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HighLow is an attractive and regulated binary options trading platform from down under. They are regulated under the Australian Securities and Investments Commission (ASIC). We decided to the HighLow review because we felt this is another good platform to present our Australian customers. US traders can’t trade with High Low, but they can try out some other brokers that do support US trading. The HighLow website is super easy to use, with no overwhelming streams of unnecessary information. The platform is primarily focused on binary options trading and we had a lot of fun with their excellent trading interface during the HighLow review. If you want to know more about types of options and terms of this binary options broker’s service, read the rest of the HighLow review.
Account Features
HighLow owner, RCTM is a company based in Australia and a holder of Australian Financial Services License (ASIC) number 364264. Now, some of our readers, especially those who came across an FBO review for the first time might ask why is this regulated status considered a feature? The answer is straightforward — regulated brokers offer traders more peace of mind than unregulated ones since many of the additional customer-oriented facilities they offer can be seen as positive features, such as segregated funds, compliance with a state customer protection agency, following a protocol when it comes to complaints, insuring customer funds etc…
So this is a great opportunity for users favoring trading with AUD to sign up and get some additional perks coming trough promotions that are live at the moment we are writing this review. HighLow staff ensured us different promotions are nothing out of the ordinary in their company so future traders can expect a lot of goodies. Current promotion includes up to $50 cash-back on the first trade.
Also, a special feature is the product itself. Even though we usually discuss these topics in the Software and Assets section of the review, for the HighLow review we had to mention the advanced binary options types here too since it is these amazing binary options that can be traded with HighLow are the key for unlocking payouts offered by this binary options broker. With HighLow traders can achieve 100% and more on traditional options and 200%+ with on demand options. Another interesting feature found in HighLow review is the fact that not only expiry time matters, but the spreads enable a tighter control of the outcome for the trader.
These amazing features can be tested without hassle or even depositing since HighLow offers a demo account, which is actually a demo mode for the whole website. We couldn’t believe when for the HighLow review we didn’t even have to sign up for demo in the first phase. There is no maximum time demo can be used and every demo user gets A$ 10,000 to practice with.
HighLow Registration Process Explained
HighLow is a highly regulated broker that operates in accordance with all legal rules of the regulating authorities. This means that it accepts only serious traders and traders who understand the entire process of binary trading. Also, they leave nothing to chance and have somewhat different signup than most other binary brokers around.
HighLow Registration Step 1: Filling Out the Online Form
In the first step of HighLow registration, traders must fill out an online form that asks them for several different information. From the very start, traders have to provide name, surname, email address (two times), desired password (two times), country and desired currency in which the trades will be executed.
HighLow Registration Step 2: Completing the Profile
Then, traders have to complete their profile by adding several other information like birth date and street address. Also, they have to repeat the country name once again and then state the province and accept terms and conditions.
HighLow Registration Step 3: Uploading Documents
In the end, traders also have to provide scans of two different ID documents. One is a photo ID like passport or driving license, or ID card, and the other is a document with a current residential address like a recent bank statement or utility bill.
The entire process can be somewhat demanding for traders who are used to fast and easy registration and a lot of assistance, as there is no customer support to navigate you. However, this is a broker that is highly regulated and all these steps are for your safety as well.
Trading Software & Assets
Trading interface featured on HighLow is one of the most user-friendly we have ever come across. The trading is not thought of as static, but placing a trade is so arranged that it just flows. The binary options types are at the top as tabs. The second row consists of preferred expiry times. These two functions work as a filter system that then only presents binary options, which are available for trade and satisfy the filter conditions. The presented binary options are in something called the binary options carrousel that enables easy browsing with the most important info present. While we traded for HighLow review we found this really convenient.
The traditional, digital, high/low binary option is one of the first tabs that users can choose. With HighLow trading these instruments enable users to score up to 90% returns on investment which is actually really flexible with the lowest possible amount invested starting with A$ 10 (cca $8.7 on the day review was written). This is among the highest possible returns in the industry for this kind of instrument.
If traders prefer fast trading binary options it is also possible with HighLow. All they have to do is choose “Options on demand” tab and choose expiry of 60 seconds, 90 seconds or 5 minutes. HighLow review showed us how Option on demand can be highly versatile and flexible. It suits traders who prefer to take advantage of short-term patterns and like dynamics in their trading environment.
Second type of binary options offered by HighLow is the forex type Spread HighLow trading. Spread trading is for investors who prefer a more exciting environment that enables more risk taking but also higher returns that reach up to 100% and more. Spread on demand options enable traders to feel even more of an adrenaline rush when trading by shortening the expiry times.
One of the advantages of regulated brokers is the fact that they have first class data streams that are secure and cant be muddled with. HighLow uses Leverate as their provider. Also an interesting point with HighLow is the Traders choice indicator, used for traders to assess the sentiment in the markets. With HighLow review we even found out how it works. This feature is located on the left side of the trading window and provides continuous updates about market sentiment.
Traders Choice will appear after 4 trade actions, and will update every 1 minute for 15-minute options, 5 minutes for hourly options and 15 minutes for daily options. It can also be shown/hidden from view according to your preference. This way traders are certain this is really coming from the choices their colleagues make.
HighLow also offers a smartphone app to trade on the go. This way, trading success is always just a touchscreen away. Mobile app supports iOS and Android operating systems.
Support Information
HighLow review confirmed to us that proper customer care exists. It’s not just the fact that this binary options broker is regulated so they do have a process in place if there are any complaints. It’s the fact how unnecessary that process is since everything one may seek is in a rich FAQ section that goes into craziest details and sometimes even looks repetitive since it covers all bases.
If there is some reason for the customer to try to contact the support, they can do so by using e-mail, where they will get priority if they aren’t repeating questions that have answers in the FAQ section. We find this to be extremely fair since there is no reason not to give some effort into research before clogging brokers e-mail inbox. Traders can also use phone contact if they are in a hurry.
This broker website supports English and Japanese language, but they are only available for Australian traders. They are not available for the US.
There is no Live chat feature — a bit of a let down in otherwise great support.
Banking & Company Information
For depositing, HighLow focuses heavily on Neteller. The minimum deposit amount for Neteller and Credit cards is A$ 50 which is one of the lowest in the industry. It is easy to deposit since everything is arranged electronically. Customers using Bank Wire can also use this method and the minimum deposit is only A$ 10 then.
Withdrawals that are made via Neteller are instant so users won’t have to wait a lot for their funds. There is a 2% transaction fee involved. Minimum withdrawal amount is also A$ 50. Bank transfers are amongst fastest in the industry, processed immediately and take 1-3 days for settlement. We did not use this method so we can’t confirm if it is so for international customers. Unfortunately, Credit Cards can’t be used when withdrawing funds.
As mentioned in the beginning of the HighLow review, customer accounts are segregated from those of the company, and are held in accordance with the Corporations Act 2001 (Commonwealth of Australia) and related regulations, in a client money trust account with National Australia Bank (NAB).