HighLow Broker Review
HighLow is the brand name and business managed by Highlow Markets Pty Ltd. The company operates under the Australian Securities and Investments Commission (ASIC) license. It started providing over the counter derivatives back in 2013.
The broker uses MarketsPulse software to provide binary options trading to its clients. You can trade in a web browser or on a smartphone by downloading the app from the App Store or Google Play.
- ASIC Regulated
- Based in Sydney, AU
- Up to 100% payouts
- $50 cash back
- Loyalty credits
- Instant withdrawals
HighLow trading platform is powered by MarketsPulse, one of the leading providers in binary options; it is a browser-based trading interface. Even for complete beginners, the layout of the platform interface is simple to understand.
All binary options are displayed with predefined expiry time and payout. Once you choose your preferred option, you have to decide on the direction and investment. The largest selection is on forex options.
You can easily switch from trading short-term binary options, including flexibility to filter based on assets, as well as Turbo options and Spread options.
Types of options
Traders can choose from the traditional High/Low binary options (Call or Put), as well as Spread options. You can also trade the short-term expiry options under Turbo and Turbo spread. With the spread options, the price must close above or below the bid/ask prices quoted by the broker.
There are many different expiry times available for trading. The shortest expiry time for the binary option contracts are 30-second expiries, and traders can also choose 60-second, 3-minute or 5-minute options.
The regular expiry times start at 15 minutes and include 1-hour and up to one day expiry times.
Traders can expect payouts of up to 100% on the investment with HighLow. For the regular binary options contracts, traders will be paid, on average, 90% on the invested amount. The 100% returns are on the spread options contracts that include both turbo and regular options.
Considering the trading interface is browser based, the trading indicators are limited. At HighLow, you can use the traders’ sentiment indicator, which shows the number of Call/Put options and gives an idea of other traders’ positions.
The charting interface displays the price in area only and offers little in terms of aiding in any technical analysis.
Regarding the selection of assets available for trading at HighLow, the choices are limited. There are a total of 17 currency pairs that can be traded on top of gold and 7 indices, which includes the Dax 30, the CAC40 and the Australia 200. Stock options are not offered.
The HighLow app is easy to navigate and doesn’t lack any features available on the web platform. You can find all binary options on one page, or you can select by asset and expiry time. The quick demo is available on the app as well, so you can easily test it and perform some trades before you go live.
You can download the free app directly from iTunes and Google play stores and access your trading account.
You don’t actually register your demo account, which is a bit of a drawback as you can’t keep a history of your trades. However, it is really easy to start the HighLow demo and purchase options directly on the web platform.
You simply click on Quick Demo, and you can open the trading platform with virtual funds of $10,000. All types of options and expiries are available, and you can see exactly what your live trading would be.
Traders must know they need to pass through verification during the registration process. HighLow offers instant verification with a driver’s license. If you skip this process, you will have to manually send a copy of your ID.
After the account is approved, traders can make a deposit. You must fund your account before option contracts are issued to you. The offered binary options are not standardised, and HighLow sets the terms of an option contract.
For your trading strategy, you must remember that the minimum amount to trade at HighLow is $10 per contract. The payout on successful trades is about 90%, and if you trade Spreads, the return is fixed at 100%.
With short term options, such as 30 seconds and 60 seconds, the risk is higher and the payout is lowered to 82%. Traders can seek potential profit during news releases. To keep your risk low, you can purchase daily options with a 90% payout.
The trading platform doesn’t offer added indicators on the chart, such as Moving averages or Bollinger bands, and to perform a better analysis, you need to apply it on another chart platform, such as Meta Trader 5.
The choice of expiry times for the contract varies, meaning that there is flexibility for traders.
$50 Cash back
All new traders at HighLow can receive $50 in cash back. This means that the broker matches your investment amount up to $50 in case you lose.
For example, you deposit $100, and you lose $50. Then, you can request cash back and withdrawal your initial deposit of $100.
What makes this offer quite friendly is that there are no strings attached, meaning that traders can withdraw their funds at any time.
HighLow runs a loyalty program for all traders with live accounts. There are four levels available, and traders can reach a higher level by increasing trading volume. On the 1st of every month, you can redeem your earned loyalty credits for cash back up to $500.
Deposits and withdrawals
HighLow accepts a wide range of deposit and withdrawal methods. There is a minimum deposit amount of $50, and all client funds are directly kept in a segregated bank account held at the NAB bank.
Traders can choose from credit card funding, which includes MasterCard and Visa payments and e-wallets, such as Neteller. Depositing funds via Bank wire is also an option, which again has a low deposit requirement of just $50.
Bank withdrawals are processed twice a day. Credit cards and e-wallets withdrawals are executed instantly.
There are no fees for making deposits, but withdrawals via Credit card and Neteller include a 1.5% fee per transaction, while Bank wire withdrawals have a fee of $20 per bank wire. There are no withdrawal limits.
Additionally, there are over 35 other payment methods that can be used, including a host of e-wallets and Bitcoin payments as well.
For any questions or for problems, traders can use the HighLow customer support, which can be reached via a local toll-free number in Australia and via email.
The web page offers a vast database of customer queries, which answers some of the most commonly asked questions, and in many cases, this is more than enough.
Still, if traders face some unique problems not covered in the customer resources or the FAQ page, then they can contact customer support via phone (weekdays 09:00 to 04:00, AEST) or through an email contact form.
Pros and Cons
- ASIC license
- Strong reputation
- Instant withdrawals
- Loyalty program
- High Payouts
- $50 cash back
- $10 minimum trade
- Missing indicators
- No stocks offered
Currently, HighLow brokerage does not accept traders from the following countries: USA.