Best Binary Broker!
Perfect for beginners!
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7 Binary Options
It is not often that we get to review a broker from Australia, so we are excited to take a look at HighLow, an up and coming binary options broker that is based there.
One of the things that make HighLow an excellent binary options trading alternative is the fact that it’s a regulated broker. They also offer their services in several places around the world including Australia, Europe, Africa and the Middle East.
Unfortunately, USA binary options investors cannot use the services offered by this broker, however, for US traders we have Binary Option Robot or BinaryCent. The HighLow broker also features a trading platform that is super easy to navigate and to use.
These are important features when placing trades and learning about binary options trading. In addition, the HighLow website is well designed, unlike many others that are cluttered with a lot of useless information.
HighLow staff ensured us different promotions are nothing out of the ordinary in their company so future traders can expect a lot of goodies. Current promotion includes up to $50 cash-back on the first trade.
Online since: 2020
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
– $50 Cashback Offer
– It cannot be used by USA traders
7 Binary Options Rating:
HighLow is a brand of HighLow Markets Pty Ltd, an Australian company, holding an Australian Financial Services License, number 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 by traders through the web broker.
Regulation 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 the rate exchanges to other currencies.
Best Binary Broker!
Perfect for beginners!
Free Demo Account! Free Trading Education!
Only for experienced traders!
Sign Up and Trading Platform
The sign-up incentives on HighLow are above the standard offerings in the industry. They are currently offering a $50 cash-back on the first trade to all new traders that sign up with them. 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 advanced and potentially profitable options. Traditional options typically pay as much as 200% returns, while the more advanced option types, pay up to 100% return on investments on successful trades. These are exceptional returns when compared to other binary option website payouts.
When reviewing the HighLow brokerage site, we also found that not only does the expiration time impact the trade, but the spreads on the trades also give the investor a little tighter control over the outcome of the trade; this is a really beneficial feature for the trader.
Another outstanding feature is HighLow’s demo account. This is one of the easiest and most effective ways 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 have incorporated the demo mode into the site so you don’t even have to sign up in order to use the demo services. When you first join the site, you will be given $10,000 of practice money to use with the demo account.
HighLow Website & Platform Overview
The eye-catching yellow-orange and black color scheme of the HighLow website is nicely laid out and immediately gives a professional look. On the homepage, you will find information about the types of binary options assets you can trade, the option types available, and the sign-up bonus. The transient screen also displays information about the distinctive features of the site.
HighLow’s website uses MarketsPulse as a trading platform, providing its customers with a smooth and hassle-free experience. They’ve also partnered with a data streaming company, Leverate, which provides safety and security for clients’ data. Also, the Trader’s Choice option on the platform activates after four executed trades and this provides real-time market sentiment of the traders online.
Taking a closer look at the assets, each one comes with a price 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).
Highlow’s Platform allows you to place your trades easily
Navigating the site is a breeze. The creators have maintained simplicity and they have provided easy access to information including the broker’s FAQs, opening a demo or live account, choosing your preferred language (English or Japanese), as well as operational information on executing trades using their platform.
HighLow also allows traders to easily execute demo trades with one-click access…without even requiring your registration with the site! So, if you’re interested in trying out HighLow, then definitely take advantage of their demo feature (whether you register or not), particularly if you’re a new trader who has always wanted to practice trading with virtual money, before risking any real money.
Payout Percentages & Types of Trading
On the first tab of the HighLow platform, you can choose the normal High or Low trading option. This option gives you a payout of up to 200% of your invested amount on 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 amount ($10), you will receive a $9 profit payout if you win the trade.
HighLow provides several quick expiry options for those who prefer fast-paced trading. You can choose 30, 60, 180 (3 minutes), 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 offer payouts of up to 200%).
HighLow is offering it’s users a 50USD cashback on signup
The spread binary options, combined with the short-term or turbo trade options, allow traders to diversify their trading portfolios and to trade a variety of expiry times.
HighLow also places limits on the maximum amount of money you can invest per trade and the exposure you can take at any given time. Other platforms tend to have lower restrictions with regard to this, so it’s something to keep in mind.
Regulation for HighLow
HighLow is regulated by ASIC, Australia’s regulatory body
Very few brokers available in this industry are actually regulated. You will find plenty of binary options brokers worldwide who don’t answer to any regulatory body, or who face some loose criteria that allows them, with very little capital, to open a brokerage company.
As a result of a lack of funds and the need to quickly raise capital, many unregulated brokers quickly succumb to the temptation of using traders’ funds and other shady tactics in order to run their business.
In some cases, some brokers are simply fly-by-night operations which are designed to take your money and run. Or, at the very least, they will make it impossible 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 requirements of the official regulatory body, the Australian Securities and Investment Commission (ASIC), in order to be recognized as a regulated broker.
Not only does HighLow meet the threshold for meeting these regulations (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 had to meet certain criteria, such as:
- Separating trader funds into a client money trust account with the National Australia Bank, an AA-rated bank;
- Possessing large insurance policies for trader protection in case 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 will only offer advisory services to its traders within the regulatory requirements and this is only provided by trained staff members.
The company also does not have automated trading capability, so you will need to use a trusted signal service, or your own trading method, in order to execute binary options trades manually.
HighLow Trading Software and Assets
We are really impressed with the interface on the HighLow web platform:
- It is 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 wealth of informative and important information.
- The option choices are displayed in what the website refers to as the ‘binary options carousel’; this format makes it really easy to sort through and to select from the many available options choices.
The traditional High/Low option is offered, of course, with this being the name of the web broker as well. Under the Quick Facts section, you will see that the typical returns on investment are as high as 200%, with some more exotic options offering returns of up to 100%, These return on investment offered by HighLow, are among the highest returns on investment among other binary options brokers in the industry.
Trading can be done by investing as little as $10 per trade. This is great if you are just starting out and don’t want to risk a lot of money until you have learnt more about how to trade. The broker also caters to traders that enjoy fast trading, with short expiry times and they offer 30 second, 60 second, 180 second (3 minute) and 5-minute expiration times.
The ‘option on demand ‘feature makes trading highly flexible and is a favourite for those investors who like to take advantage of short term patterns and other specific dynamics of the trading environment.
Another type of binary option that is offered on the website is 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 this type of option can be 100% or higher.
HighLow also offers access to world class data streams:
- These services are provided by a well-known company called Leverate MarketsPulse
- It is also an extremely safe and secure web platform
- There is a Traders Choice indicator which also helps the investor to gauge current market sentiment
- The Traders Choice feature will appear after 4 trades are executed and will constantly update, 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 that offers flexibility and convenience to those that are limited in the amount of time they have to trade in front of their computers.
Customer Support and Services
During our testing of the HighLow support, we found their customer service to be responsive and professional. They offer service that is well beyond that which is required by the regulations they fall under. It is really impressive when a website goes the extra mile in order to take care of their investor’s questions and concerns. An internet search revealed many positive reviews of the HighLow website. Even their 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 their FAQ section is laid out so well and is easy to understand.
While we were initially surprised by the fact they do not offer live chat support, their phone support is a more than 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 methods for transactions with this binary options web broker. The minimum deposit for both is a low $50; one of the lowest deposit amounts in the industry. The minimum deposit for bank wire transfers is an extremely low $10. Transactions are simple and done in an encrypted environment for security purposes.
Please also note that:
- HighLow is one of the very 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 for the money to reflect in your account
- Credit cards cannot be used to withdraw funds
Customer funds are kept segregated for security purposes and safekeeping. The commonwealth of Australia has strict rules regarding banking and all trader funds are placed in a trust account with the National Bank of Australia.You can have peace of mind that your funds are secure with the HighLow web broker.
What Do We Think
There are many unique features that can be found on the HighLow website and this innovative site is a little bit of fresh air when it comes to trading binary options.
The number of option choices is outstanding and their free demo account is the icing on the cake. We have no problems at all recommending HighLow and encourage all traders to go ahead and try out this broker.
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
HighLow Broker Review – Another Binary Options Scam? You Must Read This Before Trading!
Transparency, cashback terms, and regulation are the major indicators for the ranking of any broker and we are happy to present you with a review on a highly praised broker. HighLow is talked about frequently in financial circles these days. The name of the broker resonates for good reasons…
HighLow is a transparent platform that is devoted to best practices, higher morality, and customer satisfaction. The good news is that finally, we are reviewing a broker that is complying with the Australian laws.
HighLow scam complaints were spread across the internet but how reliable are such complaints and warnings? Has this platform ever been warned against by a regulatory authority? How well is the broker complying with its regulator’s terms and laws? How good are the trading opportunities available with this platform? This third-party review will update you with every bit of information that counts.
HighLow Broker Review Summary
Summary: It’s true that HighLow is indeed regulated (at the time of writing this review) however regardless HighLow offers options trading & here at Stopping Scammers we have NEVER seen anybody manage to generate sustainable profits from options trading – they always result in losses and therefore we do not recommend trading with HighLow. If you have already lost money to them though then continue reading to see how you can get it back.
If you’ve just come here looking for some specific information then rather than reading our full in-depth HighLow review you can simply use the quick navigation links below to easily jump straight to the section you’re looking for:
HighLow Markets PTY Ltd. owns and operates one of the most reliable brokers available.
- Australian Company Number. 143 553 628
- Australian Business Number. 85143553628
The platform was introduced in 2020 which means that the broker is in business for the last 10 years and we are amazed to see that it is still operating. We rarely see a broker who managed to hold on for so long, a decade to be precise. It still looks promising.
The website mentions the following addresses:
Australia (Headquarters) Level 14, Macquarie House, 167 Macquarie Street, Sydney, NSW 2000, Australia.
The good news is that the address is genuine and physical. It isn’t a virtual office like most of the other platforms.
The UK subsidiary (HighLow Markets Ltd.) undertakes the payment processing from Level 4, 13 Regent Street, London, SW1Y 4LR, United Kingdom.
A compassionate group of professionals joined hands to establish this amazing platform. The broker entertains traders from all over the world (depending up the local laws) but don’t forget that the regulation policies only apply to the Aussies.
HighLow is based on Markets Pulse, a reliable trading platform featuring amazing white label trading features. The platform offers High/Low Spread, High/Low Trading, Turbo, and Turbo Spread.
Is HighLow Regulated?
HighLow is regulated by the Australian Securities and Investment Commission (ASIC) and the license number is 364264.
The company acquired its license on 10-05-2020 and National Australian Bank is the banking partner of this broker.
Financial Services Agency (FSA) enlisted HighLow Markets PTY Ltd. on 18.11.2020 claiming that the company had no authority to operate in Japan. It isn’t a big deal because such mild warnings are issued just to let the public stay aware of the listed brokers in a particular region.
The number and nature of complaints against HighLow are suggestive of the fact that the broker has earned good reputation over the years. The management is extremely careful about the legitimacy of its services. We haven’t received or found any serious concerns from any of its traders. The support team is exceptionally satisfying. The account managers are highly professional and they don’t use any pressure tactics. They are known for good and sincere expert advice. The overall reputation of the support team and the account managers are above average and this is what forces us to rate this broker higher above any other going around.
Some traders do complain about the lack of fancy options such as the boundary, ladder, hyper, one touch, no touch, and range. The platform is more focused on fast trading so it doesn’t offer anything that extends beyond 24 hours. The broker only offers 35 assets and it is considered a downside because traders are now looking for an extensive asset list.
Some traders aren’t so happy with the too simple approach but we think that it is good because it keeps the risk on the lower side. In addition, we are happy with the Demo Account which is designed to facilitate the clients because most of the other brokers offer Demo accounts only to advertise their product. HighLow doesn’t require signing up for the demo account. There is no need to deposit anything to a website doesn’t even ask for your email address. This is a pure example of a FOR-CLIENTs demo account. It facilitates you with 10k virtual money.
We have realized that HighLow withdrawal policy is extremely simple and is aimed at facilitating the clients as much as possible. The management process the transaction in just one working day even via Bank Transfer. Other withdrawal options include Neteller and Credit/Debit card. $50 is the minimum withdrawal and the fee for the withdrawal is 1.5% of the withdrawal amount (for Credit/Debit Card and Neteller) and 20$ for bank transfer.
Is HighLow a Scam?
It feels extremely satisfying to call something highly transparent and reliable. There is no serious HighLow scam complaint. The platform is duly regulated and is operating for 10 years. The broker is respected in the financial circles. It is simple yet highly effective and reliable service.
If you see the cashback and bonus terms, you’ll notice that they are far from a scam. The web traffic is also exceptional and it has never declined over the past few years. All these indicators are suggestive of the fact that HighLow is one of the most recommended brokers we have ever reviewed.
Our Verdict on HighLow
HighLow is the prime example of an honest financial service. Their team is devoted towards client’s satisfaction. The broker is regulated since 2020. It offers segregated accounts so your money is held safe with their partner National Australia Bank which is a highly praised AA-Rated bank.
We Recommend HighLow for another good reason that is you only need $50 as a minimum deposit to open an account. Most of the brokers only have this limit at as high as $250. We highly recommend HighLow as an exceptional trading platform so if you are interested in trading then you must consider this option. Our recommendation is based on facts and we never recommend anything unless we are completely satisfied after going through all important factors.
Scammed By HighLow? How To Get Your Money Back?
Since writing this HighLow review it has come to our attention that there have been several reports published online with people claiming to have been scammed by HighLow. Now we cannot verify whether these reports are true or not, however it is clearly quite alarming all the same.
Regardless though, if you feel you have been scammed by HighLow yourself you have landed in the right place because we have put together a step-by-step money reclaim guide which shows you exactly how you can get your money back from a binary options scam.
The guide was first launched in 2020 & since then it has helped thousands of people to successfully get their money back from binary options scams & therefore if you feel you have fallen victim to the HighLow scam then we are confident it will help you too.
There’s a Better Way To Make Money Online
Trading is very risky there’s no doubt about that & when it comes to Forex or binary options trading it’s even more risky because many of the brokers & trading platforms are actually just flat-out scams… Therefore in general we don’t recommend trading.
However the good news here is that there are several MUCH better ways to make money online (in our opinion) and they don’t involve any risk like trading does – plus they are much easier to scale to build a nice income.
Out of all of the legitimate opportunities we’ve come across though there has been 1 in particular which has stood out from all of the rest and as a result we have named it our number 1 recommendation for working from home.
So if you’re still looking for a way to make extra money you can get access to our number 1 recommendation by clicking the link below:
HighLow Official Scam Investigation
This prompted me to go over the site and understand various legal and operational aspects of the “HighLow”. I opened a demo account which to my surprise was very simple than any other site I had visited, as it did not require any signup or information, and you can log in as a guest to trade with handsome $10,000 of virtual currency. I took about 2 days to research and understand the legal and operational aspects of the site and its other functionalities. Finally, I am presenting my opinion of the site for your consumption in order to help you take an informed decision.
HighLow Broker Review
The binary options trading site HighLow is operated by an Australian company named “HighLow Markets Pty Ltd” and is owned by an Australian firm called “Realtime Capital Markets”. The company is registered with the Australian authorities and hold the Australian Company Number ACN-143-553-628 and the Australian Business Number ABN-85143553628 as a license. The company has also got a license (Australian Financial Services License No: 364264) to operate financial services business from the Australian Securities and Investment Commission. The financial services license provides the company to perform financial services business in Australia.The Australian Securities and Investment Commission outlines the laws and regulations for financial services with respect to processes the company needs to follow, staff’s educational requirements, the amount of risk a company can take and the processes related to management of risk, accounting standards a financial company should follow and various audit requirements, these all requirements need to be followed by a registered organization (HighLow) to continue business on the Australian territory.
Besides providing binary options trading services to Australian traders, the company also allows binary options traders from Africa, Europe, and the Middle East. Unluckily, the binary options traders from the United States of America cannot trade into it.
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This official Scam investigation review sums up whether HighLow is a scam or not! Must Read This Before Creating an Account! Read the shocking truth!!
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TABLE OF CONTENT
The Website and the Platform
When you open the site, the combination of black background and orange shades catches your eyes giving you a feel of the corporate look. The homepage of the website prominently features the carousel incorporating various asset options, durations, and a transient screen. The transient screen provides information about various distinct features of the site. The assets are represented with the charts and payout options for a particular asset type along with the trading time period. Even though the website offers an ease of navigation and corporate look, the site compared to its competitors gives a feeling that it lacks some of the eye-candy features like deposit options, platform information, withdrawal options, accreditations received, and customer review.
The navigation in the site from one screen to another is very easy and can be comprehended with a little or no practice.The website seems to be designed with “Keep it Simple, Stupid!” (KISS) concept to provide ease of access and relevant information like frequently asked questions, operational information on how to trade, opening an account, opening a demo account and choice of language.The website has two language preferences including Japanese beside English. The website is well laid and developed to give a sense of easiness and simplicity. The site offers various binary options through the carousel, which makes the selection of options very easy.
High Low Education and Guidance
The trading tabs provides clear understanding and information regarding choosing an asset which includes 17 currency pairs (AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/AUD, EUR/JPY, EUR/GBP, GBP/AUD, GBP/JPY, GBP/USD, NZD/JPY, NZD/US, USD/CAD, USD/JPY and USD/CHF), 1 precious metal (Gold), and 5 stock indices (AUS200, HKG33, JPN225, UK100 and US30). Although, the site provides very easy navigation, the lack of educational material and resources will restrain the newbies of the binary options to be attracted to the site. The HighLow site has compensated the lack of educational resources with very easy demo option, which provides one-click direct demo access to anyone willing to explore the binary options trading without any prerequisite such as registration. It is my regular practice to suggest to use demo account or free account trading for some time before jumping on to real money account to a newbie of the binary options trader.
The site offers basically two trading options; High/Low (digital) and Turbo (on demand), both the options are available with spreads and various payout scenarios ranging from 80 percent to 200 percent of invested amount. The High/Low options can be traded with visible expiry time for a frequency of 60 seconds to 1-day. The lower end of expiration time available on the HighLow is very suitable for intraday or day traders and provides an opportunity to trade for 5 minutes or even less. This means the site targets a specific group of traders and the platform may not be suitable for long-term traders.
The platform offers variable spread which moves closer near the expiry of the trade, which gives a little tighter control over the result. It provides a high-risk high-return environment for traders as it offers a payout of 100 percent or higher. The spread options can make any trader’s adrenaline rush to hit the roof.
High Low Guidance to Traiding
The website uses one of the prominent binary options trading platform Market Pulse to provide smooth user experience, whereas the company has entered into an agreement for the data stream with a company called Leverate. Leverate is a well-known name in the data streaming services and it is known for providing safe and secure data to their clients. The platform provides the overall sentiment of the market through traders’ choice option which gets enabled after four trades and delivers running sentiments of the online traders. Normally, I recommend my readers not to use the advice of the broker to trade; in the case of HighLow, it will not be an issue as it is being regulated by Australian authorities which do not authorize HighLow to provide advisory services to its client. Also, the website doesn’t have any auto trading facility, so if you are a non-professional trader then I would recommend you to use option signals services from the professional signal service provider, or comprehend the strategies better before commencing the binary options trading.
To trade on the HighLow website, you also need to understand various exposure limitations and the amount of max position in a single option is allowed. Unlike, other platforms which have low restrictions, The HighLow platform has some trading restriction on maximum amount which can be traded and the maximum amount of exposure one can take (please see the table below).
The company also offers mobile applications for both android enabled smartphones/tablets and IOS enabled smartphones/tablets for ease of trading.This provides a complete mobility to the people who are always on the move and prefers mobility and trading on the go.
highlow main page
Deposits and Withdrawals
The company offers various deposit methods including credit card, Neteller and direct wire transfers from the bank. Unfortunately, as of now, it does not support the PayPal services for credits or deposits. One of the most admiring features for deposits is that it allows you to deposit as low as $10 to start the real money trading, such feature is offered by very few binary options brokerage house like IQOptions.The site only offers the deposition in the Australian Dollar (AU$), the US Dollar (US$), the Euro (€) and the Sterling Pound (£) dependent on client’s currency selection at the time of the registration.
Currently, the company offers deposition through Credit Cards/Neteller wherein minimum deposit amount is $50, and Bank Transfer wherein the minimum deposit amount is $10 for AU accounts and $50 for rest of the currency preferences. In the same way, withdrawals are possible for as low as $10 via Bank Transfer and $50 for Credit Card/Neteller. Though it does not impose a cap on withdrawal via bank transfer, the website has certain limitations for extraction through Neteller or Credit Card. Following table provides details regarding the amount and shows the nitty gritty of the payments and the withdrawals for HighLow.
HighLow Deposits and Withdrawal
The transfers in case of Credit Card/Neteller happens in real time, while for Bank Transfer it requires 4 hours to 72 hours depending on your bank location.
Though the company does not impose any charges on deposits, the company deduct 1.5 percent on withdrawal amount. The fees on withdrawal seem reasonable as it is lower than the median withdrawal fees charged by the binary options brokerage firms of the industry. The company also charges $20 irrespective of the amount of withdrawal for wire transfers to an overseas or an international bank.
The website also follows specific rules to safeguard the user data, one such example is that it does not save credit card or other financial information to safeguard the client’s details from unwanted online threats. The firmas well follow the rules and regulations set by the Australian Authorities and hence uses a trust account of National Bank of Australia to keep the moneys of their clients. This way it limits the misuse of your funds to hedge the positions. The broker uses its own funds to hedge the open positions instead of utilizing your funds to do so.
Signup and Bonuses
The website offers easy and convenient signup with generic fields for the new customers. The company requires you to put your name, email, country of resident, currency choice, date of birth, full address and asks you for your driving license or Medicare for an Australian resident to register on the website.
Currently, the website offers cashback of $50 on the initial $50 worth of trading, and the most exciting part is that there are no caps of transaction volume to redeem the bonus amount, you can immediately redeem the funds to your trading account for the trading worth of $50.
Payouts & trading
The first tab on the carousel of the site allows to you choose the regular High/Low option of binary options. These options have payouts up to 90 percent of the invested amount, this is quite competitive and is in the upper strata of industry standards, with the lowest possible investment amount of $10.
If you are a swift trader and prefer a fast paced trading options than you will not be disappointed with HighLow as it provides various faster expiry options such as 60 seconds, 90 seconds or 300 seconds. It is also suitable for professional traders as it provides a trading in spreads for various assets. This on-demand trading provides payouts up to 100 percent of invested amount. The combination of spread binary options and fast paced transaction can provide you paced adrenaline rush.
Supports for customers
The benefit of a structureddealer is that there will be processes and instructions in place in the case should you require support from the HighLow team. The corporation’s location is at Level 14, Macquarie House, 167 Macquarie Street, Sydney, NSW-2000, Australia. It is also heartening to see that the business offers service support to its clients over a phone (Australia: 1300-870-442, Singapore: 800-130-1608 and the United Kingdom: 0800-048-8748).
Though the company’s website is available in English and Japanese, it supports no other language which may be a big letdown for other language speaking clients. Though the company provides detailed FAQ to resolve all your queries and support through email or phone, one of the most disheartening things is that it does not provide the web chat options. In an online scenario, web chat is one of the most convenient and faster options to resolve your queries and which is a must when real money is involved in it.
The HighLow offers clear advantages specifically to the Australians, but when it comes to other nationality It seems restrained categorically for the United States citizens. The ease of operation on the site, the competitive cost of trading, the support system of the site, the processes it follows and regulated by the Australian authorities makes it one of the most sought after brokerage but no educational material on the site, no live chat option for support, and limited assets to trade restrict its demand. Also, the focus of the company seems to be a specific group of traders which makes it a restrictive site for long term traders (dealers who take more than 24-hour positions) and newbies.
The limitations prompted me to check other top binary options broker like IQOptions and Banc de Binary, in order to provide comparative information.
The IQOptions has one of the most intuitive websites and provides learning tools for the newbies. It also has excellent payouts up to 91 percent and allows to deposit as low as $10. Also, it offers minimum investment trade of $1, which is the lowest investment amount allowed per trade by binary options broker. Though it offers a maximum investment per trade at $1000, it has lowest trading amount per option trade is as low as $1, making it the best retail binary options broker. It offers a choice of accounts like the free account, the real account and the VIP account with a plethora of services and options for the traders ranging from newbie to professional binary options trader.
The another one is Banc De Binary, which is one of the oldest binary options brokers who has been around since 2009. It is also known for its generous bonuses including up to 100 percent sign up bonus, referral bonuses, and surprise bonuses which are offered at a will by Banc De Binary. It also offers generous payouts ranging from 60 percent to 91 percent of invested amount. The minimum deposit starts from $250 whereas it allows trading as lows $1 per trade, while maximum investment amount is capped at $6000 per trade. It also offers a variety of accounts to cater to the needs of varied types of consumers; the micro silver accounts for beginners, the standard gold account for intermediate level traders, the personal management account for high-frequency professional traders and the premium account for full-time professional traders. The highlight of the Banc De Binary is that it offered a tailored account for Muslim traders termed as the Islamic trading account which is formed on the principles of Hibah. It also offers an intuitive trading platform with tools to learn the binary options trading for beginners. It offers the highest possible resources about 200 to transact including currency, commodity, precious metal, stock indexes and stocks.
Factoring in all the facets of binary options exchange, I would recommend choosing IQOptions for small dealers and Banc De Binary for the big time, professional traders. Though HighLow seems a good agent, but I would prefer IQOption and Banc De Binary because of their legality is already been tested for a longer period of time, and they have gained customer trust over a period of time. They also offer a clear advantage in terms of a number of assets they offer, learning tools, intuitive websites, trusted trading platform, the regulation they follow and the customer service.
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