HighLow are a licensed, reliable broker based in Sydney Australia. Regulated by the Australian Securities and Investment Commission (ASIC). They provide industry leading payouts and offer a no deposit, no sign up binary options demo account – ideal for developing trading strategy, or beginners.
With a cutting edge platform, instant withdrawals, a powerful mobile trading app and full regulation – HighLow offer a great choice of broker for both novice or beginner traders, as well as for more advanced trading veterans.
- Min Deposit: $50 USD / $10 AUD
- Payout: Up to 200%
- Demo Account: Yes (No deposit, no sign up)
- Regulated: Yes. ASIC (Australian Securities And Investment Commission)
- Bonus: $50 Cashback
Login in to HighLow and you are presented with a unique trading platform. While it retains many of the familiar options and features, it also has an individual look and feel.
A range of tabs allows you to select the expiry time, and on the left of these is a drop down menu for the full range of assets and markets. Below these choices are a larger “shortlist” of assets, these can be tailored to reflect your most traded markets, making them easy to find.
HighLow trading area
Once an asset or market has been selected (or highlighted), the chart below will update. This shows the current price levels, trader sentiment, payout and the countdown to expiry. The graph also displays the point at which trades must be placed.
The all important trading buttons are on the right. Here, users tailor the trade size, select the direction of the trade – and hit the ‘Invest’ button to confirm the trade. Open trades will then appear in the ‘Open Positions’ window beneath the price chart. If users prefer, they can select ‘1-click’ trading. This removes the invest button, and larger High and Low buttons will open that trade in a single click.
It is very simple and easy to use trading platform. The price graph will show which direction the markets needs to move in order for a trade to win. This reduces the chances of trader mistakes. As you might expect, the firm use ‘High’ and ‘Low’ on the trading buttons (rather than Up/Down or Call/Put).
One shortcoming of the trading area would concern the charts. There is not a huge amount of flexibility or advanced technical analysis. It is true however, that this is common among binary brokers. Traders keen on technical analysis often use separate charting software such as MT4 (MetaTrader4). It is worth noting however.
Current Activity Window
The current activity window lists all the open positions. It lists a ‘Sell’ option, and also shows the current ‘expiry payout’.
Trade Options And Assets
The choices at HighLow do offer traders some good options. The list of assets is not as extensive as some rival firms, and this is surely something the brand will look to improve.
- High/Low – They had to offer these didn’t they? The standard binary trade – will the asset value finish higher or lower than the current price. Expiries range from 15 minutes up to ‘End of Day’ expiries.
- High/Low Spread – As above, but the difference is in the payout and strike price. Payouts on the ‘spread’ options are 100%. Traders however, will need to make up the spread. So if the current market price on the UK100 is 7294.8 – traders might be presented with 7295.1 to go higher and 7294.5 to go lower. This extra margin is where the broker derives their profit – allowing them to offer 100% payouts.
- Turbo – Again, these follow the same process as a standard High / Low option. But Turbos are over very short time frames. So expiries of 30 seconds and 1,3 or 5 minutes.
- Turbo Spread – Short term expiry high / low options – but with a spread on the current market value and payouts of 100%
Assets And Markets
The asset lists include stocks, commodities, indices and forex. The only comprehensive category is forex however. The depth in the other classes is less than rival firms offer. The major indices are all there, but commodities in particular are a little light. Anyone only trading major assets will be more than satisfied. It is however, an area the brand could strengthen.
Deposit And Withdrawal
HighLow offer a large range of deposit and withdrawal options, and the process is very professional. The key point to note is that all client funds are held in a separate trust fund (not the company accounts). The trust is operated by the National Australian Bank (NAB). This offers good peace of mind and shows the company operate transparently.
The most popular deposit methods are credit card, Neteller and wire transfer. All carry a $50 minimum deposit requirement. credit card and Neteller transactions are immediate. Wire transfers will credit accounts the same day, if actioned before 12pm that day.
In addition to those popular options, there are also almost 40 other ways to deposit funds, including SoFort, PaySafeCard and GiroPay. All operate on good terms for the trader. There are no delays or frustrating requirements.
Withdrawals are a plus point for HighLow too. Much of the same terms apply – the minimum withdrawal is $50 across all methods. Credit card and Neteller withdrawals are processed immediately. This does mean they cannot be cancelled once requested though. Wire transfers are processed the same day where requested before 2pm (funds may take 1 to 3 days to clear). There are no fees for withdrawals. There is also no maximum withdrawal per day – only what a trader has in their account.
Free withdrawals and quick processing. Top marks for HighLow in this regard.