New HighLow broker review – 2021 Update
In an industry that has been getting a great deal of awful press lately, it’s nice to find that a few companies have been able to rise over the furore from the binary options trading market. Owned by the Australian holding company HighLow Markets Ltd, HighLow has turned into one of the top binary options brokers.
Since its beginning in 2010, HighLow has been serving customers from throughout the world. Through time, the agent has got a reputation of being a clear and reliable agent. It’s one of those handfuls of binary options agents on the planet that doesn’t have a call center operation. To put it differently, this agent doesn’t pursue aggressive advertising strategies for its services and products.
Reputation & Regulation
HighLow has made a reputation among binary traders in the online trading community as being one of the very few transparent and trustworthy agents. With the variety of binary options, brokers worldwide have opted to shift their operations to some tax haven country in the Caribbean, HighLow has chosen to stay in Australia under the jurisdiction of the Australian Securities and Investments Commission (ASIC).
ASIC is just one of the few financial regulatory bodies that are highly regarded in the financial sector as being rigorous and professional. To put it differently, HighLow can provide its customers with the reassurance that their money will be secure with the broker.
HighLow Trading Platforms
In order to access the financial markets, HighLow has chosen to embrace the white-labeled trading platform supplied by Markets Pulse. Though the trading platform doesn’t have as many pros as the favorite SpotOption binary trading platform, it’s will fulfill the requirements of traders that are only starting.
The trading platform enables its users to exchange the binary options marketplace with 5 distinct forms of alternative contracts namely High/Low choices, High/Low spreads, Turbo alternatives and Turbo spreads alternatives.
The most important difference between the standard option contracts and the spreads options contracts is how the expiry for the latter is extended to cover a selection of prices instead of a single price amount. In terms of turbo options and the High/Low choices, the expiry period for the former will be from 30 minutes to five minutes while the expiry period for the latter is on an intraday basis.
Aside from the online platform that’s available through any internet browser, High/Low has also guaranteed that traders that are not able to trade in their desktop terminal may exchange from their tablets and smartphones, by downloading an app. Dealers may look at their account status and stay updated with a live news feed that’s streamed via the mobile trading platform. The mobile app is free may be downloaded in Google Playstore or even Apple App Store.
Concerning trading accounts, HighLow has chosen to depart from the binary options industry’s customs of providing dealers with a selection of a number of distinct kinds of trading accounts.
With HighLow, there’s just one standard kind of trading accounts that everyone can open by completing the enrollment form and a minimum deposit of $/£/€50. For dealers in Australia, an amount of AUD$10 is necessary.
For dealers that are not sure of whether to register on HighLow, they can open a demo account. The demo account is supplied at no cost by HighLow and doesn’t require that you register.
Bonuses & Promos
In terms of bonuses, HighLow delivers a completely free money-back offer of $50 for all accepted trading accounts.
While the services in HighLow are outstanding, we discovered they are somewhat lacking with the listing of accessible underlying assets. Their advantage list isn’t quite as extensive as what many binary agents are providing in the business. Presently, HighLow has just 43 distinct kinds of assets. Nonetheless, the available resources can cover different asset types including currencies, commodities, and market indices.
In late 2018, Highlow did start to tackle some of those issues, including a selection of new resources, such as UK and US Oil costs, and indices like the CHN50, Nasdaq and S&P.
HighLow Customer Support
Currently, it is possible to contact their support staff through email and the phone.
Deposit & Withdrawal
For the convenience of the traders, HighLow has provided support for a myriad of payment methods. Fund transfers can be made through bank wire transfers, credit cards, or even e-wallets. All major credit cards like VISA and Mastercard are supported. To get eWallets, HighLow accepts transfers through Neteller, Poli, Sofort, PaysafeCard, GiroPay, and soporpay. Withdrawals can be done through the above-mentioned methods too. But it should be noted that there’s a minimum withdrawal amount of $50. The typical withdrawal processing period takes a day if the request is made prior to the 2 pm cutoff time.
Are HighLow Suitable For trading?
As a day trader, you’re interested in a broker that can supply you with the capability to open and shut transactions in a brief length of time. That can be possible with binary options as the expiration period can be as short as 30 minutes. HighLow is then the right agent for a day trader.
HighLow only accepts brokers from Australia, Japan and China.