In an industry which has been receiving a lot of bad press recently, it is refreshing to see a few companies have managed to rise above the furore in the binary options trading industry. Owned and managed by an Australian holding company called HighLow Markets Ltd, HighLow has become one of today’s leading binary options broker.
Established in 2010, HighLow is one of the few rare binary options trading platforms that are based in Australia. What makes HighLow unique is the fact that it is regulated by the Australian Securities and Investments Commission (ASIC). In an industry where the bulk of the binary options brokers are either unregulated, or regulated by the Cyprus Securities Exchange Commission (CySEC), this truly makes HighLow different from everyone else. Nevertheless despite being different, this has not in any way diminished HighLow’s ability to deliver exceptional services to their clients. Their customer support staff are professional and dedicated. Apart from offering their clients a safe and secured trading environment, HighLow also offers exceptional returns on investments. Their maximum payout goes up to as high as 200% which is way beyond the industry average.
Advantages and Disadvantages:
Regulated Broker: The broker is a legitimate broker that is regulated by the Australian Securities and Investments Commission.
Guaranteed no harassment from sales representatives: HighLow does not have a call center and assures its clients will not be pestered with calls from sales representatives trying to persuade traders to deposit more money into their trading accounts.
High Returns on Investments: The returns offered by HighLow are the highest in the industry. The maximum return reaches up to 200%.
Obligation Free Demo Account: Access to the demo account does not require any registration. To access the demo account, simply click on the “Quick Demon” button located at the top of the homepage.
No Live Chat Support: Unfortunately, no live chat support is available at HighLow. The broker has only provided support through email or the telephone.
Apart from offering their clients a safe and secure environment for trading binaries, HighLow has also offered them trading conditions which are very conducive as well. For example, the returns in investment offered by the broker are one of the highest that we have come across for classic Call/Put binaries. Their minimum return is 180% whereas the maximum return is 200%.
As for the underlying assets that are available for trading as HighLow, the broker does not have a list which is as extensive as most brokers in the industry. Their coverage currently only covers up to 43 different types of assets comprising of currency pairs, commodities such as crude oil and major market indices. Nevertheless, this is not the defining feature of HighLow as there are other features which make this broker stand out as a broker that is worthwhile to trade with.
The trading platform adopted by HighLow is powered by the lesser known white labeled Markets Pulse platform. Aesthetically pleasing, the HighLow platform allows you to trade with different types of option contracts namely classic High/Low or Call/Put options, Turbo options, Turbo Spread options and High/Low Spreads. These different types of option contracts are actually variations of the classic call/put option. For spread based options though, the strike price extends over a range rather than a single price level. As for the difference between turbo options and High/Low options, the difference is their expiry times. Turbo options expiry times range from 30 seconds to300 seconds where as High/Low options expire on an intraday basis. Even though there are only 4 types of option contracts to choose from, HighLow compensate for this deficiency by offering payouts which are higher than the industry standard. For example, their maximum payout is as high as 200%.
For traders who have to be on the move constantly, they do not have to feel left out as HighLow has also made available mobile optimized versions of their web-based platform. These apps are designed specifically for Android and iOS powered devices and can be downloaded from Apple’s App Store and Google Play Store.
Regulation & Reputation
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 trading platform allows its users to trade the binary options market with 5 different types of option contracts namely High/Low options, High/Low spreads, Turbo options and Turbo spreads options.
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. As for turbo options and the High/Low options, the expiry time for the former are from 30 seconds to 5 minutes while the expiry time for the latter is on an intraday basis.
Trading Accounts Offered
In terms of trading accounts, HighLow has opted to depart from the binary options industry’s traditions of providing traders with a choice of several different types of trading accounts.
With HighLow, there is only one standard type of trading account which anyone can open by completing the registration form and making a minimum deposit of $/£/€50. For traders in Australia, a token sum of AUD$10 is required.
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
As for bonuses, HighLow offers a free cash back offer of $50 for all trading accounts which have been approved
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.
In late 2018, Highlow did begin to address some of these issues, adding a range of new assets, including UK and US Oil prices, and indices such as the CHN50, Nasdaq and S&P.
Deposit & Withdrawal
For the convenience of their traders, HighLow has provided support for a wide array of payment methods. Fund transfers can be made through bank wire transfer, credit cards or ewallets. All major credit cards such as VISA and Mastercard are supported. For eWallets, HighLow accepts transfers through Neteller, Poli, Sofort, PaysafeCard, GiroPay and soporpay. Withdrawals can be done through the above mentioned methods as well. But it should be noted that there is a minimum withdrawal amount of $50. The typical withdrawal processing time takes one day, if the request is made before the 2pm cutoff time.
HighLow Demo Account
A great thing is the possibility of using a demo account to test the broker’s platform immediately after a free registration without any time limits. You do not have to invest money (as with other brokers) and the demo account is available instantly. The quality of the demo account is good and its “intentions” honest, unlike the demo of Binary Options Robot.
However, if you don’t feel comfortable using High-Low’s demo account you can use the demo account for free at our website – xbinop.com (demo). We do not require any registration or things like this. You can start trading immediately, which surely comes handy at times.
High-Low’s bonus: instant cashback of $50 free of charge
Free cashback of $50 is a benefit both novices and experienced traders will appreciate. One could say that this is a risk-free trade, rather than a typical cashback. This practically means, that all your trades (up to the total of $50) will be either profitable or the broker will credit your account with money the trade lost. The cashback works without any further conditions.
This bonus is a great thing, indeed, because it does not push the trader to do more trades (as in the case of other bonuses that unregulated brokers offer). You can withdraw all deposited cash immediately.
It is true that CySEC has imposed a ban on trading bonuses. However, High-Low is not regulated by CySEC. This absence of regulation is logical because the geographic regions in which the broker is doing business and focuses on include mostly Australia and Japan (not Europe). But if you want to trade with this broker and you are from Europe, it is not a problem. Ever binary options trader with a minimum investment of the mere $50 will be eligible to the bonus promoted by High-Low on its website. So, don’t waste time and go do it!:-)
There is only two languages offered by HighLow broker, and those are English and Japanese. Japan is the leading country for this broker, counting about 70 % of their traders (March 2016)
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