For the first time we have had a chance to review a broker that is from Australia. HighLow is very innovative broker that attracts many traders. We have tested HighLow trading platform. We traded on their platform, used all available types of trade, made super-fast withdrawal and contacted their customer service to see how they will manage our “problems”. All of our experiences are in this HighLow broker review.
For starters let’s see most important information about the broker:
Regulated or Non-Regulated Broker: Regulated by Australian Securities and Investment Commission (ASIC)
Maximum Returns: up to 200%
Minimum Deposit: 50$
Transparency with Pricing and Payout: Withdrawal is done instantly, unless using bank transfer in which case it takes 1-3 days.
Banking Options (Cards, eWallets&Wires): credit cards (Visa or MasterCard), Neteller (e-wallet), bank transfers, GiroPay, Poli, Sofort and PaysafeCard
Range of Assets Available for Trading: 40 assets
Software Platform: MarketsPulse
Customer Service: 24 hours a day, 5 days a week.
Best Trading Features: trading mode called “HighLow Spread”
Excluded Countries: USA
Binary Brokers Bonuses: 50$ cash back after deposit
Supported Currencies: AUD, USD, GBP, EUR, JPY, CNY
HighLow Broker Review | Introduction
Company that owns HighLow brand is Higlow Markets Pty. Ltd. It is registered address is Level 14, Macquarie House, 167 Macquarie Street, Sydney, NSW 2000, Australia. It has been established in 2010. As we stated above this broker is regulated by Australian Securities and Investments Commission (ASIC). Highlow Markets is holder of Australian Financial Services License (AFSL) number 364264.
HighLow Broker Review | Account Types
This broker actually doesn’t have account types similar to other broker. They have only one standard trading account and of course demo account. This goes along with proclaimed focus on ease-of-use. No complications, just one account type with all the perks available. Demo account is really great feature of HighLow offer form traders. That is because you can get it even without having to sign up with the broker. This is a nice way to get to know the trading platform. We advise all traders to use this demo account before making final decision to trade with this broker.
HighLow Broker Review | Bonus
Bonus policy exercised by HighLow is peculiar one. But maybe the fairest we have seen. You be the judge. HighLow doesn’t offer special bonus but rather a 50$ cash back to all new traders who sign up and make a deposit. Once the cash-back amount has been redeemed trader can make a withdrawal (including redeemed cash-back amount). Why is that HighLow doesn’t offer standard bonus on initial deposit? That is because as bonuses offered by other broker might seem fantastic they do come with strings attached. You can’t make money withdrawal before you make certain amount of trades. It’s usually 40 times the amount on bonus or more. HighLow doesn’t lock your money in your account. It’s giving you freedom to do with it whatever you want. You can withdraw immediately.
HighLow Broker Review | Assets and Types of Trading
There are four types of trading offered by HighLow or option type how they call them. These are: HighLow, HighLow Spread, Turbo and Turbo Spread. We will have them explained one by one below.
HighLow – the most common type of trade where you invest on price moving up or down the certain level. If your prediction is right you get your money + return. If not you lose your investment
HighLow Spread – again standard high/low type of trade but it offers payouts of 200%, this double the investment! This is the best trading option for those traders that expect large market movements and prefer higher payout. Bear in mind that higher payout also means higher risk.
Turbo – This option type allows investor to choose time frame they like the most. Offered expiry times are from 30 seconds to 5 minutes.
Turbo Spread – This is turbo trading but it offers higher payouts that can go as high as 200%. Again, higher the payout, higher Turbo Spread the risk, so pay attention.
There are more than 100 assets available for trade. You can trade binary options for stocks, commodities, indices and currency pairs. Trading platform is really good. It is very easy to use, everything on the platform is noticeable very easy. Platform runs smoothly and very very quickly. This is really in accordance with HighLow’s proclaimed mission to offer service that is easy to use and offers high returns.
HighLow Broker Review | Deposits and Withdrawals
As with every binary broker with HighLow you will also need to register at their site. After that you need to make a deposit. HighLow accepts many different payment methods. It is possible to deposit via credit cards (Visa or MasterCard), Neteller (e-wallet), bank transfers, GiroPay, Poli, Sofort and PaysafeCard. Quite a lot. Bear in mind that bank transfer take some time. Minimum deposit you need to make is just 50$. Which makes it quite affordable for most people.
Withdrawing your money from HighLow will be as easy as possible. They offer instant transfer when you request them. The only time you need to wait is the time it takes banks to process the transaction. Basically with any withdrawal method apart from bank transfers you will receive your earned money the same day. Minimal requirement for withdrawal is the same as the minimum requirement for deposit – 50$. There is a catch however. Every withdrawal will be charged a 2% transaction fee for withdrawal services. This is not too bad, some brokers have higher fees.
One very important note here is the regulation. It really plays in HighLow’s favour here. Due to ASIC regulation HighLow must keep trader’s funds in segregated account so these funds can’t be misused. This regulation makes HighLow very serious and trustworthy broker.
HighLow Broker Review | Customer Service
Customer service is very important in binary options trading. HighLow really knows this and that’s why they made sure they have very good customer service department. Every time we have contacted them they replied quickly and professionally. You can contact them over email or by phone. For some reason they don’t have live chat on the site. This is unusual and frankly the only downside to their customer service. You can contact them in both English and Japanese.
They have great FAQ section of their web site where you can find answers to almost al questions you might have. If you can’t find an answer you can contact customer support and they will help you.
HighLow Broker Review | Summary
HighLow is an Australian binary options broker. It is regulated by Australian Securities and Investment Commission (ASIC). Minimum deposit is 50$, which is among the lowest on the market. Minimum trade us 10$, so minimum deposit is enough for 5 trades. Before signing up with HighLow you can use their demo account which we advise you to do in order to get accustomed to their platform before investing any of your money.
Withdrawals are super-fast and this is solely one of best and most important features. Customer service performs fine and they have great faq section. They show a lot of care for their traders. Trading platform is easy to use and responds very quickly. All in all if you are trader who is looking for broker that is fast and has easy to use platform HighLow is a broker for you.
If you wish to register and start trading with HighLow you can do so by clicking on the button below the text.