In an industry that has recently received a lot of bad press, it is heartening to see a few companies rise above the commotion. HighLow Markets Ltd, an Australian holding company, is one of today’s leading binary options brokers.
HighLow is one of the few continuing binary options providers with headquarters in Sydney. It has been serving clients worldwide since its establishment in 2010. And the broker has built a reputation for being transparent and trustworthy. Also, it is one of the few binary options brokers without a call center. That is, this broker does not aggressively push its products and services.
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Reputation
As previously stated, HighLow has gained a reputation among binary traders as one of the few trustworthy and transparent brokers. While most binary options brokers have elected to relocate to a tax haven in the Caribbean, HighLow has chosen to remain in Australia, regulated by ASIC.
It is one of the few monetary regulatory entities globally that is both strict and professional. In other words, HighLow can assure its clients that their funds are secure with the broker.
Trading Apps
HighLow has chosen Markets Pulse’s white-labeled trading platform to access the financial markets. While the exchange platform does not have as many characteristics as the popular SpotOption binary trading platform, it is ideally designed for new users.
The trading platform allows users to trade binary options using different contract types, and those include:
- High/Low spreads
- High/Low
- Turbo spreads
- Turbo
Standard option contracts expire at a single price level, while spread options contracts expire at various prices. Turbo and High/Low options have expiry times ranging from 30 seconds to 5 minutes, whereas intraday options have no expiry time.
Holding Platform
By downloading a mobile trading app, traders who cannot trade from their desktop trading terminal can still trade from their cellphones and mobile devices. Traders can also check their account balances and read the latest news using the mobile trading interface. The mobile app is available for free on Google Play and Apple App Store.
Highlow Trader
HighLow has chosen not to follow the binary options industry’s practice of offering traders a variety of trading accounts. It offers only one type of trading account that anyone can open by completing the registration form and depositing at least $50. Traders in Australia must deposit AUD 10.
Traders who are unsure about signing up with HighLow can try out the demo account first. HighLow offers a free sample account that does not require registration.
Added Values
Regarding bonuses, HighLow offers a $50 free cashback offer to all authorized trading accounts.
Instruments
While HighLow’s services are excellent, we found their list of possible underlying assets to be inadequate. Their asset list is smaller than most binary brokers in the business. Currently, HighLow has 43 asset kinds. Nonetheless, available assets include commodities, market indexes, and currencies.
Customer Care
HighLow also lacks customer support. Currently, you can only contact them via email or phone. Telephone help is only accessible from 09:00 to 04:00 (AEDT/AEST) on weekdays.
Input & Output
HighLow supports a wide range of payment methods for its traders’ convenience. Funds can be transferred via credit cards, bank wire, or eWallets. It accepts soporpay, Sofort, Neteller, GiroPay, PaysafeCard, and Poli for eWallets. Withdrawals can also be made using the above ways. However, there is a $50 minimum withdrawal requirement. Withdrawals are typically processed within one day if requested before the 2 pm cutoff.
Is It Suitable For Day Trading?
As a day trader, you need a broker who can quickly open and settle trades. With binary options, the expiry time is as short as 30 seconds. That is, HighLow is a good broker for day traders.
Alternatives to HighLow
If you seek alternatives to HighLow, we have produced a list of the top 5 brokers comparable to HighLow below. This list of brokers like HighLow is in order of resemblance and only includes organizations that allow traders from your location.
eToro
It is a multi-asset platform that provides investment in equities and crypto-assets and trading CFDs.
Deriv.com
It is a new brokerage, offering options and CFDs on a simple, dependable, adaptable platform. Get access to volatility indices exclusively at Deriv.
BDSwiss
It offers 250+ Shares, Indices, Forex, Commodity, and Cryptocurrency markets via CFDs. With ranges from 1 pip and a winning best app, they offer a fantastic bundle.
PrimeXBT
PrimeXBT is a Bitcoin-based platform allowing heavily leveraged trading in FX, indices, commodities, & cryptocurrencies.
IQ Option
Open an account with just $10. Trade over 14 Cryptocurrencies directly, traditional FX with low spreads, or trade digital options with payouts up to 900 percent.
Conclusion
HighLow is distinguished from the competition by its reputation as a dependable binary options broker. You’ll have peace of mind knowing that your funds are safe, and you’ll be able to fully enjoy your market knowledge due to an intuitive trading platform, whether you’re a novice trader or an experienced investor.