with National Australia Bank, an AA-rated bank;
- Possessing large insurance policies for trader protection in case of the company goes bankrupt;
- Requiring staff members to have certification and training to give members informed advice;
- And having directors and other key personnel with years of trading experience.
In addition, experts advise against using the advice of your broker to make trading decisions. Thanks to the ASIC, HighLow don’t have permission to offer that kind of advisory service to its traders in the first place. So no worries there.
The company also doesn’t have automated trading capability, so you’ll need to use a trusted signal service or your own trading method to execute binary options trades manually.
HighLow Trading Software and Assets
We really liked the interface on the HighLow web platform;
- It was among the most user friendly platforms we have ever tested.
- The site is laid out in an easy to read manner yet it still contains a whole lot of great information.
- The option choices themselves are displayed in what the website refers to as the binary options carousel; it makes it really to sort through and pick from the many available options choices.
The traditional High/Low option is offered of course with that being the name of the web broker also. Under the quick facts section you saw that typical returns on investment were as high as 90% with some more exotic option choices returning as high as 200% payouts; that is a very good return on investment to say the least. These return on investment figures put the HighLow website among the highest return on investment binary options brokers there is.
Trading also can be done by investing as little as $10. That is great if you are just starting out and don’t want to risk a whole lot of money until you learn more. They also cater to traders that like very fast expiration times as they offer 60 second, 90 second and 5 minute expiration times. The ‘option on demand ‘feature makes trading highly flexible and is a favourite of those investors that like to take advantage of such things as short term patterns and other specific dynamics of the trading environment.
Another type of binary option that is offered on the website is that of FOREX Spread High/Low Trading. Spread trading is ideal for those investors that like to trade in a high risk and high reward type environment. Return on investment with these can be 100% or higher. It can be some of the most exciting trading that is done on a binary options website and can really get a traders adrenaline going.
HighLow also offers those that trade with them access to world class data streams:
- These services are provided by a well-known company called Leverate
- It is also an extremely safe and secure web platform
- There is as a Traders Choice indicator which also helps the investor to gauge current market sentiment
- The Traders Choice feature will appear after 4 trading actions and will constantly update itself depending on the expiration times that are chosen
- This feature can conveniently be turned on or off
There is also a convenient mobile app that can be downloaded to your smart phone or other smart device. This a great feature to help those that are limited in the time they are home in front of their computer to trade.
Customer Support and Services
During our testing of the HighLow we found their customer service to be very good. It goes well beyond that which is required by the regulations they fall under; it is nice when a website goes the extra mile to take care of their investor’s questions and concerns. An internet search revealed many positive reviews of the HighLow website. Even there highly informative FAQ section is outstanding.
The best way to access customer support for the broker is by using e-mail. They answer your questions and concerns quickly as long as the question you have is not thoroughly covered in the FAQ section; we did not have a problem with this because there FAQ section is laid out so well and is easy to understand. We were a little taken back by the fact they had no live chat support but the phone support they offer is an adequate replacement for this feature. Contact with Customer Support can be done in both Japanese and English.
How to Trade Binary Options With Highlow: a Video Guide
Neteller and credit cards seem to be the preferred method for transactions with this binary options web broker. The minimum deposit for both is a low $50; one of the lowest deposit amounts you will ever see in the industry. The minimum deposit for bank wire transfers is an extremely low $10. Transactions are simple and done in an encrypted manner for security purposes.
Take also note that:
- It is one of the few binary options web brokers that offer instant withdrawals in most cases
- They do charge a 2% transaction fee for withdrawal services but again this is lower than the average throughout the industry
- The minimum withdrawal amount is $50 in most cases
- Bank transfers can be used for withdrawals and take approximately 1 to 3 days to show up in your account
- We were disappointed that credit cards could not be used to withdraw funds
Customer accounts are kept segregated for security purposes and safekeeping. The commonwealth of Australia has strict rules regarding banking and all funds are placed in a trust account with the National Bank of Australia. You don’t have to worry about the HighLow web broker mishandling your money.
What Do We Think
There are a few things that are different from other brokers on the HighLow website for sure and it’s not perfect. With that being said, it is an innovative site that is a little bit of fresh air when it comes to trading binary options. The number of option choices is outstanding and their nice demo account is the icing on the cake. We have no problem at all recommending people that are interested in trading on the HighLow to go ahead and try it.
Customer Service: Email: [email protected]
Languages: English, Japanese
Trading Options: High / Low, Option Builder, Range Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: No
Expiry Times: 60 second, 2minutes, 5minutes, 15 minutes, 1 hour and End of Day
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Neteller
Withdrawal Time: 1 day
Demo account: Yes
|Min. Invest||Min. Deposit||Max. Returns|
|All brokers >>|
Latest posts by John Miller (see all)
- Interview of Daria Glazko from IQ Option - July 20, 2016
- IQoption Adds New Deposit Feature and Forms New Partnership - July 5, 2016
- How Binary Options Changed My Life and Got Me Out of Debt - June 7, 2016