In the competitive and sometimes complicated world of Binary Options Trading, HighLow stands out above the rest, and this is reflected in most HighLow reviews. This Binary Options Trading site is attracting attention due to its innovative and forward-thinking initiatives.
Those who are new to Binary Options Trading need to learn a lot of things. It is actually a very good option versus traditional stock market trading. There is sure income in binary options trading. If a binary options trader correctly bets on the market’s direction and the price at expiration date has increased from the strike price, the trader is always paid a fixed return. However, if trader bets incorrectly on the market’s direction, they would lose their entire investment.
That is the reason why binary options trading novices should get reliable information from financial investment experts who are able to make everything seem easier, using a simple platform.
HighLow offers a simple platform with straightforward, easy-to understand information. With main offices in Sydney, Australia, HighLow Markets Pty. Ltd. has been offering online brokerage for binary options trading since 2010. Their main businesses are foreign exchange and derivative brokerage on the internet and market news and data providing services.
The fact that HighLow is an Australian company is quite significant. This is because an Australian license for a binary options broker is difficult to get due to the strict requirements of the Australian Securities and Investments Commission (ASIC). ASIC is a government agency that strictly enforces and regulates financial services organizations, with power to grant licenses or ban companies from providing services with the goal of protecting investors.
HighLow has met the strict requirements of ASIC and is able to secure an Australian Financial Services license (#364264). This legitimate and regulated broker is allowed to trade not only in Australia but also in Europe, Africa, and the Middle East. As a regulated broker HighLow is required to be transparent with the money that the trader deposits. Trading currencies allowed are US and Australian dollars. They are also required to set a complaint center for dis-satisfied users.
The online trading platform of HighLow is user-friendly, simple, and its interface is not overly-muddled with too much confusing information. They have a provision for a demo account, which is one of the best-reviewed demo accounts in the industry. At the time of this HighLow review, they also require a very low minimum deposit and they have a convenient mobile app.
HighLow uses the MarketsPulse software, a company that offers both web-based and desktop trading tools. The web tool allows traders to customize and it also had real-time indicators. The Desktop application provides simultaneous viewing of up to four charts and provides advanced tools such as indicators and historical data.
Establishing a HighLow account is relatively easy. The prospective trader needs to accomplish an online Application Form. Once HighLow accepts the application, the client has to agree to abide by its legal terms. When there is an available account, the trader can fund it by clicking on ‘Deposit’ on the account page. HighLow accepts deposits bank transfers, major credit cards and Neteller. It accepts only three currencies so far: The Australian dollar, the US dollar and the Pound Sterling. The minimum deposit for bank transfers is $10.00 Australian dollars and $50.00 Australian Dollars for Credit Card and Neteller transactions. The trader will be notified through email when the account has been funded successfully.
Trader funds are protected because they are held in segregated trust accounts at the National Australia Bank (NAB). Other HighLow reviews often fail to mention that HighLow does not use clients’ funds with their unrealized profits for hedging financial loss and they do not use these funds to boost leverage. They have a separate fund established for that purpose.
One of the best features of HighLow is their virtual demo account called Quick Demo. This allows traders to practice trading Binary Options using virtual funds of up to $10,000. The practice trader gets to use the actual trading platform used in live accounts. There is no need to sign up or register when an individual wants to practice trading.
HighLow offers only one type of bonus, and that is a welcome bonus for new accounts. New accounts, as an opening incentive, will receive cashbacks of up to 50 Australian dollars, US dollars, Euro or Sterling Pounds (depending on the currency). These cashbacks are based on their initial trades.
Looking at this bonus offer, it may seem low compared to what other reviewed binary options brokers give, and this is an issue that often comes up in HighLow reviews. Many online brokers are quite aggressive in offering their bonuses, but this should be regarded with a bit of wariness because these are usually used as a cover-up to lure unsuspecting customers. These promotional tools may not be legitimate and always have underlying conditions that require customers to pay more. HighLow does not ask that from their customers.
However, the HighLow bonuses are not governed by asking clients for more funds. In this website, the traders’ funds are always at their disposal, and they can do whatever they want with it. HighLow never ties traders’ funds with hefty bonuses, and never uses bonuses to attract more customers or to encourage customers to deposit more funds.
The incentive methods that HighLow employs all have something to do with how clients will profit easier, with minimum requirements. This is the reason why the deposit requirement of this binary options trading website is pegged at a low S10.00. With just that deposit, clients are sure to earn a profit. HighLow also offers clients flexibility in terms of their trade requirements in order to give clients breathing space and allow them to make decisions about their own portfolio. So while the bonuses may seems low, this aspect of HighLow’s bonus policy must be taken into account in proper HighLow reviews.
Payment & Currencies
The minimum deposit amount before a client can do binary options trading in a HighLow online platform is Australian $10 for bank transfers and Australian $50 if they plan to deposit through Credit Card or Neteller. HighLow accepts all major credit cards (Visa, MasterCard, and American Express) and accepts deposits via Neteller, an e-money services company. Neteller makes it easy to deposit money into a HighLow account since money is sent instantly. Neteller will even email the recipient to let them know that funds have been deposited to their account.
HighLow also accepts deposits for US Dollar currencies. The deposit amount for US dollars is a minimum of US$50.00 for all payment methods. Other currencies that HighLow accepts as deposits are Euro and Pound Sterling. Currencies depend on the base currency that the trader selected when they registered. HighLow accepts clients not only from Australia but from across the globe. Traders who are outside Australia may also deposit funds via Credit Cards, Neteller and international bank transfer.
When withdrawing money, HighLow traders can make bank withdrawal requests. If the request is made before 2:00pm on a business day, it will be processed on the very same day. As usual, clients should allow one to three days for the funds to be available on their bank accounts. If money is withdrawn via Credit Card and Neteller, it will be processed immediately. The minimum withdrawal amount through Credit Card and Neteller is Australian/US/Euro and Sterling Pound 50.00.
Platform & assets
There are four types of binary options in the HighLow Trading Platform. These four classes are “Spread HighLow”, “HighLow”, “Options on Demand”, and “Spread on Demand.”
Spread HighLow shows the traders a bid spread, which in the Forex trading market is the standard method of price making. For investors who prefer to trade in a high risk and high reward arena with expectations of large movements in the market, spread trading is perfect for them. Return on investment for this type of trading can reach up to 100% or even higher. This means that the payout can reach up to 200%, which is double the investment.
For traders who prefer conventional Binary Option, this is a perfect platform. It is an option that goes well with the short-term investor. These types of investors usually prefer to trade on small movements in the market. To start off, it shows the at-the-money price. The simplest definition of “at-the-money price is when the option’s strike price is the same as the price of the underlying security. An underlying security is the hedge or protection from which a derivative gets its value.
The HighLow trading option offers clients payouts of 175% to 190%.
An option on Demand is a very versatile and flexible choice that is perfect for traders who like to leverage from short term patterns in the market. This type of binary option lets the investor decide what time frame is most suitable for a certain type of investment.
The last class of binary option is Spread on Demand. This is for the trader who opts for a maximum return of 200%. They are able to make trades whenever it suits them. These types of traders expect huge movements in the market and they want to make the most of their positions. Just like in Highlow Spread, Spread on Demand also shows the traders a bid spread.
While HighLow is considered a typical broker, it only seems so at the surface. Aside from bringing extraordinary service to its customer, which makes it a cut above the rest, HighLow is also part of the trusted broker list of Fair Binary Options and it is one of the few brokers that are regulated by the Australian Securities and Exchange Commission.
One of their very best features is the excellent mobile app service. A study has been made showing that mobile binary options trading accounts for 30% of trades made last year. The HighLow mobile app utilizes MarketsPulse, a trading platform solution that specializes in cross-device trading. They have excellent back-office solutions and customer management tools and features. It is compatible with both iOS and Android devices. One great thing about these apps is that they run as if they are desktop apps. The traders will not experience significant changes as they shift from their desktops to their mobile devices. Sometimes relevant functions found on the desktop get lost in the mobile app. However, this is not the case with the HighLow mobile app. The app is able to create the same experience for the trader as if they are using a complete web interface application, just done in a friendlier way on the smaller screen.
The platform languages that they support are currently only in English and Japanese, and they take traders from all over the world except US-based investors.
Customer service of HighLow is one of their strengths, judging from the good reviews that it has been getting from online users. First off, the FAQs on their website have very helpful information. They hold no question left unanswered, and the answers were done in a simple, straightforward manner. They have a customer service hotline available for Australia, Singapore and the UK. The phone numbers are listed on the website. Service hours are from 8:00 am to 2:00 AEDT/AEST. There is also email support listed in their website (email@example.com), and if an inquiry is done on a weekend or holiday, it will be answered on the next business day. They do not have telephone trade orders and personal account managers are not available.
Pros & cons
HighLow holds a valid license to ensure safe trading activities. The platform is user-friendly, but there’s not much information available thus traders should make sure that everything is clear with them before signing up. The assets are many, but not enough to offer traders variety of choices to profit.
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